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Honda India Power Overview

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. T...Read More

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Honda India Power Key Financials

Market Cap ₹2276 Cr.

Stock P/E 28.5

P/B 2.9

Current Price ₹2244.2

Book Value ₹ 766.3

Face Value 10

52W High ₹3251

Dividend Yield 1.4%

52W Low ₹ 1840

Honda India Power Share Price

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Volume
Price

Honda India Power Quarterly Price

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Honda India Power Peer Comparison

Honda India Power Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 285 263 231 144 177 204 269 155 176 270
Other Income 12 10 12 11 10 10 11 10 9 8
Total Income 297 273 243 155 187 215 280 165 185 279
Total Expenditure 249 230 221 128 170 183 225 146 164 238
Operating Profit 47 43 22 27 17 31 55 18 21 40
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 5 5 5 5 5 5 6 6 6 6
Exceptional Income / Expenses 0 0 4 0 0 0 0 0 0 -12
Profit Before Tax 42 38 21 22 11 26 49 13 15 23
Provision for Tax 11 10 5 6 3 7 12 3 4 6
Profit After Tax 31 28 16 16 9 19 36 9 11 17
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 31 28 16 16 9 19 36 9 11 17
Adjusted Earnings Per Share 30.8 27.9 15.6 15.9 8.4 18.8 35.7 9.3 11 16.4

Honda India Power Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 631 673 702 768 816 849 939 1156 1246 989 794 870
Other Income 8 13 16 15 18 16 15 17 19 42 42 38
Total Income 639 685 718 783 834 864 953 1173 1265 1031 837 909
Total Expenditure 561 586 606 665 725 756 866 1054 1111 890 707 773
Operating Profit 77 100 112 118 109 109 87 120 154 141 130 134
Interest 1 1 1 1 1 1 1 1 1 1 1 0
Depreciation 21 24 23 23 21 22 20 19 21 20 22 24
Exceptional Income / Expenses 3 0 0 0 -4 4 0 0 -18 4 0 -12
Profit Before Tax 59 75 88 94 83 90 66 100 115 124 108 100
Provision for Tax 20 26 30 33 29 24 17 26 30 32 28 25
Profit After Tax 39 49 58 61 54 67 49 75 85 92 80 73
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 39 49 58 61 54 67 49 75 85 92 80 73
Adjusted Earnings Per Share 38.1 48.1 57 60.6 53.4 65.6 48 73.5 83.9 90.9 78.8 72.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -20% -12% -1% 2%
Operating Profit CAGR -8% 3% 4% 5%
PAT CAGR -13% 2% 4% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 3% -1% 19% 5%
ROE Average 10% 11% 11% 12%
ROCE Average 13% 15% 15% 17%

Honda India Power Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 325 367 423 474 517 570 606 670 737 812 864
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 143 162 1 1 -3 -4 -4 -5 -13 429 375
Total Current Liabilities 140 149 111 121 138 144 183 190 191 179 184
Total Liabilities 608 677 535 596 652 710 785 854 916 1420 1422
Fixed Assets 123 112 107 101 95 98 91 87 91 98 107
Other Non-Current Assets 181 202 86 74 65 56 95 144 75 553 500
Total Current Assets 304 363 342 421 493 556 599 624 750 769 816
Total Assets 608 677 535 596 652 710 785 854 916 1420 1422

Honda India Power Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 21 15 23 41 21 18 35 80 122 115 106
Cash Flow from Operating Activities 43 101 40 55 21 -18 152 37 157 106 22
Cash Flow from Investing Activities -44 -86 -13 -65 -13 47 -92 16 -150 -99 -70
Cash Flow from Financing Activities -5 -7 -8 -9 -11 -13 -14 -11 -16 -18 -28
Net Cash Inflow / Outflow -5 7 19 -20 -3 17 45 42 -9 -11 -76
Closing Cash & Cash Equivalent 15 23 41 21 18 35 80 122 115 106 31

Honda India Power Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 38.08 48.14 56.98 60.56 53.4 65.6 48 73.5 83.92 90.94 78.84
CEPS(Rs) 59.09 71.62 80.11 82.76 74.24 87.38 67.98 91.77 104.41 110.88 100.34
DPS(Rs) 6 6 7.5 9 10 12.5 10 15 16.5 17.5 31.5
Book NAV/Share(Rs) 320.48 361.4 416.68 467.9 509.96 561.75 597.15 660.63 726.57 800.9 851.61
Core EBITDA Margin(%) 10.54 12.33 13.07 13.2 11.14 10.97 7.73 8.88 10.85 10 11.05
EBIT Margin(%) 9.02 10.76 12.09 12.22 10.28 10.74 7.12 8.73 9.31 12.56 13.63
Pre Tax Margin(%) 8.93 10.63 11.97 12.14 10.21 10.66 7.04 8.65 9.26 12.51 13.56
PAT Margin (%) 5.85 6.91 7.85 7.9 6.64 7.84 5.18 6.45 6.83 9.32 10.07
Cash Profit Margin (%) 9.09 10.29 11.03 10.79 9.23 10.44 7.34 8.05 8.49 11.37 12.81
ROA(%) 6.73 7.6 9.54 10.86 8.68 9.77 6.51 9.09 9.62 7.9 5.62
ROE(%) 12.48 14.12 14.64 13.69 10.92 12.24 8.28 11.69 12.1 11.91 9.54
ROCE(%) 19.22 21.97 22.55 21.18 16.92 16.77 11.37 15.84 16.5 16.05 12.92
Receivable days 21.62 18.61 14.88 21.12 28.47 24.35 25.62 26.74 23.13 22.43 38.79
Inventory Days 62.36 53.47 51.92 49.67 45.28 69.4 72.22 53.17 50.28 56.81 59.69
Payable days 60.04 60.14 58.45 59.09 58.02 61.96 60.6 57.87 51.64 59.14 74.57
PER(x) 29.47 27.25 23.52 22.01 20.34 12.73 19.96 16.77 23.99 24.4 25.71
Price/Book(x) 3.5 3.63 3.22 2.85 2.13 1.49 1.6 1.87 2.77 2.77 2.38
Dividend Yield(%) 0.53 0.46 0.56 0.68 0.92 1.5 1.04 1.22 0.82 0.79 1.55
EV/Net Sales(x) 1.7 1.75 1.73 1.51 1.28 0.96 0.89 0.84 1.26 1.73 1.91
EV/Core EBITDA(x) 13.89 11.78 10.83 9.87 9.59 7.45 9.6 8.14 10.19 12.16 11.64
Net Sales Growth(%) 16.51 6.67 4.31 9.41 6.26 4.02 10.64 23.15 7.78 -20.64 -19.7
EBIT Growth(%) 102.39 27.7 17.13 6.78 -11.71 8.66 -26.7 51.16 14.91 7.07 -12.91
PAT Growth(%) 105.63 26.42 18.33 6.28 -11.82 22.84 -26.83 53.13 14.17 8.37 -13.31
EPS Growth(%) 105.63 26.42 18.37 6.28 -11.82 22.84 -26.83 53.13 14.17 8.37 -13.31
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.17 2.44 3.08 3.47 3.57 3.86 3.27 3.29 3.92 4.3 4.45
Quick Ratio(x) 1.33 1.85 1.99 2.72 2.76 2.4 2.39 2.36 3.04 3.51 3.8
Interest Cover(x) 107.77 84.76 102.28 141.81 147.16 128.37 99.72 108.59 178.54 234.45 208.12
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Honda India Power Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67
FII 1.59 1.45 1.42 1.41 1.36 1.37 1.17 1.1 1.09 1.05
DII 14.82 15.31 16.92 17.95 18.18 18.18 18.23 18.23 18.23 18.27
Public 16.93 16.57 14.99 13.98 13.79 13.79 13.94 14.01 14.02 14.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Honda India Power News

Honda India Power Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 59.14 to 74.57days.
  • The company has delivered a poor profit growth of 3% over past five years.
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