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 ₹ 6,538 Cr.
- Current Price ₹ 948
- High / Low ₹ 1,015 / 820
- Stock P/E 55.6
- Book Value ₹ 98.8
- Dividend Yield 0.53 %
- ROCE 14.8 %
- ROE 13.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 38.3%
- Debtor days have improved from 58.6 to 35.4 days.
Cons
- Stock is trading at 9.60 times its book value
- The company has delivered a poor sales growth of 8.27% over past five years.
- Earnings include an other income of Rs.50.0 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
290 | 347 | 487 | 525 | 446 | 764 | 798 | 844 | 1,103 | 900 | 1,039 | 1,188 | 1,132 | |
217 | 269 | 364 | 393 | 309 | 565 | 579 | 711 | 889 | 759 | 877 | 1,048 | 998 | |
Operating Profit | 73 | 78 | 123 | 132 | 136 | 199 | 220 | 133 | 213 | 140 | 162 | 140 | 134 |
OPM % | 25% | 22% | 25% | 25% | 31% | 26% | 28% | 16% | 19% | 16% | 16% | 12% | 12% |
6 | 18 | 16 | 34 | 33 | 43 | 54 | 15 | 51 | 24 | 40 | 50 | 50 | |
Interest | 1 | 1 | 0 | 1 | 0 | 1 | 2 | 8 | 13 | 12 | 10 | 12 | 11 |
Depreciation | 5 | 4 | 4 | 4 | 4 | 7 | 7 | 10 | 21 | 21 | 24 | 26 | 27 |
Profit before tax | 73 | 91 | 135 | 161 | 165 | 235 | 265 | 130 | 230 | 131 | 168 | 152 | 146 |
Tax % | 27% | 34% | 22% | 28% | 28% | 29% | 27% | 30% | 21% | 18% | 28% | 24% | |
53 | 60 | 106 | 116 | 118 | 166 | 193 | 92 | 182 | 107 | 121 | 116 | 116 | |
EPS in Rs | 7.59 | 8.59 | 15.10 | 16.56 | 16.91 | 23.77 | 27.52 | 13.19 | 25.94 | 15.34 | 17.20 | 16.64 | 16.80 |
Dividend Payout % | 36% | 38% | 43% | 42% | 74% | 19% | 16% | 34% | 89% | 33% | 52% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 8% |
3 Years: | 3% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -9% |
3 Years: | -14% |
TTM: | -28% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | -7% |
3 Years: | -8% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 182 | 215 | 269 | 299 | 312 | 451 | 598 | 652 | 625 | 745 | 825 | 867 | 667 |
7 | 0 | 0 | 0 | 0 | 19 | 26 | 188 | 210 | 219 | 254 | 232 | 187 | |
81 | 94 | 118 | 116 | 104 | 121 | 119 | 211 | 215 | 236 | 267 | 281 | 395 | |
Total Liabilities | 278 | 316 | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,263 |
70 | 70 | 70 | 68 | 77 | 79 | 82 | 237 | 318 | 354 | 355 | 351 | 337 | |
CWIP | 0 | 4 | 8 | 0 | 3 | 0 | 0 | 6 | 2 | 0 | 0 | 0 | 0 |
Investments | 62 | 99 | 199 | 242 | 162 | 292 | 422 | 458 | 412 | 484 | 500 | 527 | 592 |
146 | 144 | 117 | 112 | 180 | 234 | 252 | 363 | 332 | 375 | 506 | 516 | 334 | |
Total Assets | 278 | 316 | 393 | 423 | 422 | 605 | 757 | 1,065 | 1,064 | 1,214 | 1,361 | 1,394 | 1,263 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 67 | 90 | 104 | 89 | 95 | 107 | 140 | 157 | 89 | 57 | 125 | |
-88 | -34 | -60 | -37 | 70 | -65 | -102 | -250 | 78 | -53 | 6 | -12 | |
5 | -30 | -33 | -66 | -145 | -5 | -29 | 118 | -241 | -21 | -34 | -124 | |
Net Cash Flow | 1 | 4 | -3 | 1 | 13 | 25 | -25 | 7 | -6 | 14 | 29 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 53 | 40 | 31 | 23 | 38 | 25 | 28 | 45 | 40 | 67 | 73 | 35 |
Inventory Days | 117 | 94 | 62 | 70 | 100 | 77 | 75 | 96 | 74 | 87 | 111 | 137 |
Days Payable | 37 | 39 | 56 | 61 | 90 | 55 | 55 | 104 | 72 | 100 | 95 | 91 |
Cash Conversion Cycle | 133 | 95 | 37 | 32 | 48 | 48 | 48 | 38 | 42 | 55 | 88 | 81 |
Working Capital Days | 37 | 19 | -1 | -3 | 29 | 33 | 53 | 38 | 36 | 44 | 68 | 55 |
ROCE % | 42% | 43% | 54% | 50% | 51% | 58% | 46% | 22% | 29% | 16% | 17% | 15% |
Documents
Announcements
- Disclosure Under Regulation 30 8h
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - For schedule of Analyst/Institutional Investor Meet/Con. Call
- Board Meeting Intimation for Inter Alia, To Consider And Approve The Audited Standalone And Consolidated Financial Results For The Fourth Quarter And Financial Year Ended On March 31, 2024; And To Recommend Final Dividend On Equity Shares, If Any, For The Financial Year 2023-24. 22 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
Concalls
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT REC
-
Jun 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptPPT
-
Oct 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Oct 2021Transcript PPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jun 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
May 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
Jun 2018Transcript PPT
-
Jan 2018TranscriptPPT
-
Oct 2017TranscriptPPT
-
Aug 2017TranscriptPPT
-
May 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Jul 2016TranscriptPPT
-
May 2016TranscriptPPT
-
Jan 2016TranscriptPPT
-
Oct 2015TranscriptPPT
-
Aug 2015TranscriptPPT
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]