Reviews

HONEYWELL AUTOMATION 

Ticker : 517174
FV: Rs 10
52-Week H/L: Rs 39,499.50 / 20,142.00

We had previously recommended Honeywell Automation India Limited in volume no. 36, issue no. 20 (dated March 9, 2020), when the scrip was trading at Rs 34,106.25. The company is engaged in the manufacturing of electronic systems & components, repair & maintenance as well as of trading of machinery, equipments & supplies. The scrip was recommended based on the company’s strong financial performance and positive growth trend. On the standalone quarterly financial front, the net sales increased by 11.01 per cent to Rs 901.20 crore in Q3FY20, from Rs 811.79 crore in Q3FY19. PBDT for Q3FY20 stood at Rs 205.94 crore, a growth of 51.54 per cent as compared to Rs 135.90 crore in Q3FY19. In Q3FY20, the net profit rose by 69.05 per cent to Rs 144.74 crore as compared to Rs 85.62 crore in Q3FY19. A revival in the economy is expected to boost the company’s growth trend. Hence, we recommend to HOLD.