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Annual Report Review: Symphony

Here is my review of the FY17 annual report of India’s leading air cooler company, Symphony Ltd.

Click here to download the PDF review (5 MB file), or read it in the panel below.


Let me know your thoughts and questions on this review in the Comments section of this post, plus any additional thoughts from your own review of Symphony’s FY17 annual report.

Statutory Warning: This is NOT an investment advice to buy or sell shares. Please make your own decision, as blindly acting on anyone else’s research and opinions can be injurious to your wealth. I do not own the stock, but my analysis may be biased, and wrong. I have been wrong many times in the past. I am a registered Research Analyst as per SEBI (Research Analyst) Regulations, 2014 (Registration No. INH000000578).

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About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.

Comments

  1. Wow, I think this stock should be a part of my portfolio!

  2. Sir Maja a gia, please send some more frame karka rakhunga

  3. Very good post. I have been following you since a month and I am a beginner to understand financial reports.

    Few questions I have here:
    1. How do you weigh Strong financial strength and sounding business of a company out of 100 percent ?
    2. What is your take on Voltas vs Blue star vs Symphony ?

  4. Brilliant…thank you for analysis annual report.keep it up

  5. This is helpful Vishal. I have a question regards the software as to how did you write this up and retrieve the same for our read. Can you help?

  6. Vishal,

    Just one question. Given the business, at what valuations, you would be comfortable to buy it?

  7. Thanks for the report, VIshal.

    A lot of text is colored out with yellow blocks. Do I need to download to be able to see all the text?

    Regards
    Roshni

  8. ASHUTOSH SHARMA says:

    I think company is good but valuations are sky high. Negative capex is new thing I read here. They are trying hard to distinct their products from Competitor roducts but law of average will catch up sooner or later. Where is high margin, new competitors will come.

  9. Superb analysis, what a cool and simple way to understand a annual report

  10. Yudhishter Aggarwal says:

    Great job done Vishal. Have you ever come across a bigger megalomaniac? ( I know you will not answer) Never came across a report written by a conceited whose downfall appears to be imminent as clearly revealed/camouflaged by the writer of the annual report !

    Sheer entertainment.
    Hats off to you as well as to the author of the report !

Trackbacks

  1. […] MB file), or click the image below. Let me know your thoughts and questions on this review in the Comments section of this post, plus any additional thoughts from your own review of Symphony’s FY17 annual […]

  2. […] talked about the annual reports of Avenue Supermarts, Symphony, and Info Edge – all of which I have analyzed and written about recently (Disclosure – […]

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