Honeywell Automation India Limited (HONAUT) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Honeywell Automation India Limited ₹44,890, price ₹33,470, upside +34.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹26,251 – ₹58,194 · fair‑value band ₹33,668 – ₹55,109 · the ₹33,470 price screens below the ₹44,890 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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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.
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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.
Stock analysis
Honeywell Automation India Limited (HONAUT) currently trades at ₹33,470, while our model-based Fair Value estimate is ₹44,890, implying the stock looks roughly 25.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹15,643 per share, and 0 of the 26 models we run sit above the ₹33,470 price.
Bear case: the Economic Profit group reads lowest at ₹5,308, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹33,668 (bear) to ₹55,109 (bull), the price of ₹33,470 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap ₹296B (≈ $3.1B) · P/E ratio 53.7 · P/S ratio 6.02 · EPS (TTM) ₹623.12 · Dividend yield 0.3% · Net margin 11.2% · Return on equity 12.4% · Return on assets (EBIT) 17.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 34%, HONAUT screens cheaper than that median.
Fair Value models
Bear ₹33,668Fair Value ₹44,890Bull ₹55,109
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹317.54 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2021 (pandemic). Over 10 years: +7.9% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.7%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.7% vs 14.0%, slowing
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 12%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +21.9% a year for the price and +7.1% for the forecasts.
Compare Honeywell Automation India Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electrical Equipment & Parts · 532 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+34.1% · Top 25%
Profitability
Return on equity (TTM)12.4% · Above median
Return on assets5.9% · Above median
Net margin (TTM)11.7% · Top 25%
Operating margin (TTM)13.2% · Top 25%
Growth and dividend
Revenue growth1.8% · Below median
Dividend yield (TTM)0.3% · Bottom 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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
Frequently asked questions
Is Honeywell Automation India Limited (HONAUT) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹44,890 versus a price of ₹33,470, about +34% upside (undervalued).
What is the fair value of HONAUT?
Our model-based fair value for Honeywell Automation India Limited is ₹44,890 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹33,470.
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 price target for Honeywell Automation India Limited (HONAUT)?
Our model-based price target is the fair value of ₹44,890 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹33,668, optimistic scenario ₹55,109. It is a calculation from audited fundamentals, not an analyst target.
What is the Honeywell Automation India Limited stock forecast for 2026?
Our models put fair value at ₹44,890, about +34% upside versus a price of ₹33,470 (undervalued). Cautious scenario ₹33,668, optimistic scenario ₹55,109. The calculation is refreshed regularly with new filings.
What is the revenue of Honeywell Automation India Limited (HONAUT)?
Honeywell Automation India Limited reported trailing-twelve-month revenue of about ₹47.0B (latest available figure, as of Oct 1, 2026).
Does Honeywell Automation India Limited pay a dividend?
Honeywell Automation India Limited currently shows a dividend yield of about 0.31% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Honeywell Automation India Limited (HONAUT)?
For today's price to be fair in a discounted-cash-flow model, Honeywell Automation India Limited would have to grow free cash flow by +27.0 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of HONAUT use?
Our models discount Honeywell Automation India Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.50, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Honeywell Automation India Limited that is +27.0 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Honeywell Automation India Limited (HONAUT) delivered so far?
Over the past 5 years revenue at Honeywell Automation India Limited grew +9.0 % a year. The price currently implies +27.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Honeywell Automation India Limited (HONAUT) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into Honeywell Automation India Limited (+27.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Honeywell Automation India Limited (HONAUT)?
The free-cash-flow yield on the price is 2.06 %: that much free cash flow Honeywell Automation India Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Honeywell Automation India Limited (HONAUT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Honeywell Automation India Limited it is ₹44,890 per share (as of Oct 1, 2026), against a price of ₹33,470. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Honeywell Automation India Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, HONAUT trades below its calculated fair value: price ₹33,470, fair value ₹44,890, a gap of about +34% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HONAUT?
No. The price is what the market pays today (₹33,470); the fair value is what the company's own numbers justify (₹44,890). For Honeywell Automation India Limited the two are ₹11,420 per share apart. That gap is exactly why we show both numbers side by side.
How much is Honeywell Automation India Limited worth?
The market values Honeywell Automation India Limited at about ₹296B (market capitalisation, as of Oct 1, 2026). Per share that is ₹33,470; our models calculate a fair value of ₹44,890 per share.
What do the bullish and bearish scenarios say about HONAUT?
Our models span a range for Honeywell Automation India Limited: cautious scenario ₹33,668, base ₹44,890, optimistic ₹55,109 per share (as of Oct 1, 2026, price ₹33,470). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HONAUT?
Honeywell Automation India Limited trades at a price-to-earnings ratio of 53.7 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹44,890 is built from several models across several years. Other multiples: P/B 6.6, P/S 6.3, EV/EBITDA 41.9.
How solid is the balance sheet of Honeywell Automation India Limited (HONAUT)?
Balance-sheet figures for Honeywell Automation India Limited (as of Oct 1, 2026): return on equity 12.4%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is HONAUT from its 52-week high?
Honeywell Automation India Limited trades at ₹33,470, about 17% below its 52-week high of ₹40,105 and 28% above the low of ₹26,251 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹44,890 is for.
Which stocks are comparable to Honeywell Automation India Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Honeywell Automation India Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹33,470, calculated fair value ₹44,890 (+34%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HONAUT calculated?
We run Honeywell Automation India Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹44,890, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1 % above its aggregate fair value. Honeywell Automation India Limited currently trades 25 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Honeywell Automation India Limited (HONAUT)?
The closing price on Oct 1, 2026 was ₹33,470. Our model-based fair value is ₹44,890, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Honeywell Automation India Limited right now?
Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Honeywell Automation India Limited (HONAUT) come from?
Earnings per share at Honeywell Automation India Limited grew +15.2 % a year from 2016 to 2026. Broken into its drivers: revenue per share +7.7 %, EBIT margin −3.4 %, tax rate +2.9 %, residual (interest, one-offs) +7.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Honeywell Automation India Limited
How large is the market capitalisation of Honeywell Automation India Limited (HONAUT)?
The market capitalisation of Honeywell Automation India Limited is ₹296B (≈ $3.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Honeywell Automation India Limited (HONAUT)?
The price-to-sales ratio of Honeywell Automation India Limited is 6.02 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Honeywell Automation India Limited (HONAUT)?
Earnings per share at Honeywell Automation India Limited are ₹623.12 (price ÷ EPS = P/E 53.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Honeywell Automation India Limited (HONAUT)?
The dividend yield of Honeywell Automation India Limited is 0.3% (payout 16.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Honeywell Automation India Limited (HONAUT)?
The net margin of Honeywell Automation India Limited is 11.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Honeywell Automation India Limited (HONAUT)?
The return on equity (ROE) of Honeywell Automation India Limited is 12.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Honeywell Automation India Limited (HONAUT)?
On an EBIT basis the return on assets of Honeywell Automation India Limited is 17.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Honeywell Automation India Limited (HONAUT)?
The operating margin of Honeywell Automation India Limited is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Honeywell Automation India Limited (HONAUT)?
Revenue at Honeywell Automation India Limited is growing +1.8% versus a year earlier (3y avg +10.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Honeywell Automation India Limited (HONAUT)?
Earnings per share at Honeywell Automation India Limited are growing +20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Honeywell Automation India Limited (HONAUT) hold?
Honeywell Automation India Limited holds more cash than debt, ₹37.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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