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Symphony Overview

Symphony Ltd, and its subsidiaries are engaged in production and trading of residential, commercial and commercial air coolers, both inside the domestic and worldwide markets. The Company operates through 2 segments: Air Coolers and Corporate Funds. It offers air coolers in various classes, along with residential air coolers, packaged air coolers and central air coolers. It provides tower, private, desert, room and window air coolers for houses, shops, showrooms and places of work; central air cooling solutions for factories, warehouses and lar...Read More

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Symphony Key Financials

Market Cap ₹5457 Cr.

Stock P/E 25.7

P/B 6.7

Current Price ₹794.7

Book Value ₹ 117.9

Face Value 2

52W High ₹1348.9

Dividend Yield 1.64%

52W Low ₹ 684.1

Symphony Share Price

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Volume
Price

Symphony Quarterly Price

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Symphony Peer Comparison

Symphony Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 275 247 332 393 289 193 488 251 163 179
Other Income 11 15 9 9 18 7 11 21 13 8
Total Income 286 262 341 402 307 200 499 272 176 187
Total Expenditure 234 203 275 306 212 162 381 225 139 150
Operating Profit 52 59 66 96 95 38 118 47 37 37
Interest 2 3 2 0 0 0 3 0 0 0
Depreciation 7 6 6 2 2 3 5 2 3 2
Exceptional Income / Expenses 0 0 0 0 0 -46 0 5 0 2
Profit Before Tax 43 50 58 94 93 -11 110 50 34 37
Provision for Tax 8 9 10 21 23 -2 31 11 9 10
Profit After Tax 35 41 48 73 70 -9 79 39 25 27
Adjustments 0 0 0 15 -14 -1 0 3 -6 -7
Profit After Adjustments 35 41 48 88 56 -10 79 42 19 20
Adjusted Earnings Per Share 5 5.9 6.9 12.6 8 -1.4 11.3 6 2.7 2.9

Symphony Profit & Loss

#(Fig in Cr.) Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 526 446 765 798 844 1103 900 1039 1188 1156 1576 1081
Other Income 34 21 43 56 39 55 31 40 50 51 47 53
Total Income 560 466 808 854 883 1157 931 1079 1238 1207 1623 1134
Total Expenditure 393 309 565 580 711 889 759 877 1048 986 1264 895
Operating Profit 166 157 243 274 172 268 172 202 190 221 359 239
Interest 1 0 1 2 8 13 12 10 12 12 11 3
Depreciation 4 4 7 7 10 21 21 24 26 26 22 12
Exceptional Income / Expenses 0 12 0 0 -24 -4 -7 0 0 -2 -46 7
Profit Before Tax 161 165 235 265 130 230 131 168 152 181 280 231
Provision for Tax 45 46 69 72 39 49 24 47 36 33 67 61
Profit After Tax 116 118 166 193 92 182 107 121 116 148 213 170
Adjustments 0 0 0 0 1 -0 -0 -1 1 0 0 -10
Profit After Adjustments 116 118 166 193 92 181 107 120 116 148 213 160
Adjusted Earnings Per Share 16.6 16.9 23.8 27.5 13.2 25.9 15.3 17.2 16.6 21.5 31 22.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 36% 15% 7% 12%
Operating Profit CAGR 62% 21% 6% 8%
PAT CAGR 44% 21% 3% 6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -33% -7% -8% -4%
ROE Average 28% 20% 18% 26%
ROCE Average 33% 22% 20% 33%

Symphony Balance Sheet

#(Fig in Cr.) Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 306 319 465 612 666 639 759 839 881 749 761
Minority's Interest 0 0 0 0 3 4 5 5 0 0 0
Borrowings 0 0 0 0 124 72 140 113 83 54 0
Other Non-Current Liabilities 9 9 8 11 -6 44 33 40 20 -3 -18
Total Current Liabilities 118 142 195 197 304 359 306 395 452 427 616
Total Liabilities 434 470 667 819 1091 1118 1243 1393 1436 1228 1358
Fixed Assets 68 77 79 82 237 318 354 355 351 327 322
Other Non-Current Assets 133 168 111 178 200 120 165 171 312 239 290
Total Current Assets 232 225 477 560 651 680 725 867 774 662 741
Total Assets 434 470 667 819 1091 1118 1243 1393 1436 1228 1358

Symphony Cash Flow

#(Fig in Cr.) Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 5 19 43 19 26 21 35 64 54 41
Cash Flow from Operating Activities 104 89 95 107 140 157 89 57 125 162 259
Cash Flow from Investing Activities -37 70 -65 -102 -250 78 -53 6 -11 193 -41
Cash Flow from Financing Activities -66 -145 -5 -29 118 -241 -21 -34 -124 -367 -224
Net Cash Inflow / Outflow 1 13 25 -25 7 -6 14 29 -10 -12 -6
Closing Cash & Cash Equivalent 5 18 43 19 26 21 35 64 54 41 35

Symphony Ratios

# Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 16.57 16.92 23.77 27.53 13.19 25.94 15.35 17.2 16.64 21.48 30.95
CEPS(Rs) 17.16 17.53 24.75 28.5 14.5 29.01 18.41 20.73 20.35 25.23 34.19
DPS(Rs) 7 12.5 4.5 4.5 4.5 23 5 9 5 13 13
Book NAV/Share(Rs) 43.77 45.55 66.48 87.44 95.22 91.38 108.54 120.01 125.93 108.63 110.79
Core EBITDA Margin(%) 25.19 30.56 26.06 27.35 15.76 18.19 14.04 14.9 11.36 14.17 19.22
EBIT Margin(%) 30.82 37.08 30.81 33.45 16.35 20.71 14.33 16.34 13.29 16.03 17.91
Pre Tax Margin(%) 30.67 37 30.72 33.17 15.43 19.64 13.09 15.39 12.35 15.04 17.22
PAT Margin (%) 22.04 26.57 21.74 24.12 10.85 15.49 10.72 11.11 9.42 12.31 13.09
Cash Profit Margin (%) 22.82 27.53 22.64 24.97 12.02 17.29 12.85 13.33 11.57 14.46 14.46
ROA(%) 28.04 26.21 29.24 25.9 9.59 16.46 9.1 9.17 8.19 11.12 16.43
ROE(%) 41.41 37.89 42.44 35.77 14.33 27.85 15.36 15.12 13.47 18.18 28.15
ROCE(%) 57.9 52.88 58.69 47.61 18.5 29.17 16.35 17.75 15.3 19.54 32.59
Receivable days 25.77 32.58 23.67 26.02 35.95 35.1 52.29 62.69 47.88 42.94 34.74
Inventory Days 29.23 41.28 31.6 35.87 43.06 36.91 43.02 48.9 62.72 72.84 57.84
Payable days 56.83 81.1 52.2 53.58 75.51 76.22 91.83 91.08 86.18 90.84 71.23
PER(x) 63.88 70.24 64.12 64.97 104.92 30.5 82.36 63.79 61 39.49 36.17
Price/Book(x) 24.18 26.09 22.93 20.45 14.53 8.66 11.64 9.14 8.06 7.81 10.11
Dividend Yield(%) 0.66 1.05 0.3 0.25 0.33 2.91 0.4 0.82 0.49 1.53 1.16
EV/Net Sales(x) 14.07 18.56 13.91 15.67 11.63 5.15 9.99 7.53 6.1 5.15 4.93
EV/Core EBITDA(x) 44.51 52.64 43.85 45.7 57.11 21.18 52.21 38.75 38.11 26.91 21.66
Net Sales Growth(%) -1.28 -15.28 71.64 4.38 5.68 30.7 -18.39 15.47 14.29 -2.65 36.3
EBIT Growth(%) 18.83 1.94 42.63 13.31 -48.34 76.18 -40.94 23.91 -8.03 17.94 50.75
PAT Growth(%) 8.89 2.12 40.48 15.8 -52.45 98.55 -40.93 12.55 -4.12 27.83 43.46
EPS Growth(%) 9.64 2.12 40.48 15.81 -52.08 96.65 -40.84 12.08 -3.23 29.08 44.08
Debt/Equity(x) 0 0 0.04 0.04 0.28 0.27 0.24 0.26 0.22 0.2 0.17
Current Ratio(x) 1.96 1.58 2.45 2.85 2.14 1.89 2.37 2.19 1.71 1.55 1.2
Quick Ratio(x) 1.57 1.2 2.05 2.44 1.75 1.57 1.98 1.76 1.16 1.01 0.74
Interest Cover(x) 202.76 454.01 333.08 120.82 17.71 19.33 11.57 17.19 14.05 16.1 25.85
Total Debt/Mcap(x) 0 0 0 0 0.02 0.03 0.02 0.03 0.03 0.03 0.02

Symphony Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.39 73.39 73.39 73.43 73.43 73.43 73.43 73.43 73.43 73.43
FII 3.4 3.32 4.83 6.11 6.79 6.17 6.47 5.98 5.3 3.27
DII 11.04 10.27 9.98 8.96 8.45 8.68 8.61 8.84 8.75 8.72
Public 12.18 13.02 11.81 11.5 11.34 11.72 11.5 11.76 12.52 14.58
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Symphony News

Symphony Pros & Cons

Pros

  • Debtor days have improved from 90.84 to 71.23days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 6.7 times its book value.
  • The company has delivered a poor profit growth of 3% over past five years.
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