Indian Hume Pipe Co (BOM:504741) Piotroski F-Score: 7 (As of Jul. 06, 2026) — Near Median


BOM:504741 Indian Hume Pipe Co Ltd BOM:504741
69 GF Score
Price ₹349.10
GF Value ₹329.08
Valuation Fairly Valued
! 5 Warning Signs
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What is Indian Hume Pipe Co Piotroski F-Score?

Indian Hume Pipe Co BOM:504741 +4.61% 69 Piotroski F-Score is 7 as of Jul. 06, 2026, which is at its 10-year median of 7.00. GuruFocus rates BOM:504741 with a GF Score™ of 69/100 and a GF Value™ of ₹329.08 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,733 Construction companies, Indian Hume Pipe Co ranks better than 89.38% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Indian Hume Pipe Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Indian Hume Pipe Co's Piotroski F-Score or its related term are showing as below:

BOM:504741' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Indian Hume Pipe Co was 7. The lowest was 3. And the median was 7.

Indian Hume Pipe Co  (BOM:504741) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Indian Hume Pipe Co Piotroski F-Score Related Terms


Indian Hume Pipe Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Indian Hume Pipe Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Hume Pipe Co Piotroski F-Score Chart

Indian Hume Pipe Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 7.00 7.00

Indian Hume Pipe Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 0.00 0.00 7.00

BOM:504741 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Indian Hume Pipe Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indian Hume Pipe Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Indian Hume Pipe Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Indian Hume Pipe Co's Piotroski F-Score falls into.


BOM:504741
69GF Score
Indian Hume Pipe Co Ltd BOM:504741
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹1,411 Mil.
Cash Flow from Operations was ₹2,937 Mil.
Revenue was ₹13,056 Mil.
Gross Profit was ₹3,064 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (27364.04 + 28037.8) / 2 = ₹27700.92 Mil.
Total Assets at the begining of this year (Mar25) was ₹27,364 Mil.
Long-Term Debt & Capital Lease Obligation was ₹45 Mil.
Total Current Assets was ₹24,929 Mil.
Total Current Liabilities was ₹12,295 Mil.
Net Income was ₹5,581 Mil.

Revenue was ₹14,912 Mil.
Gross Profit was ₹3,422 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (20809.789 + 27364.04) / 2 = ₹24086.9145 Mil.
Total Assets at the begining of last year (Mar24) was ₹20,810 Mil.
Long-Term Debt & Capital Lease Obligation was ₹70 Mil.
Total Current Assets was ₹24,624 Mil.
Total Current Liabilities was ₹12,825 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Indian Hume Pipe Co's current Net Income (TTM) was 1,411. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Indian Hume Pipe Co's current Cash Flow from Operations (TTM) was 2,937. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=1411.106/27364.04
=0.0515679

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5580.524/20809.789
=0.26816822

Indian Hume Pipe Co's return on assets of this year was 0.0515679. Indian Hume Pipe Co's return on assets of last year was 0.26816822. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Indian Hume Pipe Co's current Net Income (TTM) was 1,411. Indian Hume Pipe Co's current Cash Flow from Operations (TTM) was 2,937. ==> 2,937 > 1,411 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=45.299/27700.92
=0.00163529

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=70.363/24086.9145
=0.00292121

Indian Hume Pipe Co's gearing of this year was 0.00163529. Indian Hume Pipe Co's gearing of last year was 0.00292121. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=24929.262/12295.224
=2.02755655

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=24623.757/12824.997
=1.9199815

Indian Hume Pipe Co's current ratio of this year was 2.02755655. Indian Hume Pipe Co's current ratio of last year was 1.9199815. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Indian Hume Pipe Co's number of shares in issue this year was 52.673. Indian Hume Pipe Co's number of shares in issue last year was 52.681. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=3064.333/13055.683
=0.23471258

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3421.957/14912.314
=0.2294719

Indian Hume Pipe Co's gross margin of this year was 0.23471258. Indian Hume Pipe Co's gross margin of last year was 0.2294719. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=13055.683/27364.04
=0.47711095

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=14912.314/20809.789
=0.71660092

Indian Hume Pipe Co's asset turnover of this year was 0.47711095. Indian Hume Pipe Co's asset turnover of last year was 0.71660092. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Indian Hume Pipe Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Indian Hume Pipe Co (BOM:504741) has a Piotroski F-Score of 7 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Indian Hume Pipe Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Indian Hume Pipe Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Indian Hume Pipe Co ranks #184 out of 1733 companies in the Construction industry, placing it in the top 10.6%.
Is Indian Hume Pipe Co's Piotroski F-Score too high?
Indian Hume Pipe Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Indian Hume Pipe Co's value of 7 is 40% above this industry median. Based on the distribution chart, Indian Hume Pipe Co ranks #184 out of 1733 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Hume Pipe Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Hume Pipe Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Indian Hume Pipe Co ranks #184 out of 1733 companies for Piotroski F-Score. This places Indian Hume Pipe Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Indian Hume Pipe Co's value of 7 is 40% above this benchmark. Historically, Indian Hume Pipe Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Indian Hume Pipe Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,733 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Hume Pipe Co's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Indian Hume Pipe Co and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Hume Pipe Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Hume Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Indian Hume Pipe Co (BOM:504741) is currently considered Fairly Valued. The stock's GF Value™ is ₹329.08, compared to a current price of ₹349.10 — trading 6.1% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. Indian Hume Pipe Co's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Indian Hume Pipe Co (BOM:504741), the current Piotroski F-Score is 7 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indian Hume Pipe Co (BOM:504741) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Hume Pipe Co stock appears to be overvalued. The current stock price of ₹349.10 is trading 6.1% above its estimated GF Value™ of ₹329.08. GuruFocus considers Indian Hume Pipe Co to be Fairly Valued.

Key valuation signals for BOM:504741:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: ₹329.08 vs. price of ₹349.10 (6.1% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 40% above the Construction median (#184 of 1733)

No single metric tells the full story. See the BOM:504741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Hume Pipe Co Business Description

Other Exchanges INDIANHUME:India
Address 5, Walchand Hirachand Road, Construction House, 2nd Floor, Ballard Estate, Mumbai, MH, IND, 400 001
Indian Hume Pipe Co Ltd manufactures and markets Hume Pipes and allied products. The company is engaged in the business of manufacturing, laying, and jointing pipelines. The company also undertakes infrastructure development programs by way of execution on a turnkey basis for the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways. The segments of the company are Construction and Land Development. The company generates maximum revenue from the Construction segment.
69GF Score

Get the complete analysis for BOM:504741

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹349.10
Price
₹329.08
GF Value