Honda India Power Products Ltd.

•

₹ 2,068.3-0.26%

2026-08-21

hondaindiapower.comBSE: 522064NSE: HONDAPOWER

Market Cap₹ 2,109 Cr.

Current Price₹ 2,074

High / Low₹ 3,216 / 1,817

Stock P/E0.0

Book Value₹ 803

Price to Book2.34

Dividend Yield6.09 %

ROCE10.3 %

ROE7.7 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2012 • Domestic: 86.1% • Export: 13.9%

PROS

Company is almost debt free
Company has a consistent dividend-paying track record
Working capital cycle has improved - days down from 291 to 227
Offers a healthy dividend yield of 6.1%
Company generates healthy free cash flow

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (43.6% of PBT)
Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 11.3% versus prior year
Company has a low return on equity of 9.7% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7400.00	52.48	156812.20	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33550.00	0.00	149540.28	0.02	2941.50	2135.18	24936.90	1586.18	28.73	14.58
3.	SIEMENS	3880.10	42.19	138178.32	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	862.90	108.75	135945.59	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3483.60	0.00	124058.14	0.11	440.90	67.83	2485.60	39.28	40.19	23.56
6.	GVT&D	4119.00	564.77	105465.57	0.24	3629.90	1146.53	18361.40	1280.42	75.51	25.10
7.	HAVELLS	1278.00	49.11	80202.38	0.78	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2688.00	20.26	77320.68	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16607.65	58.86	69540.11	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	46.78	20.45	64302.09	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1254.75	0.00	30001.58	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	HONDAPOWER	2078.80	0.00	2108.54	6.09	11.10	17.09	189.25	22.17	10.31	7.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	210	285	263	231	144	177	204	269	155	176	270	265	189
	190	249	230	221	128	170	183	225	146	164	238	235	182
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	8	12	10	12	11	10	10	11	10	9	8	10	7
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	5	5	5	5	5	6	6	6	6	6	7
	23	42	38	21	22	11	26	49	13	15	23	35	15
Tax %	25.94%	25.97%	25.45%	24.00%	26.02%	25.61%	25.84%	25.67%	25.88%	25.88%	26.66%	23.30%	26.49%
Net Profit	17	31	28	16	16	9	19	36	9	11	17	27	11
	17	31	28	16	16	8	19	36	9	11	16	27	1
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 210
: 190
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 5
: 23
Tax %: 25.94%
Net Profit: 17
: 17
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 285
: 249
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 5
: 42
Tax %: 25.97%
Net Profit: 31
: 31
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 263
: 230
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 5
: 38
Tax %: 25.45%
Net Profit: 28
: 28
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 231
: 221
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 5
: 21
Tax %: 24.00%
Net Profit: 16
: 16
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 144
: 128
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 5
: 22
Tax %: 26.02%
Net Profit: 16
: 16
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 177
: 170
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 5
: 11
Tax %: 25.61%
Net Profit: 9
: 8
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 204
: 183
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 5
: 26
Tax %: 25.84%
Net Profit: 19
: 19
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 269
: 225
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 6
: 49
Tax %: 25.67%
Net Profit: 36
: 36
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 155
: 146
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 6
: 13
Tax %: 25.88%
Net Profit: 9
: 9
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 176
: 164
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 0
Depreciation: 6
: 15
Tax %: 25.88%
Net Profit: 11
: 11
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 270
: 238
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 6
: 23
Tax %: 26.66%
Net Profit: 17
: 16
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 265
: 235
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 6
: 35
Tax %: 23.30%
Net Profit: 27
: 27
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 189
: 182
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 7
: 15
Tax %: 26.49%
Net Profit: 11
: 1
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	702	768	816	849	939	1,156	1,246	989	794	865	900
	606	665	725	756	866	1,054	1,111	890	706	784	819
Operating Profit	112	118	109	109	87	120	154	140	130	119	—
OPM %	16	15	13	13	9	10	12	14	16	14	—
Other Income	16	15	18	16	15	17	19	42	42	37	35
Interest	1	1	1	1	1	1	1	1	1	0	0
Depreciation	23	23	21	22	20	19	21	20	22	23	24
	88	94	83	90	66	100	115	124	108	86	88
Tax %	34	35	35	26	26	26	26	25	26	25	25
Net Profit	58	61	54	67	49	75	85	92	80	64	66
EPS	0	0	0	0	48	73	84	91	79	63	—
Dividend Payout %	13	15	19	19	21	20	20	19	40	200	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	57	61	53	66	48	74	84	91	79	63	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	57	61	53	66	48	74	84	91	79	63	—

Mar 2017

: 702
: 606
Operating Profit: 112
OPM %: 16
Other Income: 16
Interest: 1
Depreciation: 23
: 88
Tax %: 34
Net Profit: 58
EPS: 0
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 57
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 57

Mar 2018

: 768
: 665
Operating Profit: 118
OPM %: 15
Other Income: 15
Interest: 1
Depreciation: 23
: 94
Tax %: 35
Net Profit: 61
EPS: 0
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 61
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 61

Mar 2019

: 816
: 725
Operating Profit: 109
OPM %: 13
Other Income: 18
Interest: 1
Depreciation: 21
: 83
Tax %: 35
Net Profit: 54
EPS: 0
Dividend Payout %: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53

Mar 2020

: 849
: 756
Operating Profit: 109
OPM %: 13
Other Income: 16
Interest: 1
Depreciation: 22
: 90
Tax %: 26
Net Profit: 67
EPS: 0
Dividend Payout %: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2021

: 939
: 866
Operating Profit: 87
OPM %: 9
Other Income: 15
Interest: 1
Depreciation: 20
: 66
Tax %: 26
Net Profit: 49
EPS: 48
Dividend Payout %: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 48
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 48

Mar 2022

: 1,156
: 1,054
Operating Profit: 120
OPM %: 10
Other Income: 17
Interest: 1
Depreciation: 19
: 100
Tax %: 26
Net Profit: 75
EPS: 73
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 74
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 74

Mar 2023

: 1,246
: 1,111
Operating Profit: 154
OPM %: 12
Other Income: 19
Interest: 1
Depreciation: 21
: 115
Tax %: 26
Net Profit: 85
EPS: 84
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 84
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 84

Mar 2024

: 989
: 890
Operating Profit: 140
OPM %: 14
Other Income: 42
Interest: 1
Depreciation: 20
: 124
Tax %: 25
Net Profit: 92
EPS: 91
Dividend Payout %: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 91
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 91

Mar 2025

: 794
: 706
Operating Profit: 130
OPM %: 16
Other Income: 42
Interest: 1
Depreciation: 22
: 108
Tax %: 26
Net Profit: 80
EPS: 79
Dividend Payout %: 40
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 79
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 79

Mar 2026

: 865
: 784
Operating Profit: 119
OPM %: 14
Other Income: 37
Interest: 0
Depreciation: 23
: 86
Tax %: 25
Net Profit: 64
EPS: 63
Dividend Payout %: 200
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 63
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 63

TTM

: 900
: 819
Operating Profit: —
OPM %: —
Other Income: 35
Interest: 0
Depreciation: 24
: 88
Tax %: 25
Net Profit: 66
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: -2%
3 Years:: -11%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: 6%
3 Years:: -9%

STOCK PRICE CAGR

10 Years:: 5%
5 Years:: 11%
3 Years:: -4%
1 Year:: -35%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 11%
3 Years:: 10%
Last Year:: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	10	10	10	10	10	10	10	10	10	10
	412	464	507	559	595	660	727	802	853	793
Trade Payables	72	76	83	87	115	118	95	100	81	107
	41	46	52	53	65	67	84	508	477	479
Total Liabilities	535	596	652	710	785	854	916	1,420	1,422	1,390
ASSETS	-	-	-	-	-	-	-	-	-	-
	107	101	95	98	91	87	91	98	107	132
Capital Work in Progress	0	1	3	2	2	12	9	7	6	43
	121	91	112	211	160	176	167	141	119	150
	0	0	0	0	0	0	0	51	118	158
Cash & Bank	142	192	61	35	136	277	468	541	542	79
	165	212	381	364	395	302	180	583	530	827
Total Assets	535	596	652	710	785	854	916	1,420	1,422	1,390
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	231	300	355	412	416	434	558	590	632	538
Contingent Liabilities	86	102	112	74	83	115	141	175	201	166
Book Value per Share	416.68	467.90	509.96	561.75	597.15	660.63	726.57	800.90	851.61	792.28
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	231	300	355	412	416	434	558	590	632	538
Contingent Liabilities	86	102	112	74	83	115	141	175	201	166
Book Value per Share	416.68	467.90	509.96	561.75	597.15	660.63	726.57	800.90	851.61	792.28
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 10
: 412
Trade Payables: 72
: 41
Total Liabilities: 535
: 107
Capital Work in Progress: 0
: 121
: 0
Cash & Bank: 142
: 165
Total Assets: 535
Total Debt: 0
Net Working Capital: 231
Contingent Liabilities: 86
Book Value per Share: 416.68
Face Value: 10.00
Total Debt: 0
Net Working Capital: 231
Contingent Liabilities: 86
Book Value per Share: 416.68
Face Value: 10.00

Mar 2018

Equity Capital: 10
: 464
Trade Payables: 76
: 46
Total Liabilities: 596
: 101
Capital Work in Progress: 1
: 91
: 0
Cash & Bank: 192
: 212
Total Assets: 596
Total Debt: 0
Net Working Capital: 300
Contingent Liabilities: 102
Book Value per Share: 467.90
Face Value: 10.00
Total Debt: 0
Net Working Capital: 300
Contingent Liabilities: 102
Book Value per Share: 467.90
Face Value: 10.00

Mar 2019

Equity Capital: 10
: 507
Trade Payables: 83
: 52
Total Liabilities: 652
: 95
Capital Work in Progress: 3
: 112
: 0
Cash & Bank: 61
: 381
Total Assets: 652
Total Debt: 0
Net Working Capital: 355
Contingent Liabilities: 112
Book Value per Share: 509.96
Face Value: 10.00
Total Debt: 0
Net Working Capital: 355
Contingent Liabilities: 112
Book Value per Share: 509.96
Face Value: 10.00

Mar 2020

Equity Capital: 10
: 559
Trade Payables: 87
: 53
Total Liabilities: 710
: 98
Capital Work in Progress: 2
: 211
: 0
Cash & Bank: 35
: 364
Total Assets: 710
Total Debt: 0
Net Working Capital: 412
Contingent Liabilities: 74
Book Value per Share: 561.75
Face Value: 10.00
Total Debt: 0
Net Working Capital: 412
Contingent Liabilities: 74
Book Value per Share: 561.75
Face Value: 10.00

Mar 2021

Equity Capital: 10
: 595
Trade Payables: 115
: 65
Total Liabilities: 785
: 91
Capital Work in Progress: 2
: 160
: 0
Cash & Bank: 136
: 395
Total Assets: 785
Total Debt: 0
Net Working Capital: 416
Contingent Liabilities: 83
Book Value per Share: 597.15
Face Value: 10.00
Total Debt: 0
Net Working Capital: 416
Contingent Liabilities: 83
Book Value per Share: 597.15
Face Value: 10.00

Mar 2022

Equity Capital: 10
: 660
Trade Payables: 118
: 67
Total Liabilities: 854
: 87
Capital Work in Progress: 12
: 176
: 0
Cash & Bank: 277
: 302
Total Assets: 854
Total Debt: 0
Net Working Capital: 434
Contingent Liabilities: 115
Book Value per Share: 660.63
Face Value: 10.00
Total Debt: 0
Net Working Capital: 434
Contingent Liabilities: 115
Book Value per Share: 660.63
Face Value: 10.00

Mar 2023

Equity Capital: 10
: 727
Trade Payables: 95
: 84
Total Liabilities: 916
: 91
Capital Work in Progress: 9
: 167
: 0
Cash & Bank: 468
: 180
Total Assets: 916
Total Debt: 0
Net Working Capital: 558
Contingent Liabilities: 141
Book Value per Share: 726.57
Face Value: 10.00
Total Debt: 0
Net Working Capital: 558
Contingent Liabilities: 141
Book Value per Share: 726.57
Face Value: 10.00

Mar 2024

Equity Capital: 10
: 802
Trade Payables: 100
: 508
Total Liabilities: 1,420
: 98
Capital Work in Progress: 7
: 141
: 51
Cash & Bank: 541
: 583
Total Assets: 1,420
Total Debt: 0
Net Working Capital: 590
Contingent Liabilities: 175
Book Value per Share: 800.90
Face Value: 10.00
Total Debt: 0
Net Working Capital: 590
Contingent Liabilities: 175
Book Value per Share: 800.90
Face Value: 10.00

Mar 2025

Equity Capital: 10
: 853
Trade Payables: 81
: 477
Total Liabilities: 1,422
: 107
Capital Work in Progress: 6
: 119
: 118
Cash & Bank: 542
: 530
Total Assets: 1,422
Total Debt: 0
Net Working Capital: 632
Contingent Liabilities: 201
Book Value per Share: 851.61
Face Value: 10.00
Total Debt: 0
Net Working Capital: 632
Contingent Liabilities: 201
Book Value per Share: 851.61
Face Value: 10.00

Mar 2026

Equity Capital: 10
: 793
Trade Payables: 107
: 479
Total Liabilities: 1,390
: 132
Capital Work in Progress: 43
: 150
: 158
Cash & Bank: 79
: 827
Total Assets: 1,390
Total Debt: 0
Net Working Capital: 538
Contingent Liabilities: 166
Book Value per Share: 792.28
Face Value: 10.00
Total Debt: 0
Net Working Capital: 538
Contingent Liabilities: 166
Book Value per Share: 792.28
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	40	55	21	-18	152	37	157	106	22	-11
Cash from Investing	-13	-65	-13	47	-92	16	-150	-99	-70	172
Cash from Financing	-8	-9	-11	-13	-14	-11	-16	-18	-28	-126
	19	-20	-3	17	45	42	-9	-11	-76	35
Free Cash Flow	40	40	13	-36	150	21	139	86	1	-92
OCF / Net Profit	0.69	0.90	0.38	-0.26	3.11	0.50	1.85	1.15	0.28	-0.17
Cumulative 5-Year FCF	0	0	0	0	206	187	286	359	396	154
OCF / Net Profit	0.69	0.90	0.38	-0.26	3.11	0.50	1.85	1.15	0.28	-0.17
Cumulative 5-Year FCF	0	0	0	0	206	187	286	359	396	154

Mar 2017

: 40
Cash from Investing: -13
Cash from Financing: -8
: 19
Free Cash Flow: 40
OCF / Net Profit: 0.69
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.69
Cumulative 5-Year FCF: 0

Mar 2018

: 55
Cash from Investing: -65
Cash from Financing: -9
: -20
Free Cash Flow: 40
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0

Mar 2019

: 21
Cash from Investing: -13
Cash from Financing: -11
: -3
Free Cash Flow: 13
OCF / Net Profit: 0.38
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.38
Cumulative 5-Year FCF: 0

Mar 2020

: -18
Cash from Investing: 47
Cash from Financing: -13
: 17
Free Cash Flow: -36
OCF / Net Profit: -0.26
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.26
Cumulative 5-Year FCF: 0

Mar 2021

: 152
Cash from Investing: -92
Cash from Financing: -14
: 45
Free Cash Flow: 150
OCF / Net Profit: 3.11
Cumulative 5-Year FCF: 206
OCF / Net Profit: 3.11
Cumulative 5-Year FCF: 206

Mar 2022

: 37
Cash from Investing: 16
Cash from Financing: -11
: 42
Free Cash Flow: 21
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 187
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 187

Mar 2023

: 157
Cash from Investing: -150
Cash from Financing: -16
: -9
Free Cash Flow: 139
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 286
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 286

Mar 2024

: 106
Cash from Investing: -99
Cash from Financing: -18
: -11
Free Cash Flow: 86
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 359
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 359

Mar 2025

: 22
Cash from Investing: -70
Cash from Financing: -28
: -76
Free Cash Flow: 1
OCF / Net Profit: 0.28
Cumulative 5-Year FCF: 396
OCF / Net Profit: 0.28
Cumulative 5-Year FCF: 396

Mar 2026

: -11
Cash from Investing: 172
Cash from Financing: -126
: 35
Free Cash Flow: -92
OCF / Net Profit: -0.17
Cumulative 5-Year FCF: 154
OCF / Net Profit: -0.17
Cumulative 5-Year FCF: 154

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	56.98	60.56	53.40	65.60	48.00	73.50	83.92	90.94	78.84	63.35
Book Value (₹)	416.68	467.90	509.96	561.75	597.15	660.63	726.57	800.90	851.61	792.28
Dividend per Share (₹)	7.50	9.00	10.00	12.50	10.00	15.00	16.50	17.50	31.50	126.50
Cash EPS (₹)	80.11	82.76	74.24	87.38	67.98	91.77	104.41	110.88	100.34	86.27
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	15.27%	15.12%	13.30%	12.83%	9.27%	10.34%	12.38%	10.00%	11.05%	9.45%
Net Margin %	7.85%	7.90%	6.64%	7.84%	5.18%	6.45%	6.83%	9.32%	10.07%	7.42%
ROE %	14.64%	13.69%	10.92%	12.24%	8.28%	11.69%	12.10%	11.91%	9.54%	7.71%
ROCE %	22.55%	21.18%	16.92%	16.77%	11.37%	15.84%	16.50%	16.05%	12.92%	10.31%
	9.54%	10.86%	8.68%	9.77%	6.51%	9.09%	9.62%	7.90%	5.62%	4.57%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	15	21	28	24	26	27	23	22	39	58
Inventory Days	52	50	45	69	72	53	50	57	60	57
Payable Days	58	59	58	62	61	58	52	59	75	68
	8	12	16	32	37	22	22	20	24	47
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	102.28x	141.81x	147.16x	128.37x	99.72x	108.59x	178.54x	234.45x	208.12x	343.76x
	3.08x	3.47x	3.57x	3.86x	3.27x	3.29x	3.92x	4.30x	4.45x	3.36x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	4.31%	9.41%	6.26%	4.02%	10.64%	23.15%	7.78%	-20.64%	-19.70%	8.97%
Operating Profit Growth %	12.67%	4.53%	-7.67%	0.31%	-20.01%	37.26%	29.14%	-8.96%	-7.46%	-8.34%
Net Profit Growth %	18.33%	6.28%	-11.82%	22.84%	-26.83%	53.13%	14.17%	8.37%	-13.31%	-19.64%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.37%	-13.31%	-19.64%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	24.40x	25.71x	29.32x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.77x	2.38x	2.34x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.79%	1.55%	6.81%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.16x	11.64x	15.14x

Mar 2017

EPS (₹): 56.98
Book Value (₹): 416.68
Dividend per Share (₹): 7.50
Cash EPS (₹): 80.11
Operating Margin %: 15.27%
Net Margin %: 7.85%
ROE %: 14.64%
ROCE %: 22.55%
: 9.54%
Debtor Days: 15
Inventory Days: 52
Payable Days: 58
: 8
Debt to Equity (x): 0.00x
Interest Coverage (x): 102.28x
: 3.08x
Revenue Growth %: 4.31%
Operating Profit Growth %: 12.67%
Net Profit Growth %: 18.33%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 60.56
Book Value (₹): 467.90
Dividend per Share (₹): 9.00
Cash EPS (₹): 82.76
Operating Margin %: 15.12%
Net Margin %: 7.90%
ROE %: 13.69%
ROCE %: 21.18%
: 10.86%
Debtor Days: 21
Inventory Days: 50
Payable Days: 59
: 12
Debt to Equity (x): 0.00x
Interest Coverage (x): 141.81x
: 3.47x
Revenue Growth %: 9.41%
Operating Profit Growth %: 4.53%
Net Profit Growth %: 6.28%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 53.40
Book Value (₹): 509.96
Dividend per Share (₹): 10.00
Cash EPS (₹): 74.24
Operating Margin %: 13.30%
Net Margin %: 6.64%
ROE %: 10.92%
ROCE %: 16.92%
: 8.68%
Debtor Days: 28
Inventory Days: 45
Payable Days: 58
: 16
Debt to Equity (x): 0.00x
Interest Coverage (x): 147.16x
: 3.57x
Revenue Growth %: 6.26%
Operating Profit Growth %: -7.67%
Net Profit Growth %: -11.82%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 65.60
Book Value (₹): 561.75
Dividend per Share (₹): 12.50
Cash EPS (₹): 87.38
Operating Margin %: 12.83%
Net Margin %: 7.84%
ROE %: 12.24%
ROCE %: 16.77%
: 9.77%
Debtor Days: 24
Inventory Days: 69
Payable Days: 62
: 32
Debt to Equity (x): 0.00x
Interest Coverage (x): 128.37x
: 3.86x
Revenue Growth %: 4.02%
Operating Profit Growth %: 0.31%
Net Profit Growth %: 22.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 48.00
Book Value (₹): 597.15
Dividend per Share (₹): 10.00
Cash EPS (₹): 67.98
Operating Margin %: 9.27%
Net Margin %: 5.18%
ROE %: 8.28%
ROCE %: 11.37%
: 6.51%
Debtor Days: 26
Inventory Days: 72
Payable Days: 61
: 37
Debt to Equity (x): 0.00x
Interest Coverage (x): 99.72x
: 3.27x
Revenue Growth %: 10.64%
Operating Profit Growth %: -20.01%
Net Profit Growth %: -26.83%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 73.50
Book Value (₹): 660.63
Dividend per Share (₹): 15.00
Cash EPS (₹): 91.77
Operating Margin %: 10.34%
Net Margin %: 6.45%
ROE %: 11.69%
ROCE %: 15.84%
: 9.09%
Debtor Days: 27
Inventory Days: 53
Payable Days: 58
: 22
Debt to Equity (x): 0.00x
Interest Coverage (x): 108.59x
: 3.29x
Revenue Growth %: 23.15%
Operating Profit Growth %: 37.26%
Net Profit Growth %: 53.13%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 83.92
Book Value (₹): 726.57
Dividend per Share (₹): 16.50
Cash EPS (₹): 104.41
Operating Margin %: 12.38%
Net Margin %: 6.83%
ROE %: 12.10%
ROCE %: 16.50%
: 9.62%
Debtor Days: 23
Inventory Days: 50
Payable Days: 52
: 22
Debt to Equity (x): 0.00x
Interest Coverage (x): 178.54x
: 3.92x
Revenue Growth %: 7.78%
Operating Profit Growth %: 29.14%
Net Profit Growth %: 14.17%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 90.94
Book Value (₹): 800.90
Dividend per Share (₹): 17.50
Cash EPS (₹): 110.88
Operating Margin %: 10.00%
Net Margin %: 9.32%
ROE %: 11.91%
ROCE %: 16.05%
: 7.90%
Debtor Days: 22
Inventory Days: 57
Payable Days: 59
: 20
Debt to Equity (x): 0.00x
Interest Coverage (x): 234.45x
: 4.30x
Revenue Growth %: -20.64%
Operating Profit Growth %: -8.96%
Net Profit Growth %: 8.37%
: 8.37%
P/E (x): 24.40x
P/B (x): 2.77x
Dividend Yield %: 0.79%
: 12.16x

Mar 2025

EPS (₹): 78.84
Book Value (₹): 851.61
Dividend per Share (₹): 31.50
Cash EPS (₹): 100.34
Operating Margin %: 11.05%
Net Margin %: 10.07%
ROE %: 9.54%
ROCE %: 12.92%
: 5.62%
Debtor Days: 39
Inventory Days: 60
Payable Days: 75
: 24
Debt to Equity (x): 0.00x
Interest Coverage (x): 208.12x
: 4.45x
Revenue Growth %: -19.70%
Operating Profit Growth %: -7.46%
Net Profit Growth %: -13.31%
: -13.31%
P/E (x): 25.71x
P/B (x): 2.38x
Dividend Yield %: 1.55%
: 11.64x

Mar 2026

EPS (₹): 63.35
Book Value (₹): 792.28
Dividend per Share (₹): 126.50
Cash EPS (₹): 86.27
Operating Margin %: 9.45%
Net Margin %: 7.42%
ROE %: 7.71%
ROCE %: 10.31%
: 4.57%
Debtor Days: 58
Inventory Days: 57
Payable Days: 68
: 47
Debt to Equity (x): 0.00x
Interest Coverage (x): 343.76x
: 3.36x
Revenue Growth %: 8.97%
Operating Profit Growth %: -8.34%
Net Profit Growth %: -19.64%
: -19.64%
P/E (x): 29.32x
P/B (x): 2.34x
Dividend Yield %: 6.81%
: 15.14x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.67	66.67	66.67	66.67	66.67	66.67	66.67	66.67	66.67
	1.42	1.41	1.36	1.37	1.16	1.10	1.09	1.05	0.98
	16.92	17.95	18.18	18.18	18.23	18.23	18.23	18.27	18.27
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	14.99	13.98	13.79	13.79	13.94	14.01	14.02	14.02	14.09

Jun 2024

: 66.67
: 1.42
: 16.92
Government: 0.00
: 14.99

Sep 2024

: 66.67
: 1.41
: 17.95
Government: 0.00
: 13.98

Dec 2024

: 66.67
: 1.36
: 18.18
Government: 0.00
: 13.79

Mar 2025

: 66.67
: 1.37
: 18.18
Government: 0.00
: 13.79

Jun 2025

: 66.67
: 1.16
: 18.23
Government: 0.00
: 13.94

Sep 2025

: 66.67
: 1.10
: 18.23
Government: 0.00
: 14.01

Dec 2025

: 66.67
: 1.09
: 18.23
Government: 0.00
: 14.02

Mar 2026

: 66.67
: 1.05
: 18.27
Government: 0.00
: 14.02

Jun 2026

: 66.67
: 0.98
: 18.27
Government: 0.00
: 14.09

Documents

Announcements

Copy of Newspaper Publication
2026-08-07 - Honda India Power Products Limited has informed the Exchange about Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialisation of Physical Securities
Copy of Newspaper Publication
2026-08-01 - Honda India Power Products Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.