About Signify Unlisted Shares
Signify Innovations (formerly known as Philips Lighting) has been at the forefront of lighting technology for over 120 years, providing innovative and sustainable lighting solutions. The company harnesses the transformative power of light to improve the quality of life for people worldwide. From public spaces and professional environments to homes, Signify designs solutions that inspire, inform, and entertain while contributing to making cities more sustainable and livable.
With the industry’s shift towards connected and digital lighting systems, Signify is redefining the lighting sector by combining cutting-edge technologies with open standards. This approach ensures seamless connectivity between people, places, and devices, providing enhanced benefits to customers and the environment.
Business Divisions
Signify’s diverse business segments cater to a wide range of consumer and industrial needs, offering solutions that integrate advanced lighting technology with sustainability. Here are the core business divisions:
- Connected and Smart Lighting: Signify is a leader in smart lighting solutions, providing products like Hue Personal Wireless Lighting System, which allows users to sync lights with music and control them via apps. This category also includes Smart Wi-Fi Lighting, which seamlessly integrates with IoT ecosystems to deliver energy-efficient lighting for modern homes.
- LED Lighting Solutions: Signify’s range of LED lighting products consumes up to 90% less energy than traditional lighting options. They are known for their instant-on technology, eliminating warm-up times and offering exceptional light quality with a longer lifespan. These energy-efficient products are central to Signify’s commitment to sustainability.
- Luminaires and Bulbs: Aesthetic and functional lighting fixtures, including decorative bulbs, wall lamps, and ceiling pendants, are key components of Signify’s product portfolio. These products enhance interior spaces while providing efficient lighting solutions.
- EcoLink Fans: In line with their push for sustainable innovation, Signify launched EcoLink Fans, which are silent, decorative, and designed for energy efficiency. This expansion into fans is part of their continued efforts to diversify product offerings while staying environmentally conscious.
Financial Highlights
The financial performance of Signify Unlisted Shares over the past few years illustrates consistent growth and profitability. Below are five key financial highlights:
- Stable Revenue Stream: Despite some fluctuations, Signify has maintained a stable revenue trajectory. In FY 2024, revenue was ₹3,069 crore, slightly down from ₹3,106 crore in FY 2023, demonstrating resilience even in challenging market conditions.
- Strong Profit Margins: The Gross Margin in FY 2024 stood at 49.07%, improving from 44.78% in FY 2023. This reflects improved efficiency in production and cost management, as well as the growing dominance of LED products.
- Profit After Tax (PAT) Growth: PAT grew marginally to ₹269 crore in FY 2024, up from ₹266 crore in FY 2023, reflecting consistent profitability despite a slight dip in revenue. The Net Profit Margin (NPM) was 8.77%, up from 8.56% in FY 2023.
- Robust Earnings Per Share (EPS): Signify’s EPS rose to ₹46.78 in FY 2024, up from ₹46.26 in FY 2023. This steady increase in EPS underscores the company’s earnings stability and strong shareholder value.
- ,,Healthy Return on Equity (ROE): Signify continues to deliver outstanding returns on equity, with a ROE of 49% in FY 2024. This high ROE signifies effective capital utilization and indicates investor confidence in the company’s management and growth prospects.
