NSE: SYMPHONY | BSE: 517385

Mid-range Performer

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946.45 4.70 (0.50%)

Near 52W Low of ₹925.80

23,359 NSE+BSE Volume

NSE 19 Sep, 2025 11:20 AM (IST)

6,499.4

Market Cap

Below industry Median

0.9

Beta 1Year

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 2021

946.45

0.50%

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).

Symphony Ltd. has lost -36.19% in the last 1 Year

Symphony Ltd.

23 Jan 2021

946.45

0.50%

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. is trading below all available SMAs

Symphony Ltd.

25 Nov 2020

946.45

0.50%

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 all available SMAs

Symphony Ltd.

13 Nov 2020

946.45

0.50%

Result Update:Symphony

Hold: Symphony Ltd.

Recommendation Target

Axis Direct

We maintain a HOLD and value Symphony at 32X FY22E EPS of Rs 27 with a target of Rs 864 (vs. earlier TP of Rs 898).

Symphony Ltd. has an average target of 1082.00 from 2 brokers.

Symphony Ltd.

12 Nov 2020

946.45

0.50%

Symphony Ltd

Buy: Symphony Ltd.

ICICI Securities Limited

The standalone revenue (~65% of total sales) witnessed a slow recovery (only 56% of pre-Covid level) as channel inventory remained higher in Q2FY21 (channel inventory at 40% of pre-Covid volume). We continue to expect a strong H2FY21 for domestic markets amid low base and refilling of channel inventory. On the international front, the revenue growth at 4% was led by Climate Technologies (Australia). We model, revenue CAGR of 11% in FY20-23E supported by ~12% and 10% revenue CAGR in the overseas...

Symphony Ltd. has lost -36.19% in the last 1 Year

Symphony Ltd.

13 Aug 2020

946.45

0.50%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

Less impact of pandemic on overseas business Sharp fall in domestic revenue by 77% YoY was partly arrested by relative lower fall in oversees revenue by ~17% YoY. Hence, consolidated revenue fell ~47% YoY. While dealers managed to liquidate their inventory holding by ~60% in Q1FY21, management reiterated a demand recovery post lockdown relaxation. While we continue to expect H1FY21 to be challenging, recovery may start from H2FY21 onwards with lockdown restrictions easing. On domestic front, revenues may grow at 16% FY19-22E, driving overall...

Symphony Ltd. is trading below all available SMAs

Symphony Ltd.

11 Jun 2020

946.45

0.50%

SYMPHONY LIMITED

Accumulate: Symphony Ltd.

Target

Geojit BNP Paribas

We expects sales to recover from Q2FY21 onwards supported by new models of commercial and industrial coolers, once lockdown is lifted. We reiterate our ACCUMULATE rating on the stock with a target price of Rs. 1,006 based on 33x FY22E adj. EPS. Nation-wide lockdown slows down pace of topline growth In Q4FY20, Symphony reported revenue of Rs. 249cr, a rise of 6.0%YoY with its new product launches (6 commercial coolers, 2 industrial coolers, and 8 household coolers) during 2019 and product mix. On annual basis, the revenue grew to Rs. 1,103cr...

Symphony Ltd. has an average target of 1082.00 from 2 brokers.

Symphony Ltd.

02 Jun 2020

946.45

0.50%

Result Update:Symphony

Buy: Symphony Ltd.

Target

Axis Direct

Symphony's Q4FY20 revenues were in line with estimates. During the quarter Jan-Feb witnessed strong sales in anticipation of strong summer season; however the sales were impacted in second half of March due to lockdown.

Symphony Ltd. has an average target of 1082.00 from 2 brokers.

Symphony Ltd.

31 May 2020

946.45

0.50%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

Low base, inventory push drives domestic performance Despite revenue loss in March 2020, standalone revenue grew 12% YoY to | 154 crore due to low base and dealer stocking before the summer. While the management reiterated a strong summer demand for air coolers in May 2020 (post relaxation from lockdown), dealers managed to liquidate their inventory holding by ~40%. The company also launched a digital campaign to help liquidate channel inventory as well as company level inventory before the end of summer. We believe the H1FY21 would be very...

Symphony Ltd.'s price crossed below 30Day SMA today

Symphony Ltd.

25 Mar 2020

946.45

0.50%

Symphony Ltd

Buy: Symphony Ltd.

Recommendation Target

ICICI Securities Limited

January & February witnessed reasonable growth due to inventory build-up at the dealer's level. In March, the company is expected to be impacted negatively by the lockdown situation across states. Standalone sales for the last 10 days fell 10% YoY due to shutdown...

Symphony Ltd. is trading below all available SMAs

Is Symphony Ltd. worth buying?

195 Votes:

Buy 77.44%

Sell 9.74%

Hold 12.82%

RESEARCH REPORTS

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