Honda India Power Products Ltd

Honda India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Honda India Power Products Ltd

₹ 3,087 10.03%
21 May 12:25 p.m.
hondaindiapower.com BSE: 522064 NSE: HONDAPOWER
About

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]

Key Points

Product Portfolio
The company offers a range of products, including generators, general-purpose engines, water pumping sets, brush cutters, and tillers. [1]

Website BSE NSE
  • Market Cap ₹ 3,130 Cr.
  • Current Price ₹ 3,087
  • High / Low ₹ 4,500 / 1,815
  • Stock P/E 39.2
  • Book Value ₹ 851
  • Dividend Yield 0.55 %
  • ROCE 12.9 %
  • ROE 9.54 %
  • Face Value ₹ 10.0
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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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
324 200 394 339 313 210 285 263 231 144 177 204 269
301 194 338 294 285 190 249 230 221 128 170 183 225
Operating Profit 23 6 56 45 28 20 35 33 10 16 7 21 43
OPM % 7% 3% 14% 13% 9% 10% 12% 13% 5% 11% 4% 10% 16%
3 6 6 3 -13 8 12 10 16 11 10 10 11
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 5 5 5 6 5 5 5 5 5 5 5 6
Profit before tax 21 7 57 43 9 23 42 38 21 22 11 26 49
Tax % 27% 25% 25% 26% 36% 26% 26% 25% 24% 26% 26% 26% 26%
16 5 42 32 6 17 31 28 16 16 9 19 36
EPS in Rs 15.36 4.84 41.82 31.50 5.73 16.66 30.75 27.92 15.58 15.92 8.42 18.82 35.65
Raw PDF

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: 9%
5 Years: 29%
3 Years: 18%
1 Year: 10%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67% 66.67%
0.56% 0.59% 1.53% 1.72% 1.73% 1.79% 1.59% 1.45% 1.42% 1.41% 1.36% 1.37%
13.38% 13.43% 13.29% 13.45% 14.40% 14.72% 14.82% 15.31% 16.93% 17.95% 18.18% 18.18%
19.39% 19.32% 18.51% 18.17% 17.20% 16.81% 16.92% 16.56% 15.00% 13.97% 13.80% 13.78%
No. of Shareholders 16,12415,65817,98517,93717,38916,48520,17720,76218,21019,09220,60722,706

* 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.

Documents

Announcements

Annual reports