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Honeywell Automation India

HONAUT NSE
₹29,810.00 +740.00 (+2.55%)
P/E
47.82
View as Markdown
MCP
Close 4 Nov 2026 ₹29,810.00 −6,430.00 −17.7% 1Y
Start ₹36,240.00

Key Fundamentals

SmallcapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
17.00%
Debt to Equity
0.02
EPS (TTM)
₹623.32
Book Value
₹5,275.27
Market Cap
—
P/E (TTM)
47.82
P/B
5.65
ROE
12.60%
Dividend Yield
0.38%
EBITDA
₹785 Cr
52W High
₹41,495.00
52W Low
₹26,220.00
Day Range
₹29,180.00 – ₹29,990.00
Volume
7,019

Peer Comparison

Industrials › Capital Goods › Industrial Products

Honeywell Automation peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation (this company)
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Median 7 companies₹3,330.0079.19₹25,976 Cr9.590.10%14.00%17.00%₹3,899 Cr₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

51 Average

Data confidence 100/100

Category scores

Quality
52
Average
Returns, margins, earnings quality 22% weight
Valuation
63
Good
Cheap vs sector & own history 24% weight
Growth
22
Poor
Sales & profit trajectory 9% weight
Financial Health
75
Strong
Solvency, leverage, coverage 9% weight
Momentum
19
Poor
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.9%
  • Company's working capital requirements have reduced from 36.9 days to 26.7 days

Weaknesses

2
  • The company has delivered a poor sales growth of 9.00% over past five years.
  • Company has a low return on equity of 13.6% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
31.70
Neutral
MACD (12,26,9)
−1,162.44
Bearish
SMA (50)
33,423.80
Bearish
SMA (200)
33,527.90
Bearish

As of

Analyst Rating

Based on 4 analysts
HOLD50%

1 of 4 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
1
25%
HOLD
2
50%
SELL
1
25%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.90%
5Y+9.00%
3Y+10.74%
1Y+11.74%
TTM+6.60%

Net profit

Net profit growth by window
10Y+14.05%
5Y+2.68%
3Y+6.23%
1Y+0.19%
TTM+7.81%

Operating cash flow

Operating cash flow growth by window
10Y+11.50%
5Y+6.25%
3Y+6.34%
1Y+15.73%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.99 pp
5Y−6.36 pp
3Y−2.02 pp
1Y−0.99 pp
TTM+0.58 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,410 Cr
Mar 2018₹2,690 Cr
Mar 2019₹3,175 Cr
Mar 2020₹3,290 Cr
Mar 2021₹3,043 Cr
Mar 2022₹2,948 Cr
Mar 2023₹3,448 Cr
Mar 2024₹4,058 Cr
Mar 2025₹4,190 Cr
Mar 2026₹4,682 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹169 Cr
Mar 2018₹250 Cr
Mar 2019₹359 Cr
Mar 2020₹491 Cr
Mar 2021₹460 Cr
Mar 2022₹339 Cr
Mar 2023₹438 Cr
Mar 2024₹501 Cr
Mar 2025₹524 Cr
Mar 2026₹525 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹222 Cr +12.6% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk medium

Honeywell Automation India Ltd trades at ₹30,510 as of 2026-10-29 with a market cap of ₹26,975 crore, a P/E (TTM) of 48.95x, and near-zero debt (D/E of 0.02). The stock is down roughly 26% from its 52-week high of ₹41,495, with TTM sales growth of 7% and profit growth of 9%, while ROE stands at 11.76% and ROCE at 15.68%.

Bull Case 8
  • Virtually debt-free balance sheet with a debt-to-equity ratio of just 0.02, providing significant financial flexibility and resilience through economic cycles.
  • Strong long-term compounded profit growth of 14% over 10 years, demonstrating sustained earnings power over a full business cycle.
  • ROCE of 15.68% indicates the company generates reasonable returns on total capital employed, reflecting efficient capital allocation.
  • Working capital efficiency has improved meaningfully, with requirements reducing from 36.9 days to 26.7 days, freeing up cash for other uses.
  • Consistent dividend payout of 17.9% with a current yield of 0.36%, supported by the debt-free balance sheet and steady cash generation.
  • 10-year stock CAGR of 13% reflects long-term wealth creation despite recent underperformance, indicating the business has compounded value over extended periods.
  • 10-year compounded sales growth of 8% provides a base of steady, if unspectacular, revenue expansion backed by Honeywell's global technology and brand.
  • Stock trading at ₹30,510, approximately 26% below its 52-week high of ₹41,495, which may offer a more favourable entry valuation relative to its recent trading range.
Bear Case 7
  • 5-year compounded profit growth of just 3% is notably weak, suggesting earnings momentum has decelerated materially in recent years.
  • 5-year compounded sales growth of only 9% is poor for a capital goods company in a growing Indian economy, indicating limited market share gains or organic expansion.
  • ROE has trended down from a 10-year average of 16% to 11.76% currently (last year 13%), suggesting declining efficiency in generating shareholder returns.
  • Negative stock price returns over 1-year (-10%), 3-year (-5% CAGR), and 5-year (-7% CAGR) horizons show sustained underperformance and value erosion for holders.
  • Price-to-book ratio of 5.78x is rich given the declining ROE trend; the premium appears hard to justify if returns on equity continue to compress.
  • Dividend yield of only 0.36% offers minimal income cushion for investors, meaning returns are almost entirely dependent on capital appreciation which has been negative over multiple timeframes.
  • 3-year compounded profit growth of 7% lags the 3-year sales growth of 11%, implying margin pressure or rising costs that are compressing profitability.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

69d ago

TL;DR: Honeywell Automation India is delivering solid top-line growth with Q1FY27 showing strong profit expansion of 21% YoY. FY26 saw 12% revenue growth though net profit remained flat, suggesting margin pressure in the full year that appears to have eased in Q1FY27. The ₹110 dividend signals confidence in cash flows. The trend is improving if Q1FY27 margins sustain through the year.

Positives 2
  • Q1FY27 profit up 21% YoY Jul 30

    Honeywell Automation India reported Q1FY27 net profit of ₹1,507 crore, up 21% YoY, with revenue growing to ₹12,508 crore.

  • FY26 revenue grows 12% Jul 29

    FY26 revenue rose 12% to ₹4,681.9 crore with net profit flat at ₹525 crore. Board declared ₹110 per share final dividend approved at 42nd AGM on July 29, 2026.

Quarterly Results

₹ Cr
HONAUT quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
932
1,104
1,071
951
960
1,024
1,091
1,114
1,183
1,149
1,169
1,181
1,204
1,224
Expenses
812
966
910
781
806
895
949
955
1,042
1,018
1,021
996
1,032
1,069
Operating Profit
121
138
161
170
154
129
142
159
142
132
148
185
172
155
OPM %
13%
13%
15%
18%
16%
13%
13%
14%
12%
11%
13%
16%
14%
13%
Other Income
33
40
28
42
44
41
50
47
42
44
34
47
46
42
Interest
1
1
1
1
1
1
2
2
2
2
4
1
2
2
Depreciation
14
14
13
14
13
14
14
14
13
13
13
15
14
15
PBT
139
164
174
197
184
155
176
190
168
161
165
215
203
181
Tax %
26%
26%
27%
25%
26%
26%
25%
26%
26%
26%
26%
26%
26%
26%
Net Profit
103
122
128
148
136
115
132
140
125
120
121
160
151
134
EPS (₹)
117
138
145
168
154
130
149
158
141
135
137
181
170
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
HONAUT profit and loss, annual, ₹ crore
Particulars Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,404
2,188
2,410
2,690
3,175
3,290
3,043
2,948
3,448
4,058
4,190
4,682
4,703
Expenses
2,192
1,967
2,121
2,319
2,668
2,650
2,451
2,512
2,926
3,463
3,599
4,069
4,067
Operating Profit
212
221
289
371
506
640
592
436
521
595
590
613
636
OPM %
9%
10%
12%
14%
16%
19%
19%
15%
15%
15%
14%
13%
14%
Other Income
−18
24
37
29
71
97
84
82
128
143
182
165
171
Interest
0
3
3
4
6
10
9
9
6
9
12
16
10
Depreciation
17
15
16
15
16
41
49
52
52
54
54
54
54
PBT
177
226
307
381
555
687
618
458
591
675
706
709
744
Tax %
36%
38%
45%
34%
35%
28%
26%
26%
26%
26%
26%
26%
—
Net Profit
114
141
169
250
359
491
460
339
438
501
524
525
551
EPS (₹)
129
160
192
282
406
556
520
384
495
567
592
594
623
Div. Payout %
10%
6%
5%
11%
11%
13%
16%
23%
19%
18%
18%
18%
—

Balance Sheet

₹ Cr
HONAUT balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
9
9
9
9
9
9
9
9
9
9
Reserves
873
1,013
1,171
1,410
1,739
2,169
2,570
2,828
3,180
3,597
4,029
4,454
Borrowings
0
0
0
0
0
81
74
56
36
60
101
110
Other Liabilities
601
740
771
1,013
1,143
1,198
1,300
1,118
1,226
1,229
1,466
1,656
Total Liabilities
1,483
1,762
1,951
2,432
2,891
3,457
3,953
4,011
4,450
4,895
5,605
6,229
Fixed Assets
85
84
79
84
85
193
217
181
151
170
202
202
CWIP
7
2
3
1
8
14
2
2
2
2
3
3
Investments
76
79
83
78
0
0
0
0
0
0
0
0
Other Assets
1,315
1,597
1,787
2,269
2,797
3,250
3,734
3,828
4,297
4,723
5,400
6,024
Total Assets
1,483
1,762
1,951
2,432
2,891
3,457
3,953
4,011
4,450
4,895
5,605
6,229

Cash Flow

₹ Cr
HONAUT cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
13
166
215
263
312
330
364
264
410
439
426
493
Investing
−140
46
−85
−172
−443
−212
−307
−106
−118
2,008
−8
−2,942
Financing
−11
−13
−11
−11
−34
−70
−89
−99
−102
−106
−110
−116
Net Cash Flow
−138
199
119
80
−165
48
−32
59
190
2,342
308
−2,566
Free Cash Flow
−24
156
203
244
289
271
317
253
388
407
399
460
CFO/OP
43
117
120
114
103
83
80
96
90
94
104
118

Ratios

HONAUT financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
84
76
80
72
80
115
84
99
83
98
90
Inventory Days
33
29
27
21
23
27
23
23
33
25
34
27
Days Payable
114
153
161
201
184
188
261
169
144
120
137
130
Cash Conversion Cycle
−28
−40
−58
−100
−89
−81
−124
−62
−12
−12
−4
−12
Working Capital Days
39
47
34
21
21
30
52
58
52
45
39
27
ROCE %
26%
24%
28%
30%
35%
35%
26%
17%
20%
20%
18%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Honeywell Automation insights

59 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • DIIs 11.49%
  • Public 7.88%
  • FIIs 3.99%
  • Others 1.63%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Honeywell Automation India

What does Honeywell Automation India Ltd do?
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.
Where is Honeywell Automation India Ltd (HONAUT) listed?
Honeywell Automation India Ltd trades as HONAUT on the NSE and under code 517174 on the BSE.
Which sector does Honeywell Automation India Ltd belong to?
Honeywell Automation India Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Honeywell Automation India Ltd?
Honeywell Automation India Ltd trades at a PE ratio of 47.82 as of 4 Nov 2026, on earnings per share of ₹623.32, against a book value of ₹5,275.27 per share.
What is the 52-week high and low of Honeywell Automation India Ltd?
Over the last 52 weeks Honeywell Automation India Ltd has traded between ₹26,220 and ₹41,495 as of 4 Nov 2026.
Does Honeywell Automation India Ltd pay dividends?
Honeywell Automation India Ltd has a dividend yield of 0.38%.
What is the Return on Equity (ROE) of Honeywell Automation India Ltd?
Honeywell Automation India Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 0.02.

Company Information

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. HAIL is engaged primarily in the business of Automation & Control systems on turnkey basis and others.

Website honeywell.com/en-us/global/en-in/hail
CEO Mr. Atul Vinayak Pai
Employees 3,140
Listed 18 Jul 2003
Face Value ₹10

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