Symphony Limited (SYMPHONY) AI Stock Analysis

• Market Cap: ₹58.26B
• Dividend Yield: 1.43%
• Average Volume (3M): 4.52K
• Price to Earnings (P/E): 44.4
• Beta (1Y): 0.41
• Revenue Growth: -19.72%
• EPS Growth: -44.03%
• Country: IN
• Employees: 450
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 3.60
• Shares Outstanding: 68,671,400
• 10 Day Avg. Volume: 3,346
• 30 Day Avg. Volume: 4,522
• PEG Ratio: 0.82
• Price to Book (P/B): 10.13
• Price to Sales (P/S): 4.89
• P/FCF Ratio: 32.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 22.73
• Revenue Forecast (FY): ₹9.64B

• Rating: 70 Outperform
• Price Target: ₹1,018.00 ▲(21.00% Upside)

Symphony Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and financial stability. However, technical indicators suggest potential bearish trends, and the valuation appears high, which tempers the overall score.

Positive Factors

Financial Stability

Low leverage enhances financial stability, providing Symphony with the flexibility to invest in growth opportunities and withstand economic fluctuations.

Cash Flow Management

Efficient cash generation supports Symphony's ability to fund operations, invest in innovation, and return value to shareholders, ensuring long-term sustainability.

Profitability

Strong profitability margins indicate effective cost control and pricing power, enabling Symphony to maintain competitive advantage and invest in future growth.

Negative Factors

Revenue Decline

A decline in revenue growth can signal challenges in market expansion or product adoption, potentially impacting Symphony's long-term growth prospects.

Earnings Decline

A significant drop in EPS growth may reflect operational challenges or increased competition, which could affect Symphony's ability to generate shareholder value.

Industry Misalignment

Operating in an industry classification that doesn't align with its core business may lead to misperceptions and hinder strategic partnerships or market positioning.

Symphony Limited Business Overview & Revenue Model

Company Description

Symphony Limited manufactures and trades in residential, commercial, and industrial air coolers and other appliances in India and internationally. The company offers large and medium space coolers, and spot coolers for household use; and industrial air coolers for use in classrooms, factories, offices, religious places, residences, restaurants, retail stores, shopping malls, showrooms, warehouses, and workshops. It sells its products primarily under the Symphony brand name in approximately 60 countries. The company serves banking, automobile, packaging, distilleries, and railways. Symphony Limited was incorporated in 1988 and is headquartered in Ahmedabad, India.

How the Company Makes Money

Symphony Limited generates revenue through a subscription-based model, offering tiered pricing plans for its software services. Key revenue streams include monthly or annual subscription fees paid by users and organizations for access to its messaging and collaboration tools. The company also earns money through enterprise licensing agreements with large clients, which provide additional features and support. Significant partnerships with financial institutions and technology providers enhance its market reach and credibility, contributing to its earnings by attracting a wider customer base and driving adoption in regulated sectors.

Symphony Limited Financial Statement Overview

Summary

Symphony Limited shows strong financial performance with significant revenue growth, solid profitability, and efficient cash flow management. The company maintains low leverage, enhancing financial stability.

Income Statement

Symphony Limited has demonstrated strong revenue growth with a 36.34% increase from 2024 to 2025. The gross profit margin for 2025 is 49.17%, and the net profit margin is 13.51%, indicating efficient cost management and solid profitability. The EBIT margin stands at 34.89%, and the EBITDA margin is 19.73%, both reflecting robust operational performance.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.19, suggesting low leverage and financial stability. The return on equity (ROE) is 27.99%, indicating effective use of equity to generate profits. The equity ratio is 57.03%, showcasing a strong equity base relative to total assets.

Cash Flow

Symphony Limited exhibits a strong cash flow position with a free cash flow growth rate of 53.65% from 2024 to 2025. The operating cash flow to net income ratio is 1.22, and the free cash flow to net income ratio is 1.11, demonstrating efficient cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.96B	15.76B	11.56B	11.88B	10.35B	8.97B
Gross Profit	5.90B	7.75B	5.53B	5.17B	4.64B	4.00B
EBITDA	2.44B	3.11B	2.19B	1.90B	2.02B	1.65B
Net Income	1.67B	2.13B	1.48B	1.16B	1.20B	1.07B
Balance Sheet
Total Assets	0.00	13.34B	12.18B	14.04B	13.67B	12.20B
Cash, Cash Equivalents and Short-Term Investments	1.90B	1.92B	1.77B	2.80B	3.23B	3.59B
Total Debt	0.00	1.42B	1.70B	2.32B	2.54B	2.19B
Total Liabilities	-7.61B	5.73B	4.69B	5.23B	5.22B	4.56B
Stockholders Equity	7.61B	7.61B	7.49B	8.81B	8.39B	7.59B
Cash Flow
Free Cash Flow	0.00	2.36B	1.54B	1.14B	475.90M	689.90M
Operating Cash Flow	0.00	2.59B	1.62B	1.25B	568.40M	886.60M
Investing Cash Flow	0.00	-413.00M	1.93B	-114.10M	62.80M	-533.70M
Financing Cash Flow	0.00	-2.24B	-3.67B	-1.24B	-337.60M	-213.30M

Symphony Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 841.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SYMPHONY, the sentiment is Negative. The current price of 841.3 is below the 20-day moving average (MA) of 864.01, below the 50-day MA of 884.03, and below the 200-day MA of 1037.05, indicating a bearish trend. The MACD of -10.40 indicates Positive momentum. The RSI at 34.60 is Neutral, neither overbought nor oversold. The STOCH value of 8.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SYMPHONY.

Symphony Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYMPHONY	70 Outperform	₹58.26B	44.44	―	1.43%	-19.72%	-44.03%
TTKPRESTIG	63 Neutral	₹86.24B	78.51	―	0.97%	4.48%	-49.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BAJAJELEC	57 Neutral	₹55.99B	54.19	―	0.62%	0.80%	-4.31%
STOVEKRAFT	55 Neutral	₹19.77B	44.44	―	0.50%	7.89%	32.07%
RENUKA	46 Neutral	₹55.13B	-7.43	―	―	-18.81%	-57.61%

Symphony Limited Corporate Events

Symphony Limited’s Appeal Dismissed by NCLT in Share Fraud Case

Symphony Limited announced that the National Company Law Tribunal (NCLT) dismissed its appeal to rectify the register of members after shares were fraudulently transferred by the former Registrar and Share Transfer Agent, Sharepro Services. Despite SEBI’s lack of objection to the rectification, the tribunal referred the matter to the ROC/EoW. Symphony Limited has been proactive in addressing the fraudulent activities since 2015-16, including legal actions and filing a First Information Report. The company is reviewing the tribunal’s decision and plans to take further steps, including possibly filing an appeal, although the dismissal does not materially impact its financial or operational activities.

Symphony Limited Schedules Investor Meeting

Symphony Limited has announced a scheduled meeting with institutional investors and analysts, specifically a one-on-one virtual meeting with YK2 Partners on December 10, 2025. This interaction aims to disseminate information widely among stakeholders, with the presentation details already available on the company’s website. The company emphasizes that no unpublished price-sensitive information will be disclosed during the meeting.

Symphony Limited Announces Change in Senior Management

Symphony Limited has announced the resignation of Mr. Nitendra Patel from his position as Chief Human Resource Officer, effective from the end of December 03, 2025. The company has taken steps to ensure a smooth transition, indicating its commitment to maintaining operational stability during this change in senior management.

Symphony Limited Adopts Mandatory Electronic Dividend Payments

Symphony Limited has announced that, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Fifth Amendment Regulations, 2025, all dividend payments will now be processed exclusively through electronic modes approved by the Reserve Bank of India. This change, effective from November 18, 2025, eliminates the use of physical instruments like cheques and drafts, aiming to streamline and modernize the dividend payment process for stakeholders.

Symphony Limited to Participate in Anand Rathi Annual Flagship Conference

Symphony Limited has announced its participation in the Anand Rathi Annual Flagship Conference G-200 Summit in Mumbai on November 13, 2025. This event will provide an opportunity for the company’s management to engage with institutional investors and analysts, enhancing its visibility and potentially impacting its market positioning. The presentation from the event will be made available on the company’s website, ensuring transparency and broad dissemination of information to stakeholders.

Symphony Limited Schedules Analysts Conference Call to Discuss Q2 Financial Results

Symphony Limited has announced an upcoming Analysts Conference Call scheduled for November 6, 2025, to discuss its unaudited financial results for the second quarter and half-year ending September 30, 2025. The call will feature senior management, including the Chairman and Managing Director, and aims to provide insights into the company’s financial performance, potentially impacting its market positioning and stakeholder interests.

Symphony Limited Announces Trading Window Closure

Symphony Limited has announced the closure of its trading window in compliance with SEBI regulations, effective from October 1, 2025. This measure is part of the company’s internal code to prevent insider trading, and the window will reopen 48 hours after the release of its unaudited financial results for the second quarter and half-year ending September 30, 2025. This move underscores Symphony’s commitment to regulatory compliance and transparent financial practices, potentially impacting stakeholders by ensuring fair trading practices.