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 ₹ 7,797 Cr.
- Current Price ₹ 1,131
- High / Low ₹ 1,881 / 950
- Stock P/E 32.7
- Book Value ₹ 112
- Dividend Yield 1.15 %
- ROCE 42.6 %
- ROE 30.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 43.8%
- Debtor days have improved from 43.3 to 26.9 days.
Cons
- Stock is trading at 10.1 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Jun 2014 | Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
406 | 462 | 415 | 664 | 687 | 524 | 716 | 488 | 641 | 884 | 796 | 1,182 | |
284 | 328 | 262 | 456 | 467 | 388 | 515 | 371 | 526 | 708 | 635 | 896 | |
Operating Profit | 122 | 135 | 153 | 208 | 220 | 136 | 201 | 117 | 115 | 177 | 161 | 286 |
OPM % | 30% | 29% | 37% | 31% | 32% | 26% | 28% | 24% | 18% | 20% | 20% | 24% |
15 | 30 | 19 | 38 | 40 | 9 | 45 | 36 | 38 | 46 | 41 | -38 | |
Interest | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
Depreciation | 1 | 2 | 2 | 4 | 4 | 4 | 6 | 5 | 6 | 6 | 5 | 6 |
Profit before tax | 136 | 162 | 169 | 242 | 255 | 140 | 240 | 147 | 146 | 216 | 195 | 242 |
Tax % | 27% | 28% | 27% | 28% | 28% | 28% | 23% | 24% | 24% | 24% | 22% | 27% |
99 | 116 | 123 | 175 | 183 | 101 | 186 | 112 | 111 | 165 | 153 | 176 | |
EPS in Rs | 14.12 | 16.63 | 17.57 | 24.97 | 26.15 | 14.44 | 26.57 | 16.06 | 15.84 | 23.56 | 22.19 | 25.52 |
Dividend Payout % | 46% | 42% | 71% | 18% | 17% | 31% | 87% | 31% | 57% | 21% | 59% | 52% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 23% |
TTM: | 49% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 29% |
TTM: | 50% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 5% |
3 Years: | 8% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 20% |
3 Years: | 23% |
Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 226 | 283 | 301 | 450 | 589 | 655 | 635 | 747 | 812 | 898 | 761 | 757 |
0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 40 | 22 | 0 | 0 | |
90 | 94 | 56 | 83 | 82 | 100 | 97 | 121 | 146 | 165 | 182 | 275 | |
Total Liabilities | 323 | 384 | 364 | 548 | 685 | 769 | 746 | 882 | 1,012 | 1,099 | 957 | 1,046 |
31 | 59 | 58 | 66 | 67 | 66 | 71 | 71 | 80 | 74 | 74 | 80 | |
CWIP | 8 | 0 | 3 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
Investments | 220 | 264 | 186 | 316 | 424 | 545 | 503 | 579 | 597 | 629 | 557 | 574 |
64 | 60 | 116 | 166 | 194 | 156 | 172 | 231 | 335 | 397 | 326 | 392 | |
Total Assets | 323 | 384 | 364 | 548 | 685 | 769 | 746 | 882 | 1,012 | 1,099 | 957 | 1,046 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | 102 | 81 | 99 | 118 | 178 | 117 | 101 | 8 | 136 | 195 | 253 | |
-51 | -38 | 68 | -68 | -85 | -142 | 80 | -74 | -8 | -12 | 94 | -77 | |
-34 | -62 | -145 | -24 | -34 | -38 | -208 | -8 | -10 | -90 | -313 | -179 | |
Net Cash Flow | -3 | 3 | 4 | 7 | -1 | -2 | -11 | 19 | -11 | 35 | -24 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 5 | 29 | 25 | 23 | 29 | 30 | 60 | 88 | 48 | 55 | 27 |
Inventory Days | 41 | 41 | 46 | 60 | 59 | 53 | 42 | 71 | 72 | 92 | 79 | 78 |
Days Payable | 52 | 55 | 41 | 37 | 43 | 62 | 40 | 69 | 68 | 58 | 66 | 55 |
Cash Conversion Cycle | -2 | -9 | 34 | 48 | 39 | 20 | 33 | 62 | 93 | 83 | 68 | 50 |
Working Capital Days | -29 | -31 | 21 | 36 | 53 | 13 | 35 | 32 | 72 | 50 | 22 | 40 |
ROCE % | 64% | 56% | 63% | 62% | 48% | 26% | 37% | 21% | 18% | 24% | 24% | 43% |
Documents
Announcements
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Intimation Of Record Date For The Purpose Of Payment Of Final Dividend For FY 2024-25 And For The Purpose Of AGM
17h - Record date July 18, 2025, for final dividend ₹8/share and AGM eligibility.
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Intimation Of 38Th Annual General Meeting (AGM)
18h - Symphony Limited announces 38th AGM on August 1, 2025, via video conference with annual report dissemination.
- Closure of Trading Window 25 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jun - Symphony management to meet PhillipCapital analyst virtually on June 27, 2025; no new price sensitive info.
-
Disclosure Under Regulation 30
24 Jun - GST demand for FY 2017-18 reduced to Rs.45.72 lakh by Appellate Authority; company may appeal.
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
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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May 2025TranscriptPPT
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Apr 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptPPT
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Oct 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Jun 2020Transcript PPT
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Nov 2019TranscriptPPT
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Nov 2018Transcript PPT
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Oct 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Jul 2016TranscriptPPT
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May 2016TranscriptPPT
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Jan 2016TranscriptPPT
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Oct 2015TranscriptPPT
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Aug 2015TranscriptPPT
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.