Signify Innovations India Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹1,400
- Market Cap
- ₹8,109.93 Cr
- ISIN
- INE045U01015
- Face Value
- ₹10
- P/E Ratio
- 30.14
- EPS
- 46.77
- P/B Ratio
- 14.77
- Book Value
- 95.45
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric |
|---|
| Revenue from Operations |
| Growth % |
| Operating Expenses |
| Growth % |
| Operating Profit |
| Op. Profit Margin % |
| Other Income |
| Finance Costs |
| Depreciation |
| Exception Items |
| Profit Before Tax |
| Tax |
| Tax % |
| Profit After Tax |
| Growth % |
| PAT % |
| Diluted EPS |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Equity Capital | 57.5 | 57.5 | 57.5 | 57.52 | 57.52 |
| Reserves | 491.5 | 584.9 | 535.2 | 663.4 | 442 |
| Total Equity | 549.0 | 642.4 | 592.7 | 720.9 | 499.8 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 127.6 | 124.9 | 122.7 | 132.6 | 110.1 |
| Total NC Liabilities | 127.6 | 124.9 | 122.7 | 133 | 110.1 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 926.3 | 943.3 | 875.8 | 1,011.8 | 721.8 |
| Total Current Liabilities | 926.3 | 943.3 | 875.8 | 1,012 | 721.78 |
| Equity + Liabilities | 1,602.9 | 1,710.6 | 1,591.2 | 1,865.3 | 1,331.7 |
| Fixed Assets (incl. WIP) | 298.6 | 321.7 | 288.9 | 289.5 | 265.5 |
| Other Non Current Assets | 134.2 | 122.1 | 41.5 | 46.8 | 65.2 |
| Total NC Assets | 432.8 | 443.8 | 330.4 | 336.3 | 330.7 |
| Trade Receivables | 242.4 | 268.8 | 232.8 | 228 | 250.2 |
| Cash & Cash Equivalents | 484.4 | 565.5 | 576.4 | 876.6 | 276.8 |
| Other Current Assets | 443.3 | 432.5 | 451.6 | 424.4 | 453.2 |
| Total Current Assets | 1170.1 | 1266.8 | 1260.8 | 1,529 | 980.2 |
| Assets classified as held for sale | 0 | 0 | 0 | 0 | 20.8 |
| Total Assets | 1,602.9 | 1,710.6 | 1,591.2 | 1,865.3 | 1,331.7 |
Shareholding Pattern
- Indian Farmers Fertilisers Cooperative Ltd
- 96.13%%
- Others
- 3.87%%
Strengths & Weaknesses
Strengths
- Leading market position: The company is a market leader in home, commercial, and professional lighting despite competition from Havells and Bajaj Electricals. It holds the highest market share among organized players and has capitalized on the growth of digital and professional lighting products.
- Healthy financial risk profile: With no debt, steady operating performance, and cost-cutting measures, the company’s EBITDA margin improved to 13.6% in fiscal 2023. Minimal gearing and strong interest coverage are expected to continue.
- Strong support from parent: The parent company, Signify NV, provides technical and operational support, with India being a key market in its global growth strategy. New products are launched simultaneously in India to drive growth.
- Dividend payouts and liquidity: Despite expected dividend payouts of Rs 350 crore in fiscal 2024, the company’s liquidity remains comfortable, with no impact on its capital structure anticipated.
Weaknesses
- Technological shifts: Rapid transition from traditional lighting to LED affects the company, but growth in LED and professional segments helps balance the decline.
- High competition: Strong competition, including from Chinese imports, has lowered LED prices, but the company’s leadership and efficiency offer a competitive edge.
About Signify Innovations India Ltd
Signify Innovations India Limited (SIIL), originally incorporated as Philips Lighting India Limited (PLIL) on April 22, 2015, was established as part of Koninklijke Philips NV's (KPNV) plan to separate its lighting business from its health-tech division. On December 13, 2018, the company changed its name from PLIL to SIIL.
Board of Directors
- Mr. Vinayak Kashinath Deshpande - Chairman and Independent & Non-Executive Director
- Mr. Sumit Padmakar Joshi - Vice- Chairman, Managing Director & CEO
- Mr. Vikas Malhotra - Whole-Time Directors
- Mr. Dibyendu Raychaudhury (CFO) - Whole-Time Directors
- Ms. Sangeeta Tanwani - Independent & Non-Executive Directors
- Mr. Dilip Jose Puthiyidathu - Independent & Non-Executive Directors
Senior Management
- Mr. Sumit Padmakar Joshi - Managing Director & CEO
- Mr. Dibyendu Raychaudhury - CFO
- Mr. Nitin Mittal - Head of Legal & Company Secretary
- Mr. Harvinder Kumar - Deputy Company Secretary
