Signify Innovations India Ltd
Delisted lighting major with an established brand and a large professional lighting order book.
Market cap
₹5,971 Cr
4.60 Cr shares
P/E ratio
27.64
Sector average 36
Book value
₹360.43
P/B 3.60
1-year return
+28.91%
52w ₹985 – ₹1,420
Currently 72% of the way through its 52-week range.
Indicative price history
1Y change
+28.92% ₹1,007 → ₹1,298
52-week band in this window: ₹1,006.82 – ₹1,364.48. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Delisted lighting major with the deepest electrical-retail distribution in the category.
- Professional lighting projects give multi-year revenue visibility.
- Consistent dividend payer with negligible borrowings.
About Signify India
Signify Innovations India is the Indian lighting business of a global lighting group, covering consumer lamps and luminaires as well as professional and infrastructure lighting.
The consumer business sells LED bulbs, battens, downlighters and connected lighting through a wide distributor network.
The professional segment handles street lighting, stadium and architectural projects, and industrial installations, often on multi-year contracts.
Where the revenue comes from
- Consumer lighting46%
Lamps, luminaires and connected lighting
- Professional lighting42%
Street, stadium and industrial projects
- Services & controls12%
Lighting-as-a-service and controls
Products & services
Philips consumer lighting
LED bulbs, battens, downlighters, decorative and smart lighting.
Professional lighting
Street, stadium, industrial and architectural installations.
Interact
Connected lighting systems and controls.
What works
- • Established brand with deep electrical-retail distribution across India.
- • Professional lighting projects give multi-year revenue visibility.
- • Parent-backed technology and product pipeline.
What to watch
- • LED price deflation continues to pressure realisation per unit.
- • Government infrastructure lighting orders are lumpy and payment cycles are long.
- • Being delisted, the shares have no exchange-traded exit route.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Signify IndiaThis page | ₹1,298.00 | ₹5,971 Cr | 27.64 | 3.60 | +6.61% |
| Merino | ₹3,130.00 | ₹3,506 Cr | 13.28 | 1.98 | +10.81% |
| Manjushree | ₹944.00 | ₹2,322 Cr | 13.42 | 2.07 | +12.53% |
Latest reported year: FY26 ending 31 Mar 2026.