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UNLISTED COMPANY PROFILE

HONEYWELL ELECTRICAL DEVICES AND SYSTEMS INDIA LTD. (RAYS FUTURE)

INDUSTRIALS LINE
INDICATIVE PRICE / SHARE
₹8,500
▲ +0.0% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2024

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹8,500
₹5,000
15 May 2407 Aug 2602 Sept 26

ALL-TIME LOW
₹5,000
ALL-TIME HIGH
₹8,500
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹809 Cr
Indicative price × reported outstanding shares
Min. investment
₹42,500
Indicative price × lot size
Lot size
5
P/E ratio
91.21
P/B ratio
5.84
EPS
93.19
ROE
7.01%
Book value
₹1454.86
Face value
₹10
ISIN
INE848Y01014
Company security identifier
THE BUSINESS · HOW IT EARNS

Honeywell Electrical Devices and Systems India Limited is an unlisted Indian public company and a subsidiary of Novar ED&S Limited, U.K. Its audited accounts say it is principally engaged in manufacturing and trading electrical devices and control systems. The company’s product categories include switches, sockets, cable management systems, lighting management systems and other wiring devices. Manufacturing is carried out at its works in Selaqui Industrial Area, Dehradun. The FY24 statement of profit and loss reports revenue from operations alongside separate material-consumption, stock-in-trade purchase, employee, depreciation, finance and other-expense lines. That reporting structure describes a model combining factory production with trading of finished electrical products. Its operating cycle is defined as twelve months, based on the period between acquisition of assets for processing and their conversion into cash or cash equivalents. The company earns from supplying and trading wiring, control and associated electrical-device products while maintaining manufacturing capacity for those product lines.

About this company

Honeywell Electrical Devices and Systems India Limited (HEDSIL) is an unlisted public company incorporated in 1984 with its registered office in Chennai, Tamil Nadu. The company manufactures and trades electrical devices and control systems, with a product portfolio spanning wiring devices, cable management, lighting management systems and circuit protection. It operates manufacturing facilities in Chennai and Dehradun (Hopetown), maintains a dealer network across multiple Indian cities, and exports selected products. In recent years HEDSIL has refreshed its affordable and mid-segment ranges through its Impact product line and addressed the premium segment through the Blenze Pro range. The company is majority-owned by Novar ED&S Limited, U.K., which holds roughly 91% of its equity, placing it within the broader Honeywell International group. As a share traded in the unlisted market, HEDSIL carries higher risk and materially lower liquidity than listed securities, and valuations may move with limited transparency. This page presents factual information only and does not constitute investment advice.

COMPANY AT A GLANCE
Sector lineIndustrials
SettlementNSDL / CDSL
Incorporated1984
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U31901TN1984PLC011107
PAN
AAACM4378E
Incorporated
1984
Outstanding shares
9,51,640
Registered office
5th, 6th and 7th Floors, North Tower, KRM Plaza No. 2, Harrington Road, Chetpet, Chennai 600031, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY21FY22FY23FY24FY25
REVENUE8,54812,14015,11915,76715,751
PAT-8691,5441,5961,144887
EPS (₹)-9116316812093
PAT MARGIN-10%13%11%7%6%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Inder Jeet Singh
Managing Director
Satish Agarwal
Director
Nagendranath Shankarappa
Director
COMPANY TIMELINE · EVENTS
GLEIF records a completed headquarters-address change, validated with an accounts filing. (24 Apr 2024)
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Honeywell Electrical Devices And Systems India Ltd. (Rays Future) listed on the stock exchange?+

No. As of 2 September 2026, Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Honeywell Electrical Devices And Systems India Ltd. (Rays Future) unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is ₹8,500 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Honeywell Electrical Devices And Systems India Ltd. (Rays Future) unlisted shares?+

The displayed unit count is 5 share(s); at the indicative price of about ₹8,500, the displayed amount is approximately ₹42,500. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Honeywell Electrical Devices And Systems India Ltd. (Rays Future)?+

The recorded ISIN of Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is INE848Y01014. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Honeywell Electrical Devices And Systems India Ltd. (Rays Future) unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
INDUSTRIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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