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HONEYWELL· ISIN INE848Y01014· Gurugram, Haryana, India· Est. 1984 Verified
Honeywell Electrical Devices and Systems India Unlisted Shares logo

Honeywell Electrical Devices and Systems India Unlisted Shares

Consumer Electronics
₹8,500+0.00%

vs. prev. close ₹8,500

52W High

₹8,500

52W Low

₹8,500

Market cap

₹809 Cr

IPO stage

No DRHP filed

CIN

U31901TN1984PLC011107

Price History

52W High

₹8,500

52W Low

₹8,500

About Honeywell Electrical Devices and Systems India Unlisted Shares

Honeywell Electrical Devices and Systems India is a debt-free, Honeywell-affiliated electrical devices manufacturer with improving profitability and a clean governance record, though revenue growth remains modest and partly constrained by product-portfolio gaps in the premium home automation space, making this a steady, quality-anchored name rather than a high-growth story.

Short Version :

Honeywell Electrical Devices and Systems India Limited is a Chennai-headquartered manufacturer and trader of electrical devices and control systems, switches, sockets, cable management systems, lighting management systems and other wiring devices, operating a manufacturing facility at Selaqui, Dehradun under brands including EVO, Blenze Pro and Horizon. The company is a subsidiary of Novar ED&S Limited, UK (part of the Honeywell International group). FY26 revenue was Rs 163.24 crore, up from Rs 157.51 crore in FY25, with PAT of Rs 13.73 crore (Rs 8.87 crore FY25). Book value stood at Rs 1,496.58 per share (Rs 1,350.47 FY25) with EPS of Rs 144.31 (Rs 93.19 FY25) and ROE of 9.64% (6.90% FY25). The company is debt-free, holds Rs 99.23 crore in cash and equivalents, and paid no dividend during the year, retaining profits for growth.


Why It Trades Where It Does :

Honeywell Electrical Devices sits in India's organized electrical wiring devices and switchgear segment, competing in a category anchored by premium residential and commercial real estate demand, a segment that saw stable-to-resilient growth in FY26 aided by lower home loan rates and continued commercial office and infrastructure activity. As a Honeywell-affiliated manufacturer with access to parent-group product and technology platforms, the company carries strong brand and governance credibility, reflected in a debt-free balance sheet, consistently profitable operations, and an unqualified audit opinion. FY26 profitability improved meaningfully on a stable revenue base, though growth was partly constrained by the temporary unavailability of the company's IoT-enabled wiring devices portfolio in the premium residential market, a gap management is actively working to close alongside new product launches (Nucleus 2.0) and expansion into healthcare and pharmaceutical verticals.


Top Risk :

  • The company's New Product Introduction (NPI) vitality index stood at 56%, and management has flagged that the absence of a comprehensive home automation offering continues to constrain growth opportunities in the premium residential segment against competition.

  • Revenue growth was modest (3.6% year-on-year) despite the stated resilience in end-markets, suggesting some execution or portfolio gaps versus demand conditions.

  • Disputed statutory dues (VAT, GST, and income tax matters spanning FY2007-08 to FY2021-22, under various appellate authorities) total approximately Rs 2.56 crore, not yet resolved.

  • Director remuneration paid in FY26 exceeded Companies Act limits by Rs 82 lakh, requiring shareholder ratification, and the auditor flagged database-level audit-trail gaps in the company's ERP and third-party payroll software under Rule 11(g) reporting requirements.

  • The company operates as a wholly dependent subsidiary of a foreign parent (Novar ED&S Limited, UK, under Honeywell International Inc.), meaning strategic direction, product roadmap and technology access are set at the group level rather than independently by the India entity.

Top Opportunities :

  • The company is debt-free (CARO confirms no borrowings from any lender) with a strong cash position of Rs 99.23 crore, FY26 operating cash flow of Rs 19.41 crore (reversing a FY25 outflow), and no cash losses in either year.

  • PAT grew approximately 55% year-on-year and ROE improved from 6.90% to 9.64%, indicating improving capital efficiency even without revenue acceleration.

  • Strategic growth initiatives are underway: expansion into Healthcare and Pharmaceuticals verticals, enhancement of the Circuit Protection portfolio, the planned FY27 launch of Nucleus 2.0, and continued investment in the EVO and Horizon product ranges.

  • Access to Honeywell International's global product and technology platforms as a group affiliate provides a meaningful competitive moat versus purely domestic players.

  • Energy efficiency and sustainability initiatives at the Hopetown manufacturing facility (10.8% energy savings in FY26, a 332 KWP rooftop solar installation, multiple industry quality awards) support operational cost discipline and ESG positioning.


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Company Details

Industry

Consumer Electronics

Founded

1984

Headquarters

Gurugram, Haryana, India

Min Lot Size

1

Face Value

₹10.00

Regulatory Information

Corporate Identity Number (CIN)

U31901TN1984PLC011107

PAN Number

AAACM4378E

ISIN

INE848Y01014

Key Valuation Ratios

As of FY2026 Annual · updated 21 Oct 2026Derived

Valuation

Market Cap

—

P/E Ratio

—

P/S Ratio

—

P/B Ratio

—

EV / EBITDA

—

Returns & Per Share

ROE

9.64%

EPS

—

Book Value / Share

—

Solvency

Debt / Equity

0.00×

Interest Coverage

141.57×

Company Fundamentals

As of FY2026 Annual · updated 21 Oct 2026

Gross Profit

₹124.11 Cr

EBITDA

₹24.41 Cr

Revenue Growth

3.64%

Profit Margin

8.41%

Performance Trends

5 annual periods · derived from filed statements

As of FY2026 Annual · updated 21 Oct 2026

Revenue

₹ Cr

Net Profit

₹ Cr · losses in red

Return on Equity

ROE %

Return on Capital Employed

ROCE %

Debt-to-Equity

0.00×

EBITDA Margin

14.95%

Interest Coverage

141.57×

Financial Statements

As of FY2026 Annual · updated 21 Oct 2026
Disclosed reportedDerived calculated
Line itemFY2022FY2023FY2024FY2025FY2026
Total Income
Revenue from operationsDisclosed121.4₹ Crore151.19₹ Crore157.67₹ Crore157.51₹ Crore163.24₹ Crore
Other incomeDisclosed21.97₹ Crore1.75₹ Crore2.03₹ Crore5.12₹ Crore5.53₹ Crore
Total IncomeDerived143.37₹ Crore152.94₹ Crore159.7₹ Crore162.63₹ Crore168.77₹ Crore
Expenses
Cost of goods soldDisclosed30.74₹ Crore32.85₹ Crore27.83₹ Crore37.56₹ Crore39.13₹ Crore
Purchases of stock-in-tradeDisclosed37.48₹ Crore49.99₹ Crore56.32₹ Crore48.05₹ Crore39.48₹ Crore
Changes in inventoriesDisclosed-3.59₹ Crore-2.73₹ Crore1.77₹ Crore-1.11₹ Crore3.3₹ Crore
Employee benefits expenseDisclosed23.25₹ Crore26.76₹ Crore27.61₹ Crore32.44₹ Crore35.38₹ Crore
Finance costsDisclosed35₹ Lakh54₹ Lakh51₹ Lakh20₹ Lakh14₹ Lakh
Depreciation and amortization expenseDisclosed4.38₹ Crore4.37₹ Crore5.06₹ Crore4.15₹ Crore4.59₹ Crore
Manufacturing expensesDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Operating expensesDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore0₹ Crore
Other expensesDisclosed22.06₹ Crore21.51₹ Crore25.11₹ Crore29.43₹ Crore25.71₹ Crore
Total ExpensesDerived114.67₹ Crore133.29₹ Crore144.21₹ Crore150.72₹ Crore147.73₹ Crore
Profit
Exceptional itemsDisclosed0₹ Crore0₹ Crore0₹ Crore0₹ Crore-1.36₹ Crore
Profit before taxDerived28.7₹ Crore19.65₹ Crore15.49₹ Crore11.91₹ Crore19.68₹ Crore
Current tax expenseDisclosed3.3₹ Crore4.44₹ Crore4.71₹ Crore2.79₹ Crore4.64₹ Crore
Deferred tax expenseDisclosed68₹ Lakh-75₹ Lakh-77₹ Lakh25₹ Lakh30₹ Lakh
Tax expenseDisclosed13.26₹ Crore3.69₹ Crore4.05₹ Crore3.04₹ Crore5.95₹ Crore
Profit After TaxDerived15.44₹ Crore15.96₹ Crore11.44₹ Crore8.87₹ Crore13.73₹ Crore
Other comprehensive incomeDisclosed8₹ Lakh-4₹ Lakh-40₹ Lakh-26₹ Lakh19₹ Lakh
Total Comprehensive IncomeDerived15.52₹ Crore15.92₹ Crore11.04₹ Crore8.61₹ Crore13.92₹ Crore

Documents Library

Access all financial reports and filings

Annual Report

annual report 2025

2025
0.6 MB

annual report 2026

2026
0.6 MB

annual report 2021

2021
1.4 MB

annual report 2022

2022
1.0 MB

annual report 2023

2023
0.8 MB

annual report 2024

2024
2.1 MB

Shareholding Pattern

Novar ED&S Limited, U.K. (Holding company)

87.00%

Others

13.00%

S

Satish Agarwal

Director

20+

N

Nagendranath Shankarappa

Director

20+

Express buy interest

No commitment — the desk will reach out

Current Price

₹8,500
+0.00%
Min lot: 1
Price/share₹8,500
Quantity100
Estimated Total₹8,50,000

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

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52 Week Range
₹8,500
₹8,500

About Honeywell Electrical Devices and Systems India Unlisted Shares unlisted shares

Indicative · updated daily

Honeywell Electrical Devices and Systems India unlisted share price today

Honeywell Electrical Devices and Systems India unlisted share price today is ₹8,500 as of 21 October 2026.

Honeywell Electrical Devices and Systems India Unlisted Shares — frequently asked questions

What is the grey market price for Honeywell Electrical Devices and Systems India?

No IPO is currently announced for Honeywell Electrical Devices and Systems India, so no grey market exists; the price above reflects Priveq's own desk valuation.

Has Honeywell Electrical Devices and Systems India filed for an IPO, and when might it list?

Honeywell Electrical Devices and Systems India has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does Honeywell Electrical Devices and Systems India compare to its listed peers?

There is no closely comparable listed company for Honeywell Electrical Devices and Systems India in India today.

Is Honeywell Electrical Devices and Systems India on the SME or Mainboard IPO track?

Honeywell Electrical Devices and Systems India has not filed a draft red herring prospectus, so no IPO track is set yet.

What is Honeywell Electrical Devices and Systems India's CIN and registered office?

Honeywell Electrical Devices and Systems India's Corporate Identity Number is U31901TN1984PLC011107, registered at Gurugram, Haryana, India.

What is Honeywell Electrical Devices and Systems India's market capitalisation?

Honeywell Electrical Devices and Systems India's market capitalisation is approximately ₹809 crore, based on its current unlisted share price.

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Buying, selling and holding unlisted shares

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How do I buy Honeywell Electrical Devices and Systems India unlisted shares?

Priveq Investech Private Limited is the named counterparty on every transaction. To buy Honeywell Electrical Devices and Systems India unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Honeywell Electrical Devices and Systems India shares are transferred off-market straight to your demat account, with no pooling and no middlemen.

How do I sell Honeywell Electrical Devices and Systems India unlisted shares?

Submit an Express Sell Interest for Honeywell Electrical Devices and Systems India through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Honeywell Electrical Devices and Systems India shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.

What is the minimum investment for Honeywell Electrical Devices and Systems India unlisted shares?

Minimum investment varies by company and is shown as the Min Investment figure on this page. Honeywell Electrical Devices and Systems India's minimum is ₹8,500.

Is there a maximum investment limit?

There's no fixed maximum investment limit for Honeywell Electrical Devices and Systems India unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.

Is buying Honeywell Electrical Devices and Systems India unlisted shares legal in India?

Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.

What is the lock-in period for Honeywell Electrical Devices and Systems India unlisted shares?

Honeywell Electrical Devices and Systems India has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.

What happens if Honeywell Electrical Devices and Systems India's IPO is delayed or withdrawn?

If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.

How are capital gains on Honeywell Electrical Devices and Systems India unlisted shares taxed?

If you sell unlisted shares, including Honeywell Electrical Devices and Systems India, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Honeywell Electrical Devices and Systems India lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.

Can NRIs invest in Honeywell Electrical Devices and Systems India unlisted shares?

Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.

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No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.

How does Priveq determine the desk price for Honeywell Electrical Devices and Systems India?

Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Honeywell Electrical Devices and Systems India specifically, broader sentiment in the unlisted and pre-IPO market, how Honeywell Electrical Devices and Systems India's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.

Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.

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