Honda India Power Products (HONDAPOWER)₹2,024+1.56%Industrial Products
In the Jun 2026 quarter (standalone), Honda India Power Products reported sales of ₹188 Cr, up 21.8% from Jun 2025, and net profit of ₹10.99 Cr, up 22.2% year on year. For the year to Mar 2026, sales were ₹863 Cr and net profit ₹63.96 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 284 | 262 | 230 | 144 | 177 | 204 | 268 | 155 | 175 | 269 | 264 | 188 |
| Expenses | 248 | 229 | 220 | 128 | 169 | 182 | 224 | 146 | 164 | 237 | 234 | 175 |
| Operating Profit | 34.87 | 32.90 | 9.96 | 15.94 | 6.98 | 20.93 | 42.84 | 7.97 | 10.96 | 31.87 | 29.89 | 13.95 |
| OPM % | 12.0% | 12.9% | 4.5% | 11.0% | 4.0% | 10.0% | 16.0% | 5.0% | 6.0% | 12.0% | 11.0% | 8.0% |
| Other Income | 11.95 | 9.96 | 15.95 | 10.96 | 9.97 | 9.97 | 10.95 | 9.97 | 8.97 | −2.99 | 10.96 | 6.97 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 5.02 | 5.02 | 5.02 | 5.02 | 5.02 | 5.02 | 6.02 | 6.02 | 6.03 | 6.02 | 6.02 | 7.03 |
| Profit before tax | 41.93 | 37.94 | 20.97 | 21.95 | 10.98 | 25.94 | 48.88 | 12.97 | 14.98 | 22.97 | 34.93 | 14.97 |
| Tax % | 26.0% | 25.0% | 24.0% | 26.0% | 26.0% | 26.0% | 26.0% | 26.0% | 26.0% | 27.0% | 23.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −8.65 | 1.40 | 0.00 |
| Net Profit | 30.98 | 28.01 | 16.01 | 15.99 | 9.01 | 18.98 | 35.99 | 8.99 | 10.99 | 16.99 | 26.98 | 10.99 |
| EPS (Rs) | 30.80 | 27.96 | 15.59 | 15.95 | 8.43 | 18.85 | 35.72 | 9.36 | 11.03 | 16.46 | 26.59 | 10.95 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 671 | 700 | 766 | 813 | 846 | 937 | 1,152 | 1,242 | 986 | 791 | 863 | 897 |
| Expenses | 583 | 604 | 663 | 722 | 753 | 863 | 1,051 | 1,107 | 887 | 704 | 781 | 810 |
| Operating Profit | 87.67 | 95.73 | 103 | 90.71 | 92.73 | 72.76 | 103 | 135 | 98.64 | 87.68 | 81.69 | 86.67 |
| OPM % | 13.0% | 14.0% | 12.9% | 11.0% | 11.0% | 8.0% | 9.0% | 11.0% | 10.0% | 11.0% | 9.0% | 9.7% |
| Other Income | 10.97 | 15.95 | 14.93 | 13.95 | 19.94 | 14.94 | 16.93 | 1.99 | 44.86 | 41.83 | 26.90 | 23.91 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 |
| Depreciation | 24.11 | 23.08 | 23.09 | 21.07 | 22.08 | 20.07 | 19.07 | 21.10 | 20.07 | 22.09 | 23.08 | 25.10 |
| Profit before tax | 74.88 | 87.80 | 93.78 | 82.83 | 89.88 | 65.87 | 99.88 | 115 | 124 | 108 | 85.82 | 87.85 |
| Tax % | 35.0% | 34.0% | 35.0% | 35.0% | 26.0% | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% | 25.0% | — |
| Exceptional items | 0.99 | 0.00 | 0.00 | −1.99 | 3.99 | 0.99 | 0.00 | −10.98 | 2.99 | 0.99 | −7.99 | −7.25 |
| Net Profit | 48.96 | 57.94 | 60.98 | 53.99 | 66.95 | 48.98 | 74.97 | 84.98 | 92.02 | 79.99 | 63.96 | 65.95 |
| EPS (Rs) | 48.20 | 57.01 | 60.59 | 53.49 | 65.63 | 48.08 | 73.54 | 84.05 | 90.98 | 78.96 | 63.46 | 65.03 |
| Dividend payout % | 12.0% | 13.0% | 15.0% | 19.1% | 19.0% | 21.0% | 20.1% | 20.0% | 19.0% | 27.0% | 36.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.02 | 10.02 | 10.03 | 10.03 | 10.02 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 |
| Reserves | 315 | 357 | 412 | 465 | 508 | 560 | 596 | 662 | 729 | 803 | 854 | 794 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 1.01 |
| Other Liabilities | 110 | 113 | 114 | 125 | 142 | 149 | 188 | 195 | 197 | 184 | 195 | 239 |
| Total Liabilities | 436 | 481 | 537 | 601 | 660 | 720 | 796 | 868 | 937 | 999 | 1,060 | 1,044 |
| Fixed Assets | 123 | 112 | 107 | 101 | 94.73 | 97.69 | 90.79 | 86.78 | 90.84 | 97.77 | 107 | 132 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.01 | 3.01 | 2.01 | 2.01 | 13.03 | 9.03 | 7.02 | 8.02 | 44.16 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 313 | 368 | 430 | 499 | 562 | 621 | 702 | 768 | 836 | 894 | 946 | 869 |
| Inventories | 122 | 91.77 | 123 | 92.64 | 115 | 214 | 163 | 179 | 169 | 145 | 129 | 160 |
| Trade receivables | 37.87 | 33.86 | 25.91 | 63.75 | 63.79 | 49.77 | 81.68 | 86.60 | 70.75 | 50.83 | 118 | 157 |
| Cash & equivalents | 64.16 | 155 | 142 | 193 | 61.19 | 35.09 | 136 | 278 | 469 | 543 | 543 | 79.13 |
| Total Assets | 436 | 481 | 537 | 601 | 660 | 720 | 796 | 868 | 937 | 999 | 1,060 | 1,044 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 43.02 | 101 | 40.02 | 54.96 | 20.99 | −17.99 | 152 | 37.01 | 157 | 106 | 22.01 | −10.99 |
| Cash from investing activity | −43.93 | −85.90 | −13.99 | −64.92 | −12.98 | 46.94 | −91.83 | 15.99 | −148 | −96.86 | −68.97 | 173 |
| Cash from financing activity | −4.99 | −6.98 | −7.98 | −8.96 | −10.97 | −12.95 | −13.96 | −10.95 | −15.94 | −17.95 | −27.92 | −126 |
| Net cash flow | −4.99 | 6.99 | 17.99 | −19.97 | −2.99 | 16.97 | 45.95 | 41.97 | −6.99 | −8.98 | −74.90 | 35.97 |
| Capex | 27.01 | 12.99 | 13.01 | 15.99 | 17.99 | 22.01 | 14.99 | 17.01 | 29.98 | 23.01 | 40.99 | 51.99 |
| Free cash flow | 15.95 | 89.80 | 26.94 | 39.87 | 2.99 | −38.88 | 137 | 20.95 | 129 | 82.81 | −17.95 | −62.79 |
| CFO / OP % | 95.0% | 141.9% | 80.0% | 90.9% | 62.0% | 12.9% | 234.0% | 62.0% | 145.0% | 131.9% | 61.0% | 20.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 21 | 17 | 13 | 29 | 27 | 20 | 31 | 27 | 20 | 18 | 53 | 65 |
| Inventory days | 118 | 85 | 108 | 75 | 84 | 156 | 98 | 90 | 83 | 89 | 106 | 116 |
| Days payable | 67 | 57 | 63 | 61 | 61 | 64 | 69 | 59 | 46 | 61 | 67 | 78 |
| Cash conversion cycle | 74 | 47 | 60 | 45 | 52 | 115 | 62 | 59 | 59 | 48 | 94 | 106 |
| Working capital days | 59 | 33 | 46 | 52 | 132 | 163 | 109 | 50 | 26 | 19 | 45 | 197 |
| ROCE % | 18.0% | 22.0% | 22.0% | 21.0% | 18.0% | 16.0% | 11.0% | 16.0% | 19.0% | 15.0% | 13.0% | 12.0% |
For the Jun 2026 quarter, Honda India Power Products reported sales of ₹188 Cr, up 21.8% year on year and net profit of ₹10.99 Cr, up 22.2% year on year. The operating margin was 8.0%.
Honda India Power Products' sales for the year to Mar 2026 were ₹863 Cr; over the last twelve months they were ₹897 Cr.
Net profit for the year to Mar 2026 was ₹63.96 Cr, and ₹65.95 Cr over the last twelve months. Earnings per share over the same trailing period were ₹65.03.
Honda India Power Products reported borrowings of ₹1.01 Cr at Mar 2026, against cash and equivalents of ₹79.13 Cr.
Cash from operations was −₹10.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹62.79 Cr.