Financials Honeywell Automation India Limited

Equities

HONAUT

INE671A01010

Electronic Equipment & Parts

Market Closed - Bombay S.E. 02:05:11 2024-05-18 am EDT 5-day change 1st Jan Change
53,700 INR +1.36% Intraday chart for Honeywell Automation India Limited +13.60% +45.82%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 196,714 229,445 419,235 350,184 322,121 468,400 - -
Enterprise Value (EV) 1 196,714 229,445 419,235 321,116 317,311 341,733 435,506 430,103
P/E ratio - 46.7 x 91.1 x 103 x 73.5 x 68.2 x 76.4 x 63 x
Yield - 0.29% 0.18% 0.23% 0.26% 0.27% 0.29% 0.29%
Capitalization / Revenue 6.2 x 6.97 x 13.8 x 11.9 x 9.34 x 8.42 x 9.96 x 8.49 x
EV / Revenue 6.2 x 6.97 x 13.8 x 10.9 x 9.2 x 8.42 x 9.26 x 7.79 x
EV / EBITDA - 31.3 x 71.2 x 74.1 x 61.2 x 58 x 60.6 x 48.8 x
EV / FCF - 84.8 x 133 x 128 x 83.1 x 122 x 108 x 77.5 x
FCF Yield - 1.18% 0.75% 0.78% 1.2% 0.82% 0.93% 1.29%
Price to Book - 10.5 x 16.3 x 12.3 x 10.1 x 13.2 x 11.4 x 9.9 x
Nbr of stocks (in thousands) 8,842 8,842 8,842 8,842 8,842 8,842 - -
Reference price 2 22,249 25,951 47,417 39,607 36,433 52,977 52,977 52,977
Announcement Date 5/13/19 5/22/20 5/31/21 5/12/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 31,747 32,900 30,428 29,483 34,476 40,582 47,025 55,201
EBITDA 1 - 7,340 5,889 4,332 5,189 5,894 7,192 8,813
EBIT 1 - - 5,403 3,808 4,670 5,357 6,566 8,174
Operating Margin - - 17.76% 12.91% 13.54% 13.2% 13.96% 14.81%
Earnings before Tax (EBT) 1 - - 6,180 4,576 5,913 6,749 8,187 9,934
Net income 1 - - 4,600 3,391 4,380 5,014 6,114 7,421
Net margin - - 15.12% 11.5% 12.7% 12.36% 13% 13.44%
EPS 2 - 555.9 520.3 383.6 495.4 567.1 693.0 841.1
Free Cash Flow 1 - 2,706 3,159 2,509 3,818 3,575 4,042 5,549
FCF margin - 8.23% 10.38% 8.51% 11.08% 8.68% 8.6% 10.05%
FCF Conversion (EBITDA) - 36.87% 53.63% 57.92% 73.59% 61.49% 56.21% 62.96%
FCF Conversion (Net income) - - 68.66% 73.99% 87.18% 72.47% 66.11% 74.78%
Dividend per Share 2 - 75.00 85.00 90.00 95.00 144.0 152.2 155.9
Announcement Date 5/13/19 5/22/20 5/31/21 5/12/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 8,742 6,727 6,832 7,372 - 8,600 6,680 - 7,862 7,942 10,175 8,497 9,323 9,523 11,453 10,101
EBITDA 1 1,876 1,292 1,166 1,074 - 1,219 873 - 1,219 1,277 1,304 1,388 1,206 1,312 1,641 1,705
EBIT - - - - - - - 1,829 - - - - - - 1,546 1,772
Operating Margin - - - - - - - - - - - - - - 13.5% 17.54%
Earnings before Tax (EBT) 1 2,020 - 1,236 1,138 - - 986.1 - 1,374 1,586 1,437 - 1,392 - - 1,945
Net income 1 1,499 - 915.3 852 1,767 897.3 726.7 - 1,020 1,179 1,070 1,120 1,034 1,172 1,385 1,436
Net margin 17.15% - 13.4% 11.56% - 10.43% 10.88% - 12.97% 14.85% 10.51% 13.18% 11.09% 12.31% 12.09% 14.21%
EPS 2 - - 103.5 96.36 - - - - - - 120.0 - 117.0 - 156.1 161.2
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 2/4/21 5/31/21 8/5/21 11/13/21 11/13/21 2/11/22 5/12/22 5/12/22 8/13/22 11/8/22 2/8/23 5/17/23 8/10/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 29,068 4,809 32,571 32,894 38,297
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 2,707 3,159 2,509 3,819 3,575 4,042 5,549
ROE (net income / shareholders' equity) - 25% 19.3% 12.5% 14.5% 14.7% 15.7% 16.6%
ROA (Net income/ Total Assets) - - - - 10.4% - - -
Assets 1 - - - - 42,306 - - -
Book Value Per Share 2 - 2,464 2,917 3,209 3,607 4,020 4,647 5,350
Cash Flow per Share - - - - 464.0 - - -
Capex 1 - 593 485 127 280 376 447 525
Capex / Sales - 1.8% 1.6% 0.43% 0.81% 0.91% 0.95% 0.95%
Announcement Date 5/13/19 5/22/20 5/31/21 5/12/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
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