Honda India Power Products Ltd
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BSE Code:
522064
NSE Code:
HONDAPOWER
Business Profile
Business Profile
Honda Siel Power Products (HONDASIEL) is engaged in the business of manufacturing and marketing power products. Formerly known as Shriram Honda Power Equipment, the company was incorporated in 1985 and is a subsidiary of Honda Motor Co., Japan.
The company`s products include portable generators (handy series, silent series and LPG series), general purpose engines (portable), brush cutters, water pumps (portable), and lawnmowers (engine lawn movers). The company has its plants at Radrapur (Uttraranchal), Pondicherry and Greater Noida with a total production capacity of 175,000 units. The company gets technical inputs from Honda Motors, Japan. The product range of generators conforms to the phase II noise and emission norms laid down by the Central Pollution Control Board, Government of India. The company is ISO 9001:2000 certified for its quality assurance systems and ISO 14001 for its environment management systems.
The company has over 800 dealers and 15 area offices spread across the country. It is a recipient of an export house status. The company exports 40% of its products through the Honda worldwide distribution network to over 40 countries including Korea, the Middle East, and South Africa.
The registered office of the company is at Plot No. 5, Sector 41, Kasna, Greater Noida Industrial Development Area, Gautam Budh Nagar district-201306, Uttar Pradesh.
Financials
Honda Siel Power Products registered a 129.63% growth in net profit to Rs 55.8 million for the quarter ended June 2007 from a profit of Rs 24.3 million for the quarter ended June 2006.
Net sales rose 36.91% to Rs 543.4 million for the quarter ended June 2007 from Rs 396.9 million for the quarter ended June 2006.
Total income rose 37.53% to Rs 573.1 million for the quarter ended June 2007 from Rs 416.7 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 5.51 for the quarter ended June 2007.