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 ₹ 4,845 Cr.
- Current Price ₹ 706
- High / Low ₹ 1,200 / 656
- Stock P/E
- Book Value ₹ 79.4
- Dividend Yield 1.85 %
- 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 8.90 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | -5% |
| 5 Years: | -8% |
| 3 Years: | -8% |
| 1 Year: | -39% |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| New Product Models Launched count |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window 20 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Jun
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Interaction With Electronic Media
15 Jun - Management will interact with ET Swadesh (Hindi) on June 15, 2026 to discuss business overview.
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Interaction With Electronic Media
12 Jun - Symphony management will interact with ET Now on June 12, 2026 to discuss business overview.
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 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 2026Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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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.