Honeywell Automation India Ltd
Honeywell Automation India Limited (HAIL)was started in the year 1987 as a JV between Tata and Honeywell. It was known as Tata Honeywell Limited each holding 39.54% stake. Later in 2004 Honeywell Asia Pacific Inc. bought Tata's stake and the name was changed to Honeywell Automation India Limited. [1]
HAIL is engaged primarily in the business of Automation & Control systems on turnkey basis and others. [2]
- Market Cap ₹ 39,161 Cr.
- Current Price ₹ 44,299
- High / Low ₹ 45,792 / 34,978
- Stock P/E 84.2
- Book Value ₹ 3,772
- Dividend Yield 0.21 %
- ROCE 19.5 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.7%
Cons
- Stock is trading at 11.7 times its book value
- The company has delivered a poor sales growth of 5.09% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,613 | 1,661 | 1,707 | 2,404 | 2,188 | 2,410 | 2,690 | 3,175 | 3,290 | 3,043 | 2,948 | 3,448 | 3,957 | |
1,468 | 1,538 | 1,589 | 2,192 | 1,967 | 2,121 | 2,319 | 2,668 | 2,649 | 2,451 | 2,512 | 2,926 | 3,399 | |
Operating Profit | 145 | 123 | 118 | 212 | 221 | 289 | 371 | 506 | 641 | 592 | 436 | 521 | 558 |
OPM % | 9% | 7% | 7% | 9% | 10% | 12% | 14% | 16% | 19% | 19% | 15% | 15% | 14% |
16 | 11 | 19 | -18 | 24 | 37 | 29 | 71 | 97 | 84 | 82 | 128 | 128 | |
Interest | 1 | 0 | 0 | 0 | 3 | 3 | 4 | 6 | 10 | 9 | 9 | 6 | 3 |
Depreciation | 15 | 14 | 14 | 17 | 15 | 16 | 15 | 16 | 41 | 49 | 52 | 52 | 54 |
Profit before tax | 146 | 119 | 123 | 177 | 226 | 307 | 381 | 555 | 687 | 618 | 458 | 591 | 629 |
Tax % | 26% | 29% | 30% | 36% | 38% | 45% | 34% | 35% | 28% | 26% | 26% | 26% | |
107 | 85 | 86 | 114 | 141 | 169 | 250 | 359 | 491 | 460 | 339 | 438 | 465 | |
EPS in Rs | 121.18 | 96.33 | 97.45 | 129.16 | 159.69 | 191.65 | 282.45 | 405.86 | 555.88 | 520.32 | 383.57 | 495.40 | 526.19 |
Dividend Payout % | 8% | 10% | 10% | 10% | 6% | 5% | 11% | 11% | 13% | 16% | 23% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 12% |
3 Years: | -4% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 13% |
3 Years: | 2% |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 621 | 696 | 772 | 873 | 1,013 | 1,171 | 1,410 | 1,739 | 2,169 | 2,570 | 2,828 | 3,180 | 3,326 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81 | 74 | 56 | 36 | 26 | |
496 | 497 | 550 | 601 | 740 | 771 | 1,013 | 1,143 | 1,198 | 1,282 | 1,118 | 1,226 | 1,306 | |
Total Liabilities | 1,126 | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,667 |
74 | 72 | 65 | 85 | 84 | 79 | 84 | 85 | 196 | 217 | 181 | 151 | 137 | |
CWIP | 3 | 0 | 3 | 7 | 2 | 3 | 1 | 8 | 14 | 2 | 2 | 2 | 4 |
Investments | 0 | 0 | 0 | 76 | 79 | 83 | 78 | 0 | 0 | 0 | 0 | 0 | 0 |
1,049 | 1,130 | 1,263 | 1,315 | 1,597 | 1,787 | 2,269 | 2,797 | 3,247 | 3,716 | 3,828 | 4,297 | 4,526 | |
Total Assets | 1,126 | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,667 |
Cash Flows
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-18 | -17 | 192 | 13 | 166 | 215 | 263 | 312 | 330 | 364 | 264 | 410 | |
24 | 66 | 6 | -140 | 46 | -85 | -172 | -443 | -212 | -307 | -106 | -118 | |
-11 | -11 | -11 | -11 | -13 | -11 | -11 | -34 | -70 | -89 | -99 | -102 | |
Net Cash Flow | -6 | 38 | 186 | -138 | 199 | 119 | 80 | -165 | 48 | -32 | 59 | 190 |
Ratios
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79 | 83 | 76 | 52 | 84 | 76 | 80 | 72 | 82 | 111 | 84 | 99 |
Inventory Days | 120 | 39 | 40 | 33 | 29 | 27 | 21 | 23 | 27 | 23 | 23 | 33 |
Days Payable | 132 | 123 | 138 | 114 | 153 | 161 | 201 | 184 | 206 | 225 | 171 | 144 |
Cash Conversion Cycle | 67 | -2 | -22 | -28 | -40 | -58 | -100 | -89 | -96 | -92 | -64 | -12 |
Working Capital Days | 52 | 73 | 39 | 39 | 47 | 34 | 21 | 21 | 32 | 56 | 60 | 54 |
ROCE % | 25% | 18% | 17% | 26% | 24% | 28% | 30% | 35% | 35% | 26% | 17% | 20% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI Listing Regulations
30 Apr - On receipt of GST Order pursuant to Regulation 30 read with Para A of Schedule III to the SEBI Listing Regulations
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Intimation Under Regulation 30 Of The SEBI Listing Regulations
30 Apr - Of receipt of GST Order under Regulation 30 read with Para A of Schedule III to the SEBI Listing Regulations
- Intimation Under Regulation 30 Of The SEBI Listing Regulations 30 Apr
- Board Meeting Intimation for Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2024 And Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2024 27 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI Listing Regulations For The Financial Year Ended March 31, 2024 26 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Concalls
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Aug 2023TranscriptNotesPPT
Leader in Integrated automation solutions
Honeywell Automation India Limited (HAIL) is a leader in providing integrated automation and software solutions besides process solutions and building solutions. A Fortune 500 company, it has a wide product portfolio in environmental and combustion controls, sensing controls, etc. It also provides engineering services in the field of automation and control to global clients. [1]