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Symphony Ltd

SYMPHONY NSE

Key Fundamentals

MicrocapHousehold AppliancesConsumer Goods
Market Cap
₹4,130 Cr
Volatility
Low Risk
P/E Ratio
-29.3
EBITDA
₹184 Cr
Return on Equity
-25.87%
Debt to Equity
0.32
Book Value
₹79.4
EPS
₹30.74
52W High
₹974.7
52W Low
₹595.75

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 19.6%

Weaknesses

2
  • Stock is trading at 7.53 times its book value
  • The company has delivered a poor sales growth of 4.67% over past five years.

Growth Rate

Revenue Growth
-26.59% ↘
Net Income Growth
-166.35% ↘
Cash Flow Change
-131.36% ↘
ROE
-192.59% ↘
ROCE
-120.31% ↗
EBITDA Margin (Avg.)
-29.76% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 49d ago
AI opinion · based on fundamentals
Risk high

Symphony Ltd, the dominant player with ~50% share of India's organised air cooler market, is trading at a market cap of ₹4,817 Cr with a negative trailing PE of -33.9x after reporting a consolidated net loss in the most recent period. The company posted strong FY25 consolidated revenue of ₹1,623 Cr (up 36% YoY) but has seen a sharp reversal in FY26 with revenue declining ~30% YoY in recent quarters, resulting in negative EPS of -₹20.14 for FY26.

Bull Case 7
  • Dominant market position with ~50% share of India's organised air cooler market, providing pricing power and brand recall in a structurally underpenetrated category
  • FY25 consolidated revenue grew 36% YoY to ₹1,623 Cr from ₹1,207 Cr in FY24, demonstrating the business can scale rapidly in a good demand year
  • FY25 consolidated net profit surged to ₹212.5 Cr with EPS of ₹30.94, up from ₹148 Cr in FY24, showing strong operating leverage when volumes are healthy
  • FY25 operating profit margin expanded to 19.1% from 14% in FY24, indicating ability to improve profitability through mix and scale
  • Asset-light business model with outsourced manufacturing keeps capital expenditure low; 10-year sales CAGR of 10% achieved without heavy reinvestment
  • Consistent dividend payout history with 19.3% payout ratio maintained and current dividend yield of 0.58%, signalling shareholder-friendly management
  • Global presence across 60+ countries diversifies revenue beyond India's seasonal domestic demand; international revenue contributed ~50% of consolidated sales historically
Bear Case 8
  • TTM sales have declined 28% and TTM profit has collapsed by 110%, indicating a severe demand downturn; FY26 consolidated net loss of ₹141 Cr versus ₹212.5 Cr profit in FY25
  • Stock trades at 8.77x price-to-book value despite negative trailing earnings (PE of -33.9x), implying expensive valuation relative to current profitability
  • 5-year compounded sales growth of just 4.7-5% is poor for a consumer discretionary company, suggesting structural demand challenges
  • Last year ROE turned negative at -4% versus 3-year average of 17% and 10-year average of 20%, reflecting significant earnings deterioration
  • Stock price CAGR is -39% over 1 year and -8% over 3 and 5 years, indicating sustained value destruction for shareholders
  • High single-product concentration with 97% revenue from air coolers exposes the company to weather dependency and seasonal demand volatility
  • FY26 Q4 revenue of ₹351 Cr showed a 30.7% YoY decline, suggesting the demand weakness is persisting into what should be peak summer season
  • International subsidiary performance is volatile; consolidated other income swung to -₹147 Cr in FY26 from +₹1 Cr in FY25, likely reflecting foreign exchange or impairment charges

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 49d ago
Positives 1
  • ₹5 final dividend declared Jul 6

    Symphony fixed July 17, 2026 as record date for ₹5 per share final dividend for FY26, signaling steady capital return to shareholders.

Neutral 4
  • Trading window closed from Jul 1 Jun 20

    Symphony closed its trading window for designated persons from July 1, 2026 until 48 hours after Q1FY27 results are declared.

  • Analyst meeting with HDFC Securities Jun 15

    Symphony scheduled a one-on-one virtual meeting with HDFC Securities on June 19, 2026 to discuss business outlook.

  • Media engagements in mid-June Jun 15

    Management interacted with ET Swadesh on June 15 and ET Now on June 12, 2026 to discuss business overview.

  • 39th AGM set for Aug 4 Jul 6

    Symphony's 39th Annual General Meeting is scheduled for August 4, 2026 via video conference.

TL;DR: Symphony's recent newsflow is largely routine and governance-related, with no material negative developments. The ₹5 per share final dividend reflects consistent shareholder returns. Active engagement with analysts and media suggests management confidence ahead of Q1FY27 results. The near-term outlook hinges on upcoming quarterly earnings, with no visible headwinds from current news.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
302
275
247
332
393
289
242
488
251
163
233
338
378
Expenses
276
234
203
275
306
212
213
381
225
139
209
288
332
Operating Profit
26
41
44
57
87
77
29
107
26
24
24
50
46
OPM %
9%
15%
18%
17%
22%
27%
12%
22%
10%
15%
10%
15%
12%
Other Income
14
11
15
9
9
4
-39
11
29
7
12
-196
13
Interest
3
2
3
2
0
0
2
3
0
0
4
5
3
Depreciation
7
7
6
6
2
2
6
5
2
3
5
6
6
PBT
30
43
50
58
94
79
-18
110
53
28
27
-157
50
Tax %
20%
19%
18%
17%
6%
29%
-44%
28%
21%
32%
30%
39%
20%
Net Profit
24
35
41
48
88
56
-10
79
42
19
19
-218
40
EPS in Rs
3.48
5.08
5.95
6.96
12.76
8.15
-1.46
11.5
6.12
2.77
2.77
-31.75
5.82
Figures in ₹ Crores

Profit & Loss

  Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
525
446
764
798
844
1,103
900
1,039
1,188
1,156
1,576
1,130
1,112
Expenses
393
309
565
579
711
889
759
877
1,048
985
1,264
1,005
968
Operating Profit
132
136
199
220
133
213
140
162
140
171
312
126
144
OPM %
25%
31%
26%
28%
16%
19%
16%
16%
12%
15%
20%
11%
13%
Other Income
34
33
43
54
15
51
24
40
50
48
1
-147
-164
Interest
1
0
1
2
8
13
12
10
12
12
11
18
12
Depreciation
4
4
7
7
10
21
21
24
26
26
22
20
20
PBT
161
165
235
265
130
230
131
168
152
181
280
-59
-52
Tax %
28%
28%
29%
27%
30%
21%
18%
28%
24%
18%
24%
138%
—
Net Profit
116
118
166
193
92
182
107
121
116
148
212
-141
-140
EPS in Rs
16.56
16.91
23.77
27.52
13.19
25.94
15.34
17.2
16.64
21.48
30.94
-20.54
-20.39
Div. Payout %
42%
74%
19%
16%
34%
89%
33%
52%
30%
61%
42%
-44%
—
Figures in ₹ Crores

Balance Sheet

  Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
0
0
19
26
188
210
219
254
232
170
142
173
Other Liabilities
116
104
121
119
211
215
236
267
281
291
419
312
Total Liabilities
423
422
605
757
1,065
1,064
1,214
1,361
1,394
1,210
1,322
1,030
Fixed Assets
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
268
Other Assets
112
180
234
252
363
332
375
506
516
510
560
590
Total Assets
423
422
605
757
1,065
1,064
1,214
1,361
1,394
1,210
1,322
1,030
Figures in ₹ Crores

Cash Flow

  Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
104
89
95
107
140
157
89
57
125
162
259
-81
Investing
-37
70
-65
-102
-250
78
-53
6
-12
193
-41
190
Financing
-66
-145
-5
-29
118
-241
-21
-34
-124
-367
-224
-95
Net Cash Flow
1
13
25
-25
7
-6
14
29
-10
-12
-6
14
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
Figures in ₹ Crores

Ratios

  Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
193
Days Payable
61
90
55
55
104
72
100
95
91
81
82
79
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
23
ROCE %
50%
51%
58%
46%
22%
29%
16%
17%
15%
19%
37%
21%

Shareholding Pattern

As of Jun 2026
Promoters 73.43%
Public 9.84%
DIIs 8.48%
Others 5.82%
FIIs 2.44%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
73.25%
73.25%
73.25%
73.25%
73.25%
73.25%
73.25%
73.25%
73.25%
73.39%
73.39%
73.39%
73.39%
73.39%
73.42%
73.43%
73.43%
73.43%
73.43%
73.43%
73.43%
73.43%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.32%
4.83%
6.11%
6.79%
6.18%
6.47%
5.98%
5.30%
3.27%
2.44%
DIIs
10.19%
9.30%
9.22%
9.77%
9.78%
10.59%
10.64%
11.22%
11.10%
9.86%
10.44%
10.39%
10.27%
9.98%
8.96%
8.45%
8.68%
8.60%
8.84%
8.75%
8.72%
8.48%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.36%
8.40%
8.53%
8.03%
7.86%
7.28%
5.57%
5.56%
5.84%
6.25%
6.20%
6.80%
7.74%
6.31%
6.47%
6.27%
6.50%
6.41%
6.58%
7.16%
8.93%
9.84%
Others
9.20%
9.04%
9.00%
8.96%
9.11%
8.89%
10.54%
9.97%
9.81%
10.51%
9.98%
9.43%
5.28%
5.50%
5.04%
5.07%
5.22%
5.08%
5.18%
5.36%
5.65%
5.82%
No. of Shareholders
38,687
57,910
62,678
58,352
58,538
53,364
52,377
51,960
1,39,980
68,355
66,711
67,660
72,439
54,960
2,02,229
1,48,974
1,40,637
1,38,810
1,36,778
1,35,023
1,37,467
1,36,586

Documents

Frequently Asked Questions about Symphony Ltd

What does Symphony Ltd do?
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 fr...
Where is Symphony Ltd (SYMPHONY) listed?
Symphony Ltd is listed on the Indian stock exchanges. It is listed on NSE: SYMPHONY and BSE: 517385. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Symphony Ltd belong to?
Symphony Ltd operates in the Consumer Goods sector within the Household Appliances industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Symphony Ltd?
Symphony Ltd has a market capitalisation of approximately ₹4130.24 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Symphony Ltd?
The Price-to-Earnings (PE) ratio of Symphony Ltd is -29.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Symphony Ltd?
Over the past 52 weeks, Symphony Ltd has traded between a low of ₹595.75 and a high of ₹974.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Symphony Ltd pay dividends?
Yes, Symphony Ltd has a dividend yield of 0.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Symphony Ltd?
Symphony Ltd has a Return on Equity (ROE) of -25.87%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Symphony Ltd on Tapetide?
On Tapetide, you can view Symphony Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website symphonylimited.com
CEO Mr. Achal Anil Bakeri MBA
Employees 486
Listed 2011-06-15
Face Value ₹ 2
Issued Size 6,86,71,400

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