Symphony Ltd

Symphony Ltd

₹ 719 -1.30%
20 May 3:31 p.m.
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.

  • Market Cap 4,939 Cr.
  • Current Price 719
  • High / Low 1,284 / 684
  • Stock P/E
  • Book Value 79.4
  • Dividend Yield 1.81 %
  • ROCE 20.4 %
  • ROE -3.68 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.3%

Cons

  • Stock is trading at 9.08 times its book value
  • The company has delivered a poor sales growth of 4.68% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
308 302 275 247 332 393 289 242 488 251 163 233 338
285 276 234 203 275 306 212 213 381 225 139 209 288
Operating Profit 23 26 41 44 57 87 77 29 107 26 24 24 50
OPM % 7% 9% 15% 18% 17% 22% 27% 12% 22% 10% 15% 10% 15%
10 14 11 15 9 9 4 -39 11 29 7 12 -196
Interest 3 3 2 3 2 0 0 2 3 0 0 4 5
Depreciation 7 7 7 6 6 2 2 6 5 2 3 5 6
Profit before tax 23 30 43 50 58 94 79 -18 110 53 28 27 -157
Tax % 30% 20% 19% 18% 17% 6% 29% -44% 28% 21% 32% 30% 39%
16 24 35 41 48 88 56 -10 79 42 19 19 -218
EPS in Rs 2.29 3.48 5.08 5.95 6.96 12.76 8.15 -1.46 11.50 6.12 2.77 2.77 -31.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
525 446 764 798 844 1,103 900 1,039 1,188 1,156 1,576 1,131
393 309 565 579 711 889 759 877 1,048 985 1,264 1,007
Operating Profit 132 136 199 220 133 213 140 162 140 171 312 124
OPM % 25% 31% 26% 28% 16% 19% 16% 16% 12% 15% 20% 11%
34 33 43 54 15 51 24 40 50 48 1 -147
Interest 1 0 1 2 8 13 12 10 12 12 11 16
Depreciation 4 4 7 7 10 21 21 24 26 26 22 20
Profit before tax 161 165 235 265 130 230 131 168 152 181 280 -59
Tax % 28% 28% 29% 27% 30% 21% 18% 28% 24% 18% 24% 139%
116 118 166 193 92 182 107 121 116 148 212 -141
EPS in Rs 16.56 16.91 23.77 27.52 13.19 25.94 15.34 17.20 16.64 21.48 30.94 -20.53
Dividend Payout % 42% 74% 19% 16% 34% 89% 33% 52% 30% 61% 42% -45%
Compounded Sales Growth
10 Years: 10%
5 Years: 5%
3 Years: -2%
TTM: -28%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -110%
Stock Price CAGR
10 Years: -4%
5 Years: -8%
3 Years: -6%
1 Year: -42%
Return on Equity
10 Years: 20%
5 Years: 16%
3 Years: 17%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 299 312 451 598 652 625 745 825 867 735 747 531
0 0 19 26 188 210 219 254 232 170 142 173
116 104 121 119 211 215 236 267 281 291 419 311
Total Liabilities 423 422 605 757 1,065 1,064 1,214 1,361 1,394 1,210 1,322 1,029
68 77 79 82 237 318 354 355 351 327 322 171
CWIP 0 3 0 0 6 2 0 0 0 0 0 0
Investments 242 162 292 422 458 412 484 500 527 373 440 269
112 180 234 252 363 332 375 506 516 510 560 589
Total Assets 423 422 605 757 1,065 1,064 1,214 1,361 1,394 1,210 1,322 1,029

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
104 89 95 107 140 157 89 57 125 162 259 -81
-37 70 -65 -102 -250 78 -53 6 -12 193 -41 190
-66 -145 -5 -29 118 -241 -21 -34 -124 -367 -224 -94
Net Cash Flow 1 13 25 -25 7 -6 14 29 -10 -12 -6 15
Free Cash Flow 90 84 88 108 131 140 73 48 114 156 237 -96
CFO/OP 115% 95% 82% 78% 138% 100% 88% 58% 128% 120% 108% -26%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 23 38 25 28 45 40 67 73 35 53 33 49
Inventory Days 70 100 77 75 96 74 87 111 137 140 129 192
Days Payable 61 90 55 55 104 72 100 95 91 81 82 80
Cash Conversion Cycle 32 48 48 48 38 42 55 88 81 112 81 162
Working Capital Days -3 29 23 41 10 -1 22 26 15 17 -14 59
ROCE % 50% 51% 58% 46% 22% 29% 16% 17% 15% 19% 37% 20%

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 ・Standalone data

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

Extracted by Screener AI

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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