Indian Hume Pipe Company Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of 5.80 per equity share.
INDIANHUME · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board recommended a total dividend of ₹5.80 per equity share (face value ₹2), comprising a normal dividend of ₹1.80 and a special dividend of ₹4 linked to the sale of company land at Yelahanka, Bengaluru. The company sold ~40,876 sq.m. of freehold land to Godrej SSPDL Green Acres LLP for ₹2,55,900 lakhs, booking an exceptional net gain of ₹54,522 lakhs. FY25 total revenue rose to ₹1,50,017 lakhs (from ₹1,39,725 lakhs in FY24), while net profit jumped to ₹55,805 lakhs (from ₹7,763 lakhs), largely driven by the one-time land sale gain. EPS for FY25 stood at ₹105.93 versus ₹15.00 in FY24. The record date for dividend entitlement has been fixed as July 18, 2025, and the 99th AGM is scheduled for August 15, 2025. Statutory auditors issued an unmodified opinion, and M/s JHR & Associates was appointed as secretarial auditor for five years (FY26–FY30).
The generous dividend, partly funded by a one-time land sale, should be viewed as a special cash return to shareholders rather than a reflection of recurring earnings power. The stock may react positively to the dividend announcement, but investors should note that core construction business results were more modest compared to the headline profit surge.