Indian Hume Pipe Company Limited (IHP) has announced a special dividend of Rs 3.00 per equity share. The ex-date for this dividend is July 17, 2026. Shareholders who own shares before this date will be eligible for the payout.
The company made this announcement on May 15, 2026. It aims to reward shareholders beyond its regular dividend. On July 16, 2026, shares traded flat at Rs 414.30, unchanged from the previous close.
Indian Hume Pipe has a market capitalization of about ₹2,182.61 crore. It is a key player in the cement products and building materials sector. The special dividend is separate from the annual dividend for FY26.
For the financial year ending March 2026, the company had declared a dividend of Rs 5.00 per share. Earlier, it paid Rs 5.80 per share for FY25, Rs 1.50 for FY24, Rs 1.00 for FY23, and Rs 2.00 for FY22. The special dividend adds to this history of returns.
The company’s standalone sales for FY26 were ₹1,305 crore, down 12.5% from ₹1,491 crore in FY25. Net profit fell 74.7% to ₹141 crore from ₹558 crore. Despite lower profits, the decision to issue a special dividend may reflect strong cash reserves or one-time gains.
As of March 2026, the standalone book value per share was Rs 281.76. The price-to-earnings (P/E) ratio stood at 10.51 times. Return on Net Worth (RoNW) was 9.50%. These metrics help investors assess the company’s financial health.
The stock trades at Rs 414.30, showing a neutral market reaction. However, consistent dividends and special payouts often attract long-term investors seeking income. The ex-date tomorrow makes this announcement immediately relevant for shareholders.