Honeywell Automation India Limited (HONAUT) AI Stock Analysis

Honeywell Automation India Limited

(NSE:HONAUT)

Select Model

Rating:66Neutral

Price Target:INR 31,876.00▲(9.35% Upside)

Action:downgraded

Date:08/24/26

Strong financial performance from robust balance sheet and cash flows is the main positive driver, partially offset by high valuation and short-term technical weakness.

Positive Factors

Conservative Balance SheetMinimal leverage reduces financial risk and interest burden, giving HONAUT flexibility to withstand cyclical industrial spending and fund operations without relying heavily on external capital. The growing equity base and consistently healthy returns also support durable financial resilience.

Negative Factors

2026 Margin CompressionThe combination of higher revenue and weaker margins indicates that recent growth is producing less profit per unit of sales. If the unfavorable mix, pricing, or cost pressure persists, earnings growth could lag revenue and reduce operating resilience over the next several quarters.

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

Market Cap: INR 257.60B
Dividend Yield: 0.38%
Average Volume (3M): 604
Price to Earnings (P/E): 45.7
Beta (1Y): 0.83
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...

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: re...

Honeywell Automation India Limited Financial Statement Overview

Summary

Strong balance sheet with low debt and growing equity, supported by solid cash flow growth and conversion; income statement shows revenue expansion but faces gross margin compression.

Income Statement

72Positive

Balance Sheet

92Very Positive

Cash Flow

85Very Positive

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 Price29149.45

Price Trends

50DMA33716.37Negative

100DMA35817.97Negative

200DMA33509.67Negative

Market Momentum

MACD-1125.50Positive

RSI21.99Positive

STOCH11.81Positive

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 29149.45 is below the 20-day moving average (MA) of 31800.20, below the 50-day MA of 33716.37, and below the 200-day MA of 33509.67, indicating a bearish trend. The MACD of -1125.50 indicates Positive momentum. The RSI at 21.99 is Positive, neither overbought nor oversold. The STOCH value of 11.81 is Positive, 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:POWERINDIA	73Outperform	INR 1.23T	108.80	―	0.03%	40.17%	123.39%
IN:ABB	70Outperform	INR 1.36T	46.81	―	0.59%	7.92%	66.43%
IN:CGPOWER	70Outperform	INR 1.27T	93.83	―	0.16%	23.76%	25.93%
IN:HONAUT	66Neutral	INR 260.95B	45.69	―	0.38%	5.29%	9.53%
IN:ENRIN	62Neutral	INR 990.02B	70.34	―	0.14%	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SCHNEIDER	55Neutral	INR 261.42B	146.81	―	―	9.56%	-29.50%

* 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	29149.45	-7515.56	-20.50%
IN:ABB	ABB India Limited	6571.60	1413.67	27.41%
IN:CGPOWER	CG Power & Industrial Solutions Ltd	819.10	73.25	9.82%
IN:POWERINDIA	Hitachi Energy India Limited	28045.00	7519.99	36.64%
IN:SCHNEIDER	Schneider Electric Infrastructure Limited	1127.95	237.70	26.70%
IN:ENRIN	Siemens Energy India Limited	2931.00	-305.44	-9.44%

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 end...

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