NSE: SYMPHONY | BSE: 517385

Mid-range Performer

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902.80 -11.70 (-1.28%)

New 52W Low today

45,288 NSE+BSE Volume

NSE 26 Sep, 2025 3:31 PM (IST)

6,199.7

Market Cap

Below industry Median

0.8

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.

04 Apr 2018

902.80

-1.28%

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. has lost -43.61% in the last 1 Year

Symphony Ltd.

22 Feb 2018

902.80

-1.28%

SYMPHONY LIMITED

Hold: Symphony Ltd.

Geojit Research

Symphony posted robust performance in Q3FY18 with standalone revenue growth of 21% YoY in Q3FY18 driven by healthy growth in volumes. EBITDA margin surged by 255 bps YoY to 39.9% on the back of strong response to new product launches, premium models and benefit of cost optimisation. The company's continuous focus on new product launches and potential market share gains due to implementation of GST will augur well for revenue growth. We factor revenue CAGR of 20% over FY17-20E. The increasing demand for premium products will aid the company in sustaining...

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

Symphony Ltd.

31 Jan 2018

902.80

-1.28%

Symphony - Q3FY18 Result Update - New launches, better mix to drive growth

Buy: Symphony Ltd.

Target

Religare

Symphony Ltd delivered healthy set of numbers for Q3FY18 with net revenue & PAT growth (standalone) of 20.9% & 20.7% YoY, marginally above our estimates. Aided by lower material cost & overhead expenses (as a % to net revenue), EBITDA margins expanded by 255bps YoY to 39.9%, which was encouraging.

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

Symphony Ltd.

25 Jan 2018

902.80

-1.28%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

Revenues grew 20.8% YoY to | 217.6 crore (vs. I-direct estimate: | 216.8 crore) on account of healthy volume growth as dealers started re-stocking inventory before the summer season to gain higher discounts. The company launched two new range of products (namely Silver' & Diamond) with six variants. One fourth...

Symphony Ltd. has lost -20.80% in the last 6 Months

Symphony Ltd.

24 Nov 2017

902.80

-1.28%

Result Update Q2FY18 Symphony Ltd

Buy: Symphony Ltd.

Target

Religare

Symphony Ltd's net revenue growth of 22.5% YoY was healthy and in line with our estimates, while operating profit & PAT growth of 24.4% & 19.2% YoY was above our projections. EBITDA margin gained 55bps YoY at 34.8%, largely aided by improved mix.

Symphony Ltd. has lost -43.61% in the last 1 Year

Symphony Ltd.

01 Nov 2017

902.80

-1.28%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Symphony witnessed strong revenue growth of 22.5% YoY to | 184.3 crore largely due to robust volume growth led by re-stocking of inventory at dealer's levels post GST implementation. Gross margins expanded 135 bps during the quarter, partly offset by higher overhead expenses. The company continues to enjoy elevated operating margins 34.8% (inched up 55 bps in Q2FY18) Net profit witnessed growth of 19.2% to | 50.7 crore (I-direct...

Symphony Ltd. has lost -43.61% in the last 1 Year

Symphony Ltd.

23 Oct 2017

902.80

-1.28%

Symphony

Buy: Symphony Ltd.

Yes Securities

Symphony Ltd. has lost -43.61% in the last 1 Year

Symphony Ltd.

07 Sep 2017

902.80

-1.28%

Religare Investment Call - Symphony Ltd.

Buy: Symphony Ltd.

Religare

Incorporated in 1988, Symphony Ltd is the world's largest air cooler manufacturer. With a pan India network of 1,000 distributors & 30,000 retailers, Symphony offers a wide product range across residential air coolers, packaged air coolers and central air coolers.

Symphony Ltd. has lost -43.61% in the last 1 Year

Symphony Ltd.

17 Aug 2017

902.80

-1.28%

Symphony

Buy: Symphony Ltd.

Geojit BNP Paribas

Symphony is the largest air cooler manufacturer with a market share of ~50% in the organised market in India, a testimony of its strong brand equity. Symphony enjoys a strong R&D; advantage, thereby enabling the company to launch more than 40 new products in the last six years. Its asset light business model has enabled the company to sustain its EBITDA margin level above 20% and ROCE above 40% over the years. Introduction of premium range of air coolers will prove to be margin accretive in the long run. Hence, we estimate EBITDA margin of 27.6%/ 28% in FY18E/19E....

Symphony Ltd. is trading below all available SMAs

Symphony Ltd.

17 May 2017

902.80

-1.28%

Symphony Ltd

Buy: Symphony Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Symphony recorded strong sales growth of 33% YoY in Q4FY17 led by volume growth mainly due to the introduction of a new range of products (i-touch and pure) during the period. However, introductory...

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

Is Symphony Ltd. worth buying?

195 Votes:

Buy 77.44%

Sell 9.74%

Hold 12.82%

RESEARCH REPORTS

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