Platform	Last Traded Price	Min Quantity

Strengths & Weaknesses

Strengths

Market Leadership in Healthcare and Innovation: Philips leads in premium medical equipment in India, with strong capabilities in imaging technology and end-to-end medical centre solutions. Its Pune facility delivers world-class "Made in India" equipment. The innovation services segment, supporting KPNV's global tech needs, is poised for continued growth.

Strong Financial Profile: Phlip India’s financial health is robust, with net worth of ₹1,474 crore and minimal debt as of March 31, 2024. Debt protection metrics are expected to remain strong, with no large debt-funded acquisitions or capex planned, apart from routine maintenance.

Support from Parent Company: As a 96.13% subsidiary of KPNV, Phlilips benefits from strategic, technological, and managerial support. It imports most products from KPNV and remains integral to the parent’s expansion strategy in emerging markets.

Weaknesses

Modest Profitability: Healthcare margins are expected to remain modest (5-6%), while personal care faces pricing pressure due to competition. However, the innovation services segment supports higher margins (~14%).

Competitive Pressures: Philip India faces intense competition in healthcare from GE and Siemens but benefits from a strong brand, extensive product portfolio, and broad distribution network.

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	57.5	57.5	57.5	57.5	57.5	57.5
Reserves	1432.1	1176.8	2220.0	2337.5	1994.7	2039.0
Total Equity	1489.6	1234.3	2277.5	2395.0	2052.2	2096.5
Provisions	320.0	280.9	237.8	243.5	302.2	80.0
Other Non-Current Liabilities	801.1	408.2	430.0	451.5	405.6	149.3
Total NC LiabilitiesTitle 6	858.6	465.7	487.5	509.0	463.1	206.8
Provisions	73.8	63.5	95.4	188.5	100.1	82.9
Other Current Liabilities	1247.5	1219.7	1302.4	1009.9	933.7	1286.5
Total Current Liabilities	1567.5	1500.6	1540.2	1253.4	1235.9	1366.5
Equity + Liabilities	3915.7	3200.6	4305.2	4340.9	3751.2	3669.8
Fixed Assets (incl. WIP)	830.3	368.4	371.0	434.3	428.3	350.1
Other Non Current Assets	731.5	711.4	763.9	724.8	828.0	852.6
Total NC Assets	1561.8	1079.8	1134.9	1159.1	1256.3	1202.7
Trade Receivables	917.1	740.1	750.1	574.1	802.8	804.8
Cash & Cash Equivalents	272.8	211.8	1315.9	931.3	857.8	753.7
Other Current Assets	1164.0	1168.9	1104.3	778.3	832.8	906.0
Total Assets	3915.7	3200.6	4305.2	4340.9	3751.2	3669.8

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	6000.4	5734.0	5481.4	4842.7	5194.5	4912.1
Growth %	5%	5%	13%	-7%	6%	0
Operating Expenses	5553.0	5330.2	5147.3	4471.3	4805.8	4515.1
Growth %	4%	4%	15%	-7%	6%	0
Operating Profit	447.4	403.8	334.1	371.4	388.7	397.0
Op. Profit Margin %	7.5%	7.0%	6.1%	7.7%	7.5%	8.1%
Other Income	60.9	71.9	64.8	41.2	58.9	77.5
Interest Expense	38.8	26.4	27.2	25.2	21.7	13.7
Depreciation	142.6	128.5	138.4	134.3	127.3	153.3
Exceptional Items	0.0	0.0	-130.9	0.0	-14.2	22.9
Profit Before Tax	326.9	320.8	364.2	253.1	312.8	284.6
Tax	69.4	60.8	97.9	75.1	169.1	92.0
Tax %	1%	1%	2%	2%	3%	2%
P/L from disc operations	0.0	0.0	7.0	13.5	0.0	1.9
Profit After Tax	257.5	260.0	259.3	164.5	143.7	190.7
Growth %	-1.0%	0.3%	57.6%	14.5%	-24.6%	0
PAT %	4%	5%	5%	3%	3%	4%
Diluted EPS	44.8	45.2	46.2	30.6	25.0	33.2

Shareholding Pattern

Color	Shareholder	Holding
	Koninklijke Philips N.V (KPNV)	96.13%
	Others	3.87%

Fundamentals

Quick Insights

Market Leadership in Healthcare and Innovation: Philips leads in premium medical equipment in India, with strong capabilities in imaging technology and end-to-end medical centre solutions. Its Pune facility delivers world-class "Made in India" equipment. The innovation services segment, supporting KPNV's global tech needs, is poised for continued growth. Strong Financial Profile: Phlip India’s financial health is robust, with net worth of ₹1,474 crore and minimal debt as of March 31, 2024. Debt protection metrics are expected to remain strong, with no large debt-funded acquisitions or capex planned, apart from routine maintenance. Support from Parent Company: As a 96.13% subsidiary of KPNV, Phlilips benefits from strategic, technological, and managerial support. It imports most products from KPNV and remains integral to the parent’s expansion strategy in emerging markets.

Market Cap₹5,464.03 Cr

PE Ratio21.21

EPS₹44.8

Dividend Yield-

Book Value₹258.98 Cr

Debt/Equity-

Price/Book3.67

Price/Sales-

Industry PE-

Sales₹6,000.4 Cr

Profit After Tax₹257.5 Cr

Share Capital₹57.5 Cr

Shares Outstanding-

ISININE319A01016

SectorElectronics

Symbol-

About Company

Philips India is a significant subsidiary of the global healthcare and technology company, Koninklijke Philips NV. The company has a long history in the Indian market, having established itself over 120 years ago.

Quick Insights

Market Leadership in Healthcare and Innovation: Philips leads in premium medical equipment in India, with strong capabilities in imaging technology and end-to-end medical centre solutions. Its Pune facility delivers world-class "Made in India" equipment. The innovation services segment, supporting KPNV's global tech needs, is poised for continued growth. Strong Financial Profile: Phlip India’s financial health is robust, with net worth of ₹1,474 crore and minimal debt as of March 31, 2024. Debt protection metrics are expected to remain strong, with no large debt-funded acquisitions or capex planned, apart from routine maintenance. Support from Parent Company: As a 96.13% subsidiary of KPNV, Phlilips benefits from strategic, technological, and managerial support. It imports most products from KPNV and remains integral to the parent’s expansion strategy in emerging markets.

Market Cap₹5,464.03 Cr

PE Ratio21.21

EPS₹44.8

Dividend Yield-

Book Value₹258.98 Cr

Debt/Equity-

Price/Book3.67

Price/Sales-

Industry PE-

Sales₹6,000.4 Cr

Profit After Tax₹257.5 Cr

Share Capital₹57.5 Cr

Shares Outstanding-

ISININE319A01016

SectorElectronics

Symbol-

About Company

Strengths

Weaknesses

Competitive Pressures: Philip India faces intense competition in healthcare from GE and Siemens but benefits from a strong brand, extensive product portfolio, and broad distribution network.

Annual Reports

FY FY FY FY FY

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	57.5	57.5	57.5	57.5	57.5	57.5
Reserves	1432.1	1176.8	2220.0	2337.5	1994.7	2039.0
Total Equity	1489.6	1234.3	2277.5	2395.0	2052.2	2096.5
Provisions	320.0	280.9	237.8	243.5	302.2	80.0
Other Non-Current Liabilities	801.1	408.2	430.0	451.5	405.6	149.3
Total NC LiabilitiesTitle 6	858.6	465.7	487.5	509.0	463.1	206.8
Provisions	73.8	63.5	95.4	188.5	100.1	82.9
Other Current Liabilities	1247.5	1219.7	1302.4	1009.9	933.7	1286.5
Total Current Liabilities	1567.5	1500.6	1540.2	1253.4	1235.9	1366.5
Equity + Liabilities	3915.7	3200.6	4305.2	4340.9	3751.2	3669.8
Fixed Assets (incl. WIP)	830.3	368.4	371.0	434.3	428.3	350.1
Other Non Current Assets	731.5	711.4	763.9	724.8	828.0	852.6
Total NC Assets	1561.8	1079.8	1134.9	1159.1	1256.3	1202.7
Trade Receivables	917.1	740.1	750.1	574.1	802.8	804.8
Cash & Cash Equivalents	272.8	211.8	1315.9	931.3	857.8	753.7
Other Current Assets	1164.0	1168.9	1104.3	778.3	832.8	906.0
Total Assets	3915.7	3200.6	4305.2	4340.9	3751.2	3669.8

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	6000.4	5734.0	5481.4	4842.7	5194.5	4912.1
Growth %	5%	5%	13%	-7%	6%	0
Operating Expenses	5553.0	5330.2	5147.3	4471.3	4805.8	4515.1
Growth %	4%	4%	15%	-7%	6%	0
Operating Profit	447.4	403.8	334.1	371.4	388.7	397.0
Op. Profit Margin %	7.5%	7.0%	6.1%	7.7%	7.5%	8.1%
Other Income	60.9	71.9	64.8	41.2	58.9	77.5
Interest Expense	38.8	26.4	27.2	25.2	21.7	13.7
Depreciation	142.6	128.5	138.4	134.3	127.3	153.3
Exceptional Items	0.0	0.0	-130.9	0.0	-14.2	22.9
Profit Before Tax	326.9	320.8	364.2	253.1	312.8	284.6
Tax	69.4	60.8	97.9	75.1	169.1	92.0
Tax %	1%	1%	2%	2%	3%	2%
P/L from disc operations	0.0	0.0	7.0	13.5	0.0	1.9
Profit After Tax	257.5	260.0	259.3	164.5	143.7	190.7
Growth %	-1.0%	0.3%	57.6%	14.5%	-24.6%	0
PAT %	4%	5%	5%	3%	3%	4%
Diluted EPS	44.8	45.2	46.2	30.6	25.0	33.2

Shareholding Pattern

Color	Shareholder	Holding
	Koninklijke Philips N.V (KPNV)	96.13%
	Others	3.87%

Board of Directors

A.D.A. RatnamChairman and Non-Executive Independent Director

Bharath Ram Raman SeshaManaging Director

Harish ChawlaWhole - Time Director

Dev Kumar TripathyWhole - Time Director and Chief Financial Officer

Geetu Gidwani VermaNon-Executive Independent Director

Senior Management

Bharath Ram Raman SeshaManaging Director

Dev Kumar TripathyChief Financial Officer

Philips India Ltd

Strengths

Weaknesses

Quick Insights

Quick Insights

Strengths

Weaknesses