Symphony Share Price

1. For the quarter ended on June 30, 2018, Symphony Limited reported its consolidated total income to be at Rs.152 crore as against Rs.210 crore reported for the same quarter of the previous financial year. On a YoY basis, this translated into a drop of 23.3%.
2. This drop in revenues impacted the profitability of the company for the June quarter. Its profit before tax (PBT) was reported to be at Rs.21 crore, in comparison to a PBT of Rs.46 crore reported for the June quarter of the previous financial year. Similarly, its profit after tax (PAT) was observed to be Rs.20 crore - a sharp decline of 48% with respect to the same period last year.
3. Owing to this drop in the profits, the company's basic earnings per share (EPS) also went down from Rs.5.61 to Rs.2.91 YoY.
4. Considering the liabilities of the company, as on June 30, 2018, its total liabilities are worth Rs.127 crore.

Symphony Limited Stock Trends in 2018

1. 2018 has proven to be a rather volatile year for the Symphony Limited shareholders. The scrip commenced the year trading at Rs.1,754 on January 2 on the NSE. Over the course of January, the scrip gained more than 20% to cross the Rs.2,000 mark and reach its 52-week high at Rs.2,209. However, the share price of Symphony Limited failed to find momentum at levels above Rs.2,000 and as a result, the shares lost their gains over the course of the month.
2. By early February, the scrip was back to its previous levels at Rs.1,790. In the same month, the company announced an interim dividend of 50%. Post this announcement, the shares found a steady heading at levels above Rs.1,800. Through the months of February, March, and April, the Symphony Limited stock price didn't see any sharp drops and the shares were traded at levels varying from Rs.1,780 - Rs.1,860.
3. Things took a sharp turn for the worse in May when the scrip lost close to 15% following the announcement of FY 2018 results. Owing to a dismal performance, the Symphony Limited shares went below the psychologically important mark of Rs.1,500 and the scrip ended the month of May at Rs.1,528.25 on the NSE.
4. Through the months of June and most of July, the stock price of Symphony stayed close to the Rs.1,400 mark. In late July, the price took a sharp nosedive and lost roughly 30% to touch the Rs.1,100 mark by the end of the month. In early August, the company announced a final dividend of 75% and an interim dividend of 50%.
5. The scrip continued to exhibit a bearish trend with the shares eventually slipping into the Rs.1,000 region. The shares suffered further in late September when the stock price plummeted to reach its 52-week low at Rs.815.25 on the NSE. As of early October, the shares were seen trading hands at levels around Rs.950.

Symphony Limited Stock Trends in 2016 and 2017

1. At the start of 2016, the stock price of Symphony Limited was seen varying at levels close to Rs.1,160. The first quarter of the calendar year was a rather volatile one for the Symphony shareholders. After touching the Rs.1,000 mark for a brief period in February, the scrip bounced back to reach its previous levels above Rs.1,180 in March. In the same period, the company announced an interim dividend of 250% and a final dividend of 1,000%.
2. By April, the shares had soared into the Rs.1,200 region. Through the course of April, May, and June, the prices didn't vary significantly and they managed to stay afloat around the Rs.1,200 mark. The scrip didn't incur any sharp drops in this period.
3. In July, the shares lost marginally to descend into the Rs.1,100 region. Things didn't vary significantly for the next couple of months as the share price didn't drop below the Rs.1,100 mark. In the same period, the company announced an interim dividend of 75% and bonus shares in 1:1 ratio.
4. The prices rose marginally in late October to touch the Rs.1,300 mark. However, post demonetisation in November 2016, the shares retreated to their previous levels at Rs.1,100. The closing price at the end of the year was Rs.1,151.80 on the NSE.
5. At the start of 2017, the stock price of Symphony Limited was fluctuating around the Rs.1,150 mark. Over the course of the first three months, the shares gained close to 30% to cross the Rs.1,500 mark by March. In the same month, the company announced an interim dividend of 50%.
6. However, the scrip ended up shedding those gains over the course of May and June. As a result, the shares were down into the Rs.1,300 region but were still up by close to 10% with respect to the start of the year. The shares continued to exhibit volatility until early August, following which the scrip staged a bull run.
7. In August, Symphony Limited announced an interim dividend of 50% and a final dividend of 50%. The company announced another interim dividend of 50% in November and by this time, the shares were trading at levels above Rs.1,600. The shares continued to make steady gains over the remainder of the year as well with the closing price on December 29 being Rs.1,746.75 on the NSE.

Should You Invest in Symphony Limited Shares?

1. Symphony Limited is an air cooler company based in Ahmedabad, India. The company is one of the major players when it comes to air coolers. It offers its products and air cooling solutions for industrial, commercial, and residential segments. The company is also present in Mexico, China, and Australia through three subsidiaries.
2. For the year ended on March 31, 2018, Symphony Limited reported its consolidated gross revenues to be at Rs.852 crore - a YoY growth of 5%. As for its consolidated net profit after tax, the company stated it to be at Rs.193 crore - an improvement of 16% over the previous financial year. Consequently, its earnings per share grew from Rs.24 to Rs.28 YoY.
3. Coming to the bank's balance sheet for the FY 2017-18, the company's consolidated total assets were worth Rs.756.5 crore - an increase of roughly Rs.150 crore over the previous fiscal year. As for its liabilities, they have been valued at just Rs.144.9 crore of which, the non-current liabilities make only Rs.11.22 crore. Needless to mention, the company's debt levels are fairly low.
4. Considering the performance of the scrip over the course of the last couple of years, most of 2016 and 2017 were rather uneventful for the Symphony Limited stocks. Throughout this period, the scrip appreciated by a little over 20%. However, the company has always been generous with dividend payouts.
5. From a long-term perspective, the scrip makes for a good buy. Its debt levels are low and it recently acquired an Australian company to enter the market in that region. Furthermore, the company is also embarking on 'Symphony 3.0' - the next phase of evolution, as said by Mr. Achal Bakeri, the managing director. As per this plan, it will be focusing on expanding its international reach and launch technology-rich coolers.
6. There is definitely scope for growth here although, a stiff competition is going to make it present some challenges for the company. From a financial and fundamental point of view, the company appears to be strong. Before investing in this scrip, it is strongly recommended that you research thoroughly on the company.

Company Information

Symphony Limited is a company based in Ahmedabad, India. It is known for its comprehensive range of air coolers and cooling solutions offered for residential, commercial, and industrial applications. The company also has a presence in the international markets through three subsidiary companies in Mexico, China, and Australia.

History of the Company

The history of Symphony Limited can be traced back to the year 1988 when the company was established to sell branded air coolers in India. Within two years of commencing operations, the company established a nationwide network and supported the same with national television campaigns. In 1994, Symphony Limited went public and listed its shares on the country's two prominent bourses. This announcement was soon followed by subsequent developments and expansion of its product range. Over the years, the company has also established a foothold in the international markets by strategically acquiring companies in China, Mexico, most recently, Australia.

Management of the Company

Mr. Achal Bakeri - Founder, Chairman & Managing Director

Mr. Achal Bakeri is the founder of Symphony Limited and he presently serves as the company's Chairman and Managing Director. He has been a part of the organisation since 1988 and over the years, he has served as the company's Chief Executive Officer and President. He is also associated with other reputed companies like Symphony Designer Properties Limited, Bakeri Engineering & Infrastructure Limited, Harmony Holdings Private Limited, Bakeri Urban Development Limited and many more. Mr. Bakeri is an architect and he holds an MBA from the University of Southern California, U.S.A. He is significantly experienced in the fields of exports, construction, design development, and manufacturing. At Symphony Limited, he is responsible for the overall strategy, policy formation, and execution.

Mr. Nrupesh Shah - Executive Director, Corporate Affairs

Mr. Nrupesh Shah is the Executive Director of Symphony Limited and is responsible for the company's financial and commercial functions. In addition to this, he also overlooks corporate affairs, treasury, finance, et cetera. He has been serving as the company's Executive Director since October 2002. He joined the company back in 1993 as the Finance Controller and eventually rose through the ranks to become the Executive Director. Mr. Shah obtained his Bachelors' degree in Commerce and is also a qualified Chartered Accountant and Company Secretary.

Mr. Dipak Palkar - Independent Director

Mr. Dipak Palkar currently serves as the Independent Non-Executive Director of Symphony Limited. He has held this position since December 2005 and he is also the Chairman of the Audit Committee of the company. He has more than 35 years of experience in the fields of human resource, marketing, international sales, and business promotion with his forte being consumer durables and kitchen appliances. He holds a B.Com degree and also has a Diploma in Taxation Laws & Practices, and Business Management.

Symphony Limited Listings in NSE, BSE, and Stock Market Indices

The equity shares of Symphony Limited are listed on the country's two prominent stock exchanges - the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). The shares listed here are available to the general public for trading. The respective call signs for the same are as follows:

1. NSE Code: SYMPHONYEQ
2. BSE Code: 517385
3. ISIN: INE225D01027
4. Sector: Consumer Goods, Electronics

Coming to the stock market indices, the company comprises the following:

1. Nifty 500
2. Nifty LargeMidCap 250
3. Nifty Midcap 150
4. S&P BSE 250 LargeMidCap
5. S&P BSE AllCap
6. S&P BSE 500
7. S&P BSE MidSmallCap
8. S&P BSE SmallCap

Registered Office

Symphony House

FP12 - TP50

Bodakdev, Off SG Highway

Ahmedabad - 380054

India

Contact number: +91-79-66211111

Email: investors@symphonylimited.com

Stocks vs. Mutual Funds: here's what we recommend

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The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.