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 ₹ 30,476 Cr.
- Current Price ₹ 34,520
- High / Low ₹ 59,994 / 31,025
- Stock P/E 57.3
- Book Value ₹ 4,263
- Dividend Yield 0.29 %
- ROCE 19.8 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.0%
Cons
- Stock is trading at 8.10 times its book value
- The company has delivered a poor sales growth of 5.03% 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 Allcap BSE Capital Goods Nifty 500 BSE 500 BSE Dollex 200
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,661 | 1,707 | 2,404 | 2,188 | 2,410 | 2,690 | 3,175 | 3,290 | 3,043 | 2,948 | 3,448 | 4,058 | 4,026 | |
1,538 | 1,589 | 2,192 | 1,967 | 2,121 | 2,319 | 2,668 | 2,649 | 2,451 | 2,512 | 2,926 | 3,463 | 3,431 | |
Operating Profit | 123 | 118 | 212 | 221 | 289 | 371 | 506 | 641 | 592 | 436 | 521 | 595 | 595 |
OPM % | 7% | 7% | 9% | 10% | 12% | 14% | 16% | 19% | 19% | 15% | 15% | 15% | 15% |
11 | 19 | -18 | 24 | 37 | 29 | 71 | 97 | 84 | 82 | 128 | 143 | 177 | |
Interest | 0 | 0 | 0 | 3 | 3 | 4 | 6 | 10 | 9 | 9 | 6 | 9 | 6 |
Depreciation | 14 | 14 | 17 | 15 | 16 | 15 | 16 | 41 | 49 | 52 | 52 | 54 | 54 |
Profit before tax | 119 | 123 | 177 | 226 | 307 | 381 | 555 | 687 | 618 | 458 | 591 | 675 | 713 |
Tax % | 29% | 30% | 36% | 38% | 45% | 34% | 35% | 28% | 26% | 26% | 26% | 26% | |
85 | 86 | 114 | 141 | 169 | 250 | 359 | 491 | 460 | 339 | 438 | 501 | 532 | |
EPS in Rs | 96.33 | 97.45 | 129.16 | 159.69 | 191.65 | 282.45 | 405.86 | 555.88 | 520.32 | 383.57 | 495.39 | 567.10 | 601.60 |
Dividend Payout % | 10% | 10% | 10% | 6% | 5% | 11% | 11% | 13% | 16% | 23% | 19% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 10% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 7% |
3 Years: | 3% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 4% |
3 Years: | -5% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 696 | 772 | 873 | 1,013 | 1,171 | 1,410 | 1,739 | 2,169 | 2,570 | 2,828 | 3,180 | 3,597 | 3,761 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 81 | 74 | 56 | 36 | 60 | 80 | |
497 | 550 | 601 | 740 | 771 | 1,013 | 1,143 | 1,198 | 1,282 | 1,118 | 1,226 | 1,229 | 1,214 | |
Total Liabilities | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,895 | 5,064 |
72 | 65 | 85 | 84 | 79 | 84 | 85 | 196 | 217 | 181 | 151 | 170 | 183 | |
CWIP | 0 | 3 | 7 | 2 | 3 | 1 | 8 | 14 | 2 | 2 | 2 | 2 | 7 |
Investments | 0 | 0 | 76 | 79 | 83 | 78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1,130 | 1,263 | 1,315 | 1,597 | 1,787 | 2,269 | 2,797 | 3,247 | 3,716 | 3,828 | 4,297 | 4,723 | 4,874 | |
Total Assets | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,895 | 5,064 |
Cash Flows
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-17 | 192 | 13 | 166 | 215 | 263 | 312 | 330 | 364 | 264 | 410 | 439 | |
66 | 6 | -140 | 46 | -85 | -172 | -443 | -212 | -307 | -106 | -118 | 2,008 | |
-11 | -11 | -11 | -13 | -11 | -11 | -34 | -70 | -89 | -99 | -102 | -106 | |
Net Cash Flow | 38 | 186 | -138 | 199 | 119 | 80 | -165 | 48 | -32 | 59 | 190 | 2,342 |
Ratios
Figures in Rs. Crores
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 83 | 76 | 52 | 84 | 76 | 80 | 72 | 82 | 111 | 84 | 99 | 83 |
Inventory Days | 39 | 40 | 33 | 29 | 27 | 21 | 23 | 27 | 23 | 23 | 33 | 25 |
Days Payable | 123 | 138 | 114 | 153 | 161 | 201 | 184 | 206 | 225 | 171 | 144 | 120 |
Cash Conversion Cycle | -2 | -22 | -28 | -40 | -58 | -100 | -89 | -96 | -92 | -64 | -12 | -12 |
Working Capital Days | 73 | 39 | 39 | 47 | 34 | 21 | 21 | 32 | 56 | 60 | 54 | 46 |
ROCE % | 18% | 17% | 26% | 24% | 28% | 30% | 35% | 35% | 26% | 17% | 20% | 20% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
34m - Honeywell Automation not classified as Large Corporate; SEBI initial disclosure not applicable for FY 2025-26.
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Non Applicability Of SEBI Circular On Large Corporates - Initial Disclosure For FY 2025-26
55m - Honeywell Automation not classified as Large Corporate; SEBI initial disclosure not applicable for FY 2025-26.
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Intimation Of Change In Email And Website Address Of The Company''s RTA
19 Apr - Updated email and website addresses of RTA MUFG Intime India
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Board Meeting Intimation for Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2025 And Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2025
14 Apr - Board meeting scheduled to approve financial results and dividend.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Depositories and Participants) Regulations, 2018, please find enclosed certificate for the quarter ended March 31, 2025
Annual reports
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Financial Year 2024
from bse
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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
from nse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
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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]