Symphony Limited, established in 1988 and headquartered in Ahmedabad, Gujarat, is a global leader in the air-cooling industry. Renowned for its innovative and energy-efficient cooling solutions, the company has carved a niche as the largest air cooler manufacturer in the world, with 97% of its revenue stemming from air cooler sales. Symphony’s extensive product range caters to residential, commercial, and industrial needs, offering tailored cooling systems for diverse spaces such as homes, offices, retail establishments, factories, and warehouses. The company emphasizes innovation and sustainability, integrating advanced technologies into its products and securing multiple patents for unique designs. Known for its commitment to energy efficiency, Symphony ensures that its cooling solutions are not only powerful and effective but also environmentally friendly. With a robust global presence, Symphony exports to over 60 countries and operates subsidiaries in Mexico, Brazil, and the United States. Over the years, the company has received numerous awards for its innovative designs and eco-friendly practices, reinforcing its dedication to environmental conservation and customer satisfaction. Symphony continues to lead the air-cooling market with its focus on quality, performance, and sustainable solutions, making it a trusted name in cooling technology worldwide.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 73.38% | 73.38% | 73.38% | 73.42% | 73.42% |
| FIIs + | 3.40% | 3.32% | 4.83% | 6.11% | 6.78% |
| DIIs + | 11.03% | 10.27% | 9.98% | 8.96% | 8.45% |
| Public + | 12.17% | 13.02% | 11.80% | 11.51% | 11.33% |
| No. of Shareholders | 67,660 | 72,439 | 54,960 | 2,02,229 | 1,48,974 |
The shareholding pattern of Symphony showcases a consistent dominance of promoters, reflecting their strong commitment to the company. As of December 2023, the promoters held 73.38% of the shares, a stake that remained stable through the subsequent quarters until it slightly increased to 73.42% by September 2024 and remained unchanged in December 2024. Foreign Institutional Investors (FIIs) displayed a steady upward trend, starting at 3.40% in December 2023 and rising significantly to 6.78% by the end of 2024, indicating growing international interest in Symphony.
Domestic Institutional Investors (DIIs), however, showed a gradual decline in their holdings, from 11.03% in December 2023 to 8.45% in December 2024. Public shareholding also decreased slightly over the year, starting at 12.17% in December 2023 and tapering to 11.33% by December 2024. Interestingly, the number of shareholders exhibited fluctuations, beginning at 67,660 in December 2023, peaking at 2,02,229 in September 2024, and then settling at 1,48,974 by December 2024. This dynamic shareholding pattern underscores Symphony’s evolving investor base and increasing appeal among foreign investors.
Below are the trading platforms that you can use to purchase Symphony shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 1,352.99 | 1,040.76 |
| April 2025 | 1,339.59 | 1,030.46 |
| May 2025 | 1,300.58 | 1,000.44 |
| June 2025 | 1,359.10 | 1,045.46 |
| July 2025 | 1,332.45 | 1,024.96 |
| August 2025 | 1,373.66 | 1,056.66 |
| September 2025 | 1,390.15 | 1,069.34 |
| October 2025 | 1,426.29 | 1,097.15 |
| November 2025 | 1,461.95 | 1,124.58 |
| December 2025 | 1,527.74 | 1,175.18 |
As we step into March 2025, Symphony’s share price is anticipated to reach a maximum of ₹1,352.99, while the minimum share price is expected to hover around ₹1,040.76. Progressing through the year, the trend indicates a gradual upward movement, and as we step into December 2025, Symphony’s share price is projected to climb to a maximum of ₹1,527.74, with the minimum share price likely to settle at ₹1,175.18.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,573.57 | 1,210.44 |
| February 2026 | 1,534.23 | 1,180.18 |
| March 2026 | 1,564.91 | 1,203.78 |
| April 2026 | 1,596.85 | 1,228.35 |
| May 2026 | 1,581.04 | 1,216.18 |
| June 2026 | 1,620.57 | 1,246.59 |
| July 2026 | 1,588.79 | 1,222.15 |
| August 2026 | 1,637.93 | 1,259.94 |
| September 2026 | 1,670.69 | 1,285.14 |
| October 2026 | 1,714.12 | 1,318.56 |
| November 2026 | 1,756.98 | 1,351.52 |
| December 2026 | 1,800.90 | 1,385.31 |
As we move into January 2026, Symphony’s share price is expected to achieve a maximum of ₹1,573.57, while the minimum share price is projected to be ₹1,210.44. As the year unfolds, Symphony’s share price is anticipated to maintain a steady upward trend. By the time we move into December 2026, the maximum share price is forecasted to reach ₹1,800.90, with the minimum share price likely to settle at ₹1,385.31.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,818.91 | 1,399.16 |
| February 2027 | 1,865.55 | 1,435.04 |
| March 2027 | 1,938.31 | 1,491.00 |
| April 2027 | 1,900.30 | 1,461.77 |
| May 2027 | 1,844.95 | 1,419.19 |
| June 2027 | 1,927.97 | 1,483.06 |
| July 2027 | 1,890.17 | 1,453.98 |
| August 2027 | 1,948.63 | 1,498.95 |
| September 2027 | 2,016.83 | 1,551.41 |
| October 2027 | 2,069.27 | 1,591.75 |
| November 2027 | 2,121.00 | 1,631.54 |
| December 2027 | 2,174.03 | 1,672.33 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,217.51 | 1,705.77 |
| February 2028 | 2,274.36 | 1,749.51 |
| March 2028 | 2,363.07 | 1,817.74 |
| April 2028 | 2,316.73 | 1,782.10 |
| May 2028 | 2,249.25 | 1,730.19 |
| June 2028 | 2,350.47 | 1,808.05 |
| July 2028 | 2,304.38 | 1,772.60 |
| August 2028 | 2,375.65 | 1,827.42 |
| September 2028 | 2,458.80 | 1,891.38 |
| October 2028 | 2,522.73 | 1,940.56 |
| November 2028 | 2,585.80 | 1,989.07 |
| December 2028 | 2,650.44 | 2,038.80 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,703.45 | 2,079.58 |
| February 2029 | 2,772.77 | 2,132.90 |
| March 2029 | 2,880.91 | 2,216.08 |
| April 2029 | 2,824.42 | 2,172.63 |
| May 2029 | 2,742.15 | 2,109.35 |
| June 2029 | 2,865.55 | 2,204.27 |
| July 2029 | 2,809.36 | 2,161.05 |
| August 2029 | 2,896.25 | 2,227.89 |
| September 2029 | 2,997.62 | 2,305.86 |
| October 2029 | 3,075.56 | 2,365.81 |
| November 2029 | 3,152.45 | 2,424.96 |
| December 2029 | 3,231.26 | 2,485.58 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,295.88 | 2,535.29 |
| February 2030 | 3,380.39 | 2,600.30 |
| March 2030 | 3,512.23 | 2,701.71 |
| April 2030 | 3,443.36 | 2,648.74 |
| May 2030 | 3,343.07 | 2,571.59 |
| June 2030 | 3,493.51 | 2,687.31 |
| July 2030 | 3,425.01 | 2,634.62 |
| August 2030 | 3,530.94 | 2,716.10 |
| September 2030 | 3,654.52 | 2,811.17 |
| October 2030 | 3,749.54 | 2,884.26 |
| November 2030 | 3,843.27 | 2,956.36 |
| December 2030 | 3,939.36 | 3,030.27 |
As we progress into January 2030, Symphony’s share price is projected to reach a maximum of ₹3,295.88, while the minimum share price is expected to be ₹2,535.29. Throughout the year, Symphony’s share price is anticipated to exhibit steady growth. By December 2030, the maximum share price is forecasted to climb to ₹3,939.36, with the minimum share price likely to stand at ₹3,030.27.
Financial Condition of Symphony
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,103 | 900 | 1,039 | 1,188 | 1,156 | 1,420 |
| Expenses + | 889 | 759 | 877 | 1,048 | 985 | 1,159 |
| Operating Profit | 213 | 140 | 162 | 140 | 171 | 261 |
| OPM % | 19% | 16% | 16% | 12% | 15% | 18% |
| Other Income + | 51 | 24 | 40 | 50 | 48 | -1 |
| Interest | 13 | 12 | 10 | 12 | 12 | 9 |
| Depreciation | 21 | 21 | 24 | 26 | 26 | 23 |
| Profit before tax | 230 | 131 | 168 | 152 | 181 | 228 |
| Tax % | 21% | 18% | 28% | 24% | 18% | |
| Net Profit + | 182 | 107 | 121 | 116 | 148 | 182 |
| EPS in Rs | 25.94 | 15.34 | 17.2 | 16.64 | 21.48 | 26.39 |
| Dividend Payout % | 89% | 33% | 52% | 30% | 61% |
Symphony’s financial performance from March 2020 to March 2024 reflects a steady growth trajectory and operational resilience. The company achieved consistent growth in sales, beginning at ₹1,103 crore in March 2020 and peaking at ₹1,156 crore in March 2024, with the trailing twelve months (TTM) sales reaching an impressive ₹1,420 crore. This growth indicates Symphony’s ability to expand its market presence while adapting to evolving consumer demands. Expenses, too, rose proportionally, from ₹889 crore in March 2020 to ₹985 crore in March 2024, and ₹1,159 crore in the TTM period, reflecting effective cost control and operational efficiency. The operating profit demonstrated a steady trend, increasing from ₹213 crore in March 2020 to ₹171 crore in March 2024, with a significant TTM figure of ₹261 crore. Despite fluctuations in operating profit margins (OPM), ranging from 12% to 19%, Symphony showcased its capability to sustain profitability amidst changing market dynamics.
The company’s financial stability is further underscored by its low interest burden, with interest costs consistently maintained at around ₹12 crore and dropping to ₹9 crore in the TTM period. Other income, which stood at ₹48 crore in March 2024, saw a negative adjustment in the TTM period, hinting at potential one-time impacts. Profit before tax (PBT) remained robust, growing from ₹230 crore in March 2020 to ₹181 crore in March 2024, and reaching ₹228 crore in the TTM period. Net profit mirrored this trend, increasing from ₹182 crore in March 2020 to ₹148 crore in March 2024, with a TTM figure returning to ₹182 crore. Earnings per share (EPS) improved steadily from ₹25.94 in March 2020 to ₹21.48 in March 2024, with a peak of ₹26.39 in the TTM period. Symphony’s dividend payout policy showcased a balance between rewarding shareholders and retaining earnings for future growth, with payout percentages fluctuating between 30% and 89%. This consistent financial performance highlights Symphony’s strong market position and its commitment to creating value for its stakeholders.
FAQS
As of February 13th, 2025, the share price of Symphony is around INR 1,136.
Based on various market analyses and expert opinions, the expected share price target of Symphony by 2025 is around INR 1,527.74.
As per our analysis, Symphony share price target for 2030 would be somewhere between ₹2,535.29 and ₹3,939.36.
Also Read:
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- Shoppers Stop Share Price Target 2025, 2026 to 2030
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Conclusion
In conclusion, Symphony Limited showcases strong financial performance and a strong market position, driven by steady revenue growth, effective cost management, and sustained profitability. The company’s focus on innovation, sustainability, and expanding its global footprint has reinforced its leadership in air-cooling solutions. The shareholding pattern, marked by consistent promoter support and rising foreign institutional interest, reflects solid investor confidence. With promising share price projections for 2025 to 2030, Symphony is well-positioned for long-term growth, making it an appealing choice for investors seeking consistent returns in the cooling technology sector.
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