Honda India Power Products (NSE:HONDAPOWER) ROE %: 13.40% (As of Mar. 2026) — 14% Above Median


NSE:HONDAPOWER Honda India Power Products Ltd NSE:HONDAPOWER
72 GF Score
Price ₹2,181.00
GF Value ₹2,317.87
Valuation Fairly Valued
! 4 Warning Signs
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What is Honda India Power Products ROE %?

Honda India Power Products NSE:HONDAPOWER +0.13% 72 ROE % is 13.40% as of Mar. 2026, which is 14% above its 10-year median of 11.80. GuruFocus rates NSE:HONDAPOWER with a GF Score™ of 72/100 and a GF Value™ of ₹2,317.87 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,003 Industrial Products companies, Honda India Power Products ranks better than 59.27% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Honda India Power Products's annualized net income for the quarter that ended in Mar. 2026 was ₹1,077 Mil. Honda India Power Products's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹8,034 Mil. Therefore, Honda India Power Products's annualized ROE % for the quarter that ended in Mar. 2026 was 13.40%.

The historical rank and industry rank for Honda India Power Products's ROE % or its related term are showing as below:

NSE:HONDAPOWER' s ROE % Range Over the Past 10 Years
Min: 7.71   Med: 11.8   Max: 14.53
Current: 7.94

During the past 13 years, Honda India Power Products's highest ROE % was 14.53%. The lowest was 7.71%. And the median was 11.80%.

NSE:HONDAPOWER's ROE % is ranked better than
59.27% of 3003 companies
in the Industrial Products industry
Industry Median: 5.86 vs NSE:HONDAPOWER: 7.94

Honda India Power Products  (NSE:HONDAPOWER) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1076.8/8033.7
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1076.8 / 10581.2)*(10581.2 / 10318.2)*(10318.2 / 8033.7)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.18 %*1.0255*1.2844
=ROA %*Equity Multiplier
=10.44 %*1.2844
=13.40 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1076.8/8033.7
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1076.8 / 1404) * (1404 / 948.8) * (948.8 / 10581.2) * (10581.2 / 10318.2) * (10318.2 / 8033.7)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.767 * 1.4798 * 8.97 % * 1.0255 * 1.2844
=13.40 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Honda India Power Products ROE % Related Terms


Honda India Power Products ROE % Historical Data

* Premium members only.

The historical data trend for Honda India Power Products's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Honda India Power Products ROE % Chart

Honda India Power Products Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.69 12.10 11.91 9.54 7.71

Honda India Power Products Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.75 4.39 5.87 8.77 13.40

NSE:HONDAPOWER vs GEV, ETN, PH: ROE % Comparison

For the Specialty Industrial Machinery subindustry, Honda India Power Products's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Honda India Power Products ROE % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Honda India Power Products's ROE % distribution charts can be found below:

* The bar in red indicates where Honda India Power Products's ROE % falls into.


NSE:HONDAPOWER
72GF Score
Honda India Power Products Ltd NSE:HONDAPOWER
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Honda India Power Products ROE % Calculation

Honda India Power Products's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=642.4/( (8635.3+8033.7)/ 2 )
=642.4/8334.5
=7.71 %

Honda India Power Products's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1076.8/( (0+8033.7)/ 1 )
=1076.8/8033.7
=13.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.40% mean?
Honda India Power Products (NSE:HONDAPOWER) has a ROE % of 13.40% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Honda India Power Products and its competitors. This is 14% above median its historical median of 11.80. Over the past decade, Honda India Power Products' ROE % has ranged from 7.71 to 14.53. According to the industry distribution chart, Honda India Power Products ranks #1223 out of 3003 companies in the Industrial Products industry, placing it in the top 40.7%.
Is Honda India Power Products' ROE % too high?
Honda India Power Products' current ROE % of 13.40% is 14% above median its 10-year median of 11.80. Over the past 10 years, this metric has ranged from a low of 7.71 to a high of 14.53. The Industrial Products industry median ROE % is 5.86. Honda India Power Products' value of 13.40% is 128.7% above this industry median. Based on the distribution chart, Honda India Power Products ranks #1223 out of 3003 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Honda India Power Products has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honda India Power Products' ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Honda India Power Products ranks #1223 out of 3003 companies for ROE %. This puts Honda India Power Products in the upper half of its industry. The industry median ROE % is 5.86. Honda India Power Products' value of 13.40% is 128.7% above this benchmark. Historically, Honda India Power Products' own ROE % has ranged from 7.71 to 14.53 over the past decade. While the company's 10-year median is 11.80 vs. the industry median of 5.86, Honda India Power Products has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honda India Power Products's current ROE % of 13.40% is 128.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Honda India Power Products and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda India Power Products's current ROE % is 13.40%, which is 14% above median its own 10-year median of 11.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda India Power Products stock overvalued right now?
Based on GuruFocus' analysis, Honda India Power Products (NSE:HONDAPOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,317.87, compared to a current price of ₹2,181.00 — trading 5.9% below its estimated fair value. The current ROE % is 13.40%, which is 14% above median its 10-year median of 11.80 and 128.7% above the Industrial Products industry median of 5.86. Honda India Power Products' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Honda India Power Products (NSE:HONDAPOWER), the current ROE % is 13.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Honda India Power Products (NSE:HONDAPOWER) Overvalued in 2026?

Based on GuruFocus' analysis, Honda India Power Products stock appears to be undervalued. The current stock price of ₹2,181.00 is trading 5.9% below its estimated GF Value™ of ₹2,317.87. GuruFocus considers Honda India Power Products to be Fairly Valued.

Key valuation signals for NSE:HONDAPOWER:

  • ROE %: 13.40% (14% above median its 10-year median of 11.80)
  • GF Value™: ₹2,317.87 vs. price of ₹2,181.00 (5.9% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 128.7% above the Industrial Products median (#1223 of 3003)

No single metric tells the full story. See the NSE:HONDAPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honda India Power Products Business Description

Other Exchanges 522064:India
Address Plot No. 5, Sector-41 Kasna, Greater Noida Industrial Development Area, District Gautam Budh Nagar, Greater Noida, UP, IND, 201310
Honda India Power Products Ltd is engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters, tillers, and marine engines. The geographical spread of the company business is present across Indian as well as international markets and generating revenues from the sale of its products.
72GF Score

Get the complete analysis for NSE:HONDAPOWER

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,181.00
Price
₹2,317.87
GF Value