HONASA CONSUMER LTD (HONASA): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹484.05 latest close · +4.8% over the last 90 sessions

₹484.05 month-end · +67.0% over 12 months

₹484.05 month-end · +16.1% since Nov '23

52-week range ₹248.40 to ₹509.80 · 1-year volatility 33.1%

Was the rally earned?

+67%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 159 points, but investors now pay less per rupee of profit (P/E 127.7x to 63.3x), which took 92 points back.
The share count barely moved.

Net profit growth+161 ptsNet profit rose about 242%, which lifts the price.

P/E change-92 ptsThe P/E fell from 127.7x to 63.3x, which lowers the price.

Share count change-2 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with HINDUSTAN UNILEVER

How rough has the ride been?

Maximum drawdown-62.9%not yet recovered

1-year volatility33.1%annualised

Beta vs sector index0.583-year daily, correlation 0.17

Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-62.9% (2024-09 peak to 2025-02 low, not yet recovered)

-24.6% (2024-01 peak to 2024-03 low, recovered 2024-08)

-23.5% (2023-11 peak to 2023-12 low, recovered 2024-01)

Most recent volume spikes

2026-11-09: 9x the 50-day median, price +3.0% that day

2026-11-06: 5.1x the 50-day median, price -3.2% that day

2026-10-06: 33.1x the 50-day median, price +8.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

63.3xP/E todayNear its historic low

Against its own history17th percentile

CheapestMedian 82.5xDearest

Usual range 61.8x to 128.0x since 2023-11.

Against Consumer Non-Durables63.3x vs 26.8x

This company

63.3x

Sector median

26.8x

136% above the Consumer Non-Durables median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Non-Durables is valued

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE70th▲ 42 pts vs a year ago
Op. margin62nd▲ 27 pts vs a year ago
Revenue growth77th▲ 39 pts vs a year ago
EPS growth97th▲ 87 pts vs a year ago
Debt/equity ↓77th▲ 6 pts vs a year ago
Cash cycle ↓98thflat vs a year ago
P/E ↓19th▲ 11 pts vs a year ago
12M momentum94th▲ 17 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

~52%annual earnings growth implied by the price

At a P/E of 317.7x, the price would imply about 52.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹484.05
P/E: 63.3x
ROCE: 19.0%
Market Cap: ₹15785 cr
Revenue (TTM): ₹2553 cr
P/S: 6.2x
P/B: 11.2x
ROE: 17.7%
Operating Margin: 15.0%
Debt / Equity: 0.1x
Promoter Holding: 35.5%
12M Momentum: 67.0%

52-week range

₹248.40₹509.80

90% of the way from its 52-week low to its high

Price risk

1Y volatility

33.1%

Beta vs sector

1-year daily

0.74

Balance sheet & cash

Interest cover

operating profit ÷ interest

27.8x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.24x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold

Other income reliance24%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 24.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 22.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.24xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.24x (cash from operations ₹478 cr, net profit ₹384 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (30 vs 30). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+8 days / 2 yrsWithin range

Days payable changed by +8 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, DIIs added 4.0 pts; FIIs added 3.5 pts.
The number of shareholders rose from 53,186 to 85,336 (+60%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters35.3%35.5%+0.1 pts

FIIs10.1%13.6%+3.5 pts

DIIs17.6%21.6%+4.0 pts

Public and others37.0%29.3%-7.7 pts

Number of shareholders

85,336shareholders+60% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−2.5%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like HONASA CONSUMER LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −24% to +17% vs the market, against +1% for all non-financial companies in the same months.
The gap against the base rate (−3.0%, 80% range −11.6% to +1.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−2.5%

All companies' median

+0.5%

Beat the market

44% vs 50%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
IPCALAB Health Technology	Jan 2020	36x	16%	+63%	−1%	+24%
PERSISTENT Technology Services	May 2021	57x	18%	+384%	0%	+37%
BALKRISIND Consumer Durables	May 2020	27x	22%	+39%	−16%	+17%
RALLIS Process Industries	Jul 2020	29x	16%	+82%	−7%	−29%
CERA Consumer Durables	Aug 2023	59x	26%	+91%	0%	−34%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
GARFIBRES Producer Manufacturing	May 2020	25x	26%	+20%	−13%	+15%
RATNAMANI Non-Energy Minerals	Feb 2023	48x	20%	+47%	−7%	−7%
BSOFT Technology Services	Jan 2024	70x	17%	+181%	0%	−42%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, P/S and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to HONASA CONSUMER LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

SAFARI INDUSTRIES INDIASAFARI

Consumer Durables

71%similar

ROCErevenue growth

ELGI EQUIPMENTSELGIEQUIP

Producer Manufacturing

66%similar

operating marginmarket cap

INDEGENEINDGN

Health Technology

65%similar

ROCEmarket cap

METROPOLIS HEALTHCAREMETROPOLIS

Health Services

64%similar

P/EROCE

GLOBAL HEALTHMEDANTA

Health Services

63%similar

revenue growthpromoter holding

RADICO KHAITANRADICO

Consumer Non-Durables

65%similar

volatilitypromoter holding

MRS BECTORS FOOD SPECIALITIESBECTORFOOD

Consumer Non-Durables

56%similar

revenueoperating margin

CCL PRODUCTS INDIACCL

Consumer Non-Durables

47%similar

volatilitymarket cap

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

25 events since Jun '24

2026
OctPriceVolume reached 33.1x its 50-day median on 2026-10-06; price +8.2% that day.
SepValuationP/E fell below the 10th percentile of its own history to date (56.4x).
SepPriceVolume reached 28.5x its 50-day median on 2026-09-29; price -5.2% that day.
AugPeer rankMoved into the 2nd quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the 3rd quartile).
JunDividendStarted paying a dividend (payout 49% of profit).
MayPriceVolume reached 124.2x its 50-day median on 2026-05-22; price +6.6% that day.
FebPriceVolume reached 54.3x its 50-day median on 2026-02-13; price +0.7% that day.

Show 17 earlier events

2025
DecResultsYear-on-year EPS growth turned positive.
DecPeer rankMoved into the top quartile of Consumer Non-Durables on EPS growth (from the bottom quartile).
DecPriceVolume reached 70.2x its 50-day median on 2025-12-30; price +5.2% that day.
AugPriceVolume reached 48.7x its 50-day median on 2025-08-13; price +5.9% that day.
JunResultsRevenue (TTM) reached a new high of ₹2,068 cr.
JunPeer rankSlipped to the 3rd quartile of Consumer Non-Durables on ROCE (from the 2nd quartile).
MayPriceVolume reached 45.8x its 50-day median on 2025-05-23; price +19.7% that day.
FebPriceFell 63% from the Sep 2024 peak to the Feb 2025 low.
FebPriceVolume reached 21.8x its 50-day median on 2025-02-13; price +12.7% that day.
2024
DecPeer rankSlipped to the bottom quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
NovSharesShare count is up 138.2% over 12 months.
NovPriceVolume reached 15.6x its 50-day median on 2024-11-19; price -11.2% that day.
SepInstitutionsFII + DII holding rose 3.6 pts over 2 quarters to 31.3%.
SepPriceVolume reached 98.9x its 50-day median on 2024-09-12; price -5.4% that day.
JunResultsEPS (TTM) turned positive.
JunPeer rankMoved into the 2nd quartile of Consumer Non-Durables on ROCE (from the bottom quartile).
JunPriceVolume reached 17.1x its 50-day median on 2024-06-21; price +5.5% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history37 months · 2023-11 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	63.3x	₹2553 cr	17.7%	19.0%	0.1x
2026-10	57.8x	₹2553 cr	17.6%	19.0%	0.1x
2026-09	56.4x	₹2553 cr	17.6%	19.0%	0.1x
2026-08	78.2x	₹2392 cr	14.1%	19.0%	0.1x
2026-07	73.1x	₹2392 cr	14.1%	19.0%	0.1x
2026-06	74.5x	₹2392 cr	14.1%	19.0%	0.1x
2026-05	84.8x	₹2269 cr	13.1%	8.0%	0.1x
2026-04	71.1x	₹2269 cr	13.1%	8.0%	0.1x
2026-03	62.3x	₹2269 cr	13.1%	8.0%	0.1x
2026-02	74.8x	₹2185 cr	11.1%	8.0%	0.1x
2026-01	68.2x	₹2185 cr	11.1%	8.0%	0.1x
2025-12	70.7x	₹2185 cr	11.1%	8.0%	0.1x
2025-11	127.7x	₹2109 cr	6.2%	8.0%	0.1x
2025-10	125.2x	₹2109 cr	6.2%	8.0%	0.1x
2025-09	123.7x	₹2109 cr	6.2%	8.0%	0.1x
2025-08	130.8x	₹2068 cr	6.1%	8.0%	0.1x
2025-07	121.4x	₹2068 cr	6.1%	8.0%	0.1x
2025-06	138.7x	₹2068 cr	6.1%	8.0%	0.1x
2025-05	131.3x	₹2005 cr	7.0%	16.0%	0.1x
2025-04	102.3x	₹2005 cr	7.0%	16.0%	0.1x
2025-03	96.2x	₹2005 cr	7.0%	16.0%	0.1x
2025-02	89.4x	₹1975 cr	7.0%	16.0%	0.1x
2025-01	91.3x	₹1975 cr	7.0%	16.0%	0.1x
2024-12	105.9x	₹1975 cr	7.0%	16.0%	0.1x
2024-11	51.4x	₹2009 cr	11.4%	16.0%	0.1x
2024-10	76.7x	₹2009 cr	11.4%	16.0%	0.1x
2024-09	89.3x	₹2009 cr	11.4%	16.0%	0.1x
2024-08	87.1x	₹1919 cr	10.0%	16.0%	0.1x
2024-07	80.2x	₹1919 cr	10.0%	16.0%	0.1x
2024-06	74.6x	₹1919 cr	10.0%	16.0%	0.1x
2024-05	—	₹1493 cr	—	3.0%	—
2024-04	—	₹1493 cr	—	3.0%	—
2024-03	—	₹1493 cr	—	3.0%	—
2024-02	—	₹1493 cr	—	3.0%	—
2024-01	—	₹1493 cr	—	3.0%	—
2023-12	—	₹1493 cr	—	3.0%	—
2023-11	—	₹1493 cr	—	3.0%	—

Methodology and data notes