As of 6 Nov 2026, Honeywell Automation India trades at 47.0× trailing earnings, above the industry P/E of 30.0×, and the shares are 28% below their 52-week high. Sales and net profit grew 11% and 6.2% a year over 3 years; its ROCE of 16% is the lowest among the 7 largest Electrical Equipment & Parts peers. It carries very little debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹26,613 Cr, ranked 7th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 17% over the past year.
- ₹30,320.00
- ₹30,320.00
- ₹29,420.00
- ₹30,320.00
- 3.6K
Health check
- ReturnsBehind
−17.5% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 47.0 vs industry 30.0.
- GrowthSlow
Sales +10.9%, profit +6.2% a year over 3 years.
- ProfitabilityWeak
ROCE 15.7% vs peer median 24.8%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags1 to check
P/E of 47.0 against an industry P/E of 30.0.
Small cap
Defensive
Key metrics
- Market cap
- ₹26,613 Cr
- Small cap
- P/E
- 47.0
- Industry 30.0
- Price to book
- 5.70
- Peers 9.06
- Dividend yield
- 0.37%
- ROE
- 12.8%
- Peers 20.6%
- ROCE
- 15.7%
- Peers 24.8%
- Debt to equity
- 0.02
- Debt ₹100 Cr
- EPS (TTM)
- ₹639.35
- Face value ₹10
- OPM (TTM)
- 13.8%
- Net margin 11.8%
- Sales growth
- +6.5%
- Latest quarter vs a year ago
- Profit growth
- +11.9%
- Latest quarter vs a year ago
- Price to sales
- 5.57
- EV/EBITDA 35.7
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 47.0 against an industry P/E of 30.0.
About Honeywell Automation India
Honeywell Automation India Limited manufactures and sells industrial process control and automation systems in India and internationally. The company offers environmental and combustion controls, sensing and control solutions, and engineering services. It also provides building solutions, including advanced airfield ground lighting systems, visual docking and guiding systems, Navitas software for airport operations, after-sales services, and maintenance…
- Headquarters
- Pune
- Employees
- 3,167
- Sector
- Industrials
- ISIN
- INE671A01010
- Website
- honeywell.com
Price range
- Avg volume (3M)
- 4K
- 1-year return
- minus 17.5%
- From 52-week high
- minus 27.5%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| SCHNEIDERSchneider Electric Infrastructure | 1,063.40 | minus 6.37% | 25,426 | 157.8 | 68.0 | 24.8% | 11.5% | 0.71 | 17.6% | plus 27.6% |
| Median of 7 peers | – | −1.80% | 70,789 | 42.6 | 30.7 | 24.8% | 11.5% | 0.02 | 19.1% | 8.2% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,183 | 1,169 | 1,181 | 1,204 | 1,224 | |
| 1,042 | 1,021 | 996 | 1,032 | 1,069 | |
| 142 | 148 | 185 | 173 | 155 | |
| 12.0% | 12.6% | 15.7% | 14.3% | 12.7% | |
| 41.8 | 45.5 | 47.5 | 46.4 | 42 | |
| 1.9 | 4.1 | 1.4 | 2.3 | 1.7 | |
| 13.4 | 12.7 | 14.7 | 13.5 | 14.5 | |
| – | −11.4 | −0.9 | – | – | |
| 168 | 165 | 215 | 203 | 181 | |
| 25.8% | 26.5% | 25.8% | 25.8% | 26.1% | |
| 125 | 121 | 160 | 151 | 134 | |
| 140.95 | 137.08 | 180.60 | 170.45 | 151.17 |
Profit & loss
- Sales CAGR 3Y
- +10.9%
- Profit CAGR 3Y
- +6.2%
- EPS CAGR 3Y
- +6.2%
- ROE
- 12.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,432 | 4,055 | 4,182 | 4,679 | |
| – | +18.2% | +3.1% | +11.9% | |
| 2,893 | 3,442 | 3,560 | 4,036 | |
| 539 | 613 | 622 | 643 | |
| 15.7% | 15.1% | 14.9% | 13.7% | |
| 126 | 137 | 176 | 173 | |
| 4 | 3.6 | 6.7 | 9.7 | |
| 51.9 | 53.7 | 54.4 | 53.7 | |
| −17.6 | −17.7 | −31.8 | −43.7 | |
| 591 | 675 | 706 | 709 | |
| 25.9% | 25.7% | 25.8% | 25.9% | |
| 438 | 501 | 524 | 525 | |
| – | +14.5% | +4.4% | +0.3% | |
| 495.40 | 567.13 | 592.15 | 593.81 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.8 | 8.8 | 8.8 | 8.8 | |
| 3,180 | 3,597 | 4,029 | 4,454 | |
| 36.3 | 59.6 | 101 | 111 | |
| 1,226 | 1,229 | 1,466 | 1,656 | |
| 4,451 | 4,895 | 5,605 | 6,229 | |
| 153 | 172 | 205 | 205 | |
| 2.4 | 1.9 | 3.2 | 2.9 | |
| 14.6 | 26.2 | 11.7 | 15.2 | |
| 2,385 | 2,822 | 3,293 | 3,805 | |
| 1,895 | 1,873 | 2,093 | 2,201 | |
| 4,451 | 4,895 | 5,605 | 6,229 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 410 | 439 | 426 | 493 | |
| −129 | 2,006 | −14.2 | −2,964 | |
| −102 | −106 | −110 | −116 | |
| 179 | 2,339 | 302 | −2,587 | |
| −28.1 | −32 | −27.9 | −33 | |
| 382 | 407 | 398 | 460 | |
| −79.6 | −84 | −88.4 | −92.8 |
Shareholding pattern
- Promoters75.00%
- Public25.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 75.00% | 25.00% | 0.00 | |
| 30 Jun 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Mar 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Dec 2025 | 75.00% | 25.00% | 0.00 | |
| 30 Sep 2025 | 75.00% | 25.00% | – |
Major shareholders
Filings & events
News
No recent news coverage found.