Honda India Power Products Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 3, 2025, 1:21 am

Market Cap	2,047 Cr.
Current Price	2,026
High / Low	4,500/1,852
Stock P/E	36.2
Book Value	807
Dividend Yield	0.86 %
ROCE	15.5 %
ROE	11.5 %
Face Value	10.0
PEG Ratio	8.77

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Honda India Power Products Ltd

Competitors of Honda India Power Products Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Envair Electrodyne Ltd	44.5 Cr.	96.0	274/83.0		17.4	0.00 %	12.4 %	9.98 %	10.0
Solex Energy Ltd	752 Cr.	696	1,787/619	35.6	122	0.08 %	17.9 %	20.8 %	10.0
Honda India Power Products Ltd	2,047 Cr.	2,026	4,500/1,852	36.2	807	0.86 %	15.5 %	11.5 %	10.0
Industry Average	1,399.50 Cr	939.33		35.90	315.47	0.31%	15.27%	14.09%	10.00

All Competitor Stocks of Honda India Power Products Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	338	324	200	394	339	313	210	285	263	231	144	177	204
Expenses	304	301	194	338	294	285	190	249	230	221	128	170	183
Operating Profit	33	23	6	56	45	28	20	35	33	10	16	7	21
OPM %	10%	7%	3%	14%	13%	9%	10%	12%	13%	5%	11%	4%	10%
Other Income	3	3	6	6	3	-13	8	12	10	16	11	10	10
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	5	5	5	6	5	5	5	5	5	5	5
Profit before tax	31	21	7	57	43	9	23	42	38	21	22	11	26
Tax %	25%	27%	25%	25%	26%	36%	26%	26%	25%	24%	26%	26%	26%
Net Profit	23	16	5	42	32	6	17	31	28	16	16	9	19
EPS in Rs	22.91	15.36	4.84	41.82	31.50	5.73	16.66	30.75	27.92	15.58	15.92	8.42	18.82

Last Updated: February 28, 2025, 7:27 pm

Below is a detailed analysis of the quarterly data for Honda India Power Products Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹204.00 Cr.. The value appears strong and on an upward trend. It has increased from 177.00 Cr. (Sep 2024) to ₹204.00 Cr., marking an increase of 27.00 Cr..
For Expenses, as of Dec 2024, the value is ₹183.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 170.00 Cr. (Sep 2024) to ₹183.00 Cr., marking an increase of 13.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹21.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Sep 2024) to ₹21.00 Cr., marking an increase of 14.00 Cr..
For OPM %, as of Dec 2024, the value is 10.00%. The value appears strong and on an upward trend. It has increased from 4.00% (Sep 2024) to 10.00%, marking an increase of 6.00%.
For Other Income, as of Dec 2024, the value is ₹10.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 10.00 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹5.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 5.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹26.00 Cr.. The value appears strong and on an upward trend. It has increased from 11.00 Cr. (Sep 2024) to ₹26.00 Cr., marking an increase of 15.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 26.00%.
For Net Profit, as of Dec 2024, the value is ₹19.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Sep 2024) to ₹19.00 Cr., marking an increase of 10.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 18.82. The value appears strong and on an upward trend. It has increased from 8.42 (Sep 2024) to 18.82, marking an increase of 10.40.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:02 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	516	541	631	673	702	768	816	849	939	1,156	1,246	989	757
Expenses	477	490	560	584	606	665	725	756	866	1,054	1,111	890	702
Operating Profit	38	52	70	88	96	103	91	93	73	103	135	99	55
OPM %	7%	10%	11%	13%	14%	13%	11%	11%	8%	9%	11%	10%	7%
Other Income	7	-5	11	11	16	15	14	20	15	17	2	45	47
Interest	0	0	1	1	1	1	1	1	1	1	1	1	0
Depreciation	14	18	21	24	23	23	21	22	20	19	21	20	21
Profit before tax	31	29	59	75	88	94	83	90	66	100	115	124	80
Tax %	34%	35%	34%	35%	34%	35%	35%	26%	26%	26%	26%	25%
Net Profit	21	19	39	49	58	61	54	67	49	75	85	92	60
EPS in Rs	20.31	18.52	38.08	48.14	56.96	60.54	53.39	65.58	47.98	73.48	83.89	90.91	58.74
Dividend Payout %	20%	22%	16%	12%	13%	15%	19%	19%	21%	20%	20%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-9.52%	105.26%	25.64%	18.37%	5.17%	-11.48%	24.07%	-26.87%	53.06%	13.33%	8.24%
Change in YoY Net Profit Growth (%)	0.00%	114.79%	-79.62%	-7.27%	-13.19%	-16.65%	35.55%	-50.94%	79.93%	-39.73%	-5.10%

Honda India Power Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	4%
3 Years:	2%
TTM:	-29%

Compounded Profit Growth
10 Years:	14%
5 Years:	10%
3 Years:	23%
TTM:	-39%

Stock Price CAGR
10 Years:	6%
5 Years:	20%
3 Years:	18%
1 Year:	-12%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	12%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:34 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	270	284	315	356	412	464	507	559	595	660	727	802	809
Borrowings	0	0	0	0	0	0	0	1	1	1	1	0	0
Other Liabilities	85	97	110	113	114	124	141	148	187	194	196	184	132
Total Liabilities	365	391	435	480	536	599	658	719	794	865	934	997	951
Fixed Assets	117	114	123	112	107	101	95	98	91	87	91	98	101
CWIP	1	1	0	0	0	1	3	2	2	13	9	7	7
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	246	275	312	367	429	497	560	619	700	765	833	892	844
Total Assets	365	391	435	480	536	599	658	719	794	865	934	997	951

Below is a detailed analysis of the balance sheet data for Honda India Power Products Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹10.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 10.00 Cr..
For Reserves, as of Sep 2024, the value is ₹809.00 Cr.. The value appears strong and on an upward trend. It has increased from 802.00 Cr. (Mar 2024) to ₹809.00 Cr., marking an increase of 7.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹132.00 Cr.. The value appears to be improving (decreasing). It has decreased from 184.00 Cr. (Mar 2024) to ₹132.00 Cr., marking a decrease of 52.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹951.00 Cr.. The value appears to be improving (decreasing). It has decreased from 997.00 Cr. (Mar 2024) to ₹951.00 Cr., marking a decrease of 46.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹101.00 Cr.. The value appears strong and on an upward trend. It has increased from 98.00 Cr. (Mar 2024) to ₹101.00 Cr., marking an increase of 3.00 Cr..
For CWIP, as of Sep 2024, the value is ₹7.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 7.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹844.00 Cr.. The value appears to be declining and may need further review. It has decreased from 892.00 Cr. (Mar 2024) to ₹844.00 Cr., marking a decrease of 48.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹951.00 Cr.. The value appears to be declining and may need further review. It has decreased from 997.00 Cr. (Mar 2024) to ₹951.00 Cr., marking a decrease of 46.00 Cr..

Notably, the Reserves (₹809.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-30	16	43	101	40	55	21	-18	152	37	157	106
Cash from Investing Activity +	37	-13	-44	-86	-14	-65	-13	47	-92	16	-148	-97
Cash from Financing Activity +	-11	-5	-5	-7	-8	-9	-11	-13	-14	-11	-16	-18
Net Cash Flow	-4	-1	-5	7	18	-20	-3	17	46	42	-7	-9

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	38.00	52.00	70.00	88.00	96.00	103.00	91.00	92.00	72.00	102.00	134.00	99.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	20	27	22	18	14	30	28	21	32	28	21	19
Inventory Days	117	124	118	85	108	75	84	156	98	90	83	89
Days Payable	60	62	67	57	63	61	61	64	69	59	46	61
Cash Conversion Cycle	76	89	73	46	59	44	51	114	61	58	58	47
Working Capital Days	60	67	60	34	47	53	133	164	110	51	27	20
ROCE %	12%	13%	18%	22%	22%	21%	18%	16%	11%	16%	19%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%
FIIs	0.38%	0.42%	0.46%	0.56%	0.59%	1.53%	1.72%	1.73%	1.79%	1.59%	1.45%	1.42%
DIIs	11.73%	12.25%	12.27%	13.38%	13.43%	13.29%	13.45%	14.40%	14.72%	14.82%	15.31%	16.93%
Public	21.22%	20.66%	20.60%	19.39%	19.32%	18.51%	18.17%	17.20%	16.81%	16.92%	16.56%	15.00%
No. of Shareholders	17,592	16,223	16,139	16,124	15,658	17,985	17,937	17,389	16,485	20,177	20,762	18,210

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	894,730	0.59	334.28	894,730	2025-04-02	0%
Tata Small Cap Fund	515,978	2.45	192.78	894,730	2025-04-02	-42.33%
Quant Active Fund	305,581	1.06	114.17	894,730	2025-04-02	-65.85%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	90.91	83.89	73.48	47.99	65.58
Diluted EPS (Rs.)	90.91	83.89	73.48	47.99	65.58
Cash EPS (Rs.)	110.88	104.41	91.77	67.98	87.38
Book Value[Excl.RevalReserv]/Share (Rs.)	800.90	726.57	660.63	597.15	561.75
Book Value[Incl.RevalReserv]/Share (Rs.)	800.90	726.57	660.63	597.15	561.75
Dividend / Share (Rs.)	17.50	16.50	15.00	10.00	12.50
Revenue From Operations / Share (Rs.)	975.41	1229.08	1140.33	925.98	836.92
PBDIT / Share (Rs.)	138.47	152.13	117.42	85.48	106.94
PBIT / Share (Rs.)	118.53	131.64	99.15	65.50	85.17
PBT / Share (Rs.)	122.02	113.81	98.68	65.23	89.18
Net Profit / Share (Rs.)	90.94	83.92	73.50	48.00	65.60
PBDIT Margin (%)	14.19	12.37	10.29	9.23	12.77
PBIT Margin (%)	12.15	10.71	8.69	7.07	10.17
PBT Margin (%)	12.50	9.25	8.65	7.04	10.65
Net Profit Margin (%)	9.32	6.82	6.44	5.18	7.83
Return on Networth / Equity (%)	11.35	11.54	11.12	8.03	11.67
Return on Capital Employeed (%)	14.78	18.06	14.96	10.93	15.11
Return On Assets (%)	9.29	9.14	8.65	6.15	9.29
Asset Turnover Ratio (%)	1.03	1.39	1.40	1.25	1.24
Current Ratio (X)	4.30	3.92	3.29	3.27	3.86
Quick Ratio (X)	3.51	3.04	2.36	2.39	2.40
Inventory Turnover Ratio (X)	3.23	3.80	3.87	2.67	3.24
Dividend Payout Ratio (NP) (%)	18.15	17.87	13.60	26.05	15.24
Dividend Payout Ratio (CP) (%)	14.88	14.36	10.89	18.39	11.44
Earning Retention Ratio (%)	81.85	82.13	86.40	73.95	84.76
Cash Earning Retention Ratio (%)	85.12	85.64	89.11	81.61	88.56
Interest Coverage Ratio (X)	319.11	265.97	248.04	309.57	361.47
Interest Coverage Ratio (Post Tax) (X)	201.52	177.88	156.27	174.82	208.17
Enterprise Value (Cr.)	1708.96	1572.51	972.22	835.55	811.36
EV / Net Operating Revenue (X)	1.73	1.26	0.84	0.88	0.95
EV / EBITDA (X)	12.17	10.19	8.17	9.64	7.48
MarketCap / Net Operating Revenue (X)	2.27	1.64	1.08	1.03	0.99
Retention Ratios (%)	81.84	82.12	86.39	73.94	84.75
Price / BV (X)	2.77	2.77	1.87	1.60	1.49
Price / Net Operating Revenue (X)	2.27	1.64	1.08	1.03	0.99
EarningsYield	0.04	0.04	0.05	0.05	0.07

After reviewing the key financial ratios for Honda India Power Products Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 90.91. This value is within the healthy range. It has increased from 83.89 (Mar 23) to 90.91, marking an increase of 7.02.
For Diluted EPS (Rs.), as of Mar 24, the value is 90.91. This value is within the healthy range. It has increased from 83.89 (Mar 23) to 90.91, marking an increase of 7.02.
For Cash EPS (Rs.), as of Mar 24, the value is 110.88. This value is within the healthy range. It has increased from 104.41 (Mar 23) to 110.88, marking an increase of 6.47.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 800.90. It has increased from 726.57 (Mar 23) to 800.90, marking an increase of 74.33.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 800.90. It has increased from 726.57 (Mar 23) to 800.90, marking an increase of 74.33.
For Dividend / Share (Rs.), as of Mar 24, the value is 17.50. This value exceeds the healthy maximum of 3. It has increased from 16.50 (Mar 23) to 17.50, marking an increase of 1.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 975.41. It has decreased from 1,229.08 (Mar 23) to 975.41, marking a decrease of 253.67.
For PBDIT / Share (Rs.), as of Mar 24, the value is 138.47. This value is within the healthy range. It has decreased from 152.13 (Mar 23) to 138.47, marking a decrease of 13.66.
For PBIT / Share (Rs.), as of Mar 24, the value is 118.53. This value is within the healthy range. It has decreased from 131.64 (Mar 23) to 118.53, marking a decrease of 13.11.
For PBT / Share (Rs.), as of Mar 24, the value is 122.02. This value is within the healthy range. It has increased from 113.81 (Mar 23) to 122.02, marking an increase of 8.21.
For Net Profit / Share (Rs.), as of Mar 24, the value is 90.94. This value is within the healthy range. It has increased from 83.92 (Mar 23) to 90.94, marking an increase of 7.02.
For PBDIT Margin (%), as of Mar 24, the value is 14.19. This value is within the healthy range. It has increased from 12.37 (Mar 23) to 14.19, marking an increase of 1.82.
For PBIT Margin (%), as of Mar 24, the value is 12.15. This value is within the healthy range. It has increased from 10.71 (Mar 23) to 12.15, marking an increase of 1.44.
For PBT Margin (%), as of Mar 24, the value is 12.50. This value is within the healthy range. It has increased from 9.25 (Mar 23) to 12.50, marking an increase of 3.25.
For Net Profit Margin (%), as of Mar 24, the value is 9.32. This value is within the healthy range. It has increased from 6.82 (Mar 23) to 9.32, marking an increase of 2.50.
For Return on Networth / Equity (%), as of Mar 24, the value is 11.35. This value is below the healthy minimum of 15. It has decreased from 11.54 (Mar 23) to 11.35, marking a decrease of 0.19.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.78. This value is within the healthy range. It has decreased from 18.06 (Mar 23) to 14.78, marking a decrease of 3.28.
For Return On Assets (%), as of Mar 24, the value is 9.29. This value is within the healthy range. It has increased from 9.14 (Mar 23) to 9.29, marking an increase of 0.15.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.03. It has decreased from 1.39 (Mar 23) to 1.03, marking a decrease of 0.36.
For Current Ratio (X), as of Mar 24, the value is 4.30. This value exceeds the healthy maximum of 3. It has increased from 3.92 (Mar 23) to 4.30, marking an increase of 0.38.
For Quick Ratio (X), as of Mar 24, the value is 3.51. This value exceeds the healthy maximum of 2. It has increased from 3.04 (Mar 23) to 3.51, marking an increase of 0.47.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.23. This value is below the healthy minimum of 4. It has decreased from 3.80 (Mar 23) to 3.23, marking a decrease of 0.57.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 18.15. This value is below the healthy minimum of 20. It has increased from 17.87 (Mar 23) to 18.15, marking an increase of 0.28.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 14.88. This value is below the healthy minimum of 20. It has increased from 14.36 (Mar 23) to 14.88, marking an increase of 0.52.
For Earning Retention Ratio (%), as of Mar 24, the value is 81.85. This value exceeds the healthy maximum of 70. It has decreased from 82.13 (Mar 23) to 81.85, marking a decrease of 0.28.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 85.12. This value exceeds the healthy maximum of 70. It has decreased from 85.64 (Mar 23) to 85.12, marking a decrease of 0.52.
For Interest Coverage Ratio (X), as of Mar 24, the value is 319.11. This value is within the healthy range. It has increased from 265.97 (Mar 23) to 319.11, marking an increase of 53.14.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 201.52. This value is within the healthy range. It has increased from 177.88 (Mar 23) to 201.52, marking an increase of 23.64.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,708.96. It has increased from 1,572.51 (Mar 23) to 1,708.96, marking an increase of 136.45.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.73. This value is within the healthy range. It has increased from 1.26 (Mar 23) to 1.73, marking an increase of 0.47.
For EV / EBITDA (X), as of Mar 24, the value is 12.17. This value is within the healthy range. It has increased from 10.19 (Mar 23) to 12.17, marking an increase of 1.98.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.27. This value is within the healthy range. It has increased from 1.64 (Mar 23) to 2.27, marking an increase of 0.63.
For Retention Ratios (%), as of Mar 24, the value is 81.84. This value exceeds the healthy maximum of 70. It has decreased from 82.12 (Mar 23) to 81.84, marking a decrease of 0.28.
For Price / BV (X), as of Mar 24, the value is 2.77. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.77.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.27. This value is within the healthy range. It has increased from 1.64 (Mar 23) to 2.27, marking an increase of 0.63.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Honda India Power Products Ltd as of April 3, 2025 is: 2,710.75

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2025, Honda India Power Products Ltd is Undervalued by 33.80% compared to the current share price 2,026.00

Intrinsic Value of Honda India Power Products Ltd as of April 3, 2025 is: 2,822.70

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2025, Honda India Power Products Ltd is Undervalued by 39.32% compared to the current share price 2,026.00

Last 5 Year EPS CAGR: 4.13%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.92%, which is a positive sign. The company has higher reserves (520.00 cr) compared to borrowings (0.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (629.46 cr) and profit (79.54 cr) over the years.	The stock has a high average Working Capital Days of 68.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 64.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Honda India Power Products Ltd:
1. Net Profit Margin: 9.32%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.78% (Industry Average ROCE: 15.27%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.35% (Industry Average ROE: 14.09%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 201.52
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 3.51
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 36.2 (Industry average Stock P/E: 35.9)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Honda India Power Products Ltd. is a Public Limited Listed company incorporated on 19/09/1985 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L40103DL2004PLC203950 and registration number is 203950. Currently Company is involved in the business activities of Manufacture of power generators (except battery charging alternators for internal combustion engines), motor generator sets (except turbine generator set units). Company's Total Operating Revenue is Rs. 989.07 Cr. and Equity Capital is Rs. 10.14 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - Gensets/Turbines	409, Tower B, DLF Commercial Complex, New Delhi Delhi 110025	ho.legal@hspp.com http://www.hondasielpower.com

Management
Name	Position Held
Mr. Shigeki Iwama	Chairman & M.D & CEO
Mr. Vinay Mittal	WholeTime Director & CFO
Mr. Akihiro Sakurai	Whole Time Director
Mr. Nitin Savara	Independent Director
Ms. Alka Marezban Bharucha	Independent Director
Mr. Ravi Prakash Mehrotra	Independent Director
Ms. Anuradha Dutt	Independent Director
Ms. Kaori Osakada	Non Executive Director

FAQ

What is the intrinsic value of Honda India Power Products Ltd?

Honda India Power Products Ltd's intrinsic value (as of 03 April 2025) is ₹2710.75 — 33.80% higher the current market price of ₹2,026.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 2,047 Cr. market cap, FY2025-2026 high/low of ₹4,500/1,852, reserves of 809 Cr, and liabilities of 951 Cr.

What is the Market Cap of Honda India Power Products Ltd?

The Market Cap of Honda India Power Products Ltd is 2,047 Cr..

What is the current Stock Price of Honda India Power Products Ltd as on 03 April 2025?

The current stock price of Honda India Power Products Ltd as on 03 April 2025 is 2,026.

What is the High / Low of Honda India Power Products Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Honda India Power Products Ltd stocks is ₹4,500/1,852.

What is the Stock P/E of Honda India Power Products Ltd?

The Stock P/E of Honda India Power Products Ltd is 36.2.

What is the Book Value of Honda India Power Products Ltd?

The Book Value of Honda India Power Products Ltd is 807.

What is the Dividend Yield of Honda India Power Products Ltd?

The Dividend Yield of Honda India Power Products Ltd is 0.86 %.

What is the ROCE of Honda India Power Products Ltd?

The ROCE of Honda India Power Products Ltd is 15.5 %.

What is the ROE of Honda India Power Products Ltd?

The ROE of Honda India Power Products Ltd is 11.5 %.

What is the Face Value of Honda India Power Products Ltd?

The Face Value of Honda India Power Products Ltd is 10.0.