RATING

RECOMMENDATION

Strong Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Strong Buy

Business Type

Dominant Leader

RATING

RECOMMENDATION

Strong Buy

Business Type

Dominant Leader

  • Signify Innovations Growth

Get detailed information about the Signify Innovations Pre IPO Unlisted shares. In this research report, you will get to know about Signify Innovations Key Ratios data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth, Signify Innovations Peers and Book Value Growth. 


Signify Innovations Revenue Growth

Growth in %

  • -13.83%

    1 Year

  • -10.69%

    3 Year

  • -6.83%

    4 Year

From FY17-19, company was seeing a steady growth in revenue but there has been a sharp decline in company's annual revenue in FY20 and FY21. This decline in revenue can be attributed towards the effects of Covid-19 and subsequent lockdowns due to which there was decline in professional lighting and Government Business, slowdown in infrastructure spending. Company was not able to generate sales as compared to pre-covid numbers.


Signify Innovations Net Profit Growth(PAT)

Growth in %

  • 47.28%

    1 Year

  • 16.40%

    2 Year

  • 28.48%

    4 Year

Company's Net Profit After Tax has grown significantly over the last 5 years. Although this is the only measure which has witnessed a positive growth rate. This growth can be seen majorly because of reduction of other operating expenses and Exceptional items such as gain on sale company's Mohali Plant which resulted in higher profits.

Signify Innovations EPS Growth

Growth in %

  • 47.26%

    1 Year

  • 16.39%

    2 Year

  • 28.45%

    4 Year

In last 4 years, company has seen a 28.5% CAGR in its EPS even after having decreasing revenues, this was only possible because of subsequent decreases in company's operating expense which overcame the effects of decreasing revenue.

  • Signify Innovations Book Value Growth

Growth in %

  • 17.40%

    1 Year

  • 10.31%

    3 Year

  • 9.31%

    4 Year

The company has shown a consistent annual profits every financial year despite of having decreasing sales, due to this consistency in profits we can see a greater increase in company's reserve and surplus or other equity which in turn have a positive impact on company's book value and we are able to see a growth in it.

Signify Innovations EBITDA Growth

Growth in %

  • -5.67%

    1 Year

  • -1.08%

    2 Year

  • 5.99%

    4 Year

The company has not witnessed a growth in EBITDA in recent years due to decreasing revenue over the years as covid-19 and lockdowns had a major impact on company's buisness.

Signify Innovations Operating Profit Growth

Growth in %

  • -7.85%

    1 Year

  • -7.32%

    2 Year

  • 7.23%

    4 Year

Signify Innovations Asset Growth

Growth in %

  • 38.81%

    1 Year

  • 6.71%

    2 Year

  • 9.09%

    4 Year

The company's asset for last fiscal year stands at INR 1849 Cr. which has grown at a rate of 9.1% CAGR over 4 years.

Signify Innovations Cash Flow from Operations

Growth in %

  • 1278.47%

    1 Year

  • 50.76%

    2 Year

  • 11.20%

    4 Year

There is a significant change in cash flow from operations for the company in FY21 as compared to FY20. It increased from INR 41.8 Cr. to INR 576.2 Cr. This increase is because of a large increase in trade payables of the company as the company made its purchases largely on credit from suppliers. Overall, the company is able to have a positive cash flow every year since FY17, showing operational efficiency of the company. This positive cash flow from operations can be used for other purposes which can help this company to further expand its operations.

  • Signify Innovations Solvency Ratios

Signify Innovations D/E Ratio

The Debt-to-Equity ratio of the company is now 0.2 which has increased significantly in the last two years which is because of increase in long term lease liabilities. The increased debt relative to equity is still in line with the industry standards which stands at somewhere around 0.35. The company's newly adopted approach of taking debt for operations and expansion can also result in lesser cost of capital and generate more wealth for its shareholders.



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

The company has maintained its quick ratio near 1 and it is revolving around it only from past 4 years. This suggests us that the company has efficiently maintained its quick assets(cash and cash equivalents, marketable securities, trade receivables) in relation with its current liabilities

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 FY21 which is because of 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)

The operating profit margin for the company has been consistent around 10% since last 4 years, which suggest us that company was able to reduce its expenses effectively when the revenue for the company decreased in past years.

Signify Innovations Profit Before Tax Margin (PBT Margin)

Signify Innovations Profit After Tax Margin (PAT Margin)

The company's PAT margin stands at 10.69% for FY20 which is around 4% more than preceding years, this increase in PAT is mainly attributable to decrease in exceptional items of the company which can be a one time thing only

  • Signify Innovations Profitablity Ratio

Signify Innovations Return on Equity(RoE)

The profitability ratios of the company for FY21 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. This change was because of one time gain of INR 91.6 Cr. on the sale of Company's Mohali Plant. 

Signify Innovations Return on Capital Employed(RoCE)


Signify Innovations Return to Assets (RoA)

Despite of having increasing assets, return on assets is increasing for the company because the company made an exceptional gain. Moreover the increase in assets over the years led the company to expand its operations, thereby increasing the income for the company.

  • Signify Innovations Valuation Ratios

Signify Innovations Dividend Yield

Signify Innovations Earning Yield