Capital Market Telefolio Plus - Indian Hume Pipe

The company will benefit from large investments being made in improving the country's water infrastructure

In FY 2007, we expect the company to register sales and net profit 362.66 crore and Rs 18.96 crore respectively. On a tiny equity of Rs 4.84 crore (70% held by promoters) and face value of Rs 10 per share, EPS works out to Rs 39.2. Book Value will cross Rs 265. The share price trades at Rs 375. P/E works out to just 9.6.