Multibagger stock engaged in the business of construction and maintenance of projects related to water supply, sanitation and many more, jumped 4 percent in the day’s upon receiving six orders worth Rs. 241.99 Crores from the Bangalore Water Supply and Sewerage Board.
With a market capitalization of Rs. 1,458 Crores, the shares of Indian Hume Pipe Company Limited closed at Rs. 276.85, up 1.15 percent from its previous day’s close price of Rs. 273.70. It has delivered multibagger returns of 123 percent in a year.
Indian Hume Pipe Company Limited has received six Letter of Acceptances worth Rs. 241.99 Crores from the Bangalore Water Supply and Sewerage Board, Bangalore, Karnataka, for providing & laying sewerage line and pipeline, providing water supply facilities for new areas coming under the BBMP jurisdiction. The said order is to be executed within 24 months.
In addition to this recently it had received an order worth Rs. 1,137 Crores from the Public Health and Municipal Engineering Department, Government of Telangana, for the Water Supply Projects & Sewerage Projects.
Indian Hume Pipe Company Limited is engaged in the business of construction and maintenance of projects related to water supply, sanitation, pipe manufacturing, sewerage systems and many more.
Its revenue from operations grew by 1.48 percent from Rs. 1,520 Crores in FY22 to Rs. 1,543 Crores in FY23, accompanied by profits of Rs. 58 Crores to Rs. 56 Crores.
It has reported a return on equity (ROE) of 8.26 percent and a return on capital employed (ROCE) of 11.6 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
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