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Honeywell Automation India Limited
(HONAUT)
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Rating:66Neutral
Price Target:
₹39,567.00
▲(5.57% Upside)
Action:Downgraded
Date:08/24/26
The score is primarily supported by strong financial quality—especially the conservatively capitalized balance sheet and solid cash generation—partly offset by 2026 margin compression. Technical indicators are currently soft, and the high P/E with a low dividend yield weighs heavily on valuation.
Positive Factors
Conservative balance sheet
Minimal leverage limits interest and refinancing risk, giving HONAUT financial flexibility to invest through industrial cycles. The growing equity base and consistently healthy returns also support durable balance-sheet resilience.
Negative Factors
2026 margin compression
Lower profitability despite continued sales growth suggests unfavorable mix, pricing pressure, or higher costs. If persistent, margin compression could reduce earnings conversion and limit the benefit of HONAUT’s otherwise steady revenue expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage limits interest and refinancing risk, giving HONAUT financial flexibility to invest through industrial cycles. The growing equity base and consistently healthy returns also support durable balance-sheet resilience.
Read all positive factors
Honeywell Automation India Limited (HONAUT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹310.09B
Dividend Yield0.32%
Average Volume (3M)923.00
Price to Earnings (P/E)54.8
Beta (1Y)0.87
Revenue Growth6.59%
EPS Growth7.70%
CountryIN
Employees3,096
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)623.29
Shares Outstanding8,841,523
10 Day Avg. Volume1,049
30 Day Avg. Volume923
Financial Highlights & Ratios
PEG Ratio164.09
Price to Book (P/B)5.22
Price to Sales (P/S)4.97
P/FCF Ratio38.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)745.93
Revenue Forecast (FY)₹52.46B
Honeywell Automation India Limited Business Overview & Revenue Model
Company Description
Based in Pune, India, and established in 1984, Honeywell Automation India Limited delivers integrated automation and control systems across India and internationally. This subsidiary of HAIL Mauritius Limited specializes in manufacturing and selli...
How the Company Makes Money
HONAUT makes money primarily by selling automation and control products, executing integrated automation projects, and providing services across the lifecycle of customer assets. Key revenue streams typically include: (1) Product and system sales:...
Honeywell Automation India Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.03B | 46.82B | 41.90B | 40.58B | 34.48B | 29.48B |
| Gross Profit | 11.92B | 9.11B | 16.25B | 17.29B | 16.03B | 13.90B |
| EBITDA | 8.08B | 7.72B | 5.66B | 5.72B | 5.00B | 4.12B |
| Net Income | 5.51B | 5.25B | 5.24B | 5.01B | 4.38B | 3.39B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 62.29B | 56.05B | 48.95B | 44.51B | 40.11B |
| Cash, Cash Equivalents and Short-Term Investments | 38.05B | 38.60B | 32.91B | 28.22B | 23.85B | 20.06B |
| Total Debt | 0.00 | 1.10B | 1.01B | 596.00M | 363.00M | 557.40M |
| Total Liabilities | -44.63B | 17.66B | 15.66B | 12.89B | 12.62B | 11.74B |
| Stockholders Equity | 44.63B | 44.63B | 40.38B | 36.06B | 31.89B | 28.37B |
Cash Flow | ||||||
| Free Cash Flow | 2.33B | 6.09B | 3.99B | 4.07B | 3.82B | 2.51B |
| Operating Cash Flow | 2.42B | 6.42B | 4.26B | 4.39B | 4.10B | 2.64B |
| Investing Cash Flow | -2.16B | -31.13B | -142.00M | 20.06B | -1.29B | -1.09B |
| Financing Cash Flow | -1.04B | -1.16B | -1.10B | -1.05B | -1.02B | -985.30M |
Honeywell Automation India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹1.56T | 52.49 | ― | 0.53% | 7.92% | 66.43% | |
77 Outperform | ₹1.40T | 122.36 | ― | 0.03% | 40.17% | 123.39% | |
69 Neutral | ₹1.43T | 116.74 | ― | 0.14% | 21.42% | 21.02% | |
66 Neutral | ₹310.09B | 54.84 | ― | 0.32% | 6.59% | 7.70% | |
59 Neutral | ₹293.66B | 155.24 | ― | 0.50% | 9.56% | -29.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Honeywell Automation India Limited Corporate Events
Honeywell Automation India Revises AGM Notice and Seeks Nod on Key Resolutions
Jul 29, 2026
Honeywell Automation India Limited has issued a revised notice for its 42nd Annual General Meeting after identifying a typographical error in the previously released annual report for FY 2025-26. The correction relates to the commission payable to...
Honeywell Automation India Publishes AGM Notices in Financial Dailies
Jul 8, 2026
Honeywell Automation India Limited has notified the stock exchanges that it has published newspaper advertisements related to its 42nd Annual General Meeting in the Financial Express and Marathi daily Loksatta. The disclosure, made under SEBI̵...
Honeywell Automation India Sets AGM, Dividend and Key Governance Votes
Jul 7, 2026
Honeywell Automation India Limited has scheduled its 42nd Annual General Meeting for July 29, 2026, to be held via video conferencing and other audio-visual means, with the annual report for FY 2025-26 available on the company’s website. Sha...
Honeywell Automation India Alerts Shareholders on Transfer of Unclaimed Dividends and Shares to IEPF
Jun 6, 2026
Honeywell Automation India Limited has published newspaper advertisements in Financial Express and Loksatta to notify shareholders about the impending transfer of unclaimed or unpaid dividends and the corresponding equity shares to the Investor Ed...
Honeywell Automation India Publishes Investor Education Campaign Notice in Newspapers
Jun 6, 2026
Honeywell Automation India Limited informed the stock exchanges that it has published notices in the Financial Express and Loksatta newspapers on June 6, 2026, in connection with the second 100-day investor education campaign, “Saksham Nives...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.