Is Symphony a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Symphony Ltd is a good quality company .

Is Symphony undervalued or overvalued?

The key valuation ratios of Symphony Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Symphony share price return in the past 10 years?

Symphony Ltd share price has appreciated 2.9% annually (CAGR) over the past ten years.

Is Symphony a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Symphony Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Symphony Ltd - Stock Valuation and Financial Performance

Name: Symphony
Brand: Symphony

BSE: 517385 | NSE: SYMPHONY | Consumer Durables - Domestic Appliances | Small Cap

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Symphony Share Price

₹1,377.75 -18.80 -1.35%
as on 21-Nov'24 16:59

10 Year X-Ray of Symphony:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	57.9%	52.9%	58.7%	47.6%	18.5%	29.2%	16.4%	17.8%	15.3%	19.5%	-
Value Creation Index ⓘ	NA	2.9	3.4	2.5	0.4	1.2	0.2	0.3	0.1	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	526	594	765	798	844	1,103	900	1,039	1,188	1,156	1,425
Sales YoY Gr.	-	13%	28.7%	4.4%	5.7%	30.7%	-18.4%	15.5%	14.3%	-2.7%	-
Adj EPS ⓘ	15.3	21	23.1	25.9	13.1	25.6	14.8	15.6	15.1	20.2	33.9
YoY Gr.	-	37.3%	9.9%	12.2%	-49.3%	95.4%	-42.4%	5.5%	-3.1%	33.7%	-
BVPS (₹) ⓘ	43.8	60.7	66.5	87.4	95.2	91.4	108.5	120	125.9	108.6	106.3
Adj Net Profit ⓘ	107	147	161	181	91.8	179	103	109	106	139	233
Cash Flow from Ops. ⓘ	104	118	94.7	107	140	157	88.7	56.8	125	162	-
Debt/CF from Ops. ⓘ	0	0	0.2	0.2	1.4	1.1	2.1	3.9	1.6	0.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.2%	6.5%	8.7%	-2.7%
Adj EPS ⓘ	3.1%	9%	11%	33.7%
BVPSⓘ	10.6%	2.7%	0%	-13.7%
Share Price	2.9%	3.1%	10.4%	57.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	36.8	35.3	41.2	33.6	14.4	27.5	14.8	13.7	12.3	17.1	31.6
Op. Profit Mgn % ⓘ	25.9	31.1	26.4	27.5	15.8	19.9	16.1	15.6	11.8	15.1	19.4
Net Profit Mgn % ⓘ	20.4	24.7	21.1	22.7	10.8	16.3	11.5	10.6	8.9	12.1	16.4
Debt to Equity ⓘ	0	0	0	0	0.3	0.3	0.2	0.3	0.2	0.2	0.1
Working Cap Days ⓘ	79	121	103	124	135	108	132	140	144	150	99
Cash Conv. Cycle ⓘ	19	17	20	24	29	20	33	53	58	54	26

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.60%

Net Profit is growing at healthy rate in last 3 years 10.98%

Sales growth is good in last 4 quarters at 21.84%

Sales growth has been subdued in last 3 years 8.71%

Latest Financials - Symphony Ltd.

	Standalone	Consolidated
TTM EPS (₹)	32.8	33.9
TTM Sales (₹ Cr.)	1,060	1,425
BVPS (₹.) ⓘ	110.6	106.3
Reserves (₹ Cr.) ⓘ	746	716
P/BV ⓘ	12.62	13.14
PE ⓘ	42.62	41.16

From the Market
52 Week Low / High (₹)	820.10 / 1878.95
All Time Low / High (₹)	0.13 / 2212.75
Market Cap (₹ Cr.)	9,590
Equity (₹ Cr.)	13.7
Face Value (₹)	2
Industry PE ⓘ	67.1

Management X-Ray of Symphony:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Symphony

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Symphony

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	526	446	765	798	844	1,103	900	1,039	1,188	1,156
Operating Expenses ⓘ	393	309	565	580	711	889	759	877	1,048	986
Manufacturing Costs	11	7	8	5	18	19	16	12	15	15
Material Costs	240	201	365	385	453	583	497	571	667	601
Employee Cost	46	43	68	73	103	113	103	116	124	121
Other Costs ⓘ	96	59	125	117	137	174	143	178	242	248
Operating Profit ⓘ	132	136	199	218	133	213	141	162	140	170
Operating Profit Margin (%)	25.2%	30.6%	26.1%	27.3%	15.8%	19.4%	15.6%	15.6%	11.8%	14.7%
Other Income ⓘ	34	21	43	56	39	55	31	40	50	51
Interest ⓘ	1	0	1	2	8	13	12	10	12	12
Depreciation ⓘ	4	4	7	7	10	21	21	24	26	26
Exceptional Items ⓘ	0	12	0	0	-24	-4	-7	0	0	-2
Profit Before Tax ⓘ	161	165	235	265	130	230	131	168	152	181
Tax ⓘ	45	46	69	72	39	49	24	47	36	33
Profit After Tax	116	118	166	193	92	182	107	121	116	148
PAT Margin (%)	22.0%	26.6%	21.7%	24.1%	10.9%	16.5%	11.9%	11.6%	9.8%	12.8%
Adjusted EPS (₹)	16.6	16.9	23.8	27.5	13.2	25.9	15.4	17.2	16.6	21.5
Dividend Payout Ratio (%)	42%	74%	19%	16%	34%	89%	33%	52%	30%	61%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	306	319	465	612	666	639	759	839	881	749
Share Capital ⓘ	7	7	14	14	14	14	14	14	14	14
Reserves ⓘ	299	312	451	598	652	625	745	825	867	735
Minority Interest	0	0	0	0	3	4	5	5	0	0
Debt	0	0	19	26	188	173	184	221	169	120
Long Term Debt	0	0	0	0	124	72	140	113	83	54
Short Term Debt	0	0	19	26	64	102	44	108	87	66
Trade Payables	40	50	55	58	129	115	136	149	166	149
Others Liabilities ⓘ	87	102	128	124	105	187	159	177	220	210
Total Liabilities ⓘ	434	470	667	819	1,091	1,118	1,243	1,393	1,436	1,228
Fixed Assets
Gross Block	160	193	186	138	301	402	458	485	504	492
Accumulated Depreciation	92	115	107	56	64	84	105	130	153	165
Net Fixed Assetsⓘ	68	77	79	82	237	318	354	355	351	327
CWIP ⓘ	0	3	0	0	6	2	0	0	0	0
Investmentsⓘ	242	162	292	422	458	412	484	500	527	373
Inventories	46	55	77	80	119	118	118	173	250	231
Trade Receivables	33	47	52	62	105	121	166	208	115	168
Cash Equivalents	8	46	47	23	54	25	38	68	57	44
Others Assetsⓘ	37	79	120	152	111	121	81	89	137	86
Total Assets ⓘ	434	470	667	819	1,091	1,118	1,243	1,393	1,436	1,228

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	104	89	95	107	140	157	89	57	125	162
PBT ⓘ	161	165	235	265	130	230	131	168	152	181
Adjustment ⓘ	-25	-26	-35	-45	3	-1	-7	2	10	-4
Changes in Working Capital ⓘ	16	-9	-38	-49	51	-16	-1	-76	18	27
Tax Paid ⓘ	-49	-41	-68	-65	-44	-57	-34	-36	-54	-43
Cash Flow From Investing Activity ⓘ	-37	70	-65	-102	-250	78	-53	6	-11	193
Capex	-14	-4	91	-70	-9	-17	-16	-9	-11	-6
Net Investments	-30	54	-176	-46	-67	93	-47	6	-24	191
Others ⓘ	7	19	20	13	-174	3	9	10	24	8
Cash Flow From Financing Activityⓘ	-66	-145	-5	-29	118	-241	-21	-34	-124	-367
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	6	162	-15	7	0	-30	-28
Interest Paid ⓘ	-1	0	0	-2	-7	-11	-11	-9	-10	-10
Dividend Paid ⓘ	-52	-120	-20	-28	-31	-171	-8	-50	-70	-42
Others ⓘ	-13	-25	15	-6	-6	-44	-10	25	-13	-286
Net Cash Flow ⓘ	1	13	25	-25	7	-6	14	29	-10	-12

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Jun'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	41.41	37.89	42.44	35.77	14.33	27.85	15.36	15.12	13.47	18.18
ROCE (%)	57.9	52.88	58.69	47.61	18.5	29.17	16.35	17.75	15.3	19.54
Asset Turnover Ratio	1.27	0.99	1.34	1.07	0.88	1.06	0.85	0.83	0.87	0.9
PAT to CFO Conversion(x)	0.9	0.75	0.57	0.55	1.52	0.86	0.83	0.47	1.08	1.09
Working Capital Days
Receivable Days	26	33	24	26	36	35	52	63	48	43
Inventory Days	29	41	32	36	43	37	43	49	63	73
Payable Days	57	81	52	54	76	76	92	91	86	96

Symphony Ltd Stock News

Symphony Ltd FAQs

What is the share price of Symphony?

Company share prices are keep on changing according to the market conditions. The closing price of Symphony on 21-Nov-2024 16:59 is ₹1,377.8.

What is the market cap of Symphony?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Symphony stood at ₹9,590.3.

What is the P/E ratio of Symphony?

The latest P/E ratio of Symphony as of 21-Nov-2024 16:59 is 42.62.

What is the P/B ratio of Symphony?

The latest P/B ratio of Symphony as of 21-Nov-2024 16:59 is 12.62.

What is the 52-week high and low of Symphony?

The 52-week high of Symphony is ₹1,879 and the 52-week low is ₹820.1.

What is the TTM revenue of Symphony?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Symphony is ₹1,060 ( Cr.) .

About Symphony Ltd

Symphony, an Indian Multi-National Company with presence in many countries is the world’s largest manufacturer of air-coolers. From inventions to innovations, energy responsibility to environment stewardship, Symphony is a market leader which has been cooling customers for generations. The massive supremacy of Symphony coolers in the residential, industrial and commercial segments has made the brand synonymous with ‘cooling’.

Founded in 1988, in Gujarat, India, Symphony Limited established a new category of evaporative air-cooling in India, taking it to the globe. At Symphony, research and development and engineering technology is a sustainable competitive advantage. The company delivers market-leading products with design innovation, improved energy conservation, distinctive styling and customer-centric design. As a pioneer in the air-cooling industry, Symphony develops breakthrough technologies to combat climate change. It is providing solutions for affordable cooling and comfortable environments for maximum efficiency, productivity and wellbeing.

Symphony Limited is a publicly traded company delivering value to its stakeholders in the most profitable and effective way. Symphony Limited has been awarded the Guinness World Record for creating the world’s largest functioning air coolers. The company also provides solutions through its world’s largest air cooling project In Mecca-Madina at Hajj Camp and Ramdev Patanjali Yoga Bhavan, Haridwar, India.

Business area of the company

The company is engaged in manufacturing and trading residential, commercial and industrial air coolers in the domestic and international markets. The Company operates in two sections: manufacture of air-coolers and treasury management. It provides tower, personal, desert, room and window air-coolers for residential use. Its commercial air cooling solutions are installed in open restaurants, party plots and large halls, among others. Its industrial air-coolers are used for factories, offices, schools, malls, assembly halls, warehouses and metro stations, among others. The Company also offers services to banks, auto industry, packaging, distilleries and railways.

Products

Household Coolers
Commercial Coolers
Industrial Coolers

Awards

1994: Achal Bakeri, Chairman & Managing Director, is awarded the Young Achiever Award by Worldcom.
1995: Achal Bakeri, Chairman & Managing Director, is felicitated by Sir John Major, then the Prime Minister of United Kingdom.
2000: Symphony is awarded the Guinness World Record for creating the world's largest functioning air cooler.
2012: The Ministry of Science and Technology, Government of India accorded the certificate of recognition to Symphony's in-house R&D centre.
2012: Symphony received coveted recognition of Star Export House from Govt. of India.
2012: Symphony wins Award for Excellence in Financial Reporting by The Institute of Chartered Accountants of India for its Annual Report of FY 2009-2010.
2013: Symphony has won India Design Mark for best design of its Diet 22i air cooler.
2014: Symphony has won most prestigious Quality Mark Award for year 2014.
2014: Symphony has bagged prestigious 'Best Presented Annual Report Award for Manufacturing Sector' for its annual report of 2012 by South Asian Federation of Accountants (SAFA).
2015: India's Most Attractive Brand award under 'Coolers' category by TRA Research
2015: Won awards for Best SME – Overall and Best SME – Manufacturing.
2015: “Best Innovative Company Award'.
2016: Recognized as 'India's Most Trusted Cooler Brand' by The Brand Trust Report
2016: Award of appreciation for participation in Acrex India 2016
2016: VAT Award by Maharashtra State Government
2016: Recognized as 'Gold Partner' by Ventcof
2017: Ranked 1 in the Small Enterprises-Manufacturing category at the Financial Express CFO Awards
2017: 'Brand Slam Award 2017' by Indira Group of Institutes
2017: Award of recognition for participation in 13th Engimach show (held in December 2017)
2018: CMD, Achal Bakeri, awarded the 'Eminence Award for Product Innovation & Business Development' by Divya Bhaskar certificate
2018: Recognized as 'India's Most Trusted Air Cooler Brand' by The Brand Trust Report
2018: CMD, Achal Bakeri, recognized as the 'CEO of the Year' in the Emerging Businesses category at CNBC CEO Awards
2019: Recognized as 'India's Most Trusted Air Cooler Brand' by The Brand Trust Report.
2020: Recognized as the 'Best Brand' by the Gujarat Brand Leadership Awards 2020.

Milestones

1988: Symphony pioneered branded air cooler in India
1990: Established a nationwide network; launched a national television campaign
1993: Launched Kaizen - AC jaisa cooler
1994: Symphony wend public
2000: Launched Sumo- the revolutionary desert cooler.
2001: Keruilai was established as China’s firs air cooler brand
2002: The first evaporative air cooler brand in China to meet the technology evolution requirement of ‘Green Star Products’.
2005: Launched the first ever cooler with 4-side cooling – winter
2005: Introduced HiCool with humidity control
2008: Introduced the power saving technology
2009: Acquired IMPCO air coolers
2009: Launched world’s first Diet cooler range
2010: Introduced Central air cooling solution
2010: Implemented India’s largest commercial air cooling project
2012: Introduced the intelligent cooler range
2012: Introduced storm-the world’s largest tower cooler
2012: Received government recognition for R&D center
2013: 25 years of Symphony
2014: Introduced range of Window Coolers with sun resistance body
2015: Market value of the company crossed $1.5 billion.
2015: Acquisition of Keruilai.
2015: Launched packaged air coolers.
2016: Introduced Cloud - world’s first wall mounted air cooler
2016: Introduced i-Pure - cooler with multistage air purification
2016: Symphony acquires entire stake in Munters Keruilai Air Treatment.
2017: Introduced touch range - world’s 1st air coolers with touchscreen and voice assist.
2018: Introduced sense series - world’s 1st air coolers with gesture control
2018: Introduced diamond series - powerful desert coolers with double blower.
2018: Symphony’s acquisition of Australia’s Climate technologies
2019: Symphony introduce its commercial range of air coolers and world’s first universal air cooler manufactured in India.
2020: Launched range of accessories for industrial and commercial air coolers.