Philips India Limited IPO Company Profile:
Philips India Limited is a subsidiary company of KNPV (“Koninklijke Philips N.V”), a leading health technology company that believes in viewing through the lens of customer needs. The company believes that innovation can improve people’s health and healthcare outcomes, as well as make care more accessible, personal, connected, and sustainable. In concrete terms, the company aims to improve the lives of 2 billion people a year by 2025, including 300 million in underserved communities, rising to 2.5 billion and 400 million respectively by 2030. Guided by this purpose, it is the company’s strategy to lead with innovative solutions that combine products, systems, software, and services and leverage clinical and operational data, to help the customers deliver on the Quadruple Aim that is of better health outcomes, improved patient experience, improved staff experience, and lower cost of care along with that to help people take better care of their health at every stage of life. The company strives to deliver superior, long-term value to its customers and shareholders, while acting responsibly towards the planet and society, in partnership with its stakeholders.
With Philips India Limited’s global reach, market leadership positions, deep clinical and technological insights, and customer-centric innovation capability, the company is strongly placed to create further value in a changing healthcare world through its propositions in:
- Diagnosis & Treatment:
- Patient- and staff-centered solutions that simplify workflow and deliver more precise diagnoses and clear pathways with predictable outcomes
- Uniquely integrating best-in-class imaging with specialized devices to innovate procedures and improve lives
- Connected Care:
- Patient care solutions, advanced analytics, and patient and workflow optimization across all care settings
- Therapies to support patients in their chronic care needs
- Personal Health:
- Products and services to support healthier lifestyles and disease prevention
Details of Subsidiary/ Joint Ventures/ Associate Companies:
Philips India Limited had three wholly owned subsidiaries, Preethi Kitchen Appliances Private Limited (“Preethi”), Philips Domestic Appliances India Limited (“Philips Domestic Appliances”), and Philips Home Care Services India Private Limited (Philips Home Care). Preethi and Philips Domestic Appliances wholly owned subsidiaries were carved out from the Business segment of the Company with effect from July 1, 2021. Further, in the meeting of the Board held on December 19, 2019, the approval of the Board was accorded to make an application with ROC, Kolkata to Strike off the name of Philips Home Care as prescribed under section 248(2) of the Companies Act, 2013 and to waive off any outstanding amount due from Philips Home Care Services India Private Limited. Application to Strike off Philips Home Care was filed with the Ministry of Corporate Affairs (Ministry) on January 23, 2020, and the same was approved by Ministry on October 25, 2021.
Philips India Limited IPO Details of shareholders holding more than 5% shares of the Company:
| S.NO. | Name of the Shareholder | No. of Shares | % of pre-Offer shareholding |
| 1 | Koninklijke Philips N.V (KPNV) | 55,290,182 | 96.13% |
| Total | 55,290,182 | 96.13% |
Philips India Limited IPO Financial Analysis:
| Particulars | FY-22(in cr.) | FY-21(in cr.) | YoY |
| Revenue from Operations | 5481.40 | 4842.70 | 13.19% |
| Other Income | 64.80 | 41.20 | 57.28% |
| Cost of Goods Sold | 2655.30 | 2165.80 | 22.60% |
| Employee Cost | 1659.00 | 1460.30 | 13.6 |
| Other expenses | 833.00 | 845.20 | -1.44% |
| EBITDA | 398.90 | 412.60 | -3.32% |
| EBITDA margin% | 7.28% | 8.52% | |
| Depreciation | 138.40 | 134.30 | 3.1 |
| Interest | 27.20 | 25.20 | 7.94% |
| Exceptional items | 130.90 | 0.00 | |
| PBT | 364.20 | 253.10 | 43.90% |
| Total tax | 98.30 | 77.10 | 27.50% |
| PAT | 265.90 | 176.00 | 51.08% |
| PAT margin% | 4.85% | 3.63% |
Philips India Limited IPO Details:
| IPO Open Date | Not Available |
| IPO Close Date | Not Available |
| Listing Date | Not Available |
| Face Value | ₹10 per share |
| Price | Not Available |
| Lot Size | Not Available |
| Issue Size | Not Available |
| Fresh Issue | Not Available |
| Offer For Sale | Not Available |
| Issue Type | Not Available |
| Listing At | Not Available |
| QIB Shares Offered | Not Available |
| NII (HNI) Shares Offered | Not Available |
| Retail Shares Offered | Not Available |
| Promoters | Koninklijke Philips N.V (KPNV) |