X

Symphony Ltd. Stock Analysis

Mid Cap
Evaluated by 2955 users | BSE: 517385 | NSE: SYMPHONY |
Consumer Durables - Domestic Appliances
Symphony Comfort Systems Ltd was incorporated on February 5,1988 as Sanskrut Comfort Systems Ltd. (SCS). The company commenced its operations in February 1988 with the manufacture of air-coolers, it has been promoted by Achal Anil Bakeri.Symphony today has established itself as a world leader...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Symphony Ltd. has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Jun'11Jun'12Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 39.3%31.06%27.2%42.59%36.99%35.37%38.23%30.29%12.56%20.16%
Value Creation Index 1.320.630.611.511.181.091.260.79-0.260.19
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2913133785335265947657988441,103
Y-o-Y Gr. Rt.-7.9%20.6%40.9%-1.3%13%28.7%4.4%5.7%30.7%
Adjusted EPS (Rs.) 6.677.688.0815.1215.321.0121.8724.0612.6422.86
Y-o-Y Gr. Rt.-15.1%5.2%87.1%1.2%37.3%4.1%10%-47.5%80.9%
Book Value per Share (Rs.) 18.6323.8728.636.2543.7760.7366.4887.4495.2291.38
Adjusted Net Profit 46.753.756.510610714715316888.4160
Net Op. Cash Flow (Rs. Cr.) -0.684.366.890.410411894.7107140157
Debt to Cash Flow from Ops -0.280.0900000.20.241.351.1
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Symphony Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 16%16%13%30.7%
Adjusted EPS 14.7%8.4%1.5%80.9%
Book Value per Share 19.315.911.2-4
Share Price 23% -2.8% -15.6% -31.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'11Jun'12Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 39.0931.4427.4842.4936.7935.2939.0531.2613.8424.5
Operating Profit Margin (%) 23.8223.4320.9423.525.8631.0626.3627.5215.7619.36
Net Profit Margin (%) 16.0717.1314.9519.8620.3624.7420.0121.0810.414.53
Debt to Equity 00.0400000.040.040.280.27
Working Capital Days 1051451077279121103124136115
Cash Conversion Cycle 60846030191720242925
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 75.00%
Institutions 15.02%
Non-Institutions 9.98%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Symphony Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Symphony Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Symphony Ltd.'s performance infers:

Symphony Ltd. earnings have grown by 8.4%, whereas share price has depreciated -2.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Symphony Ltd. share prices over the last 10 years. Here is what we found out:

Symphony Ltd. share price has depreciated 31.1% annually over the past ten years.

Symphony Comfort Systems Ltd was incorporated on February 5,1988 as Sanskrut Comfort Systems Ltd. (SCS). The company commenced its operations in February 1988 with the manufacture of air-coolers, it has been promoted by Achal Anil Bakeri.

Symphony today has established itself as a world leader in evaporative air coolers. It is a joint stock, publicly held, listed company.

Sensitivity to good design is a universal phenomenon. Symphony's global popularity is testament to this sentiment.

Symphony Comfort Systems Ltd was incorporated on February 5,1988 as Sanskrut Comfort Systems Ltd. (SCS). The company commenced its operations in February 1988 with the manufacture of air-coolers, it has been promoted by Achal Anil Bakeri.

Symphony today has established itself as a world leader in evaporative air coolers. It is a joint stock, publicly held, listed company.

Sensitivity to good design is a universal phenomenon. Symphony's global popularity is testament to this sentiment. Its products are already being sold in U.S.A, Europe, Middle East, Africa, and South-East Asia & shortly will be available in many other countries.

Symphony air coolers are designed to give very high air delivery efficiency. This means that the Symphony air coolers give very high air delivery at very low power consumption. This has been achieved by a combination of several design parameters.

These air coolers are designed using latest engineering and computerized techniques and further analyzed and tested at a very high-tech state of the art validation center - one of its kind in the world! Be it 3D modeling, be it computer simulations like stress analysis, mould flow analysis, air flow analysis, acoustic analysis, dynamic analysis, vibration analysis, thermal analysis, psychometric analysis, rapid prototyping etc.

Best of the technology across the world has been procured and put to use for designing and developing the air coolers. Several aspects helping Symphony air coolers to achieve extra low power consumption are elaborated as below.

Product range of the company includes:

Evaporative Air Coolers

  • Desert Coolers
  • Room Coolers
  • Personal Coolers

Air Conditioners

  • Window Air Conditioners
  • Split Air Conditioners

Water Heaters

  • Sauna Heaters

Achievements/ recognition:-

Award

  • Young Achiever Award
  • Advertisement Award
  • Viewers Choice Award

Certificate

  • ISO90001
  • Certificate for Saudi Arabian standards organization
  • Certificate for authorization to mark
  • Symphony has also created the world's largest functioning air cooler and this has been certified by Guinness World Records Ltd.

Milestones

2010
Launch of industrial air cooling solutions in India
Introduced first summer campaign
2011
Launched a TV campaign for the South American / Mexico market-- a first by any evaporative cooler company in the region

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.
Symphony received coveted recognition of Star Export House from Govt. of India.
Recently, the Ministry of Science and Technology, Government of India accorded the certificate of recognition to Symphony's in-house R&D centre.
Introduced Storm - world's largest tower cooler with advanced electronics.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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