| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 638 | 684 | 718 | 783 | 834 | 864 | 954 | 1,173 | 1,266 | 1,031 | 837 | 846 |
| Expenses | 561 | 585 | 606 | 666 | 726 | 756 | 867 | 1,054 | 1,111 | 890 | 707 | 725 |
| EBITDA | 77 | 99 | 112 | 117 | 108 | 108 | 87 | 119 | 154 | 140 | 130 | 121 |
| Operating Profit % | 11 % | 13 % | 14 % | 13 % | 11 % | 11 % | 8 % | 9 % | 11 % | 10 % | 11 % | 9 % |
| Depreciation | 21 | 24 | 24 | 23 | 21 | 22 | 20 | 19 | 21 | 20 | 22 | 22 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
| Profit Before Tax | 59 | 75 | 88 | 94 | 83 | 90 | 66 | 100 | 115 | 124 | 108 | 99 |
| Tax | 20 | 26 | 30 | 33 | 29 | 24 | 18 | 26 | 30 | 32 | 28 | 28 |
| Net Profit | 39 | 49 | 58 | 61 | 54 | 67 | 49 | 75 | 85 | 92 | 80 | 73 |
| EPS in ₹ | 38.08 | 48.14 | 56.97 | 60.54 | 53.39 | 65.58 | 47.98 | 73.48 | 83.89 | 90.90 | 78.81 | 72.20 |
Honda India Power Products
Honda India Power Products
2,659.80
+24.20
(0.92%)
Key Fundamentals
Market Cap
2,673.30 Cr
EPS
78.81
PE Ratio
36.91
Dividend Yield
0.81 %
Industry
Capital Goods 52 Week High
4,164.00
52 Week Low
1,815.00
PB Ratio
3.13
Debt to Equity
0.00
Sector
Industrial Products Actual
Company News
View All News
Honda India Power Products Limited received member approval for alterations to its Memorandum of Association Object Clause, subject to Registrar of Companies approval. The company plans to expand operations to include design, development, and manufacturing of electric motor units branded as 'eGX' for noise and emission-sensitive environments including educational institutions, hospitals, and residential construction zones. Members also approved the appointment of TVA & Co. LLP as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30. The approvals were granted during a member meeting held on September 25, 2025.
Honda Activa scooters have become more affordable after the government reduced GST on two-wheelers up to 350cc from 28% to 18%, effective September 22. The price reductions range from Rs 6,332 to Rs 7,831 across different Activa models. The Honda Activa 110 STD now costs Rs 74,713 (down from Rs 81,045), while the top-end Activa 125 H-Smart is priced at Rs 92,411 (reduced from Rs 1,00,242). Other Honda scooters including the Dio series also received price cuts ranging from Rs 5,861 to Rs 7,626. Finance Minister Nirmala Sitharaman announced these GST reforms to simplify the tax framework and provide consumer relief. The price cuts affect nearly 98% of India's two-wheeler market, which consists of scooters and motorcycles below 350cc, and are expected to boost festive-season sales.
Honda announced benefits of up to Rs 19,000 on its motorcycles and scooters, passing the full benefit of revised GST rates to customers. The government implemented a new GST structure from September 22, reducing tax rates for two-wheelers with engines below 350cc from 28% to 18%. Popular Honda models received significant price cuts: Activa 110 (up to Rs 7,874 off), Dio 110 (up to Rs 7,157 off), Activa 125 (around Rs 8,259 reduction), and Dio 125 (around Rs 8,042 cheaper). Commuter bikes also benefited with Shine 100 getting Rs 5,672 off, Shine 100 DX receiving Rs 6,256 reduction, and Livo 110 becoming cheaper by Rs 7,165. However, premium motorcycles with engines above 350cc now face a higher GST rate of 40%, making models in the 450cc and 650cc range more expensive. The move is expected to boost demand in the two-wheeler market, particularly in mid-range segments.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
7,019.00 | #1 46,867.30 | 148.11 | 2,828.70 | 52.04 | 293 | 46.85 | 49.53 | |
36,310.00 | 31,909.10 | 62.75 | 4,371.70 | 4.06 | #1 524 | -8.72 | 48.00 | |
922.90 | 20,922.90 | 62.38 | 1,832.20 | 36.23 | 316 | 40.28 | 50.78 | |
15,432.00 | 17,395.50 | 159.05 | 3,136.70 | -35.18 | 103 | 4.55 | 60.78 | |
787.00 | 15,201.80 | 70.70 | 3,836.10 | 19.42 | 184 | #1 144.61 | 45.45 | |
1,885.60 | 12,623.80 | 63.14 | 1,681.80 | 11.02 | 200 | -3.81 | 41.09 | |
541.40 | 12,186.00 | #1 23.48 | 2,287.00 | 15.42 | 415 | 0.00 | 39.07 | |
58.72 | 6,964.40 | 65.28 | 869.90 | #1 98.40 | 108 | 61.29 | 38.39 | |
338.90 | 6,248.70 | 44.49 | 3,288.80 | -6.72 | 219 | -93.71 | 33.18 | |
134.65 | 5,439.10 | 25.05 | #1 5,164.20 | 44.56 | 226 | -50.51 | 35.73 |
Growth Rate
Revenue Growth
-18.83 %
Net Income Growth
-13.34 %
Cash Flow Change
-79.09 %
ROE
-18.41 %
ROCE
-18.01 %
EBITDA Margin (Avg.)
14.01 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 431 | 476 | 534 | 597 | 656 | 715 | 791 | 862 | 930 | 992 | 1,048 |
| Fixed Assets | 123 | 113 | 107 | 101 | 95 | 98 | 91 | 87 | 91 | 98 | 107 |
| Current Assets | 261 | 317 | 342 | 421 | 493 | 556 | 599 | 624 | 750 | 769 | 816 |
| Capital Work in Progress | 1 | 1 | 0 | 1 | 3 | 2 | 3 | 13 | 9 | 7 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 307 | 363 | 427 | 495 | 558 | 616 | 697 | 762 | 830 | 887 | 933 |
| Total Liabilities | 431 | 476 | 534 | 597 | 656 | 715 | 791 | 862 | 930 | 992 | 1,048 |
| Current Liabilities | 97 | 102 | 111 | 121 | 138 | 144 | 183 | 190 | 191 | 179 | 184 |
| Non Current Liabilities | 9 | 7 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 0 |
| Total Equity | 325 | 367 | 423 | 475 | 517 | 570 | 606 | 670 | 737 | 812 | 864 |
| Reserve & Surplus | 315 | 356 | 412 | 464 | 507 | 560 | 595 | 660 | 727 | 802 | 853 |
| Share Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -5 | 7 | 18 | -20 | -3 | 17 | 46 | 42 | -7 | -9 | -75 |
| Investing Activities | -44 | -86 | -14 | -66 | -13 | 47 | -92 | 16 | -148 | -97 | -69 |
| Operating Activities | 43 | 101 | 40 | 55 | 21 | -18 | 152 | 37 | 157 | 106 | 22 |
| Financing Activities | -5 | -7 | -8 | -9 | -11 | -13 | -14 | -11 | -16 | -18 | -29 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % | 66.67 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.79 % | 1.59 % | 1.45 % | 1.42 % | 1.41 % | 1.36 % | 1.37 % | 1.17 % | 1.10 % |
| DIIs | 10.90 % | 11.58 % | 11.73 % | 12.25 % | 12.28 % | 13.39 % | 13.42 % | 13.30 % | 13.46 % | 14.41 % | 14.72 % | 14.82 % | 15.31 % | 16.92 % | 17.95 % | 18.18 % | 18.18 % | 18.23 % | 18.23 % |
| Government | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 17.68 % | 17.83 % | 17.51 % | 16.97 % | 16.93 % | 16.66 % | 16.64 % | 16.00 % | 15.61 % | 14.72 % | 14.34 % | 14.47 % | 14.21 % | 12.83 % | 12.00 % | 11.83 % | 11.94 % | 12.06 % | 12.24 % |
| Others | 4.75 % | 3.92 % | 4.09 % | 4.12 % | 4.13 % | 3.28 % | 3.27 % | 4.03 % | 4.27 % | 4.20 % | 2.48 % | 2.46 % | 2.36 % | 2.16 % | 1.97 % | 1.96 % | 1.85 % | 1.88 % | 1.77 % |
| No of Share Holders | 17,814 | 17,265 | 17,592 | 16,223 | 16,139 | 16,124 | 15,657 | 17,985 | 17,937 | 17,389 | 16,485 | 20,177 | 20,762 | 18,210 | 19,092 | 20,607 | 22,706 | 23,419 | 25,094 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 7.5 | 9 | 10 | 12.5 | 10 | 15 | 16.5 | 17.5 | 21.5 |
| Dividend Yield (%) | 0.00 | 0.56 | 0.83 | 1.19 | 1.31 | 0.81 | 0.75 | 0.75 | 0.86 | 0.81 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 24 May 2020 |  Change Of Name | NA | 24 May 2020 | 770.30 | 770.30 |
| 15 Sept 2021 |  Dividend | ₹ 10.00 /share | 13 Sept 2021 | 1,090.20 | 1,217.65 |
| 20 Sept 2022 | Dividend | ₹ 15.00 /share | 16 Sept 2022 | 1,619.20 | 1,450.85 |
| 03 Aug 2023 | Dividend | ₹ 16.50 /share | 03 Aug 2023 | 2,512.95 | 2,215.60 |
| 30 Aug 2024 | Dividend | ₹ 17.50 /share | 29 Aug 2024 | 2,871.30 | 3,916.85 |
| 05 Sept 2024 |  Annual General Meeting | NA | 05 Sept 2024 | 4,160.05 | 3,751.20 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 3,797.40 | 3,402.05 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 2,492.40 | 2,467.25 |
| 18 Feb 2025 | Dividend | ₹ 10.00 /share | 18 Feb 2025 | 2,467.25 | 2,172.50 |
| 19 May 2025 | Quarterly Result Announcement | NA | 19 May 2025 | 2,033.80 | 2,379.80 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 2,882.70 | 2,785.25 |
| 21 Aug 2025 | Dividend | ₹ 100.00 /share | 21 Aug 2025 | 2,785.25 | 3,192.05 |
| 18 Sept 2025 | Dividend | ₹ 21.50 /share | 18 Sept 2025 | 2,379.80 | 2,906.10 |
| 25 Sept 2025 | Annual General Meeting | NA | 25 Sept 2025 | 3,192.05 | 2,826.45 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Oct 07, 2025
Oct 07, 2025Voting Results And Scrutinizer Report Of 40Th Annual General MeetingSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Disclosure Under Regulation 30 Of SEBI(LODR) Regulations 2015Sep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 25, 2025
Sep 25, 2025Disclosure Under Regulation 30 Of The SEBI(LODR) Regulations 2015Sep 22, 2025
Sep 22, 2025Corrigendum To The Notice For 40Th Annual General Meeting.Sep 08, 2025
Sep 08, 2025Corrigendum To The Notice Of The 40Th Annual General MeetingSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 22, 2025
Aug 22, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015Aug 21, 2025
Aug 21, 2025Notice Of 40Th Annual General Meeting And Annual Report For The Financial Year 2024 - 2025Aug 21, 2025
Aug 21, 2025Intimation Of Record DateAug 21, 2025
Aug 21, 2025Intimation Of Book Closure/ Record Date/40Th Annual General Meeting/DividendAug 21, 2025
Aug 21, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 21, 2025
Aug 21, 2025Reg. 34 (1) Annual Report.Aug 21, 2025
Aug 21, 2025Shareholders Meeting Held On September 25 2025Aug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Corporate Action- Record Date For Payment Of Interim DividendAug 12, 2025
Aug 12, 2025General UpdatesAug 12, 2025
Aug 12, 2025Unaudited Financial Results For The Quarter Ended June 30 2025Aug 12, 2025
Aug 12, 2025Unaudited Financial Results For The Quarter Ended June 30 2025Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationAug 12, 2025
Aug 12, 2025Corporate Action-Board approves DividendAug 12, 2025
Aug 12, 2025Board Meeting Outcome for Outcome Of Board Meeting - As Per Regulation 30 Of Securities And Exchange Board Of India ( Listing Obligation And Disclosure Requirements) Regulations 2015Aug 12, 2025
Aug 12, 2025Update on board meetingAug 02, 2025
Aug 02, 2025Board Meeting Intimation for To Consider And Approve Inter- Alia Unaudited Financial Results Of The Company For The Quarter Ended June 30 2025Aug 01, 2025
Aug 01, 2025Clarification With Respect To Increase In VolumeJul 11, 2025
Jul 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 12, 2025
Jun 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 21, 2025
May 21, 2025Corporate Action- Record Date Fixed For DividendMay 20, 2025
May 20, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 20, 2025
May 20, 2025Corporate Action- Record Date Fixed For DividendMay 19, 2025
May 19, 2025Corporate Action- Book Closure Fixed For DividendMay 19, 2025
May 19, 2025Re-Appointment Of Cost Auditor Of Company.May 19, 2025
May 19, 2025Appointment Of Internal Auditor Of Company.May 19, 2025
May 19, 2025Appointment Of Secretarial Auditor Of Company.May 19, 2025
May 19, 2025Integrated Filing (Financial)May 19, 2025
May 19, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 19, 2025
May 19, 2025Results- Financial Results For The Financial Year March 31 2025May 19, 2025
May 19, 2025Board Meeting Intimation for Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Meeting Of The Board Of DirectorsMay 08, 2025
May 08, 2025Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015.May 06, 2025
May 06, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorApr 30, 2025
Apr 30, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 11, 2025
Apr 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Nippon India Small Cap Fund Direct- Growth | 0.37% | 0 | -0.02% | -0.02% | |
 Quant Multi Cap Fund Direct-Growth | 1.29% | 0 | -0.02% | -0.01% | |
 Tata Small Cap Fund Direct - Growth | 1.23% | 0 | -0.05% | -0.07% |
Technical Indicators
RSI(14)
Neutral 34.55
ATR(14)
Less Volatile 61.86
STOCH(9,6)
Oversold 18.68
STOCH RSI(14)
Oversold 15.87
MACD(12,26)
Bearish -6.96
ADX(14)
Weak Trend 20.00
UO(9)
Bearish 35.28
ROC(12)
Downtrend And Accelerating -3.43
WillR(14)
Neutral -68.10
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