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 ₹ 3,926 Cr.
- Current Price ₹ 572
- High / Low ₹ 970 / 561
- Stock P/E 38.0
- Book Value ₹ 75.7
- Dividend Yield 1.57 %
- ROCE 25.5 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.0%
Cons
- Stock is trading at 7.55 times its book value
- The company has delivered a poor sales growth of 9.41% 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
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 462 | 415 | 664 | 687 | 524 | 716 | 488 | 641 | 884 | 796 | 1,182 | 765 | 777 | |
| 328 | 262 | 456 | 467 | 388 | 515 | 371 | 526 | 708 | 635 | 896 | 652 | 660 | |
| Operating Profit | 135 | 153 | 208 | 220 | 136 | 201 | 117 | 115 | 177 | 161 | 287 | 113 | 117 |
| OPM % | 29% | 37% | 31% | 32% | 26% | 28% | 24% | 18% | 20% | 20% | 24% | 15% | 15% |
| 30 | 19 | 38 | 40 | 9 | 45 | 36 | 38 | 46 | 41 | -38 | -233 | -249 | |
| Interest | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 2 | 4 | 4 | 4 | 6 | 5 | 6 | 6 | 5 | 6 | 6 | 7 |
| Profit before tax | 162 | 169 | 242 | 255 | 140 | 240 | 147 | 146 | 216 | 195 | 242 | -127 | -139 |
| Tax % | 28% | 27% | 28% | 28% | 28% | 23% | 24% | 24% | 24% | 22% | 27% | 31% | |
| 116 | 123 | 175 | 183 | 101 | 186 | 112 | 111 | 165 | 153 | 176 | -166 | -175 | |
| EPS in Rs | 16.63 | 17.57 | 24.97 | 26.15 | 14.44 | 26.57 | 16.06 | 15.84 | 23.56 | 22.19 | 25.62 | -24.20 | -25.48 |
| Dividend Payout % | 42% | 71% | 18% | 17% | 31% | 87% | 31% | 57% | 21% | 59% | 51% | -37% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | -5% |
| TTM: | -25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -6% |
| 3 Years: | -21% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -12% |
| 3 Years: | -13% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 283 | 301 | 450 | 589 | 655 | 635 | 747 | 812 | 898 | 761 | 757 | 506 |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 40 | 22 | 0 | 0 | 0 | |
| 94 | 56 | 83 | 82 | 100 | 97 | 121 | 146 | 165 | 182 | 275 | 168 | |
| Total Liabilities | 384 | 364 | 548 | 685 | 769 | 746 | 882 | 1,012 | 1,099 | 957 | 1,046 | 688 |
| 59 | 58 | 66 | 67 | 66 | 71 | 71 | 80 | 74 | 74 | 80 | 97 | |
| CWIP | 0 | 3 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 264 | 186 | 316 | 424 | 545 | 503 | 579 | 597 | 629 | 557 | 574 | 270 |
| 60 | 116 | 166 | 194 | 156 | 172 | 231 | 335 | 397 | 326 | 391 | 322 | |
| Total Assets | 384 | 364 | 548 | 685 | 769 | 746 | 882 | 1,012 | 1,099 | 957 | 1,046 | 688 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 102 | 81 | 99 | 118 | 178 | 117 | 101 | 8 | 136 | 195 | 253 | 16 | |
| -38 | 68 | -68 | -85 | -142 | 80 | -74 | -8 | -12 | 94 | -77 | 66 | |
| -62 | -145 | -24 | -34 | -38 | -208 | -8 | -10 | -90 | -313 | -179 | -83 | |
| Net Cash Flow | 3 | 4 | 7 | -1 | -2 | -11 | 19 | -11 | 35 | -24 | -2 | -1 |
| Free Cash Flow | 82 | 76 | 90 | 114 | 170 | 112 | 93 | -4 | 137 | 190 | 233 | 0 |
| CFO/OP | 112% | 80% | 80% | 83% | 164% | 86% | 116% | 37% | 106% | 146% | 113% | 52% |
Ratios
Standalone / View Consolidated
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 29 | 25 | 23 | 29 | 30 | 60 | 88 | 48 | 55 | 27 | 40 |
| Inventory Days | 41 | 46 | 60 | 59 | 53 | 42 | 71 | 72 | 92 | 79 | 78 | 88 |
| Days Payable | 55 | 41 | 37 | 43 | 62 | 40 | 69 | 68 | 58 | 56 | 55 | 42 |
| Cash Conversion Cycle | -9 | 34 | 48 | 39 | 20 | 33 | 62 | 93 | 83 | 78 | 50 | 86 |
| Working Capital Days | -31 | 21 | 36 | 53 | 13 | 35 | 32 | 49 | 41 | 22 | -8 | 40 |
| ROCE % | 56% | 63% | 62% | 48% | 26% | 37% | 21% | 18% | 24% | 24% | 43% | 26% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management to participate in Bharat Connect Conference: Rising Stars 2026 on 30 September 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Closure of Trading Window
- Trading window closed from October 1, 2026, until 48 hours after Q2/H1 FY2026 results.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
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Concalls
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Aug 2026Transcript PPT REC
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Aug 2015Transcript
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.