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Last Updated on: 22 January, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 544014 | NSE: HONASA

Honasa Consumer Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: January 21, 2025, 9:17 pm

Market Cap 8,064 Cr.
Current Price 248
High / Low 547/222
Stock P/E107
Book Value 35.5
Dividend Yield0.00 %
ROCE17.1 %
ROE%
Face Value 10.0
PEG Ratio0.82

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

View Share Price Target for Honasa Consumer Ltd

Competitors of Honasa Consumer Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honasa Consumer Ltd 8,064 Cr. 248 547/222107 35.50.00 %17.1 %% 10.0
Ambica Agarbathies Aroma & Industries Ltd 51.8 Cr. 30.1 43.2/23.234.5 60.60.00 %5.07 %3.65 % 10.0
Ador Multi Products Ltd 13.4 Cr. 28.6 45.9/27.6 23.20.00 %33.6 %26.7 % 10.0
Kaya Ltd 408 Cr. 308 702/267 1060.00 %80.4 %% 10.0
Jyothy Labs Ltd 14,143 Cr. 385 596/36737.6 51.40.91 %27.0 %21.2 % 1.00
Industry Average71,157.71 Cr2,114.9551.78103.860.73%36.43%29.37%4.94

All Competitor Stocks of Honasa Consumer Ltd

Quarterly Result

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales387355360426460451427498417
Expenses356336357395415417398460447
Operating Profit301943146342938-30
OPM %8%5%1%7%10%8%7%8%-7%
Other Income55-14611811181819
Interest211112333
Depreciation445556878
Profit before tax3019-1483748373747-21
Tax %26%21%2%25%21%22%27%25%-29%
Net Profit2215-1512838292735-15
EPS in Rs1.621.11-11.112.032.770.900.821.07-0.46

Last Updated: January 5, 2025, 7:55 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:20 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales171104609321,3951,7641,794
Expenses215411,7949161,3501,6341,722
Operating Profit-4-432-1,334164513072
OPM %-26%-393%-290%2%3%7%4%
Other Income141221-1325867
Interest00135710
Depreciation0126152329
Profit before tax-4-428-1,32528-10715899
Tax %0%0%1%29%12%24%
Net Profit-4-428-1,33220-12112175
EPS in Rs-3,431.37-419,637.25-1,306,098.0419,291.26-8.843.732.33
Dividend Payout %0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-10600.00%-211.21%101.50%-705.00%200.00%
Change in YoY Net Profit Growth (%)0.00%10388.79%312.72%-806.50%905.00%

Honasa Consumer Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:154%
3 Years:57%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:97%
3 Years:28%
TTM:-3%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-49%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:29 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.010.010.010.01136324325
Reserves30-437-1,765712-1,302800828
Borrowings05931,97401,866110117
Other Liabilities42594240249387420
Total Liabilities341813039529491,6221,689
Fixed Assets012198126170336
CWIP0002000
Investments26124164532392426216
Other Assets8561183214311,0261,137
Total Assets341813039529491,6221,689

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-4-103052-23218
Cash from Investing Activity +-23-117-21-5183-459
Cash from Financing Activity +28129-1481-7344
Net Cash Flow01815-27103

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-4.00-1,025.00-2.0016.0044.0020.00

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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days573527253030
Inventory Days86136115839584
Days Payable231217221210152184
Cash Conversion Cycle-88-46-79-102-27-70
Working Capital Days514-0-1115-6
ROCE %-461%-725%7%7%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023Mar 2024Jun 2024Sep 2024
Promoters35.34%35.07%35.07%34.98%
FIIs10.12%12.22%13.95%19.31%
DIIs17.58%15.91%17.36%17.49%
Public36.96%36.80%33.62%28.23%
No. of Shareholders53,18651,09544,82465,724

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Invesco India Mid Cap Fund1,702,6281.3278.121,655,0002025-01-182.88%
Canara Robeco Small Cap Fund1,655,0000.675.931,655,0002025-01-180%
PGIM India Midcap Opportunities Fund1,108,3310.4350.851,655,0002025-01-18-33.03%
Invesco India ELSS Tax Saver Fund1,052,1851.5848.271,655,0002025-01-18-36.42%
PGIM India Flexi Cap Fund962,7720.6644.171,655,0002025-01-18-41.83%
Mirae Asset Great Consumer Fund867,5750.8939.81,655,0002025-01-18-47.58%
Sundaram Small Cap Fund715,8090.9232.841,655,0002025-01-18-56.75%
Invesco India Flexi Cap Fund579,6381.1826.591,655,0002025-01-18-64.98%
WhiteOak Capital Flexi Cap Fund539,3170.5824.741,655,0002025-01-18-67.41%
Aditya Birla Sun Life India GenNext Fund372,6020.2717.11,655,0002025-01-18-77.49%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue10.0010.0010.00
Basic EPS (Rs.)3.57-4.660.53
Diluted EPS (Rs.)3.55-4.660.53
Cash EPS (Rs.)4.35-9.2416413.85
Book Value[Excl.RevalReserv]/Share (Rs.)-21.52-87.07-836393.85
Book Value[Incl.RevalReserv]/Share (Rs.)-21.52-87.07-836393.85
Revenue From Operations / Share (Rs.)59.21109.49725742.31
PBDIT / Share (Rs.)5.763.3224876.15
PBIT / Share (Rs.)4.821.4919572.31
PBT / Share (Rs.)4.54-10.3517260.77
Net Profit / Share (Rs.)3.41-11.0711110.00
NP After MI And SOA / Share (Rs.)3.45-10.4712088.46
PBDIT Margin (%)9.723.033.42
PBIT Margin (%)8.131.362.69
PBT Margin (%)7.66-9.442.37
Net Profit Margin (%)5.75-10.111.53
NP After MI And SOA Margin (%)5.82-9.561.66
Return on Networth / Equity (%)-16.020.00-1.44
Return on Capital Employeed (%)12.822.953.07
Return On Assets (%)6.84-14.771.51
Asset Turnover Ratio (%)1.481.490.00
Current Ratio (X)2.732.262.90
Quick Ratio (X)2.431.852.58
Interest Coverage Ratio (X)20.666.8010.76
Interest Coverage Ratio (Post Tax) (X)13.231.565.81
Enterprise Value (Cr.)12548.960.000.00
EV / Net Operating Revenue (X)6.540.000.00
EV / EBITDA (X)67.180.000.00
MarketCap / Net Operating Revenue (X)6.790.000.00
Price / BV (X)-18.680.000.00
Price / Net Operating Revenue (X)6.790.000.00
EarningsYield0.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Honasa Consumer Ltd as of January 22, 2025 is: 581.17

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 January 22, 2025, Honasa Consumer Ltd is Undervalued by 134.34% compared to the current share price 248.00

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of Honasa Consumer Ltd as of January 22, 2025 is: 1,336.80

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 January 22, 2025, Honasa Consumer Ltd is Undervalued by 439.03% compared to the current share price 248.00

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 130.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 2.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -68.67, which is a positive sign.
  1. The stock has a low average ROCE of -192.50%, which may not be favorable.
  2. The company has higher borrowings (665.71) compared to reserves (-162.00), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (217.43) and profit (-36.43).

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 Honasa Consumer Ltd:
    1. Net Profit Margin: 5.75%
      • 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: 12.82% (Industry Average ROCE: 36.43%)
      • 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%: -16.02% (Industry Average ROE: 25.7%)
      • 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): 13.23
      • 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: 2.43
      • 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: 107 (Industry average Stock P/E: 42.07)
      • 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

Honasa Consumer Ltd. is a Public Limited Listed company incorporated on 16/09/2016 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74999DL2016PLC306016 and registration number is 306016. Currently Company is involved in the business activities of Retail Trading. Company's Total Operating Revenue is Rs. 1764.39 Cr. and Equity Capital is Rs. 324.24 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Personal CareUnit No. 404, 4th Floor, City Centre, Plot No. 05, New Delhi Delhi 110075info@mamaearth.in
http://www.honasa.in
Management
NamePosition Held
Mr. Varun AlaghChairman,WTD & CEO
Mr. Ghazal AlaghWhole Time Director
Mr. Vivek GambhirIndependent Director
Mr. Subramaniam SomasundaramIndependent Director
Ms. Namita GuptaIndependent Director
Mr. Ishaan MittalNominee Director

FAQ

What is the latest intrinsic value of Honasa Consumer Ltd?

The latest intrinsic value of Honasa Consumer Ltd as on 22 January 2025 is ₹581.17, which is 134.34% higher than the current market price of ₹248.00. The stock has a market capitalization of 8,064 Cr. and recorded a high/low of 547/222 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹828 Cr and total liabilities of ₹1,689 Cr.

What is the Market Cap of Honasa Consumer Ltd?

The Market Cap of Honasa Consumer Ltd is 8,064 Cr..

What is the current Stock Price of Honasa Consumer Ltd as on 22 January 2025?

The current stock price of Honasa Consumer Ltd as on 22 January 2025 is 248.

What is the High / Low of Honasa Consumer Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Honasa Consumer Ltd stocks is 547/222.

What is the Stock P/E of Honasa Consumer Ltd?

The Stock P/E of Honasa Consumer Ltd is 107.

What is the Book Value of Honasa Consumer Ltd?

The Book Value of Honasa Consumer Ltd is 35.5.

What is the Dividend Yield of Honasa Consumer Ltd?

The Dividend Yield of Honasa Consumer Ltd is 0.00 %.

What is the ROCE of Honasa Consumer Ltd?

The ROCE of Honasa Consumer Ltd is 17.1 %.

What is the ROE of Honasa Consumer Ltd?

The ROE of Honasa Consumer Ltd is %.

What is the Face Value of Honasa Consumer Ltd?

The Face Value of Honasa Consumer Ltd is 10.0.

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 Honasa Consumer 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