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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The Indian Hume Pipe Company Limited is in the business of manufacturing, laying and jointing pipelines. It is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems. Its segments include Construction and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
Indian Hume Pipe is scored on the general / industrial framework. It keeps a healthy 10.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.08× reported profit. It throws off free cash worth 9.1% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -5%/yr and profit at 36%/yr. Book value itself has compounded 29%/yr — the hallmark of a genuine compounder. Return on equity is a weak 5.4%. In the latest quarter profit grew 3% versus the prior quarter.
At 11× earnings, the stock sits at the 28th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~1%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 10.94 | 22.44 | better |
| P/B | 1.05 | 2.58 | better |
| EV/EBITDA | 6.72 | 29.45 | better |
| ROE | 5.43 | 6.27 | worse |
| ROCE | 7.64 | 29.51 | worse |
| ROA | 4.59 | 3.35 | better |
| Quick Ratio | 1.82 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue declined 10% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (36% vs -5%) — margin expansion is at work. The latest year saw a -75% swing — check if it's a one-off or structural.
Operating margin has expanded from 5% to 14% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 10% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (36% vs 33%) — share dilution is eroding per-share value. 33% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.1× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 12% QoQ — could be seasonality or a genuine slowdown.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 72.3% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.