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Symphony

₹1197.4 -13.4 | 1.1%

Market Cap ₹8222 Cr.

Stock P/E 55.5

P/B 11.4

Current Price ₹1197.4

Book Value ₹ 104.8

Face Value 2

52W High ₹1879

Dividend Yield 1.09%

52W Low ₹ 925.6

Symphony Research see more...

Overview Inc. Year: 1988Industry: Consumer Durables - Domestic Appliances

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 large halls, among others, and heavy duty industrial air coolers for factories, places of work, faculties, department shops, assembly halls, warehouses and metro stations, among others. Its merchandise in residential air coolers class consist of Storm 100i, Storm 70i, Ice Cube XL, Jumbo, Sumo, Siesta 70, Window 70, Window 41, Window 51, R28i and R28. The Company offers its offerings to banks, automobile enterprise, packaging, distilleries and railways, amongst others.

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Symphony Share Price

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Symphony Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 274 277 308 302 275 247 332 531 315 242
Other Income 14 14 10 16 11 15 9 9 20 7
Total Income 288 291 318 318 286 262 341 540 335 249
Total Expenditure 237 233 285 276 234 203 275 420 251 213
Operating Profit 51 58 33 42 52 59 66 120 84 36
Interest 2 3 3 3 2 3 2 3 2 2
Depreciation 6 7 7 7 7 6 6 5 6 6
Exceptional Income / Expenses 0 0 0 -2 0 0 0 0 0 -46
Profit Before Tax 43 48 23 30 43 50 58 112 76 -18
Provision for Tax 11 9 7 6 8 9 10 24 20 -8
Profit After Tax 32 39 16 24 35 41 48 88 56 -10
Adjustments 1 0 0 0 0 0 0 0 0 0
Profit After Adjustments 33 39 16 24 35 41 48 88 56 -10
Adjusted Earnings Per Share 4.7 5.6 2.3 3.4 5 5.9 6.9 12.6 8 -1.4

Symphony Profit & Loss

#(Fig in Cr.) Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 533 526 446 765 798 844 1103 900 1039 1188 1156 1420
Other Income 16 34 21 43 56 39 55 31 40 50 51 45
Total Income 548 560 466 808 854 883 1157 931 1079 1238 1207 1465
Total Expenditure 408 393 309 565 580 711 889 759 877 1048 986 1159
Operating Profit 140 166 157 243 274 172 268 172 202 190 221 306
Interest 0 1 0 1 2 8 13 12 10 12 12 9
Depreciation 4 4 4 7 7 10 21 21 24 26 26 23
Exceptional Income / Expenses 0 0 12 0 0 -24 -4 -7 0 0 -2 -46
Profit Before Tax 136 161 165 235 265 130 230 131 168 152 181 228
Provision for Tax 30 45 46 69 72 39 49 24 47 36 33 46
Profit After Tax 106 116 118 166 193 92 182 107 121 116 148 182
Adjustments -1 0 0 0 0 1 -0 -0 -1 1 0 0
Profit After Adjustments 106 116 118 166 193 92 181 107 120 116 148 182
Adjusted Earnings Per Share 15.1 16.6 16.9 23.8 27.5 13.2 25.9 15.3 17.2 16.6 21.5 26.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% 9% 6% 8%
Operating Profit CAGR 16% 9% 5% 5%
PAT CAGR 28% 11% 10% 3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 25% 3% 5% -2%
ROE Average 18% 16% 18% 28%
ROCE Average 20% 18% 20% 36%

Symphony Balance Sheet

#(Fig in Cr.) Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 276 306 319 465 612 666 639 759 839 881 749
Minority's Interest 0 0 0 0 0 3 4 5 5 0 0
Borrowings 0 0 0 0 0 124 72 140 113 83 54
Other Non-Current Liabilities 8 9 9 8 11 -6 44 33 40 20 -3
Total Current Liabilities 110 118 142 195 197 304 359 306 395 452 427
Total Liabilities 393 434 470 667 819 1091 1118 1243 1393 1436 1228
Fixed Assets 70 68 77 79 82 237 318 354 355 351 327
Other Non-Current Assets 150 133 168 111 178 200 120 165 171 312 239
Total Current Assets 174 232 225 477 560 651 680 725 867 774 662
Total Assets 393 434 470 667 819 1091 1118 1243 1393 1436 1228

Symphony Cash Flow

#(Fig in Cr.) Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 7 4 5 19 43 19 26 21 35 64 54
Cash Flow from Operating Activities 90 104 89 95 107 140 157 89 57 125 162
Cash Flow from Investing Activities -60 -37 70 -65 -102 -250 78 -53 6 -11 193
Cash Flow from Financing Activities -33 -66 -145 -5 -29 118 -241 -21 -34 -124 -367
Net Cash Inflow / Outflow -3 1 13 25 -25 7 -6 14 29 -10 -12
Closing Cash & Cash Equivalent 4 5 18 43 19 26 21 35 64 54 41

Symphony Ratios

# Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 15.11 16.57 16.92 23.77 27.53 13.19 25.94 15.35 17.2 16.64 21.48
CEPS(Rs) 15.76 17.16 17.53 24.75 28.5 14.5 29.01 18.41 20.73 20.35 25.23
DPS(Rs) 13 14 25 4.5 4.5 4.5 23 5 9 5 13
Book NAV/Share(Rs) 36.25 43.77 45.55 66.48 87.44 95.22 91.38 108.54 120.01 125.93 108.63
Core EBITDA Margin(%) 23.39 25.19 30.56 26.06 27.35 15.76 18.19 14.04 14.9 11.36 14.17
EBIT Margin(%) 25.6 30.82 37.08 30.81 33.45 16.35 20.71 14.33 16.34 13.29 16.03
Pre Tax Margin(%) 25.53 30.67 37 30.72 33.17 15.43 19.64 13.09 15.39 12.35 15.04
PAT Margin (%) 19.98 22.04 26.57 21.74 24.12 10.85 15.49 10.72 11.11 9.42 12.31
Cash Profit Margin (%) 20.7 22.82 27.53 22.64 24.97 12.02 17.29 12.85 13.33 11.57 14.46
ROA(%) 30 28.04 26.21 29.24 25.9 9.59 16.46 9.1 9.17 8.19 11.12
ROE(%) 46.93 41.41 37.89 42.44 35.77 14.33 27.85 15.36 15.12 13.47 18.18
ROCE(%) 60.12 57.9 52.88 58.69 47.61 18.5 29.17 16.35 17.75 15.3 19.54
Receivable days 27.15 25.77 32.58 23.67 26.02 35.95 35.1 52.29 62.69 47.88 42.94
Inventory Days 27.93 29.23 41.28 31.6 35.87 43.06 36.91 43.02 48.9 62.72 72.84
Payable days 41.99 56.83 81.1 52.2 53.58 75.51 76.22 91.83 91.08 86.18 95.54
PER(x) 33.03 63.88 70.24 64.12 64.97 104.92 30.5 82.36 63.79 61 39.49
Price/Book(x) 13.77 24.18 26.09 22.93 20.45 14.53 8.66 11.64 9.14 8.06 7.81
Dividend Yield(%) 1.3 0.66 1.05 0.3 0.25 0.33 2.91 0.4 0.82 0.49 1.53
EV/Net Sales(x) 6.54 14.07 18.56 13.91 15.67 11.63 5.15 9.99 7.53 6.1 5.15
EV/Core EBITDA(x) 24.87 44.51 52.64 43.85 45.7 57.11 21.18 52.21 38.75 38.11 26.91
Net Sales Growth(%) 40.92 -1.28 -15.27 71.64 4.38 5.68 30.7 -18.39 15.47 14.29 -2.65
EBIT Growth(%) 48.35 18.83 1.94 42.63 13.31 -48.34 76.18 -40.94 23.91 -8.03 17.94
PAT Growth(%) 76.76 8.89 2.12 40.48 15.8 -52.45 98.55 -40.93 12.55 -4.12 27.83
EPS Growth(%) 75.89 9.64 2.12 40.48 15.81 -52.08 96.65 -40.84 12.08 -3.23 29.08
Debt/Equity(x) 0 0 0 0.04 0.04 0.28 0.27 0.24 0.26 0.22 0.2
Current Ratio(x) 1.58 1.96 1.58 2.45 2.85 2.14 1.89 2.37 2.19 1.71 1.55
Quick Ratio(x) 1.23 1.57 1.2 2.05 2.44 1.75 1.57 1.98 1.76 1.16 1.01
Interest Cover(x) 383.42 202.76 454.01 333.08 120.82 17.71 19.33 11.57 17.19 14.05 16.1
Total Debt/Mcap(x) 0 0 0 0 0 0.02 0.03 0.02 0.03 0.03 0.03

Symphony Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 73.25 73.25 73.39 73.39 73.39 73.39 73.39 73.43 73.43 73.43
FII 4.01 3.74 3.63 3.82 3.4 3.32 4.83 6.11 6.79 6.17
DII 11.22 11.1 10.69 10.45 11.04 10.27 9.98 8.96 8.45 8.68
Public 11.52 11.91 12.3 12.35 12.18 13.02 11.81 11.5 11.34 11.72
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 86.18 to 95.54days.
  • Stock is trading at 11.4 times its book value.
  • The company has delivered a poor profit growth of 9% 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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