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.

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    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)