Established in 1988, at that time known as tata honeywell, Honeywell corporation is a subsidary of Honeywell asia pacific inc which in turn is a subsidary of US$ 30 billion Honeywell INtl Inc USA. HAIL is indias leading process management and control system solutions provider. It supplies industrial automation and control solutions to core industries like petrochemicals, refining, oil and gas, mining, power and metals.
Spread over 36000 sq ft, HAIL's production facility at Pune is certified by Honeywell and several govt and defence establisments.
It has five strategic business divisions: Global services, Control services, Process solutions, Building solutions and Honeywell security group.
Looking at its financials we find that the company has reserves of 225 cr on a equity base of 8.8cr. This makes this stock a potential bonus candidate. For the year ended 31st dec the company managed an eps of Rs 73 and paid a dividend of Rs 10 per share.
The 52 week high low stands at Rs 2624 and Rs 1309. The stock now trading at 1364 is near its lows and has a good chance of moving up. Over 81% of the stock is held by the promoters, 3.68% by mutual funds and hardly 15% is held by the public. The only hitch i find is that it is not actively traded stock.
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