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Honeywell Automation India Ltd

HONAUT
NSE
31,575.00
1.02%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Honeywell Automation India Ltd

HONAUT
NSE
31,575.00
1.02%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
27,917Cr
Close
Close Price
31,575.00
Industry
Industry
Electronics - Others
PE
Price To Earnings
55.26
PS
Price To Sales
6.05
Revenue
Revenue
4,616Cr
Rev Gr TTM
Revenue Growth TTM
14.65%
PAT Gr TTM
PAT Growth TTM
-5.02%
Peer Comparison
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Quarterly Results

Upcoming Results on
20 May 2026
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
8509321,1041,0719519601,0241,0911,1151,1831,1491,169
Growth YoY
Revenue Growth YoY%
27.218.639.05.311.93.0-7.31.917.223.212.37.1
Expenses
ExpensesCr
7118129669107818068959499551,0421,0181,021
Operating Profit
Operating ProfitCr
139121138161170154129142159142132148
OPM
OPM%
16.312.912.515.017.916.112.613.014.312.011.412.6
Other Income
Other IncomeCr
273340284244415047424434
Interest Expense
Interest ExpenseCr
111111122224
Depreciation
DepreciationCr
141414131413141414131313
PBT
PBTCr
152139164175197184155176190168161165
Tax
TaxCr
403642474948404450434144
PAT
PATCr
112103122128148137115132140125120121
Growth YoY
PAT Growth YoY%
54.11.43.420.632.332.0-5.63.3-5.6-8.73.8-8.3
NPM
NPM%
13.211.111.011.915.614.211.212.112.610.510.410.4
EPS
EPS
126.7117.0137.8144.6167.6154.3130.2149.3158.3140.9135.1137.1

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
2,4042,1882,4102,6903,1753,2903,0432,9483,4484,0584,1904,616
Growth
Revenue Growth%
-9.010.211.618.03.6-7.5-3.116.917.73.210.2
Expenses
ExpensesCr
2,1921,9702,1242,3262,6712,6542,4542,5152,9293,4693,6054,036
Operating Profit
Operating ProfitCr
212218286364503636589433519589585580
OPM
OPM%
8.810.011.913.515.919.319.414.715.114.513.912.6
Other Income
Other IncomeCr
-1824383371988482128143182167
Interest Expense
Interest ExpenseCr
0000376544710
Depreciation
DepreciationCr
171516151641495252545453
PBT
PBTCr
177226307381555687618458591675706684
Tax
TaxCr
6385138132196195158118153174182179
PAT
PATCr
114141169250359491460339438501524505
Growth
PAT Growth%
23.620.047.443.737.0-6.4-26.329.114.54.4-3.5
NPM
NPM%
4.86.57.09.311.314.915.111.512.712.412.510.9
EPS
EPS
129.2159.7191.7282.4405.9555.9520.3383.6495.4567.1592.1571.4

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
999999999999
Reserves
ReservesCr
8731,0131,1711,4101,7392,1692,5702,8283,1803,5974,0294,181
Current Liabilities
Current LiabilitiesCr
5917267589991,1061,1691,2751,1101,2271,2201,4581,451
Non Current Liabilities
Non Current LiabilitiesCr
101313143711099643569109101
Total Liabilities
Total LiabilitiesCr
1,4831,7621,9512,4322,8913,4573,9534,0114,4514,8955,6055,742
Current Assets
Current AssetsCr
1,1421,4591,6462,0712,5142,9573,5093,5814,0974,5395,2025,347
Non Current Assets
Non Current AssetsCr
341303305360376501444430354356403395
Total Assets
Total AssetsCr
1,4831,7621,9512,4322,8913,4573,9534,0114,4514,8955,6055,742

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
13166215263309330364264410439426
Investing Cash Flow
Investing Cash FlowCr
-14046-85-174-443-227-303-109-1292,006-14
Financing Cash Flow
Financing Cash FlowCr
-11-13-11-11-34-70-89-99-102-106-110
Net Cash Flow
Net Cash FlowCr
-13819912078-16834-28561792,339302
Free Cash Flow
Free Cash FlowCr
-24156203244286271317253388407399
CFO To PAT
CFO To PAT%
11.4117.8127.0105.386.067.179.277.793.687.581.4
CFO To EBITDA
CFO To EBITDA%
6.176.375.372.361.351.961.960.879.074.472.9

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
7,5207,6479,10514,90619,66822,94141,91635,01232,20734,16729,742
Price To Earnings
Price To Earnings
82.354.253.759.754.846.791.1103.273.267.856.5
Price To Sales
Price To Sales
3.13.53.85.56.27.013.811.99.38.47.1
Price To Book
Price To Book
8.57.57.710.511.310.516.312.310.19.47.3
EV To EBITDA
EV To EBITDA
34.433.429.838.736.633.868.376.357.553.345.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
43.541.746.047.948.150.149.747.646.843.039.2
OPM
OPM%
8.810.011.913.515.919.319.414.715.114.513.9
NPM
NPM%
4.86.57.09.311.314.915.111.512.712.412.5
ROCE
ROCE%
20.122.226.126.931.930.723.516.018.518.517.2
ROE
ROE%
12.913.814.417.620.522.617.811.913.713.913.0
ROA
ROA%
7.78.08.710.312.414.211.68.59.810.29.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Honeywell Automation India Limited (HAIL) is a key operational arm of Honeywell International Inc. in India, serving as a strategic hub for the company’s global Industrial and Building Automation initiatives. Aligned with Honeywell’s overarching megatrends—**automation, energy transition, and digital transformation**—HAIL operates under the **'Automation and Control Systems'** business segment as defined by Indian Accounting Standards (Ind-AS). Despite global portfolio simplification at the parent level, HAIL remains unaffected due to its focus on automation, with no overlap in Aerospace or Advanced Materials. With over 80 years of presence in India, HAIL employs approximately **13,000 people** across major cities including Bengaluru, Pune, Chennai, Hyderabad, and Gurugram. The company leverages three advanced manufacturing and engineering facilities and four global Centers of Excellence (CoE) to drive innovation, engineering services, and contract manufacturing for both domestic and international markets. --- ### **Core Business Segments & Offerings** #### **1. Process Solutions (HPS)** A global CoE for **end-to-end project execution** in process automation, safety systems, environmental controls, and industrial software. HPS delivers integrated solutions across: - Oil & Gas, Refining, Petrochemicals - Power, Water & Chemicals - Life Sciences, Pharmaceuticals, Metals & Mining - Renewable Energy (Hydrogen, Biogas, Ethanol) - Battery Energy Storage Systems (BESS) **Key Initiatives:** - **Digitization & Sustainability**: Leveraging Honeywell Forge and industrial IoT platforms for real-time data analytics, AI/ML, and lifecycle optimization. - **Energy Transition**: Offering automation solutions for **1G/2G ethanol, compressed biogas, green hydrogen**, and **carbon-neutral operations**. - **Project Execution**: Turnkey heat pump systems (e.g., pharmaceutical case study achieving **1,700 MT CO₂ reduction**), remote commissioning, and factory acceptance testing. - **Capex & Localization**: Investments in local engineering, R&D, and manufacturing to accelerate 'Make in India' goals and enhance cost competitiveness. The business is expanding into **underpenetrated Indian regions** via **OEM and channel partnerships**, with a strong focus on sustainability-driven projects in EMEA and APAC. --- #### **2. Building Solutions (HBS)** HAIL is a market leader in **smart, safe, and sustainable buildings** in India, delivering integrated automation systems through its **Enterprise Building Integrator™ (EBI)** platform. **Sectors Served:** - Airports, Metro Stations, Railways, and Safe Cities - Data Centers, IT Parks, Giga-Factories - Pharmaceuticals, Healthcare, Hospitality, and Residential **Key Offerings:** - Building Management Systems (BMS) with focus on **Healthy Buildings, HVAC, and energy optimization** - Integrated Security: Fire detection, access control, video analytics - **Airfield Ground Lighting (AGL)** systems for aviation safety - After-sales services, maintenance plans, and operations support **Growth Drivers:** - Government infrastructure push (ports, airports, Smart Cities, Nirbhaya Fund projects) - Surge in private investments in **data centers, semiconductors, and EV manufacturing** - Expansion in **connected buildings**, cybersecurity-hardened systems, and **analytics-driven energy efficiency** In 2021, HAIL secured a **₹496.57 crore Safe City project** across eight Indian cities, including Bengaluru, featuring AI-powered video analytics, drones, and a command center. --- #### **3. Honeywell Sensing & IoT Solutions (HSS / SST / AST)** Focused on high-reliability sensors and switches for mission-critical applications. Products include: - Pressure, airflow, temperature, and humidity sensors - Oxygen and breath sensors for medical devices - Safety sensors for **EVs, battery systems, defense, and aerospace** **Recent Developments:** - Expansion into **medical equipment, water management, and machine safety** - Strengthened **defense portfolio** with participation in government military programs - **Localization at Pune plant**: Enhanced supply chain resilience with in-house manufacturing of sub-components (e.g., stalk controls, pressure switches) - Digitized sales through **master distributor model**, application engineering support, and technology day events The sensing business has pivoted toward **emerging technologies** like electric mobility, green hydrogen, and connected healthcare. --- #### **4. Global Engineering Services & Contract Manufacturing** HAIL serves as a **global delivery hub** for Honeywell’s engineering and manufacturing needs. **Engineering Services:** - Full project lifecycle support: basic & detailed engineering, software development, commissioning, lifecycle services - Expertise in **process and building automation**, DevOps, Lean, and IIoT - Supports global Honeywell units with capabilities from **Pune-based Global Services** **Contract Manufacturing:** - Delivers high-quality, engineered-to-order products for Indian and international markets - Uses **Honeywell Accelerator framework** for Built-In Quality and Continuous Improvement - Focused on automation, capacity expansion, and localization to reduce costs and lead time This vertical has demonstrated resilience during global supply chain disruptions and continues to drive operational efficiency for Honeywell’s global businesses. --- ### **Digital & Sustainability Leadership** HAIL is advancing an **integrated, cross-industry IoT platform** built on its large installed base, delivering: - Real-time data analytics and AI-driven insights - Cybersecurity for Operational Technology (OT) - Sustainability monitoring and carbon footprint tracking - Enterprise-wide operational efficiency gains The company is enabling digital transformation across traditional (oil & gas, chemicals) and new-age sectors (datacenters, semiconductors, life sciences). Its **Honeywell Forge** and **Honeywell Accelerator** platforms support scalable, secure, and sustainable operations. --- ### **Strategic Focus Areas (2024–2025)** 1. **Industrial & Building Automation**: - Expansion in pharma, healthcare, and datacenter verticals - Commercial excellence: optimized sales, channel development, and pipeline growth 2. **Energy Transition**: - Automation for **renewables, biogas, hydrogen, and BESS** - Support for India’s energy security and decarbonization goals 3. **Localization & 'Make in India'**: - Product development, manufacturing, and supply chain localization - Increased focus on government defense and infrastructure programs 4. **Digital Transformation**: - Adoption of AI, IoT, cloud, and cybersecurity in industrial operations - Growth in software-as-a-service (SaaS) and connected solutions --- ### **Financial & Market Performance** - **FY 2023–24**: Achieved **record sales of ₹40,582 million** (17.7% YoY growth) with a **post-tax profit margin of 12.4%** - Strong order book and project pipeline in mission-critical sectors - Strategic capital and operational investments in automation, digitalization, and infrastructure --- ### **Leadership** - **Mr. Akshay Bellare**: President, Honeywell India (since Oct 2019), overseeing all SBGs in India - **Mr. Ashish Gaikwad**: Managing Director, HAIL & VP & GM, HPS India (since 2016), with 30 years of experience in process automation ---