About Philips India
(i) Philips India Limited is a subsidiary of Royal Philips of the Netherlands (KNPV), a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment, and home care. KNPV Holds 96.13% shares in Philips India Limited and remaining shares are held by minority shareholders.
(ii) Philips India is a leading hi-tech company doing business in the field of Healthcare system, and Personal Healthcare. The company also has a Healthcare innovation center at Pune and Innovation campus at Bangaluru.
(a) Healthcare System:
It imports machines from Philips globally for Diagnostic Imaging( MRIs, CT Scan, Digital X-Ray), Ultra Sound, Image-Guided Therapy, Patient Care, and monitoring Systems.
(b) Personal Healthcare:
It includes Domestic appliances, Personal Care, Health, and Wellness products.
(c) Healthcare Innovation Center:
It is the R&D center of Philips India which also assembles machines as discussed above under the Healthcare System.
(d) Philips Innovation Campus (PIC):
Based at Bangalore, initially started as a software center in 1996, is now recognized as one of the key innovation hubs for Philips globally.
The focus of the innovation hub is to help accelerate Philips’s leadership as a Health Technology company through meaningful innovations for local and for global markets. Enabled by highly qualified, passionate and motivated professionals over the last 23 years, this center has evolved rapidly to become
a strategic innovation hub for Philips.
PIC builds software products and solutions across the health continuum starting with healthy living, disease prevention to diagnosis, treatment, and home-based care. The software and product innovations enable global advancements in common platforms for various imaging products like MRI, CT, Diagnostic X-Ray, and Ultrasound. PIC has extensive expertise in cutting-edge technologies such as AI, Cloud, Data Analytics, IoT, etc.
Subsidiaries of Philips India:
As of March 31, 2019, the Company had two wholly-owned subsidiaries, Preethi Kitchen Appliances Private Limited (“Preethi”) and Philips Home Care Services India Private Limited (“Philips Home Care”) and a Joint Venture Company, Healthmap Diagnostics Private Limited (“Healthmap”), where the Company held 35% shareholding.
However, in the meeting of the Board of Directors of the Company held on May 1, 2019, the approval was accorded to dispose of the shareholding of the Company in Healthmap, by way of sale to Manipal Health Enterprises Pvt. Ltd.(Manipal), at the present fair market value at that time i.e. 23.65 per share. The Company held 1.48 Crore shares in Healthmap and based on the said price, the aggregate share sale consideration amounted to 35.00 Crores.
Preethi Kitchen Appliances is the leading manufacturer of kitchen appliances in the south India market. It sells mixer grinder, glass top, stainless-steel, gas stoves, coffee maker, induction cooker, rice cookers, Kettles, electric iron box, electric pressure cooker, and vessels for Induction cooker.
Philips Home Care had launched its Critical care segment in 2017, wherein the step-down version of an ICU is set up in the patient’s home with 24×7 presence of a nurse, along with wide range of equipment and services, as required, like BIPAP, Multipara Monitor/pulse oximeter, DVT pump, infusion pump, hospital bed, physiotherapist’s visit, and respiratory therapist’s visit.
Philips India Annual Report 2021 Updates
a) During the year 2020-21, Health Systems business of Philips India delivered another year of strong performance irrespective of Market de-growth, driven by growth in Image Guided Therapy (IGT) (47.6% Market Share) and Connected Care (CC) Business.
b) In Image Guided Therapy(IGT),Philips Market share improved by 11.2%.
c) Magnetic Resonance (MR), Philips Market share increased by 1.5% fuelled by PMRS.
d) Ultrasound business of Philips India has improved market share from 17% to 19.7% driven by strong performance of the India.
a) Personal Health business continued its transformation journey by adopting to the external dynamic headwinds and delivered 16% growth over the previous financial year.
b) Under Domestic Appliances business, Philips India has launched New Urban living range of Air Purifiers with an idea to create a safe in home environment and also a new range of Oven Toast and Grill (OTG) products to support the In-home Cooking trend.
Demerger of Domestic business
Domestic Appliance Business will stand transferred to and vested with Philips Domestic Appliances India Limited with effect from the appointed date i.e. July 1, 2021. So existing shareholders of the Philips India will get shares of Domestic Appliances. And, accordingly the unlisted shares value of Philips India will reduce.
Domestic Appliances business including the Company’s subsidiary “Preethi Kitchen Appliances Private Limited” will be carved out from the Business segment “Personal Health” which primarily involves sale of kitchen appliances (juicers, blenders, Air fryer, food processors), home care (vacuum cleaners, air purifiers), garment care (irons, steam generators) and coffee makers (appliances and accessories).
Financial Performance of Domestic Business
|Particulars (in Cr)||FY20-21|
|Revenue from operations||1475|
In accordance with the Scheme, the assets and liabilities pertaining to Domestic Appliance business will stand transferred to and vested with Philips Domestic Appliances India Limited with effect from the appointed date i.e. 01 July 2021 and shareholders of the Company will be allotted 1 fully paid equity share of Philips Domestic Appliances India Limited for each fully paid equity share held by them in the Company on or before the Effective date and the transfer of the De-merged Undertaking shall be on a going concern basis.
Philips Innovation Campus, Bengaluru (PIC-B) established in 1996 as a premier software research and development organisation of Royal Philips, today hosts 4500+ top-notch professionals working on developing products and innovative solutions across the healthcare continuum to improve people’s health. It is one of the four major Philips innovation hubs globally.
Subsidiaries of Philips India
During the financial year 2020-21, Philips India had three wholly owned subsidiaries, Preethi Kitchen Appliances Private Limited (“Preethi”), Philips Home Care Services India Private Limited (“Philips Home Care”) and Philips Domestic Appliances India Limited (“Philips Domestic Appliances”).
Now as said above, the Domestic Appliance India business was de-merged from Philips India w.e.f o1.07.2021.
Financial Performance of Philips India
|Particulars (in Cr)||FY20-21||FY19-20|
|Profit from continuous operation||164||143|
|Profit from discontinuous operation||101||0|
If you see the above financial carefully, company has shown two types of profit in the books, first from continuous i.e. 164 Crores and Second is discontinuous i.e. 101 Crores. This discontinuous profit will not be available from next year as this business is de-merged.
Current Unlisted market price of Philips India is 1600 and P/E 37x based on EPS of 43. After demerger of the domestic appliances business EPS would become 28.
So, price of Philips India should trade around level of Rs.1000 if we give P/E of 35x to its business after de-merger. For 30x P/E, the price would be ~800 per share.
|Total Available Shares:||300|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100-300 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
|Shareholders Name||number of shares||% of share|
|Koninklijke Philips N.V.||5,52,90,182||96.13|
|Philips Radio B.V.||60||0|
Please find below the procedure for buying Philips India Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Philips India Limited Unlisted Shares at UnlistedZone.
Lock-in period of Philips India Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Philips India Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Philips India Limited Unlisted Shares then minimum investment would be 35-50k.
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If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
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