# Honda India Power Products share price today (Honda India Power Products Ltd, NSE: HONDAPOWER)

> Honda India Power Products share price today: ₹1,779.50 at the NSE close on 3 November 2026, down 31.9% in a year. Honda India Power Products (NSE: HONDAPOWER) is worth ₹1,804 crore, trades at a P/E of 24.7 and has closed between ₹1,751.00 and ₹2,526.40 over the past 52 weeks. > Honda India Power Products Ltd's share price has fallen more than its earnings. Earnings per share fell 19.6% in a year while the price moved −31.9%. HONDAPOWER · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/honda-india-power-products-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹1,779.50 (−31.9% in a year)
- P/E: 24.7× (lower than 55% of the last 11 years)
- Revenue (Jun 2026): ₹189 Cr (+21.9% on a year ago)
- Profit (Jun 2026): ₹11.0 Cr (+22.2% on a year ago)
- Operating margin: 8.0% (+3.0 points on a year ago)
- ROCE: 12%, FY26
- ROIC: 8.5%, against a 12.0% cost of capital: −3.5 points

The main question: profits are rising, but only 50% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Honda India Power Products share price today? Honda India Power Products Ltd's share price was ₹1,779.50 at the close on 3 November 2026. It has been falling for 51 weeks. That is 16.2% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running. In the last 52 weeks it traded between ₹1,751 and ₹2,526, and at that close it sat 4% of the way up from that low. Over the last 11 years the share price moved +54% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Honda India Power Products this quarter? Three changes stood out: foreign funds (FIIs) cut their stake for 6 quarters in a row, profit grew again in the June 2026 quarter and operating margin up 3 points on a year earlier. 1. Foreign funds (FIIs) cut their stake for 6 quarters in a row From 1.4% to 0.9% of the company by the September 2026 quarter. 2. Profit grew again in the June 2026 quarter Profit was ₹11 crore, +22.2% on a year earlier (₹9 crore), after 2 quarters of decline. 3. Operating margin up 3 points on a year earlier 8% in the June 2026 quarter, from 5%. ## What dividend does Honda India Power Products pay? Honda India Power Products paid ₹26.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.49% at the ₹1,779.50 close on 3 November 2026. The last was a dividend of ₹23 a share, ex-date 19 August 2026. ### Honda India Power Products dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 19 Aug 2026 | ₹23 | Dividend | same day |
| 18 Feb 2026 | ₹3.50 | Dividend | 19 Feb 2026 |
| 18 Sep 2025 | ₹21.50 | Dividend | same day |
| 21 Aug 2025 | ₹100 | Interim | same day |
| 18 Feb 2025 | ₹10 | Special | same day |
| 29 Aug 2024 | ₹17.50 | Dividend | n/a |
| 3 Aug 2023 | ₹16.50 | Dividend | n/a |
| 16 Sep 2022 | ₹15 | Dividend | n/a |
| 13 Sep 2021 | ₹10 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Honda India Power Products Ltd paid out 36% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are Honda India Power Products' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Honda India Power Products reported revenue of ₹189 crore, up 21.9% from ₹155 crore a year earlier, and a profit of ₹11.0 crore, up 22.2% from ₹9.00 crore. ### Honda India Power Products results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹189 crore | ₹155 crore | +21.9% |
| Profit | ₹11.0 crore | ₹9.00 crore | +22.2% |
| Earnings per share | ₹10.94 | ₹9.35 | +17.0% |
| Operating margin | 8.0% | 5.0% | +3.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Honda India Power Products share price history? Honda India Power Products closed at ₹1,779.50 on 3 November 2026, down 31.9% from ₹2,612.80 a year earlier (31 October 2025) and up 34.7% over five years. Its highest weekly close since March 2016 was ₹4,158.70 on 5 July 2024. ### Honda India Power Products share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,800.00 | −1.1% |
| 1 month ago · 1 Oct 2026 | ₹1,906.60 | −6.7% |
| 6 months ago · 30 Apr 2026 | ₹2,309.10 | −22.9% |
| 1 year ago · 31 Oct 2025 | ₹2,612.80 | −31.9% |
| 3 years ago · 3 Nov 2023 | ₹2,894.40 | −38.5% |
| 5 years ago · 4 Nov 2021 | ₹1,320.85 | +34.7% |
| 10 years ago · 4 Nov 2016 | ₹1,557.85 | +14.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1,153.15 | +54.3% |
| Highest weekly close since March 2016 · 5 Jul 2024 | ₹4,158.70 | −57.2% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹770.75 | +130.9% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹2,526.40 | −29.6% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,751.00 | +1.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Honda India Power Products? 3 Nov 2026: Honda India Power Products closed at ₹1,779.50, down 1.1% on the week and down 6.7% on the month. 19 Aug 2026: ex-date for a dividend of ₹23 a share. ### Earlier

- Results for April to June 2026: Revenue up 21.9% and profit up 22.2% on a year earlier. - 18 Feb 2026: ex-date for a dividend of ₹3.50 a share, record date 19 Feb 2026. ## Which stock lists is Honda India Power Products on? Honda India Power Products is not on any of our India lists this week. ## Is Honda India Power Products profitable? Honda India Power Products Ltd earned ₹11.0 Cr of net profit in the Jun 2026 quarter, +22.2% on the same quarter a year earlier. Full-year FY26 profit was ₹64.0 Cr. Over 10 years profit has grown 2.7% a year on average. That is 5.8% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr. For the full year, FY26 profit was ₹64.0 Cr (−20.0% on the year before). Why profit moved: revenue changed +21.9% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +2.2% and revenue +13.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Honda India Power Products make, and is it growing? Honda India Power Products Ltd reported ₹189 Cr of revenue in the Jun 2026 quarter, +21.9% on the same quarter a year earlier. Over 10 years it has grown 2.5% a year on average. The last full year, FY26, came in at ₹865 Cr. The last four reported quarters add to ₹900 Cr. FY26 revenue was ₹865 Cr, +8.9% on the year before. Recent pace: the last four quarters grew +13.0% on average, against 2.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.8%, against −1.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −9.6%, against −14.8% a year (accelerating). ## How much of every ₹100 of sales does Honda India Power Products keep? Honda India Power Products Ltd's operating margin was 8.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.0% and 14.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.2 percentage points on the year while gross margin changed −0.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Honda India Power Products' profit turning into cash? Over the last 3 years, 50% of Honda India Power Products Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹11.0 Cr of cash, against ₹64.0 Cr of profit. After ₹84.0 Cr of spending on assets, free cash was −₹95.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 50% of profit came in as cash: the cash cycle got 44 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 44 days longer. The next section looks at where the cash is stuck. ## Where does Honda India Power Products' cash go? Honda India Power Products Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 105 days in FY26, up from 61 days in FY21. It spent ₹141 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 116 days on average. At FY26 sales of ₹865 Cr, each day of that cycle ties up about ₹2.4 Cr, so roughly ₹249 Cr is tied up in the business at any time. FY26: customers took 66 days to pay and stock sat for 116 days, about 3.8 months of sales sitting as stock, for a full cycle of 105 days, longer than FY21's 61. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 116 days. Customers pay about 66 days after that. Suppliers are paid at 78 days. Together that makes the 105-day cycle. Spending on assets: ₹141 Cr over the last 3 years, against ₹65.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹44.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Honda India Power Products' P/E ratio, and how does it compare with its own history? Honda India Power Products Ltd's P/E is 24.7×, in the middle of its own history: higher than 45% of past readings. Its usual P/E (the middle reading) is 25.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹64.92. Why the multiple is where it is: over the past year earnings per share moved −19.6% while the price moved −31.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +6.1% a year; about −0.6% a year came from earnings growth and about +6.7 percentage points from the multiple (the market paying more); over 10 years the price moved +1.3% a year; about +1.8% a year came from earnings growth and about −0.5 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Honda India Power Products business getting better or worse? Honda India Power Products Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −9.6% in the latest quarter, against +21.7% at its best in 12 quarters, with ROCE falling at 10.6%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Honda India Power Products earn on its capital? Honda India Power Products Ltd earned a ROCE of 12% in FY26. That is up from a low of 11% in FY21. Its return on capital used (ROIC) is 3.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 7.4% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.4% net margin × 0.83× asset turnover × 1.30× leverage (assets divided by equity) ≈ 8.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 8.5% − 12.0% = −3.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Honda India Power Products have too much debt? Honda India Power Products Ltd has total debt of ₹1.0 Cr against shareholder equity of ₹803 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Honda India Power Products shareholding pattern? No group of Honda India Power Products Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.3 points over the same period, to 18.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.5 points over 8 quarters, to 0.9%; Domestic institutions: +0.3 points over 8 quarters, to 18.3%; Promoters: +0.0 points over 8 quarters, to 66.7%. ## How far is Honda India Power Products from balance-sheet trouble? For Honda India Power Products Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Honda India Power Products rank in its industry? 39.4 out of 100, rank 16 of 19 in Capital Goods - Electric General, with 81% of the evidence available. Honda India Power Products Ltd scores 39.4 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.1 + 8.1 + 6.7 + 8.5 = 39.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Honda India Power Products compared with? Honda India Power Products ranks 16 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 39.4 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. Honda India Power Products Ltd this page HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 11.8% · Profit -9.6% · Operating margin change 3 points · 88% evidence Capital efficiency 8.1/25 · ROCE 11.5% · Operating margin 8% · 100% evidence Valuation 6.7/20 · P/E 24.3× · PEG 2.07 · 100% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.5% · 1 year -33% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.1 + 8.1 + 6.7 + 8.5 = 39.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Honda India Power Products in size? Honda India Power Products is the 6th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Spectrum Electrical Industries, Ravindra Energy and Rishabh Instruments. Just below it: Exicom Tele-Systems, Alpex Solar and Insolation Energy. ### Capital Goods - Electric General companies close in size

1. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) ₹6,757 crore
2. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) ₹2,671 crore
3. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) ₹2,424 crore
4. Honda India Power Products Ltd ₹1,777 crore
5. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) ₹1,740 crore
6. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ₹1,687 crore
7. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) ₹1,518 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) ₹1,790 crore · Dyes & Pigments
2. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) ₹1,786 crore · Diamond, Gems & Jewellery
3. Honda India Power Products Ltd ₹1,777 crore
4. [Titan Biotech Ltd](https://www.sectoralpha.in/stocks/titan-biotech-ltd) ₹1,755 crore · Pesticides/Agrochemicals
5. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) ₹1,745 crore · IT - Software

## What else do people ask about Honda India Power Products? ### What is Honda India Power Products's share price today? Honda India Power Products Ltd's share price is ₹1,779.50, −31.9% over the past year. The whole company is worth ₹1,804 Cr on the market. In the last 52 weeks it traded between ₹1,751 to ₹2,526; today it is 4% of the way up from the low, 16.2% below its 200-day average (as of 3 November 2026). ### What were Honda India Power Products's latest quarterly results? Honda India Power Products Ltd reported revenue of ₹189 Cr and net profit of ₹11.0 Cr for the Jun 2026 quarter. Revenue rose 21.9% and profit rose 22.2% compared with a year earlier. Earnings per share were ₹10.94 (as of 3 November 2026). ### What is Honda India Power Products's market cap? Honda India Power Products Ltd's market capitalisation is ₹1,804 Cr at a share price of ₹1,779.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Honda India Power Products performing? Honda India Power Products Ltd's share price has been falling for 51 weeks. In its latest quarter, revenue rose 21.9% and profit rose 22.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 22 weeks running (as of 3 November 2026). ### Will Honda India Power Products's share price go up? This page does not forecast Honda India Power Products Ltd's share price. What it shows instead: the share price is ₹1,779.50, and it has been falling for 51 weeks. Its P/E of 24.7× is higher than 45% of its own last 11 years (as of 3 November 2026). ### Who owns Honda India Power Products? Promoters own 66.7% of Honda India Power Products Ltd, foreign institutions 0.9%, domestic institutions 18.3% and the public 14.1% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Honda India Power Products have too much debt? No, Honda India Power Products Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 88 times its interest bill. FY26 borrowings were ₹1.0 Cr against equity of ₹803 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Honda India Power Products in its business cycle? Honda India Power Products Ltd's FY26 operating margin was 9.0%, against a 13-year range of 8.0% to 14.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Honda India Power Products story? The main question: profits are rising, but only 50% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Honda India Power Products a stock worth studying right now? What the numbers show: Honda India Power Products Ltd's share price has fallen more than its earnings. Earnings per share fell 19.6% in a year while the price moved −31.9%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.