Honda India Power Products Ltd
Honda India Power Products Ltd is engaged in manufacturing and marketing of portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters and tillers.[1]
In July 2020, the company changed its name from 'Honda Siel power Products Ltd' to 'Honda India Power Products Ltd'.[2]
- Market Cap ₹ 2,943 Cr.
- Current Price ₹ 2,902
- High / Low ₹ 4,500 / 1,815
- Stock P/E 36.8
- Book Value ₹ 851
- Dividend Yield 0.60 %
- ROCE 12.9 %
- ROE 9.54 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- The company has delivered a poor sales growth of -1.32% over past five years.
- Company has a low return on equity of 11.5% over last 3 years.
- Earnings include an other income of Rs.42.3 Cr.
- Debtor days have increased from 31.2 to 54.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
541 | 631 | 673 | 702 | 768 | 816 | 849 | 939 | 1,156 | 1,246 | 989 | 794 | |
490 | 560 | 584 | 606 | 665 | 725 | 756 | 866 | 1,054 | 1,111 | 890 | 707 | |
Operating Profit | 52 | 70 | 88 | 96 | 103 | 91 | 93 | 73 | 103 | 135 | 99 | 88 |
OPM % | 10% | 11% | 13% | 14% | 13% | 11% | 11% | 8% | 9% | 11% | 10% | 11% |
-5 | 11 | 11 | 16 | 15 | 14 | 20 | 15 | 17 | 2 | 45 | 42 | |
Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
Depreciation | 18 | 21 | 24 | 23 | 23 | 21 | 22 | 20 | 19 | 21 | 20 | 22 |
Profit before tax | 29 | 59 | 75 | 88 | 94 | 83 | 90 | 66 | 100 | 115 | 124 | 108 |
Tax % | 35% | 34% | 35% | 34% | 35% | 35% | 26% | 26% | 26% | 26% | 25% | 26% |
19 | 39 | 49 | 58 | 61 | 54 | 67 | 49 | 75 | 85 | 92 | 80 | |
EPS in Rs | 18.52 | 38.08 | 48.14 | 56.96 | 60.54 | 53.39 | 65.58 | 47.98 | 73.48 | 83.89 | 90.91 | 78.81 |
Dividend Payout % | 22% | 16% | 12% | 13% | 15% | 19% | 19% | 21% | 20% | 20% | 19% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | -1% |
3 Years: | -12% |
TTM: | -20% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 28% |
3 Years: | 24% |
1 Year: | 9% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 284 | 315 | 356 | 412 | 464 | 507 | 559 | 595 | 660 | 727 | 802 | 853 |
0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | |
97 | 110 | 113 | 114 | 124 | 141 | 148 | 187 | 194 | 196 | 184 | 184 | |
Total Liabilities | 391 | 435 | 480 | 536 | 599 | 658 | 719 | 794 | 865 | 934 | 997 | 1,048 |
114 | 123 | 112 | 107 | 101 | 95 | 98 | 91 | 87 | 91 | 98 | 108 | |
CWIP | 1 | 0 | 0 | 0 | 1 | 3 | 2 | 2 | 13 | 9 | 7 | 6 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
275 | 312 | 367 | 429 | 497 | 560 | 619 | 700 | 765 | 833 | 892 | 933 | |
Total Assets | 391 | 435 | 480 | 536 | 599 | 658 | 719 | 794 | 865 | 934 | 997 | 1,048 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 43 | 101 | 40 | 55 | 21 | -18 | 152 | 37 | 157 | 106 | 22 | |
-13 | -44 | -86 | -14 | -65 | -13 | 47 | -92 | 16 | -148 | -97 | -70 | |
-5 | -5 | -7 | -8 | -9 | -11 | -13 | -14 | -11 | -16 | -18 | -28 | |
Net Cash Flow | -1 | -5 | 7 | 18 | -20 | -3 | 17 | 46 | 42 | -7 | -9 | -76 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 22 | 18 | 14 | 30 | 28 | 21 | 32 | 28 | 21 | 19 | 54 |
Inventory Days | 124 | 118 | 85 | 108 | 75 | 84 | 156 | 98 | 90 | 83 | 89 | 98 |
Days Payable | 62 | 67 | 57 | 63 | 61 | 61 | 64 | 69 | 59 | 46 | 61 | 67 |
Cash Conversion Cycle | 89 | 73 | 46 | 59 | 44 | 51 | 114 | 61 | 58 | 58 | 47 | 85 |
Working Capital Days | 67 | 60 | 34 | 47 | 53 | 133 | 164 | 110 | 51 | 27 | 20 | 42 |
ROCE % | 13% | 18% | 22% | 22% | 21% | 18% | 16% | 11% | 16% | 19% | 15% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - Newspaper advertisement regarding notice of loss of share certificates
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - Newspaper advertisement regarding publication of Audited Financial Results
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Corporate Action- Record Date Fixed For Dividend
20 May - Record date set as Sept 18, 2025 for final dividend payment, subject to AGM approval.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Annual Secretarial Compliance Report confirms full regulatory compliance, no violations for FY ended March 31, 2025.
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Corporate Action- Record Date Fixed For Dividend
19 May - FY25 audited results approved; final dividend Rs.21.50/share recommended; new auditors appointed.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Product Portfolio
The company offers a range of products, including generators, general-purpose engines, water pumping sets, brush cutters, and tillers. [1]