EN DE

Honeywell Automation India Limited (HONAUT) Fair Value & Analysis

Industrials · IN · Market cap ₹350B

HA Honeywell Automation India Limited HONAUT · NSE
Price₹36,400
Fair Value₹22,445
Upside-38.3%
Quality67/100
Watch Honeywell Automation India Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 11.2% net margin
generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 50/100
Evidence: High Range ₹16,834 – ₹27,555 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹12,470 to ₹22,445 (+80.0%) since Aug 6, 2026. Share price −6.6% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹27,555). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹58,359 ₹26,325 Fair Value ₹22,445 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹26,325 – ₹58,359 · fair‑value band ₹16,834 – ₹27,555 · the ₹36,400 price screens above the ₹22,445 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Honeywell Automation India Limited (HONAUT) currently trades at ₹36,400, while our model-based Fair Value estimate is ₹22,445, implying the stock looks roughly 38.3% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Honeywell Automation India Limited generated revenue of ₹46.8B at a net margin of 11.2%. Revenue grew 5.9% year over year. It earns a return on equity of 12.4%. The balance sheet holds a net cash position of ₹37.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹16,834 (bear case) to ₹27,555 (bull case); at ₹36,400, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -38%, HONAUT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹4,715 ₹5,701 ₹13,150 76
Growth DCF ₹13,373 ₹20,132 ₹32,013 72
Gordon GGM ₹1,010 ₹2,204 ₹3,709 70
All 26 models by family
DCF Models
FCF DCF ₹13,344 ₹20,385 ₹32,753 38
Owner Earnings ₹12,407 ₹18,719 ₹29,804 31
5Y Revenue Exit ₹10,967 ₹15,284 ₹20,977 39
5Y EBITDA Exit ₹11,338 ₹16,029 ₹21,730 41
5Y P/E Exit ₹13,016 ₹19,395 ₹26,507 38
10Y Revenue Exit ₹11,486 ₹15,849 ₹22,184 36
10Y EBITDA Exit ₹11,932 ₹16,399 ₹22,812 37
10Y P/E Exit ₹13,057 ₹18,883 ₹26,798 35
Earnings-Based
Graham-Dodd ₹4,038 ₹16,953 ₹23,129 54
Lynch FV ₹4,302 ₹6,146 ₹7,989 50
PEG = 1.0 ₹4,302 ₹6,146 ₹7,989 46
EPV ₹8,467 ₹9,201 ₹9,854 59
Dividend Discount
Gordon GGM ₹1,010 ₹2,204 ₹3,709 70
DDM Multi-Stage ₹1,010 ₹1,806 ₹2,297 61
Multiples
P/E Multiple ₹9,352 ₹12,470 ₹15,587 63
P/S Multiple ₹7,571 ₹10,094 ₹12,618 58
P/B Multiple ₹7,571 ₹10,094 ₹12,618 55
EV/EBIT ₹12,262 ₹14,914 ₹17,567 53
EV/EBITDA ₹10,982 ₹13,207 ₹15,433 54
EV/Revenue ₹9,984 ₹12,418 ₹14,852 43
Asset-Based
NCAV (Graham) ₹2,524 ₹3,382 ₹5,047 50
Growth DCF
Growth DCF ₹13,373 ₹20,132 ₹32,013 72
Rev-Margin DCF ₹10,967 ₹15,249 ₹20,621 67
Economic Profit
Residual Income ₹4,715 ₹5,701 ₹13,150 76
ROIC Compounder ₹8,783 ₹9,972 ₹11,334 67
Growth Earnings
Growth-Adj P/E ₹7,312 ₹10,445 ₹13,579 68

Widest divergence: DCF Models (₹16,399) versus Dividend Discount (₹1,806). Highest evidence: Residual Income (76).

Notify me when HONAUT reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹46.8B
Revenue growth (YoY) +5.9%
Net margin 11.2%
Return on equity 12.4%
Free cash flow ₹6.1B FY2026
P/E ratio 61.2
More key figures
Operating margin 14.4%
EPS (TTM) ₹594.82
EPS growth (YoY) +14.1%
Net cash ₹37.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 64

Profitability 47
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Honeywell Automation India Limited manufactures and sells industrial process control and automation systems in India and internationally. The company offers environmental and combustion controls, sensing and control solutions, and engineering services for the automation and control fields.

Full company description

Honeywell Automation India Limited manufactures and sells industrial process control and automation systems in India and internationally. The company offers environmental and combustion controls, sensing and control solutions, and engineering services for the automation and control fields. It also provides building solutions, including ground lighting, video analytics software, after-sales services, and maintenance plans for various control systems. In addition, the company builds management systems, such as controllers, field devices, and software solutions for healthy buildings and heating, ventilation, and air conditioning applications across various sectors, including pharmaceuticals, healthcare, government infrastructure, IT parks, residential complexes, industrial spaces, and hospitality sectors. Further, the company offers sensing solutions, such as pressure switches, airflow sensors, humidity and temperature sensors, and oxygen and breath sensors for the transportation, medical and healthcare, and defense and aerospace industries. Additionally, it provides for the trading of sensing, measurement, and control equipment, and provides installation, engineering, and repair and maintenance services for industrial control and automation systems. Honeywell Automation India Limited was incorporated in 1984 and is headquartered in Pune, India. Honeywell Automation India Limited is a subsidiary of Hail Mauritius Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Honeywell Automation India Limited reported revenue of ₹46.8B in FY2026 versus ₹29.5B in FY2022, a compound +12.3%/yr. Reported net income was ₹5.3B in FY2026, compounding +11.5%/yr from FY2022.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹46.8B
Latest YoY
+11.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.6%
Revenue +12.3%/yr
FY22 ₹29.5B
FY23 ₹34.5B
FY24 ₹40.6B
FY25 ₹41.9B
FY26 ₹46.8B
Net income +11.5%/yr
FY22 ₹3.4B
FY23 ₹4.4B
FY24 ₹5.0B
FY25 ₹5.2B
FY26 ₹5.3B
Character of growth · EPS growth decomposed (2016-2026) +15.2 % p.a.
Revenue per share +7.7 pp

of which total revenue +7.7 pp · buybacks/dilution +0.0 pp

EBIT margin −3.4 pp
Tax rate +2.9 pp
Residual (interest, one-offs) +8.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

HONAUT screens 38% overvalued. Compare with Contemporary Amperex Technology Co →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Honeywell Automation India Limited Fair Value". https://www.fairvalue-calculator.com/stock/HONAUT

Peer Group

Electrical Equipment & Parts · 529 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside −38% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 61.2× · Pricier than 75% of peers
P/B 7.84× · Pricier than 75% of peers
P/S (TTM) 7.47× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 51.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 30 · sector 58
PAST 49 · sector 26
HEALTH 0 · sector 97
DIVIDEND 5 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 206,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

Compare Honeywell Automation India Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Honeywell Automation India Limited (HONAUT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹22,445 versus a price of ₹36,400, about −38% (overvalued).
What is the fair value of HONAUT?
Our model-based fair value for Honeywell Automation India Limited is ₹22,445 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹36,400.
What is the quality score of HONAUT?
Honeywell Automation India Limited has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Honeywell Automation India Limited (HONAUT)?
Honeywell Automation India Limited reported trailing-twelve-month revenue of about ₹46.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HONAUT?
The net profit margin of Honeywell Automation India Limited is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Honeywell Automation India Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.