# Indian Hume Pipe Company share price today (Indian Hume Pipe Company Ltd, NSE: INDIANHUME)

> Indian Hume Pipe Company share price today: ₹308.65 at the NSE close on 3 November 2026, down 13.8% in a year. Indian Hume Pipe Company (NSE: INDIANHUME) is worth ₹1,624 crore, trades at a P/E of 17.4 and has closed between ₹286.05 and ₹423.80 over the past 52 weeks. > Indian Hume Pipe Company Ltd's P/E is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. INDIANHUME · Cement Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/indian-hume-pipe-company-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹308.65 (−13.8% in a year)
- P/E: 17.4× (lower than 65% of the last 11 years)
- Revenue (Jun 2026): ₹303 Cr (−1.3% on a year ago)
- Profit (Jun 2026): ₹24.0 Cr (+9.1% on a year ago)
- Operating margin: 10.0% (−1.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 8.4%, against a 12.0% cost of capital: −3.6 points

The main question: the share price moved −13.8% in a year while yearly earnings per share moved −74.7%. The difference came from the market paying a higher multiple. ## What is the Indian Hume Pipe Company share price today? Indian Hume Pipe Company Ltd's share price was ₹308.65 at the close on 3 November 2026. It has been falling for 1 week. That is 13.3% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running. In the last 52 weeks it traded between ₹286 and ₹424, and at that close it sat 16% of the way up from that low. Over the last 11 years the share price moved +86% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Indian Hume Pipe Company this quarter? ## What are Indian Hume Pipe Company's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Indian Hume Pipe Company reported revenue of ₹303 crore, down 1.3% from ₹307 crore a year earlier, and a profit of ₹24.0 crore, up 9.1% from ₹22.0 crore. ### Indian Hume Pipe Company results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹303 crore | ₹307 crore | −1.3% |
| Profit | ₹24.0 crore | ₹22.0 crore | +9.1% |
| Earnings per share | ₹4.47 | ₹4.16 | +7.5% |
| Operating margin | 10.0% | 11.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Indian Hume Pipe Company share price history? Indian Hume Pipe Company closed at ₹308.65 on 3 November 2026, down 13.8% from ₹358.05 a year earlier (31 October 2025) and up 59.5% over five years. Its highest weekly close since March 2016 was ₹571.90 on 1 September 2017. ### Indian Hume Pipe Company share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹301.00 | +2.5% |
| 1 month ago · 1 Oct 2026 | ₹346.10 | −10.8% |
| 6 months ago · 30 Apr 2026 | ₹327.00 | −5.6% |
| 1 year ago · 31 Oct 2025 | ₹358.05 | −13.8% |
| 3 years ago · 3 Nov 2023 | ₹233.15 | +32.4% |
| 5 years ago · 4 Nov 2021 | ₹193.50 | +59.5% |
| 10 years ago · 4 Nov 2016 | ₹381.95 | −19.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹165.88 | +86.1% |
| Highest weekly close since March 2016 · 1 Sep 2017 | ₹571.90 | −46.0% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹120.05 | +157.1% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹423.80 | −27.2% |
| 52-week low (weekly close) · 10 Jun 2026 | ₹286.05 | +7.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Indian Hume Pipe Company? 3 Nov 2026: Indian Hume Pipe Company closed at ₹308.65, up 2.5% on the week and down 10.8% on the month. 17 Jul 2026: ex-date for a dividend + special dividend of ₹5 a share. ### Earlier

- Results for April to June 2026: Revenue down 1.3% and profit up 9.1% on a year earlier. ## What dividend does Indian Hume Pipe Company pay? Indian Hume Pipe Company paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.65% at the ₹308.65 close on 3 November 2026. The last was a dividend + special dividend of ₹5 a share, ex-date 17 July 2026. ### Indian Hume Pipe Company dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 17 Jul 2026 | ₹5 | Dividend + Special |
| 18 Jul 2025 | ₹5.80 | Dividend + Special |
| 19 Jul 2024 | ₹1.50 | Dividend |
| 21 Jul 2023 | ₹1 | Dividend |
| 14 Jul 2022 | ₹2 | Dividend |
| 12 Aug 2021 | ₹2 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹3 Special dividends, last 12 months

Yes. Indian Hume Pipe Company Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Indian Hume Pipe Company on? Indian Hume Pipe Company is not on any of our India lists this week. ## Is Indian Hume Pipe Company profitable? Indian Hume Pipe Company Ltd earned ₹24.0 Cr of net profit in the Jun 2026 quarter, +9.1% on the same quarter a year earlier. Full-year FY26 profit was ₹141 Cr. Over 10 years profit has grown 17.1% a year on average. That is 7.9% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr. For the full year, FY26 profit was ₹141 Cr (−74.7% on the year before). Why profit moved: revenue changed −1.3% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +106.4% and revenue −8.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Indian Hume Pipe Company make, and is it growing? Indian Hume Pipe Company Ltd reported ₹303 Cr of revenue in the Jun 2026 quarter, −1.3% on the same quarter a year earlier. Over 10 years it has grown 3.4% a year on average. The last full year, FY26, came in at ₹1,306 Cr. The last four reported quarters add to ₹1,301 Cr. FY26 revenue was ₹1,306 Cr, −12.4% on the year before. Recent pace: the last four quarters grew −8.7% on average, against 3.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −9.3%, against −3.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −73.7%, against +20.0% a year (rolling over). ## How much of every ₹100 of sales does Indian Hume Pipe Company keep? Indian Hume Pipe Company Ltd's operating margin was 10.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 9.0% and 13.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed +0.5 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Indian Hume Pipe Company's profit turning into cash? Over the last 3 years, 92% of Indian Hume Pipe Company Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹294 Cr of operating cash against ₹141 Cr of profit. After ₹14.0 Cr of spending on assets, ₹280 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Indian Hume Pipe Company's cash go? Indian Hume Pipe Company Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹1,306 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹83.0 Cr on assets over the last 3 years. Averaged over those years that is 2.1% of FY26 revenue a year. Spending on assets: ₹83.0 Cr over the last 3 years, against ₹49.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Indian Hume Pipe Company's P/E ratio, and how does it compare with its own history? Indian Hume Pipe Company Ltd's P/E is 17.4×, near the low end of its own history: it has been lower only 35% of the time. Its usual P/E (the middle reading) is 19.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −74.7% while the price moved −13.8%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +9.8% a year; about +10.5% a year came from earnings growth and about −0.7 percentage points from the multiple (roughly no change); over 10 years the price moved −2.1% a year; about +3.2% a year came from earnings growth and about −5.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Indian Hume Pipe Company business getting better or worse? Indian Hume Pipe Company Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +453.4% at its peak to −73.7% now), while ROCE is still 15.7%. This is based on 12 quarters of 4 measures. Why it matters: slowing from a peak is where good stories often end quietly. ## How much does Indian Hume Pipe Company earn on its capital? Indian Hume Pipe Company Ltd earned a ROCE of 10% in FY26. Its return on capital used (ROIC) is 3.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 10.8% net margin and 0.47× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.8% net margin × 0.47× asset turnover × 1.89× leverage (assets divided by equity) ≈ 9.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.4% − 12.0% = −3.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Indian Hume Pipe Company have too much debt? Indian Hume Pipe Company Ltd has total debt of ₹417 Cr against shareholder equity of ₹1,484 Cr as of Jun 2026, so its debt is 0.28× its equity, which is very little. Year by year, that ratio went from 0.90 in FY22 to 0.28 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Indian Hume Pipe Company shareholding pattern? Domestic institutions cut their stake in Indian Hume Pipe Company Ltd by 1.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.4% of the company. Foreign institutions moved −0.4 points over the same period, to 0.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.8 points over 8 quarters, to 0.4%; Foreign institutions: −0.4 points over 8 quarters, to 0.4%; Promoters: +0.0 points over 8 quarters, to 72.3%. Why the owners changed: domestic institutions drove it (−1.8 points). They reduced their stake. ## How far is Indian Hume Pipe Company from balance-sheet trouble? For Indian Hume Pipe Company Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Indian Hume Pipe Company rank in its industry? 32.9 out of 100, rank 4 of 6 in Cement Products, with 97% of the evidence available. Indian Hume Pipe Company Ltd scores 32.9 out of 100 against the 6 companies it is compared with in Cement Products, ranking 4. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 4.2 + 15 + 13.7 + 0 = 32.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Indian Hume Pipe Company compared with? Indian Hume Pipe Company ranks 4 of 6 Cement Products companies on the 4-Factor Sector Score, with 32.9 out of 100. 1. [Visaka Industries Ltd](https://www.sectoralpha.in/stocks/visaka-industries-ltd) VISAKAIND · losing its lead · Most evidence points up · 80% evidence 71.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.3/35 · Revenue 10.8% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 13.6/25 · ROCE 6.8% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 10.1× · PEG n/a · 0% evidence Relative strength 18.0/20 · Lead over its industry 13.1% · Lead over NIFTY 500 12.2% · 1 year -0.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.3 + 13.6 + 10 + 18 = 71.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ramco Industries Ltd](https://www.sectoralpha.in/stocks/ramco-industries-ltd) RAMCOIND · quiet · Most evidence points up · 82% evidence 68.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 13.4% · Profit 57.7% · Operating margin change 4 points · 100% evidence Capital efficiency 12.8/25 · ROCE 4.6% · Operating margin 17% · 100% evidence Valuation 17.2/20 · P/E 7.8× · PEG 0.24 · 85% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.5% · 1 year -19.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 28.9 + 12.8 + 17.2 + 9.6 = 68.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [GPT Infraprojects Ltd](https://www.sectoralpha.in/stocks/gpt-infraprojects-ltd) GPTINFRA · turning · Most evidence points up · 79% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue 1.6% · Profit 14.5% · Operating margin change 4 points · 95% evidence Capital efficiency 20.7/25 · ROCE 21.4% · Operating margin 16% · 76% evidence Valuation 9.9/20 · P/E 14.4× · PEG n/a · 35% evidence Relative strength 18.0/20 · Lead over its industry 4.1% · Lead over NIFTY 500 3.8% · 1 year 5.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.3 + 20.7 + 9.9 + 18 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Indian Hume Pipe Company Ltd this page INDIANHUME · quiet · Most evidence points down · 97% evidence 32.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.2/35 · Revenue -9.3% · Profit -73.7% · Operating margin change -1 points · 100% evidence Capital efficiency 15.0/25 · ROCE 9.5% · Operating margin 10% · 100% evidence Valuation 13.7/20 · P/E 16.7× · PEG 1.08 · 85% evidence Relative strength 0.0/20 · Lead over its industry -12.3% · Lead over NIFTY 500 -12.6% · 1 year -17.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 4.2 + 15 + 13.7 + 0 = 32.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [BirlaNu Ltd](https://www.sectoralpha.in/stocks/birlanu-ltd) BIRLANU · losing its lead · Most evidence points down · 71% evidence 31.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 8.2% · Profit -80% · Operating margin change 2.4 points · 74% evidence Capital efficiency 1.4/25 · ROCE -4.3% · Operating margin 6.2% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.8/20 · Lead over its industry -11.4% · Lead over NIFTY 500 -11.5% · 1 year -35.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 13.3 + 1.4 + 10 + 6.8 = 31.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Sanghi Industries Ltd](https://www.sectoralpha.in/stocks/sanghi-industries-ltd) SANGHIIND · Too little evidence to rank firmly · 33% evidence 39.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/43.75 · Revenue 24.1% · Profit -5.7% · Operating margin change -4 points · 42% evidence Capital efficiency 6.8/31.25 · ROCE -3.9% · Operating margin 8% · 75% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.9 + 6.8 + 12.5 = 39.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement Products](https://www.sectoralpha.in/sectors/cement-products), all 6 compared on one page. ## Which companies are close to Indian Hume Pipe Company in size? Indian Hume Pipe Company is the 2nd largest of 6 Cement Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Ramco Industries. Just below it: GPT Infraprojects, Sanghi Industries, BirlaNu and Visaka Industries. ### Cement Products companies close in size

1. [Ramco Industries Ltd](https://www.sectoralpha.in/stocks/ramco-industries-ltd) ₹2,464 crore
2. Indian Hume Pipe Company Ltd ₹1,563 crore
3. [GPT Infraprojects Ltd](https://www.sectoralpha.in/stocks/gpt-infraprojects-ltd) ₹1,418 crore
4. [Sanghi Industries Ltd](https://www.sectoralpha.in/stocks/sanghi-industries-ltd) ₹1,289 crore
5. [BirlaNu Ltd](https://www.sectoralpha.in/stocks/birlanu-ltd) ₹938 crore
6. [Visaka Industries Ltd](https://www.sectoralpha.in/stocks/visaka-industries-ltd) ₹687 crore

[All 6 Cement Products companies, largest first](https://www.sectoralpha.in/sectors/cement-products#all-companies)

### Companies close in size in other industries

1. [Huhtamaki India Ltd](https://www.sectoralpha.in/stocks/huhtamaki-india-ltd) ₹1,564 crore · Packaging - FMCG/Consumers
2. [Turtlemint Fintech Solutions Ltd](https://www.sectoralpha.in/stocks/turtlemint-fintech-solutions-ltd) ₹1,564 crore
3. Indian Hume Pipe Company Ltd ₹1,563 crore
4. [NGL Fine Chem Ltd](https://www.sectoralpha.in/stocks/ngl-fine-chem-ltd) ₹1,561 crore · Pharma - Animal
5. [EMS Ltd](https://www.sectoralpha.in/stocks/ems-ltd) ₹1,560 crore · Infra - Engineering - General

## What else do people ask about Indian Hume Pipe Company? ### What is Indian Hume Pipe Company's share price today? Indian Hume Pipe Company Ltd's share price is ₹308.65, −13.8% over the past year. The whole company is worth ₹1,624 Cr on the market. In the last 52 weeks it traded between ₹286 to ₹424; today it is 16% of the way up from the low, 13.3% below its 200-day average (as of 3 November 2026). ### What were Indian Hume Pipe Company's latest quarterly results? Indian Hume Pipe Company Ltd reported revenue of ₹303 Cr and net profit of ₹24.0 Cr for the Jun 2026 quarter. Revenue fell 1.3% and profit rose 9.1% compared with a year earlier. Earnings per share were ₹4.47 (as of 3 November 2026). ### What is Indian Hume Pipe Company's market cap? Indian Hume Pipe Company Ltd's market capitalisation is ₹1,624 Cr at a share price of ₹308.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Indian Hume Pipe Company performing? Indian Hume Pipe Company Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue fell 1.3% and profit rose 9.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will Indian Hume Pipe Company's share price go up? This page does not forecast Indian Hume Pipe Company Ltd's share price. What it shows instead: the share price is ₹308.65, and it has been falling for 1 weeks. Its P/E of 17.4× is higher than 35% of its own last 11 years (as of 3 November 2026). ### Who owns Indian Hume Pipe Company? Promoters own 72.3% of Indian Hume Pipe Company Ltd, foreign institutions 0.4%, domestic institutions 0.4% and the public 26.8% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.8 percentage points over 8 quarters (as of 3 November 2026). ### Does Indian Hume Pipe Company have too much debt? No, Indian Hume Pipe Company Ltd has little debt: its debt is 0.28× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹417 Cr against equity of ₹1,485 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Indian Hume Pipe Company in its business cycle? Indian Hume Pipe Company Ltd's FY26 operating margin was 12.0%, against a 13-year range of 9.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Indian Hume Pipe Company story? The main question: the share price moved −13.8% in a year while yearly earnings per share moved −74.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Indian Hume Pipe Company a stock worth studying right now? What the numbers show: Indian Hume Pipe Company Ltd's P/E is near the low end of its own history, higher than only 35% of past readings, and its quarterly results are still getting worse. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.