Deep Dive: This automation stock delivered over 1,000% returns in last 10 years

There are many large-caps that don’t get the attention of the stock market admirers, and one of them is Honeywell Automation. The company is virtually debt-free with consistent profit growth of 33.04 percent over five years.

In the last 10 years, the stock has delivered returns of over 1,000 percent, and about 270 percent in the last five years. This year itself, the stock has climbed 30 percent.

The company is primarily into automation and control systems but also diversified into businesses like realty, chemicals, retail amongst others. In the third quarter of the current fiscal, the company’s net profit surged 69 percent year-on-year (YoY) to Rs 144.74 crore. On a YoY basis, net sales jumped 11 percent while profit before tax soared 47.3 percent.