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Symphony Ltd share Price Today

Company details

1,145.55
1,192.00
820.00
1,290.00
6M Return 31.41%
1Y Return 25.76%
Mkt Cap.(Cr) 7,950.05
Volume 238,955
Div Yield 1.14%
OI
-
OI Chg %
-
Volume 238,955

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High input cost drags margin…
About The Stock:

    Symphony is the world’s largest manufacturer of air coolers with a presence in over 60 countries and provides air cooling products in the residential, industrial and commercial segments.

    • Symphony is the market leader in the air-cooling business with a strong distribution network of ~30,000+ dealers, ~1000+ distributors and ~1000+ authorised service centres across the country
    • Asset light business model with strong RoE and RoCE of ~20% and ~21%, respectively (average in the past three years)
Q4FY22 Results:

    The company reported a mixed bag performance in Q4FY22 with revenue growth partially offset by lower EBITDA margin.

    • Revenue increased ~13% YoY to Rs. 384 crore supported by 18% revenue growth in the standalone business to Rs. 251 crore
    • Gross margin declined ~200 bps YoY (up 170 bps QoQ) due to higher raw material costs and limited price hikes. This, coupled with higher ad costs dragged EBITDA margin down by 342 bps YoY to 21.4%
    • PAT was flat at Rs. 64 crore YoY tracking lower EBITDA margin

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Research view on more stocks

Consumer electronics company Symphony announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue: Rs 332 crore
  • Gross Margin: 48.5%
  • EBITDA Margin: 18.2%
  • PAT: Rs 48 crore

Standalone:

  • Revenue: Rs 251 crore
  • Gross Margin: 48.4%
  • EBITDA Margin: 25.3%
  • PAT: Rs 46 crore

FY24 Financial Highlights:

Consolidated:

  • Revenue: Rs 1,156 crore
  • Gross Margin: 48.0%
  • EBITDA Margin: 14.7%
  • PAT: Rs 148 crore

Standalone:

  • Revenue: Rs 796 crore
  • Gross Margin: 49.0%
  • EBITDA Margin: 20.2%
  • PAT: Rs 153 crore

Result PDF

View Other Company Results

Symphony Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,181.4
R2 1,209.9
R3 1,227.9
Pivot

1,163.48

S1 1,135.0
S2 1,117.0
S3 1,088.5
EMA SMA
1,145.3
1,064.7
1,003.4
960.8
1,143.6
1,039.5
971.1
927.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HDFC MUTUAL FUND MULTI CAP FUND Bulk Purchase 2023-12-20 880 600000 NSE
SWAYAT TRADING CO Bulk Sell 2023-12-20 880 600000 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-09-19 891.85 181509 BSE
Name Category Shares
ACHAL ANIL BAKERI PROMOTER 41.91%
RUPA ACHAL BAKERI PROMOTER 10.16%
ACHAL ANIL BAKERI - HUF (ACHAL ANIL BAKERI KARTA) PROMOTER 3.44%
SANSKRUT TRADECOM PRIVATE LIMITED PROMOTER 17.88%

OUR RESEARCH VIEW

Investment recommendation
High input cost drags margin…
Call Date
05 May 2022
Entry Price 1,144.00
Target Price 1,215.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Symphony Ltd Stocks COMPARISON

Financials( in Cr) Symphony Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 1,152.90 1,911.85 11,605.15 1,512.60 1,693.85
% Change -1.02 1.31 0.57 1.71 0.35
Mcap Cr 7,950.05 119,812.39 69,424.33 50,049.67 34,828.10
Revenue TTM Cr 1,187.56 18,590.01 12,192.01 12,481.21 7,977.32
Net Profit TTM Cr 115.88 1,270.76 255.08 248.11 400.69
PE TTM 53.19 94.79 188.85 198.26 83.70
1 Year Return 25.76 42.74 153.00 92.22 111.65
ROCE 14.69 24.13 23.60 8.40 23.89
ROE 13.47 18.06 22.36 4.40 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 880.91 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
Symphony Limited - Loss of Share Certificates

Jun 24, 2024 l NSE Announcement

Symphony Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 19, 2024 l NSE Announcement

Symphony Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 18, 2024 l NSE Announcement

Date Action Type Ratio
Feb 07, 2024 Dividend 100
Nov 03, 2023 Dividend 100
Aug 04, 2023 Dividend 50

Symphony Ltd Information

Stock PE (TTM)
53.19
Promoter Holding
73.39%
Book Value
108.5882
ROCE
14.69%
ROE
13.47%
Registered Address

Symphony House 3rd Flr FP-12, TP-50 Bodakdev Off SG Highway, Ahmedabad, Gujarat, 380054

Tel : 91-079-66211111
Email : companysecretary:symphonylimited.com
Website : http://www.symphonylimited.com
Registrar

Sharepro Services India Pvt Lt

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 517385
NSE Code : SYMPHONY
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE225D01027

FAQ’s on Symphony Ltd Shares

You can buy Symphony Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Symphony Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:49 PM the closing price of Symphony Ltd was Rs.1,152.90.

The latest PE ratio of Symphony Ltd as of Jun 24, 2024 03:49 PM is 53.19

The latest PB ratio of Symphony Ltd as of Jun 24, 2024 03:49 PM is 0.09

The 52-week high of Symphony Ltd share price is Rs. 1,290.00 while the 52-week low is Rs. 820.00

According to analyst recommendations, Symphony Ltd Share has a "Buy" rating for the long term.

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 Jun 24, 2024 03:49 PM, the market cap of Symphony Ltd stood at Rs. 7,950.05 Cr.

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