Honeywell Automation India Ltd (HAIL) provides integrated automation and software solutions and is playing on India’s economic growth by catering to a wide range of sectors. Its products are set to do well as other sectors in the country develop. If we consider the annualised earnings per share (EPS) of March 07 quarter amounting to Rs 71.6, the PE is reasonable at 23.3, which is much lower than the growth potential of the company.
Products. The company’s product range caters to various fast-growing sectors in India. HAIL offers HVAC (heating, ventilation, air-conditioning) control systems, fire detection systems, security systems and Enterprise Building Integrator (EBI), which is expected to be the star growth driver for the company and should benefit from the uptick in the realty sector, airport modernisation and SEZs. Its Process Solutions division is expected to benefit from capacity expansion in the oil and gas, metal and cement sectors.
The company also services the fast-growing auto, medical instrumentation and IT sectors. If the Indian auto industry grows three times over the next 10 years, as expected, then Automotive-on-Board—a system that provides comprehensive solutions to the auto sector—should clock a healthy growth rate. HAIL’s sensors also find applications in construction, mining and defence sectors. The Global Services division meets the outsourcing requirements of the parent company as well as global clients.
Performance. After a subdued performance in 2004, Honeywell got its act together in a big way and showed a huge spurt on all financial parameters for 2005. In 2006, its growth rates were quite good yet tempered due to the high base effect of 2005.
The March 2007 quarter performance was subdued on the profitability front with only a 4.7 per cent rise in operating profit and 13.7 per cent rise in net profit to Rs 22.3 crore and Rs 15.8 crore, respectively (both year-on-year). The comforting factor is that HAIL clocked sales of Rs 189 crore, a respectable y-o-y growth of 21.9 per cent. The pressure on profitability is most likely to be a one off event but the trend over the next few quarters will be closely monitored and the recommendation will be reviewed if the need arises.
Honeywell Building Solutions, another division of the company, is expected to achieve $1 billion revenue by 2010. If the expectation is scaled down to be achieved only by the company, and not by the single division, it still implies a compound annual growth rate (CAGR) in revenue of about 60 per cent for the next four years. The profit should grow even faster when you consider the steady improvement in the company’s operating profit margin which has spurted over the past two years from 5.7 per cent to 13.5 per cent. At the current market price of Rs 1,680.60, the stock has a trailing 12 months (TTM) EPS of about Rs 66 and trades at a trailing PE of around 25.31.
(Source: Internet)
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INTERNATIONAL CONCEPT OF WORK FROM HOME
Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.
Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.
There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.
Baby-sitting
This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.
Nursery
For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.
Freelance
Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on workfromhome.otr214426@gmail.com and we will send you information on how you can actually work as a marketing freelancer.
Internet related work
This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr214426@gmail.comand our team will get you started on some excellent work from home projects.
Diet food
Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.
Thus think over this concept and go ahead.
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