Philips India Limited
Company Overview
Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.
BUSINESS SEGMENTS
Personal Health – Domestic appliances, Health and wellness producs and personal care products
Health Systems – Medical electronic equipments
Innovation Services – Development of embedded software and Philips Design
Future ownership of Domestic Appliances business
On June 25 2020, the Board of Directors of the Company have agreed to a proposed plan to separate the Domestic
Appliances (DA) business and dispose off the investment in a subsidiary which is operating in the same segment in line with
the global restructuring exercise announced by Koninklijke Philips N.V (KPNV) Ultimate Holding Company. The Scheme of
Arrangement (hereinafter ‘Scheme’) for demerger of Domestic appliances Business (Demerged Undertaking) was approved
by Board of Directors of the Company on 11 September 2020 and by the shareholders on 19 February 2021.
On March 25, 2021, KPNV announced that it had reached an agreement to transfer its Domestic Appliances business to
Hillhouse Capital. The said business transfer is expected to be completed during the third quarter of 2021, subject to
customary closing conditions, including the relevant regulatory approvals. In order to support this business selling transaction
of KPNV, the Company in India will transfer the domestic appliance business to Philips Domestic Appliances India Limited.
This process is expected to be completed in the third quarter of 2021.Complete separation of the two entities is expected
to be completed during 2021.
In pursuance of the proposal stated above, a Composite Scheme of Arrangement for Demerger (“Scheme”) under Section
230 to 232 and other relevant provisions of the Companies Act, 1956 and Companies Act, 2013, between “Philips India
Limited” (Demerged Company) and “Philips Domestic Appliances India Limited” (Resulting Company) and Preethi Kitchen
Appliances Private Limited (Amalgamating Company) and their respective shareholders was approved by (a) The Hon’ble
National Company Law Tribunal, Mumbai Bench, Court – 5 vide order dated 13 May 2021 and (b) The Hon’ble National
Company Law Tribunal, Kolkata Bench, Kolkata vide order dated 14 June 2021. In accordance with the Scheme, the assets and
liabilities pertaining to Domestic Appliance business will stand transferred to and vested with Philips Domestic Appliances
India Limited with effect from the appointed date i.e. 01 July 2021 and shareholders of the Company will be allotted 1 fully
paid equity share of Philips Domestic Appliances India Limited for each fully paid equity share held by them in the Company
on or before the Effective date and the transfer of the Demerged Undertaking shall be on a going concern basis. The Scheme
shall be effective from the Appointed Date but shall be operative from the Effective Date.
id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
---|---|---|---|---|---|---|
163 | 32 | Philips India Ltd | Koninklijke Philips N.V. | 55290182 | 0 | 2021-03-31 |
164 | 32 | Philips India Ltd | Public Shareholding | 2227060 | 0 | 2021-03-31 |
id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
Revenue Segment
Share Holding
Revenue & Margins
% Margins
Company Financials
Profit and Loss Account (₹ in Crores) | 2019 | 2020 | 2021 |
---|---|---|---|
Revenue from Operations | 4912.1 | 5194.5 | 5583.9 |
Other Income | 77.5 | 58.9 | 55.5 |
Total Income | 4989.6 | 5253.4 | 5639.4 |
Cost of Operations | 2277.1 | 2423.5 | 2607.4 |
EBITDA | 479.4 | 447.6 | 512.8 |
EBITDA % | 9.61 | 8.52 | 9.09 |
EBIT | 321.2 | 320.3 | 368.8 |
EBIT % | 6.44 | 6.1 | 6.54 |
PBT | 282.7 | 312.8 | 341.6 |
PBT % | 5.67 | 5.95 | 6.06 |
TAX | 92 | 169.1 | 96.9 |
NPAT | 190.7 | 143.7 | 244.7 |
NPAT % | 3.82 | 2.74 | 4.34 |
EPS (Basic) in ₹ | 33.15 | 24.99 | 42.56 |
EPS (Diluted) in ₹ | 33.15 | 24.99 | 42.56 |
Dividend Per Share (in ₹) | 3 | 3 | 3 |
Sources of funds
Application of funds
Balance Sheet (₹ in Crores) | 2019 | 2020 | 2021 |
---|---|---|---|
Share Capital | 57.5 | 57.5 | 57.5 |
Reserves | 2039 | 1994.7 | 2334.5 |
Networth | 2096.5 | 2052.2 | 2392 |
Long Term Borrowings | 38.5 | 0 | 0 |
Short Term Borrowings | 29.8 | 0 | 0 |
Current Liabilities | 1366.5 | 1235.9 | 1505.4 |
Non-Current Assets | 1202.7 | 1256.3 | 1159.1 |
Current Assets | 2467.1 | 2494.9 | 2280.9 |
Total Assets | 3669.8 | 3751.2 | 4406.4 |
Cash Bank Balance | 753.7 | 857.8 | 931.3 |
Trade Receivables | 804.8 | 802.8 | 574.1 |
Trade Payables | 797 | 673.9 | 553.4 |
Inventory | 562.3 | 479 | 422.1 |
Cash Flow Statement (₹ in Crores) | 2019 | 2020 | 2021 |
---|---|---|---|
Cash flow from operating Activities | 154.6 | 251 | 826.1 |
Cash flow from Investing Activities | -22.7 | -37.7 | -234.3 |
Cash flow from Financing Activities | -51.1 | -109.2 | -99.7 |
Net Cash-Flow | 80.8 | 104.1 | 492.1 |
KEL %
SHEELA %
Price Multiples as on 2021-05-08 | |
---|---|
Face Value Per Share (in ₹) | 10 |
Price Per Share (in ₹) | 1100 |
P/E | 25.85 |
P/B | 2.65 |
Dividend Yield | 0.27 % |
Price / Sales | 1.13 |
Market Cap (₹ in Crores) | 6327 |
id | company_master_id | In The News | Date |
---|---|---|---|
16 | 32 | Philips to invest Rs 300 crore in India, hire 1,000 more | 2020-05-13 |
17 | 32 | Philips India makes fresh bid to turn India unit fully private | 2018-07-23 |
67 | 32 | Philips plans to sell or spin off domestic appliances business | 2020-01-28 |
In the News |
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