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 ₹ 31,400 Cr.
- Current Price ₹ 35,520
- High / Low ₹ 41,600 / 26,220
- Stock P/E 58.8
- Book Value ₹ 5,047
- Dividend Yield 0.30 %
- ROCE 16.8 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 17.9%
- Company's working capital requirements have reduced from 36.9 days to 26.7 days
Cons
- Stock is trading at 7.04 times its book value
- The company has delivered a poor sales growth of 9.00% over past five years.
- Company has a low return on equity of 13.6% over last 3 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,404 | 2,188 | 2,410 | 2,690 | 3,175 | 3,290 | 3,043 | 2,948 | 3,448 | 4,058 | 4,190 | 4,682 | |
| 2,192 | 1,967 | 2,121 | 2,319 | 2,668 | 2,650 | 2,451 | 2,512 | 2,926 | 3,463 | 3,599 | 4,076 | |
| Operating Profit | 212 | 221 | 289 | 371 | 506 | 640 | 592 | 436 | 521 | 595 | 590 | 606 |
| OPM % | 9% | 10% | 12% | 14% | 16% | 19% | 19% | 15% | 15% | 15% | 14% | 13% |
| -18 | 24 | 37 | 29 | 71 | 97 | 84 | 82 | 128 | 143 | 182 | 167 | |
| Interest | 0 | 3 | 3 | 4 | 6 | 10 | 9 | 9 | 6 | 9 | 12 | 10 |
| Depreciation | 17 | 15 | 16 | 15 | 16 | 41 | 49 | 52 | 52 | 54 | 54 | 54 |
| Profit before tax | 177 | 226 | 307 | 381 | 555 | 687 | 618 | 458 | 591 | 675 | 706 | 709 |
| Tax % | 36% | 38% | 45% | 34% | 35% | 28% | 26% | 26% | 26% | 26% | 26% | 26% |
| 114 | 141 | 169 | 250 | 359 | 491 | 460 | 339 | 438 | 501 | 524 | 525 | |
| EPS in Rs | 129.16 | 159.69 | 191.65 | 282.45 | 405.86 | 555.88 | 520.32 | 383.57 | 495.39 | 567.10 | 592.21 | 593.79 |
| Dividend Payout % | 10% | 6% | 5% | 11% | 11% | 13% | 16% | 23% | 19% | 18% | 18% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 3% |
| 3 Years: | 7% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | -4% |
| 3 Years: | -4% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 873 | 1,013 | 1,171 | 1,410 | 1,739 | 2,169 | 2,570 | 2,828 | 3,180 | 3,597 | 4,029 | 4,454 |
| 0 | 0 | 0 | 0 | 0 | 81 | 74 | 56 | 36 | 60 | 101 | 110 | |
| 601 | 740 | 771 | 1,013 | 1,143 | 1,198 | 1,300 | 1,118 | 1,226 | 1,229 | 1,466 | 1,656 | |
| Total Liabilities | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,953 | 4,011 | 4,450 | 4,895 | 5,605 | 6,229 |
| 85 | 84 | 79 | 84 | 85 | 193 | 217 | 181 | 151 | 170 | 202 | 202 | |
| CWIP | 7 | 2 | 3 | 1 | 8 | 14 | 2 | 2 | 2 | 2 | 3 | 3 |
| Investments | 76 | 79 | 83 | 78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,315 | 1,597 | 1,787 | 2,269 | 2,797 | 3,250 | 3,734 | 3,828 | 4,297 | 4,723 | 5,400 | 6,024 | |
| Total Assets | 1,483 | 1,762 | 1,951 | 2,432 | 2,891 | 3,457 | 3,953 | 4,011 | 4,450 | 4,895 | 5,605 | 6,229 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 166 | 215 | 263 | 312 | 330 | 364 | 264 | 410 | 439 | 426 | 493 | |
| -140 | 46 | -85 | -172 | -443 | -212 | -307 | -106 | -118 | 2,008 | -8 | -2,964 | |
| -11 | -13 | -11 | -11 | -34 | -70 | -89 | -99 | -102 | -106 | -110 | -116 | |
| Net Cash Flow | -138 | 199 | 119 | 80 | -165 | 48 | -32 | 59 | 190 | 2,342 | 308 | -2,587 |
| Free Cash Flow | -24 | 156 | 203 | 244 | 289 | 271 | 317 | 253 | 388 | 407 | 399 | 460 |
| CFO/OP | 43% | 117% | 120% | 114% | 103% | 83% | 80% | 96% | 90% | 94% | 104% | 120% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 84 | 76 | 80 | 72 | 80 | 115 | 84 | 99 | 83 | 93 | 90 |
| Inventory Days | 33 | 29 | 27 | 21 | 23 | 27 | 23 | 23 | 33 | 25 | 34 | 27 |
| Days Payable | 114 | 153 | 161 | 201 | 184 | 188 | 261 | 169 | 144 | 120 | 123 | 130 |
| Cash Conversion Cycle | -28 | -40 | -58 | -100 | -89 | -81 | -124 | -62 | -12 | -12 | 5 | -12 |
| Working Capital Days | 39 | 47 | 34 | 21 | 21 | 30 | 52 | 58 | 52 | 45 | 39 | 27 |
| ROCE % | 26% | 24% | 28% | 30% | 35% | 35% | 26% | 17% | 20% | 20% | 18% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Revenue Mix % |
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| Health, Safety and Environment (HSE) Balance Score Card Score (out of 2.0) |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 21 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026; no non-compliances found.
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Fixation Of Book Closure Dates
20 May - 42nd AGM on July 29, 2026; record date July 17, book closure July 18-28 for final dividend.
- Fixation Of Record Date 20 May
-
The 42Nd Annual General Meeting Of The Company Will Be Held On Wednesday, July 29, 2026, At 4:00 P.M. (IST) Through Video Conferencing / Other Audio Visual Means.
20 May - 42nd AGM on July 29, 2026; record date July 17; book closure July 18-28 for final dividend.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2015
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
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]