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 ₹ 39,797 Cr.
- Current Price ₹ 45,019
- High / Low ₹ 45,500 / 34,619
- Stock P/E 85.6
- Book Value ₹ 3,772
- Dividend Yield 0.21 %
- ROCE 19.5 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.7%
Cons
- Stock is trading at 11.9 times its book value
- The company has delivered a poor sales growth of 5.09% 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,613 | 1,661 | 1,707 | 2,404 | 2,188 | 2,410 | 2,690 | 3,175 | 3,290 | 3,043 | 2,948 | 3,448 | 3,957 | |
1,468 | 1,538 | 1,589 | 2,192 | 1,967 | 2,121 | 2,319 | 2,668 | 2,649 | 2,451 | 2,512 | 2,926 | 3,399 | |
Operating Profit | 145 | 123 | 118 | 212 | 221 | 289 | 371 | 506 | 641 | 592 | 436 | 521 | 558 |
OPM % | 9% | 7% | 7% | 9% | 10% | 12% | 14% | 16% | 19% | 19% | 15% | 15% | 14% |
16 | 11 | 19 | -18 | 24 | 37 | 29 | 71 | 97 | 84 | 82 | 128 | 128 | |
Interest | 1 | 0 | 0 | 0 | 3 | 3 | 4 | 6 | 10 | 9 | 9 | 6 | 3 |
Depreciation | 15 | 14 | 14 | 17 | 15 | 16 | 15 | 16 | 41 | 49 | 52 | 52 | 54 |
Profit before tax | 146 | 119 | 123 | 177 | 226 | 307 | 381 | 555 | 687 | 618 | 458 | 591 | 629 |
Tax % | 26% | 29% | 30% | 36% | 38% | 45% | 34% | 35% | 28% | 26% | 26% | 26% | |
107 | 85 | 86 | 114 | 141 | 169 | 250 | 359 | 491 | 460 | 339 | 438 | 465 | |
EPS in Rs | 121.18 | 96.33 | 97.45 | 129.16 | 159.69 | 191.65 | 282.45 | 405.86 | 555.88 | 520.32 | 383.57 | 495.40 | 526.19 |
Dividend Payout % | 8% | 10% | 10% | 10% | 6% | 5% | 11% | 11% | 13% | 16% | 23% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 12% |
3 Years: | -4% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 13% |
3 Years: | 1% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 621 | 696 | 772 | 873 | 1,013 | 1,171 | 1,410 | 1,739 | 2,169 | 2,570 | 2,828 | 3,180 | 3,326 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81 | 74 | 56 | 36 | 26 | |
496 | 497 | 550 | 601 | 740 | 771 | 1,013 | 1,143 | 1,198 | 1,282 | 1,118 | 1,226 | 1,306 | |
Total Liabilities | 1,126 | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,667 |
74 | 72 | 65 | 85 | 84 | 79 | 84 | 85 | 196 | 217 | 181 | 151 | 137 | |
CWIP | 3 | 0 | 3 | 7 | 2 | 3 | 1 | 8 | 14 | 2 | 2 | 2 | 4 |
Investments | 0 | 0 | 0 | 76 | 79 | 83 | 78 | 0 | 0 | 0 | 0 | 0 | 0 |
1,049 | 1,130 | 1,263 | 1,315 | 1,597 | 1,787 | 2,269 | 2,797 | 3,247 | 3,716 | 3,828 | 4,297 | 4,526 | |
Total Assets | 1,126 | 1,202 | 1,331 | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,935 | 4,011 | 4,450 | 4,667 |
Cash Flows
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-18 | -17 | 192 | 13 | 166 | 215 | 263 | 312 | 330 | 364 | 264 | 410 | |
24 | 66 | 6 | -140 | 46 | -85 | -172 | -443 | -212 | -307 | -106 | -118 | |
-11 | -11 | -11 | -11 | -13 | -11 | -11 | -34 | -70 | -89 | -99 | -102 | |
Net Cash Flow | -6 | 38 | 186 | -138 | 199 | 119 | 80 | -165 | 48 | -32 | 59 | 190 |
Ratios
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79 | 83 | 76 | 52 | 84 | 76 | 80 | 72 | 82 | 111 | 84 | 99 |
Inventory Days | 120 | 39 | 40 | 33 | 29 | 27 | 21 | 23 | 27 | 23 | 23 | 33 |
Days Payable | 132 | 123 | 138 | 114 | 153 | 161 | 201 | 184 | 206 | 225 | 171 | 144 |
Cash Conversion Cycle | 67 | -2 | -22 | -28 | -40 | -58 | -100 | -89 | -96 | -92 | -64 | -12 |
Working Capital Days | 52 | 73 | 39 | 39 | 47 | 34 | 21 | 21 | 32 | 56 | 60 | 54 |
ROCE % | 25% | 18% | 17% | 26% | 24% | 28% | 30% | 35% | 35% | 26% | 17% | 20% |
Documents
Announcements
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Intimation Pursuant To Regulation 30 Of The SEBI Listing Regulations
20 Apr - Read with Para A of Schedule III of the SEBI Listing Regulations
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Compliance Under Regulation 40(10) Of The SEBI Listing Regulations
16 Apr - Listing Regulations, please find enclosed Certificate dated April 16, 2024 issued by Mr. P.N. Parikh of M/s Parikh & Associates, Practicing Company Secretaries under Regulation …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
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Intimation Under Regulation 30 Of The SEBI Listing Regulations
10 Apr - Read with Clause 20 Para A, Part, A of Schedule III of the SEBI Listing Regulations regarding Order received from the Department of Commercial Taxes, …
-
Intimation Under Regulation 30 Of The SEBI Listing Regulations
8 Apr - Read with Clause 20 of Para A, Part A of Schedule III of the SEBI Listing Regulations regarding GST Order received from the Department of …
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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Concalls
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Aug 2023TranscriptNotesPPT
Leader in Integrated automation solutions
Honeywell Automation India Limited (HAIL) is a leader in providing integrated automation and software solutions besides process solutions and building solutions. A Fortune 500 company, it has a wide product portfolio in environmental and combustion controls, sensing controls, etc. It also provides engineering services in the field of automation and control to global clients. [1]