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    Honda India

    Exclusive Indian licensee manufacturing Honda-branded power products for domestic sale and export.

    Capital Goods
    Industrials
    ₹2,185.5
    -2.03% from avg

    Overview

    Price

    ₹2,185.5

    Market Cap

    ₹2.1k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010101010101010
    Reserves559595660727802853750793
    Borrowings11110001
    Other Liabilities148187194196184194191227
    Total Liabilities7197948659349971.1k9521.0k
    AssetsFixed Assets9891879198107107132
    CWIP22139781943
    Investments00000000
    Other Assets619700765833892943826856
    Total Assets7197948659349971.1k9521.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating21-181523715710622-11
    Cash from Investing-1347-9216-148-97-69172
    Cash from Financing-11-13-14-11-16-18-28-126
    SummaryCapital Expenditure
    Free Cash Flow3-391382112983-18-63
    FCF Margin

    Valuation

    Assumptions

    Current — HONDAPOWER
    Price
    ₹2,186
    EPS (TTM)
    ₹63.33
    PE (TTM)
    34.5
    Profit growth
    -9.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (32.4×) and current (34.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,186
    vs
    Fair value · 15% return
    ₹496
    77%Overvalued

    At -9% growth and a 32× exit, ₹2186 only delivers your return if you pay ₹496. The price is currently baking in 19% growth.

    EPS grows -9%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY27-9.0%57.63
    FY28-9.0%52.44
    FY29-9.0%47.72
    FY30-9.0%43.43
    FY31-9.0%39.52
    FY32-1.5% ·fade38.93
    FY336.0% ·fade41.26

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Honda India

    Guides on how to read this kind of business and the numbers that matter.