Industry Profile: The infrastructure sector is a crucial driver of the Indian economy. The industry is highly responsible for propelling India’s overall development and enjoys intense focus from the Government for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country. Infrastructure includes power, bridges, dams, roads, and urban infrastructure development. In 2016, India jumped 19 places in World Bank’s Logistics Performance Index (LPI) 2016 to rank 35th amongst 160 countries. Government is a significant force in the sector. The union budget allocates large amounts of infrastructure, like Rs 16,000 crore (US$2.47 billion), towards Sahaj Bijli Har Ghar Yojana (Saubhagya) scheme. The scheme aims to achieve universal household electrification in the country. Rs 4,200 crore (US$ 648.75 billion) to increase the Green Energy Corridor Project’s capacity and other wind and solar power projects.
Company Profile: Honeywell Automation India Limited was incorporated in 1984 and is based in Pune, India. It is a Honeywell Asia Pacific Inc. subsidiary listed on BSE and NSE. The company provides various Aerospace, Oil & Gas products, and safety. The company provides automation and control systems in India and internationally. The company offers distributed control systems, transmitters, programmable logic controllers, emergency shutdown systems, quality control systems, advanced software solutions, industrial Internet of things solutions, and comprehensive lifecycle services. It also provides building management systems, fire detection and alarm systems, access control systems, video surveillance systems, integrated security systems, and integrated building management systems, as well as aftermarket services for various control systems; and comprehensive utilities’ operations and maintenance services for mechanical and electrical systems in buildings. In addition, the company offers products in environmental and combustion controls, sensing and control, and engineering services in the field of automation and control. HAIL has over 3,000 employees based in nine offices across India – Pune, Baroda, Bangalore, Hyderabad, Mumbai, Chennai, Gurgaon, Kolkata, and Jamshedpur.
Shareholding Pattern BSE Shareholding Filings
Financials and Ratios: [table id=193 /]
Future Prospects: This is a well-diversified company doing many things. The growth is visible. Bing foreign-owned company, the risks are shallow. Overall it is a company to hold in its portfolio.
