Signify Innovations India Limited (Signify) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Signify Innovations India Limited

SIGNIFY INNOVATIONS INDIA Limited Balance Sheet (In Rs. Millions)

PARTICULARS	31st March 2023	31st March 2022
ASSETS
Non-current assets
Property, plant and equipment	1,218	895
Capital work-in-progress	55	86
Intangible assets	838	939
Right-of-use assets	1,161	1,055
Financial assets
Other financial assets	645	223
Deferred tax assets (net)	298	208
Non-current tax assets (net)	137	137
Other non-current assets	86	95
Total non-current assets	4,438	3,638
Current assets
Inventories	2,974	2,556
Financial assets
Investments	11	-
Trade receivables	2,688	2,328
Cash and cash equivalents	5,437	5,580
Other bank balances	218	184
Other financial assets	371	348
Current tax assets (net)	121	64
Other current assets	848	1,214
Total current assets	12,668	12,274
Total assets	17,106	15,912
EQUITY AND LIABILITIES
Equity
Equity share capital	575	575
Other equity	5,849	5,352
Total equity	6,424	5,927
Liabilities
Non-current liabilities
Financial liabilities
Lease Liabilities	850	749
Provisions	38	36
Other non-current liabilities	361	442
Total non-current liabilities	1,249	1,227
Current liabilities
Financial liabilities
Trade payables
Total outstanding dues of micro-enterprises and small enterprises	196	1,050
Total outstanding dues of creditors other than micro-enterprises and small enterprises	6,363	5,007
Lease Liabilities	420	331
Other financial liabilities	403	398
Other current liabilities	1,025	985
Provisions	1,026	987
Total current liabilities	9,433	8,758
Total liabilities	10,682	9,985
Total equity and liabilities	17,106	15,912

SIGNIFY INNOVATIONS INDIA Limited Profit & Loss Statement (In Rs. Millions)

PARTICULARS	31st March 2023	31st March 2022
Revenue
Revenue from contract with customers	31,063	27,946
Other income	233	298
Total income	31,296	28,244
Expenses
Cost of raw materials and components consumed	1,752	1,710
Purchases of traded goods	15,398	13,279
Changes in inventories of finished goods and traded goods	-229	167
Employee benefits expense	4,687	4,197
Finance costs	88	88
Depreciation and amortization expense	797	606
Other expenses	5,141	4,848
Total expenses	27,634	24,895
Profit before exceptional items and tax	3,662	3,349
Less/(Add) Exceptional items	130	199
Profit before tax	3,532	3,150
Tax expense
Current tax	951	752
Deferred tax	-86	79
Total tax expense	865	831
Profit for the year	2,667	2,319
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurement gain/(loss) of defined benefit plans	-17	34
Income tax relating to remeasurement of defined benefit plans	4	-39
Total other comprehensive income for the year, Net of tax	-13	-5
Total comprehensive income for the year	2,654	2,314
Earnings per equity share (face value of 10 each)
Basic (in ₹)	46	40
Diluted (in ₹)	46	40

Signify Innovations India Limited Financial Ratios

Financial ratio	2023	2022
Current Ratio	1.34	1.4
Return on Equity Ratio	0.1	0.1
Inventory turnover ratio	1.5	1.6
Trade Receivables turnover ratio	3.1	2.9
Trade payables turnover ratio	0.7	0.6
Net capital turnover ratio	9.6	7.9
Net profit ratio	0.1	0.1
Return on Capital employed	0.3	0.3

Insight of the financial ratios of Signify Innovations India For March 31, 2023

Current Ratio (1.34):

This indicates Signify Innovations India has a comfortable level of short-term assets to cover its short-term liabilities.

Return on Equity Ratio (0.1):

Suggests a 10% return on shareholders ' equity, indicating a moderate profitability.

Inventory Turnover Ratio (1.5):

Reflects a moderate turnover of inventory. A higher ratio is generally favorable, so it 's worth monitoring inventory management.

Trade Receivables Turnover Ratio (3.1):

Indicates an efficient collection of receivables, with a higher ratio reflecting effective management.

Trade Payables Turnover Ratio (0.7):

Suggests a moderate turnover of trade payables, indicating reasonable payment management.

Net Capital Turnover Ratio (9.6):

Reflects a high turnover of net capital, indicating efficient utilization of capital for generating sales.

Net Profit Ratio (0.1):

Indicates a 10% net profit margin, reflecting the company 's ability to convert sales into profits.

Return on Capital Employed (0.3):

Suggests a 30% return on the capital employed, indicating a reasonably efficient use of capital.

In summary, Signify Innovations India appears to have a comfortable liquidity position, reasonably efficient management of inventory and trade receivables, and a solid return on equity and capital employed. Monitoring these ratios over time and comparing them to industry benchmarks can provide a more comprehensive understanding of the company 's financial health and performance.