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Honda India Power Products Ltd (HONDAPOWER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522064 NSE: HONDAPOWER Electric Equipment | Small Cap | Honda India Power Share Price
₹2,147.40 38.10 (1.81%)
As on 14-Aug'26 16:59
Honda India Power Products Ltd (HONDAPOWER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522064 NSE: HONDAPOWER Electric Equipment | Small Cap | Honda India Power Share Price
₹2,147.40 38.10 (1.81%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,178 Cr.
Current Price
₹2,147.4
52-Week Low / High
₹1,840 / 3,216
TTM EPS
₹64.9
TTM Sales
₹900 Cr.
Book Value per Share
₹803
P/E Ratio
33.07
Higher than its 5-year historical median
Industry PE
56.2
Price to Book (P/B)
2.67
Lower than its 5-year historical median
Price to Sales (P/S)
2.42
Higher than its 5-year historical median
EV/EBITDA
17.12
Higher than its 5-year historical median
Dividend Yield
1.23%
Profitability Efficiency
Return on Equity (ROE)
7.71%
Underperforms industry median
Return on Capital Employed (ROCE)
10.31%
Underperforms industry median
Return on Assets (ROA)
4.57%
Operating Profit Margin
9.5%
Net Profit Margin
7.42%
Gross Profit Margin
13.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.97%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-6.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.64%
Asset Quality
Promoter Holding
66.67%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹804 Cr.
Equity
₹10.1 Cr.
Face Value
₹10
All Time Low / High
₹16.00 / 4494.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Honda India Power Products Ltd a good quality company?
Honda India Power Products Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Honda India Power Products Ltd performance compare with that of its Peers?
Revenue growth of Honda India Power Products Ltd vs industry peers?
Honda India Power Products Ltd revenue CAGR is -1.62%, compared to the industry median CAGR of 12.87%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Honda India Power Products Ltd?
Promoters hold 66.67% of the Honda India Power Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Honda India Power Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Honda India Power Products Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.6% | 21.2% | 16.9% | 16.8% | 11.4% | 15.8% | 16.5% | 16.1% | 12.9% | 10.3% | - |
| Value Creation Index ⓘ | 0.6 | 0.5 | 0.2 | 0.2 | -0.2 | 0.1 | 0.2 | 0.2 | -0.1 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 702 | 768 | 816 | 849 | 939 | 1,156 | 1,246 | 989 | 794 | 865 | 900 |
| Sales YoY Gr. | - | 9.4% | 6.3% | 4% | 10.6% | 23.2% | 7.8% | -20.6% | -19.7% | 9% | - |
| Adj EPS ⓘ | 57.4 | 61.3 | 55 | 61.7 | 49.7 | 70.9 | 94.9 | 86.5 | 76.4 | 67.3 | 64.9 |
| YoY Gr. | - | 6.8% | -10.2% | 12.1% | -19.5% | 42.7% | 33.9% | -8.8% | -11.7% | -12% | - |
| BVPS (₹) ⓘ | 416.7 | 467.9 | 510 | 561.8 | 597.2 | 660.6 | 726.6 | 800.9 | 851.6 | 792.3 | 803 |
| Adj Net Profit ⓘ | 58.2 | 62.2 | 55.8 | 62.6 | 50.4 | 71.9 | 96.3 | 87.8 | 77.5 | 68.3 | 66 |
| Cash Flow from Ops. ⓘ | 39.9 | 55 | 20.6 | -17.6 | 152 | 36.9 | 157 | 106 | 22.1 | -10.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.4% | -1.6% | -11.5% | 9% | ||||
| Adj EPS ⓘ | 1.8% | 6.3% | -10.8% | -12% | ||||
| BVPSⓘ | 7.4% | 5.8% | 2.9% | -7% | ||||
| Share Price | 5.6% | 11.2% | -2% | -25.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.8 | 13.9 | 11.3 | 11.5 | 8.6 | 11.3 | 13.7 | 11.3 | 9.3 | 8.2 | 8.1 |
| Op. Profit Mgn % ⓘ | 13.8 | 13.5 | 11.1 | 11 | 8.1 | 8.9 | 10.9 | 10 | 11.1 | 9.5 | 9.8 |
| Net Profit Mgn % ⓘ | 8.3 | 8.1 | 6.8 | 7.4 | 5.4 | 6.2 | 7.7 | 8.9 | 9.8 | 7.9 | 7.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 172 | 138 | 178 | 230 | 220 | 163 | 121 | 126 | 354 | 401 | 157 |
| Cash Conv. Cycle ⓘ | 28 | 29 | 34 | 57 | 52 | 40 | 38 | 39 | 49 | 71 | 113 |
Valuation of Honda India Power - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 702 | 768 | 816 | 849 | 939 | 1,156 | 1,246 | 989 | 794 | 865 |
| Operating Expenses ⓘ + | 606 | 665 | 725 | 756 | 866 | 1,054 | 1,111 | 890 | 707 | 784 |
| Operating Profit ⓘ | 96 | 103 | 91 | 93 | 73 | 103 | 135 | 99 | 88 | 82 |
| Operating Profit Margin (%) | 13.7% | 13.4% | 11.1% | 11.0% | 7.7% | 8.9% | 10.8% | 10.0% | 11.0% | 9.5% |
| Other Income ⓘ + | 16 | 15 | 18 | 16 | 15 | 17 | 19 | 42 | 42 | 37 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 23 | 23 | 21 | 22 | 20 | 19 | 21 | 20 | 22 | 23 |
| Profit Before Tax ⓘ | 88 | 94 | 83 | 90 | 66 | 100 | 115 | 124 | 108 | 86 |
| Tax ⓘ | 30 | 33 | 29 | 24 | 17 | 26 | 30 | 32 | 28 | 21 |
| Profit After Tax | 58 | 61 | 54 | 67 | 49 | 75 | 85 | 92 | 80 | 64 |
| PAT Margin (%) | 8.2% | 8.0% | 6.6% | 7.8% | 5.2% | 6.5% | 6.8% | 9.3% | 10.1% | 7.4% |
| Adjusted EPS (₹) | 57.0 | 60.6 | 53.4 | 65.6 | 48.0 | 73.5 | 83.9 | 90.9 | 78.8 | 63.4 |
| Dividend Payout Ratio (%) | 13.20% | 14.90% | 18.70% | 19.10% | 20.80% | 20.40% | 19.70% | 19.20% | 40% | 41.80% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 423 | 474 | 517 | 570 | 606 | 670 | 737 | 812 | 864 | 803 | |
| Debt + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 72 | 76 | 83 | 87 | 115 | 118 | 95 | 100 | 81 | 107 | |
| Others Liabilities ⓘ | 41 | 46 | 52 | 53 | 65 | 67 | 84 | 508 | 477 | 479 | |
| Total Liabilities ⓘ | 535 | 596 | 652 | 710 | 785 | 854 | 916 | 1,420 | 1,422 | 1,390 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 107 | 101 | 95 | 98 | 91 | 87 | 91 | 98 | 107 | 132 | |
| CWIP ⓘ | 0 | 1 | 3 | 2 | 2 | 13 | 9 | 7 | 8 | 44 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 121 | 91 | 112 | 211 | 160 | 176 | 167 | 141 | 119 | 150 | |
| Trade Receivables | 26 | 64 | 64 | 50 | 82 | 87 | 71 | 51 | 118 | 158 | |
| Cash Equivalents | 142 | 192 | 61 | 35 | 136 | 277 | 468 | 541 | 542 | 79 | |
| Others Assets ⓘ | 138 | 149 | 318 | 314 | 312 | 214 | 109 | 583 | 529 | 827 | |
| Total Assets ⓘ | 535 | 596 | 652 | 710 | 785 | 854 | 916 | 1,420 | 1,422 | 1,390 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 40 | 55 | 21 | -18 | 152 | 37 | 157 | 106 | 22 | -11 |
| Cash Flow From Investing Activity ⓘ + | -13 | -65 | -13 | 47 | -92 | 16 | -150 | -99 | -70 | 172 |
| Cash Flow From Financing Activity ⓘ + | -8 | -9 | -11 | -13 | -14 | -11 | -16 | -18 | -28 | -126 |
| Net Cash Flow ⓘ | 19 | -20 | -3 | 17 | 45 | 42 | -9 | -11 | -76 | 35 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.64 | 13.69 | 10.92 | 12.24 | 8.28 | 11.69 | 12.1 | 11.91 | 9.54 | 7.71 |
| ROCE (%) | 22.55 | 21.18 | 16.92 | 16.77 | 11.37 | 15.84 | 16.5 | 16.05 | 12.92 | 10.31 |
| Asset Turnover Ratio | 1.22 | 1.37 | 1.31 | 1.25 | 1.26 | 1.41 | 1.41 | 0.85 | 0.56 | 0.62 |
| PAT to CFO Conversion(x) | 0.69 | 0.9 | 0.39 | -0.27 | 3.1 | 0.49 | 1.85 | 1.15 | 0.28 | -0.17 |
| Working Capital Days | ||||||||||
| Receivable Days | 14.90 | 21.10 | 28.50 | 24.40 | 25.60 | 26.70 | 23.10 | 22.40 | 38.80 | 58.10 |
| Inventory Days | 51.90 | 49.70 | 45.30 | 69.40 | 72.20 | 53.20 | 50.30 | 56.80 | 59.70 | 56.80 |
| Payable Days | 58.50 | 59.10 | 58 | 62 | 60.60 | 57.90 | 51.60 | 59.10 | 74.60 | 68.20 |
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Honda India Power Products Ltd FAQs
The current trading price of Honda India Power on 14-Aug-2026 16:59 is ₹2,147.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Aug-2026 the market cap of Honda India Power stood at ₹2,178.1 Cr
The latest P/E ratio of Honda India Power as of 13-Aug-2026 is 33.07.
The latest P/B ratio of Honda India Power as of 13-Aug-2026 is 2.67.
The 52-week high of Honda India Power is ₹3,216.1 and the 52-week low is ₹1,840.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Honda India Power is ₹900 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Honda India Power Products Ltd is a good quality company.
The key valuation ratios of Honda India Power Products Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Honda India Power Products Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Honda India Power Products Ltd
Honda India Power Products Limited (HIPP) (Formerly known as Honda Siel Power Products Limited), is a subsidiary of Honda Motor Co. Japan and was incorporated on September 19, 1985.
What started 36 years ago as a dream to serve its customers with products that truly help him do their work more efficiently has unfolded into a remarkable journey of achieving many milestones. The company has been the preferred choice of the customers worldwide and its existence is the result of the creation of the joy of buying, selling & empowering the dreams of over 5 million users which makes HIPP the undeniable leader in the power production industry.
It is one of the first Japanese company to enter the Indian market in 1985 and thereby contribute to strengthening economic relations between India and Japan. Since its inception, the company has been providing innovative, eco-friendly & best-in-class products to its customers across India in the field of power backup, agriculture & construction.
Currently, the company’s products are being sold to many countries across the globe and its 7.0 kVA generator has established its good image due to quality, performance, technology (Fuel Injection System) in USA, Europe and other developed markets.
Business area of the company
The Company is primarily engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters and tillers. The Company caters to both domestic and international markets.
Products
- Generators
- Tillers
- Brush Cutters
- Water Pump
- Lawn Mower
- General Purpose Engines
- Marine Outboard Motors
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