NSE: SYMPHONY | BSE: 517385

Expensive Performer

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1157.15 4.10 (0.36%)

38.48% Fall from 52W High

119.9K NSE+BSE Volume

NSE 21 Mar, 2025 3:31 PM (IST)

7,946.3

Market Cap

Below industry Median

0.7

Beta 1Year

Very Low volatility

Symphony Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SYMPHONY, BSE:517385 Symphony Ltd.

Symphony Ltd.

27 Jan 2022

1157.15

0.36%

HSIE Results Daily: Symphony

Symphony Ltd.

HDFC Securities

We value the stock at 35x P/E on 24E EPS and derive a TP of INR 1,200. Maintain ADD. Symphony: Symphony's domestic business remained under pressure (a miss in revenue) due to high channel inventory and weak trade sentiment. Domestic revenue was at INR 1,210mn (HSIE INR 1,625mn), up +3/-10% YoY/QoQ, down 7% on a two-year CAGR. Exports were at INR 250mn (HSIE INR 212mn) vs. INR 60mn YoY. Despite strong exports, RoW revenue was down 14% YoY. CT Australia was impacted massively (20% down YoY) by the lockdown in the domestic market while business in the US performed well. Gross margin contracted 536bps YoY (-8bps in Q3FY21, +36bps in Q2FY22, HSIE +81bps) to 43.8%. EBITDA margin came in at 21.9% (HSIE 28.5%), declining 9% YoY (HSIE +49%). With two back-to-back weak seasons (lockdown impact) in India, trade partners are more cautious in building up inventory. There is a possibility of demand spilling over from Q4FY22 to Q1FY23 in normal season too. Thereby, we cut our FY22 EPS by 19% and FY23/FY24 by 9%.

Symphony Ltd. has an average target of 1519.00 from 1 broker.

Symphony Ltd.

27 Jan 2022

1157.15

0.36%

Symphony Ltd

Hold: Symphony Ltd.

Target

ICICI Securities Limited

About the stock: Symphony is the world's largest manufacturer of air coolers with Symphony is the market leader in the air-cooling business with a strong distribution network of ~30,000+ dealers, ~1000+ distributors and...

Number of FII/FPI investors increased from 165 to 188 in Dec 2024 qtr.

Symphony Ltd.

02 Nov 2021

1157.15

0.36%

SYMPHONY LIMITED

Buy: Symphony Ltd.

Recommendation Target

Geojit BNP Paribas

Symphony Limited, and its subsidiaries are engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in the domestic and international markets. Company operates through two segments: Air Coolers and Corporate Funds. It offers air coolers in various...

Symphony Ltd. is trading above its 30 day SMA of 1147.8

Symphony Ltd.

28 Oct 2021

1157.15

0.36%

Symphony Ltd

Hold: Symphony Ltd.

Target

ICICI Securities Limited

Increased rural electrification and urbanisation will augment growth in the Indian air cooler market. Residential air cooler industry will get a boost from ~1.7 crore new houses under PMAY Industrial air-cooling market is worth ~| 10,000 crore and Symphony being the only branded player in this segment stands to take advantage of it...

Symphony Ltd. has gained 40.64% in the last 1 Year

Symphony Ltd.

27 Jul 2021

1157.15

0.36%

Symphony Ltd

Hold: Symphony Ltd.

Target

ICICI Securities Limited

Better gross margins (up 452 bps YoY) helped turned EBITDA positive at 4.3% vs. -3.2% in Q1FY21. However, lower-than-expected EBITDA margin is mainly due to higher advertisement expense (3x jump YoY)...

Symphony Ltd. has an average target of 1519.00 from 1 broker.

Symphony Ltd.

30 Apr 2021

1157.15

0.36%

SYMPHONY LIMITED

Accumulate: Symphony Ltd.

Target

Geojit BNP Paribas

Symphony Ltd, and its subsidiaries are engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in domestic and international markets. Company operates through two segments: Air Coolers and Corporate Funds. It offers air coolers in various...

Symphony Ltd. has gained 40.64% in the last 1 Year

Symphony Ltd.

28 Apr 2021

1157.15

0.36%

Result Update:Symphony

Buy: Symphony Ltd.

Recommendation Target

Axis Direct

We value Symphony at 40X FY23E EPS of Rs 35.8 with a target of Rs 1,430 (vs. earlier TP of Rs 1,062). The risk to our call a) Slower than expected domestic recovery due to intermittent lockdowns and b) Losses from overseas subsidiaries.

Symphony Ltd. is trading above its 30 day SMA of 1147.8

Symphony Ltd.

02 Feb 2021

1157.15

0.36%

SYMPHONY LIMITED

Accumulate: Symphony Ltd.

Target

Geojit BNP Paribas

Symphony Limited, and its subsidiaries are engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in the domestic and international markets. The Company operates through two segments: Air Coolers and Corporate Funds. It offers air coolers in various...

Symphony Ltd. is trading below its 50 day SMA of 1202.8

Symphony Ltd.

27 Jan 2021

1157.15

0.36%

Result Update:Symphony

Hold: Symphony Ltd.

Target

Axis Direct

We maintain a HOLD valuing Symphony at 30X FY23E of 35.4 arriving at a target price of Rs 1062(vs. Rs 864 earlier).

Number of FII/FPI investors increased from 165 to 188 in Dec 2024 qtr.

Symphony Ltd.

23 Jan 2021

1157.15

0.36%

Symphony Ltd

Hold: Symphony Ltd.

Recommendation Target

ICICI Securities Limited

Symphony's standalone and overseas business has seen a gradual recovery on a QoQ basis, however YoY recovery was still ~74% of previous year. According to company, the trade sentiments in the domestic markets were positive and company has witnessed stock out situation in some of the geographies. The inventory level is normalised with channel partners and the company expects good volume offtake from Q4FY21 onwards. On the subsidiaries front, Climate Technologies Australia performance remained impacted due to supply issues & lower operating leverage. The management...

Symphony Ltd. has an average target of 1519.00 from 1 broker.

No results found

Is Symphony Ltd. worth buying?

184 Votes:

Buy 76.63%

Sell 10.33%

Hold 13.04%

RESEARCH REPORTS

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