Symphony Ltd.

•

₹ 612.5-0.59%

2026-08-21

symphonylimited.comBSE: 517385NSE: SYMPHONY

Market Cap₹ 4,223 Cr.

Current Price₹ 612

High / Low₹ 975 / 600

Stock P/E0.0

Book Value₹ 80

Price to Book9.07

Dividend Yield1.46 %

ROCE-19.6 %

ROE-25.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Air Coolers: 94.4% • Corporate Funds: 4.1% • Un-allocable: 1.5%

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.85x)
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Interest coverage is weak at -207.3x - earnings barely cover interest
Recent results are weak - TTM profit is down 188.8% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 5.1% over last 3 years
Company has a low return on capital employed of 11.6%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2991.05	54.39	404905.20	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	1037.30	28.28	47088.39	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
3.	AEGISLOG	1332.75	37.39	46779.53	0.65	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3472.80	86.08	41083.38	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	348.00	15.99	27205.75	1.72	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	484.20	63.43	15786.09	0.62	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.44	106.64	11974.27	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.35	81.64	10150.24	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	66.30	22.23	9945.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	362.85	25.62	8014.81	0.41	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	624.60	50.00	7121.16	0.00	28.93	56.21	412.46	32.08	20.14	11.97
12.	SYMPHONY	615.00	0.00	4223.29	1.46	40.00	-4.76	378.00	50.60	-5.19	12.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	172	196	177	251	373	259	182	368	229	155	182	199	241
	168	143	136	189	291	187	149	269	206	128	151	168	215
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	15	13	12	8	10	20	7	12	22	13	12	11	11
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	2	1	1	1	2	1	2	1	2	2	1	2
	18	64	52	61	91	90	-7	68	49	38	43	-257	37
Tax %	22.22%	21.88%	17.31%	24.59%	24.18%	25.56%	42.86%	35.29%	24.49%	26.32%	20.93%	-3.11%	24.32%
Net Profit	14	50	43	46	69	67	-4	44	37	28	34	-265	28
	2	7	6	7	10	10	-1	6	5	4	5	-39	0
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 172
: 168
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 0
Depreciation: 1
: 18
Tax %: 22.22%
Net Profit: 14
: 2
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 196
: 143
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 0
Depreciation: 2
: 64
Tax %: 21.88%
Net Profit: 50
: 7
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 177
: 136
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 1
: 52
Tax %: 17.31%
Net Profit: 43
: 6
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 251
: 189
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 1
: 61
Tax %: 24.59%
Net Profit: 46
: 7
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 373
: 291
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 1
: 91
Tax %: 24.18%
Net Profit: 69
: 10
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 259
: 187
Operating Profit: —
OPM %: —
Other Income: 20
Interest: 0
Depreciation: 2
: 90
Tax %: 25.56%
Net Profit: 67
: 10
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 182
: 149
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 1
: -7
Tax %: 42.86%
Net Profit: -4
: -1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 368
: 269
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 2
: 68
Tax %: 35.29%
Net Profit: 44
: 6
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 229
: 206
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 0
Depreciation: 1
: 49
Tax %: 24.49%
Net Profit: 37
: 5
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 155
: 128
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 0
Depreciation: 2
: 38
Tax %: 26.32%
Net Profit: 28
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 182
: 151
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 2
: 43
Tax %: 20.93%
Net Profit: 34
: 5
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 199
: 168
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 1
: -257
Tax %: -3.11%
Net Profit: -265
: -39
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 241
: 215
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 2
: 37
Tax %: 24.32%
Net Profit: 28
: 0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	664	687	524	716	488	641	884	796	1,182	765	777
	456	468	389	515	371	526	708	635	896	652	662
Operating Profit	246	260	169	248	153	153	223	209	336	171	—
OPM %	37	38	32	35	31	24	25	26	28	22	—
Other Income	38	42	33	47	36	38	46	48	49	59	47
Interest	0	1	0	0	0	1	1	1	1	1	0
Depreciation	4	4	4	6	5	6	6	5	6	6	7
	242	255	140	240	147	146	216	195	242	-127	-139
Tax %	28	28	28	23	24	24	24	22	27	-31	-26
Net Profit	175	183	101	186	112	111	165	153	176	-166	-175
EPS	25	26	14	27	16	16	24	22	26	-24	—
Dividend Payout %	18	17	31	87	31	57	21	59	51	-37	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	25	26	14	27	16	16	24	22	26	-24	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	25	26	14	27	16	16	24	22	26	-24	—

Mar 2017

: 664
: 456
Operating Profit: 246
OPM %: 37
Other Income: 38
Interest: 0
Depreciation: 4
: 242
Tax %: 28
Net Profit: 175
EPS: 25
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25

Mar 2018

: 687
: 468
Operating Profit: 260
OPM %: 38
Other Income: 42
Interest: 1
Depreciation: 4
: 255
Tax %: 28
Net Profit: 183
EPS: 26
Dividend Payout %: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2019

: 524
: 389
Operating Profit: 169
OPM %: 32
Other Income: 33
Interest: 0
Depreciation: 4
: 140
Tax %: 28
Net Profit: 101
EPS: 14
Dividend Payout %: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2020

: 716
: 515
Operating Profit: 248
OPM %: 35
Other Income: 47
Interest: 0
Depreciation: 6
: 240
Tax %: 23
Net Profit: 186
EPS: 27
Dividend Payout %: 87
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 27
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 27

Mar 2021

: 488
: 371
Operating Profit: 153
OPM %: 31
Other Income: 36
Interest: 0
Depreciation: 5
: 147
Tax %: 24
Net Profit: 112
EPS: 16
Dividend Payout %: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

Mar 2022

: 641
: 526
Operating Profit: 153
OPM %: 24
Other Income: 38
Interest: 1
Depreciation: 6
: 146
Tax %: 24
Net Profit: 111
EPS: 16
Dividend Payout %: 57
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

Mar 2023

: 884
: 708
Operating Profit: 223
OPM %: 25
Other Income: 46
Interest: 1
Depreciation: 6
: 216
Tax %: 24
Net Profit: 165
EPS: 24
Dividend Payout %: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24

Mar 2024

: 796
: 635
Operating Profit: 209
OPM %: 26
Other Income: 48
Interest: 1
Depreciation: 5
: 195
Tax %: 22
Net Profit: 153
EPS: 22
Dividend Payout %: 59
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22

Mar 2025

: 1,182
: 896
Operating Profit: 336
OPM %: 28
Other Income: 49
Interest: 1
Depreciation: 6
: 242
Tax %: 27
Net Profit: 176
EPS: 26
Dividend Payout %: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2026

: 765
: 652
Operating Profit: 171
OPM %: 22
Other Income: 59
Interest: 1
Depreciation: 6
: -127
Tax %: -31
Net Profit: -166
EPS: -24
Dividend Payout %: -37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -24

TTM

: 777
: 662
Operating Profit: —
OPM %: —
Other Income: 47
Interest: 0
Depreciation: 7
: -139
Tax %: -26
Net Profit: -175
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 9%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -6%
5 Years:: -8%
3 Years:: -11%
1 Year:: -36%

RETURN ON EQUITY

10 Years:: 19%
5 Years:: 10%
3 Years:: 5%
Last Year:: -26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	14	14	14	14	14	14	14	14	14	14
	450	589	655	635	747	812	898	761	757	506
	0	0	0	0	0	40	22	0	0	0
Trade Payables	32	38	44	39	48	66	73	62	90	46
	114	107	95	112	106	112	143	161	254	163
Total Liabilities	610	748	808	799	914	1,044	1,150	998	1,114	729
ASSETS	-	-	-	-	-	-	-	-	-	-
	66	67	66	71	71	80	74	74	80	91
Capital Work in Progress	0	0	1	0	0	0	0	0	0	0
	316	424	545	503	579	597	629	557	574	270
	51	51	38	41	49	70	117	88	127	97
	0	0	0	0	0	0	0	120	87	83
Cash & Bank	19	19	40	7	25	14	49	24	22	21
	158	187	117	178	189	283	281	136	225	167
Total Assets	610	748	808	799	914	1,044	1,150	998	1,114	729
Total Debt	0	0	0	0	0	40	22	0	0	0
Net Working Capital	271	369	328	368	390	431	366	210	145	218
Contingent Liabilities	35	35	253	245	200	211	211	182	160	154
Book Value per Share	66.36	86.26	95.62	92.76	108.73	118.15	130.38	112.31	112.28	75.74
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	0	0	0	0	0	40	22	0	0	0
Net Working Capital	271	369	328	368	390	431	366	210	145	218
Contingent Liabilities	35	35	253	245	200	211	211	182	160	154
Book Value per Share	66.36	86.26	95.62	92.76	108.73	118.15	130.38	112.31	112.28	75.74
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 14
: 450
: 0
Trade Payables: 32
: 114
Total Liabilities: 610
: 66
Capital Work in Progress: 0
: 316
: 51
: 0
Cash & Bank: 19
: 158
Total Assets: 610
Total Debt: 0
Net Working Capital: 271
Contingent Liabilities: 35
Book Value per Share: 66.36
Face Value: 2.00
Total Debt: 0
Net Working Capital: 271
Contingent Liabilities: 35
Book Value per Share: 66.36
Face Value: 2.00

Mar 2018

Equity Capital: 14
: 589
: 0
Trade Payables: 38
: 107
Total Liabilities: 748
: 67
Capital Work in Progress: 0
: 424
: 51
: 0
Cash & Bank: 19
: 187
Total Assets: 748
Total Debt: 0
Net Working Capital: 369
Contingent Liabilities: 35
Book Value per Share: 86.26
Face Value: 2.00
Total Debt: 0
Net Working Capital: 369
Contingent Liabilities: 35
Book Value per Share: 86.26
Face Value: 2.00

Mar 2019

Equity Capital: 14
: 655
: 0
Trade Payables: 44
: 95
Total Liabilities: 808
: 66
Capital Work in Progress: 1
: 545
: 38
: 0
Cash & Bank: 40
: 117
Total Assets: 808
Total Debt: 0
Net Working Capital: 328
Contingent Liabilities: 253
Book Value per Share: 95.62
Face Value: 2.00
Total Debt: 0
Net Working Capital: 328
Contingent Liabilities: 253
Book Value per Share: 95.62
Face Value: 2.00

Mar 2020

Equity Capital: 14
: 635
: 0
Trade Payables: 39
: 112
Total Liabilities: 799
: 71
Capital Work in Progress: 0
: 503
: 41
: 0
Cash & Bank: 7
: 178
Total Assets: 799
Total Debt: 0
Net Working Capital: 368
Contingent Liabilities: 245
Book Value per Share: 92.76
Face Value: 2.00
Total Debt: 0
Net Working Capital: 368
Contingent Liabilities: 245
Book Value per Share: 92.76
Face Value: 2.00

Mar 2021

Equity Capital: 14
: 747
: 0
Trade Payables: 48
: 106
Total Liabilities: 914
: 71
Capital Work in Progress: 0
: 579
: 49
: 0
Cash & Bank: 25
: 189
Total Assets: 914
Total Debt: 0
Net Working Capital: 390
Contingent Liabilities: 200
Book Value per Share: 108.73
Face Value: 2.00
Total Debt: 0
Net Working Capital: 390
Contingent Liabilities: 200
Book Value per Share: 108.73
Face Value: 2.00

Mar 2022

Equity Capital: 14
: 812
: 40
Trade Payables: 66
: 112
Total Liabilities: 1,044
: 80
Capital Work in Progress: 0
: 597
: 70
: 0
Cash & Bank: 14
: 283
Total Assets: 1,044
Total Debt: 40
Net Working Capital: 431
Contingent Liabilities: 211
Book Value per Share: 118.15
Face Value: 2.00
Total Debt: 40
Net Working Capital: 431
Contingent Liabilities: 211
Book Value per Share: 118.15
Face Value: 2.00

Mar 2023

Equity Capital: 14
: 898
: 22
Trade Payables: 73
: 143
Total Liabilities: 1,150
: 74
Capital Work in Progress: 0
: 629
: 117
: 0
Cash & Bank: 49
: 281
Total Assets: 1,150
Total Debt: 22
Net Working Capital: 366
Contingent Liabilities: 211
Book Value per Share: 130.38
Face Value: 2.00
Total Debt: 22
Net Working Capital: 366
Contingent Liabilities: 211
Book Value per Share: 130.38
Face Value: 2.00

Mar 2024

Equity Capital: 14
: 761
: 0
Trade Payables: 62
: 161
Total Liabilities: 998
: 74
Capital Work in Progress: 0
: 557
: 88
: 120
Cash & Bank: 24
: 136
Total Assets: 998
Total Debt: 0
Net Working Capital: 210
Contingent Liabilities: 182
Book Value per Share: 112.31
Face Value: 2.00
Total Debt: 0
Net Working Capital: 210
Contingent Liabilities: 182
Book Value per Share: 112.31
Face Value: 2.00

Mar 2025

Equity Capital: 14
: 757
: 0
Trade Payables: 90
: 254
Total Liabilities: 1,114
: 80
Capital Work in Progress: 0
: 574
: 127
: 87
Cash & Bank: 22
: 225
Total Assets: 1,114
Total Debt: 0
Net Working Capital: 145
Contingent Liabilities: 160
Book Value per Share: 112.28
Face Value: 2.00
Total Debt: 0
Net Working Capital: 145
Contingent Liabilities: 160
Book Value per Share: 112.28
Face Value: 2.00

Mar 2026

Equity Capital: 14
: 506
: 0
Trade Payables: 46
: 163
Total Liabilities: 729
: 91
Capital Work in Progress: 0
: 270
: 97
: 83
Cash & Bank: 21
: 167
Total Assets: 729
Total Debt: 0
Net Working Capital: 218
Contingent Liabilities: 154
Book Value per Share: 75.74
Face Value: 2.00
Total Debt: 0
Net Working Capital: 218
Contingent Liabilities: 154
Book Value per Share: 75.74
Face Value: 2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	99	118	178	117	101	8	136	195	253	16
Cash from Investing	-68	-85	-142	80	-74	-8	-12	94	-77	66
Cash from Financing	-24	-34	-38	-208	-8	-10	-90	-313	-179	-83
	7	-1	-2	-11	19	-11	35	-24	-3	-1
Free Cash Flow	92	113	174	110	97	-6	136	190	242	-1
OCF / Net Profit	0.57	0.65	1.76	0.63	0.90	0.07	0.83	1.27	1.44	-0.10
Cumulative 5-Year FCF	0	0	0	0	586	488	511	526	659	562
OCF / Net Profit	0.57	0.65	1.76	0.63	0.90	0.07	0.83	1.27	1.44	-0.10
Cumulative 5-Year FCF	0	0	0	0	586	488	511	526	659	562

Mar 2017

: 99
Cash from Investing: -68
Cash from Financing: -24
: 7
Free Cash Flow: 92
OCF / Net Profit: 0.57
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.57
Cumulative 5-Year FCF: 0

Mar 2018

: 118
Cash from Investing: -85
Cash from Financing: -34
: -1
Free Cash Flow: 113
OCF / Net Profit: 0.65
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.65
Cumulative 5-Year FCF: 0

Mar 2019

: 178
Cash from Investing: -142
Cash from Financing: -38
: -2
Free Cash Flow: 174
OCF / Net Profit: 1.76
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.76
Cumulative 5-Year FCF: 0

Mar 2020

: 117
Cash from Investing: 80
Cash from Financing: -208
: -11
Free Cash Flow: 110
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 0

Mar 2021

: 101
Cash from Investing: -74
Cash from Financing: -8
: 19
Free Cash Flow: 97
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 586
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 586

Mar 2022

: 8
Cash from Investing: -8
Cash from Financing: -10
: -11
Free Cash Flow: -6
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 488
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 488

Mar 2023

: 136
Cash from Investing: -12
Cash from Financing: -90
: 35
Free Cash Flow: 136
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 511
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 511

Mar 2024

: 195
Cash from Investing: 94
Cash from Financing: -313
: -24
Free Cash Flow: 190
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 526
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 526

Mar 2025

: 253
Cash from Investing: -77
Cash from Financing: -179
: -3
Free Cash Flow: 242
OCF / Net Profit: 1.44
Cumulative 5-Year FCF: 659
OCF / Net Profit: 1.44
Cumulative 5-Year FCF: 659

Mar 2026

: 16
Cash from Investing: 66
Cash from Financing: -83
: -1
Free Cash Flow: -1
OCF / Net Profit: -0.10
Cumulative 5-Year FCF: 562
OCF / Net Profit: -0.10
Cumulative 5-Year FCF: 562

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	24.96	26.16	14.44	26.58	16.06	15.84	23.56	22.20	25.62	-24.21
Book Value (₹)	66.36	86.26	95.62	92.76	108.73	118.15	130.38	112.31	112.28	75.74
Dividend per Share (₹)	4.50	4.50	4.50	23.00	5.00	9.00	5.00	13.00	13.00	9.00
Cash EPS (₹)	25.47	26.78	15.05	27.43	16.80	16.65	24.36	22.97	26.47	-23.28
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	37.00%	37.91%	32.18%	33.94%	30.84%	23.49%	24.80%	19.87%	23.93%	14.53%
Net Margin %	26.31%	26.63%	19.28%	25.43%	22.71%	17.00%	18.35%	18.93%	14.68%	-21.47%
ROE %	45.23%	34.27%	15.88%	28.22%	15.94%	13.96%	18.96%	18.15%	22.77%	-25.75%
ROCE %	62.72%	47.98%	22.05%	36.53%	20.92%	18.12%	24.12%	22.92%	31.43%	-19.59%
	34.19%	26.95%	12.98%	23.13%	13.11%	11.32%	15.02%	14.25%	16.65%	-18.03%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	22	24	30	25	52	66	55	53	32	40
Inventory Days	20	27	31	20	33	33	38	46	33	53
Payable Days	31	40	57	43	63	59	55	61	47	62
	11	12	4	2	22	41	38	39	18	31
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.05x	0.02x	0.00x	0.00x	0.00x
Interest Coverage (x)	1052.36x	278.40x	311.67x	587.02x	508.34x	132.80x	217.14x	301.25x	357.13x	-207.30x
	2.93x	3.73x	3.45x	3.51x	3.64x	3.07x	2.60x	1.97x	1.43x	2.04x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	60.03%	3.49%	-23.75%	36.71%	-31.88%	31.45%	37.92%	-10.04%	48.61%	-35.31%
Operating Profit Growth %	42.94%	6.04%	-35.29%	47.23%	-38.52%	0.33%	45.48%	-6.21%	60.64%	-49.06%
Net Profit Growth %	41.98%	4.76%	-44.80%	84.07%	-39.57%	-1.37%	48.72%	-7.14%	14.94%	-194.46%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.79%	15.45%	-194.46%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	38.23x	43.69x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.55x	9.97x	9.07x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.53%	1.16%	1.31%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	27.89x	22.84x	27.48x

Mar 2017

EPS (₹): 24.96
Book Value (₹): 66.36
Dividend per Share (₹): 4.50
Cash EPS (₹): 25.47
Operating Margin %: 37.00%
Net Margin %: 26.31%
ROE %: 45.23%
ROCE %: 62.72%
: 34.19%
Debtor Days: 22
Inventory Days: 20
Payable Days: 31
: 11
Debt to Equity (x): 0.00x
Interest Coverage (x): 1052.36x
: 2.93x
Revenue Growth %: 60.03%
Operating Profit Growth %: 42.94%
Net Profit Growth %: 41.98%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 26.16
Book Value (₹): 86.26
Dividend per Share (₹): 4.50
Cash EPS (₹): 26.78
Operating Margin %: 37.91%
Net Margin %: 26.63%
ROE %: 34.27%
ROCE %: 47.98%
: 26.95%
Debtor Days: 24
Inventory Days: 27
Payable Days: 40
: 12
Debt to Equity (x): 0.00x
Interest Coverage (x): 278.40x
: 3.73x
Revenue Growth %: 3.49%
Operating Profit Growth %: 6.04%
Net Profit Growth %: 4.76%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 14.44
Book Value (₹): 95.62
Dividend per Share (₹): 4.50
Cash EPS (₹): 15.05
Operating Margin %: 32.18%
Net Margin %: 19.28%
ROE %: 15.88%
ROCE %: 22.05%
: 12.98%
Debtor Days: 30
Inventory Days: 31
Payable Days: 57
: 4
Debt to Equity (x): 0.00x
Interest Coverage (x): 311.67x
: 3.45x
Revenue Growth %: -23.75%
Operating Profit Growth %: -35.29%
Net Profit Growth %: -44.80%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 26.58
Book Value (₹): 92.76
Dividend per Share (₹): 23.00
Cash EPS (₹): 27.43
Operating Margin %: 33.94%
Net Margin %: 25.43%
ROE %: 28.22%
ROCE %: 36.53%
: 23.13%
Debtor Days: 25
Inventory Days: 20
Payable Days: 43
: 2
Debt to Equity (x): 0.00x
Interest Coverage (x): 587.02x
: 3.51x
Revenue Growth %: 36.71%
Operating Profit Growth %: 47.23%
Net Profit Growth %: 84.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 16.06
Book Value (₹): 108.73
Dividend per Share (₹): 5.00
Cash EPS (₹): 16.80
Operating Margin %: 30.84%
Net Margin %: 22.71%
ROE %: 15.94%
ROCE %: 20.92%
: 13.11%
Debtor Days: 52
Inventory Days: 33
Payable Days: 63
: 22
Debt to Equity (x): 0.00x
Interest Coverage (x): 508.34x
: 3.64x
Revenue Growth %: -31.88%
Operating Profit Growth %: -38.52%
Net Profit Growth %: -39.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 15.84
Book Value (₹): 118.15
Dividend per Share (₹): 9.00
Cash EPS (₹): 16.65
Operating Margin %: 23.49%
Net Margin %: 17.00%
ROE %: 13.96%
ROCE %: 18.12%
: 11.32%
Debtor Days: 66
Inventory Days: 33
Payable Days: 59
: 41
Debt to Equity (x): 0.05x
Interest Coverage (x): 132.80x
: 3.07x
Revenue Growth %: 31.45%
Operating Profit Growth %: 0.33%
Net Profit Growth %: -1.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 23.56
Book Value (₹): 130.38
Dividend per Share (₹): 5.00
Cash EPS (₹): 24.36
Operating Margin %: 24.80%
Net Margin %: 18.35%
ROE %: 18.96%
ROCE %: 24.12%
: 15.02%
Debtor Days: 55
Inventory Days: 38
Payable Days: 55
: 38
Debt to Equity (x): 0.02x
Interest Coverage (x): 217.14x
: 2.60x
Revenue Growth %: 37.92%
Operating Profit Growth %: 45.48%
Net Profit Growth %: 48.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 22.20
Book Value (₹): 112.31
Dividend per Share (₹): 13.00
Cash EPS (₹): 22.97
Operating Margin %: 19.87%
Net Margin %: 18.93%
ROE %: 18.15%
ROCE %: 22.92%
: 14.25%
Debtor Days: 53
Inventory Days: 46
Payable Days: 61
: 39
Debt to Equity (x): 0.00x
Interest Coverage (x): 301.25x
: 1.97x
Revenue Growth %: -10.04%
Operating Profit Growth %: -6.21%
Net Profit Growth %: -7.14%
: -5.79%
P/E (x): 38.23x
P/B (x): 7.55x
Dividend Yield %: 1.53%
: 27.89x

Mar 2025

EPS (₹): 25.62
Book Value (₹): 112.28
Dividend per Share (₹): 13.00
Cash EPS (₹): 26.47
Operating Margin %: 23.93%
Net Margin %: 14.68%
ROE %: 22.77%
ROCE %: 31.43%
: 16.65%
Debtor Days: 32
Inventory Days: 33
Payable Days: 47
: 18
Debt to Equity (x): 0.00x
Interest Coverage (x): 357.13x
: 1.43x
Revenue Growth %: 48.61%
Operating Profit Growth %: 60.64%
Net Profit Growth %: 14.94%
: 15.45%
P/E (x): 43.69x
P/B (x): 9.97x
Dividend Yield %: 1.16%
: 22.84x

Mar 2026

EPS (₹): -24.21
Book Value (₹): 75.74
Dividend per Share (₹): 9.00
Cash EPS (₹): -23.28
Operating Margin %: 14.53%
Net Margin %: -21.47%
ROE %: -25.75%
ROCE %: -19.59%
: -18.03%
Debtor Days: 40
Inventory Days: 53
Payable Days: 62
: 31
Debt to Equity (x): 0.00x
Interest Coverage (x): -207.30x
: 2.04x
Revenue Growth %: -35.31%
Operating Profit Growth %: -49.06%
Net Profit Growth %: -194.46%
: -194.46%
P/E (x): 0.00x
P/B (x): 9.07x
Dividend Yield %: 1.31%
: 27.48x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.43	73.43	73.43	73.43	73.43	73.43	73.43	73.43
	6.11	6.78	6.18	6.47	5.98	5.30	3.28	2.43
	8.96	8.45	8.68	8.60	8.84	8.74	8.72	8.47
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.50	11.34	11.72	11.50	11.76	12.52	14.58	15.66

Sep 2024

: 73.43
: 6.11
: 8.96
Government: 0.00
: 11.50

Dec 2024

: 73.43
: 6.78
: 8.45
Government: 0.00
: 11.34

Mar 2025

: 73.43
: 6.18
: 8.68
Government: 0.00
: 11.72

Jun 2025

: 73.43
: 6.47
: 8.60
Government: 0.00
: 11.50

Sep 2025

: 73.43
: 5.98
: 8.84
Government: 0.00
: 11.76

Dec 2025

: 73.43
: 5.30
: 8.74
Government: 0.00
: 12.52

Mar 2026

: 73.43
: 3.28
: 8.72
Government: 0.00
: 14.58

Jun 2026

: 73.43
: 2.43
: 8.47
Government: 0.00
: 15.66

Documents

Announcements

Investor Presentation
2026-08-12 - Symphony Limited has informed the Exchange about Investor Presentation
General Updates
2026-08-12 - Interaction with Electronic Media

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC