Signify Innovations India Limited Balance Sheet (Rs in Millions)

 Signify Innovations India Limited Profit & Loss Statement (Rs in Millions)

 Signify Innovations India Limited Cash Flow Statement (Rs in Millions)

 Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities: The company’s net profit before tax increased slightly to Rs. 3,646 million in 2024 from Rs. 3,532 million in 2023. Adjustments for non-cash items, including depreciation, amortization, and interest expense, led to a total operating profit before working capital changes of Rs. 4,495 million, up from Rs. 4,247 million in the previous year. Changes in working capital include increases in trade receivables and decreases in trade payables, among other variations. Despite these working capital changes, cash generated from operations improved to Rs. 4,214 million from Rs. 3,864 million in 2023. After accounting for income tax payments, net cash flows from operating activities rose to Rs. 3,247 million from Rs. 2,852 million, indicating a stronger operational cash flow.

Cash Flow from Investing Activities: In investing activities, the company spent Rs. 195 million on purchasing property, plant, and equipment, a decrease from Rs. 548 million in 2023. Proceeds from the sale of property and equipment and interest income received contributed to positive cash flow from investing activities. However, the overall net cash flow from investing activities improved to Rs. 66 million from a negative Rs. 330 million in 2023, reflecting better management of investment expenditures and higher cash inflows from asset disposals and interest.

Cash Flow from Financing Activities: Financing activities saw an increase in dividends paid, rising to Rs. 3,595 million from Rs. 2,157 million in 2023. Interest payments, including those on lease liabilities, and principal payments on leases also contributed to cash outflows. The net cash flow from financing activities was negative Rs. 4,166 million, up from Rs. 2,665 million in 2023. This larger outflow is primarily due to increased dividend payments and lease principal repayments.

Financial Ratios of Signify Innovations India Limited

Here is a summary of the financial and operational metrics for Signify Innovations India Limited for the year 2024 and 2023:

 Current Ratio: The current ratio remained stable at 1.3 for both 2024 and 2023, indicating consistent short-term liquidity. This ratio suggests that the company continues to maintain an adequate level of current assets relative to its current liabilities, which is crucial for meeting short-term obligations.

Return on Equity (ROE): ROE improved to 45.20% in 2024 from 43.20% in 2023. This increase signifies a higher return on shareholders ' equity, reflecting enhanced profitability and efficient use of equity capital to generate profits.

Inventory Turnover Ratio: The inventory turnover ratio decreased from 6.1 in 2023 to 5.3 in 2024. This decline suggests a slower rate of inventory turnover, possibly due to increased inventory levels or slower sales, which could affect operational efficiency.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio slightly decreased from 12.4 in 2023 to 12 in 2024. This minor decline indicates a marginal reduction in the efficiency of collecting receivables, though the company still manages a relatively high turnover rate.

Trade Payables Turnover Ratio: The trade payables turnover ratio fell from 2.7 in 2023 to 2.5 in 2024. This decrease suggests that the company is taking slightly longer to pay its suppliers, which could impact supplier relationships but may also help in managing cash flow.

Net Capital Turnover Ratio: The net capital turnover ratio increased significantly from 9.6 in 2023 to 12.6 in 2024. This improvement indicates a more efficient use of capital to generate sales, reflecting stronger operational performance and productivity.

Net Profit Ratio: The net profit ratio increased from 8.60% in 2023 to 8.80% in 2024. This slight improvement signifies a higher percentage of net profit from total revenue, demonstrating better cost management and profitability.

Return on Capital Employed (ROCE): ROCE rose from 46.20% in 2023 to 54.90% in 2024. This substantial increase indicates improved efficiency in generating profit from capital employed, showcasing enhanced overall performance and effective utilization of capital.

Debt-Equity Ratio: The debt-equity ratio increased to 23.50% in 2024 from 19.80% in 2023. This rise suggests a higher proportion of debt relative to equity, indicating increased financial leverage, which may enhance returns but also introduces higher financial risk.

Debt Service Coverage Ratio: The debt service coverage ratio decreased slightly from 7 in 2023 to 6.6 in 2024. This reduction indicates a minor decline in the company’s ability to cover its debt obligations from operating cash flows, although it remains at a healthy level.

Dividend history of Signify Innovations India Limited (In Rs. Millions)