NSE: SYMPHONY | BSE: 517385

Expensive Performer

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1161.70 19.40 (1.70%)

38.24% Fall from 52W High

153.9K NSE+BSE Volume

NSE 17 Apr, 2025 3:31 PM (IST)

7,977.6

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 Jul 2018

1161.70

1.70%

Symphony Limited - Q1FY19 Result Update - Dismal quarter; growth challenges to persist in near term

Buy: Symphony Ltd.

Target

Religare

Symphony Ltd's Q1FY19 standalone numbers were disappointing and significantly below our estimates on all parameters. Weak summer impacted the domestic Air Coolers business sharply and resulted in 39.2% YoY decline in revenue growth. Significantly higher A&P spends and operating de-leverage resulted in a sharp contraction of 1412bps YoY in EBITDA margins. PAT de-grew by 79.2%.

Symphony Ltd. has lost -34.89% in the last 6 Months

Symphony Ltd.

27 Jul 2018

1161.70

1.70%

Symphony

Buy: Symphony Ltd.

Target

KRChoksey

Symphony Ltd posted its Q1FY19 results which were below our estimates. Net revenue for the quarter stood at INR 1.46 Bn (-23% YoY). The un-seasonal rainfall in some parts of India impacted the volume sales resulting de-growth during the quarter. EBIDTA for Q1FY19 stood at INR 170 Mn (-39% YoY), with OPM at 11.6% (-309 bps YoY). The EBITDA was affected due to higher levels of inventory and...

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

Symphony Ltd.

25 Jul 2018

1161.70

1.70%

Symphony (1QFY19): Down, but not out... Maintain BUY

Buy: Symphony Ltd.

Target

HDFC Securities

At 45x Jun-20 EPS, our TP is at Rs 1,734 (earlier 2,031). We maintain BUY. Symphony posted disappointing 1Q performance on all fronts. Domestic revenue contracted by 41% (exp. 5% down) despite a favorable base (18% decline in 1QFY18). Standalone EBITDA/PAT was down by 95/79%. On the brighter side, subsidiaries (Mexico and China) revenues grew by ~10%.

Symphony Ltd. has lost -34.89% in the last 6 Months

Symphony Ltd.

25 Jul 2018

1161.70

1.70%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

The standalone performance of Symphony was much below our estimate due to lower volume growth impacted by bad weather condition for cooling products. Revenue dip of ~39% YoY to | 79 (I-direct estimate of | 144 crore) on account of poor volume offtake as dealers refrain from building new inventories in the wake of weak summer across the country. The fall in domestic sales volume impacted the consolidated performance however its...

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

Symphony Ltd.

26 Jun 2018

1161.70

1.70%

Symphony Ltd

Buy: Symphony Ltd.

ICICI Securities Limited

Symphony Ltd has signed an agreement to purchase ~95% equity stake in Australia based Climate Technologies Pty Ltd (CTPL) for an enterprise value of | 201-221 crore (based on FY18 EBITDA). The company plans to finance the acquisition through a mix of debt (| 121 crore) and internal cash accruals (| 76 crore). Started in 1979, CTPL manufactures and sells evaporative air coolers (topline contribution of ~54%), ducted gas heaters (topline contribution of ~40%) and other cooling products (like air conditioners) in Australia and US. With the strong brand of Bonaire' and...

Symphony Ltd. is trading above its 50 day SMA of 1160.9

Symphony Ltd.

25 Jun 2018

1161.70

1.70%

Symphony (Update): Financially prudent deal. Maintain BUY

Buy: Symphony Ltd.

Target

HDFC Securities

At 45x June-20 EPS, our TP is at Rs 2,059 (earlier 1,949). Maintain BUY. Symphony has signed an agreement to acquire 95% stake in Australia-based Climate Technologies Ltd (CT). The deal EV is ~Rs 2.01-2.21bn (A$ 40-44mn). At FY18P earnings, the deal is valued at EV/sales of 0.73-0.80x, EV/EBITDA of 7.3-7.8x and P/E of 9-10x. We expect this deal will add ~4% to Symphonys EPS in FY19E (9m consol impact) and ~5% for FY20/FY21E.

Symphony Ltd. is trading below its 100 day SMA of 1240.7

Symphony Ltd.

04 Jun 2018

1161.70

1.70%

Symphony Limited - Q4FY18 Result Update - Muted quarter, but growth story not over

Buy: Symphony Ltd.

Target

Religare

Symphony Ltd reported subdued Q4FY18 numbers (standalone) with net revenue & PAT de-growth of 14% & 8.1% YoY, below our estimates. However, EBITDA declined marginally by 0.1% YoY, while EBITDA margins expanded by 446bps YoY, aided by higher gross margins (driven by price hikes), moderation in Ad spends and decline in the other expenses.

Symphony Ltd. is trading below its 100 day SMA of 1240.7

Symphony Ltd.

23 May 2018

1161.70

1.70%

Symphony (4QFY18): Geared for version 3.0. Maintain BUY

Buy: Symphony Ltd.

Target

HDFC Securities

We cut our EPS estimates by 8% to factor in weak summer 2018. At 45x Mar-20 EPS, our TP is at Rs 1,983 (earlier 2,150). We maintain BUY. Symphony reported a washout quarter with revenue declining by 14% to Rs 1.55bn on account of erratic summer. GM and EBITDA margins recovered partially from the impact of the launch (promo. offer) of Touch series in the base quarter, leading to 0/-8% growth in EBITDA/APAT. Twin blows (1Q and 4Q) by consecutive weak summer impacted Symphonys consol. revenues (up only 4%) during FY18 (industry was flat to negative).

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

Symphony Ltd.

23 May 2018

1161.70

1.70%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

Revenues declined 14% YoY to | 155 crore (vs. I-direct estimate: | 230 crore) on account of poor volume offtake as dealers refrain from building new inventories in the wake of weak summer across the country. The company has taken a price hike on selected range of air coolers (especially in i-touch) to increase the contribution margin of the products. The company launched two...

Number of FII/FPI investors decreased from 188 to 161 in Mar 2025 qtr

Symphony Ltd.

04 Apr 2018

1161.70

1.70%

Symphony (Initiating Coverage): Cooling remains a hot business. BUY

Buy: Symphony Ltd.

HDFC Securities

Our valuation is based on 45x Mar-20 EPS, yielding a TP of Rs 2,150. Initiate coverage with a BUY. Symphony, once an almost bankrupt company, has risen from the ashes and become the global leader in air coolers. After suffering financial stress and restructuring, post 2005 the company focussed on a one product, many markets strategy. This has worked out well and revenues/EBITDA/APAT grew at 35/49/54% CAGR during the last 10 years.

Symphony Ltd. is trading below its 100 day SMA of 1240.7

Is Symphony Ltd. worth buying?

185 Votes:

Buy 76.76%

Sell 10.27%

Hold 12.97%

RESEARCH REPORTS

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