Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Honeywell Automation India Ltd

About the Company - Honeywell Automation India Ltd

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 Wholesale trade, except of motor vehiclesan d motorcycles. Company’s Total Operating Revenue is Rs. 2948.32 Cr. and Equity Capital is Rs. 8.84 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Instrumentation & Process Control56 & 57, Hadapsar Industrial Estate, Pune Maharashtra 411013HAIL.InvestorServices@Honeywell.com
https://www.honeywell.com/in/en/hail
Management
NamePosition Held
Mr. Ganesh NatarajanChairman(NonExe.&Ind.Director)
Mr. Ashish GaikwadManaging Director
Ms. Neera SaggiIndependent Director
Ms. Nisha GuptaNon Executive Director
Mr. Ashish ModiNon Executive Director
Mr. Atul PaiNon Executive Director

Basic Stock Data of Honeywell Automation India Ltd

Last Updated: June 12, 2024, 1:06 pm

Market Cap 48,669 Cr.
Current Price 55,055
High / Low59,050/34,978
Stock P/E97.0
Book Value 4,079
Dividend Yield0.19 %
ROCE19.7 %
ROE14.8 %
Face Value 10.0
PEG Ratio-47.60

Competitors of Honeywell Automation India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aplab Ltd 91.4 Cr. 82.4127/38.063.9 9.130.00 %14.7 %% 10.0
Siemens Ltd 2,51,421 Cr. 7,0607,388/3,246109 3910.14 %20.7 %15.4 % 2.00
Industry Average125,756.20 Cr3,571.2086.45200.070.07%17.70%7.70%6.00

Honeywell Automation India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8746736837378606687867941,0188509321,1041,071
Expenses687544567630738581664666887711812966910
Operating Profit18812911710712287122128130139121138161
OPM %21%19%17%15%14%13%16%16%13%16%13%13%15%
Other Income28242221142529452727334028
Interest1221111110111
Depreciation13131313141312131314141413
Profit before tax20213812411412299137159144152139164174
Tax %26%25%26%25%26%26%26%26%26%26%26%26%27%
Net Profit15010492859073102118106112103122128
EPS in Rs169.53117.65103.5296.36101.4982.19115.33133.35120.00126.71116.95137.87144.66

Last Updated: June 7, 2024, 8:53 am

Honeywell Automation India Ltd Quarterly Chart

Honeywell Automation India Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6131,6611,7072,4042,1882,4102,6903,1753,2903,0432,9483,4483,904
Expenses1,4681,5381,5892,1921,9672,1212,3192,6682,6492,4512,5122,9263,376
Operating Profit145123118212221289371506641592436521528
OPM %9%7%7%9%10%12%14%16%19%19%15%15%14%
Other Income161119-1824372971978482128127
Interest10003346109963
Depreciation15141417151615164149525254
Profit before tax146119123177226307381555687618458591598
Tax %26%29%30%36%38%45%34%35%28%26%26%26%
Net Profit1078586114141169250359491460339438443
EPS in Rs121.1896.3397.45129.16159.69191.65282.45405.86555.88520.32383.57495.40501.50
Dividend Payout %8%10%10%10%6%5%11%11%13%16%23%19%

Honeywell Automation India Ltd Profit & Loss Yearly Chart

Honeywell Automation India Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:10%
TTM:18%
Compounded Profit Growth
10 Years:19%
5 Years:7%
3 Years:3%
TTM:15%
Stock Price CAGR
10 Years:29%
5 Years:16%
3 Years:9%
1 Year:30%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:14%
Last Year:15%

Last Updated: June 10, 2024, 4:54 pm

Honeywell Automation India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9999999999999
Reserves6216967728731,0131,1711,4101,7392,1692,5702,8283,1803,326
Borrowings000000008174563626
Other Liabilities4964975506017407711,0131,1431,1981,2821,1181,2261,306
Total Liabilities1,1261,2021,3311,4831,7621,9512,4322,8913,4573,9354,0114,4504,667
Fixed Assets7472658584798485196217181151137
CWIP30372318142224
Investments00076798378000000
Other Assets1,0491,1301,2631,3151,5971,7872,2692,7973,2473,7163,8284,2974,526
Total Assets1,1261,2021,3311,4831,7621,9512,4322,8913,4573,9354,0114,4504,667

Honeywell Automation India Ltd Reserves and Borrowings Chart

Honeywell Automation India Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -18-1719213166215263312330364264410
Cash from Investing Activity 24666-14046-85-172-443-212-307-106-118
Cash from Financing Activity -11-11-11-11-13-11-11-34-70-89-99-102
Net Cash Flow-638186-13819911980-16548-3259190

Honeywell Automation India Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7983765284768072821118499
Inventory Days1203940332927212327232333
Days Payable132123138114153161201184206225171144
Cash Conversion Cycle67-2-22-28-40-58-100-89-96-92-64-12
Working Capital Days527339394734212132566054
ROCE %25%18%17%26%24%28%30%35%35%26%17%20%

Honeywell Automation India Ltd Financial Efficiency Indicators Chart

Honeywell Automation India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs2.12%2.08%2.49%2.56%2.76%2.87%2.88%3.01%2.86%2.94%3.15%2.91%
DIIs12.74%12.58%12.42%12.38%12.38%12.47%12.45%12.48%12.40%12.44%12.23%11.91%
Public10.14%10.34%10.08%10.05%9.86%9.66%9.66%9.49%9.73%9.62%9.63%10.16%
No. of Shareholders27,12831,58830,44731,63730,55229,10727,55427,65934,14731,94330,94435,496

Honeywell Automation India Ltd Shareholding Pattern Chart

No. of Honeywell Automation India Ltd Shareholders

Honeywell Automation India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life ELSS Tax Saver Fund139,7023.6512.0645,5572024-06-09206.65%
Nippon India Focused Equity Fund45,5572.26166.9845,5572024-06-090%
Mirae Asset Midcap Fund40,5061.16148.4745,5572024-06-09-11.09%
Nippon India Large Cap Fund40,4110.82148.1245,5572024-06-09-11.3%
Aditya Birla Sun Life MNC Fund - Div37,4653.94137.3245,5572024-06-09-17.76%
Aditya Birla Sun Life MNC Fund - Gr37,4653.94137.3245,5572024-06-09-17.76%
Kotak Equity Opportunities Fund - Regular Plan33,0000.73120.9645,5572024-06-09-27.56%
Kotak Emerging Equity Fund - Regular Plan32,6490.33119.6745,5572024-06-09-28.33%
Invesco India Contra Fund32,2660.98118.2745,5572024-06-09-29.17%
Canara Robeco Emerging Equities29,7610.58109.0845,5572024-06-09-34.67%

Honeywell Automation India Ltd ROCE Trend

Honeywell Automation India Ltd EPS Trend

Honeywell Automation India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)567.13495.40383.57520.32555.88
Diluted EPS (Rs.)567.13495.40383.57520.32555.88
Cash EPS (Rs.)627.94554.18442.98575.45602.75
Book Value[Excl.RevalReserv]/Share (Rs.)4079.473606.913209.012917.272464.08
Book Value[Incl.RevalReserv]/Share (Rs.)4079.473606.913209.012917.272464.08
Dividend / Share (Rs.)100.0095.0090.0085.0075.00
Revenue From Operations / Share (Rs.)4590.723899.993335.203442.063721.73
PBDIT / Share (Rs.)828.28732.02583.22761.19831.19
PBIT / Share (Rs.)767.53673.33523.88706.14784.41
PBT / Share (Rs.)763.46668.85517.67699.12776.64
Net Profit / Share (Rs.)567.19495.49383.63520.41555.97
PBDIT Margin (%)18.0418.7617.4822.1122.33
PBIT Margin (%)16.7117.2615.7020.5121.07
PBT Margin (%)16.6317.1415.5220.3120.86
Net Profit Margin (%)12.3512.7011.5015.1114.93
Return on Networth / Equity (%)13.9013.7311.9517.8322.56
Return on Capital Employeed (%)18.4518.4615.9623.3130.30
Return On Assets (%)10.249.848.4511.6314.21
Asset Turnover Ratio (%)0.860.810.740.821.04
Current Ratio (X)3.723.343.232.752.53
Quick Ratio (X)3.593.203.142.682.42
Inventory Turnover Ratio (X)10.8411.1712.8611.7512.03
Dividend Payout Ratio (NP) (%)0.0018.1622.1514.418.09
Dividend Payout Ratio (CP) (%)0.0016.2419.1913.037.46
Earning Retention Ratio (%)0.0081.8477.8585.5991.91
Cash Earning Retention Ratio (%)0.0083.7680.8186.9792.54
Interest Coverage Ratio (X)203.39163.4193.91108.36106.95
Interest Coverage Ratio (Post Tax) (X)140.28111.6162.7775.0872.54
Enterprise Value (Cr.)31344.4429827.0033006.1540119.4121426.61
EV / Net Operating Revenue (X)7.728.6511.1913.196.51
EV / EBITDA (X)42.8146.0964.0259.6229.16
MarketCap / Net Operating Revenue (X)8.429.3411.8813.786.97
Retention Ratios (%)0.0081.8377.8485.5891.90
Price / BV (X)9.4710.1012.3416.2510.53
Price / Net Operating Revenue (X)8.429.3411.8813.786.97
EarningsYield0.010.010.010.010.02

Honeywell Automation India Ltd Profitability Ratios (%)

Honeywell Automation India Ltd Liquidity Ratios

Honeywell Automation India Ltd Liquidity Ratios (%)

Honeywell Automation India Ltd Interest Coverage Ratios (%)

Honeywell Automation India Ltd Valuation Ratios

Fair Value

Fair Value: 58,669.38

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.57% compared to the current price 55055

Intrinsic Value: 57,473.75

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 4.39% compared to the current price ₹55055

Last 5 Year EPS CAGR: -2.04%

*Investments are subject to market risks

Strength and Weakness of Honeywell Automation India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 25.08%, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -44.67, which is a positive sign.
  3. The company has higher reserves (1,720.62 cr) compared to borrowings (21.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.15 cr) and profit (383.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 44.00, which may not be favorable.

FAQ

What is the latest fair value of Honeywell Automation India Ltd?

The latest fair value of Honeywell Automation India Ltd is 58669.38.

What is the Market Cap of Honeywell Automation India Ltd?

The Market Cap of Honeywell Automation India Ltd is 48,669 Cr..

What is the current Stock Price of Honeywell Automation India Ltd as on 12 June 2024?

The current stock price of Honeywell Automation India Ltd as on 12 June 2024 is 55,055.

What is the High / Low of Honeywell Automation India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Honeywell Automation India Ltd stocks is 59,050/34,978.

What is the Stock P/E of Honeywell Automation India Ltd?

The Stock P/E of Honeywell Automation India Ltd is 97.0.

What is the Book Value of Honeywell Automation India Ltd?

The Book Value of Honeywell Automation India Ltd is 4,079.

What is the Dividend Yield of Honeywell Automation India Ltd?

The Dividend Yield of Honeywell Automation India Ltd is 0.19 %.

What is the ROCE of Honeywell Automation India Ltd?

The ROCE of Honeywell Automation India Ltd is 19.7 %.

What is the ROE of Honeywell Automation India Ltd?

The ROE of Honeywell Automation India Ltd is 14.8 %.

What is the Face Value of Honeywell Automation India Ltd?

The Face Value of Honeywell Automation India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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