Honeywell Automation India Ltd, incorporated in the year 1984, is a Large Cap company with a market cap of Rs 38413.46 Crore, operating in Engineering sector.
Honeywell Automation India’s key Products/Revenue Segments include Electronic Components, Sale of services, Traded Goods, Other Operating Revenue and Scrap for the year ending 31-Mar-2020.
Investment Rationale
According to Edelweiss Securities, Honeywell Automation India’s growth in the past decade (11 per cent/13 per cent revenue/EBITDA CAGR) reflects a rising trend of greater reliance by parent on the Indian associate along with mandate for greater value addition, well reflecting in the company’s overall sales/exports and EBITDA. Rising mandates and an empowered Indian management reflect well in robust performance of the company over the past decade. It now accounts for 1.2 per cent of Honeywell Inc’s sales versus 0.8 per cent five years ago.
Financials
For the quarter ended 31-12-2020, the company has reported a Standalone Total Income of Rs 902.61 Crore, up 16.61 per cent from last quarter’s Total Income of Rs 774.05 Crore and down 1.93 per cent from last year same quarter’s Total Income of Rs 920.38 Crore. Company has reported net profit after tax of Rs 149.89 Crore in latest quarter.
