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Mumbai: It seems as if the pre-election rally of the feelgood factor has started in the Indian stock markets before the Lok Sabha elections. The overbought condition of the market in the last two months of February and the first fortnight of March, overheated small and mid-cap stocks improved and now a new record bullish streak has started again. In the last week, small, mid-cap stocks have again seen aggressive rally, with Sensex hitting a new record of 74501.73 and Nifty at 22619. As funds, high net worth investors, retail investors became active again and took advantage of the opportunity to invest in stocks at attractive valuations, prices of many stocks have started rising again. Earlier, the market had witnessed a healthy recovery as a result of concerns over overvaluation, risk aversion and strict measures by SEBI and Reserve Bank of India. SEBI Chairman also gave positive statement that Indian capital markets are getting high valuations due to optimism and confidence of foreign investors and positive year end signal from Finance Minister in favor of regulation in Indian stock markets gave a lot to the market Is. need support. Now the corporate results season is set to begin in late March 2024 ahead of elections in the new financial year 2024-25. The market will keep an eye on the results of Tata Consultancy Services-TCS to be announced next week on April 12, 2024. Along with this, in the coming week, on April 11, 2024, on the occasion of Ramzan Eid, the stock markets will remain closed and there will be a week of four trading days. On the global front, US stock markets rose again over the weekend as US employment rose by 3,03,000 as unemployment fell, but inflation risks and the possibility of a delay in interest rate cuts and Ukraine joining NATO remained on the back burner. With geopolitical tensions rising further over the Russia-Ukraine war and the Israel-Hamas war, global factors will now be under watch, including Israel's alleged attack on Iran's embassy in Syria and Iran's threat to target Israel at any moment. Amidst these factors, foreign portfolio investors in the Indian markets have become net buyers in the shares, in case of increased buying, next week Nifty spot may close at 22977 above 22777 and Sensex may close at 75777 above 75000.
Arjun's Eyes: Honda India Power Products Limited.
BSE (522064), NSE (HondaPower) Listed, Rs 10 Paid-Up, ISO 9001:2000, ISO 14001:2015 & ISO 14001 Certified, Honda India Power Products Limited (Formerly Honda CL Power Products Limited) Established in the year 1985 Honda Motor Company of Japan is one of the leading companies operating in India and abroad for more than three decades and 36 years in the field of manufacturing and marketing of portable generators, water pumps, tillers and general purpose engines. Electrical products industry. In addition the company also sells lawn mowers, brush cutters and long tail boat engines. The company sells all its products under the Honda brand. Providing innovative, eco-friendly and superior products to customers in power backup, agriculture and construction sectors across India, the company has over 2500 company trained mechanics with 17 regional offices in India, over 50 lakh customers, over 600 There is a strong network of dealers. After starting the first portable generator factory in Rudrapur in 1988, the company started exports in 1989. The company, which entered the agriculture sector with the production of engines in 1991 and began manufacturing water pumps in 1992, set up its second plant in Puducherry in 1995. Consolidation of manufacturing facilities in the year 2000 merged the manufacturing plants into state-of-the-art facilities in Greater Noida and brought them under one roof.
The company is benefiting from the extensive experience and strong R&D of parent Honda Motor Company, the world's second largest engine manufacturer, as well as in-house technological innovation. The company's products include marine outboards, motors, tillers, brush cutters, lawn mowers, generators, general purpose engines, with manufacturing facilities in Greater Noida, Uttar Pradesh, with an annual production capacity of 3,50,000 units. The company exports its products to more than 35 countries including Asia, North America, Middle East and Africa, South America. The company's 7.0 KV generators have gained a good reputation in the US, Europe and other developed markets due to their quality, performance, technology (fuel injection system).
The company established the Marine Outboard business in India with the objective of providing high performance, durable, fuel efficient operational performance to boat operators for maritime security, patrol, rescue and interceptor boats, taxi boats for passenger boats and tourism/leisure industry for leisure. I entered. Active in providing support solutions to sea fishing and commercial fishing and inland river systems. For this, the company has introduced a range of Honda four-stroke marine outboard motors. The maritime industry in India is expected to grow to Rs 1400 crore due to opening up of marketable opportunities along the 8000 km long coastline like Kashmir, Andaman, Goa and Kerala.
Dividend: 100% in 2019, 125% in 2020, 100% in 2021, 150% in 2022, 165% in 2023
Shareholding pattern: Promoter Honda Motors Company-Japan 66.67 per cent, Mutual Fund 14.82 per cent Nippon Life India Trustee Ltd. 8.33 percent in Tata Mutual Fund, 5.07 percent in Quant Mutual Fund, 1.41 percent in Quant Mutual Fund. The share of HNI and others is 18.52 percent. Individual retail shareholders holding up to Rs 2 lakh hold 13.33 per cent stake.
Book Value: Rs 597 in March 2021, Rs 661 in March 2022, Rs 726 in March 2023, Expected Rs 830 in March 2024, Expected Rs 963 in March 2025
financial result:
(1) Full year April 2022 to March 2023: Net income increased by 7.85% to Rs 1265 crore. Net Profit Margin-NPM from 7.88%. Net profit before extraordinary loss rose 34% to Rs 99.68 crore per share. Earnings-EPS achieved. Rs 98.30
(2) Q1 April 2023 to June 2023: Net income increased by 5.69 per cent to Rs 217.53 crore, net profit increased by 244 per cent to Rs 16.90 crore at NPM of 7.77 per cent, quarterly earnings per share at Rs 16.66. achieved.
(3) Q2 July 2023 to September 2023: Net income NPM declined 26 per cent to Rs 296.50 crore from 10.52 per cent, net profit declined 26 per cent to Rs 31.19 crore and earnings per share reached Rs 30.75.
(4) Q3 October 2023 to December 2023: Net income down 20% to Rs 273.39 crore, NPM down 10.36%, Net profit down 11% to Rs 28.32 crore, Earnings per share (EPS) at Rs 27.92.
(5) First nine months April 2023 to December 2023: Net income declined 17 per cent to Rs 787.42 crore, net profit declined 3.59 per cent to Rs 76.41 crore and nine monthly earnings per share declined to Rs 75.33.
(6) Expected full year April 2023 to March 2024: Earnings per share are expected to be Rs 104.33 crore from estimated net income of Rs 1070 crore and net profit is expected to be Rs 105.90 crore.
(7) Expected full year April 2024 to March 2025: Earnings per share are expected to be Rs 133 and net profit of Rs 135 crore from estimated net income of Rs 1298 crore.
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified investment financial advisor before making any investment decisions. The author, Gujarat Samachar or any other person will not be responsible for any possible loss on investment. (2) Promoters hold 66.7 per cent promoter stake in Honda Motor Company-Japan (3) Paying dividends in excess of 150 per cent (4) Over three decades in the manufacturing and sales of portable generators, water pumps, tillers and general purpose engines Active in the electrical products industry. India and Overseas One (5) Expected Full Year 2023-24 Expected EPS-Earnings per Share of Rs 104.33 and Expected Book Value Rs 830 (6) Expected Full Year 2024-25 Expected EPS-Earnings of Rs 133 and. Expected book value Rs. Rs 10 Paid-up share of Honda India Power Products Limited against book value on April 5, 2024 on BSE at Rs. At 2455.50 (Rs 2490 on NSE) the expected earnings for March 2025 are 18 against the industry average P/E of 31. P/E of 50 is available. The minimum P/E of the company should be 25.
