Honeywell Electrical Devices And Systems India Limited
+100 % 1 MAbout Honeywell Electrical Devices And Systems India Limited
A Comprehensive Overview of Price & Journey
Understanding Honeywell Electrical Devices And Systems India Limited Inception and Growth
Overview
Honeywell Electrical Devices and Systems India Limited (HEDSIL) is a part of Honeywell International. The company was incorporated in 1984 and has its registered office located in Chennai, Tamil Nadu. The company engaged in the business of manufacturing and trading electrical devices and control systems.
The company’s product portfolio includes wiring devices, cable management, lighting management systems, and circuit protection. It has a national presence with a sales footprint in more than 50 cities, with more than 2500 dealers. The company’s factories are located in Chennai and Dehradun.
Products and Services Offered
They offer complete solutions for Domestic, Industrial, and Commercial Buildings with a large basket of products, including Wiring Devices, Cable Management, Lighting Management, and Home Lighting Controls.
Board of Directors
-
Mr. Inder Jeet Singh, Independent Director
-
Mr. Virender Shankar, Independent Director
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Mr. Nagendranath Shankarappa, Director
-
Mr. Satish Kumar Agarwal, Director
Dividend Details
The directors do not recommend any dividend for the year ending 31st March 2024.
IPO Details
The company has not provided any information regarding its IPO plans.
Holding Company
Novar ED&S Limited, U.K., is the holding company.
Subsidiaries
The Company has no subsidiary companies as of the end of the financial year on March 31, 2024.
Listing Status
DRHP Not Filed
Honeywell Share Price in India
Investors usually follow Honeywell share price India, particularly its trend in the stock market. Honeywell electrical share price is watched closely by investors interested in the electrical industry.
Honeywell Share Price NSE & BSE
For people searching for up-to-date information, Honeywell share price NSE India and Honeywell share price BSE India are key indicators. NSE Honeywell share price and Honeywell share price BSE are available to access through our website. The latest Honeywell share price today helps investors have the most updated information about market movements.
Registered Office
The registered office of the company is in Chennai, Tamil Nadu, India.
Year Head
The company plans to continue to scale up the new products launched recently by executing the identified Go-to-market strategy. The company’s focus remains on growth through strategic actions including, but not limited to, consolidation of market share in key regions, growth in verticals like Healthcare and Pharma, and strengthening of the Circuit Protection portfolio.
During the upcoming year, the company also aims to launch a new product range- Horizon 2.0 & Harmonize to improve NPI vitality & provide a digital solution for its distributors and channel partners, driving continuous innovation and efficiency in business conduct.
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Overview
Honeywell Electrical Devices and Systems India Limited (HEDSIL) is a part of Honeywell International. The company was incorporated in 1984 and has its registered office located in Chennai, Tamil Nadu. The company engaged in the business of manufacturing and trading electrical devices and control systems.
The company’s product portfolio includes wiring devices, cable management, lighting management systems, and circuit protection. It has a national presence with a sales footprint in more than 50 cities, with more than 2500 dealers. The company’s factories are located in Chennai and Dehradun.
Products and Services Offered
They offer complete solutions for Domestic, Industrial, and Commercial Buildings with a large basket of products, including Wiring Devices, Cable Management, Lighting Management, and Home Lighting Controls.
Board of Directors
-
Mr. Inder Jeet Singh, Independent Director
-
Mr. Virender Shankar, Independent Director
-
Mr. Nagendranath Shankarappa, Director
-
Mr. Satish Kumar Agarwal, Director
Dividend Details
The directors do not recommend any dividend for the year ending 31st March 2024.
IPO Details
The company has not provided any information regarding its IPO plans.
Holding Company
Novar ED&S Limited, U.K., is the holding company.
Subsidiaries
The Company has no subsidiary companies as of the end of the financial year on March 31, 2024.
Listing Status
DRHP Not Filed
Honeywell Share Price in India
Investors usually follow Honeywell share price India, particularly its trend in the stock market. Honeywell electrical share price is watched closely by investors interested in the electrical industry.
Honeywell Share Price NSE & BSE
For people searching for up-to-date information, Honeywell share price NSE India and Honeywell share price BSE India are key indicators. NSE Honeywell share price and Honeywell share price BSE are available to access through our website. The latest Honeywell share price today helps investors have the most updated information about market movements.
Registered Office
The registered office of the company is in Chennai, Tamil Nadu, India.
Year Head
The company plans to continue to scale up the new products launched recently by executing the identified Go-to-market strategy. The company’s focus remains on growth through strategic actions including, but not limited to, consolidation of market share in key regions, growth in verticals like Healthcare and Pharma, and strengthening of the Circuit Protection portfolio.
During the upcoming year, the company also aims to launch a new product range- Horizon 2.0 & Harmonize to improve NPI vitality & provide a digital solution for its distributors and channel partners, driving continuous innovation and efficiency in business conduct.
About Honeywell Electrical Devices And Systems India Limited
IPO Details, Price movement
Performance Highlights for FY 2023-24
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The Revenue from operations for the FY24 was Rs. 158 Crores, and for the FY23 was Rs. 151 Crores so there was a slight increase in revenue from operations from the previous year.
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One of the sources of revenue from operations is from Manufactured Products, contributing Rs. 72.60 Crores in FY24 compared to the previous year, which contributed 74.29 Crores in FY23.
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Another source is from Traded Products which Contribute 84.84 Crore in FY24 and Rs. 76.70 Crores in FY23.
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EBIT for the FY24 was slightly less and stood at Rs. 16.1 Crores compared to the previous FY23 stood at Rs. 20.2 Crores.
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The PBT and PAT for the FY24 were Rs. 15.6 Crores and 11.5 Crores, respectively, and for the previous year, that is, FY23, the PBT and PAT were Rs. 19.7 Crores and 16 Crores.
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The Company received the cash inflow of Rs. 16 Crores from operating activities, spent Rs. 2.83 Crores on investing activities, and Rs. 0.89 Crores on financing activities in FY24.
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The Novar ED&S Limited, U.K,. which is the Holding company of Honeywell Electrical Devices and Systems India Limited and holds 91% stake in the company.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 121.40 | 151.19 | 157.67 |
| Other Income | 21.97 | 1.75 | 2.03 |
| COGS | 30.74 | 32.85 | 27.83 |
| Gross Profit | 112.63 | 120.09 | 131.87 |
| Total Expense | 79.20 | 95.53 | 110.73 |
| EBIDTA | 33.43 | 24.56 | 21.14 |
| D&A | 4.38 | 4.37 | 5.06 |
| EBIT | 29.05 | 20.19 | 16.08 |
| Interest Expense | 0.35 | 0.54 | 0.51 |
| PBT | 28.70 | 19.65 | 15.57 |
| TAX | 13.26 | 3.69 | 4.06 |
| PAT | 15.44 | 15.96 | 11.51 |
| Diluted EPS | 162.24 | 167.76 | 120.20 |
| Basic EPS | 162.24 | 167.76 | 120.20 |
| Total income | 143.37 | 152.94 | 159.70 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 62.75 | 85.70 | 97.50 |
| Trade Payables | 33.96 | 37.82 | 44.89 |
| Inventory | 19.81 | 19.75 | 19.23 |
| Other Current Assets | 6.58 | 3.23 | 1.70 |
| Total Current Assets | 123.10 | 146.50 | 163.32 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 10.51 | 12.76 | 10.27 |
| Other Non Current Assets | 15.47 | 13.09 | 13.91 |
| Total Non Current Assets | 25.98 | 25.85 | 24.18 |
| Total Assets | 149.08 | 172.35 | 187.50 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 31.19 | 30.40 | 34.29 |
| Other Current Liab | 21.26 | 29.63 | 30.16 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Other Non Current Liab | 4.08 | 3.53 | 3.32 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 0.95 | 0.95 | 0.95 |
| Other Equity | 91.60 | 107.64 | 118.78 |
| Total Equity | 92.55 | 108.59 | 119.73 |
| Total Liabilities & Equity | 92.55 | 108.59 | 119.73 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | 3.93 | 29.13 | 15.52 |
| Cash Flow from financing | - | -0.81 | -0.94 | -0.89 |
| Cash Flow from investing | - | 21.95 | -5.24 | -2.83 |
| Net cash flow | 0.00 | 25.07 | 22.95 | 11.80 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
- The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
- With BharatInvest, you can now invest in unlisted/pre-ipo shares with as low as 25-50k depending upon the share.
- 1. You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
- 2. Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
- The value of share in unlisted space is determined in the same way as it is done in listed market. Demand and supply decide the price of any share. If the demand more than the supply, then the prices of the share increases and vice versa.
- When a new shares is introduces in the unlisted space, the value of the company is decided upon the last funding raised by company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
- A Public Unlisted Shares Is Not Listed on Stock Exchange, Where as a Listed Public Company Is Listed On Stock Exchange Such As BSE Or NSE For Trading Of Shares.
- If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unli sted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
- If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 12.5% without indexation benefits.
- After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
- Absoluetly NOT! Grey market is all about speculation relation to open price, subscription rate etc. And does not include physical delivery of shares. Whereas in pre ipo market you get to invest in shares much before the ipo too and it involves physical delivery of shares. It is compeletly legal and does not include any such speculation.
- Existing stakeholders, promoters or employees who have equity shares of an unlisted company and early investors who wish to get value of their investment.
- Yes, investing in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market.