Philips India Limited (Philips India) Return Comparision with Primex 40 Index

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

Philips India Limited Standalone Balance Sheet (Rs. In Millions)

Particular	31-03-2025	31-03-2024
Non- Current assets
Property, Plant and Equipment	7,929	8,100
Capital work-in-progress	83	249
Investment property	1,300	1,377
Trade receivables	347	379
Other financial assets	200	161
Deferred tax assets (net)	961	836
Advance income tax (net of provision)	3,444	4,013
Other non-current assets	532	514
Current assets
Inventories	8,295	8,240
Contract assets	376	371
Trade receivables	10,870	9,171
Investments	44	47
Cash and cash equivalent	2,473	2,728
Other financial assets	91	293
Other current assets	3,780	2,848
Total Assets	40,725	39,327
Equity
Equity Share Capital	575	575
Other Equity	17,461	14,321
Non-current liabilities
Contract liabilities	2,349	1,534
Lease liabilities	3,651	3,669
Other non- current liabilities	189	183
Provisions	2,245	3,175
Current liabilities
Contract liabilities	3,069	4,031
Lease liabilities	592	338
Trade payable
Total outstanding dues of micro enterprises and small enterprises	348	242
Total outstanding dues other than above	6,697	7,133
Other financial liabilities	109	406
Other current liabilities	2,606	2,690
Provision for taxation(net of advances)	358	267
Provisions	476	763
Total equity and liabilities	40,725	39,327

Philips India Limited Standalone Profit & Loss Account (Rs. In Millions)

Particulars	31-03-2025	31-03-2024
Revenue from operations	65,420	59,965
Other Income	886	648
Total income	66,306	60,613
Expenses
Cost of materials consumed	4,120	4,074
Purchases of stock-in-trade	23,442	21,310
Change in inventories of work in progress, finished goods and work-in-progress	176	(762)
Employee benefit expense	21,764	21,649
Finance cost	571	388
Depreciation and amortization expense	1,747	1,426
Other expenses	10,006	9,259
Total expenses	61,826	57,344
Profit Before Tax	4,480	3,269
Current tax	(1,528)	(889)
Deferred tax	141	195
Profit after tax	3,093	2,575
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss:
Remeasurements gain/(loss) of the defined benefit plans	63	(30)
Income tax effect on defined benefit plans	(16)	8
Other comprehensive income for the year	47	(22)
Total Comprehensive Income for the year	3,140	2,553
Earnings per equity share (in Rs.)
Basic and diluted	53.78	44.78

Philips India Limited Standalone Cash Flow Statement (Rs. In Millions)

Particular	31-03-2025	31-03-2024
Cash generated From Operating Activities
Profit before tax	4,480	3,269
Adjustments for:
Write off & other adjustment of Property, Plant & Equipment	32	47
Profit on sale of Investments	(7)	-
Depreciation and amortization	1,747	1,426
Unrealized foreign exchange (gain) and loss (net)	(19)	25
Allowances for doubtful trade receivables & loans & advances	335	388
Liabilities no longer required written back	(137)	(39)
Interest on advances, current accounts and deposits	(531)	(415)
Lease Rental Income	(121)	(116)
Finance costs	571	388
Operating Profit before Working Capital Changes	6,350	4,973
Changes in
Trade receivables, other current & non-current assets (except inventories)	(2,721)	(620)
Inventories	(55)	(1,057)
Trade payables and other current, non-current liabilities	(874)	5,065
Cash generated from the operations	2,700	8,361
Income Taxes Paid (net of refund)	(1,421)	(1,005)
Net Cash generating from Operating Activities	1,279	7,356
Cash generated From Investing Activities
Purchase of PPE	(978)	(6,049)
Proceeds from redemption of investments	10	39
Proceed from property, plant and equipment	42	-
Lease rental income	121	116
Interest received	167	65
Net Cash used in Investing Activities	(638)	(5,829)
Cash Flow From Financing Activities
Finance cost	(192)	(107)
Proceeds from borrowings	-	3,150
Repayments of borrowings	-	(3,150)
Interest on lease liabilities paid	(379)	(179)
Principal repayment of lease liabilities	(325)	(631)
Net Cash used in Financing Activities	(896)	(917)
Net Increase/(Decrease) in Cash and Cash Equivalents	(255)	610
Opening balance of cash and cash equivalents	2,728	2,118
Closing balance of cash and cash equivalents	2,473	2,728

Summary of the Cash Flow Statement for the years 2025 and 2024:

Operating Activities

In FY 2025, the company earned a profit before tax of ₹4,480 million, higher than ₹3,269 million in FY 2024. Non-cash adjustments like depreciation of ₹1,747 million and finance costs of ₹571 million added back to cash, while interest income and lease rentals reduced inflows. Working capital movements created pressure as receivables and other assets increased by ₹2,721 million, and trade payables reduced by ₹874 million. This caused cash from operations to drop to ₹2,700 million from ₹8,361 million last year. After paying taxes of ₹1,421 million, net operating cash flow fell to ₹1,279 million compared to ₹7,356 million in FY 2024.

Investing Activities

Investing outflows were much lower this year, with capital expenditure of only ₹978 million against a heavy ₹6,049 million last year. Some inflows also came from interest, lease rentals, and asset disposals. As a result, the net investing outflow stood at ₹638 million, down from ₹5,829 million in FY 2024.

Financing Activities

In financing, the company had outflows of ₹896 million in FY 2025, which is almost the same as ₹917 million in FY 2024. These mainly included interest payments of ₹192 million, lease liability repayments of about ₹704 million, and other finance costs. Unlike last year, there were no new borrowings or repayments of loans, showing a stable financing position without fresh debt inflows.

Overall, the company recorded a net cash outflow of ₹255 million in FY 2025, compared to a net inflow of ₹610 million last year. This decline was mainly due to weak operating cash generation. Still, the company maintained a solid liquidity buffer, with closing cash balances at ₹2,473 million, only slightly lower than ₹2,728 million in FY 2024.

Philips India Limited Financial Ratios

Particular	31-03-2025	31-03-2024
Current Ratio (in times)	1.82	1.50
Return on Equity Ratio (in %)	18.79%	18.91%
Inventory Turnover Ratio (in times)	3.36	3.19
Trade receivables Turnover Ratio (in times)	6.30	6.79
Trade Payables Turnover Ratio (in times)	3.87	3.61
Net Capital Turnover Ratio (in times)	5.54	7.55
Net Profit Ratio (in %)	4.73%	4.29%
Return on Capital Employed Ratio (in %)	25.07	22.01
Return on Investment (in %)	7.73%	7.24%

Summary of the financial ratio for the years 2025 and 2024

Current Ratio

The current ratio improved from 1.50 in FY 2024 to 1.82 in FY 2025. This indicates the company has a stronger liquidity position and is better placed to meet its short-term obligations from current assets.

Return on Equity

Return on equity remained almost the same, with a small dip from 18.91% to 18.79%. This shows the company has maintained consistent returns for its shareholders.

Inventory Turnover Ratio

Inventory turnover increased slightly from 3.19 to 3.36, which means the company is selling its inventory a bit faster, showing improved inventory management.

Trade Receivables Turnover Ratio

This ratio fell from 6.79 to 6.30, suggesting that the company is taking a little longer to collect payments from customers, which can impact cash flow.

Trade Payables Turnover Ratio

The ratio increased from 3.61 to 3.87, meaning the company is paying its suppliers faster compared to last year, which may strengthen supplier relations but reduces the cash holding period.

Net Capital Turnover Ratio

The net capital turnover ratio declined from 7.55 to 5.54, showing that the company is generating fewer sales per unit of capital employed, indicating weaker working capital efficiency.

Net Profit Ratio

The net profit margin improved from 4.29% to 4.73%, reflecting better cost control and stronger profitability from sales.

Return on Capital Employed

ROCE increased from 22.01% to 25.07%, highlighting that the company is using its capital more efficiently to generate profits.

Return on Investment

ROI improved from 7.24% to 7.73%, which shows that investments are yielding better returns compared to last year.