Signify Innovations India Limited Unlisted Shares
Signify: Illuminating a Brighter Future
Beyond Bulbs: A World Connected by Light
Forget simple lamps; Signify is redefining what lighting can do. We’re not just the world’s leading lighting company; we’re pioneers in shaping a smarter, safer, and more sustainable future through the power of light.
From Philips to Signify: A New Dawn
We may have inherited the legacy of Philips Lighting, but Signify marks a bold new chapter. Our name captures the essence of what we do: transforming light into an intelligent language, connecting devices, places, and people to build a brighter world.
Beyond Illumination: Connecting the Dots
Signify goes beyond providing high-quality, energy-efficient lighting. We turn light sources into data points, fueling a network of intelligent connections. Imagine buildings responding to your needs, cities optimizing traffic flow, and homes adapting to enhance your well-being – all through the power of light.
Innovation at Our Core, Sustainability in Our Soul
For over 100 years, we’ve been lighting the way through innovation. Our robust intellectual property portfolio speaks volumes about our commitment to pushing boundaries. And we’re not just driven by progress; we’re dedicated to sustainability. Through the Signify Foundation, we bring light and empowerment to communities around the world, promoting energy efficiency and a brighter future for all.
Invest in the Future of Light
As a publicly listed company on Amsterdam’s Euronext Stock Exchange, Signify offers investors the opportunity to be part of this transformative journey. Join us in illuminating a future where light not only brightens our homes, but connects our world and shapes a better tomorrow.
This rewritten content condenses the original information while focusing on Signify’s key differentiators:
Beyond illumination: Connecting devices, places, and people through intelligent light.
Innovation and sustainability: A legacy of pioneering new technologies and a commitment to responsible growth.
Investment opportunity: Join a publicly traded company shaping the future of light.
This concise and impactful message aims to engage readers and potential investors, showcasing Signify’s unique position and vision for a brighter future.
Financial performance
| 2019 | 2020 | |
| Comparable sales growth | (4.6)% | (12.7)% |
| Nominal sales growth | (1.8)% | 4.1% |
| Adjusted EBITA margin | 10.4% | 10.7% |
| Net income | 267 | 335 |
| Free cash flow | 529 | 817 |
| Net cash provided by operating activities | 599 | 891 |
| Sales | 3,252 | 2,288 | 943 |
| Comparable sales growth | (14.4)% | (8.3)% | (16.5)% |
| Nominal sales growth | 22.8% | (5.1)% | (18.7)% |
| EBITA margin | 7.1% | 12.1% | 15.8% |
| Adjusted EBITA margin | 10.2% | 12.9% | 18.0% |
Investing in unlisted shares is a complex and risky undertaking. It’s essential to conduct thorough research, consult with qualified financial advisors, and understand the risks involved before making any investment decisions.
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Signify Innovations India Limited: Shining Bright in the Unlisted Market
Signify Innovations India Limited (SII), formerly known as Philips Lighting India, is the Indian arm of Signify, the global leader in lighting solutions. They offer a diverse range of high-quality, energy-efficient lighting products, systems, and services catering to various sectors like commercial, industrial, and residential.
Here’s why SII might be an interesting prospect for unlisted stock investment:
Potential Growth Drivers:
Strong parent company: Signify, the parent company, is a global leader with established R&D capabilities and a strong brand presence. This potentially translates to technology upgrades, product innovations, and market expansion benefits for SII.
Focus on LED and smart lighting: The Indian lighting market is shifting towards LED and smart lighting solutions, areas where SII holds expertise. This trend could drive their market share and revenue growth.
Government initiatives: Government initiatives promoting energy efficiency and smart infrastructure development could boost the demand for SII’s products and services.
Additional factors to consider:
Limited information: Unlisted shares lack the transparency of listed stocks, making thorough due diligence crucial. Analyze the company’s financial performance, management team, and future plans before investing.
Illiquidity: Buying and selling unlisted shares can be challenging and time-consuming due to the limited pool of buyers and sellers.
Higher risk: Unlisted shares generally carry higher risks compared to listed shares. Be prepared for potential price fluctuations and difficulty in exiting the investment.
Remember, investing in unlisted shares requires careful analysis and a healthy risk appetite. Consider seeking professional financial advice before making any investment decisions.
Conclusion:
SII’s association with Signify, its focus on growth segments, and the potential market tailwinds make it a potentially interesting unlisted stock. However, thoroughly assess the risks and uncertainties before entering this market.
Signify Unlisted Share – Company Overview
Signify Innovations India Limited (formerly known as Philips Lighting India Limited) is a global leader in the field of lighting for consumers, professionals, and for the Internet of Things. Philips has been revolutionizing lighting for over 125 years.
Signify will continue to use the Philips brand for its products, the most trusted lighting brand in the world, under the existing licensing agreement with Royal Philips. The energy-efficient lighting products, systems, and services provide the company customers with excellent lighting quality, making people’s lives safer and more comfortable, companies are more productive and cities more liveable.
A popular program that runs on traditional connection protocols such as Wi-Fi and Bluetooth with the increase in urbanization and the focus on residential lighting solutions, the company has added 70 new hubs to its retail network.
The Company consists of more than 100 different products in the product portfolio of non-connected categories: outdoor lighting, chandeliers, bathrooms, etc. At present, this category provides a variety of decorative lights for a person to choose from in the mid-to-high-end market. Signify innovation India Limited shares are unlisted. Signify share price is unstable and fluctuates regularly. Signify share price in India changes daily.
The company is also firmly committed to the government’s “Made in India” program, which creates livelihoods and economic value here and continues to innovate to meet market needs. Vadodara’s manufacturing department currently exports conventional lamps and LED lamps to 29 countries around the world and is also one of the most competitive conventional lamp factories in the world for Signify Group.
The company designed and developed most new products for India and in India at its R&D laboratory in Noida from 2019 to 2020, including Philips T-Beamer, Philips T-Bulb Curvey, etc.
Here are some of the Global brands of the company:
Philips– The global brand in professional and consumer lighting.
The Philips brand stands for light quality and energy efficiency. Philips products have been at the forefront of innovation for more than 125 years. Philips is now recognized as a leading lighting brand. The Philips product portfolio includes many innovative sub-brands, such as Philips Hue for smart homes.
Philips Hue– The global brand for personal smart home lighting.
Philips Hue is the simplest, most inspiring, and versatile smart home lighting system. The lights it creates make life easier, safer, and more comfortable. Lights that enhance the atmosphere and experience, provide more comfortable, personalized, and enlightening lighting for your home.
Interact– The Internet of Things platform and connected lighting systems.
Interact is the most secure and scalable IoT platform that collects and exchanges data between interconnected lights, sensors and devices embedded in the interconnected Interact lighting system. With Interact, you can take advantage of the latest technology, big data processing, analytics, and machine learning.
Color Kinetics– The global brand in dynamic architectural lighting systems.
The Company unleashes creativity to explore the unique power of light. Its innovative lighting solutions can create unforgettable experiences, create beauty, attract crowds, create brands, and deliver results. Through innovation, companies have released the extraordinary potential of light to inspire a brighter life and create a better world.
Here is a screenshot of FY 2019-20
70% LED-based sales of total sales
100 Interact Landmark installations in 51 cities
750,000 remotely managed light points via professional services
64+ million Connected light points
100% carbon neutral Global operations
Signify Share Price, Share Details as of March 31, 2022
| Signify Innovations Outstanding Shares: | 57,517,242 |
| Face Value of Signify Innovations Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Signify Innovations Unlisted Share: | INE045U01015 |
| Lot Size of Signify Innovations Unlisted Share: | 20 Shares |
| Signify Share Price: | Best in Industry |
| PAN Number of Signify Innovations: | AAICP0987G |
Incorporation Details of Signify Innovations
Signify Innovations CIN Number | U74900WB2015PLC206100 |
Signify Innovations Registration Date | 22-Apr-15 |
Category / Sub-Category of Signify Innovations | Public Company Limited by Shares |
Signify Innovations Registered Office Address | Mangalam Business Center, Block B, 6th Floor, 22, Camac Street, Kolkata – 700016 |
Signify Innovations Registrar & Transfer Agent Address and Contact Details | K Fin Technologies Limited Karvy Selenium Tower No. B, Plot No.31-32, Gachibowli, Financial District, Nanakramguda Serlingampally, Hyderabad – 500032 |
Board of Directors of Signify Innovations
Mr. Mahesh Srinivasan Iyer, Chairman & Non-Executive Director
Mr. Sumit Padmakar Joshi, Vice- Chairman, Managing Director & CEO
Mr. Vikas Malhotra, Whole-Time Director
Ms. Sangeeta Pendurkar, Independent & Non-Executive Directors
Mr. Vinayak K. Deshpande, Independent & Non-Executive Directors
Mr. Nitin Mittal, Head of Legal & Company Secretary
Principal Business Activities of Signify Innovations
| Name and Description of main products/services | NIC Code of the Product/ service | % to the total turnover of the company |
| Lighting | 2740 | 100% |
Signify Particulars of Subsidiary and Associate Companies
| S. No. | Name of the Company | Holding/ Subsidiary/ Associate/ Joint Venture | % of Shares held |
| 1. | Signify Holding B.V. High Tech Campus 45, 5656 AE Eindhoven, the Netherlands | Holding | 96.13 |
Signify Innovations Shareholding Pattern (As on 31-03-2022)
| S. No. | Shareholders’ Name | No. 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% |
Signify Industry Overview
Despite the fierce competition from companies such as Havells India Limited and Bajaj Electricals Limited. Maintaining a clear market-leading position in the fields of home and commercial lighting and professional lighting services. Among organizational participants in all fields, Signify Innovations India Limited has the highest market share. It has been able to capitalize on the growth in the professional field and the light-emitting diode (LED) field, which accounted for 36% and 46% of total sales in 2019 after accounting for 35% and 40% respectively in 2017.
Due to the continued decline in the traditional lighting segment and the reduction in government orders affecting the professional segment, the lighting industry in India has slowed down in 2019. The future of the entire market is not expected to grow significantly. The company has maintained its market share and is likely to maintain its leading position in the lighting industry.
The company is keen to expand its business in the Smart Hub. Signify Innovations, which had 140 Smart Hubs last year, plans to increase its number to 300 this year. About 260 smart Hubs have been established in 80 cities. Smart Hubs basically provide people with various propositions to light up their houses, restaurants, and places. The company is also working hard to create more product innovations and bring more brands to the market in the future.
SIGNIFY INNOVATIONS INDIA Limited Balance Sheet (In Rs. Millions)
| PARTICULARS | 31st March 2023 | 31st March 2022 |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 1,218 | 895 |
| Capital work-in-progress | 55 | 86 |
| Intangible assets | 838 | 939 |
| Right-of-use assets | 1,161 | 1,055 |
| Financial assets | ||
| Other financial assets | 645 | 223 |
| Deferred tax assets (net) | 298 | 208 |
| Non-current tax assets (net) | 137 | 137 |
| Other non-current assets | 86 | 95 |
| Total non-current assets | 4,438 | 3,638 |
| Current assets | ||
| Inventories | 2,974 | 2,556 |
| Financial assets | ||
| Investments | 11 | – |
| Trade receivables | 2,688 | 2,328 |
| Cash and cash equivalents | 5,437 | 5,580 |
| Other bank balances | 218 | 184 |
| Other financial assets | 371 | 348 |
| Current tax assets (net) | 121 | 64 |
| Other current assets | 848 | 1,214 |
| Total current assets | 12,668 | 12,274 |
| Total assets | 17,106 | 15,912 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 575 | 575 |
| Other equity | 5,849 | 5,352 |
| Total equity | 6,424 | 5,927 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease Liabilities | 850 | 749 |
| Provisions | 38 | 36 |
| Other non-current liabilities | 361 | 442 |
| Total non-current liabilities | 1,249 | 1,227 |
| Current liabilities | ||
| Financial liabilities | ||
| Trade payables | ||
| Total outstanding dues of micro-enterprises and small enterprises | 196 | 1,050 |
| Total outstanding dues of creditors other than micro-enterprises and small enterprises | 6,363 | 5,007 |
| Lease Liabilities | 420 | 331 |
| Other financial liabilities | 403 | 398 |
| Other current liabilities | 1,025 | 985 |
| Provisions | 1,026 | 987 |
| Total current liabilities | 9,433 | 8,758 |
| Total liabilities | 10,682 | 9,985 |
| Total equity and liabilities | 17,106 | 15,912 |
SIGNIFY INNOVATIONS INDIA Limited Profit & Loss Statement (In Rs. Millions)
| PARTICULARS | 31st March 2023 | 31st March 2022 |
| Revenue | ||
| Revenue from contract with customers | 31,063 | 27,946 |
| Other income | 233 | 298 |
| Total income | 31,296 | 28,244 |
| Expenses | ||
| Cost of raw materials and components consumed | 1,752 | 1,710 |
| Purchases of traded goods | 15,398 | 13,279 |
| Changes in inventories of finished goods and traded goods | -229 | 167 |
| Employee benefits expense | 4,687 | 4,197 |
| Finance costs | 88 | 88 |
| Depreciation and amortization expense | 797 | 606 |
| Other expenses | 5,141 | 4,848 |
| Total expenses | 27,634 | 24,895 |
| Profit before exceptional items and tax | 3,662 | 3,349 |
| Less/(Add) Exceptional items | 130 | 199 |
| Profit before tax | 3,532 | 3,150 |
| Tax expense | ||
| Current tax | 951 | 752 |
| Deferred tax | -86 | 79 |
| Total tax expense | 865 | 831 |
| Profit for the year | 2,667 | 2,319 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss | ||
| Remeasurement gain/(loss) of defined benefit plans | -17 | 34 |
| Income tax relating to remeasurement of defined benefit plans | 4 | -39 |
| Total other comprehensive income for the year, Net of tax | -13 | -5 |
| Total comprehensive income for the year | 2,654 | 2,314 |
| Earnings per equity share (face value of 10 each) | ||
| Basic (in ₹) | 46 | 40 |
| Diluted (in ₹) | 46 | 40 |
Signify Innovations India Limited Financial Ratios
| Financial ratio | 2023 | 2022 |
| Current Ratio | 1.34 | 1.4 |
| Return on Equity Ratio | 0.1 | 0.1 |
| Inventory turnover ratio | 1.5 | 1.6 |
| Trade Receivables turnover ratio | 3.1 | 2.9 |
| Trade payables turnover ratio | 0.7 | 0.6 |
| Net capital turnover ratio | 9.6 | 7.9 |
| Net profit ratio | 0.1 | 0.1 |
| Return on Capital employed | 0.3 | 0.3 |
Insight of the financial ratios of Signify Innovations India For March 31, 2023
Current Ratio (1.34):
This indicates Signify Innovations India has a comfortable level of short-term assets to cover its short-term liabilities.
Return on Equity Ratio (0.1):
Suggests a 10% return on shareholders ‘ equity, indicating a moderate profitability.
Inventory Turnover Ratio (1.5):
Reflects a moderate turnover of inventory. A higher ratio is generally favorable, so it ‘s worth monitoring inventory management.
Trade Receivables Turnover Ratio (3.1):
Indicates an efficient collection of receivables, with a higher ratio reflecting effective management.
Trade Payables Turnover Ratio (0.7):
Suggests a moderate turnover of trade payables, indicating reasonable payment management.
Net Capital Turnover Ratio (9.6):
Reflects a high turnover of net capital, indicating efficient utilization of capital for generating sales.
Net Profit Ratio (0.1):
Indicates a 10% net profit margin, reflecting the company ‘s ability to convert sales into profits.
Return on Capital Employed (0.3):
Suggests a 30% return on the capital employed, indicating a reasonably efficient use of capital.
In summary, Signify Innovations India appears to have a comfortable liquidity position, reasonably efficient management of inventory and trade receivables, and a solid return on equity and capital employed. Monitoring these ratios over time and comparing them to industry benchmarks can provide a more comprehensive understanding of the company ‘s financial health and performance.
Dividend history of Signify Innovations India Limited (In Rs. Millions)
| Particulars | 2023 | 2022 |
| Dividend | 62.5 | 37.5 |
| Retained Earnings (In Rs. millions) | 3,840 | 3,331 |
