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RATING

RECOMMENDATION

Neutral

Business Type

Near Leader

  • Signify Innovations India Ltd. Unlisted Shares Essentials

ISIN

INE045U01015

Face Value

₹10.00

Total Share

5,75,17,242

Total Income

₹251.57

Profit After Tax

₹26.76

Promoter Holding

₹96.13 %

EPS

₹46.52

Sector

Consumer Discretionary

Sub-sector

Home Electronics & Appliance

Category

Upcoming IPO

Cashflow - Operations

₹5,762.00

Cashflow - Financing

-₹770.00

Signify Innovations India Ltd. Growth

Compounded Sales Growth

  • -13.83%

    1 Year

  • -10.69%

    3 Year

  • -6.83%

    4 Year

Pro Only

Compounded Profit Growth

  • 47.28%

    1 Year

  • 16.40%

    2 Year

  • 28.45%

    4 Year

Pro Only

Return On Equity

  • 4.38%

    1 Year

  • 3.87%

    3 Year

  • 4.20%

    4 Year

Pro Only

About Signify Innovations India Ltd.

  • Signify Innovations India Limited (formerly Known As Philips Lighting India Limited) has been revolutionizing lighting for over 125 years. It pioneered the world changing development of electric light and LED, and are now leading the way in intelligent lighting systems.
  • The company offers rich lighting experiences that make people feel safe, comfortable, focused, energized and entertained, they export their products to all over the world.
  • Signify, is leading the ongoing development of connected lighting systems and services. By leveraging the Internet of Things, they are transforming buildings, urban places and homes. To increase energy efficiency, and manage working environments in a more environmentally friendly way.
  • With 2020 sales of EUR 6.5 billion, approximately 39,000 employees and a presence in over 70 countries, the company is unlocking the extraordinary potential of light for brighter lives and a better world.

  • Signify Innovations India Ltd. Merger & Acquisition

Merger

  • Philips India Limited Demerged to form Signify Innovations India Limited.

Acquisition

  • Signify acquired Cooper Lighting to further consolidate their market leadership and have also integrated their operations in India.
  • Signify Innovations India Ltd. Subsidiaries

Cooper Lighting 

  • Signify Innovations India Ltd. Industry Overview

Industry Statistics

  • LED lights have emerged as a powerful source for lighting over the past several years. Due to their numerous advantages over conventional lighting technology, they have swiftly gained prominence in the Indian lighting market.
  • Although Indian LED lighting market is at a nascent stage, it offers innumerable opportunities for growth over the next few decades. 
  • India represents one of the biggest lighting markets, it offers a lucrative option for LED manufacturers to set up their facilities in the region. Skilled labor, ease of doing business and demographic advantages provides a sustainable environment for the LED industry.
  • Currently, the demand for LED lighting systems is primarily concentrated in the North and South regions due to growing urbanization rates and increasing number of government initiatives that encourage the use of LED lights.

Future Prospects

  • The Indian LED Lighting market reached a value of US$ 3.58 Billion in 2020. 
  • Looking forward, IMARC Group expects the market to grow at a CAGR of 28.3% during 2021-2026. 

Government Initiatives

  • The government’s support through various regulations that promote the investments in energy efficient lighting technologies have expanded the applications of LED lights across various industrial, commercial and residential sectors.

Signify Innovations India Ltd. Awards & Achievements

  • Signify Innovations India Limited has been awarded the coveted Golden Peacock Award for Corporate Social Responsibility (GPACSR) for the year 2020 by the Institute of Directors, National Human Rights Commission of India and National Commission for Constitution of India Reforms.
  • Became the first lighting company to introduce 3D printed luminaires in India, being manufactured at their production facility in Vadodara. This highly flexible and more sustainable form of manufacturing, using 100% recyclable polycarbonate material, enables us to produce luminaires that have bespoke designs tailored to customers’ exact needs. These can also be recycled at the end of their life, thereby supporting a circular economy.

Signify Innovations India Ltd. Strengths

  • The liquidity ratios of the company have increased signifying a stronger liquidity position as compared to last financial year, this is because the Company has not made any major fund-based borrowings in this year and has managed working capital requirements from internal cash generation. The liquidity position of the company is also in-line with the industry standards.
  • All the efficiency ratios have increased in the F.Y 21 which is because company's impactful actions such as solid price management, stringent cost measures, rigorous working capital management and curtailment of uncommitted and non-essential capital expenditures.

Signify Innovations India Ltd. Shortcomings

  • The profitability ratios of the company for this F.Y can be seen increasing despite the decrease in revenue of the company which is because of the bottom line being affected positively in a significant manner because of inorganic and inconsistent factors. In this scenario ROCE is the best reflection of profitability of the company.  And, the ROCE of the company represents a weak profitability position of the company.

Signify Innovations India Ltd. Opportunities

  • The Indian LED Lighting market reached a value of US$ 3.58 Billion in 2020. Looking forward, the expectation of the market to grow is at a CAGR of 28.3% during 2021-2026.
  • A rapidly growing automotive industry also provides productive opportunities for the use of LEDs in head lamps, rear lamps, turn signal and brake lights. Other important factors such as increasing infrastructural investments, rapid growth of street lighting systems, decline in average prices of LEDs and various government and upcoming smart building projects are expected to drive the demand of LED lights in India.

Signify Innovations India Ltd. Threats

  • Since the industry faces intense competition from Chinese manufacturers as they are flooding the market with low quality and cheap products, prices of LED are very low, which makes Local manufacturers receive low margins.
  • GST on LED lights and raw materials used for manufacturing ranges from 18 to 28 percent.
Signify Innovations India Ltd. Rating

  • RECOMMENDATION

    Neutral

  • Signify Innovations India Ltd. Detail Info

Stock Exchange Ticker

signifydtc