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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 517385 | NSE: SYMPHONY

Symphony Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 20, 2024, 8:59 pm

Market Cap 9,628 Cr.
Current Price 1,396
High / Low1,881/820
Stock P/E41.3
Book Value 106
Dividend Yield0.93 %
ROCE18.8 %
ROE18.0 %
Face Value 2.00
PEG Ratio-11.15

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Symphony Ltd

Competitors of Symphony Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IKIO Lighting Ltd 1,946 Cr. 252364/24536.2 71.20.40 %21.7 %17.5 % 10.0
Elin Electronics Ltd 1,022 Cr. 206282/12960.6 1040.00 %5.08 %2.75 % 5.00
CWD Ltd 249 Cr. 6881,144/601136 58.70.00 %7.92 %4.56 % 10.0
Calcom Vision Ltd 165 Cr. 122184/104212 56.50.00 %6.43 %1.83 % 10.0
Whirlpool of India Ltd 23,300 Cr. 1,8372,450/1,18674.1 2980.27 %9.07 %6.36 % 10.0
Industry Average22,135.92 Cr1,798.8782.18122.400.21%16.36%14.07%6.31

All Competitor Stocks of Symphony Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales230220205384329274277308302275247332531
Expenses220181175302295237233285276234203275420
Operating Profit103930823437442326414457111
OPM %4%18%15%21%10%14%16%7%9%15%18%17%21%
Other Income897161214141014111599
Interest2232223332323
Depreciation6666667777665
Profit before tax104028903843482330435058112
Tax %40%25%25%29%24%26%19%30%20%19%18%17%21%
Net Profit6302164293239162435414888
EPS in Rs0.864.293.009.014.154.725.572.293.485.085.956.9612.76

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthJun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3474875254467647988441,1039001,0391,1881,156
Expenses2693643933095655797118897598771,048985
Operating Profit78123132136199220133213140162140171
OPM %22%25%25%31%26%28%16%19%16%16%12%15%
Other Income181634334354155124405048
Interest10101281312101212
Depreciation444477102121242626
Profit before tax91135161165235265130230131168152181
Tax %34%22%28%28%29%27%30%21%18%28%24%18%
Net Profit6010611611816619392182107121116148
EPS in Rs8.5915.1016.5616.9123.7727.5213.1925.9415.3417.2016.6421.48
Dividend Payout %38%43%42%74%19%16%34%89%33%52%30%61%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)40.68%16.27%-52.33%97.83%-41.21%13.08%-4.13%27.59%
Change in YoY Net Profit Growth (%)0.00%-24.41%-68.60%150.16%-139.03%54.29%-17.22%31.72%

Symphony Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:7%
3 Years:9%
TTM:23%
Compounded Profit Growth
10 Years:10%
5 Years:6%
3 Years:9%
TTM:102%
Stock Price CAGR
10 Years:3%
5 Years:3%
3 Years:10%
1 Year:58%
Return on Equity
10 Years:23%
5 Years:18%
3 Years:15%
Last Year:18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:32 pm

MonthJun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital7777141414141414141414
Reserves215269299312451598652625745825867735716
Borrowings00001926188210219254232170172
Other Liabilities94118116104121119211215236267281291561
Total Liabilities3163934234226057571,0651,0641,2141,3611,3941,2101,463
Fixed Assets707068777982237318354355351327339
CWIP4803006200000
Investments99199242162292422458412484500527373677
Other Assets144117112180234252363332375506516510447
Total Assets3163934234226057571,0651,0641,2141,3611,3941,2101,463

Reserves and Borrowings Chart

Cash Flow

MonthJun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +679010489951071401578957125162
Cash from Investing Activity +-34-60-3770-65-102-25078-536-12193
Cash from Financing Activity +-30-33-66-145-5-29118-241-21-34-124-367
Net Cash Flow4-311325-257-61429-10-12

Free Cash Flow

MonthJun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow78.00123.00132.00136.00180.00194.00-55.003.00-79.00-92.00-92.001.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters73.25%73.25%73.25%73.25%73.25%73.25%73.38%73.38%73.38%73.38%73.38%73.42%
FIIs4.31%4.49%4.33%4.03%4.01%3.74%3.62%3.81%3.40%3.32%4.83%6.11%
DIIs10.02%10.05%10.89%11.14%11.22%11.10%10.69%10.44%11.03%10.27%9.98%8.96%
Public12.42%12.21%11.53%11.59%11.53%11.91%12.29%12.34%12.17%13.02%11.80%11.51%
No. of Shareholders58,35258,53853,36452,37751,9601,39,98068,35566,71167,66072,43954,9602,02,229

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
UTI Value Fund734,7840.8269.125,8102024-11-2012546.88%
Axis ELSS Tax Saver Fund728,3330.268.515,8102024-11-2012435.85%
Franklin India Smaller Companies Fund292,1580.2327.485,8102024-11-204928.54%
Axis ESG Integration Strategy Fund83,3020.587.845,8102024-11-201333.77%
UTI Conservative Hybrid Fund40,0000.243.765,8102024-11-20588.47%
Nippon India Nifty Smallcap 250 Index Fund11,4400.11.085,8102024-11-2096.9%
Motilal Oswal Nifty Smallcap 250 Index Fund6,9930.10.665,8102024-11-2020.36%
SBI Nifty Smallcap 250 Index Fund5,8100.10.555,8102024-11-200%
Motilal Oswal Nifty 500 Index Fund6920.010.075,8102024-11-20-88.09%
Edelweiss Nifty Smallcap 250 Index Fund3150.10.035,8102024-11-20-94.58%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)21.4316.6417.2015.3525.98
Diluted EPS (Rs.)21.4316.6417.2015.3525.98
Cash EPS (Rs.)25.2320.3520.7318.4129.01
Book Value[Excl.RevalReserv]/Share (Rs.)108.63125.93120.77109.2191.99
Book Value[Incl.RevalReserv]/Share (Rs.)108.63125.93120.77109.2191.99
Revenue From Operations / Share (Rs.)167.67169.77148.55128.64157.63
PBDIT / Share (Rs.)31.8626.9628.6824.3638.07
PBIT / Share (Rs.)28.1123.1825.2221.3035.05
PBT / Share (Rs.)26.2421.7223.9518.7532.95
Net Profit / Share (Rs.)21.4816.5717.2815.3525.99
NP After MI And SOA / Share (Rs.)21.4816.6417.2015.3525.94
PBDIT Margin (%)19.0015.8819.3018.9424.15
PBIT Margin (%)16.7613.6516.9816.5522.23
PBT Margin (%)15.6512.7916.1214.5720.90
Net Profit Margin (%)12.819.7511.6311.9316.48
NP After MI And SOA Margin (%)12.819.8011.5711.9216.45
Return on Networth / Equity (%)19.7713.2114.3314.1328.38
Return on Capital Employeed (%)23.2416.1517.5715.7532.29
Return On Assets (%)12.168.298.808.8017.04
Long Term Debt / Equity (X)0.070.090.130.180.11
Total Debt / Equity (X)0.190.220.260.240.27
Asset Turnover Ratio (%)0.880.710.570.500.78
Current Ratio (X)1.611.802.302.532.05
Quick Ratio (X)1.011.181.822.101.67
Inventory Turnover Ratio (X)0.560.000.000.040.38
Dividend Payout Ratio (NP) (%)27.9260.090.000.0094.45
Dividend Payout Ratio (CP) (%)23.7848.960.000.0084.59
Earning Retention Ratio (%)72.0839.910.000.005.55
Cash Earning Retention Ratio (%)76.2251.040.000.0015.41
Interest Coverage Ratio (X)21.0818.4422.4915.9124.93
Interest Coverage Ratio (Post Tax) (X)15.4512.3314.5511.6918.39
Enterprise Value (Cr.)5953.917242.137834.178991.195685.75
EV / Net Operating Revenue (X)5.156.107.549.995.16
EV / EBITDA (X)27.1138.4039.0552.7621.35
MarketCap / Net Operating Revenue (X)5.065.987.399.825.02
Retention Ratios (%)72.0739.900.000.005.54
Price / BV (X)7.818.069.1411.648.66
Price / Net Operating Revenue (X)5.065.987.399.825.02
EarningsYield0.020.010.010.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Symphony Ltd as of November 21, 2024 is: 795.33

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Symphony Ltd is Overvalued by 43.03% compared to the current share price 1,396.00

Intrinsic Value of Symphony Ltd as of November 21, 2024 is: 765.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Symphony Ltd is Overvalued by 45.14% compared to the current share price 1,396.00

Last 5 Year EPS CAGR: -3.70%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Symphony Ltd:
    1. Net Profit Margin: 12.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 23.24% (Industry Average ROCE: 16.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 19.77% (Industry Average ROE: 14.07%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 15.45
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.01
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 41.3 (Industry average Stock P/E: 82.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.19
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Symphony Ltd. is a Public Limited Listed company incorporated on 05/02/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L32201GJ1988PLC010331 and registration number is 010331. Currently Company is involved in the business activities of Wholesale of other electronic equipments and parts thereof. Company’s Total Operating Revenue is Rs. 641.31 Cr. and Equity Capital is Rs. 13.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsSymphony House, Third Floor, FP-12, Ahmedabad Gujarat 380059investors@symphonylimited.com
http://www.symphonylimited.com
Management
NamePosition Held
Mr. Achal BakeriChairman & Managing Director
Mr. Nrupesh ShahManaging Director
Mr. Amit KumarExecutive Director & Group CEO
Mr. Jonaki BakeriNon Executive Director
Mr. Naishadh ParikhIndependent Director
Mr. Ashish DeshpandeIndependent Director
Mrs. Reena BhagwatiIndependent Director
Mr. Santosh NemaIndependent Director

FAQ

What is the latest intrinsic value of Symphony Ltd?

The latest intrinsic value of Symphony Ltd as on 21 November 2024 is ₹795.33, which is 43.03% lower than the current market price of ₹1,396.00.

What is the Market Cap of Symphony Ltd?

The Market Cap of Symphony Ltd is 9,628 Cr..

What is the current Stock Price of Symphony Ltd as on 21 November 2024?

The current stock price of Symphony Ltd as on 21 November 2024 is ₹1,396.

What is the High / Low of Symphony Ltd stocks in FY 2024?

In FY 2024, the High / Low of Symphony Ltd stocks is 1,881/820.

What is the Stock P/E of Symphony Ltd?

The Stock P/E of Symphony Ltd is 41.3.

What is the Book Value of Symphony Ltd?

The Book Value of Symphony Ltd is 106.

What is the Dividend Yield of Symphony Ltd?

The Dividend Yield of Symphony Ltd is 0.93 %.

What is the ROCE of Symphony Ltd?

The ROCE of Symphony Ltd is 18.8 %.

What is the ROE of Symphony Ltd?

The ROE of Symphony Ltd is 18.0 %.

What is the Face Value of Symphony Ltd?

The Face Value of Symphony Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Symphony Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE