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.

INDUSTRY	ADDRESS	CONTACT
Instrumentation & Process Control	56 & 57, Hadapsar Industrial Estate, Pune Maharashtra 411013	HAIL.InvestorServices@Honeywell.com https://www.honeywell.com/in/en/hail

Management
Name	Position Held
Dr. Ganesh Natarajan	Chairman(NonExe.&Ind.Director)
Mr. Atul Pai	Managing Director
Mr. Ashish Modi	Non Executive Director
Mr. Brian Rudick	Non Executive Director
Mr. Thaj Mathew	Non Executive Director
Ms. Neera Saggi	Independent Director

Basic Stock Data of Honeywell Automation India Ltd

Last Updated: July 26, 2024, 10:35 pm

Market Cap	47,923 Cr.
Current Price	54,454
High / Low	59,994/34,978
Stock P/E	95.6
Book Value	4,079
Dividend Yield	0.18 %
ROCE	19.8 %
ROE	14.8 %
Face Value	10.0
PEG Ratio	-46.91

Data Source: screener.in

Competitors of Honeywell Automation India Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Aplab Ltd	104 Cr.	94.2	127/51.9	73.1	9.13	0.00 %	14.7 %	%	10.0
Siemens Ltd	2,46,397 Cr.	6,917	7,974/3,246	106	391	0.14 %	20.7 %	15.4 %	2.00
Honeywell Automation India Ltd	47,923 Cr.	54,454	59,994/34,978	95.6	4,079	0.18 %	19.8 %	14.8 %	10.0
Industry Average	123,250.50 Cr	3,505.60		89.55	200.07	0.07%	17.70%	15.40%	6.00

Honeywell Automation India Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	874	673	683	737	860	668	786	794	1,018	850	932	1,104	1,071
Expenses	687	544	567	630	738	581	664	666	887	711	812	966	910
Operating Profit	188	129	117	107	122	87	122	128	130	139	121	138	161
OPM %	21%	19%	17%	15%	14%	13%	16%	16%	13%	16%	13%	13%	15%
Other Income	28	24	22	21	14	25	29	45	27	27	33	40	28
Interest	1	2	2	1	1	1	1	1	1	0	1	1	1
Depreciation	13	13	13	13	14	13	12	13	13	14	14	14	13
Profit before tax	202	138	124	114	122	99	137	159	144	152	139	164	174
Tax %	26%	25%	26%	25%	26%	26%	26%	26%	26%	26%	26%	26%	27%
Net Profit	150	104	92	85	90	73	102	118	106	112	103	122	128
EPS in Rs	169.53	117.65	103.52	96.36	101.49	82.19	115.33	133.35	120.00	126.71	116.95	137.87	144.66

Last Updated: July 11, 2024, 9:19 am

Honeywell Automation India Ltd Quarterly Chart

Honeywell Automation India Ltd Profit & Loss

Last Updated: July 10, 2024, 6:00 pm

Month	Dec 2011	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,613	1,661	1,707	2,404	2,188	2,410	2,690	3,175	3,290	3,043	2,948	3,448	3,904
Expenses	1,468	1,538	1,589	2,192	1,967	2,121	2,319	2,668	2,649	2,451	2,512	2,926	3,376
Operating Profit	145	123	118	212	221	289	371	506	641	592	436	521	528
OPM %	9%	7%	7%	9%	10%	12%	14%	16%	19%	19%	15%	15%	14%
Other Income	16	11	19	-18	24	37	29	71	97	84	82	128	127
Interest	1	0	0	0	3	3	4	6	10	9	9	6	3
Depreciation	15	14	14	17	15	16	15	16	41	49	52	52	54
Profit before tax	146	119	123	177	226	307	381	555	687	618	458	591	598
Tax %	26%	29%	30%	36%	38%	45%	34%	35%	28%	26%	26%	26%
Net Profit	107	85	86	114	141	169	250	359	491	460	339	438	443
EPS in Rs	121.18	96.33	97.45	129.16	159.69	191.65	282.45	405.86	555.88	520.32	383.57	495.40	501.50
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:	14%

Stock Price CAGR
10 Years:	27%
5 Years:	18%
3 Years:	8%
1 Year:	28%

Return on Equity
10 Years:	17%
5 Years:	17%
3 Years:	14%
Last Year:	15%

Last Updated: July 24, 2024, 6:10 pm

Honeywell Automation India Ltd Balance Sheet

Last Updated: July 10, 2024, 6:00 pm

Month	Dec 2011	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	9	9	9	9	9	9	9	9	9	9	9	9	9
Reserves	621	696	772	873	1,013	1,171	1,410	1,739	2,169	2,570	2,828	3,180	3,326
Borrowings	0	0	0	0	0	0	0	0	81	74	56	36	26
Other Liabilities	496	497	550	601	740	771	1,013	1,143	1,198	1,282	1,118	1,226	1,306
Total Liabilities	1,126	1,202	1,331	1,483	1,762	1,951	2,432	2,891	3,457	3,935	4,011	4,450	4,667
Fixed Assets	74	72	65	85	84	79	84	85	196	217	181	151	137
CWIP	3	0	3	7	2	3	1	8	14	2	2	2	4
Investments	0	0	0	76	79	83	78	0	0	0	0	0	0
Other Assets	1,049	1,130	1,263	1,315	1,597	1,787	2,269	2,797	3,247	3,716	3,828	4,297	4,526
Total Assets	1,126	1,202	1,331	1,483	1,762	1,951	2,432	2,891	3,457	3,935	4,011	4,450	4,667

Honeywell Automation India Ltd Reserves and Borrowings Chart

Honeywell Automation India Ltd Cash Flow

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-17	192	13	166	215	263	312	330	364	264	410	439
Cash from Investing Activity	66	6	-140	46	-85	-172	-443	-212	-307	-106	-118	2,008
Cash from Financing Activity	-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

Honeywell Automation India Ltd Financial Efficiency Indicators

Month	Dec 2011	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	79	83	76	52	84	76	80	72	82	111	84	99
Inventory Days	120	39	40	33	29	27	21	23	27	23	23	33
Days Payable	132	123	138	114	153	161	201	184	206	225	171	144
Cash Conversion Cycle	67	-2	-22	-28	-40	-58	-100	-89	-96	-92	-64	-12
Working Capital Days	52	73	39	39	47	34	21	21	32	56	60	54
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
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	2.08%	2.49%	2.56%	2.76%	2.87%	2.88%	3.01%	2.86%	2.94%	3.15%	2.91%	2.76%
DIIs	12.58%	12.42%	12.38%	12.38%	12.47%	12.45%	12.48%	12.40%	12.44%	12.23%	11.91%	12.20%
Public	10.34%	10.08%	10.05%	9.86%	9.66%	9.66%	9.49%	9.73%	9.62%	9.63%	10.16%	10.03%
No. of Shareholders	31,588	30,447	31,637	30,552	29,107	27,554	27,659	34,147	31,943	30,944	35,496	33,186

Honeywell Automation India Ltd Shareholding Pattern Chart

No. of Honeywell Automation India Ltd Shareholders

Honeywell Automation India Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Aditya Birla Sun Life ELSS Tax Saver Fund	139,702	3.6	512.06	32,649	2024-07-25	327.89%
Nippon India Focused Equity Fund	45,557	2.26	166.98	32,649	2024-07-25	39.54%
Mirae Asset Midcap Fund	40,506	1.16	148.47	32,649	2024-07-25	24.07%
Nippon India Large Cap Fund	40,411	0.82	148.12	32,649	2024-07-25	23.77%
Aditya Birla Sun Life MNC Fund - Div	37,465	3.94	137.32	32,649	2024-07-25	14.75%
Aditya Birla Sun Life MNC Fund - Gr	37,465	3.94	137.32	32,649	2024-07-25	14.75%
Kotak Equity Opportunities Fund - Regular Plan	33,000	0.73	120.96	32,649	2024-07-25	1.08%
Kotak Emerging Equity Fund - Regular Plan	32,649	0.33	119.67	32,649	2024-07-25	0%
Invesco India Contra Fund	32,266	0.98	118.27	32,649	2024-07-25	-1.17%
Canara Robeco Emerging Equities	29,761	0.58	109.08	32,649	2024-07-25	-8.85%

Honeywell Automation India Ltd ROCE Trend

Honeywell Automation India Ltd EPS Trend

Honeywell Automation India Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	567.13	495.40	383.57	520.32	555.88
Diluted EPS (Rs.)	567.13	495.40	383.57	520.32	555.88
Cash EPS (Rs.)	630.79	554.18	442.98	575.45	602.75
Book Value[Excl.RevalReserv]/Share (Rs.)	4097.95	3606.91	3209.01	2917.27	2464.08
Book Value[Incl.RevalReserv]/Share (Rs.)	4097.95	3606.91	3209.01	2917.27	2464.08
Dividend / Share (Rs.)	100.00	95.00	90.00	85.00	75.00
Revenue From Operations / Share (Rs.)	4611.59	3899.99	3335.20	3442.06	3721.73
PBDIT / Share (Rs.)	832.04	732.02	583.22	761.19	831.19
PBIT / Share (Rs.)	771.02	673.33	523.88	706.14	784.41
PBT / Share (Rs.)	766.93	668.85	517.67	699.12	776.64
Net Profit / Share (Rs.)	569.77	495.49	383.63	520.41	555.97
PBDIT Margin (%)	18.04	18.76	17.48	22.11	22.33
PBIT Margin (%)	16.71	17.26	15.70	20.51	21.07
PBT Margin (%)	16.63	17.14	15.52	20.31	20.86
Net Profit Margin (%)	12.35	12.70	11.50	15.11	14.93
Return on Networth / Equity (%)	13.90	13.73	11.95	17.83	22.56
Return on Capital Employeed (%)	18.46	18.46	15.96	23.31	30.30
Return On Assets (%)	10.24	9.84	8.45	11.63	14.21
Asset Turnover Ratio (%)	0.86	0.81	0.74	0.82	1.04
Current Ratio (X)	3.72	3.34	3.23	2.75	2.53
Quick Ratio (X)	3.59	3.20	3.14	2.68	2.42
Inventory Turnover Ratio (X)	10.84	11.17	12.86	11.75	12.03
Dividend Payout Ratio (NP) (%)	16.75	18.16	22.15	14.41	8.09
Dividend Payout Ratio (CP) (%)	15.13	16.24	19.19	13.03	7.46
Earning Retention Ratio (%)	83.25	81.84	77.85	85.59	91.91
Cash Earning Retention Ratio (%)	84.87	83.76	80.81	86.97	92.54
Interest Coverage Ratio (X)	203.39	163.41	93.91	108.36	106.95
Interest Coverage Ratio (Post Tax) (X)	140.28	111.61	62.77	75.08	72.54
Enterprise Value (Cr.)	31189.79	29827.00	33006.15	40119.41	21426.61
EV / Net Operating Revenue (X)	7.69	8.65	11.19	13.19	6.51
EV / EBITDA (X)	42.60	46.09	64.02	59.62	29.16
MarketCap / Net Operating Revenue (X)	8.38	9.34	11.88	13.78	6.97
Retention Ratios (%)	83.24	81.83	77.84	85.58	91.90
Price / BV (X)	9.43	10.10	12.34	16.25	10.53
Price / Net Operating Revenue (X)	8.38	9.34	11.88	13.78	6.97
EarningsYield	0.01	0.01	0.01	0.01	0.02

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: 57,816.84

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: 6.18% compared to the current price 54454

Intrinsic Value: 56,638.57

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: 4.01% compared to the current price 54454

Last 5 Year EPS CAGR: -2.04%

*Investments are subject to market risks

Strength and Weakness of Honeywell Automation India Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 25.08%, which is a positive sign. The stock has a low average Cash Conversion Cycle of -44.67, which is a positive sign. The company has higher reserves (1,834.83 cr) compared to borrowings (25.58 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.15 cr) and profit (383.54 cr) over the years.	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 ₹57816.84.

What is the Market Cap of Honeywell Automation India Ltd?

The Market Cap of Honeywell Automation India Ltd is 47,923 Cr..

What is the current Stock Price of Honeywell Automation India Ltd as on 27 July 2024?

The current stock price of Honeywell Automation India Ltd as on 27 July 2024 is 54,454.

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 59,994/34,978.

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

The Stock P/E of Honeywell Automation India Ltd is 95.6.

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 0.18 %.

What is the ROCE of Honeywell Automation India Ltd?

The ROCE of Honeywell Automation India Ltd is 19.8 %.

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.