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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

₹2,347.60 17.15 (0.74%)

As on 05-Jun'26 09:07

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

₹2,347.60 17.15 (0.74%)

As on 05-Jun'26 09:07

Key Metrics
Valuation Multiples
Market Cap
₹2,364 Cr.
Current Price
₹2,347.6
52-Week Low / High
₹1,840 / 3,251
TTM EPS
₹63.3
TTM Sales
₹865 Cr.
Book Value per Share
₹792
P/E Ratio
36.80
Higher than its 5-year historical median
Industry PE
56.3
Price to Book (P/B)
2.94
In line with its 5-year historical median
Price to Sales (P/S)
2.73
Higher than its 5-year historical median
EV/EBITDA
19.18
Higher than its 5-year historical median
Dividend Yield
1.55%
Profitability Efficiency
Return on Equity (ROE)
9.54%
In line with industry median
Return on Capital Employed (ROCE)
12.92%
In line with industry median
Return on Assets (ROA)
5.62%
Operating Profit Margin
11%
Net Profit Margin
10.07%
Gross Profit Margin
16.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-19.7%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.32%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.31%
Asset Quality
Promoter Holding
66.67%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹793 Cr.
Equity
₹10.1 Cr.
Face Value
₹10
All Time Low / High
₹16.00 / 4494.00

Honda India Power Products stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of Honda India Power Products Ltd vs industry peers?
Honda India Power Products Ltd revenue CAGR is -1.32%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 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 : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 22%22.6%21.2%16.9%16.8%11.4%15.8%16.5%16.1%12.9%-
Value Creation
Index
0.60.60.50.20.2-0.20.10.20.2-0.1-

Growth Parameters

Sales 6737027688168499391,1561,246989794865
Sales YoY Gr.-4.3%9.4%6.3%4%10.6%23.2%7.8%-20.6%-19.7%-
Adj EPS 47.157.461.35561.749.770.994.986.576.463.3
YoY Gr.-22%6.8%-10.2%12.1%-19.5%42.7%33.9%-8.8%-11.7%-
BVPS (₹) 361.4416.7467.9510561.8597.2660.6726.6800.9851.6792
Adj Net
Profit
47.758.262.255.862.650.471.996.387.877.564
Cash Flow from Ops. 10139.95520.6-17.615236.915710622.1-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.9%-1.3%-11.8%-19.7%
Adj EPS 5.5%4.4%2.5%-11.7%
BVPS10%8.7%8.8%6.3%
Share Price 7.1% 16.7% 2.9% -19.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.814.813.911.311.58.611.313.711.39.37.7
Op. Profit
Mgn %
1313.813.511.1118.18.910.91011.19.4
Net Profit
Mgn %
7.18.38.16.87.45.46.27.78.99.87.4
Debt to
Equity
00000000000
Working Cap
Days
214172138178230220163121126354157
Cash Conv.
Cycle
29282934575240383949113

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6737027688168499391,1561,246989794
Operating Expenses + 5866066657257568661,0541,111890707
Manufacturing Costs44424548545162735548
Material Costs399416456501502608732750601444
Employee Cost 66728698114107117127128134
Other Costs 777578778510014216010681
Operating Profit 87961039193731031359988
Operating Profit Margin (%) 12.9%13.7%13.4%11.1%11.0%7.7%8.9%10.8%10.0%11.0%
Other Income + 13161518161517194242
Exceptional Items 000-4400-1840
Interest 1111111111
Depreciation 24232321222019212022
Profit Before Tax 758894839066100115124108
Tax 26303329241726303228
Profit After Tax 49586154674975859280
PAT Margin (%) 7.3%8.2%8.0%6.6%7.8%5.2%6.5%6.8%9.3%10.1%
Adjusted EPS (₹)48.157.060.653.465.648.073.583.990.978.8
Dividend Payout Ratio (%)12.50%13.20%14.90%18.70%19.10%20.80%20.40%19.70%19.20%40%

Valuation of Honda India Power - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 367423474517570606670737812864
Share Capital 10101010101010101010
Reserves 356412464507559595660727802853
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables62727683871151189510081
Others Liabilities 24941465253656784508477
Total Liabilities 6775355966527107858549161,4201,422

Fixed Assets

Net Fixed Assets +112107101959891879198107
Gross Block269128143148168169175198219241
Accumulated Depreciation157224254707889106121134
CWIP 00132213978
Investments 0000000000
Inventories8912191112211160176167141119
Trade Receivables342664645082877151118
Cash Equivalents flag 1551421926135136277468541542
Others Assets 286138149318314312214109583529
Total Assets 6775355966527107858549161,4201,422

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 101405521-181523715710622
PBT 758894878666100133120108
Adjustment 169969684-15-10
Changes in Working Capital 34-20-10-34-8798-447722-43
Tax Paid -25-37-38-35-30-18-27-39-25-32
Cash Flow From Investing Activity + -86-13-65-1347-9216-150-99-70
Capex -11-15-15-18-21-14-16-28-22-40
Net Investments -81-10-5914753-91-140-132-105-64
Others 6119-1421613172112834
Cash Flow From Financing Activity + -7-8-9-11-13-14-11-16-18-28
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-0-0-0-0-0-0-0-0-0
Dividend Paid -6-6-8-9-10-13-10-15-17-28
Others -1-1-2-2-3-1-1-1-0-0
Net Cash Flow 719-20-3174542-9-11-76

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.1214.6413.6910.9212.248.2811.6912.111.919.54
ROCE (%)21.9722.5521.1816.9216.7711.3715.8416.516.0512.92
Asset Turnover Ratio1.11.221.371.311.251.261.411.410.850.56
PAT to CFO Conversion(x)2.060.690.90.39-0.273.10.491.851.150.28
Working Capital Days
Receivable Days18.6014.9021.1028.5024.4025.6026.7023.1022.4038.80
Inventory Days53.5051.9049.7045.3069.4072.2053.2050.3056.8059.70
Payable Days60.1058.5059.10586260.6057.9051.6059.1074.60

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Honda India Power Products Ltd FAQs

The current trading price of Honda India Power on 05-Jun-2026 09:07 is ₹2,347.6.

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-Jun-2026 the market cap of Honda India Power stood at ₹2,363.8 Cr

The latest P/E ratio of Honda India Power as of 04-Jun-2026 is 36.80.

The latest P/B ratio of Honda India Power as of 04-Jun-2026 is 2.94.

The 52-week high of Honda India Power is ₹3,251 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 ₹865 ( 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 Overvalued zone.

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

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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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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