Symphony Ltd Stock Analysis

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

BSE Share Price 29-Mar-2023 18:02
1022.65 -64.75 (-5.95%)

DeciZen - Make an Informed Decision on Symphony

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Symphony Price Chart

P/E Ratio ( CD) :
43.72
Market Cap :
7,154.2 Cr.
52-wk low :
821
52-wk high :
1,219
Bole Toh?

1. Is Symphony Ltd a good quality company?

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

2. Is Symphony Ltd 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.

3. Is Symphony Ltd a good buy now?

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

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

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'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 27.2%42.6%37%35.4%38.2%30.3%12.6%21.2%12.7%11.6%-
Value Creation Index NA2.01.71.61.81.2-0.10.6-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3785335265947657988441,1039001,0391,264
YoY Gr. Rt. %-40.9%-1.3%13%28.7%4.4%5.7%30.7%-18.4%15.5%-
Adj EPS 8.115.115.32121.924.112.624.114.815.623.4
YoY Gr. Rt. %-87.1%1.2%37.3%4.1%10%-47.5%90.3%-38.5%5.5%-
BVPS (₹) 28.636.343.860.766.587.495.291.4108.5120123.4
Adj Net Profit 56.510610714715316888.4168103109164
Cash Flow from Ops. 66.890.410411894.710714015788.756.8-
Debt/CF from Ops. 00000.20.21.41.12.13.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%6.3%7.2%15.5%
Adj EPS 7.6%-6.6%7.2%5.5%
BVPS 17.312.5810.6
Share Price 19% -10.6% 8.2% -5.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'13Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.542.536.835.339.131.313.825.814.813.719.3
Op. Profit Mgn % 20.923.525.931.126.427.515.819.916.115.615.6
Net Profit Mgn % 1519.920.424.72021.110.415.311.510.613
Debt to Equity 0000000.30.30.20.3-
Working Cap Days 10772791211031241361151471470
Cash Conv. Cycle 603019172024292544590

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.30%

Sales growth is good in last 4 quarters at 29.00%

Sales growth has been subdued in last 3 years 7.19%

Net Profit has been subdued in last 3 years 7.24%

Latest Financials - Symphony Ltd.

Standalone Consolidated
TTM EPS (₹) 23.6 23.4
TTM Sales (₹ Cr.) 897 1,264
BVPS (₹.) 125.7 123.4
Reserves (₹ Cr.) 865 849
P/BV 8.14 8.31
PE 43.36 43.72
From the Market
52 Week Low / High (₹) 821.00 / 1218.95
All Time Low / High (₹) 0.13 / 2212.75
Market Cap (₹ Cr.) 7,154
Equity (₹ Cr.) 14
Face Value (₹) 2
Industry PE 50.2

Management X-Ray of Symphony :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Symphony

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Symphony Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Symphony on 29-Mar-2023 18:02 is : 1,022.7.
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 29-Mar-2023 18:02 the market cap of Symphony stood at ₹ 7,154.2.
The latest PE ratio of Symphony as of 29-Mar-2023 18:02 is 43.36.
The latest PB ratio of Symphony as of 29-Mar-2023 18:02 is 8.14
The 52-week high of Symphony is ₹ 1,219 and the 52-week low is ₹ 821.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Symphony is ₹ 897.0 ( 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.
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