New Risk • May 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Price Target Changed • May 19
Price target decreased by 7.3% to ₹1,019 Down from ₹1,100, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ₹729. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₹20.00 next year compared to a net loss per share of ₹20.54 last year. Reported Earnings • May 17
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: ₹20.54 loss per share (down from ₹30.89 profit in FY 2025). Revenue: ₹11.9b (down 24% from FY 2025). Net loss: ₹1.41b (down 166% from profit in FY 2025). Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annuncio • May 08
Symphony Limited to Report Q4, 2026 Results on May 15, 2026 Symphony Limited announced that they will report Q4, 2026 results on May 15, 2026 Declared Dividend • Jan 30
Third quarter dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 3rd February 2026 Payment date: 27th February 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹4.05 (vs ₹1.37 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹4.05 (up from ₹1.37 loss in 3Q 2025). Revenue: ₹1.79b (down 26% from 3Q 2025). Net income: ₹270.0m (up ₹370.0m from 3Q 2025). Profit margin: 15% (up from net loss in 3Q 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jan 19
Symphony Limited to Report Q3, 2026 Results on Jan 28, 2026 Symphony Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Price Target Changed • Nov 27
Price target decreased by 9.9% to ₹1,137 Down from ₹1,262, the current price target is an average from 7 analysts. New target price is 32% above last closing price of ₹863. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₹20.53 for next year compared to ₹30.89 last year. Declared Dividend • Nov 08
Second quarter dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 12th November 2025 Payment date: 6th December 2025 Dividend yield will be 1.3%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 121% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹3.63 (vs ₹8.11 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.63 (down from ₹8.11 in 2Q 2025). Revenue: ₹1.76b (down 44% from 2Q 2025). Net income: ₹250.0m (down 55% from 2Q 2025). Profit margin: 14% (down from 18% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 29
Symphony Limited to Report Q2, 2026 Results on Nov 06, 2025 Symphony Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Price Target Changed • Aug 05
Price target decreased by 9.5% to ₹1,280 Down from ₹1,414, the current price target is an average from 9 analysts. New target price is 25% above last closing price of ₹1,020. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₹26.37 for next year compared to ₹30.89 last year. Annuncio • Aug 01
Symphony Limited Approves Final Dividend for the Financial Year Ended on March 31, 2025 Symphony Limited at its AGM held on August 1, 2025 approved payment of three interim dividends aggregating to INR 5.00/- per share paid and to declare final dividend of INR 8.00/- per share for the financial year ended on March 31, 2025. Annuncio • Jul 24
Symphony Limited to Report Q1, 2026 Results on Aug 01, 2025 Symphony Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • Jul 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹30.89 (up from ₹21.44 in FY 2024). Revenue: ₹15.8b (up 36% from FY 2024). Net income: ₹2.13b (up 44% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Fourth quarter dividend of ₹8.00 announced Shareholders will receive a dividend of ₹8.00. Ex-date: 18th July 2025 Payment date: 31st August 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jul 07
Symphony Limited, Annual General Meeting, Aug 01, 2025 Symphony Limited, Annual General Meeting, Aug 01, 2025, at 13:30 Indian Standard Time. Reported Earnings • May 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹30.89 (up from ₹21.44 in FY 2024). Revenue: ₹16.2b (up 40% from FY 2024). Net income: ₹2.13b (up 44% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • May 10
Symphony Limited Recommends Final Dividend for Financial Year 2024-2025 The Board of Directors of Symphony Limited have recommended a final dividend of INR 8/- (400%) per equity share of INR 2/- each amounting to INR 549.4 million for financial year 2024-2025. The total dividend for financial year 2024-2025 aggregates to INR 13/- (650%) per equity share of INR 2/- each amounting to INR 893.0 million which includes three interim dividends of INR 5/- (250%) per equity share paid during the year. The final dividend is subject to approval by shareholders at the upcoming Annual General Meeting of the Company. Annuncio • May 01
Symphony Limited to Report Q4, 2025 Results on May 07, 2025 Symphony Limited announced that they will report Q4, 2025 results on May 07, 2025 Declared Dividend • Feb 07
Third quarter dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 11th February 2025 Payment date: 28th February 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 06
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: ₹1.37 loss per share (down from ₹5.91 profit in 3Q 2024). Revenue: ₹2.42b (down 2.0% from 3Q 2024). Net loss: ₹100.0m (down 124% from profit in 3Q 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 05
Symphony Limited Declares Third Interim Dividend for the Financial Year 2024-25, Payable on or Before February 28, 2025 Symphony Limited Declared 3rd Interim Dividend of INR 2/- (100%) per equity share having face value of INR 2/each for the financial year 2024-25. The said interim dividend shall be payable to the shareholders on or before February 28, 2025. Record date is on February 11, 2025. Annuncio • Jan 29
Symphony Limited to Report Q3, 2025 Results on Feb 05, 2025 Symphony Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Oct 31
Second quarter dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 7th November 2024 Payment date: 25th November 2024 Dividend yield will be 0.8%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹8.11 (vs ₹5.06 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.11 (up from ₹5.06 in 2Q 2024). Revenue: ₹3.35b (up 22% from 2Q 2024). Net income: ₹560.0m (up 60% from 2Q 2024). Profit margin: 17% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Annuncio • Oct 29
Symphony Limited Declares Second Interim Dividend for the Financial Year 2024-25, Payable on November 25, 2024 Symphony Limited at its Board of Directors meeting, declared second Interim Dividend of INR 2 (100%) per equity share having face value of INR 2 each for the financial year 2024-25. The said interim dividend shall be payable to the shareholders on or before November 25, 2024. Annuncio • Oct 21
Symphony Limited to Report Q2, 2025 Results on Oct 29, 2024 Symphony Limited announced that they will report Q2, 2025 results on Oct 29, 2024 New Risk • Sep 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Upcoming Dividend • Aug 14
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.4%). Annuncio • Aug 07
Symphony Limited Declares First Interim Dividend and Approves Payment of Three Interim Dividends for the Financial Year 2024-25 Symphony Limited announced that at its board meeting held on August 6, 2024, declared first Interim Dividend of INR 1 (50%) per equity share having face value of INR 2 each for the financial year 2024-25. The company also approved payment of three interim dividends aggregating to INR 5.00 per share. Price Target Changed • Aug 07
Price target increased by 13% to ₹1,220 Up from ₹1,075, the current price target is an average from 8 analysts. New target price is 19% below last closing price of ₹1,499. Stock is up 73% over the past year. The company is forecast to post earnings per share of ₹31.10 for next year compared to ₹21.43 last year. Annuncio • Aug 06
Symphony Limited (BSE:517385) announces an Equity Buyback for 285,600 shares, representing 0.41% for INR 714 million. Symphony Limited (BSE:517385) announces a share repurchase program. Under the program, the company will repurchase up to 285,600 shares, representing 0.41% of its issued share capital for a total of INR 714 million. The shares repurchased will be repurchased at a price of INR 2,500 per share. As of August 6, 2024, the company has 68,957,000 issued and outstanding shares. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,462, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 49x in the Consumer Durables industry in India. Total returns to shareholders of 65% over the past three years. Annuncio • Jul 22
Symphony Limited to Report Q1, 2025 Results on Aug 06, 2024 Symphony Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Upcoming Dividend • Jul 19
Upcoming dividend of ₹8.00 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.4%). Reported Earnings • Jul 15
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹21.44 (up from ₹16.64 in FY 2023). Revenue: ₹11.6b (down 2.7% from FY 2023). Net income: ₹1.48b (up 27% from FY 2023). Profit margin: 13% (up from 9.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Annuncio • Jul 04
Symphony Limited, Annual General Meeting, Aug 06, 2024 Symphony Limited, Annual General Meeting, Aug 06, 2024, at 13:00 Indian Standard Time. Declared Dividend • Jul 04
Fourth quarter dividend of ₹8.00 announced Shareholders will receive a dividend of ₹8.00. Ex-date: 26th July 2024 Payment date: 1st January 1970 Dividend yield will be 1.0%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,209, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 46x in the Consumer Durables industry in India. Total returns to shareholders of 15% over the past three years. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹21.43 (up from ₹16.64 in FY 2023). Revenue: ₹12.1b (up 1.6% from FY 2023). Net income: ₹1.48b (up 27% from FY 2023). Profit margin: 12% (up from 9.8% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Apr 30
Symphony Limited Approves Recommended Final Dividend for the Financial Year 2023-24 Board of directors of Symphony Limited at its meeting held on April 30, 2024 has considered and approved Recommended final dividend of INR 8.00/- (400%) per equity share having face value of INR 2/- each for the financial year 2023-24. Annuncio • Apr 23
Symphony Limited to Report Q4, 2024 Results on Apr 30, 2024 Symphony Limited announced that they will report Q4, 2024 results on Apr 30, 2024 Reported Earnings • Jan 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹5.91 (up from ₹5.51 in 3Q 2023). Revenue: ₹2.47b (down 11% from 3Q 2023). Net income: ₹410.0m (up 5.1% from 3Q 2023). Profit margin: 17% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jan 30
Symphony Limited Declares Third Interim Dividend for the Financial Year 2024, Payable on or Before February 25, 2024 The board of directors of Symphony Limited at its meeting held on January 30, 2024, declared 3rd Interim Dividend of INR 2/(100%) per equity share having face value of 2/each for the financial year 202324. The said interim dividend shall be payable to the shareholders on or before February 25, 2024. Annuncio • Oct 27
Symphony Limited Announces Re-Designation of Nrupesh Shah from Executive Director to Managing Director - Corporate Affairs Symphony Limited announced that as part of the long term strategy, from time to time, the Company undertakes a structured transformation in role and responsibilities of the directors and senior managerial personnel including succession planning and following to the said strategy, upon recommendation of the Nomination and remuneration Committee and subject to the approval of Members, the Board of Directors has considered and approved the elevation and re-designation of Mr. Nrupesh Shah (DIN: 00397701), Executive Director of the Company as 'Managing Director - Corporate Affairs' with effect from October 26, 2023. Mr. Shah is having more than 35 years of diverse professional experience and deep insight in corporate affairs, strategic management, growth, financial performance improvement, Merger and Acquisition, finance, accounts, legal and secretarial matters. Mr. Shah played a key role in the company's growth and turn around during the difficult phase when the company was declared a sick in the year 2002. Mr. Shah was appointed as an Executive Director in the year 2002 and since then he has been serving as an executive director of the Company. He has contributed significantly to growth, financial performance, acquisitions and varied corporate matters. He played a very important and crucial role in turnaround of the Company. He brought established and makeshift transparency in financial, accounting and governance practices of the Company to boost the confidence of the lenders, investors and other stakeholders in the Company. He has played a pivotal role in setting higher standard in respect to relations with investors, analyst, other stakeholders. He represents the company before the various investor forum, analyst, and media. Mr. Shah is a Chartered Accountant (CA), Company Secretary (CS) and holds bachelor's degree in commerce with exceptionally bright academic career. Reported Earnings • Oct 27
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹5.06 (up from ₹4.67 in 2Q 2023). Revenue: ₹2.86b (up 4.4% from 2Q 2023). Net income: ₹350.0m (up 6.1% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Oct 19
Symphony Limited to Report Q2, 2024 Results on Oct 26, 2023 Symphony Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Annuncio • Sep 13
Symphony Limited Announces Senior Management Changes Symphony Limited announced the retirement of Mr. Vijay Joshi on attaining superannuation age, from the post of a CEO - India with effect from closing hours of business of September 11, 2023. The company also announced that Mr. Harshal Upadhyay, has been appointed as President - Operations of the Company in August 2022, as part of the succession planning and smooth transition of the charge from Mr. Joshi. He has successfully assumed the charge from Mr. Joshi over the last one year. Mr. Harshal Upadhyay is 51 years old and has professional experience of more than 28 years comprising of cross-functional experience in the Engineering industry with American and Japanese MNC and in diverse cultures. His core competencies include strategic tie ups/product management, factory operations, Leadership building, OEM sourcing and negotiations, supply chain. Prior to joining Symphony, he worked with Zamil Air conditioners, Saudi Arabia as Director - Business Development, responsible for strategic Tie ups/JVs and Product Management. He also worked with Intertek ETL Semko, Whirlpool, and Amtrex Hitachi Appliances Limited. He holds a bachelor's degree in mechanical engineering from Gujarat University, Ahmedabad. Annuncio • Aug 05
Symphony Limited Approves Final Dividend for the Financial Year 2022-23 Symphony Limited at the AGM held on August 4, 2023 approved final Dividend of INR 1.00 per share for the financial year 2022-23. Annuncio • Jul 28
Symphony Limited Declares First Interim Dividend for the Financial Year 2023-24, Payable on or Before August 25, 2023 Symphony Limited announced that at its board meeting held on July 27, 2023, declared first Interim Dividend of INR 1 (50%) per equity share having face value of INR 2 each for the financial year 2023-24. The interim dividend shall be payable to the shareholders on or before August 25, 2023. Reported Earnings • Jul 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹16.64 (down from ₹17.20 in FY 2022). Revenue: ₹11.9b (up 14% from FY 2022). Net income: ₹1.16b (down 3.2% from FY 2022). Profit margin: 9.8% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Jul 14
Upcoming dividend of ₹1.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 03 September 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Price Target Changed • May 08
Price target decreased by 11% to ₹1,032 Down from ₹1,154, the current price target is an average from 6 analysts. New target price is 16% above last closing price of ₹892. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹23.63 for next year compared to ₹15.65 last year. Reported Earnings • May 06
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹16.66 (down from ₹17.20 in FY 2022). Revenue: ₹12.4b (up 19% from FY 2022). Net income: ₹1.17b (down 2.8% from FY 2022). Profit margin: 9.5% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Annuncio • May 06
Symphony Limited Recommends Final Dividend for the Financial Year 2022-23 Symphony Limited announced that at the board meeting held on May 5, 2023, the company recommended final dividend of INR 1.00/- (50%) per equity share having face value of INR 2/- each for the financial year 2022-23. Annuncio • Feb 10
Symphony Limited Announces Launch of Air Cooler Range with BLDC Technology Symphony Limited introduced the world's first air cooler range with BLDC technology. Owing to rising incomes and improving standards of living, the power consumption needs of the country is only likely to rise going forward.Rising electricity consumption being a major cause for concern among the consumers, it was imperative for Symphony to address this issue. There was no other air cooler range in the market with BLDC technology and this need gap gave birth to Symphony `BLDC range'. The BLDC range of Symphony air coolers are equipped with BLDC motor that helps save electricity consumption upto 50%. Through innovative solutioning approach, company have also added new features in these coolers including seven speed option, upto 8 hours night sleep mode, etc. The BLDC product range is manufactured in India and the company has developed the complete ecosystem for supplies within the country. Symphony has always stayed focused on making innovation and comfort accessible to the masses. With the launch of BLDC range of air coolers, Symphony reinforces its commitment to creating sustainable air coolers for a greener tomorrow. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹5.51 (vs ₹2.96 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.51 (up from ₹2.96 in 3Q 2022). Revenue: ₹2.91b (up 42% from 3Q 2022). Net income: ₹390.0m (up 86% from 3Q 2022). Profit margin: 13% (up from 10% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Feb 09
Symphony Limited (BSE:517385) announces an Equity Buyback for 1,000,000 shares, representing 1.43% for INR 2,000 million. Symphony Limited (BSE:517385) announces a share repurchase program. Under the offer, the company will repurchase up to 1,000,000 shares, representing 1.43% of its issued share capital for a total of INR 2,000 million. The shares will be repurchased at a price of INR 2,000 per share. The program is subject to shareholder approval through postal ballot. As of February 6, 2023, the company had 6,99,57,000 issued and outstanding shares. Annuncio • Feb 02
Symphony Limited to Report Q3, 2023 Results on Feb 08, 2023 Symphony Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 08, 2023