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Last Updated: April 2, 2026, 3:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517385 | NSE: SYMPHONY

Symphony Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹914.45Undervalued by 26.31%vs CMP ₹724.00

P/E (30.4) × ROE (32.4%) × BV (₹114.00) × DY (1.80%)

₹422.84Overvalued by 41.60%vs CMP ₹724.00
MoS: -71.2% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹971.6922%Under (+34.2%)
Graham NumberEarnings₹244.4716%Over (-66.2%)
Earnings PowerEarnings₹185.3413%Over (-74.4%)
DCFCash Flow₹331.8413%Over (-54.2%)
Net Asset ValueAssets₹114.027%Over (-84.3%)
EV/EBITDAEnterprise₹582.909%Over (-19.5%)
Earnings YieldEarnings₹233.007%Over (-67.8%)
ROCE CapitalReturns₹150.609%Over (-79.2%)
Revenue MultipleRevenue₹344.235%Over (-52.5%)
Consensus (9 models)₹422.84100%Overvalued
Key Drivers: Wide model spread (₹114–₹972) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.3%

*Investments are subject to market risks

Investment Snapshot

69
Symphony Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 36.8% ExcellentROE 32.4% ExcellentD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 73.4% Stable
Earnings Quality65/100 · Strong
OPM expanding (14% → 18%) Improving
Quarterly Momentum35/100 · Weak
Revenue (4Q): -22% YoY DecliningProfit (4Q): -12% YoY DecliningOPM: 16.0% (up 4.0% YoY) Margin expansion
Industry Rank90/100 · Strong
P/E 30.4 vs industry 60.2 Cheaper than peersROCE 36.8% vs industry 14.9% Above peersROE 32.4% vs industry 11.5% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:46 am

Market Cap 4,972 Cr.
Current Price 724
Intrinsic Value₹422.84
High / Low 1,349/684
Stock P/E30.4
Book Value 114
Dividend Yield1.80 %
ROCE36.8 %
ROE32.4 %
Face Value 2.00
PEG Ratio4.86

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

View Share Price Target for Symphony Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Symphony Ltd 4,972 Cr. 724 1,349/68430.4 1141.80 %36.8 %32.4 % 2.00
Avalon Technologies Ltd 6,255 Cr. 937 1,318/69065.1 97.40.00 %12.8 %10.4 % 2.00
Electronics Mart India Ltd 3,570 Cr. 92.8 168/75.638.8 40.40.00 %10.4 %11.1 % 10.0
Epack Durable Ltd 2,093 Cr. 218 421/19651.1 99.40.00 %9.70 %5.98 % 10.0
HPL Electric & Power Ltd 1,893 Cr. 294 640/25618.7 1490.34 %14.5 %10.8 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of Symphony Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 277308302275247332393289242381251163179
Expenses 233285276234203275306212213282225139150
Operating Profit 44232641445787772999262429
OPM % 16%7%9%15%18%17%22%27%12%26%10%15%16%
Other Income 1410141115994-39112973
Interest 3332320020000
Depreciation 7777662262232
Profit before tax 4823304350589479-18108532830
Tax % 19%30%20%19%18%17%6%29%-44%27%21%32%33%
Net Profit 3916243541488856-1079421920
EPS in Rs 5.572.293.485.085.956.9612.768.15-1.4611.506.122.772.91

Last Updated: March 3, 2026, 2:24 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 1:51 am

MetricJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4875254467647988441,1039001,0391,1881,1561,576974
Expenses 3643933095655797118897598771,0489851,264796
Operating Profit 123132136199220133213140162140171312178
OPM % 25%25%31%26%28%16%19%16%16%12%15%20%18%
Other Income 1634334354155124405048150
Interest 0101281312101212110
Depreciation 44477102121242626229
Profit before tax 135161165235265130230131168152181280219
Tax % 22%28%28%29%27%30%21%18%28%24%18%24%
Net Profit 10611611816619392182107121116148212160
EPS in Rs 15.1016.5616.9123.7727.5213.1925.9415.3417.2016.6421.4830.9423.30
Dividend Payout % 43%42%74%19%16%34%89%33%52%30%61%42%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)40.68%16.27%-52.33%97.83%-41.21%13.08%-4.13%27.59%43.24%
Change in YoY Net Profit Growth (%)0.00%-24.41%-68.60%150.16%-139.03%54.29%-17.22%31.72%15.66%

Symphony Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:7%
3 Years:15%
TTM:-5%
Compounded Profit Growth
10 Years:9%
5 Years:6%
3 Years:27%
TTM:-3%
Stock Price CAGR
10 Years:0%
5 Years:2%
3 Years:1%
1 Year:-40%
Return on Equity
10 Years:23%
5 Years:19%
3 Years:21%
Last Year:32%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:04 am

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 77714141414141414141414
Reserves 269299312451598652625745825867735747769
Borrowings 00019261882102192542321701425
Other Liabilities 118116104121119211215236267281291419629
Total Liabilities 3934234226057571,0651,0641,2141,3611,3941,2101,3221,417
Fixed Assets 706877798223731835435535132732294
CWIP 8030062000000
Investments 199242162292422458412484500527373440565
Other Assets 117112180234252363332375506516510560758
Total Assets 3934234226057571,0651,0641,2141,3611,3941,2101,3221,417

Reserves and Borrowings Chart

Cash Flow

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 9010489951071401578957125162259
Cash from Investing Activity + -60-3770-65-102-25078-536-12193-41
Cash from Financing Activity + -33-66-145-5-29118-241-21-34-124-367-224
Net Cash Flow -311325-257-61429-10-12-6
Free Cash Flow 819084881081311407348114156237
CFO/OP 104%115%95%82%78%138%100%88%58%128%120%108%

Free Cash Flow

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow123.00132.00136.00180.00194.00-55.003.00-79.00-92.00-92.001.00170.00

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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.25%73.38%73.38%73.38%73.38%73.38%73.42%73.42%73.42%73.42%73.42%73.42%
FIIs 3.74%3.62%3.81%3.40%3.32%4.83%6.11%6.78%6.17%6.47%5.98%5.30%
DIIs 11.10%10.69%10.44%11.03%10.27%9.98%8.96%8.45%8.68%8.60%8.84%8.74%
Public 11.91%12.29%12.34%12.17%13.02%11.80%11.51%11.33%11.71%11.49%11.77%12.51%
No. of Shareholders 1,39,98068,35566,71167,66072,43954,9602,02,2291,48,9741,40,6371,38,8101,36,7781,35,023

Shareholding Pattern Chart

No. of Shareholders

Symphony Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 3,712,095 0.31 294.28N/AN/AN/A
HDFC Multi Cap Fund 684,137 0.28 54.24657,9142025-12-15 04:53:373.99%
UTI Value Fund 613,781 0.5 48.66734,7842025-12-08 01:30:12-16.47%
HDFC Retirement Savings Fund - Equity 316,228 0.36 25.07N/AN/AN/A
HDFC Housing Opportunities Fund 160,268 1 12.71N/AN/AN/A
HDFC Equity Savings Fund 101,006 0.14 8.01N/AN/AN/A
Axis ESG Integration Strategy Fund 59,563 0.42 4.7283,0012026-03-11 14:03:32-28.24%
UTI Conservative Hybrid Fund 24,145 0.11 1.9140,0002025-12-08 00:03:04-39.64%
Quantum ESG Best In Class Strategy Fund 11,035 0.92 0.87N/AN/AN/A
Taurus Ethical Fund 8,150 0.17 0.65N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 30.8921.4316.6417.2015.35
Diluted EPS (Rs.) 30.8921.4316.6417.2015.35
Cash EPS (Rs.) 34.1925.2320.3520.7318.41
Book Value[Excl.RevalReserv]/Share (Rs.) 110.79108.63125.93120.77109.21
Book Value[Incl.RevalReserv]/Share (Rs.) 110.79108.63125.93120.77109.21
Revenue From Operations / Share (Rs.) 229.53167.67169.77148.55128.64
PBDIT / Share (Rs.) 52.1031.8626.9628.6824.36
PBIT / Share (Rs.) 48.8628.1123.1825.2221.30
PBT / Share (Rs.) 40.7326.2421.7223.9518.75
Net Profit / Share (Rs.) 30.9521.4816.5717.2815.35
NP After MI And SOA / Share (Rs.) 30.9521.4816.6417.2015.35
PBDIT Margin (%) 22.6919.0015.8819.3018.94
PBIT Margin (%) 21.2816.7613.6516.9816.55
PBT Margin (%) 17.7415.6512.7916.1214.57
Net Profit Margin (%) 13.4812.819.7511.6311.93
NP After MI And SOA Margin (%) 13.4812.819.8011.5711.92
Return on Networth / Equity (%) 27.9419.7713.2114.3314.13
Return on Capital Employeed (%) 42.4523.2416.1517.5715.75
Return On Assets (%) 15.9212.168.298.808.80
Long Term Debt / Equity (X) 0.000.070.090.130.18
Total Debt / Equity (X) 0.160.190.220.260.24
Asset Turnover Ratio (%) 1.240.880.710.570.50
Current Ratio (X) 1.241.611.802.302.53
Quick Ratio (X) 0.711.011.181.822.10
Inventory Turnover Ratio (X) 6.120.560.000.000.04
Dividend Payout Ratio (NP) (%) 42.1327.9260.090.000.00
Dividend Payout Ratio (CP) (%) 38.1423.7848.960.000.00
Earning Retention Ratio (%) 57.8772.0839.910.000.00
Cash Earning Retention Ratio (%) 61.8676.2251.040.000.00
Interest Coverage Ratio (X) 36.3821.0818.4422.4915.91
Interest Coverage Ratio (Post Tax) (X) 27.3015.4512.3314.5511.69
Enterprise Value (Cr.) 7775.845953.917242.137834.178991.19
EV / Net Operating Revenue (X) 4.935.156.107.549.99
EV / EBITDA (X) 21.7427.1138.4039.0552.76
MarketCap / Net Operating Revenue (X) 4.885.065.987.399.82
Retention Ratios (%) 57.8672.0739.900.000.00
Price / BV (X) 10.117.818.069.1411.64
Price / Net Operating Revenue (X) 4.885.065.987.399.82
EarningsYield 0.020.020.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 1182.40 Cr. and Equity Capital is Rs. 13.73 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsSymphony House, Third Floor, FP-12, Ahmedabad Gujarat 380059Contact not found
Management
NamePosition Held
Mr. Achal BakeriChairman & Managing Director
Mr. Nrupesh ShahManaging Director - Corporate Affairs
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
Mr. Malavika HaritaIndependent Director

FAQ

What is the intrinsic value of Symphony Ltd and is it undervalued?

As of 14 April 2026, Symphony Ltd's intrinsic value is ₹422.84, which is 41.60% lower than the current market price of ₹724.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (32.4 %), book value (₹114), dividend yield (1.80 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Symphony Ltd?

Symphony Ltd is trading at ₹724.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,349 and low of ₹684. The stock is currently near its 52-week low. Market cap stands at ₹4,972 Cr..

How does Symphony Ltd's P/E ratio compare to its industry?

Symphony Ltd has a P/E ratio of 30.4, which is below the industry average of 60.24. This is broadly in line with or below the industry average.

Is Symphony Ltd financially healthy?

Key indicators for Symphony Ltd: ROCE of 36.8 % indicates efficient capital utilization; ROE of 32.4 % shows strong shareholder returns. Dividend yield is 1.80 %.

Is Symphony Ltd profitable and how is the profit trend?

Symphony Ltd reported a net profit of ₹212 Cr in Mar 2025 on revenue of ₹1,576 Cr. Compared to ₹121 Cr in Mar 2022, the net profit shows an improving trend.

Does Symphony Ltd pay dividends?

Symphony Ltd has a dividend yield of 1.80 % at the current price of ₹724.00. The company pays dividends, though the yield is modest.

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
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