Symphony Limited (SYMPHONY)

Loading page…

Symphony Limited (SYMPHONY) · mywealthgrid

About

Symphony Limited manufactures household appliances in the Consumer Discretionary sector, with market cap of ₹4,268.33 Cr and operating margins of 10.96%. Company posted a major loss of ₹265 Cr (standalone) in March 2026, but recovered to profitability of ₹40 Cr in June 2026; however, the stock has fallen 36.22% over the past year.

Face value: ₹2

Market cap

₹3,928 Cr

P/E

—

P/B

7.3×

Dividend yield

1.6%

ROE

-21.6%

ROCE

24.2%

Debt / equity

0.26

OPM

11%

EPS (TTM)

₹-19.9

Book value

₹77.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Exceptional loss of ₹265 Cr (standalone) and ₹218 Cr (consolidated) in Mar 2026 resulted in negative ROE of -21.59% and unavailable PE ratio; verify whether this charge was one-time or signals ongoing operational stress.
Revenue base modest and volatile (₹155–378 Cr across recent quarters, consolidated); clarify whether quarterly swings reflect seasonality or business instability.
Low institutional ownership (FII 2.44%, DII 8.48%) and poor 1-year stock performance (-36.22%) suggest limited analyst conviction; investigate whether this reflects structural challenges in household appliances sector.
Dividends paid despite recent losses (most recent 2026-08-11); verify capital allocation discipline and sustainability of payout policy given negative earnings.

Generated analysis · source review pending

Growth drivers

Operating margin improved to 12.17% (Jun 2026) from 10.96% overall, with consecutive quarters at 12-17%; verify if efficiency gains are sustainable.
Recovery to profitability in Jun 2026 (₹40 Cr) after Mar loss suggests one-time charge; confirm sustainability in upcoming quarters.
Sequential revenue growth Jun 2026 (₹378 Cr consolidated) vs Mar 2026 (₹338 Cr); assess whether seasonal or reflects underlying demand improvement.
Low debt-to-equity of 0.26 provides financial flexibility for growth investments if revenue scales.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹571.7-1.5%1Y

Quick read

rule-based

Pros

+High return on capital employed of 28.9%
+Comfortable interest coverage of 10.3×
+High promoter holding of 73.4% with no pledge

Cons

−Low return on equity of 8.2% (3-yr avg)
−Modest revenue growth of 4.7% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 47
Growth: 34
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lg Electronics India LimitedLGEINDIALGEINDIA	₹1,16,876 Cr	₹1,16,876 Cr	₹25,575 Cr	₹2,593 Cr	9.8%	₹1,825 Cr	6.9%	31%	24.7%	30
Voltas LimitedVOLTASVOLTAS	₹34,850 Cr	₹35,817 Cr	₹14,979 Cr	₹734 Cr	4.5%	₹449 Cr	2.6%	11.4%	5.8%	19
Blue Star LimitedBLUESTARCOBLUESTARCO	₹30,009 Cr	₹30,636 Cr	₹12,798 Cr	₹905 Cr	7.5%	₹509 Cr	4.3%	23.2%	16.2%	33
Amber Enterprises India LimitedAMBERAMBER	₹22,945 Cr	₹25,647 Cr	₹12,625 Cr	₹1,008 Cr	7.8%	₹96 Cr	1.9%	12.6%	5.3%	53
Crompton Greaves Consumer Electricals LimitedCROMPTONCROMPTON	₹13,052 Cr	₹13,052 Cr	₹8,332 Cr	₹849 Cr	10.2%	₹-224 Cr	-2.9%	18.2%	-7.6%	-24
V-Guard Industries LimitedVGUARDVGUARD	₹12,869 Cr	₹12,878 Cr	₹6,310 Cr	₹594 Cr	8.8%	₹365 Cr	5.2%	17.9%	13.8%	60
Whirlpool Of India LimitedWHIRLPOOLWHIRLPOOL	₹10,934 Cr	₹10,934 Cr	₹8,329 Cr	₹409 Cr	6%	₹251 Cr	3.7%	9.9%	7.2%	9
Ttk Prestige LimitedTTKPRESTIGTTKPRESTIG	₹6,938 Cr	₹6,993 Cr	₹3,178 Cr	₹317 Cr	9.3%	₹190 Cr	5.3%	12.4%	8.1%	119
Eureka Forbes LimitedEUREKAFORBEUREKAFORB	₹6,817 Cr	₹6,817 Cr	₹2,802 Cr	₹321 Cr	11.6%	₹181 Cr	6%	4.8%	3.6%	80
Bosch Home Comfort India LimitedBOSCH-HCILBOSCH-HCIL	₹5,351 Cr	₹5,411 Cr	₹2,942 Cr	₹72 Cr	2.5%	₹5 Cr	-0.1%	4.5%	-0.5%	18
Ifb Industries LimitedIFBINDIFBIND	₹4,723 Cr	₹4,739 Cr	₹5,866 Cr	₹344 Cr	5.7%	₹160 Cr	2.6%	19.5%	15.6%	-10
Symphony LimitedSYMPHONYSYMPHONY	₹3,928 Cr	₹4,072 Cr	₹1,058 Cr	₹149 Cr	11%	₹-139 Cr	-12.5%	24.2%	-21.6%	162

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	798	844	1,103	900	1,039	1,188	1,156	1,576	1,131
COGS	385	453	583	497	571	667	601	801	592
Gross profit	413	391	520	403	468	521	555	775	539
	194	259	308	264	307	383	387	464	415
	219	132	212	139	161	138	168	311	124
OPM %	27.5%	15.6%	19.2%	15.4%	15.5%	11.6%	14.5%	19.7%	11%
Depreciation	7	10	21	21	24	26	26	22	20
Interest	2	7	11	11	9	10	10	10	16
	54	15	50	24	40	50	49	1	-147
Profit before tax	265	130	230	131	168	152	181	280	-59
Tax	72	39	48	24	47	36	33	67	82
Tax %	27.3%	30%	20.9%	18.3%	28%	23.7%	18.2%	23.9%	139%
	193	91	182	107	121	116	148	213	-141
PAT margin %	24.1%	10.8%	16.5%	11.9%	11.7%	9.8%	12.8%	13.5%	-12.5%
EPS (₹)	27.5	13.1	26	15.4	17.2	16.7	21.4	30.9	-20.5
EPS adjusted (₹)	27.5	13.2	26	15.3	17.2	16.7	21.1	30.3	-20.1
	16.4%	171.9%	19.2%	32.6%	52.3%	30%	60.7%	42.1%	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	14	14	14	14	14	14	14
Reserves	598	652	625	745	825	867	735	747	531
Minority interest	—	3	4	5	5	—	—	—	—
	26	188	173	184	221	197	147	128	144
	119	213	248	293	301	326	322	445	340
Total equity & liabilities	757	1,071	1,064	1,241	1,367	1,404	1,218	1,334	1,029
	82	237	283	354	355	350	327	322	165
CWIP	0	6	2	0	0	0	0	0	0
Investments	—	—	—	506	500	527	373	440	275
	675	827	780	381	512	527	518	572	589
Total assets	757	1,071	1,064	1,241	1,367	1,404	1,218	1,334	1,029

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Air Cooling and Other Appliances	1,158	-76	755	484	271	-28.04
Corporate Funds	34	33

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.3%	47.1%	44.8%	45%	43.9%	48%	49.2%	47.7%
EBITDA margin %	15.6%	19.2%	15.4%	15.5%	11.6%	14.5%	19.7%	11%
EBIT margin %	14.5%	17.3%	13.1%	13.2%	9.4%	12.3%	18.3%	9.2%
PAT margin %	10.8%	16.5%	11.9%	11.7%	9.8%	12.8%	13.5%	-12.5%
Working capital
Receivable days	45	40	67	73	35	53	33	49
Inventory days	96	74	87	111	137	140	129	192
Payable days	2	0	100	95	91	90	82	80
NWC days	139	113	55	88	81	103	81	162
Leverage
Current ratio	2.32	2.05	2.5	2.3	1.81	1.61	1.23	1.52
Debt to EBITDA	1.42	0.82	1.32	1.38	1.43	0.88	0.41	1.16
Debt to equity	0.28	0.27	0.24	0.26	0.22	0.2	0.17	0.26
Interest coverage	23	22.3	13.5	19.7	16.2	19.3	33.6	10.3
Asset turnover	0.79	1.04	0.73	0.76	0.85	0.95	1.18	1.1
Return ratios
Return on assets %	8.5%	17.1%	8.6%	8.9%	8.3%	12.2%	16%	-13.7%
Return on capital employed %	22.5%	31.3%	17.3%	18%	16.1%	21%	41.4%	24.2%
Return on equity %	13.7%	28.5%	14.1%	14.4%	13.2%	19.8%	28%	-25.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.39%	73.39%	73.39%	73.39%	73.43%	73.43%	73.43%	73.43%	73.43%	73.43%	73.43%	73.43%
	3.82%	3.4%	3.32%	4.83%	6.11%	6.79%	6.18%	6.47%	5.98%	5.3%	3.27%	2.44%
	10.44%	11.04%	10.27%	9.98%	8.96%	8.45%	8.68%	8.6%	8.84%	8.75%	8.72%	8.48%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	12.35%	12.17%	13.02%	11.8%	11.5%	11.33%	11.71%	11.5%	11.75%	12.52%	14.58%	15.65%
No. of shareholders	—	—	—	—	—	—	—	—	1,36,778	1,35,023	1,37,467	1,36,586

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

0.22%

of the company's equity

All mutual funds

8.33%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 4 fund houses

		Shares
Bharat Consumption Fund	ICICI Prudential Mutual Fund	90,529	5.31	0.16%	0.132%	-0
Ethical Fund	Quantum Mutual Fund	27,913	1.64	1.29%	0.041%	-0
ESG Integration Strategy Fund	Axis Mutual Fund	21,846	1.28	0.12%	0.032%	-1,978
ESG Best In Class Strategy Fund	Quantum Mutual Fund	11,035	0.65	0.68%	0.016%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	45	0	0%	0%	-0

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

144 announcementsExport CSV

21 Sept 2026, 6:03 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.3%	47.1%	44.8%	45%	43.9%	48%	49.2%	47.7%
EBITDA margin %	15.6%	19.2%	15.4%	15.5%	11.6%	14.5%	19.7%	11%
EBIT margin %	14.5%	17.3%	13.1%	13.2%	9.4%	12.3%	18.3%	9.2%
PAT margin %	10.8%	16.5%	11.9%	11.7%	9.8%	12.8%	13.5%	-12.5%
Working capital
Receivable days	45	40	67	73	35	53	33	49
Inventory days	96	74	87	111	137	140	129	192
Payable days	2	0	100	95	91	90	82	80
NWC days	139	113	55	88	81	103	81	162
Leverage
Current ratio	2.32	2.05	2.5	2.3	1.81	1.61	1.23	1.52
Debt to EBITDA	1.42	0.82	1.32	1.38	1.43	0.88	0.41	1.16
Debt to equity	0.28	0.27	0.24	0.26	0.22	0.2	0.17	0.26
Interest coverage	23	22.3	13.5	19.7	16.2	19.3	33.6	10.3
Asset turnover	0.79	1.04	0.73	0.76	0.85	0.95	1.18	1.1
Return ratios
Return on assets %	8.5%	17.1%	8.6%	8.9%	8.3%	12.2%	16%	-13.7%
Return on capital employed %	22.5%	31.3%	17.3%	18%	16.1%	21%	41.4%	24.2%
Return on equity %	13.7%	28.5%	14.1%	14.4%	13.2%	19.8%	28%	-25.9%

49

Interim dividend11 Aug 2026 · ex-date₹1
Final dividend17 Jul 2026 · ex-date₹5
Interim dividend3 Feb 2026 · ex-date₹2
Interim dividend12 Nov 2025 · ex-date₹1
Interim dividend7 Aug 2025 · ex-date₹1
Final dividend18 Jul 2025 · ex-date₹8
Interim dividend11 Feb 2025 · ex-date₹2
Interim dividend7 Nov 2024 · ex-date₹2
Interim dividend21 Aug 2024 · ex-date₹1
Final dividend26 Jul 2024 · ex-date₹8
Interim dividend7 Feb 2024 · ex-date₹2
Interim dividend3 Nov 2023 · ex-date₹2
Interim dividend4 Aug 2023 · ex-date₹1
Final dividend21 Jul 2023 · ex-date₹1
Interim dividend31 Oct 2022 · ex-date₹2
Final dividend25 Aug 2022 · ex-date₹6
Interim dividend4 Aug 2022 · ex-date₹2
Interim dividend3 Feb 2022 · ex-date₹1
Interim dividend2 Nov 2021 · ex-date₹2
Final dividend29 Jul 2021 · ex-date₹4
Interim dividend1 Feb 2021 · ex-date₹1
Interim dividend17 Feb 2020 · ex-date₹2
Special dividend17 Feb 2020 · ex-date₹18
Interim dividend21 Nov 2019 · ex-date₹2
Interim dividend9 Aug 2019 · ex-date₹1
Final dividend4 Jul 2019 · ex-date₹1.5
Interim dividend14 Feb 2019 · ex-date₹1
Interim dividend6 Nov 2018 · ex-date₹1
Interim dividend2 Aug 2018 · ex-date₹1
Final dividend2 Aug 2018 · ex-date₹1.5
Interim dividend1 Feb 2018 · ex-date₹1
Interim dividend7 Nov 2017 · ex-date₹1
Interim dividend23 Aug 2017 · ex-date₹1
Final dividend23 Aug 2017 · ex-date₹1
Interim dividend2 Mar 2017 · ex-date₹1
Interim dividend3 Nov 2016 · ex-date₹1
Interim dividend1 Aug 2016 · ex-date₹1.5
Interim dividend17 Mar 2016 · ex-date₹20
Interim dividend4 Feb 2016 · ex-date₹5
Final dividend15 Oct 2015 · ex-date₹10
Interim dividend22 Jan 2015 · ex-date₹4
Final dividend11 Sept 2014 · ex-date₹11
Interim dividend6 Feb 2014 · ex-date₹2
Dividend dividend5 Dec 2013 · ex-date₹6.5
Dividend dividend19 Nov 2012 · ex-date₹3
Special dividend19 Nov 2012 · ex-date₹2.5
Dividend dividend17 Nov 2011 · ex-date₹10
Dividend dividend9 Dec 2010 · ex-date₹2.5
Dividend dividend17 Dec 2009 · ex-date₹1

1

Board meeting to consider results4 Aug 2026

1

Face value ₹10 → ₹215 Feb 2012 · ex-date

1–3 of 4

1 / 2

10 deals · 19 Sept 2022 – 8 May 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,57,206	₹1,313.29	₹60.04 Cr
8 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,57,206	₹1,314.41	₹60.10 Cr
8 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,47,100	₹1,651.32	₹57.32 Cr
8 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,47,100	₹1,649.31	₹57.25 Cr
20 Dec 2023	HDFC MUTUAL FUND MULTI CAP FUND	Bulk	NSE	Buy	6,00,000	₹880.00	₹52.80 Cr
20 Dec 2023	SWAYAT TRADING CO	Bulk	NSE	Sell	6,00,000	₹880.00	₹52.80 Cr
19 Sept 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	1,81,509	₹891.85	₹16.19 Cr
19 Sept 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	1,81,509	₹891.85	₹16.19 Cr
19 Sept 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	23,001	₹891.85	₹2.05 Cr
19 Sept 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	23,001	₹891.85	₹2.05 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
21 Sept 2026, 6:03 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 7:58 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 7:53 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
15 Sept 2026, 9:46 am	Company Update General	Interaction With Electronic Media	PDF
9 Sept 2026, 6:35 pm	Company Update General	Interaction With Electronic Media	PDF
9 Sept 2026, 1:02 pm	Company Update General	Interaction With Electronic Media	PDF
9 Sept 2026, 10:25 am	Company Update General	Interaction With Electronic Media	PDF
7 Sept 2026, 10:25 pm	Company Update General	Gifting Of Symphony Limited Shares By Founder Promoter To Employees	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	107	140	157	89	57	125	161	259	-81
	-102	-250	78	-53	6	-12	192	-41	190
	-29	118	-241	-22	-34	-123	-366	-224	-94
Net cash flow	-25	—	-6	14	29	-10	-13	-6	15
Free cash flow	—	—	—	70	48	114	153	236	-100
CFO / Operating profit %	48.7%	105.7%	74%	64%	35.4%	90.6%	95.8%	83.3%	-65.3%

Symphony Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

49

1

1

Segment results

Compounded sales growth

Return on equity

Air Cooling and Other Appliances · revenue

Symphony Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Announcements

Quarterly record

Annual reports

Investor Presentation and earnings call

Dividends49

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Air Cooling and Other Appliances · revenue

49

1

1