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SIGNIFY INNOVATIONS INDIA LIMITED

Active
Updated: 06 Nov 2024

The company is engaged in development, manufacturing, and exporting of innovative (LED) lighting solutions.

Signify Innovations India Limited, is an unlisted public company incorporated on 22 April, 2015. It is classified as a public limited company and is located in Kolkata, West Bengal. It's authorized share capital is INR 58.00 cr and the total paid-up capital is INR 57.52 cr.

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Industry

Business Services
Products
  • Spot Lights, Emergency Lights, Street LED Lights, Ceiling Lights, LED Downlighters, Flood LED Lights, Pedestal Lights
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-1.21%
₹ 3,068.7
EBITDA
3.78%
₹ 447.7
Net Profit
0.86%
₹ 269.0
Networth
-14.54%
₹ 549.0
Borrowings
-
₹ -
Assets
-6.3%
₹ 1,602.9
Gross Margin
3.08
48.6 %
Operating Margin
0.7
14.6 %
Net Profit Margin
0.16
8.7 %
Return on Equity
7.48
49.0 %
ROCE
16.53
82.3 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (30)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Ikio Lighting Limited Delhi
Syska Led Lights Private Limited Maharashtra
Il Jin Electronics (India) Private Limited Maharashtra
H.Q Lamps Manufacturing Co Private Limited Uttar Pradesh
Century Led Limited West Bengal
Poojara Telecom Private Limited Gujarat

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,898.4 2,502.5 2,794.6 3,106.3 3,068.7
Operating profit 322.6 311.0 374.5 431.4 447.7
Net profit 181.7 267.6 231.9 266.7 269.0
Gross margin 41.1 43.6 45.8 45.5 48.6
Operating margin 11.1 12.4 13.4 13.9 14.6
Net margin 6.2 10.6 8.2 8.5 8.7
Networth 499.8 720.9 592.7 642.4 549.0
Borrowings - - - - -
Assets 1,331.7 1,848.5 1,591.2 1,710.6 1,602.9
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 1.4 1.5 1.4 1.3 1.3
ROE 36.4 37.1 39.1 41.5 49.0
Days payable 103.0 192.0 146.0 141.0 144.0
WC days 33.0 75.0 50.0 38.0 29.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 57.5 57.5 57.5 57.5 57.5
Reserves 442.3 663.4 535.2 584.9 491.5
Borrowings + - - - - -
Long term borrowings - - - - -
Short term borrowings - - - - -
Trade payables + 479.6 743.4 605.7 655.9 620.6
Days payable 103.0 192.0 146.0 141.0 144.0
Other liabilities + 831.9 1,127.6 998.5 1,068.2 1,053.9
Other non-current liabilities 110.1 127.7 122.7 124.9 127.6
Other current liabilities 242.2 256.5 270.1 287.4 305.7
Total liabilities 1,331.7 1,848.5 1,591.2 1,710.6 1,602.9
Fixed Assets + 269.5 292.7 297.5 211.1 183.3
Tangible assets 171.6 195.6 195.0 121.8 105.6
CWIP 4.0 3.2 8.6 5.5 1.8
Intangible assets 93.9 93.9 93.9 83.8 75.9
LT loans and advances - - - - -
Other non-current assets 82.0 43.6 32.9 232.7 249.5
Current assets + 980.2 1,512.2 1,260.8 1,266.8 1,170.1
Inventories 297.9 263.7 255.6 297.4 292.3
Trade receivables 250.2 228.0 232.8 268.8 242.4
Cash and cash equivalents 271.2 870.3 564.0 543.7 458.4
ST loans and advances - - - - -
Other current assets 160.9 150.2 208.4 156.9 177.0
Total assets 1,331.7 1,848.5 1,591.2 1,710.6 1,602.9
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,898.4 2,502.5 2,794.6 3,106.3 3,068.7
Sales growth % -18.92 -13.66 11.67 11.15 -1.21
Expenses + 2,642.9 2,261.4 2,489.5 2,763.4 2,727.8
Cost of goods 1,705.8 1,412.4 1,515.6 1,692.1 1,577.1
Employee cost 346.1 355.2 416.1 468.7 576.9
Other costs 523.9 423.9 488.4 514.1 467.0
Operating profit + 322.6 311.0 374.5 431.4 447.7
Operating margin % 11.1 12.4 13.4 13.9 14.6
Other income 21.1 13.2 29.8 23.3 29.2
Interest 6.3 6.4 8.8 8.8 10.7
Depreciation 60.8 63.5 60.6 79.7 96.1
Exceptional items -0.6 88.3 -19.9 -13.0 -5.5
Profit before tax 276.0 342.6 315.0 353.2 364.6
Tax 94.3 75.0 83.1 86.5 95.6
Profit - disc. ops - - - - -
Net profit 181.7 267.6 231.9 266.7 269.0
Net margin % 6.2 10.6 8.2 8.5 8.7
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 2.7 2.6 2.7 2.7 2.9
Liquidity +
Current Ratio 1.4 1.5 1.4 1.3 1.3
Quick Ratio 0.9 1.2 1.1 1.0 0.9
Interest Coverage 51.2 48.6 42.6 49.0 41.8
Performance
Gross Margin 41.1 43.6 45.8 45.5 48.6
Operating Margin 11.1 12.4 13.4 13.9 14.6
Net Margin 6.2 10.6 8.2 8.5 8.7
Return +
Return on Equity 36.4 37.1 39.1 41.5 49.0
Pre-tax ROCE 49.6 30.7 46.0 65.8 82.3
Return on Assets 13.6 14.5 14.6 15.6 16.8
Pre-tax ROIC 52.4 34.3 53.0 54.8 64.0
Efficiency +
Days Payable 103.0 192.0 146.0 141.0 144.0
Days Inventory 64.0 68.0 62.0 64.0 68.0
Days Receivable 32.0 33.0 30.0 32.0 29.0
Fixed Asset Turnover 10.8 8.6 9.4 14.7 16.7
Total Asset Turnover 2.2 1.4 1.8 1.8 1.9
Working Capital
Cash Conversion Cycle -7.0 -91.0 -54.0 -45.0 -47.0
Working Capital Days 33.0 75.0 50.0 38.0 29.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 1

Total Amount : 125.0 cr

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Charges

State Bank of India

People

Designation Name DIN/PAN Tenure
Director Vinayak Kashinath Deshpande 00036827 9 years
Director Sangeeta Tanwani 03321646 4 years
Additional Director Dilip Jose Puthiyidathu 03591692 2 years
CEO Sumit Padmakar Joshi <HIDDEN> 8 years
Managing Director Sumit Padmakar Joshi 07018906 8 years
CS Nitin Mittal <HIDDEN> 9 years
Whole-time Director Vikas Malhotra 09253036 4 years
CFO Dibyendu Raychaudhury <HIDDEN> 8 years
Whole-time Director Dibyendu Raychaudhury 09747317 3 years
Kmp Harvinder Kumar <HIDDEN> 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
UNIVERSAL MEP PROJECTS & ENGINEERING SERVICES LIMITED
Active
1,341.8 Cr 1 Maharashtra
PRAJ INDUSTRIES LIMITED
Active
36.8 Cr 1 Maharashtra
KENNAMETAL INDIA LIMITED
Active
22.0 Cr 1 Karnataka
VOLTAS LIMITED
Active
33.1 Cr 1 Maharashtra
KIRLOSKAR BROTHERS LIMITED
Active
15.9 Cr 1 Maharashtra
SULA VINEYARDS LIMITED
Active
16.9 Cr 1 Maharashtra
INTERNATIONAL GEMMOLOGICAL INSTITUTE (INDIA) LIMITED
Active
79.4 Cr 1 Maharashtra
ADITYA BIRLA DIGITAL FASHION VENTURES LIMITED
Active
500.0 Cr 1 Maharashtra
GRASIM PREMIUM FABRIC PRIVATE LIMITED
Amalgamated
113.1 Cr 1 Maharashtra
ADITYA BIRLA FASHION AND RETAIL LIMITED
Active
1,072.3 Cr 1 Maharashtra
MANIPAL HOSPITALS (WHITEFIELD) PRIVATE LIMITED
Amalgamated
1.0 L 1 Karnataka
MANIPAL HEALTH ENTERPRISES PRIVATE LIMITED
Active
77.1 Cr 1 Karnataka

Registered Details

CIN

U74900WB2015PLC206100

PAN

AAICP0987G

Incorporation

2015, 10.0 years

Company Email

corporate.info@signify.com

Paid up Capital

₹ 57.5 Cr

Authorised Capital

₹ 58.0 Cr

AGM

Sep 2024

Type

Public
Non-government Company

FAQ - SIGNIFY INNOVATIONS INDIA LIMITED

What is the incorporation date of SIGNIFY INNOVATIONS INDIA LIMITED?

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The incorporation date of SIGNIFY INNOVATIONS INDIA LIMITED is 22 April, 2015

What is the authorized share capital of SIGNIFY INNOVATIONS INDIA LIMITED?

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The authorized share capital of SIGNIFY INNOVATIONS INDIA LIMITED is INR ₹ 58.0 Cr.

What is the paid-up capital of SIGNIFY INNOVATIONS INDIA LIMITED?

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The paid-up capital of SIGNIFY INNOVATIONS INDIA LIMITED is INR ₹ 57.5 Cr.

What is the registered address of SIGNIFY INNOVATIONS INDIA LIMITED?

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The registered address of SIGNIFY INNOVATIONS INDIA LIMITED is PS ARCADIA CENTRAL, 3A, 3rd floor, 4A, Abanindranath Thakur Sarani (Camac Street) Kolkata Kolkata West Bengal - 700017

What is the CIN number of SIGNIFY INNOVATIONS INDIA LIMITED?

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The CIN number of SIGNIFY INNOVATIONS INDIA LIMITED is U74900WB2015PLC206100.

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