Honeywell Automation India Ltd: Why Is It Outperforming Nifty 500?

Honeywell Automation India Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: +14.3% (turning around (inflection up))
• Revenue Growth YoY: +6.0%
• Operating Margin: 16.0% (stable)

Honeywell Automation India Ltd's profit is growing with an turning around (inflection up) trend.

• PAT Growth YoY: +14.3% (latest quarter)
• PAT Growth QoQ: +32.2% (sequential)
• 3-Year PAT CAGR: +6.2%
• Trend: Turning around (inflection up) — consistent growth pattern

Honeywell Automation India Ltd's revenue growth trend is decelerating.

• Revenue Growth YoY: +6.0%
• Revenue Growth QoQ: +1.0% (sequential)
• 3-Year Revenue CAGR: +10.7%

Honeywell Automation India Ltd's operating margin is stable.

• Current OPM: 16.0%
• OPM Change YoY: +2.0% basis points
• OPM Change QoQ: +3.0% basis points

Honeywell Automation India Ltd's long-term compounding rates

• 3-Year Profit CAGR: +6.2%
• 3-Year Revenue CAGR: +10.7%

Honeywell Automation India Ltd's earnings growth is turning around (inflection up) with improving on a sequential basis.

• YoY Acceleration: +22.6% bps
• Sequential Acceleration: +31.4% bps

Honeywell Automation India Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹526 Cr
• TTM PAT Growth: +0.6% YoY
• TTM Revenue: ₹5,000 Cr
• TTM Revenue Growth: +11.8% YoY
• TTM Operating Margin: 13.0%

Honeywell Automation India Ltd appears significantly overvalued based on our fair value analysis.

• Valuation Signal: Significantly Overvalued
• Current PE: 65.3x
• Price-to-Book: 7.8x

Honeywell Automation India Ltd's current PE ratio is 65.3x.

• Current PE: 65.3x
• Market Cap: 34.8K Cr
• Dividend Yield: 0.28%

Honeywell Automation India Ltd's current PE is 65.3x.

• Current PE: 65.3x
• Valuation Assessment: Significantly Overvalued

Honeywell Automation India Ltd's price-to-book ratio is 7.8x.

• Price-to-Book (P/B): 7.8x
• Book Value per Share: ₹5047
• Current Price: ₹39405

Honeywell Automation India Ltd is rated Average with a fundamental score of 45.24/100. This score is calculated from objective financial metrics

• Revenue Growth YoY: +6.0% (10% weight)
• PAT Growth YoY: +14.3% (10% weight)
• PAT Growth QoQ: +32.2% (10% weight)
• Margins stable (10% weight)

Honeywell Automation India Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹110 Cr

Honeywell Automation India Ltd's return ratios over recent years

• FY2024: ROCE 20.0%
• FY2025: ROCE 18.0%
• FY2026: ROCE 17.0%

Honeywell Automation India Ltd's operating cash flow is positive (FY2026).

• Cash from Operations (CFO): ₹493 Cr
• Free Cash Flow (FCF): ₹-2,000 Cr
• CFO/PAT Ratio: 94% (strong cash conversion)

Honeywell Automation India Ltd's current dividend yield is 0.28%.

• Dividend Yield: 0.28%
• Current Price: ₹39405

Honeywell Automation India Ltd's shareholding pattern (Mar 2026)

• Promoters: 75.0%
• FII (Foreign): 3.7%
• DII (Domestic): 11.3%
• Public: 10.0%

Honeywell Automation India Ltd's promoter holding has remained stable recently.

• Current Promoter Holding: 75.0% (Mar 2026)
• Previous Quarter: 75.0% (Dec 2025)
• Change: 0.00% (stable)

Honeywell Automation India Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.

Honeywell Automation India Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.

Based on quantitative research signals, here is why Honeywell Automation India Ltd may be worth studying

• Earnings growing at +14.3% YoY
• Cash flow is positive — CFO ₹493 Cr

Honeywell Automation India Ltd investment thesis summary:

Honeywell Automation India Ltd's forward outlook based on current data signals

• Earnings Trend: turning around (inflection up)
• Revenue Trend: decelerating
• Margin Trend: stable
• Valuation: Significantly Overvalued