Honasa Consumer Ltd

Honasa Consumer Ltd

₹ 303 -0.12%
18 Sep 9:53 a.m.
About

Incorporated in 2016, Honasa Consumer Limited (HCL) provides beauty and personal care products through its digital platform.[1]

Key Points

Market Position[1] Honasa is India's largest digital-first beauty and personal care (BPC) company by revenue in FY24. As of CY23, according to Euromonitor, Mamaearth ranks as the third-largest skincare brand in India.[2]

  • Market Cap 9,855 Cr.
  • Current Price 303
  • High / Low 494 / 190
  • Stock P/E 138
  • Book Value 36.9
  • Dividend Yield 0.00 %
  • ROCE 7.44 %
  • ROE 5.51 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 8.22 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 35.0%
  • Earnings include an other income of Rs.81.6 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
387 355 360 426 460 451 427 544 417 471 523 584
356 336 357 395 415 417 398 501 447 447 499 542
Operating Profit 30 19 4 31 46 34 29 42 -30 24 24 42
OPM % 8% 5% 1% 7% 10% 8% 7% 8% -7% 5% 5% 7%
5 5 -146 11 8 11 18 19 19 18 20 23
Interest 2 1 1 1 1 2 3 3 3 3 3 3
Depreciation 4 4 5 5 5 6 8 7 8 10 10 8
Profit before tax 30 19 -148 37 48 37 37 51 -21 30 32 54
Tax % 26% 21% 2% 25% 21% 22% 27% 23% -29% 27% 23% 26%
22 15 -151 28 38 29 27 39 -15 22 25 40
EPS in Rs 1.62 1.11 -11.11 2.03 2.77 0.90 0.82 1.21 -0.46 0.66 0.76 1.23
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
17 110 460 932 1,395 1,764 1,866 1,994
21 541 1,794 916 1,350 1,634 1,812 1,934
Operating Profit -4 -432 -1,334 16 45 130 54 60
OPM % -26% -393% -290% 2% 3% 7% 3% 3%
1 4 12 21 -132 58 76 82
Interest 0 0 1 3 5 7 11 11
Depreciation 0 1 2 6 15 23 36 37
Profit before tax -4 -428 -1,325 28 -107 158 84 94
Tax % 0% 0% 1% 29% 12% 24% 24%
-4 -428 -1,332 20 -121 121 64 71
EPS in Rs -3,431.37 -419,637.25 -1,306,098.04 19,291.26 -8.84 3.73 1.97 2.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 76%
3 Years: 26%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 48%
TTM: -46%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 0.01 0.01 0.01 136 324 325
Reserves 30 -437 -1,765 712 -1,302 800 875
0 593 1,974 0 1,866 110 110
4 25 94 240 249 387 451
Total Liabilities 34 181 303 952 949 1,622 1,761
0 1 21 98 126 170 165
CWIP 0 0 0 2 0 0 0
Investments 26 124 164 532 392 426 459
8 56 118 321 431 1,026 1,137
Total Assets 34 181 303 952 949 1,622 1,761

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-4 -10 30 52 -23 218 78
-23 -117 -21 -518 3 -459 -132
28 129 -1 481 -7 344 -24
Net Cash Flow 0 1 8 15 -27 103 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 57 35 27 25 30 30 24
Inventory Days 86 136 115 83 95 84 106
Days Payable 231 217 221 210 152 184 210
Cash Conversion Cycle -88 -46 -79 -102 -27 -70 -80
Working Capital Days 4 14 -2 -11 12 -9 -14
ROCE % -461% -725% 7% 7% 17% 7%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
35.34% 35.07% 35.07% 34.98% 35.03% 34.99% 34.99%
10.12% 12.22% 13.95% 19.31% 15.44% 15.55% 16.09%
17.58% 15.91% 17.36% 17.49% 18.45% 18.49% 18.90%
36.96% 36.80% 33.62% 28.23% 31.07% 30.97% 30.02%
No. of Shareholders 53,18651,09544,82465,72494,58592,00881,090

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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