HONAUT
Honeywell Automation India share price & financials
- Price
- ₹38,955
- Market cap
- ₹30.6k Cr
- Sector
- Capital Goods
What Honeywell Automation India Limited does
Honeywell Automation India Limited (HAIL) is the Indian subsidiary of Honeywell International Inc., providing systems integration in Process Solutions and Building Solutions and distributing select Honeywell Building Management Systems and Sensing Solutions across India, aligned to Honeywell's global Industrial and Building Automation strategic business groups. It executes automation, digitalisation and cybersecurity projects for process industries (oil & gas, chemicals, power, metals & mining), advanced manufacturing and safe/secure infrastructure such as airports, alongside newer verticals like data centres, gigafactories, semiconductor plants and life sciences. The company also undertakes contract manufacturing and export of engineering services for global Honeywell group affiliates. Operations run out of its Pune (Hadapsar) head office and a manufacturing plant at Fulgaon, Pune.
Segments
- Process Solutions
- Building Solutions
- Distribution
- Manufacturing plant
- Fulgaon, Pune, Maharashtra
- Ultimate holding company
- Honeywell International Inc. (Charlotte, US)
- Honeywell Strategic Business Groups aligned to
- Industrial Automation and Building Automation
- Core business lines
- Process Solutions, Building Solutions, and distribution of Building Management & Sensing Solutions
- Geographic footprint
- India, plus exports and engineering services to Honeywell affiliates worldwide
- Key industry verticals served
- Oil & gas, chemicals & petrochemicals, power, metals & mining, infrastructure, data centres, gigafactories, semiconductors, life sciences
Quarterly results
Q1 FY27: revenue up 1.8%, net profit up 20.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,024 | 1,091 | 1,114 | 1,183 | 1,149 +12% | 1,169 +7% | 1,181 +6% | 1,204 +2% |
| EBITDA | 129 | 142 | 159 | 142 | 132 +2% | 148 +4% | 185 +16% | 172 +21% |
| Net profit | 115 | 132 | 140 | 125 | 120 +4% | 121 −8% | 160 +14% | 151 +21% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −4.8% 1Y
1Y: ₹36,325 on 10 Sept 2025 → ₹34,580. High ₹40,105 (29 Jul 2026), low ₹26,325 (30 Mar 2026).
Financials, as filed
Revenue grew 10.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.4k Cr | ₹4.1k Cr | ₹4.2k Cr | ₹4.7k Cr |
| Operating profit | ₹519 Cr | ₹590 Cr | ₹584 Cr | ₹607 Cr |
| Operating margin | 15.1% | 14.5% | 13.9% | 13.0% |
| Interest | ₹3 Cr | ₹4 Cr | ₹6 Cr | ₹9 Cr |
| Depreciation | ₹52 Cr | ₹55 Cr | ₹55 Cr | ₹54 Cr |
| Net profit | ₹438 Cr | ₹501 Cr | ₹523 Cr | ₹526 Cr |
| Net margin | 12.7% | 12.3% | 12.5% | 11.2% |
| Cash from operations | ₹410 Cr | ₹439 Cr | ₹426 Cr | ₹493 Cr |
| Free cash flow | ₹388 Cr | ₹407 Cr | ₹399 Cr | ₹460 Cr |
| ROCE | 20.0% | 20.0% | 18.0% | 17.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹2.6k Cr | ₹2.8k Cr | ₹3.2k Cr | ₹3.6k Cr | ₹4.2k Cr | ₹4.5k Cr |
| Borrowings | ₹74 Cr | ₹56 Cr | ₹36 Cr | ₹60 Cr | ₹93 Cr | ₹110 Cr |
| Other liabilities | ₹1.3k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Total liabilities | ₹4.0k Cr | ₹4.0k Cr | ₹4.5k Cr | ₹4.9k Cr | ₹5.7k Cr | ₹6.2k Cr |
| Fixed assets | ₹217 Cr | ₹181 Cr | ₹151 Cr | ₹170 Cr | ₹179 Cr | ₹202 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹6 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹3.7k Cr | ₹3.8k Cr | ₹4.3k Cr | ₹4.7k Cr | ₹5.6k Cr | ₹6.0k Cr |
| Total assets | ₹4.0k Cr | ₹4.0k Cr | ₹4.5k Cr | ₹4.9k Cr | ₹5.7k Cr | ₹6.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +1.18 pp while DIIs trimmed −0.84 pp. The shareholder count shrank 5% to 33,525.
- Promoters
- 75.0%
- FIIs
- 3.9%
- DIIs
- 11.3%
- Public
- 9.7%
Since Jun 2025
- FIIs +1.18 pp
- DIIs −0.84 pp
- Public −0.32 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 3.1%, DIIs 12.2%, Public 9.6%.Dec '23: Promoters 75.0%, FIIs 2.9%, DIIs 11.9%, Public 10.2%.Mar '24: Promoters 75.0%, FIIs 2.8%, DIIs 12.2%, Public 10.0%.Jun '24: Promoters 75.0%, FIIs 2.7%, DIIs 12.4%, Public 9.9%.Sep '24: Promoters 75.0%, FIIs 2.7%, DIIs 12.5%, Public 9.8%.Dec '24: Promoters 75.0%, FIIs 2.5%, DIIs 12.5%, Public 10.0%.Mar '25: Promoters 75.0%, FIIs 2.6%, DIIs 12.3%, Public 10.1%.Jun '25: Promoters 75.0%, FIIs 2.8%, DIIs 12.2%, Public 10.1%.Sep '25: Promoters 75.0%, FIIs 3.0%, DIIs 12.0%, Public 10.0%.Dec '25: Promoters 75.0%, FIIs 3.5%, DIIs 11.5%, Public 10.0%.Mar '26: Promoters 75.0%, FIIs 3.7%, DIIs 11.3%, Public 10.0%.Jun '26: Promoters 75.0%, FIIs 3.9%, DIIs 11.3%, Public 9.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Invesco India Manufacturing Fund Mutual fund newly disclosed 1.25% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Honeywell Automation India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| HAIL Mauritius Limited | 75.00% | unchanged |
| SBI Small Cap Fund Mutual fund | 6.10% | unchanged |
| Invesco India Manufacturing Fund Mutual fund | 1.25% | newly disclosed |
| Life Insurance Corporation Of India Insurer | 1.03% | unchanged |
| Invesco India Esg Integration Strategy Fund Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in HONAUT
Filings to Aug 2026
0 new, 5 added, 3 trimmed, 0 sold out — net −0.12 L shares (−2.2%).
- Held by funds
- ₹1.9k Cr
- 20 schemes
- Biggest holder
- SBI Smallcap Fund
- ₹1.1k Cr · 2.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Smallcap Fund SBI Mutual Fund | ₹1.1k Cr | held | Dec '25 |
| SBI Energy Opportunities Fund SBI Mutual Fund | ₹267 Cr | held | Jun '24 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹219 Cr | held | May '24 |
| SBI Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP) SBI Mutual Fund | ₹142 Cr | held | Jun '25 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹60 Cr | held | Jun '25 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹55 Cr | +0.08 L | May '26 |
| SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund | ₹37 Cr | held | Dec '24 |
| SBI Innovative Opportunities Fund SBI Mutual Fund | ₹27 Cr | −0.20 L | Aug '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
5 added, 3 trimmed — net −12,090 shares (−2.2%)
- Funds are sitting on
- +7%
- vs est. average cost
- Held by funds
- ₹1.9k Cr
- 20 schemes · ≈ 6.9% of the company
- Biggest holder
- SBI Smallcap Fund
- ₹1.1k Cr · 2.5% of that fund
- Longest holder
- Nippon India ETF Nifty Midcap 150
- 7y 8m · since Jan '19
Shares held by these funds +325%
Aug '23 5.59 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹34580, this stock must grow earnings at 36% every year for 7 years. Our analysis caps realistic growth at ~6%. At that growth it is worth ₹7605 — downside of 78%.
- Growth the price implies
- 35.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 6.3% a year
- net profit, FY23–FY26 · EPS 6.2%
- The gap
- 0.3 pp
- -78% downside if it only repeats history
Learn to analyse Honeywell Automation India Limited
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