{"id":94279,"date":"2026-05-21T17:08:04","date_gmt":"2026-05-21T11:38:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=94279"},"modified":"2026-05-21T17:08:06","modified_gmt":"2026-05-21T11:38:06","slug":"honeywell-automation-q4-fy26-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/","title":{"rendered":"Honeywell Automation Q4 FY26 Results: Shares Jump 18% as PAT Rises 14.2% to Rs 160 Crore, JM Financial Upgrades to Buy With Rs 44,000 Target"},"content":{"rendered":"<div class=\"meta-block\">\n<p><a style=\"font-size: revert; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\" href=\"https:\/\/univest.in\/user\/stocks\/honaut\/honeywell-automation-india-ltd-share-price-today\"><strong>Honeywell Automation Q4 FY26<\/strong> <\/a><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">results were declared on May 20, 2026, triggering an 18.55% surge in the stock price to Rs 35,769.55 on May 21, 2026. Honeywell Automation India reported a standalone net profit of Rs 159.70 crore for the quarter ended March 31, 2026, up 14.2% year on year from Rs 139.90 crore in Q4 FY25. Revenue from operations grew 5.9% YoY to Rs 1,180.70 crore from Rs 1,114.50 crore. The board recommended a final dividend of Rs 110 per equity share for FY26, equivalent to 1,100% of the face value of Rs 10 per share. JM Financial upgraded the stock to Buy with a target price of Rs 44,000, signalling a 45.8% upside from the previous close of Rs 30,172.35. This article covers the complete Honeywell Automation Q4 FY26 financial highlights, margin expansion story, brokerage upgrades, and FY27 outlook.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here, Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>Honeywell Automation India (NSE: HONAUT) is a subsidiary of global technology leader Honeywell International Inc. The company provides integrated automation and software solutions across process control, building management, and industrial safety. With a market capitalisation of approximately Rs 31,033 crore after the post results rally, the Honeywell Automation Q4 FY26 results are being closely watched because the margin expansion in this quarter marks a potential inflection point in the company&#8217;s profitability trajectory after several quarters of muted performance.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Honeywell_Automation_Q4_FY26_Financial_Highlights\" title=\"Honeywell Automation Q4 FY26 Financial Highlights\">Honeywell Automation Q4 FY26 Financial Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Honeywell_Automation_Q4_FY26_Performance_Analysis\" title=\"Honeywell Automation Q4 FY26 Performance Analysis\">Honeywell Automation Q4 FY26 Performance Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Key_Factors_Driving_the_Honeywell_Automation_Q4_FY26_Rally\" title=\"Key Factors Driving the Honeywell Automation Q4 FY26 Rally\">Key Factors Driving the Honeywell Automation Q4 FY26 Rally<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#JM_Financial_Upgrades_to_Buy_With_Rs_44000_Target\" title=\"JM Financial Upgrades to Buy With Rs 44,000 Target\">JM Financial Upgrades to Buy With Rs 44,000 Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#EBITDA_Margin_Expansion_to_156\" title=\"EBITDA Margin Expansion to 15.6%\">EBITDA Margin Expansion to 15.6%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Rs_110_Per_Share_Dividend_Announcement\" title=\"Rs 110 Per Share Dividend Announcement\">Rs 110 Per Share Dividend Announcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#FII_Accumulation_Trend\" title=\"FII Accumulation Trend\">FII Accumulation Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Antique_Stock_Broking_Maintains_Hold\" title=\"Antique Stock Broking Maintains Hold\">Antique Stock Broking Maintains Hold<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#FY26_Full_Year_Performance\" title=\"FY26 Full Year Performance\">FY26 Full Year Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#FY27_Outlook_and_Growth_Drivers\" title=\"FY27 Outlook and Growth Drivers\">FY27 Outlook and Growth Drivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Honeywell_Automation_Stock_Performance\" title=\"Honeywell Automation Stock Performance\">Honeywell Automation Stock Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Risks_to_Monitor\" title=\"Risks to Monitor\">Risks to Monitor<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Modest_Revenue_Growth_Trajectory\" title=\"Modest Revenue Growth Trajectory\">Modest Revenue Growth Trajectory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Valuation_Premium\" title=\"Valuation Premium\">Valuation Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Parent_Company_Restructuring_Uncertainty\" title=\"Parent Company Restructuring Uncertainty\">Parent Company Restructuring Uncertainty<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions FAQs\">Frequently Asked Questions FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#What_is_Honeywell_Automation_Q4_FY26_net_profit\" title=\"What is Honeywell Automation Q4 FY26 net profit?\">What is Honeywell Automation Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Why_did_Honeywell_Automation_shares_jump_18\" title=\"Why did Honeywell Automation shares jump 18%?\">Why did Honeywell Automation shares jump 18%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#What_is_JM_Financials_target_price_for_Honeywell_Automation\" title=\"What is JM Financial&#8217;s target price for Honeywell Automation?\">What is JM Financial&#8217;s target price for Honeywell Automation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#What_dividend_did_Honeywell_Automation_declare_for_FY26\" title=\"What dividend did Honeywell Automation declare for FY26?\">What dividend did Honeywell Automation declare for FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#What_is_Honeywell_Automation_Q4_FY26_EBITDA_margin\" title=\"What is Honeywell Automation Q4 FY26 EBITDA margin?\">What is Honeywell Automation Q4 FY26 EBITDA margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#What_is_the_52_week_high_and_low_of_Honeywell_Automation\" title=\"What is the 52 week high and low of Honeywell Automation?\">What is the 52 week high and low of Honeywell Automation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/honeywell-automation-q4-fy26-results\/#Is_Honeywell_Automation_a_good_investment_after_Q4_FY26\" title=\"Is Honeywell Automation a good investment after Q4 FY26?\">Is Honeywell Automation a good investment after Q4 FY26?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Honeywell_Automation_Q4_FY26_Financial_Highlights\"><\/span><strong>Honeywell Automation Q4 FY26 Financial Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Q4 FY26<\/th>\n<th>Q4 FY25<\/th>\n<th>YoY Change<\/th>\n<\/tr>\n<tr>\n<td><strong>Net Profit (PAT)<\/strong><\/td>\n<td>Rs 159.70 crore<\/td>\n<td>Rs 139.90 crore<\/td>\n<td>Up 14.2%<\/td>\n<\/tr>\n<tr>\n<td><strong>Revenue<\/strong><\/td>\n<td>Rs 1,180.70 crore<\/td>\n<td>Rs 1,114.50 crore<\/td>\n<td>Up 5.9%<\/td>\n<\/tr>\n<tr>\n<td><strong>EBITDA<\/strong><\/td>\n<td>Rs 184.10 crore<\/td>\n<td>Rs 159.80 crore<\/td>\n<td>Up 15.2%<\/td>\n<\/tr>\n<tr>\n<td><strong>EBITDA Margin<\/strong><\/td>\n<td>15.6%<\/td>\n<td>14.3%<\/td>\n<td>Expanded 130 bps<\/td>\n<\/tr>\n<tr>\n<td><strong>PBT<\/strong><\/td>\n<td>Rs 215.30 crore<\/td>\n<td>Rs 190.20 crore<\/td>\n<td>Up 13.2%<\/td>\n<\/tr>\n<tr>\n<td><strong>Final Dividend<\/strong><\/td>\n<td colspan=\"3\">Rs 110 per share (1,100% of face value)<\/td>\n<\/tr>\n<tr>\n<td><strong>CMP (May 21, 2026)<\/strong><\/td>\n<td colspan=\"3\">Rs 35,769.55 (up 18.55%)<\/td>\n<\/tr>\n<tr>\n<td><strong>Market Cap<\/strong><\/td>\n<td colspan=\"3\">Rs 31,033 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>52 Week High \/ Low<\/strong><\/td>\n<td colspan=\"3\">Rs 41,450 \/ Rs 26,220<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Honeywell Automation Q4 FY26 results show a clear margin led beat. While revenue growth was modest at 5.9% YoY, profitability grew significantly faster with PAT up 14.2% and EBITDA up 15.2%, reflecting strong operating leverage and cost discipline. On a sequential basis, PAT jumped 31.8% from Rs 121.20 crore in Q3 FY26, the strongest quarter on quarter improvement in recent quarters.<\/p>\n<p><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen the best stocks on the Univest Screener.<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Honeywell_Automation_Q4_FY26_Performance_Analysis\"><\/span><strong>Honeywell Automation Q4 FY26 Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The standout feature of the Honeywell Automation Q4 FY26 results is the dramatic margin improvement. EBITDA margin expanded to 15.6% in Q4 FY26, a substantial improvement from 12.63% in Q3 FY26 and marginally above the 14.3% recorded in Q4 FY25. This 130 basis point YoY margin expansion, combined with 300 basis points of sequential improvement, signals that management&#8217;s cost optimisation initiatives are delivering tangible results.<\/p>\n<p>For the full year FY26, Honeywell Automation reported revenue from operations of Rs 4,681.90 crore, up 11.7% YoY from Rs 4,189.60 crore in FY25. However, full year PAT remained nearly flat at Rs 525 crore compared to Rs 523.60 crore in FY25, indicating that the margin expansion in Q4 was the key positive development that shifted market sentiment. The Honeywell Automation Q4 FY26 exit rate on margins is what investors are now extrapolating into FY27 and FY28 earnings estimates.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Factors_Driving_the_Honeywell_Automation_Q4_FY26_Rally\"><\/span><strong>Key Factors Driving the Honeywell Automation Q4 FY26 Rally<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"JM_Financial_Upgrades_to_Buy_With_Rs_44000_Target\"><\/span><strong>JM Financial Upgrades to Buy With Rs 44,000 Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most significant catalyst for the Honeywell Automation Q4 FY26 stock rally was JM Financial upgrading its rating to Buy with a target price of Rs 44,000. This implies a 45.8% upside from the previous close of Rs 30,172.35. JM Financial noted that the stock trades at 34 times its FY28 estimated price to earnings ratio, which is the lowest valuation among its automation peers. This valuation gap, combined with the margin expansion demonstrated in Q4, formed the basis for the upgrade.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"EBITDA_Margin_Expansion_to_156\"><\/span><strong>EBITDA Margin Expansion to 15.6%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Honeywell Automation Q4 FY26 EBITDA margin of 15.6% was the highest in recent quarters. Operating profit excluding other income surged 20.24% quarter on quarter to Rs 184.80 crore. This margin expansion was driven by a combination of better product mix, operational efficiency improvements, and controlled operating expenditure growth of just 4.23% YoY against revenue growth of 5.9%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rs_110_Per_Share_Dividend_Announcement\"><\/span><strong>Rs 110 Per Share Dividend Announcement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The board&#8217;s recommendation of a final dividend of Rs 110 per equity share for FY26, equivalent to 1,100% of the face value, reinforces the company&#8217;s strong cash generation capabilities. At the previous close of Rs 30,172.35, this translates to a dividend yield of approximately 0.36%. The generous dividend payout signals management confidence in the company&#8217;s financial health and future cash flow generation.<\/p>\n<p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Univest iOS App<\/strong><\/a> or the <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Univest Android App<\/strong><\/a> to get daily stock recommendations and expert research.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FII_Accumulation_Trend\"><\/span><strong>FII Accumulation Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Foreign institutional investors have been gradually increasing their stake in Honeywell Automation, rising from 2.59% in March 2025 to 3.74% in March 2026, with a sequential increase of 0.28% in Q4 FY26. This gradual accumulation suggests growing international investor interest in the company&#8217;s automation capabilities and India&#8217;s industrial digitisation theme.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Antique_Stock_Broking_Maintains_Hold\"><\/span><strong>Antique Stock Broking Maintains Hold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While JM Financial upgraded the stock, Antique Stock Broking maintained its Hold rating with a revised target price of Rs 34,369, valuing the company at 45 times FY28 estimated EPS. Antique expects Honeywell Automation to deliver a revenue CAGR of 13% over FY26 to FY28, with EBITDA margin improving modestly to 13% by FY28, leading to a 13% earnings CAGR over the same period.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FY26_Full_Year_Performance\"><\/span><strong>FY26 Full Year Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Honeywell Automation Q4 FY26 results need to be viewed in the context of the full year FY26 performance. Revenue from operations for FY26 stood at Rs 4,681.90 crore, up 11.7% from Rs 4,189.60 crore in FY25. However, full year PAT was nearly flat at Rs 525 crore versus Rs 523.60 crore in FY25, a marginal 0.27% increase. This suggests that the first three quarters of FY26 had weaker profitability, and the Q4 margin expansion represents a potential turning point that analysts are now pricing into forward estimates.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here, Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FY27_Outlook_and_Growth_Drivers\"><\/span><strong>FY27 Outlook and Growth Drivers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following the strong Honeywell Automation Q4 FY26 margin performance, the FY27 outlook has improved materially. India&#8217;s industrial automation sector is expected to grow at 12 to 15% annually, driven by manufacturing PLI schemes, smart city initiatives, and the broader push toward Industry 4.0 adoption across Indian manufacturing. Honeywell Automation&#8217;s leadership position in process solutions and building management systems positions it well to capture this structural growth.<\/p>\n<p>Key growth drivers for FY27 include the expansion of Honeywell&#8217;s building automation solutions business, which recently signed a partnership with the NHL for building automation, increased adoption of Honeywell&#8217;s process control solutions in India&#8217;s refining and petrochemicals sector, and the continued digitisation of India&#8217;s manufacturing base. The parent company Honeywell International&#8217;s planned corporate restructuring, with potential spin offs, could also create strategic optionality for the India subsidiary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Honeywell_Automation_Stock_Performance\"><\/span><strong>Honeywell Automation Stock Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Honeywell Automation shares surged 18.55% to Rs 35,769.55 on May 21, 2026, hitting a six month high. The stock was trading 13.7% below its 52 week high of Rs 41,450 and 36.4% above its 52 week low of Rs 26,220. On a year to date basis, the stock has fallen approximately 8%, underperforming the Nifty 50&#8217;s 9.5% decline during the same period. However, the post results rally and JM Financial&#8217;s upgrade to Buy with a Rs 44,000 target could mark the beginning of a re rating cycle for the stock.<\/p>\n<p><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen the best stocks on the Univest Screener.<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Monitor\"><\/span><strong>Risks to Monitor<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Modest_Revenue_Growth_Trajectory\"><\/span><strong>Modest Revenue Growth Trajectory<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While margins expanded in Q4, Honeywell Automation&#8217;s revenue growth of 5.9% YoY was modest. Sustaining margin expansion without meaningful topline acceleration will be challenging. If revenue growth does not accelerate toward the 13% CAGR that analysts project, the stock&#8217;s re rating thesis could stall.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Premium\"><\/span><strong>Valuation Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Even after the correction from its all time high of Rs 59,700, Honeywell Automation trades at elevated multiples relative to broader market valuations. At 34 times FY28 estimated earnings (per JM Financial), any earnings disappointment could trigger a sharp de rating, especially given the stock&#8217;s low trading volumes and limited institutional ownership.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Parent_Company_Restructuring_Uncertainty\"><\/span><strong>Parent Company Restructuring Uncertainty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Honeywell International&#8217;s planned corporate breakup, with potential separation of its Aerospace and Automation divisions, creates uncertainty about the future strategic direction and support for the India subsidiary. Any adverse outcome from this restructuring could impact investor sentiment toward Honeywell Automation India.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Honeywell Automation Q4 FY26 results mark a potential inflection point for the company, with EBITDA margin expanding to 15.6%, PAT growing 14.2% YoY to Rs 159.70 crore, and the board recommending a generous Rs 110 per share dividend. JM Financial&#8217;s upgrade to Buy with a Rs 44,000 target price and the stock&#8217;s 18.55% rally reflect improved market confidence in the company&#8217;s profitability trajectory. With the stock trading at 34 times FY28 estimated earnings, the lowest among automation peers, the risk reward profile has improved for investors with a 2 to 3 year horizon. Investors should monitor FY27 revenue growth acceleration, margin sustainability, and the impact of Honeywell International&#8217;s corporate restructuring on the India subsidiary.<\/p>\n<p><em>Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. All data cited is sourced from BSE, NSE exchange filings, and verified news sources. Investments in securities are subject to market risk. Consult a SEBI registered investment advisor before making any investment decision.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><strong>Frequently Asked Questions FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Honeywell_Automation_Q4_FY26_net_profit\"><\/span><strong>What is Honeywell Automation Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Honeywell Automation Q4 FY26 net profit was Rs 159.70 crore, up 14.2% YoY from Rs 139.90 crore in Q4 FY25. Results were declared on May 20, 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Honeywell_Automation_shares_jump_18\"><\/span><strong>Why did Honeywell Automation shares jump 18%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Honeywell Automation shares jumped 18.55% on May 21, 2026 due to strong Q4 FY26 results with EBITDA margin expanding to 15.6%, Rs 110 per share dividend announcement, and JM Financial upgrading the stock to Buy with a Rs 44,000 target price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_JM_Financials_target_price_for_Honeywell_Automation\"><\/span><strong>What is JM Financial&#8217;s target price for Honeywell Automation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JM Financial upgraded Honeywell Automation to Buy with a target price of Rs 44,000, implying a 45.8% upside from the previous close of Rs 30,172.35. The brokerage noted the stock trades at 34 times FY28 estimated PE, the lowest among automation peers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_dividend_did_Honeywell_Automation_declare_for_FY26\"><\/span><strong>What dividend did Honeywell Automation declare for FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board recommended a final dividend of Rs 110 per equity share for FY26, equivalent to 1,100% of the face value of Rs 10 per share.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Honeywell_Automation_Q4_FY26_EBITDA_margin\"><\/span><strong>What is Honeywell Automation Q4 FY26 EBITDA margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Honeywell Automation Q4 FY26 EBITDA margin expanded to 15.6% from 14.3% in Q4 FY25 and 12.63% in Q3 FY26, marking the highest margin in recent quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52_week_high_and_low_of_Honeywell_Automation\"><\/span><strong>What is the 52 week high and low of Honeywell Automation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52 week high of Honeywell Automation is Rs 41,450 and the 52 week low is Rs 26,220. The stock surged to Rs 35,769.55 on May 21, 2026 after Q4 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Honeywell_Automation_a_good_investment_after_Q4_FY26\"><\/span><strong>Is Honeywell Automation a good investment after Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JM Financial upgraded to Buy with Rs 44,000 target while Antique Stock Broking maintained Hold with Rs 34,369 target. Investment decisions require individual assessment of fundamentals and risk tolerance. Consult a SEBI registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is Honeywell Automation Q4 FY26 net profit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Honeywell Automation Q4 FY26 net profit was Rs 159.70 crore, up 14.2% YoY from Rs 139.90 crore in Q4 FY25. 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Full analysis.<\/p>\n","protected":false},"author":29,"featured_media":94301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-94279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1779369766:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["75"],"rank_math_focus_keyword":["Honeywell Automation Q4"],"rank_math_title":["Honeywell Automation Q4 FY26 Results: PAT Rs 160 Crore, JM Financial Target Rs 44000"],"rank_math_description":["Honeywell Automation Q4 FY26 results May 20 2026. PAT of Rs 159.70 crore up 14.2% YoY. EBITDA margin expands to 15.6%. Board recommends Rs 110 dividend. JM Financial upgrades to Buy with Rs 44,000 target. 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