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Honeywell Automation India

NSEI:HONAUT
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HONAUT
NSEI
₹210B
Market Cap
  1. Home
  2. IN
  3. Tech
Company description

Honeywell Automation India Limited provides automation and control systems in India and internationally. The last earnings update was 76 days ago. More info.


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HONAUT Share Price and Events
7 Day Returns
-0.7%
NSEI:HONAUT
-0.1%
IN Electronic
0.8%
IN Market
1 Year Returns
27.4%
NSEI:HONAUT
-8.6%
IN Electronic
-0.7%
IN Market
HONAUT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Honeywell Automation India (HONAUT) -0.7% 8.8% 7.4% 27.4% 149.9% 656.1%
IN Electronic -0.1% 5.5% 6.9% -8.6% 48.2% 132%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • HONAUT outperformed the Electronic industry which returned -8.6% over the past year.
  • HONAUT outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
HONAUT
Industry
5yr Volatility vs Market

Value

 Is Honeywell Automation India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Honeywell Automation India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Honeywell Automation India.

NSEI:HONAUT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:HONAUT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 35%) (0%))
1.045
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.045 * 8.6%)
16.54%

Discounted Cash Flow Calculation for NSEI:HONAUT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Honeywell Automation India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:HONAUT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.54%)
2019 2,601.80 Est @ 9.97% 2,232.56
2020 2,842.33 Est @ 9.24% 2,092.83
2021 3,090.64 Est @ 8.74% 1,952.72
2022 3,349.65 Est @ 8.38% 1,816.02
2023 3,622.02 Est @ 8.13% 1,685.01
2024 3,910.22 Est @ 7.96% 1,560.93
2025 4,216.58 Est @ 7.83% 1,444.35
2026 4,543.34 Est @ 7.75% 1,335.42
2027 4,892.70 Est @ 7.69% 1,234.02
2028 5,266.88 Est @ 7.65% 1,139.87
Present value of next 10 years cash flows ₹16,493.72
NSEI:HONAUT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹5,266.88 × (1 + 7.55%) ÷ (16.54% – 7.55%)
₹63,019.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹63,019.06 ÷ (1 + 16.54%)10
₹13,638.73
NSEI:HONAUT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹16,493.72 + ₹13,638.73
₹30,132.45
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹30,132.45 / 8.84
₹3408.06
NSEI:HONAUT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:HONAUT represents 0.99973x of BSE:517174
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99973x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 3,408.06 x 0.99973
₹3,407.14
Value per share (INR) From above. ₹3,407.14
Current discount Discount to share price of ₹23,801.45
= -1 x (₹23,801.45 - ₹3,407.14) / ₹3,407.14
-598.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Honeywell Automation India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Honeywell Automation India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Honeywell Automation India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:HONAUT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹376.71
BSE:517174 Share Price ** BSE (2019-04-18) in INR ₹23807.8
India Electronic Industry PE Ratio Median Figure of 23 Publicly-Listed Electronic Companies 19.39x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Honeywell Automation India.

NSEI:HONAUT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:517174 Share Price ÷ EPS (both in INR)

= 23807.8 ÷ 376.71

63.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Honeywell Automation India is overvalued based on earnings compared to the IN Electronic industry average.
  • Honeywell Automation India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Honeywell Automation India's expected growth come at a high price?
Raw Data
NSEI:HONAUT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 63.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2%per year
Asia Electronic Industry PEG Ratio Median Figure of 21 Publicly-Listed Electronic Companies 0.91x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Honeywell Automation India, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Honeywell Automation India's assets?
Raw Data
NSEI:HONAUT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹1,778.68
BSE:517174 Share Price * BSE (2019-04-18) in INR ₹23807.8
India Electronic Industry PB Ratio Median Figure of 44 Publicly-Listed Electronic Companies 0.92x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:HONAUT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:517174 Share Price ÷ Book Value per Share (both in INR)

= 23807.8 ÷ 1,778.68

13.39x

* Primary Listing of Honeywell Automation India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Honeywell Automation India is overvalued based on assets compared to the IN Electronic industry average.
X
Value checks
We assess Honeywell Automation India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Honeywell Automation India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Honeywell Automation India expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Honeywell Automation India, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Honeywell Automation India expected to grow at an attractive rate?
  • Honeywell Automation India's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Honeywell Automation India's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Honeywell Automation India's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:HONAUT Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:HONAUT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2%
India Electronic Industry Earnings Growth Rate Market Cap Weighted Average 2.3%
Asia Electronic Industry Revenue Growth Rate Market Cap Weighted Average 11%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:HONAUT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:HONAUT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 30,042 3,331
2018-09-30 29,139 3,097
2018-06-30 28,048 2,861
2018-03-31 26,900 2,629 2,497
2017-12-31 26,425 2,132
2017-09-30 25,947 2,150
2017-06-30 25,013 1,866
2017-03-31 24,101 2,152 1,695
2016-12-31 23,827 1,756
2016-09-30 23,095 1,431
2016-06-30 22,391 1,392
2016-03-31 21,876 1,664 1,412

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Honeywell Automation India's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Honeywell Automation India is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:HONAUT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Honeywell Automation India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HONAUT Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 376.71
2018-09-30 350.29
2018-06-30 323.56
2018-03-31 282.45
2017-12-31 241.11
2017-09-30 243.17
2017-06-30 211.08
2017-03-31 191.65
2016-12-31 198.66
2016-09-30 161.81
2016-06-30 157.43
2016-03-31 159.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Honeywell Automation India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Honeywell Automation India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Honeywell Automation India has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Honeywell Automation India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Honeywell Automation India's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Honeywell Automation India has delivered over 20% year on year earnings growth in the past 5 years.
  • Honeywell Automation India's 1-year earnings growth exceeds its 5-year average (56.2% vs 27.6%)
  • Honeywell Automation India's earnings growth has exceeded the IN Electronic industry average in the past year (56.2% vs 34.1%).
Earnings and Revenue History
Honeywell Automation India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Honeywell Automation India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HONAUT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30,042.30 3,330.90 5,230.10
2018-09-30 29,139.20 3,097.30 5,004.90
2018-06-30 28,048.20 2,860.70 4,802.70
2018-03-31 26,899.80 2,497.30 4,783.20
2017-12-31 26,424.60 2,132.20 4,816.00
2017-09-30 25,947.20 2,149.80 4,770.90
2017-06-30 25,013.20 1,866.30 4,382.00
2017-03-31 24,100.70 1,694.50 4,429.90
2016-12-31 23,826.60 1,755.60 4,260.50
2016-09-30 23,095.20 1,430.60 4,158.60
2016-06-30 22,390.90 1,391.90 4,037.70
2016-03-31 21,876.20 1,411.90 3,862.80
2015-12-31 20,560.20 1,176.50 7,053.30
2015-09-30 20,600.50 1,086.10 7,019.20
2015-06-30 20,626.50 972.10 7,021.40
2015-04-01 19,965.50 886.20 3,815.70
2014-12-31 19,701.80 1,070.90 3,436.70
2014-09-30 18,175.50 1,129.40 5,656.50
2014-06-30 17,415.60 970.20 5,575.50
2014-03-31 17,287.00 964.60 5,524.30
2013-12-31 17,069.90 861.60 5,517.90
2013-09-30 17,088.00 930.10 5,174.30
2013-06-30 16,807.50 1,002.00 5,156.00
2013-03-31 16,335.20 838.90 5,093.80
2012-12-31 16,607.30 851.70 5,186.30
2012-09-30 17,081.96 833.23 4,555.17
2012-06-30 17,124.96 778.43 4,538.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Honeywell Automation India has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Honeywell Automation India used its assets more efficiently than the IN Electronic industry average last year based on Return on Assets.
  • Honeywell Automation India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Honeywell Automation India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Honeywell Automation India has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Honeywell Automation India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Honeywell Automation India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Honeywell Automation India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Honeywell Automation India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Honeywell Automation India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Honeywell Automation India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Honeywell Automation India Company Filings, last reported 3 months ago.

NSEI:HONAUT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,726.30 0.00 11,124.00
2018-09-30 15,726.30 0.00 11,124.00
2018-06-30 14,186.80 0.00 9,189.60
2018-03-31 14,186.80 0.00 9,189.60
2017-12-31 12,967.90 0.00 7,452.60
2017-09-30 12,967.90 0.00 7,452.60
2017-06-30 11,802.80 0.00 6,814.50
2017-03-31 11,802.80 0.00 6,609.90
2016-12-31 10,921.70 0.00 4,848.80
2016-09-30 10,921.70 0.00 4,848.80
2016-06-30 10,097.40 0.00 4,520.20
2016-03-31 10,220.10 0.00 4,503.00
2015-12-31 9,603.60 0.00 4,066.40
2015-09-30 9,603.60 0.00 4,066.40
2015-06-30 8,818.70 0.00 2,946.40
2015-04-01 8,966.10 0.00 2,933.60
2014-12-31
2014-09-30 8,351.70 0.00 3,143.30
2014-06-30 8,351.70 0.00 3,143.30
2014-03-31 7,809.70 0.00 3,107.60
2013-12-31 7,809.70 0.00 3,107.60
2013-09-30 7,484.90 0.00 2,058.60
2013-06-30 7,484.90 0.00 2,058.60
2013-03-31 7,051.50 0.00 1,487.70
2012-12-31 7,051.50 0.00 1,487.70
2012-09-30 6,585.60 0.00 1,708.50
2012-06-30 6,585.60 0.00 1,708.50
  • Honeywell Automation India has no debt.
  • Honeywell Automation India has not taken on any debt in the past 5 years.
  • Honeywell Automation India has no debt, it does not need to be covered by operating cash flow.
  • Honeywell Automation India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Honeywell Automation India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Honeywell Automation India has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Honeywell Automation India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.13%
Current annual income from Honeywell Automation India dividends.
If you bought ₹2,000 of Honeywell Automation India shares you are expected to receive ₹3 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Honeywell Automation India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Honeywell Automation India's dividend is below the markets top 25% of dividend payers in India (1.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:HONAUT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Electronic Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:HONAUT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-11 32.000 0.150
2017-05-25 10.000 0.064
2016-05-17 10.000 0.105
2015-07-21 12.500 0.141
2014-04-09 10.000 0.173
2014-02-06 10.000 0.368
2013-04-11 10.000 0.403
2013-02-06 10.000 0.393
2012-02-09 10.000 0.382
2011-02-09 10.000 0.439
2010-03-02 10.000 0.389
2010-02-01 10.000 0.433
2009-10-15 0.000 0.000
2009-07-31 0.000 0.000
2009-04-22 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Honeywell Automation India is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • Honeywell Automation India is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Honeywell Automation India's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Honeywell Automation India's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Honeywell Automation India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Honeywell Automation India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Honeywell Automation India has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Honeywell Automation India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
M. Gaikwad
COMPENSATION ₹27,562,000
AGE 49
TENURE AS CEO 2.5 years
CEO Bio

Mr. M. Ashish Gaikwad has been Managing Director and Additional Director at Honeywell Automation India Limited since October 1, 2016 and serves as Head of Process Solutions. Mr. Gaikwad served as General Manager of Advanced Solutions Business for Asia Pacific Region at Honeywell Automation India Limited until October 1, 2016. Mr. Gaikwad served as Director for Advanced Solutions Business for Asia Pacific of Honeywell Automation India Ltd. Mr. Gaikwad served as Application Engineer at CMC Ltd. He holds B.E. (Hons) in (Elec. & Elect. Engg).

CEO Compensation
  • M.'s compensation has increased by more than 20% in the past year.
  • M.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Honeywell Automation India management team in years:

1.9
Average Tenure
49
Average Age
  • The average tenure for the Honeywell Automation India management team is less than 2 years, this suggests a new team.
Management Team

M. Gaikwad

TITLE
MD, Head of Process Solutions & Non-Independent Executive Director
COMPENSATION
₹28M
AGE
49
TENURE
2.5 yrs

Farah Irani

TITLE
Compliance Officer & Secretary
COMPENSATION
₹2M
TENURE
1.9 yrs

Amit Tantia

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Amita Rajora

TITLE
Acting Legal Leader

Abhishek Kumar

TITLE
Head of Human Resources

Anant Kelkar

TITLE
Head of Global Services
COMPENSATION
₹8M
AGE
57

Aseem Joshi

TITLE
Head of Building Solutions
COMPENSATION
₹10M
AGE
41

K. Shashikant

TITLE
Commercial Head of Environmental & Energy Solutions
AGE
49

Nikhil Thakkar

TITLE
Head of Audit & Internal Controls

Gajanan Lahane

TITLE
Head of Global Manufacturing
Board of Directors Tenure

Average tenure and age of the Honeywell Automation India board of directors in years:

2.7
Average Tenure
49
Average Age
  • The average tenure for the Honeywell Automation India board of directors is less than 3 years, this suggests a new board.
Board of Directors

Suresh Senapaty

TITLE
Independent Non-Executive Chairman
COMPENSATION
₹3M
AGE
61
TENURE
3.1 yrs

M. Gaikwad

TITLE
MD, Head of Process Solutions & Non-Independent Executive Director
COMPENSATION
₹28M
AGE
49
TENURE
2.5 yrs

Nisha Gupta

TITLE
Non-Independent Non-Executive Director
AGE
49
TENURE
5 yrs

Srinath Narasimhan

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
TENURE
4.7 yrs

Vikas Chadha

TITLE
Non-Executive Director
COMPENSATION
₹10M
AGE
47
TENURE
2.7 yrs

Brian Buffington

TITLE
Non-Executive Director
AGE
44
TENURE
1.2 yrs

Neera Saggi

TITLE
Non-Executive & Independent Director
AGE
62
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Honeywell Automation India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Honeywell Automation India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Honeywell Automation India Limited (NSE:HONAUT) A High Quality Stock To Own?

Our data shows Honeywell Automation India has a return on equity of 21% for the last year. … View our latest analysis for Honeywell Automation India? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Honeywell Automation India Limited's (NSE:HONAUT) CEO Pay Compare Well With Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … Gaikwad's Compensation Compare With Similar Sized Companies. … According to our data, Honeywell Automation India Limited has a market capitalization of ₹197b, and pays its CEO total annual compensation worth ₹28m?

Simply Wall St -

Announcing: Honeywell Automation India Stock Soared An Exciting 726% In The Last Five Years

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Honeywell Automation India managed to grow its earnings per share at 31% a year. … This EPS growth is slower than the share price growth of 53% per year, over the same period.

Simply Wall St -

Does Honeywell Automation India Limited's (NSE:HONAUT) 44% Earnings Growth Make It An Outperformer?

When Honeywell Automation India Limited's (NSE:HONAUT) announced its latest earnings (30 September 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Honeywell Automation India's average earnings over the past couple of years, and its industry performance. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 26%, indicating the rate at which HONAUT is growing has accelerated

Simply Wall St -

Despite Its High P/E Ratio, Is Honeywell Automation India Limited (NSE:HONAUT) Still Undervalued?

We'll look at Honeywell Automation India Limited's (NSE:HONAUT) P/E ratio and reflect on what it tells us about the company's share price. … Honeywell Automation India has a P/E ratio of 61.71, based on the last twelve months. … How Do I Calculate Honeywell Automation India's Price To Earnings Ratio

Simply Wall St -

Boasting A 20% Return On Equity, Is Honeywell Automation India Limited (NSE:HONAUT) A Top Quality Stock?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Honeywell Automation India Limited (NSE:HONAUT). … Our data shows Honeywell Automation India has a return on equity of 20% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Honeywell Automation India Limited (NSE:HONAUT): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Honeywell Automation India is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Did Honeywell Automation India Limited (NSE:HONAUT) Create Value For Shareholders?

With an ROE of 17.60%, Honeywell Automation India Limited (NSE:HONAUT) outpaced its own industry which delivered a less exciting 11.09% over the past year. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … See our latest analysis for Honeywell Automation India

Simply Wall St -

Is Honeywell Automation India Limited (NSE:HONAUT) A Financially Strong Company?

Mid-caps stocks, like Honeywell Automation India Limited (NSE:HONAUT) with a market capitalization of ₹161.80b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Check out our latest analysis for Honeywell Automation India

Simply Wall St -

How To Take Advantage Of Honeywell Automation India Limited (NSE:HONAUT) In A Bear Market

Honeywell Automation India Limited is a financially healthy and robust stock with a proven track record of outperformance. … We all know Honeywell Automation India, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … Honeywell Automation India Limited provides automation and control systems in India and internationally

Simply Wall St -

Company Info

Description

Honeywell Automation India Limited provides automation and control systems in India and internationally. The company offers distributed control systems, transmitters, programmable logic controllers, emergency shutdown systems, quality controls systems, advanced software solutions, industrial Internet of things solutions, and comprehensive lifecycle services. It also provides building management systems, fire detection and alarm systems, access control systems, video surveillance systems, integrated security systems, and integrated building management systems, as well as aftermarket services for various control systems; and comprehensive utilities’ operations and maintenance services for mechanical and electrical systems in buildings. In addition, the company offers products in environmental and combustion controls, and sensing and control, as well as engineering services in the field of automation and control. The company was incorporated in 1984 and is based in Pune, India. Honeywell Automation India Limited was formerly a subsidiary of Honeywell Asia Pacific Inc. Honeywell Automation India Limited operates as a subsidiary of Honeywell International Inc. (NYSE:HON).

Details
Name: Honeywell Automation India Limited
HONAUT
Exchange: NSEI
Founded: 1984
₹210,497,211,279
8,841,523
Website: http://www.honeywell.com/worldwide/en-in/hail
Address: Honeywell Automation India Limited
56 & 57, Hadapsar Industrial Estate,
Pune,
Maharashtra, 411013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 517174 Equity Shares Mumbai Stock Exchange IN INR 13. May 1996
NSEI HONAUT Equity Shares National Stock Exchange of India IN INR 13. May 1996
Number of employees
Current staff
Staff numbers
3,205
Honeywell Automation India employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 12:52
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.