Company Overview
The Indian Hume Pipe Company Limited (BSE: 504741, NSE: INDIANHUME) filed its Annual Report for FY2025-26 and notice for its 100th Annual General Meeting. The company reported revenue of ₹1,305.57 crore with profit after tax of ₹141.11 crore for FY26, alongside significant corporate developments and environmental disclosures.
Financial Performance & Dividend
FY2025-26 financial results show revenue from operations at ₹1,305.57 crore (previous year: ₹1,491.23 crore) and profit after tax of ₹141.11 crore (previous year: ₹558.05 crore). The Board recommended a total dividend of ₹5 per equity share (250%) comprising normal dividend of ₹2 (100%) and special dividend of ₹3 (150%) to commemorate the company's 100th anniversary. The dividend payment totals ₹26.34 crore payable on or after August 7, 2026.
100th Annual General Meeting
The 100th AGM will be held on August 3, 2026, via video conference. Key agenda items include adoption of financial statements, dividend declaration, re-appointment of Ms. Anima B. Kapadia as Non-Executive Director, and approval of commission payments to Non-Executive Directors for FY2026-27 to FY2030-31. The record date is set for July 17, 2026.
Business Operations & Order Book
The company maintains a strong order book position of ₹4,118.97 crore as of May 6, 2026, executing water supply projects under government schemes like Jal Jeevan Mission and AMRUT. Financial ratios show mixed performance with interest coverage ratio improving to 4.08 (from 3.16) while net profit margin declined to 10.81% (from 37.42%).
Real Estate Development & Property Sale
The company completed the sale of its Hyderabad property (18,311.57 sq. yards) to ASBL Private Limited for ₹173.96 crore, resulting in an exceptional gain of ₹64.33 crore. Real estate development continues through joint agreements in Pune projects: "Dosti Greenscapes" with 683 flats booked (₹557.70 crore value) and "Kalpataru Blossoms" with 188 flats booked (₹368.98 crore value).
Environmental Disclosures
The Business Responsibility and Sustainability Report shows total water discharge of 63,512.32 kilolitres (to groundwater) and greenhouse gas emissions of 946.27 metric tonnes CO2 equivalent for FY26. Waste management data indicates 3,413.08 metric tonnes total waste generated with 3,178.00 metric tonnes re-used. The company reported compliance with all applicable environmental laws.
Audit & Compliance
Auditors K. S. Aiyar & Co. issued an unqualified opinion on the financial statements, identifying revenue recognition on construction contracts as a key audit matter. The company maintains adequate internal financial controls and complied with Companies (Auditor's Report) Order, 2020. Various tax disputes aggregate ₹416.06 crore across assessment years.
Corporate Governance & Shareholding
The Board comprises Executive Directors Rajas R. Doshi (Chairman & MD) and Mayur R. Doshi (Vice-Chairman & Joint MD), along with Non-Executive and Independent Directors. Promoters hold 72.34% of shares as of March 31, 2026. CSR spending totaled ₹1.95 crore focused on health, education, and environment initiatives.
Historical Context
Incorporated in 1926, the company completes 100 years of operations, having transitioned from manufacturer to full-spectrum EPC contractor with turnover growing from ₹88 crore in 1994 to over ₹1,000 crore in FY2014-15. The company has paid dividends every year since 1950-51 without exception.