Small Cap Industrial Products Stock Bags Rs 858.88 Cr Order, Shares Jump 119% In 2024

Small cap company operating in Industrial Products industry, Indian Hume Pipe Co. Ltd today bagged order worth 858.88 crore from Tapi Irrigation Development Corporation Jalgaon. Current market price of Indian Hume Pipe shares on BSE is Rs 538.05 per share. Indian Hume Pipe Co. Ltd. shares surged 72% in last 3-months and gained 119% so far in 2024. The company has a market capitalisation of Rs 2834.54 crore. Check key details below:

Indian Hume Pipe Co Ltd. Receives Order, Shares To Be In Focus On September 2: As per the BSE filing of Indian Hume Pipe dated August 31, 2024, "the Company has received Letter of Intent with order value of Rs. 858.88 Crores (excluding Royalty, Insurance, GST, Land acquisition and crop compensation) from Tapi Irrigation Development Corporation Jalgaon (Dhule Irrigation Project Circle), Maharashtra for execution of work on Engineering, Procurement and Construction (EPC), Trial, Testing, Commissioning of Gravity Piped Distribution Network to irrigate 26907 Ha. Command area of Jamphal Dam under Sulwade Jamphal Kanoli Lift Irrigation project Tal. Shindkheda, Dist. Dhule including Operation and Maintenance of entire system for five years."

Indian Hume Pipe Shares Performance: The 52-week high price of Indian Hume Pipe Co shares on BSE is Rs 572.60 apiece (as on 26/08/2024) and 52-week low price is Rs 211.90 per share (as on 26/10/2023), respectively. Indian Hume Pipe shares surged 83% in last 6-months, rose 91% in last 1-year, and gained 204% in last 2-years.

Indian Hume Pipe Financials: As per company's BSE filing company of Indian Hume dated Aug 8, "The Indian Hume Pipe Company Ltd (IHP) reported a total income of Rs 365.61 Crores, for the 15t quarter of the financial year 2024-25 as against Rs 349.55 Crores, in the corresponding quarter of the previous year. The Company has reported an EBIDTA of Rs 59.57 Crores and a Net Profit of Rs 31.16 Crores as against Rs 31,70 Crores and Rs 8.51 Crores reported respectively in the corresponding quarter of the previous year."

Order Book: The estimated balance value of the work as at 31st July, 2024 is Rs 3454.46 Crores as against Rs 2878.44 Crores as at 31st July, 2023. The Company is Ll in one project having value of Rs 858.88 Crores.

About: The Indian Hume Pipe Co. Ltd. (IHP) came into existence in 1926 with the goal of manufacturing, popularizing and marketing Hume Pipes and allied products. Over a period of time the company has developed Prestressed Concrete Pipes (Non-Cylinder), Prestressed Concrete Cylinder Pipes, Bar Wrapped Steel Cylinder Pipes, Hume Steel Pipes, Welded Steel Penstocks, Prestressed Concrete Railway Sleepers and specialized in execution of Turnkey Water Supply and Sewerage Projects, according to its official website.

Disclaimer: The stock highlights the order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.