Symphony Limited (SYMPHONY) AI Stock Analysis

Symphony Limited

(NSE:SYMPHONY)

Select Model

Rating:40Underperform

Price Target:INR 466.00▼(-4.97% Downside)

Action:downgraded

Date:08/18/26

Symphony Limited's weak overall score is heavily weighed down by deeply negative cash flows, a sharp shift to unprofitability, and an eroding equity base. Unfavorable valuation metrics driven by negative earnings and highly bearish technical price trends further exacerbate the downside risk. The company's relatively low debt burden is the sole notable strength in an otherwise challenged profile.

Positive Factors

Focused Air-Cooling BusinessA focused business model centered on evaporative cooling gives Symphony clear category specialization and an established brand proposition. Domestic and international distribution channels broaden market access, supporting recurring product demand and the potential to leverage existing capabilities across geographies.

Negative Factors

Revenue and Profit CollapseThe sharp revenue contraction and swing from profit to a sizeable net loss indicate a material deterioration in demand, operating performance, or both. This weakens near-term earnings power, reduces internally funded investment capacity, and raises the burden on management to restore sustainable growth.

Symphony Limited (SYMPHONY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 37.25B
Dividend Yield: 1.84%
Average Volume (3M): 10.03K
Price to Earnings (P/E): -25.1
Beta (1Y): 0.65
Revenue Growth: 2.27%
EPS Growth: -203.08%
Country: India
Employees: 546
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

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 internation...

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 partne...

Symphony Limited Financial Statement Overview

Summary

Severe operational challenges are evident, driven by a sharp revenue contraction, a negative net profit margin of 12.5%, and substantial operating cash burn. However, low debt levels offer a minor structural cushion to the balance sheet.

Income Statement

30Negative

Balance Sheet

60Neutral

Cash Flow

35Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price490.35

Price Trends

50DMA567.58Negative

100DMA621.71Negative

200DMA710.85Negative

Market Momentum

MACD-22.70Positive

RSI30.74Neutral

STOCH29.13Neutral

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 490.35 is below the 20-day moving average (MA) of 532.78, below the 50-day MA of 567.58, and below the 200-day MA of 710.85, indicating a bearish trend. The MACD of -22.70 indicates Positive momentum. The RSI at 30.74 is Neutral, neither overbought nor oversold. The STOCH value of 29.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SYMPHONY.

Symphony Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SYMPHONY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BOSCH.HCIL	63Neutral	INR 44.86B	984.76	―	3.09%	12.57%	-87.69%
IN:EUREKAFORB	63Neutral	INR 60.52B	33.63	―	―	12.45%	5.84%
IN:WHIRLPOOL	62Neutral	INR 103.26B	41.18	―	0.61%	6.03%	-30.48%
IN:CROMPTON	61Neutral	INR 123.60B	-70.16	―	1.56%	12.09%	-137.18%
IN:BAJAJELEC	60Neutral	INR 30.93B	-113.26	―	1.12%	-4.73%	-126.31%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SYMPHONY	40Underperform	INR 33.67B	-25.12	―	1.84%	2.27%	-203.08%

* General Sector Average

Performance Comparison

IN:SYMPHONY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SYMPHONY	Symphony Limited	490.35	-437.93	-47.18%
IN:BAJAJELEC	Bajaj Electricals Limited	267.95	-232.79	-46.49%
IN:CROMPTON	Crompton Greaves Consumer Electricals Ltd.	191.95	-88.03	-31.44%
IN:EUREKAFORB	Eureka Forbes Limited	312.65	-228.00	-42.17%
IN:BOSCH.HCIL	Johnson Controls-Hitachi Air Conditioning India Ltd.	1649.75	-95.40	-5.47%
IN:WHIRLPOOL	Whirlpool Of India Limited	813.90	-552.16	-40.42%

Symphony Limited Corporate Events

Symphony monetises non-core Ahmedabad land in ₹27 crore deal

Oct 30, 2026

Symphony Limited has finalised the sale of a freehold vacant land parcel in Bodakdev, Ahmedabad, measuring 1,254 square metres, with the sale deed expected to be executed around 6 November 2026. The land, which has never been used for business operat...

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 di...

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.

Date of analysis: Aug 18, 2026

Symphony Limited AI Stock Analysis