Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 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

Honeywell Automation India Ltd. Share Price Update

Share PriceValue
Today₹38,400.00
Previous Day₹38,712.30

Basic Stock Data of Honeywell Automation India Ltd

Market Cap 33,823 Cr.
Current Price 38,262
High / Low44,150/34,343
Stock P/E72.7
Book Value 3,772
Dividend Yield0.25 %
ROCE19.5 %
ROE14.5 %
Face Value 10.0

Data Source: screener.in

Competitors of Honeywell Automation India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Siemens Ltd 1,62,533 Cr. 4,5644,644/3,12083.9 3660.22 %20.7 %15.4 % 2.00
Industry Average162,533.00 Cr4,564.0083.90366.000.22%20.70%15.40%2.00

Honeywell Automation India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7608746736837378606687867941,0178509321,104
Expenses615687544567630738581664666887711812966
Operating Profit14418812911710712287122128130139121138
OPM %19%21%19%17%15%14%13%16%16%13%16%13%13%
Other Income14282422211425294527273340
Interest2122111111011
Depreciation11131313131413121313141414
Profit before tax14520213812411412299137159144152139164
Tax %26%26%25%26%25%26%26%26%26%26%26%26%26%
Net Profit10815010492859073102118106112103122
EPS in Rs122.21169.53117.65103.5296.36101.4982.19115.33133.35119.97126.71116.95137.87

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:8%
5 Years:5%
3 Years:2%
TTM:21%
Compounded Profit Growth
10 Years:18%
5 Years:12%
3 Years:-4%
TTM:17%
Stock Price CAGR
10 Years:31%
5 Years:12%
3 Years:-6%
1 Year:4%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:15%
Last Year:15%

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
Borrowings-0-0-0-0-0-0-0-08174563626
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
Investments-0-0-076798378-0-0-0-0-0-0
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)
Aditya Birla Sun Life ELSS Tax Saver Fund1397023.6512.06
Nippon India Focused Equity Fund455572.26166.98
Mirae Asset Midcap Fund405061.16148.47
Nippon India Large Cap Fund404110.82148.12
Aditya Birla Sun Life MNC Fund - Div374653.94137.32
Aditya Birla Sun Life MNC Fund - Gr374653.94137.32
Kotak Equity Opportunities Fund - Regular Plan330000.73120.96
Kotak Emerging Equity Fund - Regular Plan326490.33119.67
Invesco India Contra Fund322660.98118.27
Canara Robeco Emerging Equities297610.58109.08

Honeywell Automation India Ltd ROCE Trend

Honeywell Automation India Ltd EPS Trend

Honeywell Automation India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)495.40383.57520.32555.88405.86
Diluted EPS (Rs.)495.40383.57520.32555.88405.86
Cash EPS (Rs.)554.18442.98575.45602.75423.90
Book Value[Excl.RevalReserv]/Share (Rs.)3606.913209.012917.272464.081976.76
Book Value[Incl.RevalReserv]/Share (Rs.)3606.913209.012917.272464.081976.76
Dividend / Share (Rs.)95.0090.0085.0075.0045.00
Revenue From Operations / Share (Rs.)3899.993335.203442.063721.733591.33
PBDIT / Share (Rs.)732.02583.22761.19831.19649.62
PBIT / Share (Rs.)673.33523.88706.14784.41631.64
PBT / Share (Rs.)668.85517.67699.12776.64627.70
Net Profit / Share (Rs.)495.49383.63520.41555.97405.93
PBDIT Margin (%)18.7617.4822.1122.3318.08
PBIT Margin (%)17.2615.7020.5121.0717.58
PBT Margin (%)17.1415.5220.3120.8617.47
Net Profit Margin (%)12.7011.5015.1114.9311.30
Return on Networth / Equity (%)13.7311.9517.8322.5620.53
Return on Capital Employeed (%)18.4615.9623.3130.3031.28
Return On Assets (%)9.848.4511.6314.2112.41
Asset Turnover Ratio (%)0.810.740.821.041.19
Current Ratio (X)3.343.232.752.532.27
Quick Ratio (X)3.203.142.682.422.18
Inventory Turnover Ratio (X)11.1712.8611.7512.0314.56
Dividend Payout Ratio (NP) (%)18.1622.1514.418.097.88
Dividend Payout Ratio (CP) (%)16.2419.1913.037.467.54
Earning Retention Ratio (%)81.8477.8585.5991.9192.12
Cash Earning Retention Ratio (%)83.7680.8186.9792.5492.46
Interest Coverage Ratio (X)163.4193.91108.36106.95165.02
Interest Coverage Ratio (Post Tax) (X)111.6162.7775.0872.54104.11
Enterprise Value (Cr.)29827.0033006.1540119.4121426.6118443.51
EV / Net Operating Revenue (X)8.6511.1913.196.515.81
EV / EBITDA (X)46.0964.0259.6229.1632.12
MarketCap / Net Operating Revenue (X)9.3411.8813.786.976.20
Retention Ratios (%)81.8377.8485.5891.9092.11
Price / BV (X)10.1012.3416.2510.5311.26
Price / Net Operating Revenue (X)9.3411.8813.786.976.20
EarningsYield0.010.010.010.020.01

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 of Honeywell Automation India Ltd Stock

Fair Value: ₹39861.94

The stock is undervalued by 4.18% compared to the current price ₹38262

*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 is trading at a high valuation with an average P/B ratio of 711.45 and average Dividend Yield of 18.42%.
  2. The stock has a high average Working Capital Days of 44.00, which may not be favorable.

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