Honda India Power

₹2391.1 66 | 2.8%

WEBSITE BSE:522064 NSE : HONDAPOWER 10 May, 16:01

Market Cap ₹2425 Cr.

Stock P/E 29.5

P/B 3

Current Price ₹2391.1

Book Value ₹ 785.2

Face Value 10

52W High ₹3133

Dividend Yield 0.69%

52W Low ₹ 2102.1

Edit Ratio

Honda India Power Research see more...

Overview Inc. Year: 1985Industry: Electric Equipment

Honda India Power Products Ltd, formerly known as, Honda Siel Power Products Ltd, manufactures power products. The Company is usually engaged in manufacturing and advertising the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters and tillers. Its tillers merchandise series include F300 and FJ500. The brush cutters collection include UMK435T U2NT, UMK435T UENT, UMK425T U2ST, UMK450T U2NT and UMK450T UTNT. The Company’s water pumps consist of petrol water pumps, kerosene water pumps and diesel water pumps. The lawn mowers merchandise collection consist of HRJ216 K2 and HRJ196. Its generator products consist of inverter series, silent series and handy collection. The Company’s standard-purpose engines include big and mid series and kerosene engines. Its mid series engine series include GX80,100,120,160 and GX200. The kerosene collection merchandise comprises GK100, GK200 and GK300. The Company caters to both home and global markets.

Honda India Power Share Price

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Honda India Power Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	231	338	324	200	394	339	313	210	285	263
Other Income	6	3	3	6	6	3	5	8	12	10
Total Income	237	340	327	206	400	342	318	218	297	273
Total Expenditure	211	304	301	194	338	294	285	190	249	230
Operating Profit	26	36	26	11	62	48	33	28	47	43
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	5	5	5	5	6	5	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	-18	0	0	0
Profit Before Tax	21	31	21	7	57	43	9	23	42	38
Provision for Tax	5	8	6	2	14	11	3	6	11	10
Profit After Tax	16	23	16	5	42	32	6	17	31	28
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	16	23	16	5	42	32	6	17	31	28
Adjusted Earnings Per Share	15.7	22.9	15.4	4.8	41.8	31.5	5.7	16.7	30.8	27.9

Honda India Power Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	516	541	631	673	702	768	816	849	939	1156	1246	1071
Other Income	7	5	8	13	16	15	18	16	15	17	19	35
Total Income	523	546	639	685	718	783	834	864	953	1173	1265	1106
Total Expenditure	477	490	561	586	606	665	725	756	866	1054	1111	954
Operating Profit	45	56	77	100	112	118	109	109	87	120	154	151
Interest	0	0	1	1	1	1	1	1	1	1	1	0
Depreciation	14	18	21	24	23	23	21	22	20	19	21	21
Exceptional Income / Expenses	0	-9	3	0	0	0	-4	4	0	0	-18	-18
Profit Before Tax	31	29	59	75	88	94	83	90	66	100	115	112
Provision for Tax	11	10	20	26	30	33	29	24	17	26	30	30
Profit After Tax	21	19	39	49	58	61	54	67	49	75	85	82
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	21	19	39	49	58	61	54	67	49	75	85	82
Adjusted Earnings Per Share	20.3	18.5	38.1	48.1	57	60.6	53.4	65.6	48	73.5	83.9	81.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	14%	10%	9%
Operating Profit CAGR	28%	12%	5%	13%
PAT CAGR	13%	8%	7%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-3%	34%	19%	14%
ROE Average	12%	11%	11%	11%
ROCE Average	17%	15%	15%	17%

Honda India Power Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	280	294	325	367	423	474	517	570	606	670	737
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	143	142	143	162	1	1	-3	-4	-4	-5	-13
Total Current Liabilities	87	104	140	149	111	121	138	144	183	190	191
Total Liabilities	510	540	608	677	535	596	652	710	785	854	916
Fixed Assets	117	114	123	112	107	101	95	98	91	87	91
Other Non-Current Assets	163	176	181	202	86	74	65	56	95	144	75
Total Current Assets	229	250	304	363	342	421	493	556	599	624	750
Total Assets	510	540	608	677	535	596	652	710	785	854	916

Honda India Power Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	26	22	21	15	23	41	21	18	35	80	122
Cash Flow from Operating Activities	-30	16	43	101	40	55	21	-18	152	37	157
Cash Flow from Investing Activities	37	-12	-44	-86	-13	-65	-13	47	-92	16	-150
Cash Flow from Financing Activities	-11	-5	-5	-7	-8	-9	-11	-13	-14	-11	-16
Net Cash Inflow / Outflow	-4	-1	-5	7	19	-20	-3	17	45	42	-9
Closing Cash & Cash Equivalent	22	21	15	23	41	21	18	35	80	122	115

Honda India Power Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	20.31	18.52	38.08	48.14	56.98	60.56	53.4	65.6	48	73.5	83.92
CEPS(Rs)	33.87	35.81	59.09	71.62	80.11	82.76	74.24	87.38	67.98	91.77	104.41
DPS(Rs)	4	4	6	6	7.5	9	10	12.5	10	15	16.5
Book NAV/Share(Rs)	276.12	289.96	320.48	361.4	416.68	467.9	509.96	561.75	597.15	660.63	726.57
Core EBITDA Margin(%)	6.83	8.91	10.54	12.33	13.07	13.2	11.14	10.97	7.73	8.88	10.84
EBIT Margin(%)	5.67	5.08	9.02	10.76	12.09	12.22	10.28	10.74	7.12	8.73	9.31
Pre Tax Margin(%)	5.59	5	8.93	10.63	11.97	12.14	10.21	10.66	7.04	8.65	9.26
PAT Margin (%)	3.69	3.25	5.85	6.91	7.85	7.9	6.64	7.84	5.18	6.45	6.83
Cash Profit Margin (%)	6.15	6.28	9.09	10.29	11.03	10.79	9.23	10.44	7.34	8.05	8.49
ROA(%)	4.08	3.58	6.73	7.6	9.54	10.86	8.68	9.77	6.51	9.09	9.62
ROE(%)	7.57	6.54	12.48	14.12	14.64	13.69	10.92	12.24	8.28	11.69	12.1
ROCE(%)	11.65	10.24	19.22	21.97	22.55	21.18	16.92	16.77	11.37	15.84	16.5
Receivable days	17.49	21.42	21.62	18.61	14.88	21.12	28.47	24.35	25.62	26.74	23.13
Inventory Days	57.68	67.06	62.36	53.47	51.92	49.67	45.28	69.4	72.22	53.17	50.28
Payable days	62.68	61.23	60.04	60.14	58.45	59.09	58.02	61.96	60.6	57.87	51.64
PER(x)	19.53	34.88	29.47	27.25	23.52	22.01	20.34	12.73	19.96	16.77	23.99
Price/Book(x)	1.44	2.23	3.5	3.63	3.22	2.85	2.13	1.49	1.6	1.87	2.77
Dividend Yield(%)	1.01	0.62	0.53	0.46	0.56	0.68	0.92	1.5	1.04	1.22	0.82
EV/Net Sales(x)	0.67	1.11	1.7	1.75	1.73	1.51	1.28	0.96	0.89	0.84	1.26
EV/Core EBITDA(x)	7.57	10.75	13.89	11.78	10.83	9.87	9.59	7.45	9.6	8.14	10.19
Net Sales Growth(%)	2.42	5	16.51	6.67	4.31	9.41	6.26	4.02	10.64	23.15	7.78
EBIT Growth(%)	-56.41	-7.3	102.39	27.7	17.13	6.78	-11.71	8.66	-26.7	51.16	14.91
PAT Growth(%)	-60.13	-8.84	105.63	26.42	18.33	6.28	-11.82	22.84	-26.83	53.13	14.17
EPS Growth(%)	-60.13	-8.84	105.63	26.42	18.37	6.28	-11.82	22.84	-26.83	53.13	14.17
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	2.63	2.4	2.17	2.44	3.08	3.47	3.57	3.86	3.27	3.29	3.92
Quick Ratio(x)	1.42	1.37	1.33	1.85	1.99	2.72	2.76	2.4	2.39	2.36	3.04
Interest Cover(x)	71.06	63.14	107.77	84.76	102.28	141.81	147.16	128.37	99.72	108.59	178.54
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Honda India Power Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.67	66.67	66.67	66.67	66.67	66.67	66.67	66.67	66.67	66.67
FII	0.42	0.46	0.56	0.59	1.53	1.72	1.73	1.79	1.59	1.45
DII	12.25	12.28	13.39	13.43	13.29	13.45	14.4	14.72	14.82	15.31
Public	20.66	20.6	19.39	19.32	18.51	18.16	17.2	16.82	16.93	16.57
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68
FII	0	0	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.01
DII	0.12	0.12	0.14	0.14	0.13	0.14	0.15	0.15	0.15	0.16
Public	0.21	0.21	0.2	0.2	0.19	0.18	0.17	0.17	0.17	0.17
Others	0	0	0	0	0	0	0	0	0	0
Total	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01

Pros

Debtor days have improved from 57.87 to 51.64days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of 6% over past five years.

* 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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Honda India Power

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Honda India Power Research see more...

Overview Inc. Year: 1985Industry: Electric Equipment

Honda India Power Share Price

Alert Data

Quarterly Price

Peer Comparison

Honda India Power Quarterly Results

Honda India Power Profit & Loss

Growth Rates

Honda India Power Balance Sheet

Honda India Power Cash Flow

Honda India Power Ratios

Honda India Power Shareholding Pattern

Honda India Power News

Top Unlisted Companies & InstaBuy Companies

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