Honda India Power Products Ltd (HONDAPOWER) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue from operations	285	263	231	144	177	204	269	155	176	270	265	189
Operating costs	249	230	221	128	170	183	225	146	164	238	235	175
EBITDA	35	33	10	16	7	21	43	8	11	32	30	14
EBITDA margin %	12%	13%	4.5%	11%	4.0%	10%	16%	5%	6%	12%	11%	8%
Depreciation & amortisation	5	5	5	5	5	5	6	6	6	6	6	7
Finance costs	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income	12	10	16	11	10	10	11	10	9	-3	11	7
Pre-tax profit	42	38	21	22	11	26	49	13	15	23	35	15
Effective tax rate %	26%	25%	24%	26%	26%	26%	26%	26%	26%	27%	23%	26%
Profit after tax	31	28	16	16	9	19	36	9	11	17	27	11
Earnings per share (Rs)	30.75	27.92	15.58	15.92	8.42	18.82	35.65	9.35	11.01	16.43	26.54	10.94

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue from operations	673	702	768	816	849	939	1,156	1,246	989	794	865	900
Operating costs	584	606	665	725	756	866	1,054	1,111	890	706	784	812
EBITDA	88	96	103	91	93	73	103	135	99	88	82	88
EBITDA margin %	13%	14%	13%	11%	11%	8%	9%	11%	10%	11%	9%	10%
Depreciation & amortisation	24	23	23	21	22	20	19	21	20	22	23	24
Finance costs	1	1	1	1	1	1	1	1	1	1	0	0
Non-operating income	11	16	15	14	20	15	17	2	45	42	27	25
Pre-tax profit	75	88	94	83	90	66	100	115	124	108	86	88
Effective tax rate %	35%	34%	35%	35%	26%	26%	26%	26%	25%	26%	25%
Profit after tax	49	58	61	54	67	49	75	85	92	80	64	66
Earnings per share (Rs)	48.14	56.96	60.54	53.39	65.58	47.98	73.48	83.89	90.91	78.81	63.33	64.92
Paid out as dividend %	12%	13%	15%	19%	19%	21%	20%	20%	19%	27%	36%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Revenue CAGR	3%	-2%	-11%	12%
Profit CAGR	4%	8%	-9%	0%
Share price CAGR	3%	8%	-12%		-31%
Average return on equity	11%	11%	10%			9%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net block (property, plant)	123	112	107	101	95	98	91	87	91	98	107	132
Capital work in progress	0	0	0	1	3	2	2	13	9	7	8	44
Investments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Current & other assets	312	367	429	497	560	619	700	765	833	892	943	867
Total assets	435	480	536	599	658	719	794	865	934	997	1,058	1,042
Share capital	10	10	10	10	10	10	10	10	10	10	10	10
Reserves & surplus	315	356	412	464	507	559	595	660	727	802	853	793
Total debt	-0	-0	-0	-0	-0	1	1	1	1	0	0	1
Other liabilities & provisions	110	113	114	124	141	148	187	194	196	184	194	238
Equity + liabilities	435	480	536	599	658	719	794	865	934	997	1,058	1,042

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating cash flow	43	101	40	55	21	-18	152	37	157	106	22	-11
Investing cash flow	-44	-86	-14	-65	-13	47	-92	16	-148	-97	-69	173
Free cash flow (after capex)	16	90	27	40	3	-39	138	21	129	83	-18	-63
Financing cash flow	-5	-7	-8	-9	-11	-13	-14	-11	-16	-18	-28	-126
Net change in cash	-5	7	18	-20	-3	17	46	42	-7	-9	-75	36
Cash conversion (OCF / EBITDA) %	95%	142%	80%	91%	62%	13%	234%	62%	145%	132%	61%	20%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Return on capital employed %	18%	22%	22%	21%	18%	16%	11%	16%	19%	15%	13%	12%
Receivable days	22	18	14	30	28	21	32	28	21	19	54	66
Inventory days	118	85	108	75	84	156	98	90	83	89	106	116
Payable days	67	57	63	61	61	64	69	59	46	61	67	78
Cash cycle (days)	73	46	59	44	51	114	61	58	58	47	93	105
Working capital days	60	34	47	53	133	164	110	51	27	20	46	198

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter group %	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%
Foreign investors %	1.79%	1.59%	1.45%	1.42%	1.41%	1.36%	1.37%	1.16%	1.10%	1.09%	1.05%	0.98%
Domestic institutions %	14.72%	14.82%	15.31%	16.93%	17.95%	18.18%	18.18%	18.23%	18.23%	18.23%	18.27%	18.27%
Retail & others %	16.81%	16.92%	16.56%	15.00%	13.97%	13.80%	13.78%	13.95%	14.01%	14.02%	14.02%	14.09%
Shareholder count	16,485	20,177	20,762	18,210	19,092	20,607	22,706	23,419	25,094	25,084	25,273	25,099

Fundamentals

Market value₹ 1,906 Cr.

Last price₹ 1,886

P/E (trailing)26.1

Book value / share₹ 792

Return on capital11.5 %

Return on equity8.61 %

Dividend yield6.71 %

Face value₹ 10.0

Revenue CAGR (TTM)12%

Profit CAGR (TTM)0%

Standalone figures.

Valuation

Market capRs 1,913 Cr

Enterprise valueRs 1,835 Cr

P/E (TTM)29.05x

Price to book2.38x

Price to sales2.13x

EV / EBITDA16.30x

EV / EBIT20.81x

EV / sales2.04x

Earnings yield3.44%

Dividend yield1.22%

P/E, 3-year average26.40x

P/B, 3-year average2.49x

P/E, 5-year average24.00x

P/B, 5-year average2.42x

Profitability

Operating margin (excl. other income)9.45%

Operating margin (incl. other income)12.62%

EBITDA margin12.51%

Pre-tax margin9.78%

Net profit margin7.32%

Net margin, latest quarter5.87%

ROE7.71%

ROCE10.30%

ROA6.12%

ROE, 3-year average9.72%

ROCE, 3-year average13.08%

ROA, 3-year average7.82%

ROE, 5-year average10.59%

ROCE, 5-year average14.31%

ROA, 5-year average8.38%

ROIC (approx.)9.12%

Tax rate25.03%

Other income / net worth3.41%

Growth

Sales growth (latest year)8.97%

Profit growth (latest year)-19.64%

Sales CAGR, 3 years-11.45%

Sales CAGR, 5 years-1.62%

Profit CAGR, 3 years-8.94%

Profit CAGR, 5 years5.71%

Sales growth QoQ-28.46%

Profit growth QoQ-58.77%

Sales growth YoY (latest quarter)22.17%

Profit growth YoY (latest quarter)17.09%

Per share

EPS (TTM)Rs 64.93

EPS (latest year)Rs 63.33

EPS (latest quarter)Rs 10.94

EPS, 3-year averageRs 77.68

EPS, 5-year averageRs 78.08

Book value per shareRs 792.04

Sales per shareRs 887.10

Cash flow per shareRs -10.52

Dividend per share (latest year)Rs 22.99

Dividend per share, 3-year averageRs 20.66

Dividend per share, 5-year averageRs 18.69

Dividends

Dividend payout36.30%

Dividend payout, 3-year average27.60%

Dividend payout, 5-year average24.58%

Efficiency

Asset turnover0.83x

Fixed asset turnover6.57x

Inventory turnover3.27x

Inventory days111 days

Debtor days66 days

Debtors turnover5.49x

Leverage

Total debtRs 1 Cr

Cash and bankRs 79 Cr

Net debtRs -78 Cr

Debt to equity0.00x

Net debt / EBITDA-0.70x

Interest coverage489.89x

Current ratio (filing 2026-03-31)3.36x

Quick ratio (filing 2026-03-31)2.70x

Trade payables (filing 2026-03-31)Rs 107 Cr

Owners' fund to total sources77.08%

Debt to assets0.10%

Cash flow

Operating cash flow (latest year)Rs -11 Cr

Investing cash flow (latest year)Rs 173 Cr

Financing cash flow (latest year)Rs -126 Cr

Net change in cash (latest year)Rs 36 Cr

Statement figures

Net sales (TTM)Rs 900 Cr

Net sales (latest year)Rs 865 Cr

Sales (latest quarter)Rs 189 Cr

Operating profit excl. other income (latest year)Rs 82 Cr

Operating profit (latest quarter)Rs 14 Cr

Other income (TTM)Rs 25 Cr

EBITDA (TTM)Rs 113 Cr

PBDT (TTM)Rs 112 Cr

Profit before tax (TTM)Rs 88 Cr

Tax (latest year)Rs 21 Cr

Net profit (TTM)Rs 66 Cr

Net profit (latest year)Rs 64 Cr

Net profit (latest quarter)Rs 11 Cr

Depreciation (TTM)Rs 24 Cr

Depreciation (latest quarter)Rs 7 Cr

Interest (TTM)Rs 0 Cr

Cost of goods sold (latest year)Rs 527 Cr

Total expenditure (latest year)Rs 784 Cr

Total income (latest year)Rs 893 Cr

Share capitalRs 10 Cr

ReservesRs 793 Cr

Shareholders' fundsRs 803 Cr

Total assetsRs 1,042 Cr

Net blockRs 132 Cr

Capital work in progressRs 44 Cr

ReceivablesRs 158 Cr

InventoryRs 161 Cr

Other liabilitiesRs 238 Cr

Shares outstanding (crore)1.01

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 29.1 is at the 66th percentile of its own 9.4-year range (median 26.1, low 14.6, high 44.6).

P/B 2.38 is at the 40th percentile (median 2.59).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	HONDAPOWER	Nifty 50	Difference
1 week	-1.0%	-2.8%	+1.8 pts
1 month	-5.4%	-6.8%	+1.4 pts
3 months	-13.6%	-7.6%	-6.0 pts
6 months	+2.1%	+0.4%	+1.7 pts
1 year	-33.4%	-9.9%	-23.5 pts
2 years	-51.8%	-13.6%	-38.2 pts
3 years	-32.9%	+14.2%	-47.1 pts
5 years	+54.5%	+27.9%	+26.7 pts

4 mutual fund schemes hold about ₹374 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Nippon India Small Cap Fund	0.22%	181	+2%
Tata Small Cap Fund	0.80%	105	+2%
Quant Multi Cap Fund	1.13%	87	+8%
Motilal Oswal BSE 1000 Index Fund	0.00%	0

Red flags

F-score 3 of 8

explain	Weak cash conversion Cash from operations was 50% of net profit over the last 3 years
explain	Debt up, profit down Borrowings up 890% while net profit fell in 2026
look	Auditor change Auditor change 2026-05-26: Honda India Power Products Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹189 Cr +21.9% vs Jun 2025. Net profit ₹11 Cr +22.2%.

Against our estimate for Jun 2026: sales +5.6%, profit -2.0% in line. Our estimate for Sep 2026: sales Rs 194 Cr, profit Rs 12 Cr (how).

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-08-19	Dividend - Rs 23 Per Share
2026-02-18	Intereim Dividend - Rs 3.50 Per Share
2025-09-18	Dividend - Rs 21.50 Per Share
2025-08-21	Interim Dividend - Rs 100 Per Share
2025-02-18	Special Dividend - Rs 10 Per Share
2024-08-29	Annual General Meeting/Dividend - Rs 17.5 Per Share
2023-08-03	Annual General Meeting/Dividend - Rs 16.50 Per Share
2022-09-16	Annual General Meeting/Dividend - Rs 15 Per Share
2021-09-13	Annual General Meeting/Dividend - Rs 10 Per Share
2020-09-11	Annual General Meeting/Dividend - Rs 12.50 Per Share
2019-07-30	Annual General Meeting/Dividend - Rs 10 Per Share
2018-08-03	Annual General Meeting/ Dividend- Rs 9 Per Share
2017-07-27	Annual General Meeting/Dividend - Rs 7.5 Per Share
2016-08-03	Annual General Meeting/ Dividend - Rs 6/- Per Share
2015-08-04	Annual General Meeting And Dividend Rs.6/- Per Share
2014-07-24	Annual General Meeting / Dividend - Rs 4/- Per Share
2013-07-25	Annual General Meeting/Dividend Rs 4/- Per Share
2012-08-23	Annual General Meeting / Dividend Rs 9 Per Share
2011-08-02	Annual General Meeting And Dividend Rs.7.50 Per Share
2010-08-11	Annual General Meeting And Dividend Rs.4/- Per Share
2009-08-28	Agm/Div-Rs.4/- Per Share
2008-09-01	Agm/Dividend - 40%
2007-07-18	Dividend-40%
2006-07-18	Dividend-40%

Date	Type	What it says
2026-09-09	Regulatory action	Action(s) initiated or orders passed
2026-08-31	Appointment	Appointment of Mr Hideki Sawauchi as Senior Management Personnel ( SMP ) of the company w.e.f. August 31, 2026.
2026-08-27	Shareholder meeting	Voting results.
2026-08-26	Director change	Change in Director(s) of the company.
2026-08-26	Shareholder meeting	Proceedings of Annual General Meeting held on August 26, 2026
2026-07-31	General Updates	General Updates
2026-07-31	Record Date	Record date for the purpose of Dividend is 19-Aug-2026.
2026-07-31	Shareholder meeting	Notice of Annual General Meeting to be held on August 26, 2026
2026-07-31	Retirement	Retirement
2026-07-30	Resignation	Resignation of Director/KMP/SMP
2026-07-30	General Updates	General Updates
2026-07-30	Resignation	Resignation of Director/KMP/SMP
2026-07-30	Resignation	Resignation of Mr Vinay Mittal as Executive Director of the company w.e.f. September 01, 2026.
2026-07-30	Cessation	Cessation of Mr Vinay Mittal as Chief Financial Officer of the company w.e.f. October 01, 2026.
2026-07-30	Appointment	Appointment of Mr Sameer Jain as Chief Financial Officer of the company w.e.f. October 01, 2026.
2026-07-30	Board meeting outcome	Honda India Power Products Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30	Integrated Filing- Financial	Integrated Financials
2026-06-22	General Updates	General Updates
2026-05-26	Board meeting outcome	Outcome of Board Meeting held on May 26, 2026.
2026-05-26	General Updates	General Updates regarding the revision in outcome of the Board Meeting held on May 26, 2026
2026-05-26	Change in Auditors	Change in Auditors of the company.
2026-05-26	Board meeting outcome	Outcome of Board Meeting held on May 26, 2026.
2026-05-26	General Updates	General Updates
2026-05-26	Board meeting outcome	Outcome of Board Meeting held on May 26, 2026.
2026-05-26	Board meeting outcome	Outcome of Board Meeting held on May 26, 2026.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Order date	Forum	Case
2017-07-25	CESTAT	PATPARGANJ ---VS.--- HONDA SIEL POWER PRODUCTS PVT LTD
2017-07-17	CESTAT	PATPARGANJ ---VS.--- HONDA SIEL POWER PRODUCTS PVT LTD

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Honda India Power Products Ltd?

Honda India Power Products Ltd (HONDAPOWER) has a market capitalisation of Rs 1,906 Cr. at the 2026-10-01 close.

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

Honda India Power Products Ltd trades at a P/E of 26.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Honda India Power Products Ltd's latest quarterly results?

In the Jun 2026 quarter, Honda India Power Products Ltd sales was Rs 189 Cr (+21.9% vs Jun 2025) and net profit was Rs 11 Cr.

What is the 52-week high and low of Honda India Power Products Ltd?

The 52-week high is Rs 2,783.00 and the 52-week low is Rs 1,816.60.