The Indian Hume Pipe Company Limited (INDIANHUME.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+65.8%

₹510.62

vs ₹308.00 price

Levered DCF

₹356.43

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.51×	3.46×	18.57×	10.55×	14.95×	19.82×	7.91×	16.71×
P/B	1×	1.4×	1.74×	0.85×	1.33×	1.38×	1.02×	2.78×
P/S	1.14×	1.3×	1.04×	0.38×	0.57×	0.67×	0.36×	0.88×
EV / EBITDA	9.82×	2.63×	11.03×	8.17×	9.78×	9.62×	6.71×	10.16×
Gross margin	13.2%	14.8%	21.7%	16.6%	17.4%	18.0%	19.8%	19.8%
Operating margin	9.6%	11.6%	11.5%	7.8%	8.8%	8.2%	10.2%	10.9%
Net margin	10.8%	37.4%	5.6%	3.6%	3.8%	3.4%	4.5%	5.2%
Current ratio	2.03×	1.92×	1.54×	1.34×	1.33×	1.33×	1.25×	1.27×
Debt / equity	0.28×	0.33×	0.62×	0.91×	0.9×	0.93×	1.18×	0.91×
Interest coverage	2.66×	2.78×	2.5×	1.76×	2.27×	1.5×	2.16×	3.35×
Dividend yield	2.1%	0.4%	0.4%	1.7%	1.1%	1.2%	3.6%	1.4%
Payout ratio	21.6%	1.4%	7.0%	17.4%	16.8%	23.0%	28.5%	23.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.5%	40.5%	9.4%	8.0%	8.9%	7.0%	12.9%	16.6%
Return on invested capital	4.8%	7.6%	8.5%	6.7%	7.6%	6.1%	9.2%	11.2%
Return on assets	5.0%	20.4%	3.7%	2.6%	2.9%	2.2%	3.6%	4.8%
Free cash flow yield	10.5%	7.7%	14.4%	2.9%	5.9%	21.7%	-13.4%	-3.2%
Earnings yield	9.5%	28.9%	5.4%	9.5%	6.7%	5.0%	12.6%	6.0%
Enterprise value	₹14.3B	₹19.5B	₹19.5B	₹12.2B	₹14.5B	₹13.9B	₹12.3B	₹19.1B
Net debt / EBITDA	-0.36×	0.02×	2.88×	4.24×	3.95×	3.86×	3.56×	2.47×
Cash conversion cycle (days)	67	67	263	239	202	246	187	170