Honda Siel Power Products Limited, Fundamental analysis

Industry Industry name	Capital Goods - Electrical Equipment
Variance Full Year Net Profit Variance	-9
Equity Latest Equity	10.14
Face Value Latest Face Value	10
Reserves Total Reserve	793.23
Dividend Full Year Dividend %	230
Sales Turnover Full Year Net Sales	865.45
Net Profit Full Year Net Profit	71.74
Full Year CPS Full Year Cash Per Share	93.7
Earning Per Share Full Year Earning Per Share	70.7
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Jun 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	189.25
Previous EPS Previous earnings per share	0
Book Value Book value	792.3
Networth Full Year Return on Networth	8.61
Price/Book Value Price to Book value	2.645463
Yearly PE ratio Full Year Price to Earning per share	29.6
Yearly PC ratio Full Year Price to Cash Per Share	22.4
Bse value BSE Value in lakhs	3.72
Nse value NSE Value in lakhs	58.33
High 52 week high	3216
Low 52 week low	1840
Price NSE Current market price	2093
CPM Current market price	2096

Market cap BSE / NSE Market Cap	2125.29
Net profit Latest Quarter Net Profit	11.1
Net profit variance Latest Quarter Net Profit variance	17
Result year Trailing latest month	Jun 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	815.91
TTM OP Trailing Twelve 12 month Operating Profit	76.92
TTM OPM Trailing Twelve 12 month Operating Profit Margin	9.43
TTM GP Trailing Twelve 12 month Gross Profit	112.4
TTM GPM Trailing Twelve 12 month Gross Profit Margin	12.49
TTM NP Trailing Twelve 12 month Net Profit	65.79
TTM NPV Trailing Twelve 12 month Net Profit Variane	-0.21
TTM EPS Trailing Twelve 12 month EPS	72.1
TTM PE Trailing Twelve 12 month PE	29.07
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	20.93
Equity Latest Equity	10.14
LTP Latest Price (BSE/NSE)	2096
Gross block Latest Gross Block	285.34
Loans Total loans	0.99
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	9.5
Year GPM Full Year Gross Profit Margin	13.7
Quarter OPM Latest quater Operation Profit Margin	7.6

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	177	204	269	155	176	270	265	189
YOY Sales Growth %	-38%	-22%	16%	7%	-1%	32%	-2%	22%
Gross Sales	177	204	269	155	176	270	265	189
+ Expenses	170	183	225	146	164	250	235	175
Material Cost %	49%	49%	27%	76%	73%	35%	38%	92%
Raw Material Cost	89	100	103	94	105	116	113	128
Change in Inventory	-2	0	-30	25	23	-22	-11	47
Manufacturing Cost %	18%	16%	16%	17%	16%	19%	17%	18%
Employee Cost %	19%	16%	13%	22%	20%	13%	13%	19%
Other Cost %	10%	9%	27%	-21%	-15%	25%	21%	-36%
Raw Materials %	50%	49%	38%	61%	60%	43%	43%	67%
Purchase of Finished Goods %	8%	9%	5%	11%	11%	9%	12%	14%
Stock Adjustments %	1%	0%	11%	-16%	-13%	8%	4%	-25%
Other Manufacturing Expenses %	18%	16%	16%	17%	16%	19%	17%	18%
Operating Profit	7	21	43	8	11	20	30	14
OPM %	4%	10%	16%	5%	6%	7%	11%	8%
+ Other Income	10	10	11	10	9	8	11	7
Miscellaneous Income	10	10	11	10	9	8	11	7
Exceptional Income	0	0	0	0	0	0	2	0
Interest	0	0	0	0	0	0	0	0
Depreciation	5	5	6	6	6	6	6	7
Profit before tax	11	26	49	13	15	23	35	15
+ Tax %	26%	26%	26%	26%	26%	27%	23%	26%
Current Tax	3	7	15	3	4	6	8	4
Deferred Tax	0	0	-2	0	0	0	0	0
+ Net Profit	9	19	36	9	11	17	27	11
Extraordinary Income / Expense	0	0	0	0	0	-12	2	0
Exceptional Item	0	0	0	0	0	-12	2	0
EPS in Rs

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	736	777	816	849	939	1,156	1,246	989	794	865
Sales Growth %		6%	5%	4%	11%	23%	8%	-21%	-20%	9%
Gross Sales	667	758	816	849	939	1,156	1,246	989	794	865
Excise Duty	34	10	0	0	0	0	0	0	0	0
+ Expenses	640	675	729	767	867	1,054	1,129	890	707	794
Material Cost %	57%	59%	61%	59%	65%	63%	60%	61%	56%	58%
Raw Material Cost	432	430	513	594	553	746	751	598	423	519
Change in Inventory	-16	26	-12	-92	55	-14	0	3	21	-14
Manufacturing Cost %	2%	2%	2%	3%	2%	2%	2%	2%	3%	2%
Employee Cost %	10%	11%	12%	13%	11%	10%	10%	13%	17%	16%
Other Cost %	19%	15%	14%	15%	14%	16%	18%	14%	14%	15%
Raw Materials %	59%	55%	63%	70%	59%	65%	60%	60%	53%	60%
Purchase of Finished Goods %	8%	7%	9%	8%	6%	8%	8%	10%	7%	11%
Stock Adjustments %	2%	-3%	1%	11%	-6%	1%	0%	-0%	-3%	2%
Power & Fuel %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Other Manufacturing Expenses %	1%	1%	1%	2%	1%	1%	1%	1%	2%	2%
Selling & Administration %	13%	12%	12%	13%	13%	15%	15%	13%	12%	12%
Miscellaneous Expenses %	1%	1%	1%	2%	1%	1%	3%	1%	2%	2%
Operating Profit	96	102	87	82	72	102	118	99	88	72
OPM %	13%	13%	11%	10%	8%	9%	9%	10%	11%	8%
+ Other Income	16	15	18	31	15	17	19	45	42	37
Miscellaneous Income	16	15	18	31	15	20	19	45	42	39
Exceptional Income	0	0	0	15	0	0	0	4	0	2
Interest	1	1	1	1	1	1	1	1	1	0
Depreciation	23	23	21	22	20	19	21	20	22	23
Profit before tax	88	94	83	90	66	100	115	124	108	86
+ Tax %	34%	35%	35%	26%	26%	26%	26%	25%	26%	25%
Current Tax	30	34	31	25	18	27	37	27	30	21
Deferred Tax	0	-1	-2	-1	-1	-1	-6	4	-3	0
+ Net Profit	58	61	54	67	49	75	85	92	80	64
Profit Growth %		6%	-12%	23%	-27%	53%	14%	8%	-13%	-20%
Extraordinary Income / Expense	0	0	-4	4	0	0	-18	4	0	-10
Exceptional Item	0	0	-4	4	0	0	-18	4	0	-10
EPS in Rs

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	10	10	10	10
Reserves	412	464	507	559	595	660	727	802	853	793
+ Borrowings	0	0	0	1	1	1	1	0	0	1
Unsecured Borrowings	0	0	0	1	1	1	1	0	0	1
+ Other Liabilities	114	124	141	148	187	194	196	184	194	238
Current Liabilities	117	126	142	148	186	193	195	183	194	238
Provisions	11	13	14	19	20	20	47	29	35	31
Other liability items	0	1	1	0	1	1	1	1	0	0
Total Liabilities	536	599	658	719	794	865	934	997	1,058	1,042
+ Fixed Assets	107	101	95	98	91	87	91	98	107	132
Gross Block	128	143	148	168	169	175	198	219	241	285
Accumulated Depreciation	22	42	54	70	78	89	106	121	134	154
CWIP	0	1	3	2	2	13	9	7	8	44
Investments	0	0	0	0	0	0	0	0	0	0
+ Other Assets	429	497	560	619	700	765	833	892	943	867
Inventories	123	93	115	215	163	180	170	146	129	161
Trade receivables	26	64	64	50	82	87	71	51	118	158
Cash Equivalents	142	192	61	35	136	277	468	541	542	79
Loans n Advances	57	79	261	266	227	90	58	47	50	390
Other asset items	80	69	60	54	92	131	66	107	104	79
Total Assets	536	599	658	719	794	865	934	997	1,058	1,042

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	40	55	21	-18	152	37	157	106	22	-11
Profit Before Tax & Extraordinary Items	88	94	87	86	66	100	133	120	108	96
Depreciation	23	23	21	22	20	19	21	20	22	23
Interest (Net)	-13	-13	-16	-13	-12	-12	-16	-32	-37	-31
Profit / Loss on Sale of Assets	0	0	-1	0	-1	0	-1	0	-1	0
Provisions & Write-offs (Net)	-2	-1	1	0	-1	0	0	0	6	0
Profit / Loss in Forex	1	1	1	0	0	1	0	-3	-1	-1
Receivables	5	-38	-1	14	-32	-6	15	21	-68	-38
Inventories	-24	30	-21	-100	51	-16	9	25	17	-32
Trade Payables	12	5	8	5	27	3	-23	5	-18	25
Direct Taxes Paid	-37	-38	-35	-30	-18	-27	-39	-25	-32	-27
+ Cash from Investing Activity	-14	-65	-13	47	-92	16	-148	-97	-69	173
Purchase of Fixed Assets	-13	-16	-18	-22	-15	-17	-30	-23	-41	-52
Sale of Fixed Assets	0	0	1	1	1	1	1	1	1	0
Interest Received	11	9	18	16	13	12	11	28	34	40
Acquisition of Companies	0	0	-160	0	-160	0	0	0	0	0
Others	-12	-59	147	53	-91	-140	-131	-103	-63	185
+ Cash from Financing Activity	-8	-9	-11	-13	-14	-11	-16	-18	-28	-126
Repayment of Financial Liabilities	0	0	0	-1	-1	-1	-1	0	0	0
Dividend Paid	-6	-8	-9	-10	-13	-10	-15	-17	-28	-126
Others	-1	-2	-2	-2	0	0	0	0	0	0
Net Cash Flow	18	-20	-3	17	46	42	-7	-9	-75	36