Symphony (SYMPHONY)
CyclicalFairStock Score: 40/100 — MIXED
Score breakdown: P/E: 0/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹621.3 |
| Market Cap | ₹4,266.55 Cr |
| P/E Ratio | 33.28 |
| ROCE | 36.8% |
| ROE | 18.82% |
| Dividend Yield | 1.45% |
| Profit Growth | 8.11% |
| Debt/Equity | 0.32 |
| Sales Growth | 50.6% |
| Promoter Holding | 73.43% |
| 52-Week Range | ₹564 — ₹970.45 |
| Sector | Consumer Durables |
| Book Value | ₹79.4 |
Strengths
- Very low debt: Debt/Equity of 0.01
- High return ratios: ROE 18.82% and ROCE 36.80%
- Strong promoter holding of 73.43% aligns interests
- Pays a modest dividend yield of 1.64%
Concerns
- Sharp decline: Sales -26.03%, Profit -23.56%
- Expensive valuation: P/E 33.28, P/B 7.25 despite falling earnings
- Piotroski F-score of 3/9 signals financial stress
- FairStock Score 18/100 rates the stock as risky
AI Analysis
At ₹806, Symphony is priced like a business with a glorious future, but the numbers tell me to keep my wallet shut. Household appliances is a decent industry, yet I don't see the kind of underlying earnings power that justifies this valuation. Sales fell by over 26% and profits by 23.5%. Yes, ROE is 18.8% and ROCE is an eye-catching 36.8%, but those are past glories. The Piotroski F-score of 3 out of 9 is a clear red flag—it suggests the financial situation is deteriorating near-term. At least the balance sheet is clean: D/E of 0.01, so there's no debt distress. Promoters hold 73%, which is good alignment, but it doesn't rescue the earnings trajectory. A dividend yield of 1.64% offers little cushion. The real problem is valuation. At 33.28 times trailing earnings and 7.25 times book value, the market is baking in a recovery. But Graham said to buy with a margin of safety, not hope. With shrinking sales, paying ₹806 against a book value of ₹111 is the opposite of cautious. The latest quarter—sales ₹179 Cr, net profit ₹20 Cr—shows no sign of a sharp rebound. Is this a cyclical swing? Possibly. Air coolers depend on summers. But I need proof, not probabilities. The F-score of 3, combined with FairStock's 18/100 risky rating, warns me away. I would wait until the quarterly numbers stabilize and the F-score improves to at least 5 or 6. Then I can appraise the moat and growth with confidence. For now, Symphony fails my test of value—it's a good story trading at a price that leaves no room for error.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer