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 ₹ 7,696 Cr.
- Current Price ₹ 1,116
- High / Low ₹ 1,881 / 950
- Stock P/E 31.5
- Book Value ₹ 110
- Dividend Yield 1.16 %
- ROCE 36.8 %
- ROE 32.4 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 44.2%
- Company's working capital requirements have reduced from 40.7 days to 17.2 days
Cons
- Stock is trading at 10.1 times its book value
- The company has delivered a poor sales growth of 7.40% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
487 | 525 | 446 | 764 | 798 | 844 | 1,103 | 900 | 1,039 | 1,188 | 1,156 | 1,576 | |
364 | 393 | 309 | 565 | 579 | 711 | 889 | 759 | 877 | 1,048 | 985 | 1,264 | |
Operating Profit | 123 | 132 | 136 | 199 | 220 | 133 | 213 | 140 | 162 | 140 | 171 | 312 |
OPM % | 25% | 25% | 31% | 26% | 28% | 16% | 19% | 16% | 16% | 12% | 15% | 20% |
16 | 34 | 33 | 43 | 54 | 15 | 51 | 24 | 40 | 50 | 48 | 1 | |
Interest | 0 | 1 | 0 | 1 | 2 | 8 | 13 | 12 | 10 | 12 | 12 | 11 |
Depreciation | 4 | 4 | 4 | 7 | 7 | 10 | 21 | 21 | 24 | 26 | 26 | 22 |
Profit before tax | 135 | 161 | 165 | 235 | 265 | 130 | 230 | 131 | 168 | 152 | 181 | 280 |
Tax % | 22% | 28% | 28% | 29% | 27% | 30% | 21% | 18% | 28% | 24% | 18% | 24% |
106 | 116 | 118 | 166 | 193 | 92 | 182 | 107 | 121 | 116 | 148 | 212 | |
EPS in Rs | 15.10 | 16.56 | 16.91 | 23.77 | 27.52 | 13.19 | 25.94 | 15.34 | 17.20 | 16.64 | 21.48 | 30.82 |
Dividend Payout % | 43% | 42% | 74% | 19% | 16% | 34% | 89% | 33% | 52% | 30% | 61% | 42% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 7% |
3 Years: | 15% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 27% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 6% |
3 Years: | 6% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 19% |
3 Years: | 21% |
Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 269 | 299 | 312 | 451 | 598 | 652 | 625 | 745 | 825 | 867 | 735 | 747 |
0 | 0 | 0 | 19 | 26 | 188 | 210 | 219 | 254 | 232 | 170 | 142 | |
118 | 116 | 104 | 121 | 119 | 211 | 215 | 236 | 267 | 281 | 291 | 419 | |
Total Liabilities | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,210 | 1,322 |
70 | 68 | 77 | 79 | 82 | 237 | 318 | 354 | 355 | 351 | 327 | 322 | |
CWIP | 8 | 0 | 3 | 0 | 0 | 6 | 2 | 0 | 0 | 0 | 0 | 0 |
Investments | 199 | 242 | 162 | 292 | 422 | 458 | 412 | 484 | 500 | 527 | 373 | 440 |
117 | 112 | 180 | 234 | 252 | 363 | 332 | 375 | 506 | 516 | 510 | 560 | |
Total Assets | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,210 | 1,322 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
90 | 104 | 89 | 95 | 107 | 140 | 157 | 89 | 57 | 125 | 162 | 259 | |
-60 | -37 | 70 | -65 | -102 | -250 | 78 | -53 | 6 | -12 | 193 | -41 | |
-33 | -66 | -145 | -5 | -29 | 118 | -241 | -21 | -34 | -124 | -367 | -224 | |
Net Cash Flow | -3 | 1 | 13 | 25 | -25 | 7 | -6 | 14 | 29 | -10 | -12 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 31 | 23 | 38 | 25 | 28 | 45 | 40 | 67 | 73 | 35 | 53 | 33 |
Inventory Days | 62 | 70 | 100 | 77 | 75 | 96 | 74 | 87 | 111 | 137 | 140 | 129 |
Days Payable | 56 | 61 | 90 | 55 | 55 | 104 | 72 | 100 | 95 | 91 | 81 | 82 |
Cash Conversion Cycle | 37 | 32 | 48 | 48 | 48 | 38 | 42 | 55 | 88 | 81 | 112 | 81 |
Working Capital Days | -1 | -3 | 29 | 33 | 53 | 38 | 36 | 44 | 68 | 55 | 50 | 17 |
ROCE % | 54% | 50% | 51% | 58% | 46% | 22% | 29% | 16% | 17% | 15% | 19% | 37% |
Documents
Announcements
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Outcome Of The Board Meeting: Divestment / Monetization Of Stakes In Symphony AU Pty Limited
15h - Board approved divestment of 100% stake in Symphony AU Pty Limited, holding company of Climate Technologies.
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Submission Of Newspaper Clippings Of Notice Of Record Date
16h - Symphony Limited announces record date for 1st interim dividend FY 2025-26 on August 7, 2025.
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Intimation Of Record Date For The Purpose Of 1St Interim Dividend FY 2025-26
1d - Record date set as August 7, 2025 for 1st interim dividend entitlement FY 2025-26.
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Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The First Quarter Ended On June 30, 2025; And 1St Interim Dividend On Equity Shares, If Any, For The Financial Year 2025-26.
1d - Board meeting on Aug 1 to approve Q1 results and consider interim dividend.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Submission of SEBI regulation 74(5) certificate confirming securities dematerialization for Q1 FY2026.
Annual reports
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Financial Year 2025
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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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Concalls
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May 2025TranscriptPPT
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Apr 2025Transcript PPT REC
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Aug 2024Transcript PPT REC
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Oct 2021Transcript PPT
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Oct 2015TranscriptPPT
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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.