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 ₹ 34,425 Cr.
- Current Price ₹ 38,942
- High / Low ₹ 59,994 / 31,025
- Stock P/E 65.7
- Book Value ₹ 4,567
- Dividend Yield 0.26 %
- ROCE 18.4 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 18.1%
Cons
- Stock is trading at 8.59 times its book value
- The company has delivered a poor sales growth of 4.95% 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE 500 BSE Capital Goods BSE 200 Nifty 500 BSE MidCap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,707 | 2,404 | 2,188 | 2,410 | 2,690 | 3,175 | 3,290 | 3,043 | 2,948 | 3,448 | 4,058 | 4,190 | |
1,589 | 2,192 | 1,967 | 2,121 | 2,319 | 2,668 | 2,649 | 2,451 | 2,512 | 2,926 | 3,463 | 3,599 | |
Operating Profit | 118 | 212 | 221 | 289 | 371 | 506 | 641 | 592 | 436 | 521 | 595 | 590 |
OPM % | 7% | 9% | 10% | 12% | 14% | 16% | 19% | 19% | 15% | 15% | 15% | 14% |
19 | -18 | 24 | 37 | 29 | 71 | 97 | 84 | 82 | 128 | 143 | 182 | |
Interest | 0 | 0 | 3 | 3 | 4 | 6 | 10 | 9 | 9 | 6 | 9 | 12 |
Depreciation | 14 | 17 | 15 | 16 | 15 | 16 | 41 | 49 | 52 | 52 | 54 | 54 |
Profit before tax | 123 | 177 | 226 | 307 | 381 | 555 | 687 | 618 | 458 | 591 | 675 | 706 |
Tax % | 30% | 36% | 38% | 45% | 34% | 35% | 28% | 26% | 26% | 26% | 26% | 26% |
86 | 114 | 141 | 169 | 250 | 359 | 491 | 460 | 339 | 438 | 501 | 524 | |
EPS in Rs | 97.45 | 129.16 | 159.69 | 191.65 | 282.45 | 405.86 | 555.88 | 520.32 | 383.57 | 495.39 | 567.10 | 592.21 |
Dividend Payout % | 10% | 10% | 6% | 5% | 11% | 11% | 13% | 16% | 23% | 19% | 18% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 12% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 1% |
3 Years: | 16% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 7% |
3 Years: | 6% |
1 Year: | -27% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 14% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 772 | 873 | 1,013 | 1,171 | 1,410 | 1,739 | 2,169 | 2,570 | 2,828 | 3,180 | 3,597 | 4,029 |
0 | 0 | 0 | 0 | 0 | 0 | 81 | 74 | 56 | 36 | 60 | 101 | |
550 | 601 | 740 | 771 | 1,013 | 1,143 | 1,198 | 1,282 | 1,118 | 1,226 | 1,229 | 1,466 | |
Total Liabilities | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,895 | 5,605 |
65 | 85 | 84 | 79 | 84 | 85 | 196 | 217 | 181 | 151 | 170 | 202 | |
CWIP | 3 | 7 | 2 | 3 | 1 | 8 | 14 | 2 | 2 | 2 | 2 | 3 |
Investments | 0 | 76 | 79 | 83 | 78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1,263 | 1,315 | 1,597 | 1,787 | 2,269 | 2,797 | 3,247 | 3,716 | 3,828 | 4,297 | 4,723 | 5,400 | |
Total Assets | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,895 | 5,605 |
Cash Flows
Figures in Rs. Crores
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
192 | 13 | 166 | 215 | 263 | 312 | 330 | 364 | 264 | 410 | 439 | 426 | |
6 | -140 | 46 | -85 | -172 | -443 | -212 | -307 | -106 | -118 | 2,008 | -8 | |
-11 | -11 | -13 | -11 | -11 | -34 | -70 | -89 | -99 | -102 | -106 | -110 | |
Net Cash Flow | 186 | -138 | 199 | 119 | 80 | -165 | 48 | -32 | 59 | 190 | 2,342 | 308 |
Ratios
Figures in Rs. Crores
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 52 | 84 | 76 | 80 | 72 | 82 | 111 | 84 | 99 | 83 | 93 |
Inventory Days | 40 | 33 | 29 | 27 | 21 | 23 | 27 | 23 | 23 | 33 | 25 | 34 |
Days Payable | 138 | 114 | 153 | 161 | 201 | 184 | 206 | 225 | 171 | 144 | 120 | 123 |
Cash Conversion Cycle | -22 | -28 | -40 | -58 | -100 | -89 | -96 | -92 | -64 | -12 | -12 | 5 |
Working Capital Days | 39 | 39 | 47 | 34 | 21 | 21 | 32 | 56 | 60 | 54 | 46 | 41 |
ROCE % | 17% | 26% | 24% | 28% | 30% | 35% | 35% | 26% | 17% | 20% | 20% | 18% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Jun
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Reg. 34 (1) Annual Report.
5 Jun - Honeywell Automation India FY25 Annual Report with 3.2% sales growth, 12.5% profit margin, ESG initiatives, key contracts, and AGM notice.
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Business Responsibility and Sustainability Reporting (BRSR)
5 Jun - Honeywell Automation India files FY 2024-25 Business Responsibility and Sustainability Report as part of annual report.
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Dispatch Of Letter To Shareholders
5 Jun - Notice to shareholders on accessing FY 2024-25 Annual Report and AGM, dividend, and KYC update details.
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Notice Of 41St Annual General Meeting On Friday June 27, 2025
5 Jun - Notice of 41st AGM on June 27, 2025; final dividend ₹105/share; appointment of auditors; approval of related party transactions.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Leader in Integrated Automation Solutions
The company is a leader in providing integrated automation and software solutions, including process and building solutions. It is a Fortune India 500 company offering Automation and Control Systems across various business operations. [1]