CMP: 2665

Honeywell Automation India Limited supplies industrial automation and control solutions to the petrochemicals, refining, oil and gas, mining, metal and power industries.

Honeywell Automation is a decent bet in mid-cap space trading at a P/E of 28. It runs at Zero debt with 176 Crores cash in hand. Revenues have risen from 868 Crores to 1619 Crores in the last 5 years. Profits have risen from 66 Crores to 107 Crores in the last 5 years. Its not the best growth bets around, but its safe and a decent bet.