Honda India Power Products Ltd - Stock Valuation and Financial Performance

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

Honda India Power Share Price

2,233.45 51.95 2.38%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Honda India Power

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Honda India Power Products stock performance -

mw4me loader
P/E Ratio (SA):
27.37
Market Cap:
2,250.4 Cr.
52-wk low:
1,915.2
52-wk high:
3,133

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 average 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 Somewhat overvalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Honda India Power Products Ltd is likely to Fall 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9%11.7%14%14.9%14%11.3%11.6%8.7%11.4%13.8%-
Value Creation
Index
-0.4-0.2-00.1-0-0.2-0.2-0.4-0.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5416316737027688168499391,1561,2461,071
Sales YoY Gr.-16.5%6.7%4.3%9.4%6.3%4%10.6%23.2%7.8%-
Adj EPS 25.235.347.157.461.35561.749.770.994.981.1
YoY Gr.-40.2%33.4%22%6.8%-10.2%12.1%-19.5%42.7%33.9%-
BVPS (₹) 290320.5361.4416.7467.9510561.8597.2660.6726.6785.2
Adj Net
Profit
25.535.847.758.262.255.862.650.471.996.382
Cash Flow from Ops. 15.942.910139.95520.6-17.615236.9157-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.7%10.2%13.7%7.8%
Adj EPS 15.9%9.1%15.4%33.9%
BVPS10.8%9.2%9%10%
Share Price 13% 15.5% 30.8% 11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.911.613.814.813.911.311.58.611.313.710.7
Op. Profit
Mgn %
9.6111313.813.511.1118.18.910.910.9
Net Profit
Mgn %
4.75.77.18.38.16.87.45.46.27.77.7
Debt to
Equity
0000000000-
Working Cap
Days
223219214172138178230220163121116
Cash Conv.
Cycle
4744292829345752403888

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.67%

Net Profit is growing at healthy rate in last 3 years 15.43%

Return on Equity has declined versus last 3 years average to 10.70%

Sales growth is not so good in last 4 quarters at -12.08%

Latest Financials - Honda India Power Products Ltd.

Standalone Consolidated
TTM EPS (₹) 81.1 -
TTM Sales (₹ Cr.) 1,071 -
BVPS (₹.) 785.2 -
Reserves (₹ Cr.) 786 -
P/BV 2.83 -
PE 27.37 -
From the Market
52 Week Low / High (₹) 1915.15 / 3133.00
All Time Low / High (₹) 16.00 / 3133.00
Market Cap (₹ Cr.) 2,250
Equity (₹ Cr.) 10.1
Face Value (₹) 10
Industry PE 84.1

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5416316737027688168499391,1561,246
Operating Expenses 4905615866066657257568661,0541,111
Manufacturing Costs52494442454854516273
Material Costs329380399416456501502608732750
Employee Cost 515866728698114107117127
Other Costs 58737775787785100142160
Operating Profit 52708796103919373103135
Operating Profit Margin (%) 9.5%11.0%12.9%13.7%13.4%11.1%11.0%7.7%8.9%10.8%
Other Income 581316151816151719
Interest 0111111111
Depreciation 18212423232122201921
Exceptional Items -93000-4400-18
Profit Before Tax 2959758894839066100115
Tax 10202630332924172630
Profit After Tax 19394958615467497585
PAT Margin (%) 3.5%6.1%7.3%8.2%8.0%6.6%7.8%5.2%6.4%6.8%
Adjusted EPS (₹)18.538.148.157.060.653.465.648.073.583.9
Dividend Payout Ratio (%)22%16%12%13%15%19%19%21%20%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 294325367423474517570606670737
Share Capital 10101010101010101010
Reserves 284315356412464507559595660727
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables5570627276838711511895
Others Liabilities 19121324941465253656784
Total Liabilities 540608677535596652710785854916

Fixed Assets

Gross Block230258269128143148168169175198
Accumulated Depreciation116135157224254707889106
Net Fixed Assets1141231121071019598918791
CWIP 10001322139
Investments 0000000000
Inventories1071188912191112211160176167
Trade Receivables40383426646450828771
Cash Equivalents 52641551421926135136277468
Others Assets226264286138149318314312214109
Total Assets 540608677535596652710785854916

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1643101405521-1815237157
PBT 2959758894878666100133
Adjustment 2315169969684
Changes in Working Capital -22-734-20-10-34-8798-4477
Tax Paid -14-24-25-37-38-35-30-18-27-39
Cash Flow From Investing Activity -12-44-86-13-65-1347-9216-150
Capex -20-27-11-15-15-18-21-14-16-28
Net Investments 5-21-81-10-5914753-91-140-132
Others 246119-142161317211
Cash Flow From Financing Activity -5-5-7-8-9-11-13-14-11-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -4-4-6-6-8-9-10-13-10-15
Others -1-1-1-1-2-2-3-1-1-1
Net Cash Flow -1-5719-20-3174542-9
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.5412.4814.1214.6413.6910.9212.248.2811.6912.1
ROCE (%)10.2419.2221.9722.5521.1816.9216.7711.3715.8416.5
Asset Turnover Ratio1.11.151.11.221.371.311.251.261.411.41
PAT to CFO Conversion(x)0.841.12.060.690.90.39-0.273.10.491.85
Working Capital Days
Receivable Days21221915212824262723
Inventory Days67625352504569725350
Payable Days61606058595862615852

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 28-Mar-2024 16:01 is ₹2,233.5.
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 28-Mar-2024 16:01 the market cap of Honda India Power stood at ₹2,250.4.
The latest P/E ratio of Honda India Power as of 28-Mar-2024 16:01 is 27.37.
The latest P/B ratio of Honda India Power as of 28-Mar-2024 16:01 is 2.83.
The 52-week high of Honda India Power is ₹3,133 and the 52-week low is ₹1,915.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Honda India Power is ₹1,071 ( 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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