Symphony Ltd

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

Symphony Ltd

₹ 949 -1.30%
19 Apr - 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 ₹ 6,557 Cr.
  • Current Price ₹ 949
  • High / Low ₹ 1,015 / 820
  • Stock P/E 43.7
  • Book Value ₹ 103
  • Dividend Yield 0.53 %
  • ROCE 24.0 %
  • ROE 18.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 36.4%
  • Debtor days have improved from 65.6 to 48.0 days.

Cons

  • Stock is trading at 9.18 times its book value
  • The company has delivered a poor sales growth of 5.18% over past five years.
  • Earnings include an other income of Rs.51.0 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
124 212 104 140 146 251 208 215 223 239 172 196 177
89 152 104 105 114 203 181 169 167 191 168 143 136
Operating Profit 35 60 0 35 32 48 27 46 56 48 4 53 41
OPM % 28% 28% 0% 25% 22% 19% 13% 21% 25% 20% 2% 27% 23%
10 8 9 9 8 12 8 14 13 11 15 13 12
Interest 0 0 0 0 0 0 0 0 0 1 0 0 0
Depreciation 1 1 1 2 2 2 2 1 1 2 1 2 1
Profit before tax 44 67 8 42 38 58 33 59 68 56 18 64 52
Tax % 20% 27% 12% 24% 24% 26% 24% 24% 24% 23% 22% 22% 17%
35 49 7 32 29 43 25 45 52 43 14 50 43
EPS in Rs 5.00 7.00 1.00 4.57 4.15 6.15 3.57 6.43 7.43 6.15 2.03 7.25 6.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
227 278 406 462 415 664 687 524 716 488 641 884 784
163 200 284 328 262 456 467 388 515 371 526 708 638
Operating Profit 64 78 122 135 153 208 220 136 201 117 115 177 146
OPM % 28% 28% 30% 29% 37% 31% 32% 26% 28% 24% 18% 20% 19%
8 16 15 30 19 38 40 9 45 36 38 46 51
Interest 1 1 0 1 0 0 1 0 0 0 1 1 1
Depreciation 2 1 1 2 2 4 4 4 6 5 6 6 6
Profit before tax 70 92 136 162 169 242 255 140 240 147 146 216 190
Tax % 28% 32% 27% 28% 27% 28% 28% 28% 23% 24% 24% 24%
50 63 99 116 123 175 183 101 186 112 111 165 150
EPS in Rs 7.19 8.95 14.12 16.63 17.57 24.97 26.15 14.44 26.57 16.06 15.84 23.56 21.67
Dividend Payout % 38% 36% 46% 42% 71% 18% 17% 31% 87% 31% 57% 21%
Compounded Sales Growth
10 Years: 15%
5 Years: 5%
3 Years: 7%
TTM: -13%
Compounded Profit Growth
10 Years: 13%
5 Years: -2%
3 Years: -4%
TTM: -9%
Stock Price CAGR
10 Years: 9%
5 Years: -7%
3 Years: -8%
1 Year: -5%
Return on Equity
10 Years: 25%
5 Years: 19%
3 Years: 16%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 14 14 14 14 14 14 14 14
Reserves 144 180 226 283 301 450 589 655 635 747 812 898 699
7 0 0 0 0 0 0 0 1 0 40 22 0
49 60 90 94 56 83 82 100 97 121 146 165 295
Total Liabilities 207 247 323 384 364 548 685 769 746 882 1,012 1,099 1,008
31 29 31 59 58 66 67 66 71 71 80 74 73
CWIP 0 4 8 0 3 0 0 1 0 0 1 0 2
Investments 65 122 220 264 186 316 424 545 503 579 597 629 676
112 92 64 60 116 166 194 156 172 231 335 397 257
Total Assets 207 247 323 384 364 548 685 769 746 882 1,012 1,099 1,008

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
86 60 82 102 81 99 118 178 117 101 8 136
-85 -25 -51 -38 68 -68 -85 -142 80 -74 -8 -12
-1 -30 -34 -62 -145 -24 -34 -38 -208 -8 -10 -90
Net Cash Flow 0 5 -3 3 4 7 -1 -2 -11 19 -11 35

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 7 9 5 29 25 23 29 30 60 88 48
Inventory Days 37 48 41 41 46 60 59 53 42 71 72 92
Days Payable 35 39 52 55 41 37 43 62 40 69 68 58
Cash Conversion Cycle 26 16 -2 -9 34 48 39 20 33 62 93 83
Working Capital Days 10 -16 -29 -31 21 36 53 13 35 32 72 50
ROCE % 50% 53% 64% 56% 63% 62% 48% 26% 37% 21% 18% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.25% 73.25% 73.25% 73.25% 73.25% 73.25% 73.25% 73.25% 73.38% 73.38% 73.38% 73.38%
4.19% 4.25% 4.31% 4.49% 4.33% 4.03% 4.01% 3.74% 3.62% 3.81% 3.40% 3.32%
9.64% 9.46% 10.02% 10.05% 10.89% 11.14% 11.22% 11.10% 10.69% 10.44% 11.03% 10.27%
12.92% 13.04% 12.42% 12.21% 11.53% 11.59% 11.53% 11.91% 12.29% 12.34% 12.17% 13.02%
No. of Shareholders 57,91062,67858,35258,53853,36452,37751,9601,39,98068,35566,71167,66072,439

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls