Honeywell Automation India Limited (HONAUT) AI Stock Analysis

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Honeywell Automation India Limited

(NSE:HONAUT)

Select Model

Rating:69Neutral

Price Target:INR 33,613.00▲(10.07% Upside)

Action:downgraded

Date:08/24/26

The overall score reflects a financially strong, low‑leverage business with consistent profitability and solid revenue growth as the primary positive driver, offset by a demanding valuation multiple and only moderate, short‑term technical momentum. While the balance sheet resilience and earnings track record support the investment case, the high P/E and low yield constrain upside and keep the stock in a moderately attractive rather than top‑tier range.

Positive Factors

Conservative balance sheetMinimal leverage reduces financial risk and preserves flexibility to fund operations, invest in industrial automation capabilities, or withstand cyclical demand. The growing equity base and consistently healthy returns on equity provide durable support for the company’s financial resilience.

Negative Factors

2026 margin compressionFalling gross and net margins indicate that recent revenue growth is not translating proportionately into profit. If the less favorable mix, pricing, or cost pressures persist, they could reduce earnings growth, weaken operating leverage, and constrain reinvestment capacity.

Honeywell Automation India Limited (HONAUT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 272.94B
Dividend Yield: 0.36%
Average Volume (3M): 590
Price to Earnings (P/E): 47.7
Beta (1Y): 0.73
Revenue Growth: 5.29%
EPS Growth: 9.53%
Country: India
Employees: 3,096
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

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 selling...

Honeywell Automation India Limited Financial Statement Overview

Summary

Financial performance is strong, with solid multi‑year revenue and net income growth, consistently healthy double‑digit margins, and an exceptionally conservative balance sheet with very low leverage and robust returns on equity. Margin compression and somewhat volatile free cash flow keep the profile below best‑in‑class but still clearly high quality.

Income Statement

82Very Positive

Balance Sheet

90Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	47.78B	46.82B	41.90B	40.58B	34.48B	29.48B
Gross Profit	12.33B	9.11B	16.25B	17.29B	16.03B	13.90B
EBITDA	7.87B	7.72B	5.85B	5.89B	5.19B	4.33B
Net Income	5.65B	5.25B	5.24B	5.01B	4.38B	3.39B
Balance Sheet
Total Assets	63.23B	62.29B	56.05B	48.95B	44.51B	40.11B
Cash, Cash Equivalents and Short-Term Investments	38.21B	38.60B	32.91B	28.22B	23.85B	20.06B
Total Debt	997.00M	1.10B	1.01B	596.00M	363.00M	557.40M
Total Liabilities	16.60B	17.66B	15.66B	12.89B	12.62B	11.74B
Stockholders Equity	46.63B	44.63B	40.38B	36.06B	31.89B	28.37B
Cash Flow
Free Cash Flow	0	6.09B	3.99B	4.07B	3.82B	2.51B
Operating Cash Flow	0	6.42B	4.26B	4.39B	4.10B	2.64B
Investing Cash Flow	0	-31.13B	-142.00M	20.06B	-1.29B	-1.09B
Financing Cash Flow	0	-1.16B	-1.10B	-1.05B	-1.02B	-985.30M

Honeywell Automation India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price30536.70

Price Trends

50DMA32700.57Negative

100DMA35327.10Negative

200DMA33378.17Negative

Market Momentum

MACD-737.88Negative

RSI41.71Neutral

STOCH76.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HONAUT, the sentiment is Negative. The current price of 30536.70 is below the 20-day moving average (MA) of 30689.66, below the 50-day MA of 32700.57, and below the 200-day MA of 33378.17, indicating a bearish trend. The MACD of -737.88 indicates Negative momentum. The RSI at 41.71 is Neutral, neither overbought nor oversold. The STOCH value of 76.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HONAUT.

Honeywell Automation India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HONAUT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ABB	77Outperform	INR 1.47T	50.03	―	0.55%	7.90%	71.29%
IN:ENRIN	75Outperform	INR 1.08T	74.80	―	0.13%	―	―
IN:CGPOWER	70Outperform	INR 1.29T	94.74	―	0.16%	23.76%	25.93%
IN:HONAUT	69Neutral	INR 271.40B	47.70	―	0.36%	5.29%	9.53%
IN:POWERINDIA	68Neutral	INR 1.27T	116.91	―	0.03%	51.52%	66.29%
IN:SCHNEIDER	64Neutral	INR 251.36B	157.42	―	―	12.28%	-37.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:HONAUT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HONAUT	Honeywell Automation India Limited	30536.70	-4853.62	-13.71%
IN:ABB	ABB India Limited	7045.00	2081.62	41.94%
IN:CGPOWER	CG Power & Industrial Solutions Ltd	828.00	79.65	10.64%
IN:POWERINDIA	Hitachi Energy India Limited	31610.00	10128.67	47.15%
IN:SCHNEIDER	Schneider Electric Infrastructure Limited	1061.40	271.10	34.30%
IN:ENRIN	Siemens Energy India Limited	3123.20	-168.40	-5.12%

Honeywell Automation India Limited Corporate Events

Honeywell Automation India Shuts Trading Window Ahead of Q2 Results

Sep 28, 2026

Honeywell Automation India Limited has announced that its trading window for dealing in the company’s equity shares will be closed from October 1, 2026 until 48 hours after it publishes financial results for the second quarter and half-year ending Se...

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.

Date of analysis: Aug 24, 2026

Honeywell Automation India Limited AI Stock Analysis