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 ₹ 2,794 Cr.
- Current Price ₹ 2,756
- High / Low ₹ 4,500 / 1,815
- Stock P/E 38.1
- Book Value ₹ 851
- Dividend Yield 3.63 %
- ROCE 12.8 %
- ROE 9.47 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.63%.
- Company has been maintaining a healthy dividend payout of 22.1%
Cons
- The company has delivered a poor sales growth of -1.32% over past five years.
- Company has a low return on equity of 11.4% over last 3 years.
- Earnings include an other income of Rs.41.5 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
541 | 631 | 673 | 702 | 768 | 816 | 849 | 939 | 1,156 | 1,246 | 989 | 794 | 805 | |
490 | 560 | 584 | 606 | 665 | 725 | 756 | 866 | 1,054 | 1,111 | 890 | 706 | 725 | |
Operating Profit | 52 | 70 | 88 | 96 | 103 | 91 | 93 | 73 | 103 | 135 | 99 | 88 | 80 |
OPM % | 10% | 11% | 13% | 14% | 13% | 11% | 11% | 8% | 9% | 11% | 10% | 11% | 10% |
-5 | 11 | 11 | 16 | 15 | 14 | 20 | 15 | 17 | 2 | 45 | 42 | 41 | |
Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
Depreciation | 18 | 21 | 24 | 23 | 23 | 21 | 22 | 20 | 19 | 21 | 20 | 22 | 22 |
Profit before tax | 29 | 59 | 75 | 88 | 94 | 83 | 90 | 66 | 100 | 115 | 124 | 108 | 99 |
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 | 73 | |
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 | 72.24 |
Dividend Payout % | 22% | 16% | 12% | 13% | 15% | 19% | 19% | 21% | 20% | 20% | 19% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | -1% |
3 Years: | -12% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 22% |
3 Years: | 22% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 9% |
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 | 194 | |
Total Liabilities | 391 | 435 | 480 | 536 | 599 | 658 | 719 | 794 | 865 | 934 | 997 | 1,058 |
114 | 123 | 112 | 107 | 101 | 95 | 98 | 91 | 87 | 91 | 98 | 107 | |
CWIP | 1 | 0 | 0 | 0 | 1 | 3 | 2 | 2 | 13 | 9 | 7 | 8 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
275 | 312 | 367 | 429 | 497 | 560 | 619 | 700 | 765 | 833 | 892 | 943 | |
Total Assets | 391 | 435 | 480 | 536 | 599 | 658 | 719 | 794 | 865 | 934 | 997 | 1,058 |
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 | -69 | |
-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 | -75 |
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 | 106 |
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 | 93 |
Working Capital Days | 67 | 60 | 34 | 47 | 53 | 133 | 164 | 110 | 51 | 27 | 20 | 46 |
ROCE % | 13% | 18% | 22% | 22% | 21% | 18% | 16% | 11% | 16% | 19% | 15% | 13% |
Documents
Announcements
- Voting Results And Scrutinizer Report Of 40Th Annual General Meeting 26 Sep
-
Closure of Trading Window
26 Sep - Trading window closed Oct 1, 2025 until 48 hours after approval of Q2/half-year Sep 30, 2025 results.
-
Disclosure Under Regulation 30 Of SEBI(LODR) Regulations, 2015
25 Sep - Sep 25, 2025: MOA amended to add 'eGX' electric motor production; TVA & Co. LLP appointed secretarial auditor 2025-30.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
25 Sep - Members approved MOA amendment to manufacture 'eGX' electric motors; appointed TVA & Co. secretarial auditor (2025-30).
- Shareholder Meeting / Postal Ballot-Outcome of AGM 25 Sep
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Product Portfolio
The company offers a range of products, including generators, general-purpose engines, water pumping sets, brush cutters, and tillers. [1]