Honda India Power Products Limited

Honda India Power Products Limited

1,752.20
INR
-42.80
(-2.38%)
64.92EPS
33.49P/E
22.05BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
533.71
621.83
663.32
690.66
748.79
796.18
822.1
911.45
1,122.47
1,210.76
964.19
777.65
846.81
886.91
Basic EPS, GAAP
18.52
38.08
48.14
56.96
60.54
53.39
65.58
47.98
73.48
83.89
90.91
78.81
63.33
64.92
Free Cash Flow per Basic Share
-4.14
15.59
86.99
23.82
38.64
2.21
-39.28
134.82
19.94
125.95
81.29
-19
-62.15
- -
Dividend per Share
4
4
6
6
7.5
9
10
12.5
10
15
16.49
27.39
124.34
- -
Book Value per Share
289.96
320.48
367.43
416.55
467.76
509.81
561.58
596.97
660.43
726.35
800.65
851.35
792.04
- -
Tangible Book Value per Share
285.46
315.02
363.43
412.59
464.17
507.86
560.86
596.31
658.77
723.97
798.16
848.44
788.92
- -
Basic Weighted Avg Shares
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Sales/Revenue/Turnover
5,413
6,307
6,728
7,005
7,595
8,076
8,339
9,245
11,385
12,281
9,780
7,888
8,589
8,998
Operating Margin (%)
6.48
7.96
9.84
10.88
10.82
8.73
8.62
6.09
7.39
9.32
8.17
8.44
6.93
7.04
Depreciation Expense
184
217
238
235
225
211
221
203
185
208
202
218
232
244
Net Income, GAAP
188
386
488
578
614
542
665
487
745
851
922
799
642
659
Effective Tax Rate (%)
35.07
34.47
34.96
34.42
34.91
35
26.44
26.41
25.51
26.27
25.47
25.78
25.03
25.16
Profit Margin (%)
3.47
6.12
7.26
8.25
8.09
6.71
7.98
5.26
6.55
6.93
9.43
10.13
7.48
7.32
Working Capital
1,458
1,640
2,159
2,309
3,000
3,548
4,122
4,155
4,341
5,581
5,903
6,325
5,377
- -
LT Debt
- -
- -
- -
- -
- -
- -
12
14
11
8
2
- -
5
- -
Total Equity
2,941
3,251
3,727
4,225
4,745
5,171
5,696
6,055
6,699
7,367
8,121
8,635
8,034
- -
Return on Invested Capital (%)
5.86
11.41
12.36
12.37
11.79
8.71
10.28
7.07
9.7
10.13
8.01
5.9
4.4
- -
Return on Capital (%)
6.54
12.48
14.08
14.6
13.73
10.94
12.27
8.3
11.72
12.14
11.94
9.58
7.72
- -
Return on Common Equity (%)
6.54
12.48
14
14.53
13.69
10.92
12.24
8.28
11.69
12.1
11.91
9.54
7.71
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
5
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
23,735
18,842
22,051

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
7,653
- -
Cash, Cash Equivalents & STI
- -
4,142
- -
Accounts Receivable, Net
- -
1,577
- -
Inventories
- -
1,504
- -
Total Current Liabilities
- -
2,275
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.13%
6.04%
-6.97%
Free Cash Flow
-191.19%
102.92%
227.14%
Net Income, GAAP
5.15%
8.54%
-19.64%
Sales/Revenue/Turnover
3.32%
0.04%
8.89%
Total Cash Common Dividend
54.11%
92%
354%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,442
1,772
2,042
2,687
7,888
2026
1,549
1,756
2,704
2,645
8,589
2027
1,893
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
15.92
8.42
18.82
35.65
78.81
2026
9.35
11.01
16.43
26.54
63.33
2027
10.94
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
27.39
2026
- -
- -
- -
- -
124.34
2027
- -
- -
- -
- -
- -

Company Description

CEO
Shigeki Iwamatsu
Full Time Employees
1,118
Sector
Producer manufacturing
Industry
Electrical products
Address
Plot No.5 Noida UP India 201306
IPO Date
Mar 8, 1995
Business
Honda India Power Products Limited manufactures and markets portable power products in India, including generators, general purpose engines, water pumps, tillers, brush cutters, lawn mowers and outboard motors; it operates as a subsidiary of Honda Motor Co., Ltd. of Japan with 66.7% promoter holding. Established in September 1985 and listed on the National Stock Exchange under the ticker HONDAPOWER.NS, the company maintains its manufacturing facility in Greater Noida, Uttar Pradesh, with registered office in New Delhi; it serves domestic agricultural, residential and commercial customers primarily in India while exporting select products globally. Honda India Power Products leads the portable power products sector with over 39 years of operations, having reached a cumulative production milestone of 5 million units by February 2022 and emphasizing reliable, sustainable solutions for land preparation, deweeding, power backup and water management. In October 2025, parent Honda Motor Co., Ltd. announced a minority stake investment in OMC Power Private Limited to repurpose end-of-life electric vehicle batteries from Honda Power Pack Energy India into uninterruptible power supply systems, with leasing operations set to commence in January 2026 targeting rural electrification in Uttar Pradesh and beyond; this partnership advances circular economy goals and stable energy access in off-grid areas. The company reported trailing twelve-month revenue of INR 803 crore and profit of INR 75.9 crore as of late 2025, amid a strategic focus on agricultural innovations like 2hp and 5hp power tillers alongside its core generator and engine lineup.