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 ₹ 34,312 Cr.
- Current Price ₹ 38,815
- High / Low ₹ 59,000 / 31,025
- Stock P/E 65.5
- Book Value ₹ 4,567
- Dividend Yield 0.27 %
- 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 8.50 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 Nifty 500 BSE MidCap Nifty MNC
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: | 6% |
3 Years: | 5% |
1 Year: | -31% |
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
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 27 Jun
- Shareholder Meeting / Postal Ballot-Outcome of AGM 27 Jun
-
Intimation Of The Presentation Made By The Managing Director At The 41St Annual General Meeting Of Honeywell Automation India Limited ('The Company') Held On Friday, June 27, 2025
27 Jun - Honeywell India AGM: FY25 modest revenue ₹41,896M, PAT ₹5,236M, final dividend ₹105/share, strategic priorities outlined.
-
Closure of Trading Window
26 Jun - Trading window closed from July 1, 2025 till 48 hours after Q1 FY25 results announcement.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Jun
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]