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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Honda India Power Products Ltd

About the Company - Honda India Power Products Ltd

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 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment. Company’s Total Operating Revenue is Rs. 1156.29 Cr. and Equity Capital is Rs. 10.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - Gensets/Turbines409, Tower B, DLF Commercial Complex, New Delhi Delhi 110025ho.legal@hspp.com
http://www.hondasielpower.com
Management
NamePosition Held
Mr. Shigeki IwamaChairman & M.D & CEO
Mr. Vinay MittalWholeTime Director & CFO
Mr. Noboru SubeWhole Time Director
Mr. Manoj AroraIndependent Director
Ms. Alka Marezban BharuchaIndependent Director
Mr. Ravi Prakash MehrotraIndependent Director
Ms. Anuradha DuttIndependent Director
Ms. Kaori OsakadaNon Executive Director

Basic Stock Data of Honda India Power Products Ltd

Last Updated: June 17, 2024, 8:31 pm

Market Cap 3,395 Cr.
Current Price 3,348
High / Low3,475/2,105
Stock P/E38.0
Book Value 801
Dividend Yield0.49 %
ROCE15.5 %
ROE11.5 %
Face Value 10.0
PEG Ratio7.26

Competitors of Honda India Power Products Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Solex Energy Ltd 1,154 Cr. 1,4421,640/387132 57.80.01 %21.3 %23.2 % 10.0
Industry Average1,154.00 Cr1,442.00132.0057.800.01%21.30%23.20%10.00

Honda India Power Products Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales248285296264231338324200394339313210285
Expenses219255275242211304301194338294285190249
Operating Profit2930212220332365645282035
OPM %12%11%7%8%9%10%7%3%14%13%9%10%12%
Other Income3449633663-13812
Interest0000000000000
Depreciation5555555555655
Profit before tax272920262131217574392342
Tax %27%27%24%25%25%25%27%25%25%26%36%26%26%
Net Profit192115201623165423261731
EPS in Rs19.2220.6215.0719.5315.6822.9115.364.8441.8231.505.7316.6630.75

Last Updated: June 13, 2024, 9:16 am

Honda India Power Products Ltd Quarterly Chart

Honda India Power Products Ltd Profit & Loss

Last Updated: June 3, 2024, 3:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5035165416316737027688168499391,1561,2461,147
Expenses4734774905605846066657257568661,0541,1111,018
Operating Profit313852708896103919373103135129
OPM %6%7%10%11%13%14%13%11%11%8%9%11%11%
Other Income527-51111161514201517210
Interest0001111111111
Depreciation10141821242323212220192121
Profit before tax73312959758894839066100115117
Tax %29%34%35%34%35%34%35%35%26%26%26%26%
Net Profit52211939495861546749758586
EPS in Rs50.9520.3118.5238.0848.1456.9660.5453.3965.5847.9873.4883.8984.64
Dividend Payout %18%20%22%16%12%13%15%19%19%21%20%20%

Honda India Power Products Ltd Profit & Loss Yearly Chart

Honda India Power Products Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:14%
TTM:-15%
Compounded Profit Growth
10 Years:17%
5 Years:10%
3 Years:15%
TTM:-2%
Stock Price CAGR
10 Years:14%
5 Years:17%
3 Years:36%
1 Year:17%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:11%
Last Year:14%

Last Updated: April 17, 2024, 1:09 am

Honda India Power Products Ltd Balance Sheet

Last Updated: June 3, 2024, 3:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves254270284315356412464507559595660727758
Borrowings0000000011111
Other Liabilities978597110113114124141148187194196176
Total Liabilities361365391435480536599658719794865934944
Fixed Assets77117114123112107101959891879192
CWIP101100013221391
Investments0000000000000
Other Assets274246275312367429497560619700765833851
Total Assets361365391435480536599658719794865934944

Honda India Power Products Ltd Reserves and Borrowings Chart

Honda India Power Products Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 48-301643101405521-1815237157
Cash from Investing Activity -1737-13-44-86-14-65-1347-9216-148
Cash from Financing Activity -9-11-5-5-7-8-9-11-13-14-11-16
Net Cash Flow22-4-1-5718-20-3174642-7

Honda India Power Products Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days202722181430282132282119
Inventory Days11712411885108758415698908386
Days Payable606267576361616469594661
Cash Conversion Cycle7689734659445111461585844
Working Capital Days606760344753133164110512718
ROCE %12%13%18%22%22%21%18%16%11%16%19%

Honda India Power Products Ltd Financial Efficiency Indicators Chart

Honda India Power Products Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%
FIIs1.01%0.34%0.38%0.42%0.46%0.56%0.59%1.53%1.72%1.73%1.79%1.59%
DIIs11.29%11.94%11.73%12.25%12.27%13.38%13.43%13.29%13.45%14.40%14.72%14.82%
Public21.04%21.05%21.22%20.66%20.60%19.39%19.32%18.51%18.17%17.20%16.81%16.92%
No. of Shareholders17,81417,26517,59216,22316,13916,12415,65817,98517,93717,38916,48520,177

Honda India Power Products Ltd Shareholding Pattern Chart

No. of Honda India Power Products Ltd Shareholders

Honda India Power Products Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund844,7300.5203.28844,7302024-06-150%
Tata Small Cap Fund514,4131.95123.79844,7302024-06-15-39.1%
Quant Active Fund142,8340.5134.37844,7302024-06-15-83.09%

Honda India Power Products Ltd ROCE Trend

Honda India Power Products Ltd EPS Trend

Honda India Power Products Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)90.9183.8973.4847.9965.58
Diluted EPS (Rs.)90.9183.8973.4847.9965.58
Cash EPS (Rs.)110.88104.4191.7767.9887.38
Book Value[Excl.RevalReserv]/Share (Rs.)800.90726.57660.63597.15561.75
Book Value[Incl.RevalReserv]/Share (Rs.)800.90726.57660.63597.15561.75
Dividend / Share (Rs.)17.5016.5015.0010.0012.50
Revenue From Operations / Share (Rs.)975.411229.081140.33925.98836.92
PBDIT / Share (Rs.)138.47152.13117.4285.48106.94
PBIT / Share (Rs.)118.53131.6499.1565.5085.17
PBT / Share (Rs.)122.02113.8198.6865.2389.18
Net Profit / Share (Rs.)90.9483.9273.5048.0065.60
PBDIT Margin (%)14.1912.3710.299.2312.77
PBIT Margin (%)12.1510.718.697.0710.17
PBT Margin (%)12.509.258.657.0410.65
Net Profit Margin (%)9.326.826.445.187.83
Return on Networth / Equity (%)11.3511.5411.128.0311.67
Return on Capital Employeed (%)14.7818.0614.9610.9315.11
Return On Assets (%)9.299.148.656.159.29
Asset Turnover Ratio (%)1.031.391.401.251.24
Current Ratio (X)4.303.923.293.273.86
Quick Ratio (X)3.513.042.362.392.40
Inventory Turnover Ratio (X)3.233.803.872.673.24
Dividend Payout Ratio (NP) (%)0.0017.8713.6026.0515.24
Dividend Payout Ratio (CP) (%)0.0014.3610.8918.3911.44
Earning Retention Ratio (%)0.0082.1386.4073.9584.76
Cash Earning Retention Ratio (%)0.0085.6489.1181.6188.56
Interest Coverage Ratio (X)319.11265.97248.04309.57361.47
Interest Coverage Ratio (Post Tax) (X)201.52177.88156.27174.82208.17
Enterprise Value (Cr.)1708.961572.51972.22835.55811.36
EV / Net Operating Revenue (X)1.731.260.840.880.95
EV / EBITDA (X)12.1710.198.179.647.48
MarketCap / Net Operating Revenue (X)2.271.641.081.030.99
Retention Ratios (%)0.0082.1286.3973.9484.75
Price / BV (X)2.772.771.871.601.49
Price / Net Operating Revenue (X)2.271.641.081.030.99
EarningsYield0.040.040.050.050.07

Honda India Power Products Ltd Profitability Ratios (%)

Honda India Power Products Ltd Liquidity Ratios

Honda India Power Products Ltd Liquidity Ratios (%)

Honda India Power Products Ltd Interest Coverage Ratios (%)

Honda India Power Products Ltd Valuation Ratios

Fair Value

Fair Value: 3,517.52

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.

Undervalued: 5.06% compared to the current price 3348

Intrinsic Value: 3,701.67

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.56% compared to the current price ₹3348

Last 5 Year EPS CAGR: 5.24%

*Investments are subject to market risks

Strength and Weakness of Honda India Power Products Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.67%, which is a positive sign.
  2. The company has higher reserves (473.92 cr) compared to borrowings (0.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (533.92 cr) and profit (78.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 68.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 64.42, which may not be favorable.

FAQ

What is the latest fair value of Honda India Power Products Ltd?

The latest fair value of Honda India Power Products Ltd is ₹3517.52.

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

The Market Cap of Honda India Power Products Ltd is 3,395 Cr..

What is the current Stock Price of Honda India Power Products Ltd as on 19 June 2024?

The current stock price of Honda India Power Products Ltd as on 19 June 2024 is ₹3,348.

What is the High / Low of Honda India Power Products Ltd stocks in FY 2024?

In FY 2024, the High / Low of Honda India Power Products Ltd stocks is 3,475/2,105.

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

The Stock P/E of Honda India Power Products Ltd is 38.0.

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

The Book Value of Honda India Power Products Ltd is 801.

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

The Dividend Yield of Honda India Power Products Ltd is 0.49 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Honda India Power Products Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE