Honeywell Automation India Ltd(HONAUT)

NSE: HONAUTBSE: 517174

₹ 31,460+0.61%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 27,815 crNext results: 27 Oct 2026Website: www.honeywell.com/in/enUpdated: 24 Oct 2026

About

Honeywell Automation India Ltd (HAIL) provides industrial automation and building automation solutions, spanning systems integration in process industries, building management systems, and sensing and distribution businesses. In FY2025-26 the company reported revenue of ₹46,819 million, a 12% increase year-on-year, with domestic business contributing 67% of revenue and exports 33%. HAIL is a subsidiary of Honeywell Inc. and, following the parent's portfolio simplification completed on 29 June 2026, sits within the newly formed Honeywell Technologies pure-play automation entity.^[1][2]

Business segments

Process Solutions: systems integration for industrial process automation across refineries, chemicals, and related end-markets.^[3]
Building Solutions: systems integration for building management, fire, gas, and security automation.^[3]
Sensing and distribution businesses: distribution of building management systems (BMS) and sensing solutions, rounding out the four-part portfolio.^[3]

Revenue mix

Domestic revenue was 67% of total in FY2025-26, up from 65% in FY2024-25 and 58% in FY2023-24, reflecting a sustained shift toward domestic business.^[1]
Export revenue was 33% of total in FY2025-26, down from 35% in FY2024-25 and 42% in FY2021-22, continuing a multi-year declining trend.^[1]
Exports are predominantly engineering services and contract manufacturing through an asset-light model.^[1]

Key operating numbers

Revenue grew 12% YoY to ₹46,819 million in FY2025-26, versus 3% YoY growth (10% adjusted) to ₹41,896 million in FY2024-25.^[1][3]
Free cash flow grew 15% YoY to ₹4,600 million in FY2025-26, compared with a 2% YoY decline to ₹3,986 million in FY2024-25.^[1][3]
Net worth rose 11% YoY to ₹44,627 million at end-FY2025-26, up from ₹40,382 million at end-FY2024-25.^[1][3]

Customers and end-markets

Traditional verticals include refineries, chemicals, airports, power plants, and commercial buildings.^[3]
New-age verticals targeted include data centres, semiconductor factories, gigafactories, new energy (green hydrogen, solar PV), pharma, and life sciences.^[3]
Intra-group exports to Honeywell affiliates are material: engineering services of ₹3,615 million to Honeywell International Inc. and ₹3,642 million to Honeywell Middle East B.V. were recorded in FY2024-25.^[3]

Strategy and growth initiatives

Management targets revenue growth at approximately 2x India GDP as a formal strategic priority.^[1]
Install-base monetisation through connected services, software, and lifecycle management is a central organic growth lever.^[1]
HAIL is building India-specific connected and AI-enabled engineered solutions to drive an automation-to-autonomy transition.^[1]
An IoT platform is being deployed across the existing install base targeting operational efficiency, sustainability, OT cybersecurity, and AI/ML analytics.^[3]

Recent project wins

Won an integrated ELV package for the first semiconductor plant of an Indian conglomerate in FY2025-26.^[1]
Deployed the first fully integrated Energy Management System (EMS) at a renewable energy facility in FY2025-26.^[1]
Won integrated plant surveillance and security automation for a giga manufacturing facility in FY2025-26.^[1]
Earlier wins (FY2024-25) included a pilot green hydrogen electrolyser power plant, airfield ground lighting for multiple airports, building automation for a lithium-ion gigafactory, and OT cybersecurity for power plants.^[3]

Parent restructuring

Honeywell Inc. completed its portfolio simplification on 29 June 2026, forming three focused companies; HAIL sits within Honeywell Technologies, the pure-play automation and controls entity.^[1]
Management expects India to receive larger mindshare and strategic synergies within the simplified Honeywell Technologies structure.^[1]
The Aerospace and Advanced Materials (Solstice) companies formed in the split have no portfolio overlap with HAIL.^[3]

Market Cap

₹27,815 Cr

High / Low

₹41,470 / 26,250

Stock P/E

51.5

Price / Book

6.4

Book Value

₹5,047

EPS

₹593.8

No. of Shares

0.88 Cr

ROCE

16.8%

ROE

12.3%

OPM

15.0%

Debt / Equity

0.00

Sales

₹4,682 Cr

Net Profit

₹525 Cr

Promoter holding

75.0%

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