Symphony Limited manufactures and trades in residential, commercial, and industrial air coolers in India and internationally.
High growth potential with excellent balance sheet.
Share Price & News
How has Symphony's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 517385 has not had significant price volatility in the past 3 months.
7 Day Return
IN Consumer Durables
1 Year Return
IN Consumer Durables
Return vs Industry: 517385 underperformed the Indian Consumer Durables industry which returned 36.2% over the past year.
Return vs Market: 517385 exceeded the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is Symphony's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Symphony undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 517385 (₹1379.2) is trading above our estimate of fair value (₹578.7)
Significantly Below Fair Value: 517385 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 517385 is poor value based on its PE Ratio (66x) compared to the Consumer Durables industry average (23x).
PE vs Market: 517385 is poor value based on its PE Ratio (66x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: 517385 is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: 517385 is overvalued based on its PB Ratio (13.3x) compared to the IN Consumer Durables industry average (1.4x).
How is Symphony forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 517385's forecast earnings growth (24.4% per year) is above the savings rate (6.5%).
Earnings vs Market: 517385's earnings (24.4% per year) are forecast to grow faster than the Indian market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 517385's revenue (18.4% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 517385's revenue (18.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 517385's Return on Equity is forecast to be high in 3 years time (31.4%)
How has Symphony performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 517385 has a high level of non-cash earnings.
Growing Profit Margin: 517385's current net profit margins (13.4%) are lower than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: 517385's earnings have declined by -2.8% per year over the past 5 years.
Accelerating Growth: 517385's earnings growth over the past year (15.6%) exceeds its 5-year average (-2.8% per year).
Earnings vs Industry: 517385 earnings growth over the past year (15.6%) underperformed the Consumer Durables industry 15.6%.
Return on Equity
High ROE: 517385's Return on Equity (19.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Symphony's financial position?
Financial Position Analysis
Short Term Liabilities: 517385's short term assets (₹8.4B) exceed its short term liabilities (₹4.1B).
Long Term Liabilities: 517385's short term assets (₹8.4B) exceed its long term liabilities (₹1.7B).
Debt to Equity History and Analysis
Debt Level: 517385's debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 517385's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 517385's debt is well covered by operating cash flow (150.9%).
Interest Coverage: 517385 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 517385 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 517385's debt is covered by short term assets (assets are 4.9x debt).
What is Symphony's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 517385's dividend (0.33%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 517385's dividend (0.33%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).
Stability and Growth of Payments
Stable Dividend: 517385's dividend payments have been volatile in the past 10 years.
Growing Dividend: 517385's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.1%), 517385's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 517385's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Achal Bakeri (59yo)
Mr. Achal Anil Bakeri, MBA founded Symphony Limited in 1988 and serves as its Chairman and Managing Director. Mr. Bakeri is a Non-Executive Independent Director of Arvind Fashions Limited. Mr. Bakeri serve ...
CEO Compensation Analysis
Compensation vs Market: Achal's total compensation ($USD331.81K) is below average for companies of similar size in the Indian market ($USD640.58K).
Compensation vs Earnings: Achal's compensation has been consistent with company performance over the past year.
|Executive Director||17.3yrs||₹10.03m||0.52% ₹493.7m|
|Woman Independent Non Executive Director||1yrs||₹40.00k||no data|
|Independent Director||0.6yrs||no data||no data|
|Non-Executive Director||5.5yrs||no data||0.0021% ₹2.0m|
|Lead Independent Director||0yrs||₹200.00k||no data|
|lndependent Director||1.8yrs||₹140.00k||no data|
Experienced Board: 517385's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Symphony Limited's company bio, employee growth, exchange listings and data sources
- Name: Symphony Limited
- Ticker: 517385
- Exchange: BSE
- Founded: 1988
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: ₹95.600b
- Shares outstanding: 69.96m
- Website: https://www.symphonylimited.com
Number of Employees
- Symphony Limited
- Symphony House
- Third Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|517385||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2002|
|SYMPHONY||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jan 2002|
Symphony Limited manufactures and trades in residential, commercial, and industrial air coolers in India and internationally. The company offers residential and mobile commercial air coolers; packaged air coolers for various commercial, industrial, and residential uses; and central air cooling products for use in open and semi-open spaces in industries and commercial premises. It sells its products through a network of distributors, retailers, and e-commerce portals primarily under the Symphony brand name in approximately 60 countries. The company was formerly known as Symphony Comfort Systems Ltd. and changed its name to Symphony Limited in June 2010. Symphony Limited was founded in 1988 and is headquartered in Ahmedabad, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 12:46|
|End of Day Share Price||2020/02/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.