Symphony Ltd

Symphony Ltd

Next 500 2024
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OVERVIEW
FINANCIALS
NEWS

About

Symphony was founded and is currently managed by Achal Bakeri to provide air cooling solutions for residential, industrial, and commercial sectors. It was the first to introduce evaporative air cooling in India in 1988. Today, with a presence in more than 60 countries and over 25 million installations, Symphony is the largest manufacturer of air coolers internationally. Its product portfolio includes household, commercial, and industrial air coolers, along with large space venti cooling systems, tower fans, and water heaters. The company is also known for their innovations like the world’s first wall-mounted air cooler, power saver technology, humidity control, multi-stage air purification system, uniform water distribution system, and more. As a result, the company has 31 patents, 20 copyrights, and 258 trademarks to its name.

Incorporation Year: 1988
Headquarters: Ahmedabad
Top Management: Achal Bakeri
Industry: Consumer Durables

Featured In Fortune India Ranking

Next 500 India
#473(2024)#364(2023)#298(2022)#192(2021)#355(2020)#325(2019)#369(2018)#455(2016)
#473(2024)#364(2023)#298(2022)#192(2021)#355(2020)#325(2019)#369(2018)#455(2016)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
1,191
(INR Cr)
Net Operating Income
1,156
(INR Cr)
Assets
932
(INR Cr)
Profit
148
(INR Cr)
Net Worth
749
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
Revenue
(INR Cr)
1191
-9.4%
1314
17.4%
1119
20.1%
932
-19.9%
1164
29.6%
898
5.2%
854
3.4%
826
71.4%
482
-15.8%
573
5.3%
544
38.0%
394
35.0%
292
-14.5%
342
73.1%
197
34.1%
147
98.4%
74
-
Net Operating Income
(INR Cr)
1156
-2.65%
1188
14.29%
1039
15.47%
900
-18.39%
1103
30.70%
844
5.68%
798
4.38%
765
71.64%
446
0.00%
526
-1.28%
533
40.92%
378
20.59%
313
7.88%
291
52.74%
190
53.20%
124
69.45%
73
74.23%
Profit
(INR Cr)
148
27.2%
116
-3.2%
120
12.1%
107
-40.8%
181
96.7%
92
-52.1%
193
15.8%
166
40.5%
118
2.1%
116
9.6%
106
75.9%
60
13.2%
53
3.7%
51
38.4%
37
-14.6%
43
257.7%
12
-
Assets
(INR Cr)
932
-17.0%
1124
1.3%
1109
11.7%
993
15.1%
863
-0.2%
864
35.2%
639
31.4%
487
49.6%
325
3.8%
313
10.7%
283
23.6%
229
13.1%
203
26.1%
161
85.7%
87
67.1%
52
326.8%
12
-
Net Worth
(INR Cr)
749
-15.0%
881
4.9%
839
10.6%
759
18.8%
639
-4.0%
666
8.9%
612
31.5%
465
46.0%
319
0.0%
306
20.7%
254
26.8%
200
19.8%
167
28.1%
130
50.8%
86
67.9%
51
499.9%
9
369.0%
Employee Cost
(INR Cr)
121
-2.1%
124
7.0%
116
12.4%
103
-8.5%
113
9.2%
103
41.8%
73
6.5%
68
60.6%
43
-8.0%
46
10.8%
42
19.2%
35
23.6%
28
12.2%
25
232.0%
8
33.8%
6
58.2%
4
-
Interest Cost
(INR Cr)
1212101213821010110100
Cash & Bank Balance
(INR Cr)
44576838255423474686452353116
Total Debt
(INR Cr)
1702322542192101882619000070004

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
Profit As % Of Revenues 12.4%8.9%10.8%11.5%15.6%10.3%22.5%20.1%24.6%20.2%19.4%15.3%18.2%15.0%18.8%29.4%16.3%
Profit As % Of Assets 15.9%10.4%10.8%10.8%21.0%10.7%30.1%34.2%36.4%37.0%37.4%26.2%26.2%31.9%42.8%83.7%99.8%
Profit As % Of Networth 19.8%13.2%14.3%14.1%28.4%13.9%31.5%35.8%37.2%37.9%41.7%30.1%31.8%39.3%42.8%84.2%141.1%
Interest Cost to EBITDA % 7.1%8.3%6.4%9.1%6.0%7.2%1.0%0.4%0.3%0.6%0.3%0.8%1.0%0.6%1.1%0.4%0.6%
Debt to Equity Ratio 0.230.260.300.290.330.280.040.04----0.040.000.000.010.41
RONW 18.2%13.5%15.1%15.4%27.9%16.8%35.8%42.4%37.2%37.3%46.6%32.8%35.7%47.2%53.7%77.9%53.1%
ROCE 18.8%14.7%17.0%15.5%28.3%21.5%47.4%58.0%50.8%50.8%58.0%47.4%46.4%67.6%80.9%101.8%49.4%