	Active Topics Memberlist Calendar Search Help
	Register Login

Microcaps-When will value.be unlocked?
The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Microcaps-When will value.be unlocked?

Topic: Symphony Comfort Systems - iPod of Cooler

	<< Prev Page of 48 Next >>

Author

Message

srisaurabh2000
Senior Member

Joined: 10/Dec/2009
Online Status: Offline
Posts: 397

Posted: 15/Jan/2012 at 2:13am

http://www.business-standard.com/india/news/symphony-wins-award/461594/

IP Logged

commnman
Senior Member

Joined: 28/Jul/2010
Location: India
Online Status: Offline
Posts: 426

Posted: 19/Jan/2012 at 5:04pm

Q2/Jy-12 Results out...

Total Income up 4.9% to 56.18 Cr from 53.57 Cr.
EBIDTA DOWN 6.1% to 13.79 Cr from 14.69 Cr.
Net Profit up 9.6% to 11.3 Cr from 10.31 Cr.

EBIDTA margin is 24.6% V/s 11% (SQ-11) and 27.4% (DQ-10)
NET Pr margin is 20.1% V/s 15.3% (SQ-11) and 19.3% (DQ-10)

Total Raw material costs as a %ge to Income is 48% V/s 47.7% (SQ-11) and 45.8% (DQ-10)
Employee costs to Income is 6.6% V/s 13.1% (SQ-11) and 4.8% (DQ-10)
Selling & Distr expenses to Income is 16.9% V/s 22.8% (SQ-11) and 18.7% (DQ-10)
Other expenses to Income is 3.9% V/s 5.4% (SQ-11) and 3.2% (DQ-10)

Tax Rate is 26.2% V/s 31% (SQ-11) and 32.8% (DQ-10)

Sharp rise in employee costs and other expenses along with Raw material costs brought down the EBIDTA.
Net Profit helped by lower Tax Incidence and Forex gain.

HY-DEC-11 v/s HY-DEC-10:
Total Income up 10.6% to 84.96 Cr from 76.8 Cr.
EBIDTA DOWN 9% to 16.94 Cr from 18.62 Cr.
Net Pr up 23.8% to 15.71 Cr from 12.69 Cr.

Tax Rate 27.6% V/s 32.6%
Note: Net profit helped by Forex gain of 3.07 Cr v/s loss of 1.06 Cr and lower Tax.

Reported Six-Month EPS 22.45 V/s 18.14.
-

main toh aam aadmi hun... jo sunta hoon wohi sach maanta hoon

IP Logged

AK21
Newbie
Newbie

Joined: 20/Jan/2011
Online Status: Offline
Posts: 6

Posted: 18/Apr/2012 at 10:56am

Good that organized market is heating -up. A similar Symphony 45 liter product comes at a price of 9000 as compared to 11995 for Havells

See the news below.

Havells India Limited, a US $1.2 billion enterprise and a leading player in the home appliances segment, electrical and power equipment sector in India, has launched its first range of Air Coolers "Koolaire" which is a unique blend of technology and design to add elegance and comfort to your lifestyle. Designed to provide the perfect cool breeze making the scorching summer heat more bearable, the cooler comes at a price of Rs. 11995/-.

In line with its philosophy of manufacturing eco-friendly and energy-efficient products, Havells has designed this air cooler using eco-friendly fiber materials, anti bacterial properties and strong hydrophilic design. The honeycomb cooling pad combines three dimensional structures, horizontal and vertical cavity tunnels, making it unique and maintenance free. Its water films and water spray system helps to absorb the dust and clean the air thoroughly.

Key features of Koolaire:

Energy saving of 200 W
Adjustable louvers
Water level indicator
45 L large water tank
3 side honeycomb cooling pads
Low (1075-1000 RPM), Medium (1250-1200 RPM) and High speed (1350-1300 RPM) settings
Powerful air flow capacity of 5400 m3/hr, 3175 CFM, and
5 leaf aluminum blade for powerful airflow

Koolaire is ideal to cool various types of areas such as living rooms, restaurants, show rooms and large bedrooms.

Havells India Ltd is a billion-dollar-plus organization, and is one of the largest and India's fastest growing electrical and power distribution equipment manufacturer with products ranging from industrial and domestic circuit protection switchgear, cables amd wires, motors, fans, power capacitors, CFL lamps, luminaires for domestic, commercial and industrial applications, modular switches, water heaters and domestic appliances covering the entire gamut of household, commercial and industrial electrical needs. Havells owns some of the prestigious global brands like Crabtree, Sylvania, Concord, Luminance, Linolite and Standard.

IP Logged

Anand Bhushan
Groupie
Groupie

Joined: 13/Aug/2010
Location: India
Online Status: Offline
Posts: 72

Posted: 19/Apr/2012 at 10:31am

Dont know how to take this news....
One might argue that this may expand the market and expand the pie of the organised player and hence better for the industry and even better for the industry leader.
The other way of thinking is intensifying competitve landscape. This is not any other company which has to build everything from scratch. Havells can give tough competition to the Symphony as they have all the systems in place i.e dealer network, distribution reach, deep pocket, branding capability blah blah and blah.
I think competitive landscape and hence effect on any incumbent should be viewed as competition positioning. Havells is smart enough not to dilute their brand and hence wont involve in dog fight i.e. not to fight in bottom of the value pyramid so they would like to stay at the top or near that quadrant. This means that either they will play in bridging the value chain b/n cooler and the AC market and may be just below this segment. But the important point here to note that the market size or opportunity size in that bridging class of the customers. for me this segment wont be big enough so Havells have to go down the value chain and fight with players like Symphony, Bajaj.
Views invited...

IP Logged

srisaurabh2000
Senior Member

Joined: 10/Dec/2009
Online Status: Offline
Posts: 397

Posted: 20/Apr/2012 at 10:07pm

This news can probably be ignored for now because with one product these guys would be test marketing than actual launch. There are lesser known folks like Daenyx who also have launched air coolers.

Also Symphony now is trying to build up international presence as has been evident by their hiring of various country managers in this fiscal. If they get that right and can develop new markets there can be a huge upside.

As per this - http://www.dealcurry.com/20120419-Symphony-To-Expand-It-s-Global-Presence-Through-Acquisitions.htm they are also looking for some acquisitions.

IP Logged

commnman
Senior Member

Joined: 28/Jul/2010
Location: India
Online Status: Offline
Posts: 426

Posted: 24/Apr/2012 at 6:11pm

Q3/Fy-12 Results out...

Total Income Down 20.7% to 78.03 Cr from 98.46 Cr.
EBIDTA Down 26.4% to 22.21 Cr from 30.19 Cr.
Net Profit Down 27% to 14.96 Cr from 20.52 Cr.

EBIDTA margin is 28.5% V/s 24.55% (DQ-11) and 30.7% (MQ-11)
NET Pr margin is 19.2% V/s 20.1% (DQ-11) and 20.8% (MQ-11)

Total Raw material costs as a %ge to Income is 45.9% V/s 48% (DQ-11) and 47.8% (MQ-11)
Employee costs to Income is 5.5% V/s 6.6% (DQ-11) and 2.7% (MQ-11)
Selling & Distribution expenses to Income is 16.4% V/s 16.9% (DQ-11) and 17.4% (MQ-11)
Other expenses to Income is 3.8% V/s 3.9% (DQ-11) and 1.5% (MQ-11)

9m/MAR-12 v/s 9m/MAR-11 (and all numbers below are for 9-months)
Total Income Dowm 7% to 163 Cr from 175.3 Cr (Fy/JUN-11: 232.7 Cr)
EBIDTA Down 19.8% to 39.2 Cr from 48.8 Cr (Fy/JUN-11: 63.6 Cr)
Net Pr Down 7.6% to 30.7 Cr from 33.2 Cr (Fy/JUN-11: 44.9 Cr)

Reported Nine-Month EPS 8.77 V/s 9.5

Segments:
DOMESTIC: Sales down 11%, PBIT Down 12.3% and margin at 18.2% v/s 18.5%.
EXPORTS: Sales up 19.4%, PBIT up 19.1% and margin flat at 22.2%

Aircoolers - INDIA:
Volume sold down 15% to 244296 Units from 287394 Units Buttttttt
Realization per unit up 6.3% to Rs. 5327/- from Rs. 5013/-

Aircoolers Export:
Volume sold UP 9.4% to 90337 Units from 73425 Units AND
Realization per unit up 9.1% to Rs. 3285/- from Rs. 3011/-

Geyzers INDIA:
Volume sold DOWN 27.5% to 10779 Units from 14861 Units AND
Realization per unit down 8% to Rs. 3507/- from Rs. 3815/-
-

Edited by commnman - 24/Apr/2012 at 6:13pm

main toh aam aadmi hun... jo sunta hoon wohi sach maanta hoon

IP Logged

Ravenrage
Senior Member

Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859

Posted: 24/Apr/2012 at 8:51pm

Originally posted by commnman

Q3/Fy-12 Results out...

Total Income Down 20.7% to 78.03 Cr from 98.46 Cr.
EBIDTA Down 26.4% to 22.21 Cr from 30.19 Cr.
Net Profit Down 27% to 14.96 Cr from 20.52 Cr.

EBIDTA margin is 28.5% V/s 24.55% (DQ-11) and 30.7% (MQ-11)
NET Pr margin is 19.2% V/s 20.1% (DQ-11) and 20.8% (MQ-11)

Total Raw material costs as a %ge to Income is 45.9% V/s 48% (DQ-11) and 47.8% (MQ-11)
Employee costs to Income is 5.5% V/s 6.6% (DQ-11) and 2.7% (MQ-11)
Selling & Distribution expenses to Income is 16.4% V/s 16.9% (DQ-11) and 17.4% (MQ-11)
Other expenses to Income is 3.8% V/s 3.9% (DQ-11) and 1.5% (MQ-11)

9m/MAR-12 v/s 9m/MAR-11 (and all numbers below are for 9-months)
Total Income Dowm 7% to 163 Cr from 175.3 Cr (Fy/JUN-11: 232.7 Cr)
EBIDTA Down 19.8% to 39.2 Cr from 48.8 Cr (Fy/JUN-11: 63.6 Cr)
Net Pr Down 7.6% to 30.7 Cr from 33.2 Cr (Fy/JUN-11: 44.9 Cr)

Reported Nine-Month EPS 8.77 V/s 9.5

Segments:
DOMESTIC: Sales down 11%, PBIT Down 12.3% and margin at 18.2% v/s 18.5%.
EXPORTS: Sales up 19.4%, PBIT up 19.1% and margin flat at 22.2%

Aircoolers - INDIA:
Volume sold down 15% to 244296 Units from 287394 Units Buttttttt
Realization per unit up 6.3% to Rs. 5327/- from Rs. 5013/-

Aircoolers Export:
Volume sold UP 9.4% to 90337 Units from 73425 Units AND
Realization per unit up 9.1% to Rs. 3285/- from Rs. 3011/-

Geyzers INDIA:
Volume sold DOWN 27.5% to 10779 Units from 14861 Units AND
Realization per unit down 8% to Rs. 3507/- from Rs. 3815/-
-

The average realisation per unit in India is more than the ones that are exported ?

Risk does not reside in price changes, but in miscalculations of intrinsic value .

IP Logged

rohit1889
Senior Member

Joined: 25/Jun/2011
Location: India
Online Status: Offline
Posts: 518

Posted: 15/May/2012 at 12:31pm

What is the problem that this sector is facing? Why are the sales of Symphony going down as compared to last year? The summer this year too hot as compared to last year. Symphony should have increased its sales as per this logic. Am i missing something?

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

IP Logged

<< Prev Page of 48 Next >>

Printable version

Forum Jump

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

This page was generated in 0.422 seconds.

Bookmark this Page

Most Participated Topic

Join Theequitydesk.com Today!

It’s easy to Join and it’s free.

Here's why members would love to be a part of theequitydesk.com

Equity Desk focuses on why to buy shares and invest in share rather than what to buy.
Live discussion forum wherein members can discuss the current Indian share Market trend, BSE Sensex or the Nifty Index.
Have huge cache of information on Indian and World Share Market.
Analysis of Indian stock market, Global events, Investing insights, portfolio management strategies and thoughts,
Meet investors from round the globe check their investing strategies share experiences and learn for their experiences on stocks and shares, evaluate opinions on investing in India.

Register now while it’s free!

Already a member? Close this window and log in.

Join Theequitydesk.com Today!

Here's why members would love to be a part of theequitydesk.com

Join Us Close