About the Company
IHP Finvest Limited is an Indian unlisted financial and investment company incorporated in 1996 and headquartered in Mumbai. The company is engaged in investment and lending activities and acts as the holding company of The Indian Hume Pipe Company Limited, a listed infrastructure company. (ZaubaCorp)
IHP Finvest holds approximately 67.58% of The Indian Hume Pipe Company Limited, making its investment in Indian Hume Pipe the key asset and value driver for the company. (India Hume Pipe)
Key Highlights
- Unlisted Investment & Lending Company
- Founded in 1996
- Headquartered in Mumbai
- Engaged in investment and lending activities
- Holds 67.58% stake in The Indian Hume Pipe Company
- Indian Hume Pipe is a listed infrastructure company
- Strong underlying asset value
- FY25 consolidated profit of approximately ₹379.6 Cr
- FY25 consolidated net worth of approximately ₹937.6 Cr
- FY25 consolidated total income of approximately ₹1,503 Cr
- Promoter-controlled investment structure
- Unlisted shares with limited liquidity
- ISIN: INE007Y01017 (3A Deal)
Business Model
IHP Finvest primarily operates through investment and lending activities.
Key Business Areas
Investment Activities: The company invests in securities and strategic holdings, with its most significant investment being its stake in Indian Hume Pipe.
Holding Company: IHP Finvest owns approximately 67.58% of The Indian Hume Pipe Company Limited, providing shareholders indirect exposure to the listed infrastructure business. (Trendlyne.com)
Lending Activities: The company also undertakes lending and financial investment activities as part of its business.
Investment Income: Returns are generated through dividends, interest, gains from investments and the appreciation of its underlying holdings.
Major Asset – The Indian Hume Pipe Company
The key investment of IHP Finvest is The Indian Hume Pipe Company Limited, which operates in the infrastructure sector.
Indian Hume Pipe is involved in:
- Water-supply projects
- Irrigation
- Hydro-electric projects
- Sewerage and sanitation
- Pipeline manufacturing
- Infrastructure projects
IHP Finvest’s 67.58% ownership makes the value and performance of Indian Hume Pipe particularly important for IHP Finvest investors. (Trendlyne.com)
Financial Snapshot
Consolidated Financials
| Particulars | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | ₹1,781.48 Cr | ₹1,451.39 Cr | ₹1,502.97 Cr |
| Profit After Tax | ₹44.26 Cr | ₹53.21 Cr | ₹379.59 Cr |
| Net Worth | ₹514.44 Cr | ₹563.09 Cr | ₹937.55 Cr |
| Book Value/Share | ₹9,028.68 | ₹9,878.77 | ₹16,448.24 |
| EPS | ₹776.49 | ₹933.50 | ₹6,659.47 |
FY25 saw a significant improvement in consolidated profitability, with profit increasing to approximately ₹379.6 Cr and net worth rising to approximately ₹937.6 Cr. (3A Deal)
Standalone Financials
| Particulars | FY24 | FY25 |
|---|---|---|
| Revenue from Operations | ₹57.80 Cr | ₹8.76 Cr |
| Other Income | ₹1.34 Cr | ₹1.34 Cr |
| Total Income | ₹59.14 Cr | ₹10.10 Cr |
| Profit Before Tax | ₹4.58 Cr | ₹8.58 Cr |
| Profit After Tax | ₹4.38 Cr | ₹8.43 Cr |
The difference between standalone and consolidated results is important because the company’s value is largely linked to its investments and subsidiary structure. (Wealth Wisdom)
Shareholding Pattern
IHP Finvest Limited – FY25
| Category | Shares | Holding |
|---|---|---|
| Promoters | 5,32,590 | 93.47% |
| Public Shareholders | 37,192 | 6.53% |
| Total | 5,69,782 | 100% |
IHP Finvest has a highly concentrated promoter holding, with promoters owning approximately 93.47% of the company. (Wealth Wisdom)
Key Ownership Structure
IHP Finvest Limited → 67.58% → Indian Hume Pipe Company Limited
This makes IHP Finvest an indirect way of participating in the value of Indian Hume Pipe along with its other investments and financial assets.
Valuation & Market Position
IHP Finvest is an unlisted company, so there is no NSE/BSE market price.
Recent unlisted-market indications have been around ₹3,595 per share, although prices can vary considerably based on availability and transaction size. Planify reported ₹3,595 as of 23 August 2026, while other platforms have shown different indicative prices.
With only 5.70 lakh shares outstanding, the unlisted share price can appear very high on a per-share basis.
The important valuation metric for IHP Finvest is therefore not simply the share price but:
Value of Indian Hume Pipe stake + other investments/assets + cash − liabilities
This makes Net Asset Value (NAV) an important metric when evaluating the company.
Investment Rationale
- Large Listed Asset – 67.58% stake in Indian Hume Pipe
- Strong Asset Value – Significant underlying investment portfolio
- Strong FY25 Profit Growth – Consolidated PAT increased sharply
- High Net Worth – FY25 consolidated net worth of ~₹938 Cr
- Promoter Ownership – ~93.47% promoter holding
- Potential Value Unlocking – Future monetisation/revaluation of investments could benefit shareholders
- Infrastructure Exposure – Indirect exposure to India’s water and infrastructure sector
- High Book Value – FY25 consolidated book value reported at ~₹16,448/share
Risk Factors
| Positives | Key Concerns |
|---|---|
| 67.58% stake in Indian Hume Pipe | Unlisted valuation can be difficult to assess |
| Strong underlying asset value | Limited liquidity |
| Strong FY25 consolidated profit | Highly concentrated ownership |
| High book value | Value depends heavily on underlying investments |
| 93.47% promoter holding | Standalone operating income is relatively low |
| Long operating history | Investment/holding-company discount may apply |
| Potential value unlocking | Share price can differ significantly from NAV |
Share Details
Company: IHP Finvest Limited
Status: Public / Unlisted
Industry: Investment & Finance
Headquarters: Mumbai, Maharashtra
Founded: 1996
CIN: U65920MH1996PLC103184
ISIN: INE007Y01017
Face Value: ₹10
Paid-up Shares: 5.70 Lakh
Promoter Holding: ~93.47%
Major Investment: 67.58% of Indian Hume Pipe Company
Latest FY25 Consolidated Net Worth: ~₹937.55 Cr
FY25 Consolidated PAT: ~₹379.59 Cr
Indicative Unlisted Price: ~₹3,595/share*
Listing: Not listed on NSE/BSE
Liquidity: Limited (3A Deal)
*Indicative secondary-market price; actual transaction price may vary.
How to Invest
Investors should verify the latest available price, share availability, ISIN, shareholding, valuation and transaction terms before purchasing IHP Finvest unlisted shares.
For IHP Finvest, investors should particularly evaluate the company’s NAV and underlying investment value, rather than looking only at the per-share price.
Implied Market Value = Share Price × 5,69,782 Shares
Investment View
IHP Finvest – Asset-Rich Investment Holding Company | High Value-Unlock Potential
IHP Finvest is different from conventional operating companies. The core investment thesis is primarily based on the value of its investments, particularly its 67.58% holding in The Indian Hume Pipe Company Limited.
The key opportunity is:
Strong Asset Base → Indian Hume Pipe Value → Earnings/Dividends → Potential Value Unlocking
The company’s FY25 consolidated numbers showed a significant improvement, with ₹379.6 Cr profit and ₹937.6 Cr net worth.
However, investors should carefully compare the unlisted market price with the company’s NAV and the market value of its underlying investments before investing.
Overall: An asset-backed unlisted opportunity with significant exposure to a listed infrastructure company, but valuation, liquidity and holding-company discount remain important considerations.
Disclaimer
The information provided is based on publicly available company, financial and regulatory information and is intended for informational purposes only.
Unlisted shares involve risks including limited liquidity, valuation uncertainty, price volatility, transfer restrictions, concentration risk and potential loss of capital. Investors should conduct independent due diligence before investing.
For such more unlisited stocks visit https://unlistedcart.com/unlisted-shares/
