Honda India Power Products Limited HONDAPOWER NSEINFRA

Industrials · Specialty Industrial Machinery · India

https://www.hondaindiapower.com

Honda India Power Products Limited engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, hand tools, portable gensets, tillers, and marine engines in India and internationally. It also markets fishery products comprising long tail outboard motors. In addition, it provides agriculture products, including reapers, HTP sprayers, and power weeder; and ploughs, manure spreaders, seeders, and harrows, as well as other machineries for soil preparation, planting, and fertilizing, harvesting, and threshing; and power weeder. In addition, the company offers light construction products, such as concrete cutter and vibrator, plate and reversible plate compactor, power trowel, and welder. Further, it provides generator synchronization and AMF panel, power generators, motor generator sets, engines, turbines, pumps, compressors, taps, valves, and chargeover and remote switches. The company was formerly known as Honda Siel Power Products Limited and changed its name to Honda India Power Products Limited in July 2020. Honda India Power Products Limited was incorporated in 1985 and is headquartered in Gautam Buddha Nagar, India. Honda India Power Products Limited is a subsidiary of Honda Motor Co., Ltd.

Market & Price

Market Cap

₹2,397.21 Cr

Current Price

₹2,363.40

High / Low (52W)

₹3,059.06 / ₹1,847.20

Beta

0.77

Valuation

Stock P/E

37.31

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹749.75

Price to Book

3.15

P/S

2.77

EV/EBITDA

28.38

Dividend Yield

6.26%

Profitability & Returns

ROCE

10.67%

ROE

7.71%

ROA

3.52%

Profit Margin

7.42%

Op Margin

8.97%

EPS (Latest Qtr)

₹26.54

EPS (TTM)

₹63.34

Balance Sheet & Liquidity

Debt/Equity

0.12

Quick Ratio

1.04

Current Ratio

3.36

Debt

₹99.00 L

Total Assets

₹1,031.82 Cr

Current Assets

₹765.26 Cr

Working Capital

₹537.73 Cr

Ownership

Promoter Holding

67.29%

Chg in Prom Hold

FII / Inst Holding

18.79%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹2,318.80 Cr

Total Revenue (TTM)

₹865.45 Cr

EBITDA

₹81.72 Cr

Free Cash Flow

₹-358.56 Cr

Operating Cash Flow

₹-10.67 Cr

Shares Outstanding

₹1.01 Cr

Gross Margin

41.63%

Payout Ratio

197.38%

Growth (CAGR)

Revenue 5Y

-11.01%

Profit 5Y

-8.94%

Revenue (YoY)

-1.50%

Earnings (YoY)

-25.50%

PROS

Attractive dividend yield of 6.26%.

CONS

Revenue declined at -11.0% CAGR over 5 years.
Earnings shrank at -8.9% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HONDAPOWER Honda India Power Products Limited NSEINFRA	2,363.40	37.31	₹2,397.21 Cr	6.26%	10.67%	7.71%	-11.01%	-8.94%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	268.68 Cr	154.91 Cr	175.61 Cr	270.40 Cr	264.53 Cr
Cost of Revenue	-	-	146.88 Cr	85.67 Cr	101.41 Cr	162.33 Cr	155.79 Cr
Gross Profit	-	-	121.80 Cr	69.24 Cr	74.20 Cr	108.07 Cr	108.74 Cr
Operating Expenses	-	-	84.09 Cr	66.33 Cr	68.58 Cr	81.84 Cr	85.02 Cr
Operating Income	-	-	37.71 Cr	2.91 Cr	5.62 Cr	26.23 Cr	23.72 Cr
EBITDA	-	-	54.66 Cr	18.36 Cr	20.81 Cr	28.53 Cr	41.39 Cr
Interest Expense	-	-	32.00 L	4.00 L	3.00 L	4.00 L	5.00 L
Pretax Income	-	-	48.65 Cr	12.79 Cr	15.07 Cr	22.73 Cr	35.10 Cr
Tax Provision	-	-	12.49 Cr	3.31 Cr	3.90 Cr	6.06 Cr	8.18 Cr
Net Income	-	-	36.16 Cr	9.48 Cr	11.17 Cr	16.67 Cr	26.92 Cr
Diluted EPS	-	-	35.65	9.35	11.01	16.43	26.54

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,228.08 Cr	977.98 Cr	794.23 Cr	865.45 Cr
Cost of Revenue	-	800.28 Cr	642.39 Cr	443.99 Cr	505.20 Cr
Gross Profit	-	427.80 Cr	335.59 Cr	350.24 Cr	360.25 Cr
Operating Expenses	-	313.35 Cr	255.68 Cr	284.36 Cr	301.77 Cr
Operating Income	-	114.45 Cr	79.91 Cr	65.88 Cr	58.48 Cr
EBITDA	-	136.76 Cr	144.39 Cr	129.96 Cr	109.09 Cr
Interest Expense	-	58.00 L	44.00 L	46.00 L	16.00 L
Pretax Income	-	115.40 Cr	123.73 Cr	107.70 Cr	85.69 Cr
Tax Provision	-	30.31 Cr	31.52 Cr	27.76 Cr	21.45 Cr
Net Income	-	85.09 Cr	92.21 Cr	79.94 Cr	64.24 Cr
Diluted EPS	73.48	83.89	90.91	78.81	-

Compounded Sales Growth

5 Years:	-11.01%
1 Year:	-1.50%

Compounded Profit Growth

5 Years:	-8.94%
1 Year:	-25.50%

Stock Price Performance

1 Year:	-15.35%
6 Months:	-4.97%
3 Months:	+6.90%
1 Month:	+2.21%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	930.14 Cr	991.93 Cr	1,047.50 Cr	1,031.82 Cr
Current Assets	-	749.52 Cr	769.10 Cr	816.01 Cr	765.26 Cr
Cash & Equivalents	-	114.65 Cr	106.06 Cr	30.65 Cr	66.33 Cr
Inventory	-	166.95 Cr	140.93 Cr	118.85 Cr	150.35 Cr
Receivables	-	70.84 Cr	50.74 Cr	118.05 Cr	157.66 Cr
Total Liabilities	-	193.40 Cr	179.82 Cr	183.97 Cr	228.45 Cr
Current Liabilities	-	191.42 Cr	178.81 Cr	183.55 Cr	227.53 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	81.00 L	47.00 L	10.00 L	99.00 L
Total Equity	-	736.74 Cr	812.11 Cr	863.53 Cr	803.37 Cr
Shares Outstanding	-	1.01 Cr	1.01 Cr	1.01 Cr	1.01 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	157.33 Cr	105.64 Cr	22.09 Cr	-10.67 Cr
Investing Cash Flow	-	-149.86 Cr	-98.67 Cr	-69.80 Cr	172.41 Cr
Financing Cash Flow	-	-16.20 Cr	-17.54 Cr	-28.45 Cr	-126.39 Cr
Capital Expenditure	-	-29.58 Cr	-23.19 Cr	-41.36 Cr	-52.37 Cr
Free Cash Flow	-	127.75 Cr	82.45 Cr	-19.27 Cr	-63.04 Cr
Net Change in Cash	-	-8.73 Cr	-10.57 Cr	-76.16 Cr	35.35 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	34.8%	34.3%	44.1%	41.6%
Operating Margin %	-	9.3%	8.2%	8.3%	6.8%
Net Margin %	-	6.9%	9.4%	10.1%	7.4%
ROE %	-	11.5%	11.4%	9.3%	8.0%
ROCE %	-	15.5%	9.8%	7.6%	7.3%

Shareholding Pattern

Insiders

67.29%

Institutions

18.79%

Public Float

57.45%

Analyst View

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HONDAPOWER · Industrials