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Honda India Power Products Limited
(HONDAPOWER)
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Rating:61Neutral
Price Target:
₹2,440.00
▲(5.72% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by mixed financial performance: a very strong, low-debt balance sheet is offset by weak cash flow quality and FY2026 margin compression. Technicals are modestly supportive (above key short/mid-term moving averages), while valuation is neutral with a high dividend yield counterbalanced by a higher P/E.
Positive Factors
Very low leverage
Extremely low leverage and a strong equity base give the company durable financial flexibility to fund capex, absorb demand shocks, and support dealer/service networks without refinancing risk. This resilience supports long-term operational continuity and strategic optionality.
Negative Factors
Weak cash conversion
Material deterioration in cash generation and negative free cash flow reduce internal funding for working capital and capex, forcing reliance on cash reserves or external financing. Poor cash conversion undermines long-term return sustainability despite accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage and a strong equity base give the company durable financial flexibility to fund capex, absorb demand shocks, and support dealer/service networks without refinancing risk. This resilience supports long-term operational continuity and strategic optionality.
Read all positive factors
Honda India Power Products Limited (HONDAPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.07B
Dividend Yield1.38%
Average Volume (3M)667.00
Price to Earnings (P/E)34.7
Beta (1Y)1.42
Revenue Growth8.97%
EPS Growth-19.64%
CountryIN
Employees742
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)63.33
Shares Outstanding10,140,000
10 Day Avg. Volume428
30 Day Avg. Volume667
Financial Highlights & Ratios
PEG Ratio-1.48
Price to Book (P/B)2.33
Price to Sales (P/S)2.17
P/FCF Ratio-84.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Honda India Power Products Limited Business Overview & Revenue Model
Company Description
Honda India Power Products (HIPP) specializes in the production and sale of various power equipment within India, including portable generators, water pumps, multi-purpose engines, lawn care machinery like mowers, brush cutters, and tillers, as we...
How the Company Makes Money
Honda India Power Products Limited primarily makes money by selling Honda-branded power products and engines in India. Key revenue streams include: (1) Product sales: revenue from the sale of generators, water pumps, and general-purpose engines to...
Honda India Power Products Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
92
Very Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.65B | 7.94B | 9.89B | 12.28B | 11.39B |
| Gross Profit | 1.97B | 3.50B | 3.83B | 4.28B | 3.62B |
| EBITDA | 817.20M | 1.30B | 1.44B | 1.37B | 1.19B |
| Net Income | 642.40M | 799.40M | 922.10M | 850.90M | 745.30M |
Balance Sheet | |||||
| Total Assets | 10.32B | 10.47B | 9.92B | 9.30B | 8.61B |
| Cash, Cash Equivalents and Short-Term Investments | 794.30M | 5.42B | 5.39B | 4.67B | 2.77B |
| Total Debt | 9.90M | 1.00M | 4.70M | 8.10M | 12.30M |
| Total Liabilities | 2.28B | 1.84B | 1.80B | 1.93B | 1.92B |
| Stockholders Equity | 8.03B | 8.64B | 8.12B | 7.37B | 6.70B |
Cash Flow | |||||
| Free Cash Flow | -221.00M | -175.90M | 836.90M | 1.28B | 202.30M |
| Operating Cash Flow | 287.30M | 220.90M | 1.06B | 1.57B | 369.00M |
| Investing Cash Flow | 1.33B | -698.00M | -986.70M | -1.50B | 160.70M |
| Financing Cash Flow | -1.26B | -284.50M | -175.40M | -162.00M | -112.90M |
Honda India Power Products Limited Technical Analysis
Negative
2308.05
Price Trends
2237.59
Negative
2182.71
Negative
2332.42
Negative
Market Momentum
-12.66
Positive
45.63
Neutral
15.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HONDAPOWER, the sentiment is Negative. The current price of 2308.05 is above the 20-day moving average (MA) of 2203.21, above the 50-day MA of 2237.59, and below the 200-day MA of 2332.42, indicating a bearish trend. The MACD of -12.66 indicates Positive momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 15.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HONDAPOWER.
Honda India Power Products Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.52T | 65.48 | ― | 1.14% | 16.87% | 18.09% | |
74 Outperform | ₹118.58B | 47.50 | ― | 0.97% | 8.94% | 21.12% | |
69 Neutral | ₹147.09B | 40.78 | ― | 0.43% | 1.02% | -10.02% | |
62 Neutral | ₹162.79B | 57.78 | ― | 0.51% | 4.54% | 1.65% | |
61 Neutral | ₹22.07B | 34.69 | ― | 1.38% | 8.97% | -19.64% | |
57 Neutral | ₹324.47B | 58.74 | ― | 0.50% | 21.42% | 17.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:HONDAPOWER
Honda India Power Products Limited
2,176.60
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-25.50%
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Honda India Power Products Limited Corporate Events
Honda India Power Products Concludes Annual Dealer Meet, Outlines Roadmap
Apr 16, 2026
Honda India Power Products Limited has announced the successful completion of its Annual Dealer Meet, bringing together its dealer network to review past milestones. The gathering highlighted the company’s recent achievements and reinforced ...
Honda Motor Confirms No Share Encumbrance in Honda India Power Products for FY 2025-26
Apr 7, 2026
Honda Motor Co. Ltd., Japan, the promoter and major shareholder of Honda India Power Products Limited, has disclosed to Indian stock exchanges and the company’s audit committee its shareholding status under SEBI’s Substantial Acquisiti...
Honda India Power Products Closes Trading Window Ahead of FY26 Results
Mar 26, 2026
Honda India Power Products Limited has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct. The trading window will remain closed f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.