Versuni
1 MAbout Versuni
A Comprehensive Overview of Price & Journey
Understanding Versuni Inception and Growth
Overview
Versuni, formerly Domestic Appliances India Limited, was incorporated as a wholly owned subsidiary of Philips India Limited on 17 July 2020, and is a leading manufacturer and supplier of household appliances dedicated to enhancing home living. The company was formed to take over the domestic appliances business of Philips India Limited. Philips Domestic Appliances and Preethi Kitchen Appliances Private Limited got demerged from Philips India and worked as a separate company from 1 July 2021.
On July 1, 2021, it demerged from Philips India, along with Preethi Kitchen Appliances Private Limited, to operate as an independent entity. This strategic move allowed the company to concentrate on the domestic appliances market, leveraging its legacy and expertise to cater to the evolving needs of Indian consumers. In a significant rebranding, the company adopted the name Versuni, continuing its mission to transform houses into homes.
As an expanding business, Versuni's share price is something that investors are closely following, as many are keen to know about the company’s future performance and growth prospects. Market analysts are making predictions regarding the Versuni share price target, as they evaluate its position within the home appliances industry.
Products Range
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Kitchen Appliances: Mixer Grinder, Air Fryer, Coffee Maker
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Ironing: Garment Steamer, Steam Iron, Dry Iron
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Air Purifiers: 1000 Series, 2000 Series, 3000 Series
Board of Directors
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Mr. Susim Mukul Datta, Chairman and Independent Director
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Mr. Gulbahar Taurani, Vice-Chairman and Managing Director
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Mrs. Anisha Motwani, Independent Director
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Mr. Piyush Kalra, Director and Chief Financial Officer
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Mrs. Aruna Arulsingh, Director and Company Secretary
Subsidiaries
The company provides no information regarding the subsidiaries of the company.
IPO Details
The company provides no information regarding the IPO plans.
Listing Status
DRHP Not Filed
Dividend Details
The Board of Directors of the Company had approved the payment of an interim dividend of INR 20 per equity share of INR 10 each aggregating to INR 1150 Million.
There is no final dividend declared for the Financial Year 2023-24.
Registered Office
The Registered office of the company is in Kolkata, West Bengal, India
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Overview
Versuni, formerly Domestic Appliances India Limited, was incorporated as a wholly owned subsidiary of Philips India Limited on 17 July 2020, and is a leading manufacturer and supplier of household appliances dedicated to enhancing home living. The company was formed to take over the domestic appliances business of Philips India Limited. Philips Domestic Appliances and Preethi Kitchen Appliances Private Limited got demerged from Philips India and worked as a separate company from 1 July 2021.
On July 1, 2021, it demerged from Philips India, along with Preethi Kitchen Appliances Private Limited, to operate as an independent entity. This strategic move allowed the company to concentrate on the domestic appliances market, leveraging its legacy and expertise to cater to the evolving needs of Indian consumers. In a significant rebranding, the company adopted the name Versuni, continuing its mission to transform houses into homes.
As an expanding business, Versuni's share price is something that investors are closely following, as many are keen to know about the company’s future performance and growth prospects. Market analysts are making predictions regarding the Versuni share price target, as they evaluate its position within the home appliances industry.
Products Range
-
Kitchen Appliances: Mixer Grinder, Air Fryer, Coffee Maker
-
Ironing: Garment Steamer, Steam Iron, Dry Iron
-
Air Purifiers: 1000 Series, 2000 Series, 3000 Series
Board of Directors
-
Mr. Susim Mukul Datta, Chairman and Independent Director
-
Mr. Gulbahar Taurani, Vice-Chairman and Managing Director
-
Mrs. Anisha Motwani, Independent Director
-
Mr. Piyush Kalra, Director and Chief Financial Officer
-
Mrs. Aruna Arulsingh, Director and Company Secretary
Subsidiaries
The company provides no information regarding the subsidiaries of the company.
IPO Details
The company provides no information regarding the IPO plans.
Listing Status
DRHP Not Filed
Dividend Details
The Board of Directors of the Company had approved the payment of an interim dividend of INR 20 per equity share of INR 10 each aggregating to INR 1150 Million.
There is no final dividend declared for the Financial Year 2023-24.
Registered Office
The Registered office of the company is in Kolkata, West Bengal, India
About Versuni
IPO Details, Price movement
Performance Highlights for FY 2023-24
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The revenue from operations for the FY24 was Rs. 1745 Crores compared to the previous year, which was Rs. 1781 Crores, so the current year revenue from operations is slightly lower than the previous year.
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The revenue from operations comes from two things: the sale of goods and the sale of services, the main source is the sale of goods.
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The sale of goods in the current year was Rs. 1724 Crores compared to the previous year, that is, FY23, which was Rs. 1757 Crores, so there is a decrease in demand for the company.
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The EBIT for FY24 is Rs. 169 Crore and for FY23 was Rs. 198 Crores.
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The Profit before tax for FY24 and FY23 was Rs. 163.8 Crores and 195.5 Crores respectively.
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There is a cash inflow of 179 Crores from operating activities, and Cash outflows of Rs. 34 Crore and Rs. 170 Crores from investing and financing activities respectively.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 1738.70 | 1780.70 | 1744.90 |
| Other Income | 1746.10 | 1795.90 | 1756.90 |
| COGS | 1455.70 | 1506.80 | 1454.00 |
| Gross Profit | 902.10 | 817.90 | 730.00 |
| Total Expense | 204.40 | 218.30 | 196.30 |
| EBIDTA | 16.80 | 19.90 | 26.90 |
| D&A | 187.60 | 198.40 | 169.30 |
| PBT | 47.60 | 50.60 | 43.10 |
| TAX | 137.20 | 144.90 | 120.70 |
| Diluted EPS | 24.00 | 24.00 | 21.00 |
| Basic EPS | 24.00 | 24.00 | 21.00 |
| Total income | 3,484.80 | 3,576.60 | 3,501.80 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 112.30 | 181.20 | 154.50 |
| Trade Payables | 101.10 | 105.30 | 140.30 |
| Inventory | 224.00 | 203.80 | 176.30 |
| Other Current Assets | 15.30 | 9.60 | 10.20 |
| Total Current Assets | 452.70 | 499.90 | 481.30 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 75.90 | 79.10 | 144.00 |
| Other Non Current Assets | 181.10 | 135.70 | 126.40 |
| Total Non Current Assets | 257.00 | 214.80 | 270.40 |
| Total Assets | 709.70 | 714.70 | 751.70 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 250.90 | 240.00 | 263.20 |
| Other Current Liab | 49.30 | 60.80 | 77.00 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Other Non Current Liab | 40.00 | 43.20 | 78.40 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 57.50 | 57.50 | 57.50 |
| Other Equity | 312.10 | 313.20 | 275.70 |
| Total Equity | 369.60 | 370.70 | 333.20 |
| Total Liabilities & Equity | 369.60 | 370.70 | 333.20 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | 122.20 | 228.30 | 179.40 |
| Cash Flow from financing | - | -6.30 | -151.40 | -170.30 |
| Cash Flow from investing | - | -15.00 | -6.50 | -34.40 |
| Net cash flow | 0.00 | 100.90 | 70.40 | -25.30 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Promoters or Management
| Name | Designation | Linkedin Profile | |
|---|---|---|---|
| No promoters available. | |||
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Purple Style Labs Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.