Signify Innovations India Ltd (Previously Philips Lighting) - Unlisted Shares
Fundamentals
- Current Price
- ₹1,150
- Market Cap
- ₹6,614.48 Cr
- ISIN
- INE045U01015
- Face Value
- ₹10
- P/E Ratio
- 24.59
- EPS
- ₹46.77
- P/B Ratio
- 15.40
- Book Value
- ₹74.69
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 3113.6 | 3068.7 | 3106.3 | 2794.6 | 2500.8 | 2898.4 |
| Growth % | 1% | -1% | 11% | 12% | -14% | 0 |
| Operating Expenses | 2665.3 | 2621 | 2674.9 | 2420.1 | 2191.5 | 2575.8 |
| Growth % | 2% | -2% | 11% | 10% | -15% | 0 |
| Operating Profit | 448.3 | 447.7 | 431.4 | 374.5 | 309.3 | 322.6 |
| Op. Profit Margin % | 14.4% | 14.6% | 13.9% | 13.4% | 12.4% | 11.1% |
| Other Income | 29.1 | 29.2 | 23.3 | 29.8 | 14.8 | 21.1 |
| Finance Costs | 11.6 | 10.7 | 8.8 | 8.8 | 6.4 | 6.3 |
| Depreciation | 93.3 | 96.1 | 79.7 | 60.6 | 63.5 | 60.8 |
| Exception Items | 6.2 | 5.5 | 13 | 19.9 | 88.3 | -0.6 |
| Profit Before Tax | 366.3 | 364.6 | 353.2 | 315.0 | 342.5 | 276.0 |
| Tax | 96.2 | 95.6 | 86.5 | 83.1 | 75 | 94.3 |
| Tax % | 26% | 26% | 24% | 26% | 22% | 34% |
| Profit After Tax | 270.1 | 269.0 | 266.7 | 231.9 | 267.5 | 181.7 |
| Growth % | 0.4% | 0.9% | 15.0% | -13.3% | 47.2% | 0 |
| PAT % | 9% | 9% | 9% | 8% | 11% | 6% |
| Diluted EPS | 46.96 | 46.77 | 46.36 | 40.32 | 46.5 | 31.6 |
Company Financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Equity Capital | 57.5 | 57.5 | 57.5 | 57.5 | 57.52 | 57.52 |
| Reserves | 372.1 | 491.5 | 584.9 | 535.2 | 663.4 | 442 |
| Total Equity | 429.6 | 549.0 | 642.4 | 592.7 | 720.9 | 499.8 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 118.7 | 127.6 | 124.9 | 122.7 | 132.6 | 110.1 |
| Total NC Liabilities | 118.7 | 127.6 | 124.9 | 122.7 | 133 | 110.1 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 972.3 | 926.3 | 943.3 | 875.8 | 1,011.8 | 721.8 |
| Total Current Liabilities | 972.3 | 926.3 | 943.3 | 875.8 | 1,012 | 721.78 |
| Equity + Liabilities | 1,520.6 | 1,602.9 | 1,710.6 | 1,591.2 | 1,865.3 | 1,331.7 |
| Fixed Assets (incl. WIP) | 151.7 | 298.6 | 321.7 | 288.9 | 289.5 | 265.5 |
| Other Non Current Assets | 170.6 | 134.2 | 122.1 | 41.5 | 46.8 | 65.2 |
| Total NC Assets | 322.3 | 432.8 | 443.8 | 330.4 | 336.3 | 330.7 |
| Trade Receivables | 268.1 | 242.4 | 268.8 | 232.8 | 228 | 250.2 |
| Cash & Cash Equivalents | 362.3 | 484.4 | 565.5 | 576.4 | 876.6 | 276.8 |
| Other Current Assets | 567.9 | 443.3 | 432.5 | 451.6 | 424.4 | 453.2 |
| Total Current Assets | 1198.3 | 1170.1 | 1266.8 | 1260.8 | 1,529 | 980.2 |
| Assets classified as held for sale | 0 | 0 | 0 | 0 | 0 | 20.8 |
| Total Assets | 1,520.6 | 1,602.9 | 1,710.6 | 1,591.2 | 1,865.3 | 1,331.7 |
Shareholding Pattern
- Signify Holding B.V.(formerly Philips Lighting Holding B.V.)
- 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 14.4% in fiscal 2025. 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.
- Strong brand under its portfolio: Signify maintains a robust presence in the lighting industry through its numerous global brands, including Philips, Signify Interact, Philips Dynalite, Philips Hue, Color Kinetics, and Eco link.
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.
- Stagnant Revenue: Company faces a direct threat from a "resurgence of unorganized imports". These cheaper alternatives primarily challenge the company's revenue and profitibility.
About Signify Innovations India Ltd (Previously Philips Lighting)
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
Frequently Asked Questions
- Is there any lock in period for Signify Innovations India Ltd (Previously Philips Lighting) unlisted shares?
- The lock-in period for Signify Innovations India Ltd (Previously Philips Lighting) Unlisted Shares differs based on the investor category, as per SEBI regulations:
● Venture Capital Funds and Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition of the shares.
● Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
● Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates):
A lock-in period of 6 months from the date of IPO listing of Signify Innovations India Ltd (Previously Philips Lighting).
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Signify Innovations India Ltd (Previously Philips Lighting) unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Signify Innovations India Ltd (Previously Philips Lighting) unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains.
This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024.
3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Signify Innovations India Ltd (Previously Philips Lighting) unlisted shares through InCred Money?
- Buying Signify Innovations India Ltd (Previously Philips Lighting) Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID.
Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares
Browse and select Signify Innovations India Ltd (Previously Philips Lighting) from our Unlisted Shares list and place your order.
Step 3: Share Transfer
Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Signify Innovations India Ltd (Previously Philips Lighting) unlisted shares?
- To invest in Signify Innovations India Ltd (Previously Philips Lighting) Unlisted Shares on InCred Money, you need to complete your KYC verification by submitting the following documents:
● PAN Card
● Aadhaar Card
● Bank account details
● Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.
