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 ₹ 33,443 Cr.
- Current Price ₹ 37,832
- High / Low ₹ 59,994 / 31,025
- Stock P/E 63.9
- Book Value ₹ 4,567
- Dividend Yield 0.28 %
- ROCE 18.2 %
- 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 8.10 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
Sector: Electronics Industry: Electronics - Components
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 | 3,605 | |
Operating Profit | 118 | 212 | 221 | 289 | 371 | 506 | 641 | 592 | 436 | 521 | 595 | 585 |
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 | 7 |
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: | 17% |
5 Years: | 7% |
3 Years: | 6% |
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 | -14 | |
-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 | 302 |
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)-Change in Management
14 May - Resignation of Deepak Goyal, Director IT and SMP, effective May 14, 2025 due to organizational changes.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Copies of Newspaper publication on the Audited Financial Results for the Financial Year ended March 31, 2025
-
Announcement under Regulation 30 (LODR)-Change in Management
13 May - Appointed new Secretarial Auditor for 5 years; one SMP appointed, two SMPs resigned effective May 13, 2025.
-
The 41St Annual General Meeting Of The Company Will Be Held On Friday, June 27, 2025, At 4:00 P.M. (IST) Through Video Conferencing / Other Audio Visual Means.
13 May - AGM on June 27, 2025; book closure June 17-27; record date June 16; dividend payment from July 8.
- Fixation Of Book Closure Dates 13 May
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
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]