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Symphony Limited
(SYMPHONY)
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Rating:41Neutral
Price Target:
₹480.00
▼(-20.00% Downside)
Action:Reiterated
Date:08/18/26
The score is primarily held down by sharply weakened FY2026 financial performance (losses, margin compression, and negative operating/free cash flow). Technicals also remain bearish with the stock below major moving averages and negative MACD, despite oversold readings. Valuation is mixed: the negative P/E reflects earnings losses, partially offset by a modest dividend yield.
Positive Factors
Focused Air-Cooling Franchise
A focused position in evaporative air cooling gives Symphony a clear product identity and specialized operating experience. Its established brand and presence across residential and commercial applications can support customer recognition and distribution depth as demand for cooling solutions expands over time.
Negative Factors
Sharp Revenue and Earnings Decline
The abrupt revenue contraction and swing to a substantial loss weaken the company’s earnings base and indicate that demand or execution deteriorated materially. Unless sales recover, lower operating scale can continue to pressure profitability, reinvestment capacity, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Air-Cooling Franchise
A focused position in evaporative air cooling gives Symphony a clear product identity and specialized operating experience. Its established brand and presence across residential and commercial applications can support customer recognition and distribution depth as demand for cooling solutions expands over time.
Read all positive factors
Symphony Limited (SYMPHONY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹34.52B
Dividend Yield1.79%
Average Volume (3M)4.17K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-18.36%
EPS Growth-183.23%
CountryIN
Employees546
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-20.33
Shares Outstanding68,671,400
10 Day Avg. Volume4,713
30 Day Avg. Volume4,169
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)8.67
Price to Sales (P/S)4.18
P/FCF Ratio-41.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)21.77
Revenue Forecast (FY)₹12.74B
Symphony Limited Business Overview & Revenue Model
Company Description
Symphony Limited is a global manufacturer and trader of a diverse range of air cooling systems and other appliances. The company's offerings span residential, commercial, and industrial applications, catering to both the Indian market and internat...
How the Company Makes Money
Symphony Limited primarily makes money by selling air cooling products, with revenue recognized from the sale of evaporative air coolers and related cooling appliances through a mix of channels (such as distributors, retailers, and other sales par...
Symphony Limited Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
61
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.58B | 11.31B | 15.76B | 11.56B | 11.88B | 10.35B |
| Gross Profit | 4.22B | 3.83B | 7.75B | 5.53B | 5.17B | 4.64B |
| EBITDA | -110.00M | -230.00M | 3.11B | 2.19B | 1.90B | 2.02B |
| Net Income | -1.39B | -1.41B | 2.13B | 1.48B | 1.16B | 1.20B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.29B | 13.34B | 12.18B | 14.04B | 13.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.67B | 1.92B | 1.77B | 2.80B | 3.23B |
| Total Debt | 0.00 | 1.73B | 1.42B | 1.70B | 2.32B | 2.54B |
| Total Liabilities | -5.45B | 4.84B | 5.73B | 4.69B | 5.23B | 5.22B |
| Stockholders Equity | 5.45B | 5.45B | 7.61B | 7.49B | 8.81B | 8.39B |
Cash Flow | ||||||
| Free Cash Flow | 920.00M | -1.13B | 2.36B | 1.54B | 1.14B | 475.90M |
| Operating Cash Flow | 1.04B | -940.00M | 2.59B | 1.62B | 1.25B | 568.40M |
| Investing Cash Flow | -1.15B | 1.87B | -413.00M | 1.93B | -114.10M | 62.80M |
| Financing Cash Flow | -20.00M | -780.00M | -2.24B | -3.67B | -1.24B | -337.60M |
Symphony Limited Technical Analysis
Negative
600.00
Price Trends
572.27
Negative
625.16
Negative
714.93
Negative
Market Momentum
-22.80
Positive
31.59
Neutral
13.73
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 600 is above the 20-day moving average (MA) of 540.71, above the 50-day MA of 572.27, and below the 200-day MA of 714.93, indicating a bearish trend. The MACD of -22.80 indicates Positive momentum. The RSI at 31.59 is Neutral, neither overbought nor oversold. The STOCH value of 13.73 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹62.07B | 34.52 | ― | ― | 12.45% | 5.84% | |
62 Neutral | ₹130.71B | -74.73 | ― | 1.48% | 12.09% | -137.18% | |
62 Neutral | ₹105.70B | 42.04 | ― | 0.60% | 6.03% | -30.48% | |
58 Neutral | ₹45.87B | 1,011.79 | ― | 3.05% | 12.57% | -87.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹33.65B | -77.63 | ― | 1.03% | -5.30% | -140.84% | |
41 Neutral | ₹34.52B | -24.59 | ― | 1.79% | -18.36% | -183.23% |
* General Sector Average
IN:SYMPHONY
Symphony Limited
502.70
-400.23
-44.33%
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IN:CROMPTON
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Eureka Forbes Limited
320.65
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IN:BOSCH.HCIL
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1,686.95
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IN:WHIRLPOOL
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833.15
-570.64
-40.65%
Symphony Limited Corporate Events
Symphony to Host Q2FY27 Earnings Call with Senior Management
Oct 23, 2026
Symphony Limited has scheduled a results conference call on October 29, 2026, at 16:00 IST to discuss its unaudited financial results for the second quarter and half year ended September 30, 2026. Senior management including the chairman, managing...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.