INDIAN HUME PIPE CO. LTD.

Executes water supply, irrigation, and sanitation infrastructure projects and manufactures pipes, primarily for government clients across India. All FY26 revenue of Rs 1,305.57 crore came from the construction segment, which covers EPC contracts under schemes such as Jal Jeevan Mission and Bhagiratha, plus manufactured pipe sales that grew 28% year-on-year. Operations span 16 plants and 21 offices across 13 states, staffed by 1,027 employees and 457 workers. The order book stood at Rs 4,118.97 crore, anchored by long-duration contracts that include operations and maintenance — for example, a Rs 738.61 crore Letter of Acceptance from PHED Rajasthan covers design, build and 10 years of O&M of a Narmada-based water supply scheme for 275 villages in Barmer district under the JICA-funded Phase II programme. Costs are dominated by other operating expenses at 67.7% of revenue, with materials at 12.5% and employee costs at 8.8%. The real estate segment had no revenue and only a marginal negative EBIT, while FY26 results also included a Rs 64.33 crore exceptional gain from sale of Hyderabad land. The company has been operating for 100 years and is holding its 100th AGM in August 2026.