Honeywell Automation India Ltd
Honeywell Automation India Ltd (HONAUT)

Honeywell Automation India Ltd (HONAUT)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return14.71 %
3 Month Return9.5 %
1 Year Return-0.55 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 21
Rank 21
Rank 20
Dividend Yield
Rank 19
Rank 9
Debt To Asset
Rank 20

Company Information

Honeywell Automation India Ltd HAIL is a market leader in ElectronicsInstrumentation and Process Control equipment industry. HAIL is leading provider of integrated automation and software solution that improves productivity enhancing comfort and ensuring the safety and security to homes and business premises. The companys main products are distributed control systems building control systems and smart transmitters. The Company is engaged primarily in the business of Automation Control systems on turnkey basis and otherwise.HAIL incorporated in January 1984 as Tata Process Controls Private Ltd in Maharashtra. The company became as a public limited company in May 1987. Initially the company promoted by Tata group. Thereafter it was promoted as a 40:40 Joint Venture company between Tata group and Honeywell Asia Pacific Inc USA. In 2004 Tata group sold its share holding 40.62 per cent in favour of its foreign joint venture partner. Now Honeywell Asia Pacific Inc holds 81.24 per cent of equity shares of the company.Honeywell has set up an impressive 36000 square feet stateoftheart manufacturing design and engineering facilities in the industrial city of Pune in 1988. It is equipped with system integrated services testing facilities systems assembly staging centre printed wiring assembly manufacturing facility and a smart technology centre. In March 1993 the company came out with a Right Issue of 2080000 equity shares at a premium of Rs. 25 per share aggregating Rs. 7.28 crores to part finance normal capital expenditure and long term working capital requirements totaling Rs. 13.8 crores. The issue was fully subscribed. The allotment of the equity was made in May 1993.In 199394 the company was awarded the prestigious ISO 9001 certificate. The certification covers the entire of its operations from design to production installation commissioning and extends into service support functions. The company was the first one and only company in India in the field of Industrial Automation and Control to be awarded this certification.The company has diversified its operations. It has also setup Software Technology Park STP in Pune and are now well established. In 199899 the STP operations are expanded at Chennai.In 2003 the Companys GPS Manufacturing was certified by the DRDO the premier defense research organization in India. HAIL is also the first automation company in India to have received a double certification of ISO 14001 and OHSAS 18001. It reflects companys commitment towards quality services to its customer.In 200304 Honeywell decided to expand its existing facility to accommodate additional 300 people. It started to construct a new building in the existing premises. A state of the art Experion new control system testing centre will be housed in this building.During the year 2005 Honeywell completed construction of new building which has provided additional seating space for 425 people and also provides space for the test labs. The company has also set up a new Electronic Hardware Technology Park EHTP to facilitate manufacturing and export of Electronic Systems.Honeywell launched a new business called Honeywell Security Group HSG in 2005. This business offers various Electronic security products and systems through a network of channel partners. This business has now taken roots and is poised for healthy growth in time to come.In 2006 Honeywell has made major capital investment to expand its manufacturing and office space. This will create 170000 square feet of additional space at companys Pune headquarters and would cater to its current and future growth needs.Honeywell is the market leader today in most of the business areas it operates in.
OrganisationHoneywell Automation India Ltd
IndustryConsumer Durables