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Trades about 70% below its sector, cheaper than its peers on earnings.
The Indian Hume Pipe Company Limited operates as an Indian construction contractor, primarily focusing on the manufacturing, installation, and connection of various pipeline systems. The company plays a crucial role in vital infrastructure projects, including the development of drinking water and irrigation supply networks, as well as establishing sewer and drainage pipelines for urban areas. Additionally, it provides specialized penstock pipes for hydroelectric power generation. Its diverse product offerings include a range of pipes such as prestressed concrete (PCC), prestressed concrete cylinder (PCCP), bar wrapped steel cylinder, steel, reinforced cement concrete (RCC), and penstock pipes. The company also produces prestressed concrete monoblock sleepers for railway applications. Beyond pipeline-centric activities, it undertakes other significant civil engineering endeavors, including tunnel lining and the construction of headworks, encompassing pumping machinery, water treatment facilities, elevated storage tanks, and various associated civil structures. The company is also involved in land development. Established in 1926 and headquartered in Mumbai, India, The Indian Hume Pipe Company Limited functions as a subsidiary of IHP Finvest Ltd.
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