Symphony Ltd
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.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 12 | 12 | 10 | 12 | 13 | 8 | 2 | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 44 | 57 | 68 | 38 | 25 | 54 | 23 | 47 | 46 | 8 | 6 | 45 | 23 | 5 | 3 | 1 | 16 |
| Total Debt (INR Cr) | 170 | 232 | 254 | 219 | 210 | 188 | 26 | 19 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 4 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.23 | 0.26 | 0.30 | 0.29 | 0.33 | 0.28 | 0.04 | 0.04 | - | - | - | - | 0.04 | 0.00 | 0.00 | 0.01 | 0.41 |
| 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% |