Symphony Ltd

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

Symphony Ltd

₹ 696 -1.55%
29 May - 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

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.

Website BSE NSE
  • Market Cap ₹ 4,775 Cr.
  • Current Price ₹ 696
  • High / Low ₹ 1,239 / 684
  • Stock P/E 59.0
  • Book Value ₹ 75.7
  • Dividend Yield 1.87 %
  • ROCE 25.4 %
  • ROE 12.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Cons

  • Stock is trading at 9.19 times its book value
  • The company has delivered a poor sales growth of 9.41% over past five years.
  • Working capital days have increased from 36.4 days to 94.5 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
239 172 196 177 251 373 259 182 368 229 155 182 199
191 168 143 136 189 291 187 149 269 206 128 151 168
Operating Profit 48 4 53 41 62 82 72 33 99 23 27 31 31
OPM % 20% 2% 27% 23% 25% 22% 28% 18% 27% 10% 17% 17% 16%
11 15 13 12 0 10 20 -39 -29 27 13 14 -287
Interest 1 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 1 2 1 1 1 2 1 2 1 2 2 1
Profit before tax 56 18 64 52 61 91 90 -7 68 49 38 43 -257
Tax % 23% 22% 22% 17% 25% 24% 26% -43% 35% 24% 26% 21% 3%
43 14 50 43 46 69 67 -4 44 37 28 34 -265
EPS in Rs 6.15 2.03 7.25 6.24 6.67 10.01 9.76 -0.58 6.41 5.39 4.08 4.95 -38.59
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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
462 415 664 687 524 716 488 641 884 796 1,182 765
328 262 456 467 388 515 371 526 708 635 896 653
Operating Profit 135 153 208 220 136 201 117 115 177 161 287 112
OPM % 29% 37% 31% 32% 26% 28% 24% 18% 20% 20% 24% 15%
30 19 38 40 9 45 36 38 46 41 -38 -233
Interest 1 0 0 1 0 0 0 1 1 1 1 0
Depreciation 2 2 4 4 4 6 5 6 6 5 6 6
Profit before tax 162 169 242 255 140 240 147 146 216 195 242 -127
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
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 -24.17
Dividend Payout % 42% 71% 18% 17% 31% 87% 31% 57% 21% 59% 51% -38%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: -5%
TTM: -35%
Compounded Profit Growth
10 Years: -4%
5 Years: -6%
3 Years: -21%
TTM: -66%
Stock Price CAGR
10 Years: -5%
5 Years: -9%
3 Years: -6%
1 Year: -44%
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 264 186 316 424 545 503 579 597 629 557 574 271
60 116 166 194 156 172 231 335 397 326 391 320
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 65
-62 -145 -24 -34 -38 -208 -8 -10 -90 -313 -179 -82
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 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
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 94
ROCE % 56% 63% 62% 48% 26% 37% 21% 18% 24% 24% 43% 25%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Active SKUs (Models Offer)
Number

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Number of New Product Launches (Models)
Number
Domestic Customer Touchpoints
Number
Global Export Countries
Number
Number of Domestic Active Distributors
Number
Organized Market Share in Air Coolers (India)
%
Implied Air Cooler Sales Volume
Units
R&D Expenditure (Percentage of Turnover)
%

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.38% 73.38% 73.38% 73.38% 73.38% 73.42% 73.42% 73.42% 73.42% 73.42% 73.42% 73.42%
3.62% 3.81% 3.40% 3.32% 4.83% 6.11% 6.78% 6.17% 6.47% 5.98% 5.30% 3.28%
10.69% 10.44% 11.03% 10.27% 9.98% 8.96% 8.45% 8.68% 8.60% 8.84% 8.74% 8.72%
12.29% 12.34% 12.17% 13.02% 11.80% 11.51% 11.33% 11.71% 11.49% 11.77% 12.51% 14.57%
No. of Shareholders 68,35566,71167,66072,43954,9602,02,2291,48,9741,40,6371,38,8101,36,7781,35,0231,37,467

* 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