Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 522064 | NSE: HONDAPOWER

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

Fair Value

₹1,442.08Overvalued by 26.09%vs CMP ₹1,951.00

P/E (24.1) × ROE (9.5%) × BV (₹750.00) × DY (5.31%)

₹910.43Overvalued by 53.34%vs CMP ₹1,951.00
MoS: -114.3% (Negative)Confidence: 70/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,437.9720%Over (-26.3%)
Graham NumberEarnings₹1,105.6315%Over (-43.3%)
Earnings PowerEarnings₹701.4012%Over (-64%)
DCFCash Flow₹785.9012%Over (-59.7%)
Net Asset ValueAssets₹749.637%Over (-61.6%)
EV/EBITDAEnterprise₹1,084.988%Over (-44.4%)
Dividend DiscountDividends₹102.008%Over (-94.8%)
Earnings YieldEarnings₹724.407%Over (-62.9%)
ROCE CapitalReturns₹682.787%Over (-65%)
Revenue MultipleRevenue₹783.165%Over (-59.9%)
Consensus (10 models)₹910.43100%Overvalued
Key Drivers: Wide model spread (₹102–₹1,438) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.3%

*Investments are subject to market risks

Investment Snapshot

57
Honda India Power Products Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.8% GoodROE 9.5% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 66.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum58/100 · Moderate
Revenue (4Q): -1% YoY FlatProfit (4Q): +9% YoY Positive
Industry Rank40/100 · Moderate
P/E 24.1 vs industry 23.8 In-lineROCE 12.8% vs industry 14.4% Average3Y sales CAGR: -12% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:03 am

Market Cap 1,978 Cr.
Current Price 1,951
Intrinsic Value₹910.43
High / Low 3,256/1,815
Stock P/E24.1
Book Value 750
Dividend Yield5.31 %
ROCE12.8 %
ROE9.47 %
Face Value 10.0
PEG Ratio-84.65

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

View Share Price Target for Honda India Power Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Honda India Power Products Ltd 1,978 Cr. 1,951 3,256/1,81524.1 7505.31 %12.8 %9.47 % 10.0
Solex Energy Ltd 1,090 Cr. 1,009 1,985/66523.4 1670.05 %28.2 %38.7 % 10.0
Envair Electrodyne Ltd 20.8 Cr. 44.8 130/38.6 18.30.00 %2.25 %5.88 % 10.0
Industry Average1,534.00 Cr1,001.6023.75311.771.79%14.42%18.02%10.00

All Competitor Stocks of Honda India Power Products Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 394339313210285263231144177204269155176
Expenses 338294285190249230221128170183225146164
Operating Profit 564528203533101672143811
OPM % 14%13%9%10%12%13%5%11%4%10%16%5%6%
Other Income 63-13812101611101011109
Interest 0000000000000
Depreciation 5565555555666
Profit before tax 5743923423821221126491315
Tax % 25%26%36%26%26%25%24%26%26%26%26%26%26%
Net Profit 42326173128161691936911
EPS in Rs 41.8231.505.7316.6630.7527.9215.5815.928.4218.8235.659.3511.01

Last Updated: January 1, 2026, 10:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5416316737027688168499391,1561,246989794870
Expenses 4905605846066657257568661,0541,111890706774
Operating Profit 52708896103919373103135998895
OPM % 10%11%13%14%13%11%11%8%9%11%10%11%11%
Other Income -511111615142015172454227
Interest 0111111111110
Depreciation 18212423232122201921202223
Profit before tax 295975889483906610011512410899
Tax % 35%34%35%34%35%35%26%26%26%26%25%26%
Net Profit 19394958615467497585928073
EPS in Rs 18.5238.0848.1456.9660.5453.3965.5847.9873.4883.8990.9178.8172.44
Dividend Payout % 22%16%12%13%15%19%19%21%20%20%19%27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)105.26%25.64%18.37%5.17%-11.48%24.07%-26.87%53.06%13.33%8.24%-13.04%
Change in YoY Net Profit Growth (%)0.00%-79.62%-7.27%-13.19%-16.65%35.55%-50.94%79.93%-39.73%-5.10%-21.28%

Honda India Power Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-1%
3 Years:-12%
TTM:-13%
Compounded Profit Growth
10 Years:8%
5 Years:5%
3 Years:2%
TTM:-17%
Stock Price CAGR
10 Years:10%
5 Years:23%
3 Years:25%
1 Year:-23%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:11%
Last Year:9%

Last Updated: September 5, 2025, 6:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:23 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 284315356412464507559595660727802853750
Borrowings 0000001111000
Other Liabilities 97110113114124141148187194196184194191
Total Liabilities 3914354805365996587197948659349971,058952
Fixed Assets 114123112107101959891879198107107
CWIP 100013221397819
Investments 0000000000000
Other Assets 275312367429497560619700765833892943826
Total Assets 3914354805365996587197948659349971,058952

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1643101405521-181523715710622
Cash from Investing Activity + -13-44-86-14-65-1347-9216-148-97-69
Cash from Financing Activity + -5-5-7-8-9-11-13-14-11-16-18-28
Net Cash Flow -1-5718-20-3174642-7-9-75
Free Cash Flow -4169027403-391382112983-18
CFO/OP 57%95%142%80%91%62%13%234%62%145%132%61%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow52.0070.0088.0096.00103.0091.0092.0072.00102.00134.0099.0088.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 272218143028213228211954
Inventory Days 12411885108758415698908389106
Days Payable 626757636161646959466167
Cash Conversion Cycle 8973465944511146158584793
Working Capital Days 676034475313316411051272046
ROCE %13%18%22%22%21%18%16%11%16%19%15%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 1.72%1.73%1.79%1.59%1.45%1.42%1.41%1.36%1.37%1.16%1.10%1.09%
DIIs 13.45%14.40%14.72%14.82%15.31%16.93%17.95%18.18%18.18%18.23%18.23%18.23%
Public 18.17%17.20%16.81%16.92%16.56%15.00%13.97%13.80%13.78%13.95%14.01%14.02%
No. of Shareholders 17,93717,38916,48520,17720,76218,21019,09220,60722,70623,41925,09425,084

Shareholding Pattern Chart

No. of Shareholders

Honda India Power Products Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 894,730 0.28 182.31894,7302025-04-22 17:25:320%
Tata Small Cap Fund 521,006 0.99 106.16515,9782025-12-08 00:58:550.97%
Quant Multi Cap Fund 432,082 1.18 88.04N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 78.8190.9183.8973.4847.99
Diluted EPS (Rs.) 78.8190.9183.8973.4847.99
Cash EPS (Rs.) 100.33110.88104.4191.7767.98
Book Value[Excl.RevalReserv]/Share (Rs.) 851.61800.90726.57660.63597.15
Book Value[Incl.RevalReserv]/Share (Rs.) 851.61800.90726.57660.63597.15
Dividend / Share (Rs.) 31.5017.5016.5015.0010.00
Revenue From Operations / Share (Rs.) 783.26975.411229.081140.33925.98
PBDIT / Share (Rs.) 128.16138.47152.13117.4285.48
PBIT / Share (Rs.) 106.67118.53131.6499.1565.50
PBT / Share (Rs.) 106.21122.02113.8198.6865.23
Net Profit / Share (Rs.) 78.8490.9483.9273.5048.00
PBDIT Margin (%) 16.3614.1912.3710.299.23
PBIT Margin (%) 13.6112.1510.718.697.07
PBT Margin (%) 13.5612.509.258.657.04
Net Profit Margin (%) 10.069.326.826.445.18
Return on Networth / Equity (%) 9.2511.3511.5411.128.03
Return on Capital Employeed (%) 12.5114.7818.0614.9610.93
Return On Assets (%) 7.639.299.148.656.15
Asset Turnover Ratio (%) 0.771.031.391.401.25
Current Ratio (X) 4.454.303.923.293.27
Quick Ratio (X) 3.803.513.042.362.39
Inventory Turnover Ratio (X) 6.113.233.803.872.67
Dividend Payout Ratio (NP) (%) 34.8818.1517.8713.6026.05
Dividend Payout Ratio (CP) (%) 27.4114.8814.3610.8918.39
Earning Retention Ratio (%) 65.1281.8582.1386.4073.95
Cash Earning Retention Ratio (%) 72.5985.1285.6489.1181.61
Interest Coverage Ratio (X) 282.52319.11265.97248.04309.57
Interest Coverage Ratio (Post Tax) (X) 174.78201.52177.88156.27174.82
Enterprise Value (Cr.) 1513.271708.961572.51972.22835.55
EV / Net Operating Revenue (X) 1.911.731.260.840.88
EV / EBITDA (X) 11.6412.1710.198.179.64
MarketCap / Net Operating Revenue (X) 2.592.271.641.081.03
Retention Ratios (%) 65.1181.8482.1286.3973.94
Price / BV (X) 2.382.772.771.871.60
Price / Net Operating Revenue (X) 2.592.271.641.081.03
EarningsYield 0.030.040.040.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 794.23 Cr. and Equity Capital is Rs. 10.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - Gensets/Turbines409, Tower B, New Delhi Delhi 110025Contact not found
Management
NamePosition Held
Mr. Shigeki IwamaChairman & M.D & CEO
Mr. Vinay MittalWholeTime Director & CFO
Mr. Akihiro SakuraiWhole Time Director
Mr. Yasuhiro TakabatakeNon Executive Director
Mr. Nitin SavaraIndependent Director
Mr. Ravi Prakash MehrotraIndependent Director
Ms. Anuradha DuttIndependent Director
Mr. Balachandran DharmanIndependent Director

FAQ

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

As of 16 April 2026, Honda India Power Products Ltd's intrinsic value is ₹910.43, which is 53.34% lower than the current market price of ₹1,951.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.47 %), book value (₹750), dividend yield (5.31 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Honda India Power Products Ltd?

Honda India Power Products Ltd is trading at ₹1,951.00 as of 16 April 2026, with a FY2026-2027 high of ₹3,256 and low of ₹1,815. The stock is currently near its 52-week low. Market cap stands at ₹1,978 Cr..

How does Honda India Power Products Ltd's P/E ratio compare to its industry?

Honda India Power Products Ltd has a P/E ratio of 24.1, which is above the industry average of 23.75. The premium over industry average may reflect growth expectations or speculative interest.

Is Honda India Power Products Ltd financially healthy?

Key indicators for Honda India Power Products Ltd: ROCE of 12.8 % is moderate. Dividend yield is 5.31 %.

Is Honda India Power Products Ltd profitable and how is the profit trend?

Honda India Power Products Ltd reported a net profit of ₹80 Cr in Mar 2025 on revenue of ₹794 Cr. Compared to ₹75 Cr in Mar 2022, the net profit shows an improving trend.

Does Honda India Power Products Ltd pay dividends?

Honda India Power Products Ltd has a dividend yield of 5.31 % at the current price of ₹1,951.00. This is a relatively attractive yield for income-seeking investors.

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
Explore Industry-wise Stock Analysis Reports