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Last Updated: April 2, 2026, 3:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517174 | NSE: HONAUT

Honeywell Automation India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹24,499.13Overvalued by 10.23%vs CMP ₹27,290.00

P/E (47.0) × ROE (13.7%) × BV (₹4,738.00) × DY (0.38%)

₹10,680.91Overvalued by 60.86%vs CMP ₹27,290.00
MoS: -155.5% (Negative)Confidence: 66/100 (Moderate)Models: 1 Fair, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹26,531.9920%Fair (-2.8%)
Graham NumberEarnings₹7,804.7514%Over (-71.4%)
Earnings PowerEarnings₹4,554.8712%Over (-83.3%)
DCFCash Flow₹8,757.7012%Over (-67.9%)
Net Asset ValueAssets₹4,739.896%Over (-82.6%)
EV/EBITDAEnterprise₹8,637.018%Over (-68.4%)
Dividend DiscountDividends₹2,486.368%Over (-90.9%)
Earnings YieldEarnings₹5,714.006%Over (-79.1%)
ROCE CapitalReturns₹9,411.608%Over (-65.5%)
Revenue MultipleRevenue₹7,109.835%Over (-73.9%)
Consensus (10 models)₹10,680.91100%Overvalued
Key Drivers: Wide model spread (₹2,486–₹26,532) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.3%

*Investments are subject to market risks

Investment Snapshot

62
Honeywell Automation India Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 18.4% GoodROE 13.7% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.86% (6mo) Slight increaseDII holding down 0.82% MF sellingPromoter holding at 75.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 15% SteadyWorking capital: 39 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +15% YoY GrowingProfit (4Q): -5% YoY Declining
Industry Rank50/100 · Moderate
P/E 47.0 vs industry 58.6 In-lineROCE 18.4% vs industry 16.7% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:03 am

Market Cap 24,124 Cr.
Current Price 27,290
Intrinsic Value₹10,680.91
High / Low 41,600/26,220
Stock P/E47.0
Book Value 4,738
Dividend Yield0.38 %
ROCE18.4 %
ROE13.7 %
Face Value 10.0
PEG Ratio5.66

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Honeywell Automation India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Honeywell Automation India Ltd 24,124 Cr. 27,290 41,600/26,22047.0 4,7380.38 %18.4 %13.7 % 10.0
Siemens Ltd 1,07,442 Cr. 3,017 3,441/2,45070.2 3660.40 %14.9 %11.4 % 2.00
Industry Average65,783.00 Cr15,153.5058.602,552.000.39%16.65%12.55%6.00

All Competitor Stocks of Honeywell Automation India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,0188509321,1041,0719519601,0241,0911,1141,1831,1491,169
Expenses 8877118129669107818068959499551,0421,0181,021
Operating Profit 130139121138161170154129142159142132148
OPM % 13%16%13%13%15%18%16%13%13%14%12%11%13%
Other Income 27273340284244415047424434
Interest 1011111122224
Depreciation 13141414131413141414131313
Profit before tax 144152139164174197184155176190168161165
Tax % 26%26%26%26%27%25%26%26%25%26%26%26%26%
Net Profit 106112103122128148136115132140125120121
EPS in Rs 120.00126.68116.95137.87144.66167.62154.39130.18149.41158.23140.93135.16137.08

Last Updated: February 5, 2026, 4:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:46 am

MetricDec 2013Mar 2015n n 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7072,4042,1882,4102,6903,1753,2903,0432,9483,4484,0584,1904,616
Expenses 1,5892,1921,9672,1212,3192,6682,6502,4512,5122,9263,4633,5994,036
Operating Profit 118212221289371506640592436521595590580
OPM % 7%9%10%12%14%16%19%19%15%15%15%14%13%
Other Income 19-1824372971978482128143182167
Interest 0033461099691210
Depreciation 14171516151641495252545453
Profit before tax 123177226307381555687618458591675706684
Tax % 30%36%38%45%34%35%28%26%26%26%26%26%
Net Profit 86114141169250359491460339438501524505
EPS in Rs 97.45129.16159.69191.65282.45405.86555.88520.32383.57495.39567.10592.21571.40
Dividend Payout % 10%10%6%5%11%11%13%16%23%19%18%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)19.86%47.93%43.60%36.77%-6.31%-26.30%29.20%14.38%4.59%
Change in YoY Net Profit Growth (%)0.00%28.07%-4.33%-6.83%-43.08%-19.99%55.51%-14.82%-9.79%

Honeywell Automation India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:12%
TTM:8%
Compounded Profit Growth
10 Years:14%
5 Years:1%
3 Years:16%
TTM:-4%
Stock Price CAGR
10 Years:15%
5 Years:2%
3 Years:-5%
1 Year:-27%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:14%

Last Updated: September 5, 2025, 6:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:23 am

MonthDec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9999999999999
Reserves 7728731,0131,1711,4101,7392,1692,5702,8283,1803,5974,0294,181
Borrowings 000000817456366010193
Other Liabilities 5506017407711,0131,1431,1981,3001,1181,2261,2291,4661,459
Total Liabilities 1,3311,4831,7621,9512,4322,8913,4573,9534,0114,4504,8955,6055,742
Fixed Assets 658584798485193217181151170202179
CWIP 37231814222236
Investments 07679837800000000
Other Assets 1,2631,3151,5971,7872,2692,7973,2503,7343,8284,2974,7235,4005,557
Total Assets 1,3311,4831,7621,9512,4322,8913,4573,9534,0114,4504,8955,6055,742

Reserves and Borrowings Chart

Cash Flow

MonthDec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 19213166215263312330364264410439426
Cash from Investing Activity + 6-14046-85-172-443-212-307-106-1182,008-8
Cash from Financing Activity + -11-11-13-11-11-34-70-89-99-102-106-110
Net Cash Flow 186-13819911980-16548-32591902,342308
Free Cash Flow 181-24156203244289271317253388407399
CFO/OP 208%43%117%120%114%103%83%80%96%90%94%104%

Free Cash Flow

MonthDec 2013Mar 2015n n 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow118.00212.00221.00289.00371.00506.00559.00518.00380.00485.00535.00489.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 7652847680728211184998393
Inventory Days 403329272123272323332534
Days Payable 138114153161201184206225171144120123
Cash Conversion Cycle -22-28-40-58-100-89-96-92-64-12-125
Working Capital Days 393947342121305458524539
ROCE %17%26%24%28%30%35%35%26%17%20%20%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%
FIIs 2.86%2.94%3.15%2.91%2.76%2.72%2.68%2.50%2.60%2.76%3.00%3.46%
DIIs 12.40%12.44%12.23%11.91%12.20%12.40%12.54%12.51%12.35%12.15%11.99%11.53%
Public 9.73%9.62%9.63%10.16%10.03%9.87%9.78%9.98%10.05%10.06%10.00%9.98%
No. of Shareholders 34,14731,94330,94435,49633,18630,02031,09734,29334,80935,22634,84034,763

Shareholding Pattern Chart

No. of Shareholders

Honeywell Automation India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund 230,000 2.23 767.63102,4012026-02-23 04:06:19124.61%
SBI Energy Opportunities Fund 76,240 2.96 254.4537,9702025-12-08 08:02:26100.79%
SBI Large & Midcap Fund 61,631 0.55 205.69N/AN/AN/A
SBI Innovative Opportunities Fund 56,748 3.57 189.444,8172025-12-08 08:02:2626.62%
Invesco India Contra Fund 48,973 0.82 163.4536,7792025-12-08 08:02:2633.15%
SBI Childrens Fund - Investment Plan 40,000 2.58 133.5N/AN/AN/A
Kotak Large & Midcap Fund 37,000 0.41 123.49N/AN/AN/A
Invesco India Infrastructure Fund 32,952 8.25 109.98N/AN/AN/A
Nippon India Large Cap Fund 27,794 0.19 92.7631,9162026-02-23 04:06:19-12.92%
Aditya Birla Sun Life Flexi Cap Fund 25,216 0.34 84.16N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 592.15567.13495.40383.57520.32
Diluted EPS (Rs.) 592.15567.13495.40383.57520.32
Cash EPS (Rs.) 656.82630.79554.18442.98575.45
Book Value[Excl.RevalReserv]/Share (Rs.) 4588.864097.953606.913209.012917.27
Book Value[Incl.RevalReserv]/Share (Rs.) 4588.864097.953606.913209.012917.27
Dividend / Share (Rs.) 105.00100.0095.0090.0085.00
Revenue From Operations / Share (Rs.) 4760.914611.593899.993335.203442.06
PBDIT / Share (Rs.) 871.25832.04732.02583.22761.19
PBIT / Share (Rs.) 809.43771.02673.33523.88706.14
PBT / Share (Rs.) 801.82766.93668.85517.67699.12
Net Profit / Share (Rs.) 595.00569.77495.49383.63520.41
PBDIT Margin (%) 18.3018.0418.7617.4822.11
PBIT Margin (%) 17.0016.7117.2615.7020.51
PBT Margin (%) 16.8416.6317.1415.5220.31
Net Profit Margin (%) 12.4912.3512.7011.5015.11
Return on Networth / Equity (%) 12.9613.9013.7311.9517.83
Return on Capital Employeed (%) 17.1718.4618.4615.9623.31
Return On Assets (%) 9.3410.249.848.4511.63
Asset Turnover Ratio (%) 0.790.860.810.740.82
Current Ratio (X) 3.573.723.343.232.75
Quick Ratio (X) 3.413.593.203.142.68
Inventory Turnover Ratio (X) 21.1410.8411.1712.8611.75
Dividend Payout Ratio (NP) (%) 16.8816.7518.1622.1514.41
Dividend Payout Ratio (CP) (%) 15.2915.1316.2419.1913.03
Earning Retention Ratio (%) 83.1283.2581.8477.8585.59
Cash Earning Retention Ratio (%) 84.7184.8783.7680.8186.97
Interest Coverage Ratio (X) 114.43203.39163.4193.91108.36
Interest Coverage Ratio (Post Tax) (X) 79.15140.28111.6162.7775.08
Enterprise Value (Cr.) 26316.4031189.7929827.0033006.1540119.41
EV / Net Operating Revenue (X) 6.287.698.6511.1913.19
EV / EBITDA (X) 34.3242.6046.0964.0259.62
MarketCap / Net Operating Revenue (X) 7.078.389.3411.8813.78
Retention Ratios (%) 83.1183.2481.8377.8485.58
Price / BV (X) 7.339.4310.1012.3416.25
Price / Net Operating Revenue (X) 7.078.389.3411.8813.78
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Honeywell Automation India Ltd. is a Public Limited Listed company incorporated on 13/01/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29299PN1984PLC017951 and registration number is 017951. Currently Company is involved in the business activities of Manufacture of computer, electronic and optical products. Company's Total Operating Revenue is Rs. 4189.60 Cr. and Equity Capital is Rs. 8.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Instrumentation & Process Control56 & 57, Hadapsar Industrial Estate, Pune Maharashtra 411013Contact not found
Management
NamePosition Held
Dr. Ganesh NatarajanChairman(NonExe.&Ind.Director)
Mr. Atul Vinayak PaiManaging Director
Mr. Ashish Kumar ModiNon Executive Director
Mr. Robert David MaillouxNon Executive Director
Mr. Pedro Thena GarroteNon Executive Director
Ms. Neera SaggiIndependent Director

FAQ

What is the intrinsic value of Honeywell Automation India Ltd and is it undervalued?

As of 09 April 2026, Honeywell Automation India Ltd's intrinsic value is ₹10680.91, which is 60.86% lower than the current market price of ₹27,290.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.7 %), book value (₹4,738), dividend yield (0.38 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Honeywell Automation India Ltd?

Honeywell Automation India Ltd is trading at ₹27,290.00 as of 09 April 2026, with a FY2026-2027 high of ₹41,600 and low of ₹26,220. The stock is currently near its 52-week low. Market cap stands at ₹24,124 Cr..

How does Honeywell Automation India Ltd's P/E ratio compare to its industry?

Honeywell Automation India Ltd has a P/E ratio of 47.0, which is below the industry average of 58.60. This is broadly in line with or below the industry average.

Is Honeywell Automation India Ltd financially healthy?

Key indicators for Honeywell Automation India Ltd: ROCE of 18.4 % indicates efficient capital utilization. Dividend yield is 0.38 %.

Is Honeywell Automation India Ltd profitable and how is the profit trend?

Honeywell Automation India Ltd reported a net profit of ₹524 Cr in Mar 2025 on revenue of ₹4,190 Cr. Compared to ₹339 Cr in Mar 2022, the net profit shows an improving trend.

Does Honeywell Automation India Ltd pay dividends?

Honeywell Automation India Ltd has a dividend yield of 0.38 % at the current price of ₹27,290.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Honeywell Automation India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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