VERSUNI INDIA HOME SOLUTIONS LIMITED EQ Unlisted Shares
Philips Domestic Appliances: A Shining Star Emerges from Demerger
Philips Domestic Appliances India Limited (PDAIL), a recent player in the unlisted market, is carving its own path in the world of home appliances. Born from a demerger with Philips India in July 2021, PDAIL, along with Preethi Kitchen Appliances, has stepped into the spotlight, ready to conquer the Indian market.
Unveiling the Demerger Story:
PDAIL’s journey began through a meticulously planned demerger scheme approved by both the Mumbai and Kolkata benches of the National Company Law Tribunal. This move not only granted PDAIL independent wings but also transferred the domestic appliance business assets and liabilities of Philips India to its fold. As a result, shareholders of Philips India received one PDAIL share for each Philips India share held, marking a new chapter for both companies.
Unwrapping the Business:
PDAIL focuses on bringing quality and innovation to homes through its diverse range of products. From everyday essentials like juicers and air fryers to powerful food processors and sleek vacuum cleaners, they cater to every corner of your kitchen and living space. Additionally, their portfolio extends to irons, air purifiers, coffee machines, face shavers, and even electronics like TVs, monitors, projectors, headphones, and speakers.
Unlisted Potential:
With a paid-up capital of INR 57.5 crores and a growing market share in the burgeoning Indian appliance sector, PDAIL presents an intriguing prospect for unlisted share investors. However, as with any unlisted investment, careful research and consideration of market conditions and risks are crucial before making any decisions.
Philips Domestic Appliances India Limited Unlisted Shares
PDAIL Unlisted Share Price
Buy/Sell Philips Domestic Appliances Unlisted Shares
Demerged Indian Appliance Player
Unlisted Shares
Philips Domestic Appliances India Limited Unlisted Shares – Company Overview
name of the company from existing Philips Domestic Appliances India Limited to Versuni India Home Solutions Limited. is a subsidiary of the Dutch multinational company, Royal Philips, which specializes in producing consumer electronics and home appliances. The company offers a wide range of products such as air purifiers, coffee makers, food processors, juicers, mixer grinders, rice cookers, steam irons, and vacuum cleaners. The name of the company is changed from the existing Philips Domestic Appliances India Limited to Versuni India Home Solutions Limited.
Philips Domestic Appliances India Limited aims to provide high-quality, innovative and sustainable products that enhance the lives of their consumers. The company has a strong presence in India, with a wide distribution network of over 700 distributors and 25,000 retail outlets.
The company also has a strong commitment to social responsibility, with initiatives such as providing safe drinking water to rural communities and supporting healthcare programs in India. Philips Domestic Appliances India Limited has won several awards for its products and innovation, including the prestigious Red Dot Design Award.
Overall, Philips Domestic Appliances India Limited is a reputable company that provides high-quality and innovative home appliances to Indian consumers while also being committed to social responsibility.
Philips Domestic Appliances India Limited Unlisted Share Details as of March 31, 2022
| Philips Domestic Outstanding Shares: | 5,75,17,242 |
| Face Value of Philips Domestic Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Philips Domestic Unlisted Share: | INE0FO801019 |
| Lot Size of Philips Domestic Unlisted Share: | 100 Shares |
| Philips Domestic Share Price: | Best in Industry |
| PAN Number of Philips Domestic: | AALCP2532N |
Philips Domestic Appliances India Limited Incorporation Details
CIN of Philips Domestic Appliances |
U29308WB2020PLC238116 |
Incorporation Date of Philips Domestic Appliances |
17 July 2020 |
Category/Sub-category of Philips Domestic Appliances |
Limited by Shares/ Non-govt company |
Philips Domestic Appliances Registered office and contact details |
3rd Floor, Tower A, DLF IT Park,08 Bloc AF Major Arterial Road, New Town (Rajarhat) Kolkata WB 700156 IN |
Philips Domestic Appliances Registrar and Transfer Agent |
Kfin Technologies Limited
Karvy Selenium Tower-B, Plot No. 31-32, Gachibowli Financial District, Hyderabad- 500 032 |
Philips Domestic Appliances India Limited Principal Business Activities
| Name and Description of main products/services | NIC Code of the product/services | % to the total turnover of the Company |
| Other Information Technology & Computer Services Activities | 6311 | 100% |
Philips Domestic Appliances India Limited Board of Directors
Mr. Susim Mukul Datta, Chairman & Independent Director
Mr. Gulbahar Taurani, Vice-Chairman & Managing Director
Mr. Anil Chandak, Whole Time Director and Chief Financial Officer
Ms. Anisha Motwani, Independent Director
Mr. Rajiv Mathur, Whole Time Director & Company Secretary
Mr. Sudeep Agrawal, Director
Particulars of Subsidiary and Associate Companies of Philips Domestic Appliances India Limited
The Company does not have any Subsidiary, Joint Venture or Associate Company.
Philips Domestic Appliances India Limited Shareholding Pattern (As of 31-03-2022)
| S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
| 1. | Promoter Group | 5,52,90,242 | 96.13% |
| 2. | Public Shareholding | 22,27,000 | 3.87% |
| Total | 5,75,17,242 | 100.00% |
Industry Outlook of Domestic Appliances
The domestic appliances industry in India is expected to grow at a steady pace in the coming years, driven by several factors such as rising disposable income, changing lifestyle patterns, urbanization, and increasing awareness about energy-efficient and eco-friendly appliances. According to market research, the Indian domestic appliances market is expected to reach $74.6 billion by 2025, growing at a CAGR of 13.5% from 2020 to 2025.
The increasing penetration of online retail platforms and the growing popularity of e-commerce channels are expected to drive the growth of the domestic appliances market in India. The trend of online shopping has gained significant momentum in recent years, as consumers are increasingly looking for convenient and hassle-free shopping experiences.
Another major trend in the domestic appliances industry in India is the rising demand for energy-efficient and eco-friendly appliances. With the increasing focus on sustainable development and the need to reduce carbon footprint, consumers are opting for appliances that consume less electricity and are environment-friendly. This has led to a shift towards the use of inverter technology in refrigerators, air conditioners, and washing machines, which are more energy-efficient and save on electricity bills in the long run.
In conclusion, the domestic appliances industry in India is poised for significant growth in the coming years, driven by changing consumer preferences, rising disposable income, and the increasing popularity of e-commerce channels. With the increasing focus on sustainable development, the demand for energy-efficient and eco-friendly appliances is expected to rise, leading to a shift towards the use of inverter technology in various appliances.
PHILIPS DOMESTIC APPLIANCES INDIA Limited Balance Sheet (In Rs. Millions)
| Particulars | 31-Mar-23 | 31-Mar-22 |
| ASSETS | ||
| Non-current assets | ||
| Property, Plant and Equipment | 541 | 529 |
| Capital work-in-progress | – | – |
| Right-of-use Assets | 250 | 230 |
| Goodwill | 1,191 | 1,191 |
| Financial Assets | ||
| Other financial assets | 58 | 34 |
| Deferred tax assets (net) | – | 487 |
| Income tax asset (net) | 85 | 66 |
| Other non-current assets | 23 | 33 |
| Total Non-Current Assets | 2,148 | 2,570 |
| Current assets | ||
| Inventories | 2,038 | 2,240 |
| Financial Assets | ||
| Trade receivables | 1,235 | 1,011 |
| Cash and cash equivalents | 1,812 | 1,123 |
| Bank balances other than (b) above | 21 | 7 |
| Other Financial Assets | 3 | – |
| Other current assets | 72 | 146 |
| Total Current Assets | 5,181 | 4,527 |
| TOTAL ASSETS | 7,329 | 7,097 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Equity share capital | 575 | 575 |
| Other Equity | 3,132 | 3,121 |
| Equity attributable to equity shareholders | 3,707 | 3,696 |
| Deferred tax liability (net) | 19 | – |
| Financial Liabilities | ||
| Lease liabilities | 226 | 210 |
| Provisions | 187 | 190 |
| Total Non-current Liabilities | 432 | 400 |
| Current liabilities | ||
| Lease liabilities | 54 | 36 |
| Trade Payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 520 | 142 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 2,062 | 2,367 |
| Other financial liabilities | 24 | 9 |
| Other current liabilities | 226 | 208 |
| Provisions | 304 | 240 |
| TOTAL EQUITY AND LIABILITIES | 3,190 | 3,002 |
PHILIPS DOMESTIC APPLIANCES INDIA Limited Profit & Loss Statement (In Rs. Millions)
| Particulars | 31-Mar-23 | 31-Mar-22 |
| Income | ||
| Revenue from operations | 17,807 | 17,387 |
| Other income | 152 | 74 |
| Total Income | 17,959 | 17,461 |
| Expenses | ||
| Cost of material consumed | 2,891 | 2,904 |
| Purchases of stock-in-trade | 8,179 | 9,021 |
| and stock-in-trade | 201 | -794 |
| Employee benefits expense | 1,402 | 1,260 |
| Finance costs | 29 | 28 |
| Depreciation and amortization expense | 199 | 168 |
| Other expenses | 3,103 | 3,026 |
| Total expenses | 16,004 | 15,613 |
| Profit before tax | 1,955 | 1,848 |
| Tax expense | ||
| Current tax | – | – |
| Deferred tax (charge)/ credit | -506 | -476 |
| Profit for the year | 1,449 | 1,372 |
| Total Comprehensive Income for the year | 1,449 | 1,364 |
| Earnings per equity share | ||
| Basic earnings per equity share of Rs.10 each (in INR) | 25 | 24 |
| Diluted earnings per equity share of Rs.10 each (in INR) | 25 | 24 |
| PARTICULARS | 2022-2023 |
| EBITDA | 3.10 % |
| Net worth | 0.30 % |
| Return on Equity | 0.3909 |
| Total Assets | 3.27 % |
| Fixed Assets | 5.33 % |
| Current Assets | 14.45 % |
| Current Liabilities | 6.15 % |
| Trade Receivables | 22.16 % |
| Trade Payables | 2.78 % |
| Current Ratio | 1.62 |
Insight of the financial ratios of Philips Domestic Appliances India for March 31, 2023
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):
EBITDA margin is 3.10%. This indicates that the company is generating a profit of 3.10% on its revenue before accounting for interest, taxes, and non-cash expenses. It ‘s a measure of operating profitability.
Net Worth:
Net worth as a percentage of total assets is 0.30%. This ratio reflects the proportion of the company ‘s assets that are financed by shareholders ‘ equity. A low percentage may suggest a higher reliance on debt.
Return on Equity (ROE):
Return on Equity is 0.3909, or 39.09%. This measures the company ‘s ability to generate a profit from shareholders ‘ equity. A higher ROE is generally considered favourable as it indicates efficient use of equity to generate profits.
Total Assets:
Total assets have grown by 3.27%. This indicates an increase in the company ‘s total assets over the period, which could be due to various factors such as investments, acquisitions, or organic growth.
Fixed Assets:
Fixed assets have grown by 5.33%. This suggests an increase in long-term, non-current assets like property, plant, and equipment. It could signify investment in infrastructure or capacity expansion.
Current Assets:
Current assets have grown significantly by 14.45%. This includes assets like cash, receivables, and inventory. A substantial increase in current assets may indicate improved liquidity.
Current Liabilities:
Current liabilities stand at 6.15%. This represents the company ‘s short-term obligations. A moderate current liability ratio is generally positive, indicating a manageable level of short-term debt.
Trade Receivables:
Trade receivables have increased by 22.16%. This could be a signal of increased credit sales. It ‘s important to monitor the collection of receivables to ensure efficient cash flow.
Trade Payables:
Trade payables stand at 2.78%. This represents the company ‘s short-term obligations to suppliers. A low ratio may indicate prompt payment to suppliers or negotiation for favourable payment terms.
Current Ratio:
The current ratio is 1.62. This ratio measures the company ‘s ability to cover its short-term liabilities with its short-term assets. A ratio above 1 suggests the company can meet its short-term obligations.
These financials provide a snapshot of the company ‘s financial health, profitability, liquidity, and asset management. It ‘s essential to consider industry benchmarks and historical data for a comprehensive analysis and to understand the context behind the numbers.
Dividend history of Philips Domestic Appliances India Limited
| Particulars | 2023 | 2022 |
| Dividend (final + interim) (In Rs.) | – | – |
| Retained Earnings (Rs. in Million) | 1,367 | 1,356 |
