Honeywell Automation India Ltd

Honeywell Automation India Ltd

₹ 38,354 1.03%
04 Mar 4:01 p.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
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]

  • Market Cap 33,870 Cr.
  • Current Price 38,354
  • High / Low 44,150 / 34,343
  • Stock P/E 72.8
  • Book Value 3,772
  • Dividend Yield 0.25 %
  • 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 10.2 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.

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
874 673 683 737 860 668 786 794 1,018 850 932 1,104 1,071
687 544 567 630 738 581 664 666 887 711 812 966 910
Operating Profit 188 129 117 107 122 87 122 128 130 139 121 138 161
OPM % 21% 19% 17% 15% 14% 13% 16% 16% 13% 16% 13% 13% 15%
28 24 22 21 14 25 29 45 27 27 33 40 28
Interest 1 2 2 1 1 1 1 1 1 0 1 1 1
Depreciation 13 13 13 13 14 13 12 13 13 14 14 14 13
Profit before tax 202 138 124 114 122 99 137 159 144 152 139 164 174
Tax % 26% 25% 26% 25% 26% 26% 26% 26% 26% 26% 26% 26% 27%
150 104 92 85 90 73 102 118 106 112 103 122 128
EPS in Rs 169.53 117.65 103.52 96.36 101.49 82.19 115.33 133.35 120.00 126.71 116.95 137.87 144.66
Raw PDF

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: 12%
3 Years: -6%
1 Year: 9%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.12% 2.08% 2.49% 2.56% 2.76% 2.87% 2.88% 3.01% 2.86% 2.94% 3.15% 2.91%
12.74% 12.58% 12.42% 12.38% 12.38% 12.47% 12.45% 12.48% 12.40% 12.44% 12.23% 11.91%
10.14% 10.34% 10.08% 10.05% 9.86% 9.66% 9.66% 9.49% 9.73% 9.62% 9.63% 10.16%
No. of Shareholders 27,12831,58830,44731,63730,55229,10727,55427,65934,14731,94330,94435,496

* 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