Honda India Power Products Ltd - Stock Valuation and Financial Performance

BSE: 522064 | NSE: HONDAPOWER | Electric Equipment | Small Cap

Honda India Power Share Price

4,045 30.95 0.77%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Honda India Power

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Honda India Power Products stock performance -

mw4me loader
P/E Ratio (SA):
44.75
Market Cap:
4,092.5 Cr.
52-wk low:
2,144.8
52-wk high:
4,233

Is Honda India Power Products Ltd an attractive stock to invest in?

1. Is Honda India Power Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Honda India Power Products Ltd is a good quality company.

2. Is Honda India Power Products Ltd undervalued or overvalued?

The key valuation ratios of Honda India Power Products Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Honda India Power Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Honda India Power Products Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Honda India Power:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.2%22%22.6%21.2%16.9%16.8%11.4%15.8%16.5%16.1%-
Value Creation
Index
0.40.60.60.50.20.2-0.20.10.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6316737027688168499391,1561,246989923
Sales YoY Gr.-6.7%4.3%9.4%6.3%4%10.6%23.2%7.8%-20.6%-
Adj EPS 35.347.157.461.35561.749.770.994.986.590.2
YoY Gr.-33.4%22%6.8%-10.2%12.1%-19.5%42.7%33.9%-8.8%-
BVPS (₹) 320.5361.4416.7467.9510561.8597.2660.6726.6800.9816.6
Adj Net
Profit
35.847.758.262.255.862.650.471.996.387.891
Cash Flow from Ops. 42.910139.95520.6-17.615236.9157106-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%3.9%1.8%-20.6%
Adj EPS 10.5%9.5%20.3%-8.8%
BVPS10.7%9.5%10.3%10.2%
Share Price 15.4% 29.6% 49.2% 32.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
11.613.814.813.911.311.58.611.313.711.311.2
Op. Profit
Mgn %
111313.813.511.1118.18.910.91010.3
Net Profit
Mgn %
5.77.18.38.16.87.45.46.27.78.99.9
Debt to
Equity
0000000000-
Working Cap
Days
219214172138178230220163121126137
Cash Conv.
Cycle
44292829345752403839106

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 20.31%

Return on Equity has declined versus last 3 years average to 11.10%

Sales growth has been subdued in last 3 years 1.75%

Sales growth is not so good in last 4 quarters at -26.90%

Latest Financials - Honda India Power Products Ltd.

Standalone Consolidated
TTM EPS (₹) 90.2 -
TTM Sales (₹ Cr.) 923 -
BVPS (₹.) 816.6 -
Reserves (₹ Cr.) 818 -
P/BV 4.94 -
PE 44.75 -
From the Market
52 Week Low / High (₹) 2144.75 / 4233.00
All Time Low / High (₹) 16.00 / 4233.00
Market Cap (₹ Cr.) 4,093
Equity (₹ Cr.) 10.1
Face Value (₹) 10
Industry PE 101.5

Management X-Ray of Honda India Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Honda India Power

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6316737027688168499391,1561,246989
Operating Expenses 5615866066657257568661,0541,111890
Manufacturing Costs49444245485451627360
Material Costs380399416456501502608732750601
Employee Cost 5866728698114107117127128
Other Costs 737775787785100142160101
Operating Profit 70879610391937310313599
Operating Profit Margin (%) 11.0%12.9%13.7%13.4%11.1%11.0%7.7%8.9%10.8%10.0%
Other Income 8131615181615171942
Interest 1111111111
Depreciation 21242323212220192120
Exceptional Items 3000-4400-184
Profit Before Tax 59758894839066100115124
Tax 20263033292417263032
Profit After Tax 39495861546749758592
PAT Margin (%) 6.1%7.3%8.2%8.0%6.6%7.8%5.2%6.4%6.8%9.3%
Adjusted EPS (₹)38.148.157.060.653.465.648.073.583.990.9
Dividend Payout Ratio (%)16%12%13%15%19%19%21%20%20%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 325367423474517570606670737812
Share Capital 10101010101010101010
Reserves 315356412464507559595660727802
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables70627276838711511895100
Others Liabilities 2132494146525365678469
Total Liabilities 608677535596652710785854916982

Fixed Assets

Gross Block258269128143148168169175198219
Accumulated Depreciation135157224254707889106121
Net Fixed Assets123112107101959891879198
CWIP 00013221397
Investments 0000000000
Inventories1188912191112211160176167141
Trade Receivables38342664645082877151
Cash Equivalents 641551421926135136277468541
Others Assets264286138149318314312214109144
Total Assets 608677535596652710785854916982

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 43101405521-1815237157106
PBT 59758894878666100133120
Adjustment 15169969684-15
Changes in Working Capital -734-20-10-34-8798-447722
Tax Paid -24-25-37-38-35-30-18-27-39-25
Cash Flow From Investing Activity -44-86-13-65-1347-9216-150-99
Capex -27-11-15-15-18-21-14-16-28-22
Net Investments -21-81-10-5914753-91-140-132-105
Others 46119-14216131721128
Cash Flow From Financing Activity -5-7-8-9-11-13-14-11-16-18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -4-6-6-8-9-10-13-10-15-17
Others -1-1-1-2-2-3-1-1-10
Net Cash Flow -5719-20-3174542-9-11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.4814.1214.6413.6910.9212.248.2811.6912.111.91
ROCE (%)19.2221.9722.5521.1816.9216.7711.3715.8416.516.05
Asset Turnover Ratio1.151.11.221.371.311.251.261.411.411.04
PAT to CFO Conversion(x)1.12.060.690.90.39-0.273.10.491.851.15
Working Capital Days
Receivable Days22191521282426272322
Inventory Days62535250456972535057
Payable Days60605859586261585259

Honda India Power Products Ltd Stock News

Honda India Power Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Honda India Power on 04-Oct-2024 16:01 is ₹4,045.
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 04-Oct-2024 16:01 the market cap of Honda India Power stood at ₹4,092.5.
The latest P/E ratio of Honda India Power as of 04-Oct-2024 16:01 is 44.75.
The latest P/B ratio of Honda India Power as of 04-Oct-2024 16:01 is 4.94.
The 52-week high of Honda India Power is ₹4,233 and the 52-week low is ₹2,144.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Honda India Power is ₹923.3 ( Cr.) .

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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