Honasa Consumer Valuation

Q: What is the Fair Price of HONASA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HONASA (₹237.7) is trading above our estimate of [[fair value]] (₹133.32)

Is HONASA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HONASA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HONASA (₹237.7) is trading above our estimate of fair value (₹133.32)

Significantly Below Fair Value: HONASA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HONASA?

Key metric: As HONASA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HONASA. This is calculated by dividing HONASA's market cap by their current earnings.
What is HONASA's PE Ratio?
PE Ratio	98.9x
Earnings	₹780.59m
Market Cap	₹77.21b

HONASA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.6x
Enterprise Value/EBITDA	135.2x
PEG Ratio	2.3x

Price to Earnings Ratio vs Peers

How does HONASA's PE Ratio compare to its peers?

The above table shows the PE ratio for HONASA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	49.8x
531162 Emami	35.9x	11.4%	₹277.2b
507815 Gillette India	66.2x	n/a	₹299.1b
533229 Bajaj Consumer Care	20.9x	11.8%	₹29.5b
500459 Procter & Gamble Hygiene and Health Care	76.2x	15.9%	₹515.3b
HONASA Honasa Consumer	98.9x	43.7%	₹77.2b

Price-To-Earnings vs Peers: HONASA is expensive based on its Price-To-Earnings Ratio (98.9x) compared to the peer average (49.8x).

Price to Earnings Ratio vs Industry

How does HONASA's PE Ratio compare vs other companies in the IN Personal Products Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HONASA is expensive based on its Price-To-Earnings Ratio (98.9x) compared to the Asian Personal Products industry average (25.2x).

Price to Earnings Ratio vs Fair Ratio

What is HONASA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HONASA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	98.9x
Fair PE Ratio	68.1x

Price-To-Earnings vs Fair Ratio: HONASA is expensive based on its Price-To-Earnings Ratio (98.9x) compared to the estimated Fair Price-To-Earnings Ratio (68.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HONASA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹237.70	₹409.58 +72.3%	23.3%	₹570.00	₹300.00	n/a	12
Nov ’25	₹395.00	₹532.83 +34.9%	11.7%	₹639.00	₹400.00	n/a	12
Oct ’25	₹455.00	₹532.83 +17.1%	11.7%	₹639.00	₹400.00	n/a	12
Sep ’25	₹505.40	₹512.27 +1.4%	9.5%	₹570.00	₹400.00	n/a	11
Aug ’25	₹462.35	₹510.00 +10.3%	11.3%	₹590.00	₹400.00	n/a	10
Jul ’25	₹441.20	₹510.00 +15.6%	11.3%	₹590.00	₹400.00	n/a	10
Jun ’25	₹441.60	₹498.33 +12.8%	12.9%	₹590.00	₹400.00	n/a	9
May ’25	₹431.20	₹493.13 +14.4%	13.9%	₹590.00	₹390.00	n/a	8
Apr ’25	₹407.35	₹490.83 +20.5%	15.0%	₹590.00	₹390.00	n/a	6
Mar ’25	₹417.45	₹511.25 +22.5%	14.6%	₹590.00	₹390.00	n/a	4
Feb ’25	₹443.30	₹510.00 +15.0%	13.2%	₹590.00	₹425.00	n/a	3
Jan ’25	₹426.85	₹490.00 +14.8%	9.5%	₹530.00	₹425.00	n/a	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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