Honeywell Automation India Ltd
HONAUT NSE
Honeywell Automation India Ltd
Capital GoodsNSE: HONAUT BSE: 517174 Industrial Products
Key Fundamentals
SmallcapIndustrial ProductsCapital GoodsMarket Cap
₹32,135 Cr
Volatility
Moderate
P/E Ratio
58.4
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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Honeywell Automation India Ltd insights
32 extracted metrics + investor summaries across FY05–FY26.
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 7.21 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 claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Honeywell Automation India Ltd trades at a market cap of ₹33,005 Cr with a PE of 60.3x and PB of 7.45x, reflecting premium valuations. The company is virtually debt-free with improving working capital efficiency (26.7 days from 36.9 days), but delivers modest sales growth of 9% over 5 years and a declining ROE of 13% in the last year versus a 10-year average of 16%.
Bull Case 8
- Company is almost debt-free, providing strong balance sheet flexibility and low financial risk
- Working capital requirements have improved significantly from 36.9 days to 26.7 days, indicating better operational efficiency
- 10-year compounded profit growth of 14% demonstrates long-term earnings compounding ability
- 10-year stock CAGR of 14% shows sustained long-term wealth creation track record
- TTM profit growth of 9% shows continued earnings momentum in the recent period
- Healthy dividend payout ratio of 17.9% provides consistent shareholder returns despite low yield
- 3-year compounded sales growth of 11% indicates improving revenue trajectory compared to the 5-year average of 9%
- Backed by Honeywell Inc parent with access to global technology, products, and R&D capabilities across automation and controls
Bear Case 8
- PE ratio of 60.3x is significantly elevated relative to broader capital goods sector averages, leaving limited margin of safety
- PB ratio of 7.45x indicates stock trades at a steep premium to book value
- 5-year compounded sales growth of only 9% is modest for a company commanding such premium multiples
- ROE has declined from a 10-year average of 16% to 13% in the last year, indicating deteriorating capital efficiency
- 5-year compounded profit growth of just 3% shows a significant earnings slowdown in the medium term
- 3-year stock CAGR of -3% indicates price has delivered negative returns over this period despite earnings growth
- Dividend yield of only 0.29% offers negligible income return to shareholders at current valuations
- 1-year stock CAGR of just 2% suggests market has been reluctant to re-rate the stock further
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago 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.
- FY26 revenue grows 12% Jul 29
Honeywell Automation India reported 12% revenue growth to ₹4,681.9 crore in FY26, with net profit flat at ₹525 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.
TL;DR: Honeywell Automation India is delivering strong topline momentum with 12% FY26 revenue growth and an accelerating Q1FY27 showing 21% profit growth. The ₹110 dividend signals confidence in cash generation. The flat FY26 net profit despite revenue growth hints at margin pressure during the year, but the Q1FY27 rebound suggests improving profitability. The trend is positive heading into FY27 with no visible headwinds in recent news flow.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| 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 |
| 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| 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 | 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% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company says SEBI large corporate initial disclosure not applicable for FY 2026-27. 30 Apr - Company says SEBI large corporate initial disclosure not applicable for FY 2026-27.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company says SEBI large corporate initial disclosure not applicable for FY 2026-27. 30 Apr - Company says SEBI large corporate initial disclosure not applicable for FY 2026-27.
3
Board Meeting Intimation for Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2026 And Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2026
20 Apr - Board meeting on May 20, 2026 to approve FY26 audited results and consider dividend. 20 Apr - Board meeting on May 20, 2026 to approve FY26 audited results and consider dividend.
4
Announcement under Regulation 30 (LODR)-Change in Management
20 Apr - Pulkit Goyal's CFO tenure extended to May 20, 2026; resignation effective May 21, 2026. 20 Apr - Pulkit Goyal's CFO tenure extended to May 20, 2026; resignation effective May 21, 2026.
5
Board Meeting Intimation for Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2026 And Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2026
9h - Board meeting on May 20, 2026 to approve FY26 audited results and consider dividend. 9h - Board meeting on May 20, 2026 to approve FY26 audited results and consider dividend.
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 ₹32134.52 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 58.40. 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 0.30%. 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]
CEO Mr. Atul Vinayak Pai
Employees 3,140
Listed 2003-07-18
Face Value ₹ 10
Issued Size 88,41,523