Honda India Power Products Limited
NSE: HONDAPOWERINE634A01018(was SHRMHONDA)·Capital Goods·www.hondaindiapower.com ↗·Mcap ₹1,956 Cr·Listed 2003
₹1,915.20▲ ₹9.60  (0.50%)
52W: ₹1,817 – ₹2,783 · Vol: 1.9K shares · Close 25 Sept
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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q4 FY17
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q3 FY19Q2 FY19Q1 FY19Q4 FY17
Revenue from operations189265270176155269204177144231263285210313339394200324338231264296285248110196238210205230220184181207
Other income7.49.68.49.59.911.310.49.910.711.91011.97.652.95.65.83.12.65.98.74.44.13.22.93.63.44.34.53.64.63.65.95.6
Total expenses182241244170152231189176133226235254195292299343199305309216247280261224123193217185183218198167164190
EBITDA14.4303211.38.443.420.8716.510.53335.220.328.14556.45.723.133.32022.420.73028.8−7.37.625.930.628.61826.922.423.121.7
EBITDA margin7.6%11.3%11.8%6.5%5.4%16.2%10.2%4.0%11.4%4.5%12.5%12.4%9.7%9.0%13.3%14.3%2.8%7.1%9.9%8.7%8.5%7.0%10.5%11.6%-6.7%3.9%10.9%14.6%13.9%7.8%12.2%12.1%12.8%10.5%
Finance costs0.10.10000.30.10.100.30.10.10.10.40.10.10.10.30.10.10.10.10.10.10.10.10.10.10.1000.100.2
Depreciation6.76.25.85.75.55.75.45.45.35.35556.14.954.84.64.74.74.64.85.35.24.95.35.35.65.95.25.25.45.35.4
Profit before tax15.135.122.715.112.848.725.711.521.820.83842.122.89.142.956.96.621.331.121.226.520.228.726.7−9.45.923.134.427.216.326.320.620.221.7
Tax48.26.13.93.312.56.72.95.759.710.95.93.31114.41.75.77.95.36.74.97.77.2−2.415.97.59.55.59.47.27.17.8
Net profit11.126.916.711.29.536.219.18.516.215.828.331.216.95.83242.44.915.623.215.919.815.320.919.5−74.917.126.917.710.816.913.413.113.9
Net margin5.9%10.2%6.2%6.4%6.1%13.5%9.3%4.8%11.2%6.8%10.8%11.0%8.0%1.9%9.4%10.8%2.5%4.8%6.9%6.9%7.5%5.2%7.3%7.9%-6.4%2.5%7.2%12.8%8.6%4.7%7.7%7.2%7.2%6.7%
EPS (₹)10.9426.5416.4311.019.3535.6518.828.4215.9215.5727.9230.7516.665.7331.5041.824.8415.3622.9115.6819.5315.0720.6219.22-6.934.7816.8826.5217.4010.6016.6913.1912.9213.73
Net profit YoY+17.1%−25.6%−12.7%+30.8%−41.3%+128.9%−32.6%−72.6%−4.4%+171.9%−11.4%−26.5%+244.2%−62.7%+37.5%+166.8%−75.2%+1.9%+11.1%−18.4%+381.8%+215.3%+22.2%−27.5%−139.8%−54.9%+1.1%+101.2%+34.7%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19FY17
Revenue from operations8657949891,2461,156939849816199
Other income37.442.341.419.216.814.515.817.74.4
Total expenses8077299111,1331,073887778747185
EBITDA81.787.79913510272.292.790.420
EBITDA margin9.4%11.0%10.0%10.8%8.8%7.7%10.9%11.1%10.1%
Finance costs0.20.50.40.60.50.30.30.10.3
Depreciation23.221.820.220.818.520.322.121.16.1
Profit before tax85.710812411510066.190.483.317.9
Tax21.527.831.530.325.517.523.929.26
Net profit64.279.992.285.174.548.766.554.211.9
Net margin7.4%10.1%9.3%6.8%6.4%5.2%7.8%6.6%6.0%
EPS (₹)63.3378.8190.9183.8973.4847.9965.5853.3911.74
Net profit YoY−19.6%−13.3%+8.4%+14.2%+53.1%−26.8%+22.8%––
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow−10.722.110615736.9
Investing cash flow172−69.8−98.7−15016.1
Financing cash flow−126−28.5−17.5−16.2−11.3
Capital expenditure50.839.72228.215.2
Free cash flow (CFO − capex)−61.5−17.683.712921.7

Net profit trend

annual, ₹ crore
FY21
₹48.7
FY22
₹74.5+53%
FY23
₹85.1+14%
FY24
₹92.2+8%
FY25
₹79.9−13%
FY26
₹64.2−20%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Standalone30 Jul 2026 PDF XBRL
Q4 FY26Standalone · audited26 May 2026PDF on NSE XBRL
Q3 FY26Standalone13 Feb 2026 PDF XBRL
Q3 FY26Standalone–PDF on NSE XBRL
Q2 FY26Standalone13 Nov 2025PDF on NSE XBRL
Q1 FY26Standalone12 Aug 2025PDF on NSE XBRL
Q4 FY25Standalone · audited19 May 2025 PDF XBRL
Q3 FY25Standalone11 Feb 2025PDF on NSE XBRL
Q2 FY25Standalone15 Nov 2024PDF on NSE XBRL
Q1 FY25Standalone6 Aug 2024PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 25.8×29.5×
P/B5Y avg 3.10×2.42×
ROEFY26, on average equity7.7%
Net margin7.4%
Debt / equity0.00×
Revenue CAGR (3Y)-11.4%
Profit CAGR (3Y)-8.9%
EPS (TTM)₹64.95
Market cap₹1,942 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.42×
vs 8-point avg 3.10× (−22%)
2.16× low3.10× avg5.02× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,032 Cr−1%
Net worth₹803 Cr−7%
Total borrowings₹0 Cr
Cash & bank balances₹66 Cr+116%
Investments₹0 Cr
Inventories₹150 Cr+27%
Trade receivables₹158 Cr+34%
Trade payables₹107 Cr+32%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter66.6766.6766.6766.6766.6766.6766.6766.6766.6766.6766.6766.67
FII0.981.051.091.101.171.371.361.411.421.451.591.79
DII18.2718.2718.2318.2318.2318.1818.1817.9516.9215.3114.8214.72
of which MF18.2618.2618.2218.2218.22–––––––
Retail12.2512.2012.2212.2412.0611.9411.8412.0112.8314.2114.4614.34
Other public1.831.811.791.761.871.841.951.962.162.362.462.48
25,099 shareholders · NSE shareholding pattern filings.