Honeywell Electric devices and Systems India Limited |Latest Share Price & Updates
Company Overview
Honeywell Electric devices and Systems India Limited is engaged in the business of manufacturing as well as trading of electrical devices and control systems. It has actually remained in India for over two decades, and also is the leading player in the electrical wiring devices and also accessories market.
Honeywell Electrical Devices And Systems India Limited is a public company which was incorporated on 22 August 1984. Honeywell Electrical Devices And Systems India Limited is the subsidiary of Honeywell International Inc., a Fortune 100 company.
Multy Kontact (MK) is the frontrunner brand name of Honeywell International, established by Charles Arnold on February 10, 1919 which has been supplying electrical connections and also security systems. In India, the company has its registered office and factory in Pune, and branch offices in key cities, including Chennai, Bangalore, Kolkata, Mumbai, Jamshedpur, Vadodara, Ahmedabad, Hyderabad and Gurugram. The company has its presence in Dubai and the USA also.
MK has a sales footprint in greater than 50 cities in the nation. With more than 2,500 dealerships MK items are readily available throughout the country.
Products that are offered by the companies include:
- Wiring Devices:Â Elements, Collection, Aspect, Blenze, Wrap around and many more.
- Cable Management:Â Floor, Walls and many more.
- Lightning Management:Â Lightspot, MLS and Accessories.
- MK Astral:Â Switch modules, Dimmer modules, Remote controller and many more.
- Circuit Protections:Â Isolators, Miniature circuit breakers and Distribution boards.
The company earns 54% of its revenue from the domestic market and 46% from exports. Honeywell International Inc. The ultimate holding company, holds 75% of the paid-up capital of the company as of 31st March 2020 through HAIL Mauritius Limited (earlier, Honeywell Asia Pacific Inc.).
| Symbol: | Honeywell Electrical Devices & Systems India Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE848Y01014 |
| Demat Status: | NSDL & CDSL |
| Lot Size: | 10 Shares |
Board of Directors :
| Name | Destination |
|---|---|
| Mr.Satish Kumar Agarwal | Director |
| Mr.Virender Shankar | Director |
Key Business Highlights
- Market leader in residential and commercial security and electrical product categories viz. switches, sockets, cable and lighting management systems and other wiring devices.
- Consistent investment in R&D to develop new and better quality products and reduce raw material consumption costs.
- Net debt-free company.
- Backed by strong parent (Honeywell International, one of the world’s biggest and well-diversified corporate group)
Ratio
| Ratio | FY22 | FY21 |
|---|---|---|
| Operating Margin | 20% | -10% |
| Net Profit Margin | 11% | -10% |
| Return on Equity | 17% | -11% |
| Debt-Equity | 0.03 | 0.05 |
| Current Ratio | 2.41 | 2.00 |
| Dividend Payout | 0% | 0% |
Note:-Â Dividend payout = Total Dividend/Net Income.
It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.
Financial Highlights
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 |
|---|---|---|---|---|
| Total Income (₹ Crores) | 143.37 | 88.86 | 107.83 | 130.73 |
| PAT (₹ Crores) | 15.44 | -8.69 | 0.18 | -21.08 |
| Diluted EPS | 162.24 | -91.32 | 1.89 | -221.51 |
| Book Value per Share (₹) | 972.53 | 809.34 | 899.39 | 905.49 |
| Equity (₹ Crores) | 92.55 | 77.02 | 85.59 | 86.17 |
Peer Comparison
| Company | Market Cap (₹ Crores) | Profitability Margin (%) | ROCE (%) | ROE (%) | D/E Ratio | P/E Ratio | P/B Ratio | Book Value per Share (₹) |
|---|---|---|---|---|---|---|---|---|
| Honeywell Electrical Devices & Systems India Ltd | 418 | 11% | 30% | 17% | 0.03 | 27.06 | 4.51 | 972.53 |
| Dixon Technologies Ltd | 26581 | 2% | 19% | 19% | 0.46 | 133.36 | 25.67 | 168.04 |
| Mirc Electronics Ltd | 415 | -3% | -13% | -14% | 1.44 | 0.00 | 1.45 | 7.00 |
Media Updates
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Frequently Asked Questions
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
The procedure to buy the Honeywell Electrical Devices unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller.
When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.Â
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In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
The Honeywell Electrical Devices shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
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The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Honeywell Electrical Devices Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.inÂ
There are many factors that influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, the last funding round of the company, and the valuation level of companies of a similar size affect the pricing of the unlisted shares.Â
Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds will be released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.Â
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If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor.
If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.
The trading in unlisted shares is governed by Securities & Contract (Regulation) Act,1992 which comes under the preview of SEBI. The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors.Â
The major risk associated with investing in unlisted stocks is liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange.Â
Yes, NRI’s can also buy and sell Honeywell Electrical Devices unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.Â
