SYMPHONY

Symphony Limited

Air-cooler brand with water heaters and other consumer appliances

Consumer Discretionary›Consumer Durables›Consumer Durables›Household Appliances

symphonylimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹550.70
Market cap
3,781 Cr
Stock P/E
Loss (TTM EPS ₹-20.34)
P/B
6.94
Dividend yield
2.2%
ROE (FY26)
-25.9%
ROCE (FY26)
-6.2%
Operating margin (FY26)
9.2%
Debt / equity (FY26)
0.26
OCF / EBITDA (FY26)
-65.3%
OCF / EBITDA (3Y)
56.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Symphony sells air coolers, along with water heaters, mainly in India, and management describes air cooling as its core leadership area.

Company snapshot

13thBy market cap

Ranked among 21 companies in Household Appliances.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Air Cooling and Other Appliances
100.4%
1,092 Cr145 Cr—
Assets classified as held for sale—0 Cr0 Cr—
Corporate Funds
2.9%
32 Cr32 Cr—

Shares add up to 103% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.26x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales275 Cr247 Cr332 Cr531 Cr315 Cr242 Cr488 Cr251 Cr163 Cr179 Cr338 Cr378 Cr
Operating expenses (approx.)234 Cr203 Cr275 Cr420 Cr251 Cr213 Cr381 Cr225 Cr139 Cr150 Cr288 Cr332 Cr
EBITDA41 Cr44 Cr57 Cr111 Cr64 Cr29 Cr107 Cr26 Cr24 Cr29 Cr50 Cr46 Cr
OPM %14.9%17.8%17.2%20.9%20.3%12.0%21.9%10.4%14.7%16.2%14.8%12.2%
Other income11 Cr15 Cr9 Cr9 Cr20 Cr7 Cr11 Cr21 Cr13 Cr8 Cr13 Cr13 Cr
Interest2 Cr3 Cr2 Cr3 Cr2 Cr2 Cr3 Cr0 Cr0 Cr0 Cr5 Cr3 Cr
Depreciation7 Cr6 Cr6 Cr5 Cr6 Cr6 Cr5 Cr2 Cr3 Cr2 Cr6 Cr6 Cr
Profit before tax43 Cr50 Cr58 Cr112 Cr76 Cr-18 Cr110 Cr51 Cr23 Cr29 Cr-157 Cr50 Cr
Tax %18.6%18.0%17.2%21.4%26.3%44.4%28.2%17.6%17.4%31.0%-38.9%20.0%
Net profit35 Cr41 Cr48 Cr88 Cr56 Cr-10 Cr79 Cr42 Cr19 Cr20 Cr-218 Cr40 Cr
EPS (₹)₹5.06₹5.91₹7.02₹12.76₹8.11₹-1.37₹11.39₹6.08₹2.76₹3.00₹-31.87₹5.77

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales765 Cr798 Cr844 Cr1,103 Cr900 Cr1,039 Cr1,188 Cr1,156 Cr1,576 Cr1,131 CrSign in free for the trailing twelve months
Operating expenses (approx.)566 Cr579 Cr712 Cr891 Cr761 Cr878 Cr1,050 Cr988 Cr1,265 Cr1,007 CrSign in free for the trailing twelve months
EBITDA199 Cr219 Cr132 Cr212 Cr139 Cr161 Cr138 Cr168 Cr311 Cr124 CrSign in free for the trailing twelve months
OPM %26.0%27.5%15.6%19.2%15.4%15.5%11.6%14.5%19.7%11.0%Sign in free for the trailing twelve months
Other income43 Cr54 Cr39 Cr54 Cr31 Cr40 Cr50 Cr51 Cr47 Cr61 CrSign in free for the trailing twelve months
Interest0.03 Cr2 Cr7 Cr11 Cr11 Cr9 Cr10 Cr10 Cr10 Cr16 CrSign in free for the trailing twelve months
Depreciation7 Cr7 Cr10 Cr21 Cr21 Cr24 Cr26 Cr26 Cr22 Cr20 CrSign in free for the trailing twelve months
Profit before tax235 Cr265 Cr130 Cr230 Cr131 Cr168 Cr152 Cr181 Cr280 Cr-59 CrSign in free for the trailing twelve months
Tax %29.2%27.3%30.0%20.9%18.3%28.0%23.7%18.2%23.9%-139.0%Sign in free for the trailing twelve months
Net profit166 Cr193 Cr91 Cr182 Cr107 Cr121 Cr116 Cr148 Cr213 Cr-141 CrSign in free for the trailing twelve months
EPS (₹)₹23.77₹27.52₹13.09₹25.98₹15.35₹17.20₹16.66₹21.43₹30.89₹-20.54Sign in free for the trailing twelve months
Dividend payout %————7.5%41.3%60.3%28.4%41.8%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves451 Cr598 Cr652 Cr625 Cr745 Cr826 Cr867 Cr735 Cr747 Cr531 Cr
Borrowings19 Cr26 Cr187 Cr174 Cr184 Cr221 Cr197 Cr147 Cr128 Cr144 Cr
Other liabilities121 Cr119 Cr214 Cr247 Cr272 Cr301 Cr326 Cr322 Cr445 Cr340 Cr
Total liabilities605 Cr757 Cr1,071 Cr1,064 Cr1,220 Cr1,367 Cr1,404 Cr1,218 Cr1,334 Cr1,029 Cr
Fixed assets (net)70 Cr72 Cr90 Cr135 Cr137 Cr137 Cr139 Cr118 Cr117 Cr136 Cr
CWIP——6 Cr2 Cr1 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments292 Cr422 Cr458 Cr412 Cr484 Cr500 Cr527 Cr373 Cr440 Cr275 Cr
Inventories77 Cr80 Cr119 Cr118 Cr119 Cr173 Cr250 Cr231 Cr284 Cr312 Cr
Trade receivables52 Cr62 Cr105 Cr121 Cr166 Cr208 Cr115 Cr168 Cr141 Cr151 Cr
Cash & bank43 Cr19 Cr26 Cr21 Cr35 Cr64 Cr54 Cr41 Cr35 Cr50 Cr
Other assets71 Cr102 Cr267 Cr255 Cr278 Cr285 Cr319 Cr287 Cr317 Cr105 Cr
Total assets605 Cr757 Cr1,071 Cr1,064 Cr1,220 Cr1,367 Cr1,404 Cr1,218 Cr1,334 Cr1,029 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity95 Cr107 Cr140 Cr157 Cr89 Cr57 Cr125 Cr161 Cr259 Cr-81 Cr
Cash from investing-65 Cr-102 Cr-250 Cr78 Cr-53 Cr6 Cr-12 Cr192 Cr-41 Cr190 Cr
Cash from financing-5 Cr-29 Cr118 Cr-241 Cr-22 Cr-34 Cr-123 Cr-366 Cr-224 Cr-94 Cr
Net cash flow25 Cr-25 Cr7 Cr-6 Cr14 Cr29 Cr-10 Cr-13 Cr-6 Cr15 Cr
Free cash flow (OCF − Capex)85 Cr96 Cr128 Cr137 Cr70 Cr48 Cr114 Cr153 Cr236 Cr-100 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %48.5%41.8%16.0%29.5%15.0%16.6%15.0%21.3%32.6%-6.2%
ROE %35.8%31.5%13.7%28.3%14.0%14.2%13.3%19.8%28.0%-25.9%
Debtor days25284540677335533349
Inventory days3073081751641823185146259751042
Days payable217226191160199274341403615431
Cash conversion cycle114110294450117208275393660
OCF / EBITDA %47.7%48.7%105.7%74.0%64.0%35.4%90.6%95.8%83.3%-65.3%
OCF / EBITDA % (3 years)——62.0%71.6%79.8%59.2%61.9%73.4%88.3%56.2%
Debt / equity0.040.040.280.270.240.260.220.200.170.26
Current ratio3.133.722.312.052.532.301.801.611.231.52
Net debt / EBITDA-0.120.031.220.721.070.981.040.630.300.76