SYMPHONY LTD WEALTH CREATOR

Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs.8736.23
Crore operating in Consumer Durables sector –Aircoolers. Symphony Ltd NSE -1.24 % went public in 1994,
by getting listed on stock exchanges in Bombay, Ahmedabad and Delhi. But its journey this century is
spectacular: a 884 times increase in stock price 19 years.
 1.1.2000 stock priced at 1.70 and on 14.06.2019 it is priced at Rs.1502.90.Symphony's operating
margins have averaged at close to 17.33 per cent in the last ten years. The 6-month average volume of
trade is 38177 shares.
 The ROCE has averaged at 62 per cent in the last five years - all with nil debt financing.TTM EBITDA
Margin 31.06% and Ten-year average margin 10.33%. The EPS has compounded at 27 per cent
annually in the last three years.
 The fund houses that have invested are Axis MF, HDFC MF, UTI MF, DSP MF, BOI AXA MF,
Reliance MF which shows the confidence of major fund houses.
 Peer comparison Price to Earnings Ratio of Symphony is 90.03 whereas peers Voltas P/E is 39.47 and
Whirlpool’s P/E 48.46
 The fundamental analysis of Balance sheet, cash flow statements over ten years are strong but there is
a decline since 2018.
 The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price
changes to evaluate overbought or oversold conditions in the price of a stock or other asset. RSI can
have a reading from 0 to 100. RSI data is attached in excel and the graph is also shown below.
RSI Index is good over years but presently on decline. CCI Oscillator value as on 31/05/2019 is 187.45
and 14/06/2019 is -77.55. The CCI measures the difference between the current price and the historical
average price. When the CCI is above zero it indicates the price is above the historic average. When
CCI is below zero, the price is below the historic average. High readings of 100 or above indicate the
price is well above the historic average and the trend has been strong to the upside. Low readings
below -100 indicate the price is well below the historic average and the trend has been strong to the
downside. So presently it is showing a downtrend based on poor Q1 results.

 Volumes available for trade is 8222 which shows an average trade of stocks and revenue per share
and EPS show positive trends last five year other than last year.

10 year operating margin Price Graph from 2002.

Ten Year Trend Symphony

RSI Indicator of Symphony Ltd 14.12.18-17.6.

VIDEOCON INDUSTRIES LTD-WEALTH DESTROYER

The Videocon group's core areas of business are consumer electronics and home appliances. The group has
17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It is the third
largest picture tube manufacturer in the world.[2] The group is a US$5.5 billion global conglomerate
 The stock price in 01.01.2000 is Rs.6.94 and the price is Rs.1.80 on 17.06.19
 6M Average Volume of Trade is 203,013 which shows heavy selling.
 The price has shown a downside trend due to huge debt pile.
 The stock price has fallen by 80% in the last one year. The stock price had touched Rs.780.51 in the
year 2008(03.01.2008) from Rs.20.90(01.01.2000) in 2000 and again plummeted down to Rs.1.80 in
2019.
 The fundamental analysis is also poor due huge losses and increasing debt pile with banks and creditors
initiating for actions for recovery. The market cap Rs.60.20 cr only and it is performing worst among
peers.
 The face value of share is Rs.10.00 and book value -Rs. 100.60. The P/E is not available due to losses.
 The graphs clearly indicate the downward volatility is high.
 The ulcers index can be used to depict the downward trend.
 The stock price loss of a trader who bought shares in 2008 and if he sold in 2019 -733%.