Symphony Ltd

Symphony Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Symphony Ltd

₹ 1,405 2.09%
22 Nov - close price
symphonylimited.com BSE: 517385 NSE: SYMPHONY
About

Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world. [1]
97% of the revenue comes from the sale of Air coolers.[2]

Key Points

Product Portfolio
Symphony Limited is the world leader in evaporative air coolers. It addresses every cooling need with a product range comprising household, commercial and industrial air coolers.[1] As of FY23, company has 97+ designs, 20+ copyrights, 55+ patents 417+ trademarks in its name. It has sold 25+ mn air coolers worldwide.[2]

Website BSE NSE
  • Market Cap ₹ 9,689 Cr.
  • Current Price ₹ 1,405
  • High / Low ₹ 1,881 / 820
  • Stock P/E 41.9
  • Book Value ₹ 110
  • Dividend Yield 0.93 %
  • ROCE 23.8 %
  • ROE 18.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 45.5%
  • Company's working capital requirements have reduced from 48.2 days to 22.3 days

Cons

  • Stock is trading at 12.8 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Consumer Durables Industry: Domestic Appliances

Part of BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
140 146 251 208 215 223 239 172 196 177 251 373 259
105 114 203 181 169 167 191 168 143 136 189 291 187
Operating Profit 35 32 48 27 46 56 48 4 53 41 62 82 72
OPM % 25% 22% 19% 13% 21% 25% 20% 2% 27% 23% 25% 22% 28%
9 8 12 8 14 13 11 15 13 12 0 10 20
Interest 0 0 0 0 0 0 1 0 0 0 0 0 0
Depreciation 2 2 2 2 1 1 2 1 2 1 1 1 2
Profit before tax 42 38 58 33 59 68 56 18 64 52 61 91 90
Tax % 24% 24% 26% 24% 24% 24% 23% 22% 22% 17% 25% 24% 26%
32 29 43 25 45 52 43 14 50 43 46 69 67
EPS in Rs 4.57 4.15 6.15 3.57 6.43 7.43 6.15 2.03 7.25 6.24 6.67 10.01 9.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
278 406 462 415 664 687 524 716 488 641 884 796 1,060
200 284 328 262 456 467 388 515 371 526 708 635 803
Operating Profit 78 122 135 153 208 220 136 201 117 115 177 161 257
OPM % 28% 30% 29% 37% 31% 32% 26% 28% 24% 18% 20% 20% 24%
16 15 30 19 38 40 9 45 36 38 46 41 42
Interest 1 0 1 0 0 1 0 0 0 1 1 1 0
Depreciation 1 1 2 2 4 4 4 6 5 6 6 5 5
Profit before tax 92 136 162 169 242 255 140 240 147 146 216 195 294
Tax % 32% 27% 28% 27% 28% 28% 28% 23% 24% 24% 24% 22%
63 99 116 123 175 183 101 186 112 111 165 153 225
EPS in Rs 8.95 14.12 16.63 17.57 24.97 26.15 14.44 26.57 16.06 15.84 23.56 22.19 32.64
Dividend Payout % 36% 46% 42% 71% 18% 17% 31% 87% 31% 57% 21% 59%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 18%
TTM: 28%
Compounded Profit Growth
10 Years: 10%
5 Years: 6%
3 Years: 12%
TTM: 45%
Stock Price CAGR
10 Years: 4%
5 Years: 4%
3 Years: 11%
1 Year: 61%
Return on Equity
10 Years: 24%
5 Years: 19%
3 Years: 17%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 14 14 14 14 14 14 14 14 14
Reserves 180 226 283 301 450 589 655 635 747 812 898 761 746
0 0 0 0 0 0 0 1 0 40 22 0 0
60 90 94 56 83 82 100 97 121 146 165 182 445
Total Liabilities 247 323 384 364 548 685 769 746 882 1,012 1,099 957 1,205
29 31 59 58 66 67 66 71 71 80 74 74 69
CWIP 4 8 0 3 0 0 1 0 0 1 0 0 0
Investments 122 220 264 186 316 424 545 503 579 597 629 557 838
92 64 60 116 166 194 156 172 231 335 397 326 298
Total Assets 247 323 384 364 548 685 769 746 882 1,012 1,099 957 1,205

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 82 102 81 99 118 178 117 101 8 136 195
-25 -51 -38 68 -68 -85 -142 80 -74 -8 -12 94
-30 -34 -62 -145 -24 -34 -38 -208 -8 -10 -90 -313
Net Cash Flow 5 -3 3 4 7 -1 -2 -11 19 -11 35 -24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 9 5 29 25 23 29 30 60 88 48 55
Inventory Days 48 41 41 46 60 59 53 42 71 72 92 79
Days Payable 39 52 55 41 37 43 62 40 69 68 58 66
Cash Conversion Cycle 16 -2 -9 34 48 39 20 33 62 93 83 68
Working Capital Days -16 -29 -31 21 36 53 13 35 32 72 50 22
ROCE % 53% 64% 56% 63% 62% 48% 26% 37% 21% 18% 24% 24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.25% 73.25% 73.25% 73.25% 73.25% 73.25% 73.38% 73.38% 73.38% 73.38% 73.38% 73.42%
4.31% 4.49% 4.33% 4.03% 4.01% 3.74% 3.62% 3.81% 3.40% 3.32% 4.83% 6.11%
10.02% 10.05% 10.89% 11.14% 11.22% 11.10% 10.69% 10.44% 11.03% 10.27% 9.98% 8.96%
12.42% 12.21% 11.53% 11.59% 11.53% 11.91% 12.29% 12.34% 12.17% 13.02% 11.80% 11.51%
No. of Shareholders 58,35258,53853,36452,37751,9601,39,98068,35566,71167,66072,43954,9602,02,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Concalls