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RATING

RECOMMENDATION

Neutral

Business Type

Near Leader

  • Signify Innovations Growth

All the growth factors have been affected negatively in this Financial Year, except profit after tax which is because of inorganic and inconsistent factors. (Significant amount in exceptional items)

The reason for this decline was due to: 

1. Decline in professional lighting and Government business 

2. Slow-down in infrastructure spending

3. Liquidity crunch in Indian markets due to defaults by few NBFCs

4. Price erosions due to competitiveness in market 

5. Covid-19 outbreak and consequent lockdowns across India.


Signify Innovations Revenue Growth

Growth in %

  • -13.83%

    1 Year

  • -10.69%

    3 Year

  • -6.83%

    4 Year

Signify Innovations Net Profit Growth(PAT)

Growth in %

  • 47.28%

    1 Year

  • 16.40%

    2 Year

  • 28.45%

    4 Year

Signify Innovations EPS Growth

Growth in %

  • 47.26%

    1 Year

  • 16.39%

    2 Year

  • 28.45%

    4 Year

Signify Innovations EBITDA Growth

Growth in %

  • -5.67%

    1 Year

  • -1.08%

    2 Year

  • 5.98%

    4 Year

Signify Innovations Operating Profit Growth

Growth in %

  • -7.85%

    1 Year

  • -7.32%

    2 Year

  • 7.21%

    4 Year

Signify Innovations Asset Growth

Growth in %

  • 38.81%

    1 Year

  • 6.71%

    2 Year

  • 9.09%

    4 Year

Signify Innovations Cash Flow from Operations

Growth in %

  • 1278.47%

    1 Year

  • 50.76%

    2 Year

  • 11.20%

    4 Year

  • Signify Innovations Solvency Ratios

Signify Innovations D/E Ratio

The Debt-to-Equity ratio of the company has increased significantly in the last two years which is becuse of raising long term debt for investments. 

Capital expenditure during the year was Rs 20.5 Crores (Previous Year Rs 12.19 Crores) and investment in new plant and machinery and IT equipment’s etc.

The increased leverage is still in accordance with the industry standards and the decision would also ensure a lower cost of capital for the company.


Signify Innovations Current Ratio

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 inline with the industry standards.


Signify Innovations Quick Ratio

Signify Innovations Interest Coverage Ratio

The interest coverage ratio has been decreasing gradually in the last few years since the company has raised a significant amount of debt and the revenue of the company has also decreased in the same time frame

  • Signify Innovations Operating Efficiency

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 Operating Profit EBIT Margin(OPM)

Signify Innovations Profit Before Tax Margin (PBT Margin)

Signify Innovations Profit After Tax Margin (PAT Margin)

  • Signify Innovations Profitablity Ratio

Signify Innovations Return on Equity(RoE)

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. In this scenario ROCE is the best reflection of profitability of the company.

Signify Innovations Return on Capital Employed(RoCE)

ROCE of the company in this F.Y has decreased contrasting to the other profitability ratios as the bottom line has been significantly affected by exceptional items which consists of assets classified as held for sale, resulting in net profit being relatively higher than EBIT.

Signify Innovations Return to Assets (RoA)

  • Signify Innovations Valuation Ratios

Signify Innovations Dividend Yield

Signify Innovations Earning Yield