Honeywell Automation India Ltd

Honeywell Auto Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Honeywell Automation India Ltd

₹ 41,196 -1.92%
21 Nov - close price
honeywell.com/en-us/global/en-in/hail BSE: 517174 NSE: HONAUT
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]

Website BSE NSE
  • Market Cap ₹ 36,417 Cr.
  • Current Price ₹ 41,196
  • High / Low ₹ 59,994 / 34,978
  • Stock P/E 69.0
  • Book Value ₹ 4,263
  • Dividend Yield 0.24 %
  • ROCE 19.8 %
  • ROE 14.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Stock is trading at 9.66 times its book value
  • The company has delivered a poor sales growth of 5.03% 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

Part of BSE Capital Goods Nifty LargeMidcap 250 Nifty Midcap150 Quality 50 BSE Allcap BSE Industrials

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
737 860 668 786 794 1,018 850 932 1,104 1,071 951 960 1,024
630 738 581 664 666 887 711 812 966 910 781 806 895
Operating Profit 107 122 87 122 128 130 139 121 138 161 170 154 129
OPM % 15% 14% 13% 16% 16% 13% 16% 13% 13% 15% 18% 16% 13%
21 14 25 29 45 27 27 33 40 28 42 44 41
Interest 1 1 1 1 1 1 0 1 1 1 1 1 1
Depreciation 13 14 13 12 13 13 14 14 14 13 14 13 14
Profit before tax 114 122 99 137 159 144 152 139 164 174 197 184 155
Tax % 25% 26% 26% 26% 26% 26% 26% 26% 26% 27% 25% 26% 26%
85 90 73 102 118 106 112 103 122 128 148 136 115
EPS in Rs 96.36 101.49 82.19 115.33 133.35 120.00 126.68 116.95 137.87 144.66 167.62 154.39 130.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,661 1,707 2,404 2,188 2,410 2,690 3,175 3,290 3,043 2,948 3,448 4,058 4,006
1,538 1,589 2,192 1,967 2,121 2,319 2,668 2,649 2,451 2,512 2,926 3,463 3,392
Operating Profit 123 118 212 221 289 371 506 641 592 436 521 595 614
OPM % 7% 7% 9% 10% 12% 14% 16% 19% 19% 15% 15% 15% 15%
11 19 -18 24 37 29 71 97 84 82 128 143 155
Interest 0 0 0 3 3 4 6 10 9 9 6 9 5
Depreciation 14 14 17 15 16 15 16 41 49 52 52 54 53
Profit before tax 119 123 177 226 307 381 555 687 618 458 591 675 711
Tax % 29% 30% 36% 38% 45% 34% 35% 28% 26% 26% 26% 26%
85 86 114 141 169 250 359 491 460 339 438 501 528
EPS in Rs 96.33 97.45 129.16 159.69 191.65 282.45 405.86 555.88 520.32 383.57 495.39 567.10 596.85
Dividend Payout % 10% 10% 10% 6% 5% 11% 11% 13% 16% 23% 19% 18%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 10%
TTM: 3%
Compounded Profit Growth
10 Years: 19%
5 Years: 7%
3 Years: 3%
TTM: 19%
Stock Price CAGR
10 Years: 19%
5 Years: 8%
3 Years: 2%
1 Year: 12%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 14%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 696 772 873 1,013 1,171 1,410 1,739 2,169 2,570 2,828 3,180 3,597 3,761
0 0 0 0 0 0 0 81 74 56 36 60 80
497 550 601 740 771 1,013 1,143 1,198 1,282 1,118 1,226 1,229 1,214
Total Liabilities 1,202 1,331 1,483 1,762 1,951 2,432 2,891 3,457 3,935 4,011 4,450 4,895 5,064
72 65 85 84 79 84 85 196 217 181 151 170 183
CWIP 0 3 7 2 3 1 8 14 2 2 2 2 7
Investments 0 0 76 79 83 78 0 0 0 0 0 0 0
1,130 1,263 1,315 1,597 1,787 2,269 2,797 3,247 3,716 3,828 4,297 4,723 4,874
Total Assets 1,202 1,331 1,483 1,762 1,951 2,432 2,891 3,457 3,935 4,011 4,450 4,895 5,064

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-17 192 13 166 215 263 312 330 364 264 410 439
66 6 -140 46 -85 -172 -443 -212 -307 -106 -118 2,008
-11 -11 -11 -13 -11 -11 -34 -70 -89 -99 -102 -106
Net Cash Flow 38 186 -138 199 119 80 -165 48 -32 59 190 2,342

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83 76 52 84 76 80 72 82 111 84 99 83
Inventory Days 39 40 33 29 27 21 23 27 23 23 33 25
Days Payable 123 138 114 153 161 201 184 206 225 171 144 120
Cash Conversion Cycle -2 -22 -28 -40 -58 -100 -89 -96 -92 -64 -12 -12
Working Capital Days 73 39 39 47 34 21 21 32 56 60 54 46
ROCE % 18% 17% 26% 24% 28% 30% 35% 35% 26% 17% 20% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.56% 2.76% 2.87% 2.88% 3.01% 2.86% 2.94% 3.15% 2.91% 2.76% 2.72% 2.68%
12.38% 12.38% 12.47% 12.45% 12.48% 12.40% 12.44% 12.23% 11.91% 12.20% 12.40% 12.54%
10.05% 9.86% 9.66% 9.66% 9.49% 9.73% 9.62% 9.63% 10.16% 10.03% 9.87% 9.78%
No. of Shareholders 31,63730,55229,10727,55427,65934,14731,94330,94435,49633,18630,02031,097

* 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.

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Documents

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