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Last Updated: April 2, 2026, 4:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 544014 | NSE: HONASA

Honasa Consumer Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹112.87Overvalued by 63.23%vs CMP ₹307.00

P/E (64.7) × ROE (5.5%) × BV (₹38.80) × DY (2.00%)

₹88.69Overvalued by 71.11%vs CMP ₹307.00
MoS: -246.1% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹220.2124%Over (-28.3%)
Graham NumberEarnings₹63.7114%Over (-79.2%)
Earnings PowerEarnings₹7.3512%Over (-97.6%)
DCFCash Flow₹110.1412%Over (-64.1%)
Net Asset ValueAssets₹38.738%Over (-87.4%)
EV/EBITDAEnterprise₹24.0610%Over (-92.2%)
Earnings YieldEarnings₹46.508%Over (-84.9%)
ROCE CapitalReturns₹10.828%Over (-96.5%)
Revenue MultipleRevenue₹57.276%Over (-81.3%)
Consensus (9 models)₹88.69100%Overvalued
Key Drivers: EPS CAGR 95.1% lifts DCF — verify sustainability. | Wide model spread (₹7–₹220) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 95.1%

*Investments are subject to market risks

Investment Snapshot

65
Honasa Consumer Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 7.4% WeakROE 5.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 0.57% Positive
Earnings Quality75/100 · Strong
OPM expanding (3% → 5%) ImprovingWorking capital: -14 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +99% YoY StrongOPM: 10.0% (up 6.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 64.7 vs industry 46.9 In-lineROCE 7.4% vs industry 29.2% Below peersROE 5.5% vs industry 23.9% Below peers3Y sales CAGR: 26% High growth

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, 4:48 am

Market Cap 10,003 Cr.
Current Price 307
Intrinsic Value₹88.69
High / Low 334/190
Stock P/E64.7
Book Value 38.8
Dividend Yield0.00 %
ROCE7.44 %
ROE5.51 %
Face Value 10.0
PEG Ratio0.68

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

View Share Price Target for Honasa Consumer Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Honasa Consumer Ltd 10,003 Cr. 307 334/19064.7 38.80.00 %7.44 %5.51 % 10.0
Cupid Ltd 11,677 Cr. 86.8 105/10.0140 2.840.00 %17.1 %12.9 % 1.00
Jyothy Labs Ltd 7,551 Cr. 206 400/19620.6 55.81.70 %24.6 %19.0 % 1.00
Bajaj Consumer Care Ltd 4,724 Cr. 362 409/15130.0 49.40.00 %19.1 %15.7 % 1.00
Emami Ltd 17,174 Cr. 393 655/38521.4 67.12.54 %32.4 %30.2 % 1.00
Industry Average60,427.93 Cr1,572.1446.89111.991.02%29.21%23.91%4.94

All Competitor Stocks of Honasa Consumer Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 355360426460451427544417505523584527587
Expenses 336357395415417398501447483499542483527
Operating Profit 1943146342942-302224424461
OPM % 5%1%7%10%8%7%8%-7%4%5%7%8%10%
Other Income 5-146118111819191920232015
Interest 1111233333333
Depreciation 455568781010899
Profit before tax 19-1483748373751-212832545164
Tax % 21%2%25%21%22%27%23%-29%11%23%26%25%25%
Net Profit 15-1512838292739-152525403848
EPS in Rs 1.11-11.112.032.770.900.821.21-0.460.760.761.231.181.48

Last Updated: March 3, 2026, 9:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:20 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 171104609321,3951,7641,8662,220
Expenses 215411,7949161,3501,6341,8122,051
Operating Profit -4-432-1,334164513054170
OPM % -26%-393%-290%2%3%7%3%8%
Other Income 141221-132587678
Interest 0013571111
Depreciation 012615233636
Profit before tax -4-428-1,32528-10715884201
Tax % 0%0%1%29%12%24%24%
Net Profit -4-428-1,33220-12112164151
EPS in Rs -3,431.37-419,637.25-1,306,098.0419,291.26-8.843.731.974.65
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-10600.00%-211.21%101.50%-705.00%200.00%-47.11%
Change in YoY Net Profit Growth (%)0.00%10388.79%312.72%-806.50%905.00%-247.11%

Honasa Consumer Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:03 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.010.010.010.01136324325325
Reserves 30-437-1,765712-1,302800875937
Borrowings 05931,97401,866110110116
Other Liabilities 42594240249387451473
Total Liabilities 341813039529491,6221,7611,852
Fixed Assets 012198126170165199
CWIP 00020000
Investments 26124164532392426459371
Other Assets 8561183214311,0261,1371,281
Total Assets 341813039529491,6221,7611,852

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -4-103052-2321878
Cash from Investing Activity + -23-117-21-5183-459-132
Cash from Financing Activity + 28129-1481-7344-24
Net Cash Flow 01815-27103-78
Free Cash Flow -5-112949-3121165
CFO/OP 95%2%-3%393%-24%192%131%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-4.00-1,025.00-2.0016.0044.0020.00-56.00

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 2024Mar 2025
Debtor Days 57352725303024
Inventory Days 86136115839584106
Days Payable 231217221210152184210
Cash Conversion Cycle -88-46-79-102-27-70-80
Working Capital Days 414-2-1112-9-14
ROCE %-461%-725%7%7%17%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 35.34%35.07%35.07%34.98%35.03%34.99%34.99%34.97%35.54%
FIIs 10.12%12.22%13.95%19.31%15.44%15.55%16.09%15.50%14.62%
DIIs 17.58%15.91%17.36%17.49%18.45%18.49%18.90%19.15%18.64%
Public 36.96%36.80%33.62%28.23%31.07%30.97%30.02%30.36%31.19%
No. of Shareholders 53,18651,09544,82465,72494,58592,00881,09081,84182,091

Shareholding Pattern Chart

No. of Shareholders

Honasa Consumer 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
Mirae Asset Great Consumer Fund 2,723,698 1.85 82.531,673,6982026-01-25 15:14:4762.74%
ICICI Prudential Bharat Consumption Fund 1,145,677 1.12 34.71N/AN/AN/A
ICICI Prudential FMCG Fund 754,726 1.3 22.87694,7262026-01-26 05:14:588.64%
Bandhan Aggressive Hybrid Fund 387,956 0.67 11.76360,3922026-03-16 07:09:057.65%
Union Multicap Fund 290,705 0.67 8.81N/AN/AN/A

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 10.0010.0010.0010.00
Basic EPS (Rs.) 2.243.57-4.660.53
Diluted EPS (Rs.) 2.233.55-4.660.53
Cash EPS (Rs.) 3.624.35-9.2416413.85
Book Value[Excl.RevalReserv]/Share (Rs.) 36.28-21.52-87.07-836393.85
Book Value[Incl.RevalReserv]/Share (Rs.) 36.28-21.52-87.07-836393.85
Revenue From Operations / Share (Rs.) 63.5659.21109.49725742.31
PBDIT / Share (Rs.) 4.535.763.3224876.15
PBIT / Share (Rs.) 3.144.821.4919572.31
PBT / Share (Rs.) 2.754.54-10.3517260.77
Net Profit / Share (Rs.) 2.233.41-11.0711110.00
NP After MI And SOA / Share (Rs.) 2.233.45-10.4712088.46
PBDIT Margin (%) 7.129.723.033.42
PBIT Margin (%) 4.948.131.362.69
PBT Margin (%) 4.337.66-9.442.37
Net Profit Margin (%) 3.515.75-10.111.53
NP After MI And SOA Margin (%) 3.515.82-9.561.66
Return on Networth / Equity (%) 6.16-16.020.00-1.44
Return on Capital Employeed (%) 7.8612.822.953.07
Return On Assets (%) 4.066.84-14.771.51
Asset Turnover Ratio (%) 1.211.481.490.00
Current Ratio (X) 2.072.732.262.90
Quick Ratio (X) 1.742.431.852.58
Inventory Turnover Ratio (X) 14.710.000.000.00
Interest Coverage Ratio (X) 11.6420.666.8010.76
Interest Coverage Ratio (Post Tax) (X) 6.7513.231.565.81
Enterprise Value (Cr.) 7216.2312548.960.000.00
EV / Net Operating Revenue (X) 3.496.540.000.00
EV / EBITDA (X) 49.0067.180.000.00
MarketCap / Net Operating Revenue (X) 3.656.790.000.00
Price / BV (X) 6.40-18.680.000.00
Price / Net Operating Revenue (X) 3.656.790.000.00
EarningsYield 0.010.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 1865.71 Cr. and Equity Capital is Rs. 325.18 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Personal CareUnit No. 404, 4th Floor, City Centre, Plot No. 05, New Delhi Delhi 110075Contact not found
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 intrinsic value of Honasa Consumer Ltd and is it undervalued?

As of 14 April 2026, Honasa Consumer Ltd's intrinsic value is ₹88.69, which is 71.11% lower than the current market price of ₹307.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.51 %), book value (₹38.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Honasa Consumer Ltd?

Honasa Consumer Ltd is trading at ₹307.00 as of 14 April 2026, with a FY2026-2027 high of ₹334 and low of ₹190. The stock is currently near its 52-week high. Market cap stands at ₹10,003 Cr..

How does Honasa Consumer Ltd's P/E ratio compare to its industry?

Honasa Consumer Ltd has a P/E ratio of 64.7, which is above the industry average of 46.89. The premium over industry average may reflect growth expectations or speculative interest.

Is Honasa Consumer Ltd financially healthy?

Key indicators for Honasa Consumer Ltd: ROCE of 7.44 % is on the lower side compared to the industry average of 29.21%; ROE of 5.51 % is below ideal levels (industry average: 23.91%). Dividend yield is 0.00 %.

Is Honasa Consumer Ltd profitable and how is the profit trend?

Honasa Consumer Ltd reported a net profit of ₹64 Cr in Mar 2025 on revenue of ₹1,866 Cr. Compared to ₹20 Cr in Mar 2022, the net profit shows an improving trend.

Does Honasa Consumer Ltd pay dividends?

Honasa Consumer Ltd has a dividend yield of 0.00 % at the current price of ₹307.00. The company is currently not paying meaningful dividends.

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
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