This multibagger large-cap stock increased from Rs 161 to Rs 35,950
Rs 1 lakh would have turned to Rs 1.77 crore!
The Tata Group and Honeywell established Honeywell Automation India Limited (HAIL) as a joint venture. Previously known as Tata Honeywell Limited, the corporation was owned by each of them to the tune of 39.54 per cent. But, after purchasing Tata's interest in 2004, Honeywell Asia Pacific Inc. changed the company name to Honeywell Automation India Limited. Honeywell Automation India Ltd, a leading integrated automation and software solutions provider, is another example of how remaining engaged in a company for a lengthy period may help investors harvest good profits.
In 20 years, the company's share price increased from Rs 202.45 on July 11, 2002, to Rs 35,950.00 on 11 July 2022. Due to the share's multibagger returns of 17,657.47 per cent, investors who had put in Rs 1,000,000 in the shares in July 2002 now could have got a return of Rs 1.77 crore in the company. Since the IPO date, the company has provided multibagger returns of 38,555.91 per cent. If you had invest at IPO Rs 1,000,000, the holdings would have been worth Rs 3.86 crore as of today.
A Large-Cap firm with a market valuation of Rs 31,604 crore is Honeywell Automation India Limited. With a TTM EPS of 383.57 and a TTM PE of 86.69, it is now trading. The ultimate holding entity of Honeywell Automation Ltd. is its promoter, Honeywell International Inc. USA. Through a Mauritius-based subsidiary, it owns a 75 per cent share in HAIL. It has a respectable current ratio of 3.32 and a return on equity of 11.95 per cent. The business offers building controls, process solutions, building solutions, and home comfort controls. Reliance, Vedanta, HPCL, TCS, Delhi Airport, AIIMS, ITC Hotel, Kolkata Airport, Mahindra & Mahindra, and Kirloskar Oil Engines are just a few of its clientele.
Keep an eye on this scrip for the upcoming sessions.