Sweeter Than Honey: How ₹1L Invested in Honeywell Buzzed to ₹2.2 Cr

Published by Trinkerr Academy on

Let’s take a look at a multibagger that has grown investors’ money 10x yearly over the last 20 years, giving whopping returns of 21,990.68%!

🤖 Stock: Honeywell Automation India Ltd.

🤖 NSE: $HONAUT

💼 About The Company

Honeywell Automation India Ltd. (HAIL) was launched in 1987 as a joint venture between the Tata Group and Honeywell Inc. It mainly engaged in the business of automation and control systems.

It specialises in 3 automation sector businesses:

⚙️ Manufacturing of electronic systems and components

⚙️ Repair and maintenance

⚙️ Trading of machinery, equipment and supplies

In 2004, the partnership between HAIL and the Tata Group ended, with the former buying out all stakes of the latter.

📈 Covid Spike

The company quickly adapted to the changes required for functioning smoothly during the pandemic situation in 2020-21. The healthcare and pharma verticals of HAIL brought in massive profits, and on 1st March 2021, the share prices of the company closed at an all-time high of ₹47,476.10.

🌱 Growth Potential

▪️ Virtually debt-free

▪️ Steady profit growth of 22.59% over the past 3 years

▪️ Healthy ROE of 22.41% over the past 3 years

▪️ A high promoter holding of 75%


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