India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#419- Valuation
- ₹7,461 Cr
Market Cap
₹3,690 Cr
SYMPHONY · NSE
Share Price
₹525.25
-2.24% today
Revenue
₹1,172 Cr
FY 2025-26 · -27.8% YoY
EBITDA
−₹82.03 Cr
Margin -7.0%
Net Profit
₹19.35 Cr
FY 2025-26 · -92.1% YoY
ROE
3.0%
ROCE 20.3%
Debt / Equity
0.24
Interest cover -18.0x
Authorised capital
₹15 Cr
Registered with MCA
About Symphony Limited
Data last updated:
Symphony Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 05 February 1988 and has been in existence for over 38 years.
Its director Achal Anil Bakeri and family are #763 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L32201GJ1988PLC010331. Its GSTIN is 24AACCS6739B1ZK (Gujarat). The company holds 35 GST registrations, of which 24 are active. Its shares are listed on BSE: 517385 and NSE: SYMPHONY.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.73 Cr. It was formerly known as Symphony Comfort Systems Pvt Ltd and Symphony Comfort Systems Ltd. It is led by directors including Achal Anil Bakeri (Managing Director) and Nrupesh Chandravadan Shah (Managing Director).
Its last annual general meeting (AGM) was held on 01 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Symphony House Third Floor Fp – 12 Tp – 50 Off S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380059.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,171.57 Cr, a decline of 27.8% compared to the previous year. For the same year it recorded a net profit of ₹19.35 Cr (net margin 1.7%) and EBITDA of -₹82.03 Cr (EBITDA margin -7%). The net worth stands at ₹545.22 Cr (down 28.3% YoY). Total assets are valued at ₹731.19 Cr (down 20% YoY).
The company has about 457 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Symphony Limited. As per MCA filings, the company has open charges of ₹431.39 Cr and satisfied charges of ₹403.06 Cr on record. Court records list 172 cases involving the company, including 129 filed by the company and 43 filed against it; 12 cases are pending. The company has 11 deals on record (11 market trades); the latest was in May 2025. The company has 22 MSME Form 1 returns on record between 2017 and 2023, listing 2,912 overdue payments to 185 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website symphonylimited.com.
Company details
CIN L32201GJ1988PLC010331
Registration Number 010331
Incorporation Date 05 February 1988
ROC Ahmedabad
Listing Status Listed (BSE: 517385, NSE: SYMPHONY)
Company Status Active
Date of Last AGM 01 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Symphony has undergone 2 name changes throughout its history. The company was previously known as Symphony Comfort Systems Pvt Ltd, and Symphony Comfort Systems Ltd. The current legal name is Symphony Limited.
| Company Name | Status |
|---|---|
| Symphony Limited | Current |
| Symphony Comfort Systems Pvt Ltd | Previous |
| Symphony Comfort Systems Ltd | Previous |
Key People
Achal Anil Bakeri Managing Director Nrupesh Chandravadan Shah Managing Director Santosh Kumar Nema Director Recognitions & Rankings of Symphony
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #763 Achal Anil Bakeri & family ₹4,100 Cr
Contact details
Symphony Limited's registered office is in Ahmedabad, Gujarat. Its website is symphonylimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSymphony House Third Floor Fp – 12 Tp – 50 Off S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Symphony Limited, buy the company report.
Comprehensive company report
Symphony Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Symphony operates one associated brand: Symphony Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air coolers brand | symphonylimited.com |
Business activity
The main business activity of Symphony is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Symphony Limited, buy the company report.
Financials of Symphony Limited
FY 2025-26 filings availableSymphony Limited reported revenue of ₹1,171.57 Cr (down 27.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,172 Cr
-27.8% YoY
EBITDA
−₹82.03 Cr
-130.8% YoY
Profit After Tax
₹19.35 Cr
-92.1% YoY
Net Worth
₹545 Cr
-28.3% YoY
Total Assets
₹731 Cr
-20.0% YoY
Total Debt
₹173 Cr
+21.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,172 | 1,624 | 1,193 | 1,227 | 1,082 | 999 | 1,103 |
| Revenue growth | -27.8% | +36.0% | -2.8% | +13.4% | +8.3% | -9.4% | - |
| EBITDA | (82.03) | 266 | 168 | 140 | 162 | 133 | 209 |
| EBITDA margin | -7.0% | +16.4% | +14.1% | +11.4% | +15.0% | +13.3% | +19.0% |
| Profit before tax | (59.24) | 280 | 181 | 152 | 168 | 131 | 230 |
| Net profit | 19.35 | 244 | 147 | 116 | 120 | 112 | 184 |
| Net profit margin | +1.7% | +15.1% | +12.3% | +9.5% | +11.1% | +11.3% | +16.7% |
| EPS (₹) | (20.55) | 30.95 | 21.48 | 16.64 | 17.20 | 15.35 | 25.94 |
| Balance sheet | |||||||
| Total assets | 731 | 913 | 932 | 1,124 | 1,109 | 993 | 863 |
| Net worth | 545 | 761 | 749 | 881 | 839 | 759 | 639 |
| Total debt | 173 | 142 | 170 | 232 | 254 | 219 | 210 |
| Cash & bank | 52.14 | 37.55 | 43.65 | 56.72 | 67.55 | 38.49 | 25.44 |
| Net working capital | 279 | 112 | 203 | 234 | 261 | 147 | 133 |
| Cash flow | |||||||
| Cash from operations | (81.15) | 259 | 162 | 125 | 56.84 | 88.66 | 157 |
| Cash from investing | 190 | (41.27) | 193 | (11.57) | 6.28 | (53.37) | 78.13 |
| Cash from financing | (94.59) | (224) | (367) | (124) | (33.76) | (21.33) | (241) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 378 | 338 | 233 | 163 | 251 | 488 | 242 | 289 |
| Revenue growth (YoY) | +50.6% | -30.7% | -3.7% | -43.6% | -36.1% | - | - | - |
| Other income | 13.00 | 13.00 | 12.00 | 13.00 | 29.00 | 11.00 | 7.00 | 18.00 |
| EBITDA | 46.00 | (159) | 24.00 | 18.00 | 26.00 | 107 | (17.00) | 63.00 |
| EBITDA margin | +12.2% | -47.0% | +10.3% | +11.0% | +10.4% | +21.9% | -7.0% | +21.8% |
| Depreciation | 6.00 | 6.00 | 5.00 | 3.00 | 2.00 | 5.00 | 6.00 | 2.00 |
| Interest | 3.00 | 5.00 | 4.00 | 0.00 | 0.00 | 3.00 | 2.00 | 0.00 |
| Profit before tax | 50.00 | (157) | 27.00 | 28.00 | 53.00 | 110 | (18.00) | 79.00 |
| Tax | 10.00 | 61.00 | 8.00 | 9.00 | 11.00 | 31.00 | (8.00) | 23.00 |
| Net profit | 40.00 | (218) | 19.00 | 19.00 | 42.00 | 79.00 | (10.00) | 56.00 |
| EPS (₹) | 5.77 | (31.87) | 2.74 | 2.76 | 6.08 | 11.39 | (1.37) | 8.11 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 774 | 1,198 | 806 | 898 | 651 | 496 | 716 |
| Revenue growth | -35.4% | +48.6% | -10.2% | +38.0% | +31.2% | -30.8% | - |
| EBITDA | (179) | 200 | 153 | 177 | 115 | 117 | 200 |
| EBITDA margin | -23.1% | +16.7% | +19.0% | +19.7% | +17.7% | +23.6% | +27.9% |
| Profit before tax | (127) | 242 | 195 | 216 | 146 | 147 | 240 |
| Net profit | 81.22 | 238 | 159 | 164 | 111 | 112 | 187 |
| Net profit margin | +10.5% | +19.9% | +19.7% | +18.3% | +17.0% | +22.7% | +26.1% |
| EPS (₹) | (24.21) | 25.62 | 22.20 | 23.56 | 15.84 | 16.06 | 26.58 |
| Balance sheet | |||||||
| Total assets | 520 | 771 | 774 | 934 | 867 | 761 | 650 |
| Net worth | 520 | 771 | 774 | 912 | 826 | 761 | 649 |
| Total debt | 0.00 | 0.00 | 0.00 | 21.95 | 40.41 | 0.00 | 0.68 |
| Cash & bank | 20.71 | 21.52 | 23.74 | 48.87 | 14.46 | 25.27 | 6.57 |
| Net working capital | 104 | (3.52) | 72.42 | 171 | 141 | 67.80 | 76.11 |
| Cash flow | |||||||
| Cash from operations | 16.18 | 253 | 195 | 136 | 7.91 | 101 | 117 |
| Cash from investing | 65.53 | (76.95) | 93.93 | (11.51) | (8.31) | (73.58) | 79.68 |
| Cash from financing | (82.58) | (179) | (313) | (89.54) | (10.11) | (7.95) | (208) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 241 | 199 | 182 | 155 | 229 | 368 | 182 | 259 |
| Revenue growth (YoY) | +5.2% | -45.9% | 0.0% | -40.2% | -38.6% | - | - | - |
| Other income | 11.00 | 11.00 | 14.00 | 13.00 | 27.00 | 12.00 | 7.00 | 20.00 |
| Total expenses | 213 | 466 | 151 | 128 | 206 | 310 | 195 | 187 |
| EBITDA | 28.00 | (267) | 31.00 | 27.00 | 23.00 | 58.00 | (13.00) | 72.00 |
| EBITDA margin | +11.6% | -134.2% | +17.0% | +17.4% | +10.0% | +15.8% | -7.1% | +27.8% |
| Depreciation | 2.00 | 1.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 37.00 | (257) | 43.00 | 38.00 | 49.00 | 68.00 | (7.00) | 90.00 |
| Tax | 9.00 | 8.00 | 9.00 | 10.00 | 12.00 | 24.00 | (3.00) | 23.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 378 | 338 | 233 | 163 | 251 | 488 | 242 | 289 |
| Revenue growth (YoY) | +50.6% | -30.7% | -3.7% | -43.6% | -36.1% | - | - | - |
| Other income | 13.00 | 13.00 | 12.00 | 13.00 | 29.00 | 11.00 | 7.00 | 18.00 |
| EBITDA | 46.00 | (159) | 24.00 | 18.00 | 26.00 | 107 | (17.00) | 63.00 |
| EBITDA margin | +12.2% | -47.0% | +10.3% | +11.0% | +10.4% | +21.9% | -7.0% | +21.8% |
| Depreciation | 6.00 | 6.00 | 5.00 | 3.00 | 2.00 | 5.00 | 6.00 | 2.00 |
| Interest | 3.00 | 5.00 | 4.00 | 0.00 | 0.00 | 3.00 | 2.00 | 0.00 |
| Profit before tax | 50.00 | (157) | 27.00 | 28.00 | 53.00 | 110 | (18.00) | 79.00 |
| Tax | 10.00 | 61.00 | 8.00 | 9.00 | 11.00 | 31.00 | (8.00) | 23.00 |
| Net profit | 40.00 | (218) | 19.00 | 19.00 | 42.00 | 79.00 | (10.00) | 56.00 |
| EPS (₹) | 5.77 | (31.87) | 2.74 | 2.76 | 6.08 | 11.39 | (1.37) | 8.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,172 | 1,624 | 1,193 | 1,227 | 1,082 | 999 | 1,103 |
| Revenue growth | -27.8% | +36.0% | -2.8% | +13.4% | +8.3% | -9.4% | - |
| Other income | 60.77 | 47.03 | 50.73 | 50.23 | 39.93 | 31.40 | 54.72 |
| Total expenses | 1,254 | 1,358 | 1,025 | 1,088 | 920 | 866 | 893 |
| Employee cost | 136 | 126 | 121 | 124 | 116 | 103 | 113 |
| EBITDA | (82.03) | 266 | 168 | 140 | 162 | 133 | 209 |
| EBITDA margin | -7.0% | +16.4% | +14.1% | +11.4% | +15.0% | +13.3% | +19.0% |
| Depreciation | 19.71 | 22.24 | 25.83 | 26.45 | 24.18 | 21.42 | 21.15 |
| Interest | 18.27 | 11.25 | 11.98 | 11.64 | 10.35 | 12.05 | 12.57 |
| Profit before tax | (59.24) | 280 | 181 | 152 | 168 | 131 | 230 |
| Tax | 81.81 | 67.09 | 32.82 | 36.06 | 46.66 | 23.76 | 48.70 |
| Net profit | 19.35 | 244 | 147 | 116 | 120 | 112 | 184 |
| Net profit margin | +1.7% | +15.1% | +12.3% | +9.5% | +11.1% | +11.3% | +16.7% |
| EPS (₹) | (20.55) | 30.95 | 21.48 | 16.64 | 17.20 | 15.35 | 25.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.73 | 13.73 | 13.79 | 13.99 | 13.99 | 13.99 | 13.99 |
| Reserves & surplus | 531 | 747 | 735 | 867 | 825 | 745 | 625 |
| Shareholders' funds (net worth) | 545 | 761 | 749 | 881 | 839 | 759 | 639 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 5.34 | 4.70 | 4.25 |
| Secured loans | 0.00 | 53.67 | 81.66 | 132 | 219 | 184 | 0.00 |
| Unsecured loans | 173 | 88.00 | 88.24 | 99.51 | 35.14 | 34.77 | 210 |
| Total debt | 173 | 142 | 170 | 232 | 254 | 219 | 210 |
| Total liabilities | 731 | 913 | 932 | 1,124 | 1,109 | 993 | 863 |
| Assets | |||||||
| Gross block | 381 | 493 | 492 | 504 | 485 | 458 | 402 |
| Net block | 171 | 322 | 327 | 351 | 355 | 354 | 318 |
| Capital work in progress | 0.00 | 0.00 | 0.05 | 0.24 | 0.34 | 0.48 | 1.83 |
| Investments | 268 | 440 | 373 | 527 | 500 | 484 | 412 |
| Inventories | 312 | 284 | 231 | 250 | 173 | 118 | 118 |
| Sundry debtors | 151 | 141 | 168 | 115 | 208 | 166 | 121 |
| Cash & bank balances | 52.14 | 37.55 | 43.65 | 56.72 | 67.55 | 38.49 | 25.44 |
| Loans & advances | 61.93 | 57.41 | 39.02 | 82.94 | 55.58 | 44.32 | 63.11 |
| Total current assets | 578 | 520 | 481 | 505 | 504 | 367 | 327 |
| Total current liabilities | 298 | 408 | 278 | 270 | 243 | 220 | 195 |
| Net working capital | 279 | 112 | 203 | 234 | 261 | 147 | 133 |
| Total assets | 731 | 913 | 932 | 1,124 | 1,109 | 993 | 863 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 35.12 | 41.45 | 53.66 | 63.91 | 34.55 | 20.59 | 26.15 |
| Net cash from operating activities | (81.15) | 259 | 162 | 125 | 56.84 | 88.66 | 157 |
| Net cash from investing activities | 190 | (41.27) | 193 | (11.57) | 6.28 | (53.37) | 78.13 |
| Net cash from financing activities | (94.59) | (224) | (367) | (124) | (33.76) | (21.33) | (241) |
| Net change in cash | 14.44 | (6.33) | (12.21) | (10.25) | 29.36 | 13.96 | (5.56) |
| Closing cash | 52.14 | 37.55 | 43.65 | 56.72 | 67.55 | 38.49 | 25.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -27.8% | +36.0% | -2.8% | +13.4% | +8.3% | -9.4% | - |
| EBITDA growth | -130.8% | +58.3% | +20.2% | -13.8% | +21.7% | -36.4% | - |
| PBT growth | - | +54.5% | +19.1% | -9.3% | +27.7% | -43.1% | +77.1% |
| Net income growth | -92.1% | +66.2% | +26.2% | -3.2% | +7.0% | -38.9% | - |
| Revenue CAGR (3Y) | -1.5% | +14.5% | +6.1% | +3.6% | +8.7% | +7.8% | +13.0% |
| EBITDA CAGR (3Y) | - | +18.0% | +8.1% | -12.6% | +14.2% | -15.4% | +1.7% |
| Profitability & leverage | |||||||
| Net income margin | -12.0% | +13.1% | +12.4% | +9.4% | +11.2% | +10.8% | +16.5% |
| Return on capital employed | +20.3% | +36.3% | +18.8% | +14.7% | +17.0% | +15.5% | +28.3% |
| Return on net worth | +3.0% | +32.4% | +18.2% | +13.5% | +15.1% | +15.4% | +27.9% |
| Debt / equity | 0.24 | 0.21 | 0.25 | 0.28 | 0.30 | 0.31 | 0.30 |
| Long-term debt / equity | 0.02 | 0.05 | 0.10 | 0.14 | 0.19 | 0.19 | 0.17 |
| Interest cover | -17.96 | 4.61 | 8.42 | 10.27 | 7.50 | 10.78 | 6.67 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.68 | 3.30 | 2.40 | 2.48 | 2.30 | 2.32 | 3.14 |
| Inventory turnover | 3.93 | 6.31 | 4.97 | 5.80 | 7.42 | 8.46 | 9.29 |
| Debtors turnover | 8.02 | 10.51 | 8.43 | 7.60 | 5.79 | 6.96 | 9.77 |
| EPS (₹) | (20.55) | 30.95 | 21.48 | 16.64 | 17.20 | 15.35 | 25.94 |
| Dividend per share (₹) | 9.00 | 13.00 | 13.00 | 5.00 | 9.00 | 5.00 | 23.00 |
| Book value per share (₹) | 79.42 | 110.79 | 108.63 | 125.93 | 120.01 | 108.54 | 91.38 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 241 | 199 | 182 | 155 | 229 | 368 | 182 | 259 |
| Revenue growth (YoY) | +5.2% | -45.9% | 0.0% | -40.2% | -38.6% | - | - | - |
| Other income | 11.00 | 11.00 | 14.00 | 13.00 | 27.00 | 12.00 | 7.00 | 20.00 |
| Total expenses | 213 | 466 | 151 | 128 | 206 | 310 | 195 | 187 |
| EBITDA | 28.00 | (267) | 31.00 | 27.00 | 23.00 | 58.00 | (13.00) | 72.00 |
| EBITDA margin | +11.6% | -134.2% | +17.0% | +17.4% | +10.0% | +15.8% | -7.1% | +27.8% |
| Depreciation | 2.00 | 1.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 37.00 | (257) | 43.00 | 38.00 | 49.00 | 68.00 | (7.00) | 90.00 |
| Tax | 9.00 | 8.00 | 9.00 | 10.00 | 12.00 | 24.00 | (3.00) | 23.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 774 | 1,198 | 806 | 898 | 651 | 496 | 716 |
| Revenue growth | -35.4% | +48.6% | -10.2% | +38.0% | +31.2% | -30.8% | - |
| Other income | 58.51 | 48.83 | 48.29 | 46.11 | 37.87 | 35.71 | 46.87 |
| Total expenses | 952 | 998 | 653 | 721 | 535 | 379 | 516 |
| Employee cost | 80.27 | 76.64 | 71.52 | 72.95 | 62.71 | 50.57 | 55.34 |
| EBITDA | (179) | 200 | 153 | 177 | 115 | 117 | 200 |
| EBITDA margin | -23.1% | +16.7% | +19.0% | +19.7% | +17.7% | +23.6% | +27.9% |
| Depreciation | 6.37 | 5.83 | 5.34 | 5.58 | 5.68 | 5.16 | 5.94 |
| Interest | 0.61 | 0.68 | 0.65 | 1.00 | 1.11 | 0.29 | 0.41 |
| Profit before tax | (127) | 242 | 195 | 216 | 146 | 147 | 240 |
| Tax | 39.11 | 66.26 | 42.12 | 51.34 | 35.49 | 34.78 | 54.36 |
| Net profit | 81.22 | 238 | 159 | 164 | 111 | 112 | 187 |
| Net profit margin | +10.5% | +19.9% | +19.7% | +18.3% | +17.0% | +22.7% | +26.1% |
| EPS (₹) | (24.21) | 25.62 | 22.20 | 23.56 | 15.84 | 16.06 | 26.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.73 | 13.73 | 13.79 | 13.99 | 13.99 | 13.99 | 13.99 |
| Reserves & surplus | 506 | 757 | 761 | 898 | 812 | 747 | 635 |
| Shareholders' funds (net worth) | 520 | 771 | 774 | 912 | 826 | 761 | 649 |
| Secured loans | 0.00 | 0.00 | 0.00 | 21.95 | 40.41 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.68 |
| Total debt | 0.00 | 0.00 | 0.00 | 21.95 | 40.41 | 0.00 | 0.68 |
| Total liabilities | 520 | 771 | 774 | 934 | 867 | 761 | 650 |
| Assets | |||||||
| Gross block | 148 | 125 | 114 | 109 | 112 | 97.80 | 93.80 |
| Net block | 96.66 | 80.18 | 73.51 | 73.88 | 80.02 | 71.43 | 70.80 |
| Capital work in progress | 0.00 | 0.00 | 0.05 | 0.24 | 0.55 | 0.33 | 0.00 |
| Investments | 270 | 574 | 557 | 629 | 597 | 579 | 503 |
| Inventories | 96.86 | 127 | 88.00 | 117 | 69.69 | 48.93 | 41.31 |
| Sundry debtors | 83.26 | 86.72 | 120 | 116 | 156 | 80.75 | 59.72 |
| Cash & bank balances | 20.71 | 21.52 | 23.74 | 48.87 | 14.46 | 25.27 | 6.57 |
| Loans & advances | 71.70 | 30.80 | 15.31 | 44.94 | 37.39 | 28.26 | 61.18 |
| Total current assets | 273 | 266 | 247 | 327 | 277 | 183 | 169 |
| Total current liabilities | 168 | 270 | 175 | 156 | 136 | 115 | 92.67 |
| Net working capital | 104 | (3.52) | 72.42 | 171 | 141 | 67.80 | 76.11 |
| Total assets | 520 | 771 | 774 | 934 | 867 | 761 | 650 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 19.36 | 21.84 | 46.07 | 11.02 | 21.53 | 2.24 | 12.89 |
| Net cash from operating activities | 16.18 | 253 | 195 | 136 | 7.91 | 101 | 117 |
| Net cash from investing activities | 65.53 | (76.95) | 93.93 | (11.51) | (8.31) | (73.58) | 79.68 |
| Net cash from financing activities | (82.58) | (179) | (313) | (89.54) | (10.11) | (7.95) | (208) |
| Net change in cash | (0.87) | (2.48) | (24.23) | 35.05 | (10.51) | 19.29 | (10.65) |
| Closing cash | 20.71 | 21.52 | 23.74 | 48.87 | 14.46 | 25.27 | 6.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -35.4% | +48.6% | -10.2% | +38.0% | +31.2% | -30.8% | - |
| EBITDA growth | -189.4% | +30.7% | -13.5% | +53.3% | -1.4% | -41.5% | - |
| PBT growth | - | +24.1% | -9.7% | +47.7% | -0.6% | -38.8% | +71.9% |
| Net income growth | -65.9% | +49.9% | -3.5% | +48.5% | -1.4% | -39.8% | - |
| Revenue CAGR (3Y) | -4.8% | +22.6% | +17.6% | +7.8% | +7.5% | -10.3% | +2.6% |
| EBITDA CAGR (3Y) | - | +20.2% | +9.4% | -4.0% | +1.2% | -19.0% | -1.3% |
| Profitability & leverage | |||||||
| Net income margin | -21.5% | +14.7% | +19.0% | +18.4% | +17.0% | +22.7% | +26.0% |
| Return on capital employed | +25.5% | +42.6% | +22.9% | +24.1% | +18.1% | +20.9% | +36.5% |
| Return on net worth | +12.6% | +30.8% | +18.2% | +19.0% | +14.0% | +15.9% | +28.2% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.04 | 0.03 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -0.33 | 0.35 | 0.44 | 0.58 | 1.01 | 0.26 | 0.21 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.66 | 10.00 | 7.21 | 8.13 | 6.21 | 5.18 | 8.01 |
| Inventory turnover | 6.91 | 11.13 | 7.87 | 9.63 | 10.97 | 10.99 | 18.12 |
| Debtors turnover | 9.11 | 11.58 | 6.82 | 6.61 | 5.51 | 7.06 | 14.11 |
| EPS (₹) | (24.21) | 25.62 | 22.20 | 23.56 | 15.84 | 16.06 | 26.58 |
| Dividend per share (₹) | 9.00 | 13.00 | 13.00 | 5.00 | 9.00 | 5.00 | 23.00 |
| Book value per share (₹) | 75.74 | 112.28 | 112.31 | 130.38 | 118.15 | 108.73 | 92.76 |
To see the full year-wise statements and ratios of Symphony Limited, buy the company report.
Board of directors of Symphony Limited
Symphony has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kumar Nema Also directs: Zovanco LLP, Nmbrlogic Internet Private Limited | Director | 31 Jul 2019 | 7 Years 2 Months | Current |
| Reena Pravin Bhagwati | Director | 05 Feb 2019 | 7 Years 8 Months | Current |
| Jonaki Achal Bakeri | Director | 20 Aug 2014 | 12 Years 2 Months | Current |
| Achal Anil Bakeri | Managing Director | 26 Dec 2008 | 17 Years 9 Months | Current |
| Nrupesh Chandravadan Shah | Managing Director | 19 Oct 2002 | 24 Years 0 Months | Current |
| Ashish Rameshchandra Deshpande Also directs: Elephant Design Private Limited | Director | 22 May 2018 | 8 Years 5 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Symphony Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2023 | 117365W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.40%, foreign institutional investors hold 2.40%, domestic institutional investors hold 8.50% and retail and other public shareholders hold 15.70%.
Sep 2026
QUARTER
73.40% Promoters
8.50% DII (Domestic Institutional)
2.40% FII (Foreign Institutional)
15.70% Retail & Others
Promoter holding - history
Now 73.40% · Sep 2026High 73.40% · Dec 2025Low 73.40% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.40% | 73.40% | 73.40% | 73.40% |
| Public | 26.60% | 26.60% | 26.60% | 26.60% |
Charges & borrowings
Open charges
₹431.39 Cr
Satisfied charges
₹403.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2023 | 100724473 | Standard Chartered Bank | ₹200 Cr | Open | |
| 16 Mar 2023 | 100711552 | Hdfc Bank Limited | ₹39 Cr | Open | |
| 10 Jun 2021 | 100451950 | Others | ₹75 Cr | Open | |
| 22 Nov 2018 | 100223383 | Standard Chartered Bank | ₹117.35 Cr | Open | |
| 23 Feb 2016 | 10625575 | Corporation Bank | ₹50,000 | Open |
To see the full charge records of Symphony Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Symphony Limited has 11 deals on record (11 market trades); the latest was in May 2025.
Total deals
11
Market trades
11
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Market trade | ₹60.1 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹57.32 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2012 | Market trade | ₹18.94 Cr | Buyer: Goodwill Warehousing Private Limited Seller: an individual |
| May 2009 | Market trade | ₹39.5 Lakh | Buyer: an individual Seller: Rowenta Networks Private Limited |
| May 2009 | Market trade | ₹1.09 Cr | Buyer: 2 individuals Seller: Blubay Technologies Private Limited , Rowenta Networks Private Limited |
To see the full deal history of Symphony Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Symphony Limited has 172 court cases on record: 129 filed by Symphony, 43 filed against it. 12 cases are pending and 160 are disposed.
Total cases
172
Filed by the company
129
Filed against the company
43
Pending
12
Disposed
160
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 97 | 25 | 5 |
| District courts | 65 | 12 | 7 |
| Supreme Court | 5 | 4 | 0 |
| NCLAT | 3 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 172)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed by the company against Summer Cool Home Appliances Ltd. and 4 others | Pending |
| High Court, GUJARAT | Civil suit | Filed by the company against Summer Cool Home Appliances Ltd. and 4 others | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Sharepro Services (India) Private Limited and 10 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed by the company against Bizzcat Tech Solutions and Services Pvt.Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed by the company against Summer Cool Home Appliances Ltd. and 1 other | Disposed |
To see the full case history of Symphony Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Symphony Limited has 22 MSME Form 1 returns on record between 2017 and 2023, listing 2,912 overdue payments to 185 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 185)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Srigee DLM Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Shree Balaji Printing & Packaging Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Symphony Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Symphony Limited has a workforce of 457 employees on its EPFO records as of Jul 05, 2024, across 1 active EPFO establishment.
Employee count
457
Active EPFO establishments
1
Employee growth
-3.99%
GST
Symphony has 35 GST registrations: 24 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
35
Active
24
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS6739B1ZK | Gujarat | Active | 01 Jul 2017 |
| 24AACCS6739B4ZH | Gujarat | Active | 21 Jul 2017 |
| 24AACCS6739B1CV | Gujarat | Active | 11 Jul 2023 |
| 03AACCS6739B1ZO | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Symphony Limited, buy the company report.
Recent activity
Symphony Limited has 22 board changes on record since 2002: 15 appointments and 7 cessations. The latest: Naishadh Indrakant Parikh ceased to be Director on 12 Aug 2025.
Charges
A charge registered on 17 Sep 2025 via Charge ID 101166267 with Standard Chartered Bank was fully satisfied on 15 Jun 2026.
Charges
A charge registered on 31 Dec 2020 via Charge ID 100406766 with Standard Chartered Bank was fully satisfied on 17 Mar 2026.
Charges
A charge with Standard Chartered Bank of Rs. 200.00 Cr registered on 18 May 2023 with Charge ID 100724473 was modified on 19 Feb 2026.
Charges
A charge with Standard Chartered Bank amounted to Rs. 117.35 Cr with Charge ID 101166267 was registered on 17 Sep 2025.
Charges
A charge with Standard Chartered Bank of Rs. 117.35 Cr registered on 22 Nov 2018 with Charge ID 100223383 was modified on 17 Sep 2025.
Ceased
Naishadh Indrakant Parikh ceased to be Director.
AGM
Symphony Limited last Annual general meeting of members was held on 01 Aug 2025 as per latest MCA records.
Filing
Symphony Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Malavika Ramanathan Harita was appointed as Director.
Charges
A charge registered on 21 Dec 2016 via Charge ID 100068014 with Standard Chartered Bank was fully satisfied on 05 Jun 2023.
Charges
A charge with Standard Chartered Bank amounted to Rs. 200.00 Cr with Charge ID 100724473 was registered on 18 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 39.00 Cr with Charge ID 100711552 was registered on 16 Mar 2023.
42 earlier events are in the company report.
News
Frequently asked questions
Symphony is an active public limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 05 February 1988 (38+ years old) and is registered under CIN L32201GJ1988PLC010331. Listed on BSE: 517385 and NSE: SYMPHONY.
Symphony reported revenue of ₹1,171.57 Cr for FY 2025-26 (down 27.8% YoY) based on consolidated financials.
Symphony has 7 current directors:
- Achal Anil Bakeri - Managing Director
- Nrupesh Chandravadan Shah - Managing Director
- Santosh Kumar Nema - Director
- Reena Pravin Bhagwati - Director
- Jonaki Achal Bakeri - Director
- Ashish Rameshchandra Deshpande - Director
- Malavika Ramanathan Harita - Director
The latest financial statements of Symphony on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Symphony is 24AACCS6739B1ZK, registered in Gujarat. The company has 35 GST registrations in all, of which 24 are active and 11 are cancelled or inactive. Other active GSTINs include 24AACCS6739B4ZH (Gujarat), 24AACCS6739B1CV (Gujarat), 03AACCS6739B1ZO (Punjab).
The CIN (Corporate Identification Number) of Symphony is L32201GJ1988PLC010331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Symphony is listed on both BSE (code: 517385) and NSE (symbol: SYMPHONY).
Symphony has 172 court cases on record: 129 filed by the company and 43 filed against it. 12 are pending. Most are in the high courts.
Symphony was incorporated on 05 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Symphony has 11 deals on record (11 market trades); the latest was in May 2025.
Naishadh Indrakant Parikh ceased to be Director on 12 Aug 2025. Malavika Ramanathan Harita was appointed as Director on 06 Aug 2024. Bhadresh Vinaychandra Mehta ceased to be CFO on 30 Sep 2021. Symphony has 22 board changes on record in total.