Honeywell Automation India Ltd

Honeywell Automation India Ltd

₹ 37,832 2.17%
21 May 10:07 a.m.
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
668 786 794 1,018 850 932 1,104 1,071 951 960 1,024 1,091 1,114
581 664 666 887 711 812 966 910 781 806 895 949 955
Operating Profit 87 122 128 130 139 121 138 161 170 154 129 142 159
OPM % 13% 16% 16% 13% 16% 13% 13% 15% 18% 16% 13% 13% 14%
25 29 45 27 27 33 40 28 42 44 41 50 47
Interest 1 1 1 1 0 1 1 1 1 1 1 2 2
Depreciation 13 12 13 13 14 14 14 13 14 13 14 14 14
Profit before tax 99 137 159 144 152 139 164 174 197 184 155 176 190
Tax % 26% 26% 26% 26% 26% 26% 26% 27% 25% 26% 26% 25% 26%
73 102 118 106 112 103 122 128 148 136 115 132 140
EPS in Rs 82.19 115.33 133.35 120.00 126.68 116.95 137.87 144.66 167.62 154.39 130.18 149.41 158.23
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.87% 2.88% 3.01% 2.86% 2.94% 3.15% 2.91% 2.76% 2.72% 2.68% 2.50% 2.60%
12.47% 12.45% 12.48% 12.40% 12.44% 12.23% 11.91% 12.20% 12.40% 12.54% 12.51% 12.35%
9.66% 9.66% 9.49% 9.73% 9.62% 9.63% 10.16% 10.03% 9.87% 9.78% 9.98% 10.05%
No. of Shareholders 29,10727,55427,65934,14731,94330,94435,49633,18630,02031,09734,29334,809

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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