Indian Hume Pipe Company Limited, incorporated in 1926, stands as one of India's pioneering infrastructure companies with nearly a century of operational excellence. Part of the Walchand Harichand group, the company is a leading manufacturer of various pipe types including Hume Pipes, Hume Steel Pipes, Prestressed Concrete Pipes, Bar Wrapped Steel Cylinder Pipes, Steel Penstock Pipes, RCC Poles, Septic Tanks, and Manhole covers.
The company functions as a comprehensive infrastructure solutions provider, integrating manufacturing expertise with engineering capabilities to deliver complete water supply, irrigation, and sanitation systems across India. Its extensive client base includes central government, various state governments, and local bodies, solidifying its role as a key contributor to India's infrastructure development initiatives.
The company's core business revolves around the manufacturing, laying, and joining of pipelines, with operations spanning multiple critical segments of the infrastructure sector. It produces a wide array of pipe materials, including RCC pipes, steel pipes, prestressed concrete pipes, penstock pipes, bar wrapped steel cylinder pipes (BWSC), and prestressed concrete cylinder pipes (PCCP).
Beyond manufacturing, Indian Hume Pipe Company undertakes infrastructure development programs through the turnkey execution of combined water supply projects. This includes urban and rural water supply systems, large-diameter irrigation pipelines, head works with pumping machinery, treatment plants, overhead tanks, and other allied civil construction.
A significant portion of the company's revenue is also generated from its railway division, where it manufactures and supplies Concrete Railway Sleepers to Indian Railways, effectively diversifying its revenue streams beyond traditional pipeline and water infrastructure projects.
Indian Hume Pipe Company has showcased exceptional financial performance in recent periods. For the full year ended March 2025, the company's net profit surged by an impressive 618.86% to ₹558.05 crore, compared to ₹77.63 crore in the previous year (March 2024). Sales also saw a healthy increase of 7.39%, rising to ₹1,491.23 crore in FY25 from ₹1,388.64 crore in FY24.
The company's quarterly performance highlights robust growth, particularly in Q4 FY25, where net profit soared by 1043.28% to ₹499.27 crore, up from ₹43.67 crore in Q4 FY24. This substantial growth was significantly bolstered by the completion of the sale of approximately 10 acres of freehold land in North Bengaluru to Godrej SSPDL Green Acres LLP for ₹559 crore.
As of July 12, 2025, the company's market capitalization stands at ₹2,154.16 crore, reflecting its strong and growing position within the infrastructure sector.
• Net Profit FY2024-25: ₹558.05 crore (up 618.86% YoY)
• Sales FY2024-25: ₹1,491.23 crore (up 7.39% YoY)
• Net Profit Q4 FY2024-25: ₹499.27 crore (up 1043.28% YoY)
• Market Capitalization: ₹2,154.16 crore (as of July 12, 2025)
• Order Backlog (FY25): ₹4,002.48 crore
• New Orders Secured (FY25): ₹1,325.37 crore
The company maintains a robust order book, underscoring strong future revenue visibility. The order backlog increased to ₹4,002.48 crore, with new orders worth ₹1,325.37 crore secured during FY25. The estimated balance value of work as at July 31, 2024, was ₹3,454.46 crore, compared to ₹2,878.44 crore as at July 31, 2023.
In 2024, Indian Hume Pipe Company successfully completed prestigious turnkey projects, which included various components such as intake wells, electrical transmission lines, pumping stations with pumping machinery, water treatment plants, water transmission mains, ground-level reservoirs, and elevated service reservoirs. The company has also fabricated and installed over 1,35,000 MT of steel penstock steel liners for more than 50 hydroelectric projects.
The company operates multiple manufacturing facilities strategically located across India to efficiently serve diverse geographical markets. In 2013, it established a new factory near Dhule, Maharashtra, for the manufacturing of Prestressed Concrete pipes, Bar Wrapped Steel Cylinder pipes, Prestressed Concrete Cylinder pipes, and Steel pipes, with a total investment of ₹18.38 crores.
As an integrated pipe manufacturer, IHP benefits from not having to rely on external suppliers for commonly used pipe materials, thus enabling greater control over the quality of project execution. The company is actively expanding its manufacturing capacity to meet growing demand, positioning itself to effectively capitalize on India's ambitious infrastructure development initiatives.
Indian Hume Pipe Company has consistently demonstrated a strong commitment to shareholder returns through regular dividend payments. The company announced a total dividend of ₹5.80 per share for FY25, which includes a special dividend of ₹4. This translates to a 290% dividend, showcasing its robust cash generation capabilities.
The company's shares are listed on both the Bombay Stock Exchange (BSE code: 504741) and the National Stock Exchange (NSE code: INDIANHUME), providing liquidity and accessibility to a broad range of investors across different market segments.
The company is deeply engaged in the construction and maintenance of projects related to water supply, irrigation, sanitation, sewerage systems, and pipe manufacturing. Its diversified business model across water infrastructure, railways, and manufacturing provides significant resilience against potential sector-specific downturns.
With India's sustained focus on infrastructure development, smart cities, and rural development programs, Indian Hume Pipe Company is strategically positioned to benefit from increasing government expenditure on essential water supply, sanitation, and irrigation projects. The company's long-established relationships with government bodies and its proven track record of project execution provide significant competitive advantages in securing large-scale infrastructure contracts.
The company's strategic placement in vital infrastructure sectors, combined with its comprehensive manufacturing capabilities and strong financial performance, establishes it as a significant player in India's ongoing infrastructure development narrative. Its century-long operational history and consistent record of successful project execution continue to bolster its market position and growth prospects.
