HONDAPOWERIndustrials

Honda India Power Products Limited

Industrial Products · ISIN INE634A01018 · BSE 522064 · NSE EQ · FV ₹10
Last price
₹1,934
+0.58%today
What this company does

Honda India Power Products Limited operates in Industrial Products, part of the Industrials sector. It booked ₹189 cr of revenue in its latest quarter (Q1 FY27) and kept 5.9% of sales as profit.

The Company is primarily engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters, tillers, and marine engines.
The Company is primarily engaged in the business of “manufacturing and marketing of portable gensets, water pumps, general purpose engines, lawn mower’s, brush cutters, tillers and marine engines”.
In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet96

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Growth & consistency39

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 22% vs last year
Profit up 17% vs last year
Promoters hold 67%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 5.9% net margin
! Low 5.5% return on equity
! Operating cash flow is negative

What if I invest in HONDAPOWER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,934 +0.58%
latest close · 2026-09-17
1-year return
+56.2%
52-wk low ₹1,12452-wk high ₹2,200
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio44.2High
LowAverageHigh
P/B ratio2.44Moderate
Below bookModerateHigh
EV / EBITDA21.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.5%Weak
WeakFairStrong ▸15%
Return on capital7.5%Weak
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin11.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover252.7×Strong
RiskyOkayStrong ▸5×
Current ratio3.36Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,961 cr
Book value
₹792
EPS
₹10.94
latest quarter
Net debt
₹-66 cr
more cash than debt
Enterprise value
₹1,895 cr
EBITDA
₹87 cr
annualised
EBIT
₹61 cr
annualised
Operating margin
8.0%
Return on assets
4.3%
Earnings yield
2.26%
P/S
2.59
Sales / share
₹746.5
Tax rate
26.5%
Face value
₹10
Shares
1.0 cr
Working capital
₹538 cr
Current assets
₹765 cr
Current liabilities
₹228 cr
Delivery %
57.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹439₹1,081, midpoint ₹469

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹189 cr
Other Income₹7 cr
Total Income₹197 cr
Cost of Materials₹128 cr
Purchases of Stock-in-Trade₹26 cr
Inventory Change (±)₹-47 cr
Employee Benefit Expense₹35 cr
Finance Costs₹6 L
Depreciation & Amortisation₹7 cr
Other Expenses₹33 cr
Total Expenses₹182 cr
Profit before Tax₹15 cr
Tax Expense₹4 cr
Net Profit₹11 cr
Net margin on total income5.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹106 cr54.1%
Employee benefit expense₹35 cr17.8%
Finance costs₹6 L0.0%
Depreciation & amortisation₹7 cr3.4%
Other expenses₹33 cr16.9%
Tax expense₹4 cr2.0%
Profit for the period₹11 cr5.6%
Total income ₹197 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue270 cr265 cr189 cr
Total income279 cr274 cr197 cr
Expenses244 cr241 cr182 cr
Profit before tax23 cr35 cr15 cr
Tax6 cr8 cr4 cr
Net profit (owners' share)17 cr27 cr11 cr
Net margin (owners' share, on revenue)6.2%10.2%5.9%
EPS (₹)16.4326.5410.94
YoY (latest quarter): total income +19.3% · net profit +17.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,032 cr
Shareholder equity
₹803 cr
parent shareholders
Total debt
₹0 cr
Cash
₹66 cr
Cash flow · H1 FY26
Operating
₹-32 cr
Investing
₹137 cr
Financing
₹-103 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.37%
trailing 12 months
Dividend / share (TTM)
₹26.5
Last dividend
₹23
ex 19 Aug 2026
ActionDetailEx-date
Dividend₹23 / share19 Aug 2026
Dividend₹3.5 / share18 Feb 2026
Dividend₹21.5 / share18 Sep 2025
Dividend₹100 / share21 Aug 2025
Dividend₹10 / share18 Feb 2025
Dividend₹17.5 / share29 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
66.7%
FII / Foreign
1.0%
DII / Domestic
18.3%
Retail / others
14.1%
Smart-money activity
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE51,043 @ ₹3,008.9121 May 25
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE51,043 @ ₹3,005.8521 May 25
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE81,853 @ ₹4,057.5929 Aug 24
Stake changes
BoughtTata Small Cap Fund, Tata India Equity Fund Multipartner SICAV→ 5.04% · 5,00030 Jun 23
BoughtNippon Life India Trustee Limited (formerly known as Reliance Capital Turstee Co Ltd) A/c through various schemes of Nipon India Mutual Fund→ 7.81% · 2,96829 Jan 20
BoughtReliance Capital Trustee Co Ltd A/c through various schemes of Reliance Mutual Fund→ 5.80% · 89,80020 Jul 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Aug 2026
See the official result
1
Consideration and adoption of the Audited Financial Statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
19.21 L votes for, 20 against · 0% of mutual funds and other big investors said no
2
Declaration of Final Dividend of Rs. 23/- per equity share i.e., (230%) on equity shares of face value of Rs. 10/- each for the Financial Year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
19.22 L votes for, 21 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Akihiro Sakurai (DIN:10570035), who retires by rotation and being eligible, offers his candidature for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
19.11 L votes for, 10,840 against · 1% of mutual funds and other big investors said no
4
Approval for appointment of Mr. Sameer Jain, (DIN: 11737255) as the Whole Time Director of the Company and for the remuneration payable to him
Backed by 99% of shareholders other than promotersneeded 50%
19.11 L votes for, 10,844 against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 66.7% between them · as of 2026-06-30
HONDA MOTOR CO. LTD66.67%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.