Symphony Ltd
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]
- Market Cap ₹ 7,731 Cr.
- Current Price ₹ 1,121
- High / Low ₹ 1,881 / 851
- Stock P/E 33.9
- Book Value ₹ 106
- Dividend Yield 1.16 %
- ROCE 18.8 %
- ROE 18.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 47.6%
Cons
- Stock is trading at 10.6 times its book value
- The company has delivered a poor sales growth of 6.50% over past five years.
* 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 SmallCap Nifty Microcap 250 Nifty Total Market BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
347 | 487 | 525 | 446 | 764 | 798 | 844 | 1,103 | 900 | 1,039 | 1,188 | 1,156 | 1,420 | |
269 | 364 | 393 | 309 | 565 | 579 | 711 | 889 | 759 | 877 | 1,048 | 985 | 1,159 | |
Operating Profit | 78 | 123 | 132 | 136 | 199 | 220 | 133 | 213 | 140 | 162 | 140 | 171 | 261 |
OPM % | 22% | 25% | 25% | 31% | 26% | 28% | 16% | 19% | 16% | 16% | 12% | 15% | 18% |
18 | 16 | 34 | 33 | 43 | 54 | 15 | 51 | 24 | 40 | 50 | 48 | -1 | |
Interest | 1 | 0 | 1 | 0 | 1 | 2 | 8 | 13 | 12 | 10 | 12 | 12 | 9 |
Depreciation | 4 | 4 | 4 | 4 | 7 | 7 | 10 | 21 | 21 | 24 | 26 | 26 | 23 |
Profit before tax | 91 | 135 | 161 | 165 | 235 | 265 | 130 | 230 | 131 | 168 | 152 | 181 | 228 |
Tax % | 34% | 22% | 28% | 28% | 29% | 27% | 30% | 21% | 18% | 28% | 24% | 18% | |
60 | 106 | 116 | 118 | 166 | 193 | 92 | 182 | 107 | 121 | 116 | 148 | 182 | |
EPS in Rs | 8.59 | 15.10 | 16.56 | 16.91 | 23.77 | 27.52 | 13.19 | 25.94 | 15.34 | 17.20 | 16.64 | 21.48 | 26.39 |
Dividend Payout % | 38% | 43% | 42% | 74% | 19% | 16% | 34% | 89% | 33% | 52% | 30% | 61% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 7% |
3 Years: | 9% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 6% |
3 Years: | 9% |
TTM: | 94% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 7% |
3 Years: | 1% |
1 Year: | 32% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 215 | 269 | 299 | 312 | 451 | 598 | 652 | 625 | 745 | 825 | 867 | 735 | 716 |
0 | 0 | 0 | 0 | 19 | 26 | 188 | 210 | 219 | 254 | 232 | 170 | 172 | |
94 | 118 | 116 | 104 | 121 | 119 | 211 | 215 | 236 | 267 | 281 | 291 | 561 | |
Total Liabilities | 316 | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,210 | 1,463 |
70 | 70 | 68 | 77 | 79 | 82 | 237 | 318 | 354 | 355 | 351 | 327 | 339 | |
CWIP | 4 | 8 | 0 | 3 | 0 | 0 | 6 | 2 | 0 | 0 | 0 | 0 | 0 |
Investments | 99 | 199 | 242 | 162 | 292 | 422 | 458 | 412 | 484 | 500 | 527 | 373 | 677 |
144 | 117 | 112 | 180 | 234 | 252 | 363 | 332 | 375 | 506 | 516 | 510 | 447 | |
Total Assets | 316 | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,210 | 1,463 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
67 | 90 | 104 | 89 | 95 | 107 | 140 | 157 | 89 | 57 | 125 | 162 | |
-34 | -60 | -37 | 70 | -65 | -102 | -250 | 78 | -53 | 6 | -12 | 193 | |
-30 | -33 | -66 | -145 | -5 | -29 | 118 | -241 | -21 | -34 | -124 | -367 | |
Net Cash Flow | 4 | -3 | 1 | 13 | 25 | -25 | 7 | -6 | 14 | 29 | -10 | -12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 40 | 31 | 23 | 38 | 25 | 28 | 45 | 40 | 67 | 73 | 35 | 53 |
Inventory Days | 94 | 62 | 70 | 100 | 77 | 75 | 96 | 74 | 87 | 111 | 137 | 140 |
Days Payable | 39 | 56 | 61 | 90 | 55 | 55 | 104 | 72 | 100 | 95 | 91 | 90 |
Cash Conversion Cycle | 95 | 37 | 32 | 48 | 48 | 48 | 38 | 42 | 55 | 88 | 81 | 103 |
Working Capital Days | 19 | -1 | -3 | 29 | 33 | 53 | 38 | 36 | 44 | 68 | 55 | 50 |
ROCE % | 43% | 54% | 50% | 51% | 58% | 46% | 22% | 29% | 16% | 17% | 15% | 19% |
Documents
Announcements
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Interaction With Electronic Media
25 Mar - Management to discuss Summer Outlook on CNBC TV 18.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Mar - Management to meet with institutional investors on March 27.
- Closure of Trading Window 24 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Mar - Management to meet with institutional investors on March 28.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2025Transcript PPT
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Business Profile[1][2]
Symphony is a global leader in evaporative air cooling offering a diverse range of household, commercial, and industrial air coolers. As of 9M25, the company holds 97+ designs, 20+ copyrights, 55+ patents(22 applied in FY24), and 417+ trademarks, with 27.5+ million air coolers sold worldwide.