NSE: SYMPHONY | BSE: 517385

Expensive Performer

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1134.00 -39.30 (-3.35%)

39.71% Fall from 52W High

138.2K NSE+BSE Volume

NSE 25 Mar, 2025 3:31 PM (IST)

7,787.3

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.

24 May 2019, 12:00AM

1134.00

-3.35%

Symphony Ltd

Hold: Symphony Ltd.

ICICI Securities Limited

The EBITDA margin remained under pressure in FY19 largely due to lower gross margin. We model improvement in consolidated EBITDA margin (at 23-24% in FY20E-21E against ~16% recorded in FY19) led by a recovery in domestic performance (at ~29% in FY20E-21E against ~26% recorded in...

Symphony Ltd. is trading below all available SMAs

Symphony Ltd.

23 May 2019

1134.00

-3.35%

Symphony (4QFY19): Pain behind, FY20 is bright. Maintain BUY

Buy: Symphony Ltd.

Target

HDFC Securities

A key concern for investors over the last 2 years has been that there is no growth in air coolers. We remain contrarians, as we believe performance was primarily impacted due to seasonality factors rather loosing market share by Symphony. Summer 2019 confirms our thesis that there are 2 types of consumers in India (AC and Air cooler). A consumer will purchase coolers when summer is strong (impulse based). With trade inventory now at lower levels, Symphony will enjoy off-season stocking, opportunity to launch tech-rich coolers and benefit from a favorable base. Besides, its international performance will improve given the various initiatives undertaken Symphonys weak 4Q performance was largely in-line, given the spillover impact from an erratic summer in 2018. We remain constructive driven by positives like (a) Beat on domestic volume growth, (b) Clearance of channel inventory, (c) Healthy 1Q offtake across geographies (few exceptions like NCR, part of Rajasthan) and channels, and (d) New launches returned after a gap of 2 years. Our estimates cut by 5% to factor weak CT performance. We value the co. at 45x on Mar-21 EPS, arriving at a TP of Rs 1,643. We believe at current price, the risk-reward is favorable.

Symphony Ltd. has lost -28.39% in the last 6 Months

Symphony Ltd.

25 Mar 2019, 12:00AM

1134.00

-3.35%

Pick of the Week:25 MAR 2019

Buy: Symphony Ltd.

Target

Axis Direct

Symphony Ltd. has lost -28.39% in the last 6 Months

Symphony Ltd.

28 Feb 2019

1134.00

-3.35%

Initiating Coverage:Symphony

Buy: Symphony Ltd.

Axis Direct

Rising per capita income, Increased electrification, Untapped opportunities, Rising temperature necessitates cooling solutions, We value Symphony Ltd at 45x FY21E to arrive at price target of Rs 1680 giving an upside of 37%

Symphony Ltd. has gained 30.65% in the last 1 Year

Symphony Ltd.

06 Feb 2019

1134.00

-3.35%

Symphony (3QFY19): All eyes on summer 2019. Maintain BUY

Buy: Symphony Ltd.

HDFC Securities

We maintain BUY. Symphony reported a weak but in-line performance in a non-seasonal quarter. Domestic revenues contracted by 33% (+27% in 3QFY18; -21% in 2QFY19) vs. exp. of -25% owing to high channel inventory. Standalone EBITDA/PAT grew by -45/-36% vs. expectations of -30/-26%.

Symphony Ltd. is trading below all available SMAs

Symphony Ltd.

06 Feb 2019

1134.00

-3.35%

Symphony Ltd

Hold: Symphony Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The standalone performance of Symphony in Q3FY19 was much below our estimate (as revenue, earnings fell 27%, 35% YoY, respectively) led by lower domestic volume offtake and change in product mix. On the overseas front, Q3 tends to be a weak quarter for two subsidiaries in Mexico and China while recently acquired Climate Technology Australia recorded six-month revenue of | 141 crore, with EBITDA margin of ~6%, PAT of | ~4 crore. As a result,...

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

Symphony Ltd.

04 Dec 2018

1134.00

-3.35%

SYMPHONY LIMITED

Hold: Symphony Ltd.

Target

Geojit BNP Paribas

Due to spill over impact of bad summer, Symphony posted sharp ~20% YoY decline in standalone revenue in Q2FY19 as a result of lower volume offtake. Although EBITDA margin showed a smart recovery sequentially in Q2FY19, it...

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

Symphony Ltd.

19 Nov 2018

1134.00

-3.35%

Symphony Ltd. - Q2FY19 Result Update - Muted quarter; expect a gradual revival going forward

Buy: Symphony Ltd.

Target

Religare

Symphony Ltd reported mix set of numbers for Q2FY19. While revenue growth was in-line with our projection, the company disappointed on the profit front. At the consolidated level, revenue grew by 5.2%, aided by first time consolidation of Climate Technologies, while EBITDA & APAT declined by 31.7% & 30% YoY respectively.

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

Symphony Ltd.

31 Oct 2018

1134.00

-3.35%

Symphony (2QFY19): Core strength persists Maintain BUY

Buy: Symphony Ltd.

Target

HDFC Securities

We value at 45x Sep-20 EPS, our TP is at Rs 1,682. We maintain BUY. Symphony reported weak but in-line performance in a non-seasonal quarter. Domestic revenues contracted by 21% (-41% in 1QFY19, +26% in 2QFY18) vs. exp. of 14% dip owing to high channel inventory. EBITDA/PAT declined by 30/27% vs. expected fall of 24/23%.

Symphony Ltd. is trading below all available SMAs

Symphony Ltd.

31 Oct 2018

1134.00

-3.35%

Symphony Ltd

Hold: Symphony Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The standalone performance of Symphony in Q2FY19 was much below our estimate due to lower volume offtake (as dealers refrained from build-up of new inventories due to low demand of cooling products) and trade discounts to support dealers. First time consolidation of Climate Technology post acquisition, recorded revenue of | 56 crore, nominal PAT of | 20 lakh in the quarter. However, the sharp fall in domestic sales volume weighed on the...

Symphony Ltd. has lost -28.39% in the last 6 Months

No results found

Is Symphony Ltd. worth buying?

185 Votes:

Buy 76.76%

Sell 10.27%

Hold 12.97%

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