Share the post "Honeywell Automation India Q4 2024 Quarterly Earnings: YoY Sales Up 11.89 %, QoQ Down 11.23 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.89 % in the past year, decrease in net sales/revenue by -11.23 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 55.59 %. Marginal increase in other income during this quarter, up by 48.01%.
- Profit over the Year and quarter: Significant improvement in profitability for Honeywell Automation India Ltd.. Notable increase of 32.27 % in net profit Year to Year, Honeywell Automation India Ltd.’s profitability increased by 15.86 % in this quarter.
- EPS over the Year and quarter: EPS increased by 32.26 % Year to Year. EPS increased by 15.9 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 849.68 Cr | Rs. 1071 Cr | Rs. 950.736 Cr | -11.23 % | + 11.89 % |
| Expenses | Rs. 710.88 Cr | Rs. 910.4 Cr | Rs. 780.83 Cr | -14.23 % | + 9.84 % |
| Operating Profit | Rs. 138.8 Cr | Rs. 160.6 Cr | Rs. 169.91 Cr | + 5.8 % | + 22.41 % |
| OPM % | 16.34 % | 15 % | 17.87 % | + 2.87 % | + 1.53 % |
| Other Income | Rs. 26.73 Cr | Rs. 28.1 Cr | Rs. 41.59 Cr | + 48.01 % | + 55.59 % |
| Interest | Rs. 0.49 Cr | Rs. 1.4 Cr | Rs. 0.65 Cr | -53.57 % | + 32.65 % |
| Depreciation | Rs. 13.5 Cr | Rs. 12.8 Cr | Rs. 13.52 Cr | + 5.62 % | + 0.15 % |
| Profit before tax | Rs. 151.54 Cr | Rs. 174.5 Cr | Rs. 197.33 Cr | + 13.08 % | + 30.22 % |
| Tax % | 26.07 % | 26.7 % | 24.91 % | -1.79 % | -1.16 % |
| Net Profit | Rs. 112.03 Cr | Rs. 127.9 Cr | Rs. 148.18 Cr | + 15.86 % | + 32.27 % |
| EPS in Rs | Rs. 126.71 | Rs. 144.6 | Rs. 167.59 | + 15.9 % | + 32.26 % |
Today, we’re looking at Honeywell Automation India Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.89 %. However, it did see a marginal slip of -11.23 % from the previous quarter. Expenses decreased slightly by -14.23 % quarter-on-quarter, aligning with the annual rise of 9.84 %. Operating profit, while up 22.41 % compared to last year, faced a quarter-on-quarter increase of 5.8 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.53 %, but an expansion of 2.87 % sequentially. Other income rose by 48.01 % compared to the last quarter, despite an annual growth of 55.59 %. Interest expenses dropped significantly by -53.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.65 %. Depreciation costs climbed by 5.62 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.15 %. Profit before tax grew annually by 30.22 % but saw an increase from the preceding quarter by 13.08 %.
Tax expenses as a percentage of profits decreased slightly by -1.16 % compared to last year, with a more notable quarter-on-quarter decrease of -1.79 %. Net profit rose by 32.27 % year-on-year but experienced a 15.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32.26 % but a quarterly rise of 15.9 %. In summary, Honeywell Automation India Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 849.68 Cr | Rs. 1071 Cr | Rs. 950.736 Cr | -11.23 % | + 11.89 % |
| Expenses | Rs. 710.88 Cr | Rs. 910.4 Cr | Rs. 780.83 Cr | -14.23 % | + 9.84 % |
| Operating Profit | Rs. 138.8 Cr | Rs. 160.6 Cr | Rs. 169.91 Cr | + 5.8 % | + 22.41 % |
| Net Profit | Rs. 112.03 Cr | Rs. 127.9 Cr | Rs. 148.18 Cr | + 15.86 % | + 32.27 % |
| EPS in Rs | Rs. 126.71 | Rs. 144.6 | Rs. 167.59 | + 15.9 % | + 32.26 % |
In reviewing Honeywell Automation India Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.89 % year-on-year growth, although there was a slight dip of -11.23 % from the previous quarter. Expenses rose by 9.84 % compared to the previous year, with a decrease of -14.23 % quarter-on-quarter. Operating Profit surged by 22.41 % annually, and saw a 5.8 % increase from the last quarter.
Net Profit showed yearly increase of 32.27 %, and experienced a 15.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 32.26 % annually, however rose by 15.9 % compared to the last quarter. In essence, while Honeywell Automation India Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
3
3-Year Profit
7
5-Year Profit
19
10-Year Profit
56,139
Current Price
49,627
Market Cap
The company associated with BSE code 517174 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 7 percents, which subsequently rose to 3 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 22 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 12 percents over the last five years, it has recently dropped to 23 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 24 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
Currently valued at ₹49,627 crore, the company's stock price stands at ₹56,139. Over the years, it has seen significant fluctuations, with its price ranging from ₹59,994 / 34,978, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 99.0, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹4,079, which represents the net asset value of the company per share. The dividend yield of 0.18% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 19.7%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 14.8%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.02, signaling conservative financial management. However, the net cash flow is negative at ₹2,339 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 7.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹7,214, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 13.8, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
