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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 517385 | NSE: SYMPHONY

Fundamental Analysis of Symphony Ltd

About the Company - Symphony Ltd

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, Ahmedabad Gujarat 380059investors@symphonylimited.com
http://www.symphonylimited.com
Management
NamePosition Held
Mr. Achal BakeriChairman & Managing Director
Ms. Reena BhagwatiIndependent Director
Mr. Amit KumarExecutive Director
Mr. Nrupesh ShahExecutive Director
Ms. Jonaki BakeriNon Executive Director
Mr. Ashish DeshpandeIndependent Director
Mr. Santosh NemaIndependent Director
Mr. Naishadh ParikhIndependent Director

Symphony Ltd. Share Price Update

Share PriceValue
Today₹908.10
Previous Day₹907.25

Basic Stock Data of Symphony Ltd

Market Cap 6,260 Cr.
Current Price 908
High / Low1,219/825
Stock P/E53.2
Book Value 98.8
Dividend Yield0.55 %
ROCE14.8 %
ROE13.5 %
Face Value 2.00

Data Source: screener.in

Competitors of Symphony Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MIRC Electronics Ltd 615 Cr. 26.630.7/11.0 7.720.00 %0.89 %6.77 % 1.00
Voltas Ltd 36,318 Cr. 1,0981,117/745129 1730.39 %9.67 %4.42 % 1.00
BPL Ltd 534 Cr. 109128/46.733.7 50.70.00 %7.08 %2.85 % 10.0
Whirlpool of India Ltd 15,870 Cr. 1,2511,733/1,19078.4 2820.41 %8.43 %6.37 % 10.0
Dixon Technologies (India) Ltd 38,015 Cr. 6,3566,765/2,581108 2420.05 %24.2 %22.5 % 2.00
Industry Average18,270.40 Cr1,768.1269.82151.080.17%10.05%8.58%4.80

Symphony Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales191216339230220205384329274277308302275
Expenses164183255220181175302295237233285276234
Operating Profit27338410393082343744232641
OPM %14%15%25%4%18%15%21%10%14%16%7%9%15%
Other Income19689716121414101411
Interest4232232223332
Depreciation5656666667777
Profit before tax19348210402890384348233043
Tax %21%21%23%40%25%25%29%24%26%19%30%20%19%
Net Profit1527636302164293239162435
EPS in Rs2.293.868.860.864.293.009.014.154.725.572.293.485.08

Symphony Ltd Quarterly Chart

Symphony Ltd Profit & Loss

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2903474875254467647988441,1039001,0391,1881,162
Expenses2172693643933095655797118897598771,0481,028
Operating Profit7378123132136199220133213140162140134
OPM %25%22%25%25%31%26%28%16%19%16%16%12%12%
Other Income6181634334354155124405049
Interest110101281312101211
Depreciation5444477102121242628
Profit before tax7391135161165235265130230131168152144
Tax %27%34%22%28%28%29%27%30%21%18%28%24%
Net Profit536010611611816619392182107121116114
EPS in Rs7.598.5915.1016.5616.9123.7727.5213.1925.9415.3417.2016.6416.42
Dividend Payout %36%38%43%42%74%19%16%34%89%33%52%30%

Symphony Ltd Profit & Loss Yearly Chart

Symphony Ltd Growth

Compounded Sales Growth
10 Years:15%
5 Years:8%
3 Years:3%
TTM:-10%
Compounded Profit Growth
10 Years:8%
5 Years:-9%
3 Years:-14%
TTM:-28%
Stock Price CAGR
10 Years:12%
5 Years:-7%
3 Years:-7%
1 Year:-22%
Return on Equity
10 Years:24%
5 Years:18%
3 Years:15%
Last Year:13%

Symphony Ltd Balance Sheet

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital777771414141414141414
Reserves182215269299312451598652625745825867667
Borrowings700001926188210219254232187
Other Liabilities8194118116104121119211215236267281395
Total Liabilities2783163934234226057571,0651,0641,2141,3611,3941,263
Fixed Assets70707068777982237318354355351337
CWIP0480300620000
Investments6299199242162292422458412484500527592
Other Assets146144117112180234252363332375506516334
Total Assets2783163934234226057571,0651,0641,2141,3611,3941,263

Symphony Ltd Reserves and Borrowings Chart

Symphony Ltd Cash Flow

MonthJun 2012Jun 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 84679010489951071401578957125
Cash from Investing Activity -88-34-60-3770-65-102-25078-536-12
Cash from Financing Activity 5-30-33-66-145-5-29118-241-21-34-124
Net Cash Flow14-311325-257-61429-10

Symphony Ltd Financial Efficiency Indicators Chart

Symphony Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.25%73.25%73.25%73.25%73.25%73.25%73.25%73.25%73.25%73.38%73.38%73.38%
FIIs4.33%4.19%4.25%4.31%4.49%4.33%4.03%4.01%3.74%3.62%3.81%3.40%
DIIs10.27%9.64%9.46%10.02%10.05%10.89%11.14%11.22%11.10%10.69%10.44%11.03%
Public12.15%12.92%13.04%12.42%12.21%11.53%11.59%11.53%11.91%12.29%12.34%12.17%
No. of Shareholders38,68757,91062,67858,35258,53853,36452,37751,9601,39,98068,35566,71167,660

Symphony Ltd Shareholding Pattern Chart

No. of Symphony Ltd Shareholders

Symphony Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan34523270.54302.42
Axis ELSS Tax Saver Fund7400250.1964.83
UTI Value Fund7347840.7664.37
HDFC Multi Cap Fund6000000.4852.56
ICICI Prudential Housing Opportunities Fund3110471.0827.25
HDFC Retirement Savings Fund - Equity - Regular Plan3000000.626.28
Franklin India Smaller Companies Fund2921580.2225.59
ICICI Prudential ESG Exclusionary Strategy Fund1610121.0114.1
HDFC Housing Opportunities Fund1608511.0514.09
ICICI Prudential MNC Fund992950.568.7

Symphony Ltd ROCE Trend

Symphony Ltd EPS Trend

Symphony Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)16.6417.2015.3525.9813.09
Diluted EPS (Rs.)16.6417.2015.3525.9813.09
Cash EPS (Rs.)20.3520.7318.4129.0114.50
Book Value[Excl.RevalReserv]/Share (Rs.)125.93120.77109.2191.9995.70
Book Value[Incl.RevalReserv]/Share (Rs.)125.93120.77109.2191.9995.70
Revenue From Operations / Share (Rs.)169.77148.55128.64157.63120.60
PBDIT / Share (Rs.)26.9628.6824.3638.0724.44
PBIT / Share (Rs.)23.1825.2221.3035.0523.03
PBT / Share (Rs.)21.7223.9518.7532.9518.61
Net Profit / Share (Rs.)16.5717.2815.3525.9913.09
NP After MI And SOA / Share (Rs.)16.6417.2015.3525.9413.19
PBDIT Margin (%)15.8819.3018.9424.1520.26
PBIT Margin (%)13.6516.9816.5522.2319.09
PBT Margin (%)12.7916.1214.5720.9015.42
Net Profit Margin (%)9.7511.6311.9316.4810.85
NP After MI And SOA Margin (%)9.8011.5711.9216.4510.93
Return on Networth / Equity (%)13.2114.3314.1328.3813.85
Return on Capital Employeed (%)16.1517.5715.7532.2919.99
Return On Assets (%)8.298.808.8017.048.61
Long Term Debt / Equity (X)0.090.130.180.110.18
Total Debt / Equity (X)0.220.260.240.270.28
Asset Turnover Ratio (%)0.710.570.500.780.68
Current Ratio (X)1.802.302.532.052.32
Quick Ratio (X)1.181.822.101.671.87
Inventory Turnover Ratio (X)0.000.000.040.380.51
Dividend Payout Ratio (NP) (%)60.090.000.0094.4534.11
Dividend Payout Ratio (CP) (%)48.960.000.0084.5930.82
Earning Retention Ratio (%)39.910.000.005.5565.89
Cash Earning Retention Ratio (%)51.040.000.0015.4169.18
Interest Coverage Ratio (X)18.4422.4915.9124.9324.74
Interest Coverage Ratio (Post Tax) (X)12.3314.5511.6918.3917.73
Enterprise Value (Cr.)7242.137834.178991.195685.759818.19
EV / Net Operating Revenue (X)6.107.549.995.1611.64
EV / EBITDA (X)38.4039.0552.7621.3557.42
MarketCap / Net Operating Revenue (X)5.987.399.825.0211.48
Retention Ratios (%)39.900.000.005.5465.88
Price / BV (X)8.069.1411.648.6614.53
Price / Net Operating Revenue (X)5.987.399.825.0211.48
EarningsYield0.010.010.010.030.01

Symphony Ltd Profitability Ratios (%)

Symphony Ltd Liquidity Ratios

Symphony Ltd Liquidity Ratios (%)

Symphony Ltd Interest Coverage Ratios (X)

Symphony Ltd Valuation Ratios

Fair Value / Intrinsic Value of Symphony Ltd

Fair Value: ₹713.48

The stock is overvalued by 21.42% compared to the current price ₹908

*Investments are subject to market risks

Strength and Weakness of Symphony Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Symphony Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Symphony Ltd:
    1. Net Profit Margin: 9.75% (Higher values are generally favorable)
      • 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: 16.15% (Industry Average ROCE: 10.05%)
      • 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. Interest Coverage Ratio (Post Tax): 12.33 (Higher values, preferably > 2, are recommended)
      • 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.
    4. Quick Ratio: 1.18 (Higher values, preferably > 1, are recommended)
      • 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.
    5. ✓ Stock P/E: 53.2 (Industry average Stock P/E: 69.82)
      • 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.
    6. ✓ Total Debt / Equity: 0.22 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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