Honeywell Automation India Ltd logo

Honeywell Automation India Ltd

HONAUT NSE

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods
Market Cap
₹33,713 Cr
Volatility
Moderate
P/E Ratio
60.8
EBITDA
₹785 Cr
Return on Equity
11.76%
Debt to Equity
0.02
Book Value
₹5,048.35
EPS
₹604.64
52W High
₹41,495
52W Low
₹26,220

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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32 extracted metrics + investor summaries across FY05–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • 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

Weaknesses

3
  • Stock is trading at 7.51 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.

Growth Rate

Revenue Growth
11.19% ↗
Net Income Growth
0.27% ↗
Cash Flow Change
15.55% ↗
ROE
-9.33% ↘
ROCE
-8.73% ↘
EBITDA Margin (Avg.)
-7.98% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Honeywell Automation India Ltd is a nearly debt-free capital goods company with a market cap of ~Rs 33,969 Cr, trading at a PE of 61.3x and PB of 7.56x. The company has delivered 10-year profit CAGR of 14% but recent growth has moderated with TTM sales growth at 7% and last-year ROE declining to 13%.

Bull Case 7
  • Company is almost debt free, providing financial flexibility and resilience during economic downturns
  • 10-year compounded profit growth of 14% demonstrates long-term earnings compounding ability
  • Working capital efficiency has improved significantly from 36.9 days to 26.7 days, freeing up cash flow
  • 10-year stock CAGR of 14% shows long-term wealth creation track record
  • Consistent dividend payout ratio of 17.9% indicates shareholder-friendly capital allocation
  • 10-year compounded sales growth of 8% provides a stable revenue base in the capital goods sector
  • TTM profit growth of 9% is outpacing TTM sales growth of 7%, suggesting improving operating leverage or margin expansion
Bear Case 8
  • PE ratio of 61.3x is significantly elevated relative to earnings growth, with 5-year profit CAGR at only 3%
  • Stock is trading at 7.56x book value, reflecting a steep premium that leaves little margin of safety
  • 5-year compounded sales growth of only 9% is modest for a company commanding such premium valuations
  • ROE has declined from a 10-year average of 16% to 13% in the last year, indicating deteriorating capital efficiency
  • 3-year stock CAGR of -3% shows the stock has delivered negative returns over a meaningful period
  • Dividend yield of just 0.29% offers negligible income return to shareholders at current prices
  • 5-year profit CAGR of only 3% suggests a prolonged period of earnings stagnation
  • 1-year stock CAGR of just 2% indicates the market has not rewarded the stock despite broader market rallies

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • FY26 net profit flat YoY Jul 29

    Despite 12% revenue growth to ₹4,681.9 crore in FY26, net profit remained flat at ₹525 crore, indicating margin pressure or rising costs.

Positives 3
  • Q1FY27 profit up 21% YoY Jul 30

    Honeywell Automation India reported Q1FY27 net profit of ₹1,507 crore, up 21% YoY, with revenue growing to ₹12,508 crore.

  • ₹110 dividend declared at AGM Jul 29

    Shareholders approved a final dividend of ₹110 per share at the 42nd AGM on July 29, 2026, along with ratification of related-party transactions.

  • FY26 revenue grows 12% Jul 29

    Full-year FY26 revenue rose 12% to ₹4,681.9 crore, showing sustained top-line momentum in the industrials segment.

TL;DR: Honeywell Automation India is delivering strong top-line growth with Q1FY27 showing a robust 21% profit jump and FY26 revenue up 12%. The key concern is FY26 full-year profit remaining flat despite revenue expansion, suggesting margin headwinds that need monitoring. The ₹110 dividend signals management confidence. If Q1FY27 margin recovery sustains through the year, the earnings trajectory looks positive.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
932
1,104
1,071
951
960
1,024
1,091
1,114
1,183
1,149
1,169
1,181
1,204
Expenses
812
966
910
781
806
895
949
955
1,042
1,018
1,021
996
1,032
Operating Profit
121
138
161
170
154
129
142
159
142
132
148
185
172
OPM %
13%
13%
15%
18%
16%
13%
13%
14%
12%
11%
13%
16%
14%
Other Income
33
40
28
42
44
41
50
47
42
44
34
47
46
Interest
1
1
1
1
1
1
2
2
2
2
4
1
2
Depreciation
14
14
13
14
13
14
14
14
13
13
13
15
14
PBT
139
164
174
197
184
155
176
190
168
161
165
215
203
Tax %
26%
26%
27%
25%
26%
26%
25%
26%
26%
26%
26%
26%
26%
Net Profit
103
122
128
148
136
115
132
140
125
120
121
160
151
EPS in Rs
117
138
145
168
154
130
149
158
141
135
137
181
170
Figures in ₹ Crores

Profit & Loss

  Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,404
2,188
2,410
2,690
3,175
3,290
3,043
2,948
3,448
4,058
4,190
4,682
4,703
Expenses
2,192
1,967
2,121
2,319
2,668
2,650
2,451
2,512
2,926
3,463
3,599
4,069
4,067
Operating Profit
212
221
289
371
506
640
592
436
521
595
590
613
636
OPM %
9%
10%
12%
14%
16%
19%
19%
15%
15%
15%
14%
13%
14%
Other Income
-18
24
37
29
71
97
84
82
128
143
182
165
171
Interest
0
3
3
4
6
10
9
9
6
9
12
16
10
Depreciation
17
15
16
15
16
41
49
52
52
54
54
54
54
PBT
177
226
307
381
555
687
618
458
591
675
706
709
744
Tax %
36%
38%
45%
34%
35%
28%
26%
26%
26%
26%
26%
26%
—
Net Profit
114
141
169
250
359
491
460
339
438
501
524
525
551
EPS in Rs
129
160
192
282
406
556
520
384
495
567
592
594
623
Div. Payout %
10%
6%
5%
11%
11%
13%
16%
23%
19%
18%
18%
18%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
0
0
0
0
0
81
74
56
36
60
101
110
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
13
166
215
263
312
330
364
264
410
439
426
493
Investing
-140
46
-85
-172
-443
-212
-307
-106
-118
2,008
-8
-2,942
Financing
-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
-2,566
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
118
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
84
76
80
72
80
115
84
99
83
98
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
137
130
Cash Conversion Cycle
-28
-40
-58
-100
-89
-81
-124
-62
-12
-12
-4
-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%

Shareholding Pattern

As of Jun 2026
Promoters 75.00%
DIIs 11.31%
Public 8.05%
FIIs 3.95%
Others 1.68%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.77%
2.72%
2.68%
2.51%
2.59%
2.77%
3.01%
3.46%
3.74%
3.95%
DIIs
12.71%
12.57%
12.41%
12.39%
12.38%
12.45%
12.45%
12.49%
12.51%
12.59%
12.09%
11.77%
12.38%
12.59%
12.72%
12.51%
12.36%
12.16%
11.99%
11.54%
11.29%
11.31%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.70%
8.84%
8.76%
8.67%
8.46%
8.32%
8.23%
8.16%
8.20%
8.05%
8.08%
8.54%
8.42%
8.16%
8.12%
8.41%
8.46%
8.49%
8.45%
8.33%
8.26%
8.05%
Others
3.58%
3.58%
3.83%
3.94%
4.15%
4.22%
4.31%
4.35%
4.29%
4.36%
4.82%
4.69%
1.43%
1.53%
1.48%
1.56%
1.58%
1.58%
1.56%
1.67%
1.71%
1.68%
No. of Shareholders
27,128
31,588
30,447
31,637
30,552
29,107
27,554
27,659
34,147
31,943
30,944
35,496
33,186
30,020
31,097
34,293
34,809
35,226
34,840
34,763
34,974
33,525

Documents

Frequently Asked Questions about Honeywell Automation India Ltd

What does Honeywell Automation India Ltd do?
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....
Where is Honeywell Automation India Ltd (HONAUT) listed?
Honeywell Automation India Ltd is listed on the Indian stock exchanges. It is listed on NSE: HONAUT and BSE: 517174. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Honeywell Automation India Ltd belong to?
Honeywell Automation India Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Honeywell Automation India Ltd?
Honeywell Automation India Ltd has a market capitalisation of approximately ₹33712.73 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Honeywell Automation India Ltd?
The Price-to-Earnings (PE) ratio of Honeywell Automation India Ltd is 60.80. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Honeywell Automation India Ltd?
Over the past 52 weeks, Honeywell Automation India Ltd has traded between a low of ₹26,220 and a high of ₹41,495. This range helps investors understand the stock's price volatility and recent trading levels.
Does Honeywell Automation India Ltd pay dividends?
Yes, Honeywell Automation India Ltd has a dividend yield of 0.29%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Honeywell Automation India Ltd?
Honeywell Automation India Ltd has a Return on Equity (ROE) of 11.76%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Honeywell Automation India Ltd on Tapetide?
On Tapetide, you can view Honeywell Automation India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website honeywell.com/en-us/global/en-in/hail
CEO Mr. Atul Vinayak Pai
Employees 3,140
Listed 2003-07-18
Face Value ₹ 10
Issued Size 88,41,523

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