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Honda India Power Products Limited
(HONDAPOWER)
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Rating:56Neutral
Price Target:
₹1,896.00
▼(-8.45% Downside)
Action:Reiterated
Date:08/28/26
The score is primarily supported by an exceptionally strong, low-leverage balance sheet, but is held back by weak cash flow quality and FY2026 margin compression. Technicals also reflect a subdued downtrend, while valuation is relatively high (P/E ~31.9) with only a moderate dividend yield offset.
Positive Factors
Very low leverage
Honda India Power Products has substantial balance-sheet resilience because debt is nearly absent and equity is large relative to assets. This gives the company flexibility to withstand operating pressure, support investment, and avoid heavy interest burdens over the coming quarters.
Negative Factors
Sharp gross-margin compression
The steep gross-margin decline indicates materially weaker profitability quality, whether from pricing or cost pressure. If it persists, revenue growth will translate into less operating profit, reducing internal funding capacity and making earnings more vulnerable to further cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Honda India Power Products has substantial balance-sheet resilience because debt is nearly absent and equity is large relative to assets. This gives the company flexibility to withstand operating pressure, support investment, and avoid heavy interest burdens over the coming quarters.
Read all positive factors
Honda India Power Products Limited (HONDAPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.05B
Dividend Yield2.6%
Average Volume (3M)200.00
Price to Earnings (P/E)28.3
Beta (1Y)1.37
Revenue Growth11.78%
EPS Growth-10.11%
CountryIN
Employees742
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)63.33
Shares Outstanding10,140,000
10 Day Avg. Volume237
30 Day Avg. Volume200
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
HONDAPOWER primarily makes money by selling Honda-branded power products and related equipment in India. Key revenue streams include: (1) Sale of equipment and machines: revenue from selling units such as portable generators, water pumps, tillers/...
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 | 1.09B | 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 | 4.14B | 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
2071.00
Price Trends
2000.54
Negative
2080.82
Negative
2118.46
Negative
Market Momentum
-39.01
Positive
33.81
Neutral
30.54
Neutral
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 2071 is above the 20-day moving average (MA) of 1909.26, above the 50-day MA of 2000.54, and below the 200-day MA of 2118.46, indicating a bearish trend. The MACD of -39.01 indicates Positive momentum. The RSI at 33.81 is Neutral, neither overbought nor oversold. The STOCH value of 30.54 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹136.04B | 35.46 | ― | 0.42% | 5.04% | -10.39% | |
60 Neutral | ₹324.54B | 57.57 | ― | 0.32% | 22.66% | 15.61% | |
58 Neutral | ₹49.35B | 49.21 | ― | 0.95% | 21.20% | 22.83% | |
56 Neutral | ₹19.05B | 28.34 | ― | 2.60% | 11.78% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹139.54B | 1.53 | ― | 0.56% | 4.63% | -4.40% | |
55 Neutral | ₹55.31B | 24.79 | ― | 0.23% | 14.10% | -49.84% |
* General Sector Average
IN:HONDAPOWER
Honda India Power Products Limited
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-31.27%
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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.