Accel Ltd
Incorporated in 1991, Accel Ltd is in the business of IT Service, Animation, Engineering, Realty and Academic business[1]
- Market Cap ₹ 63.3 Cr.
- Current Price ₹ 11.0
- High / Low ₹ 20.0 / 8.85
- Stock P/E 16.9
- Book Value ₹ 13.5
- Dividend Yield 2.73 %
- ROCE 7.87 %
- ROE 2.47 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.81 times its book value
- Company has been maintaining a healthy dividend payout of 53.9%
- Company's median sales growth is 21.2% of last 10 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.44% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 2 | 2 | 1 | 1 | 69 | 111 | 155 | 166 | 163 | 168 | |
| 2 | 4 | 4 | 5 | 3 | 3 | 4 | 64 | 97 | 137 | 148 | 147 | 155 | |
| Operating Profit | -1 | -3 | -3 | -2 | -1 | -2 | -2 | 5 | 14 | 18 | 18 | 15 | 14 |
| OPM % | -51% | -432% | -497% | -98% | -73% | -181% | -136% | 7% | 12% | 12% | 11% | 9% | 8% |
| 0 | -0 | 0 | 3 | 12 | 2 | 1 | 6 | 4 | 4 | 1 | 3 | 4 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 4 | 6 | 7 | 7 | 8 | 7 |
| Depreciation | 4 | 3 | 2 | 1 | 1 | 1 | 1 | 5 | 6 | 7 | 7 | 6 | 6 |
| Profit before tax | -7 | -7 | -6 | -2 | 9 | -1 | -2 | 1 | 6 | 9 | 5 | 5 | 4 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -93% | -19% | 61% | 23% | 47% | |
| -7 | -7 | -6 | -2 | 9 | -1 | -2 | 3 | 7 | 3 | 4 | 3 | 3 | |
| EPS in Rs | -6.11 | -6.41 | -5.13 | -1.76 | 7.95 | -0.25 | -0.42 | 0.48 | 1.18 | 0.59 | 0.67 | 0.46 | 0.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 26% | 0% | 0% | 0% | 25% | 51% | 45% | 65% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 71% |
| 5 Years: | 156% |
| 3 Years: | 14% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 23% |
| 3 Years: | -35% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -6% |
| 3 Years: | -5% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| Reserves | -19 | -26 | -32 | 30 | 38 | 58 | 55 | 58 | 60 | 61 | 64 | 65 | 66 |
| 21 | 25 | 29 | 4 | 1 | 4 | 19 | 67 | 68 | 68 | 71 | 62 | 62 | |
| 4 | 3 | 1 | 7 | 4 | 1 | 3 | 74 | 39 | 50 | 51 | 54 | 45 | |
| Total Liabilities | 17 | 12 | 9 | 52 | 55 | 74 | 88 | 211 | 178 | 191 | 197 | 192 | 184 |
| 12 | 9 | 7 | 13 | 10 | 37 | 37 | 54 | 47 | 88 | 89 | 80 | 81 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 20 | 37 | 41 | 0 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 10 | 8 | 6 | 10 | 41 | 12 | 12 | 11 | 10 | 10 |
| 5 | 3 | 2 | 29 | 37 | 31 | 22 | 78 | 77 | 90 | 96 | 101 | 93 | |
| Total Assets | 17 | 12 | 9 | 52 | 55 | 74 | 88 | 211 | 178 | 191 | 197 | 192 | 184 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6 | -2 | -1 | -1 | 8 | -9 | 2 | 32 | 3 | 12 | 23 | 11 | |
| -1 | -2 | -2 | 2 | 15 | -7 | -19 | -63 | -2 | -5 | -9 | -2 | |
| 6 | 4 | 3 | -1 | -2 | 4 | 8 | 34 | -6 | -5 | -9 | -16 | |
| Net Cash Flow | -0 | -0 | 0 | 0 | 21 | -11 | -9 | 3 | -5 | 2 | 6 | -8 |
| Free Cash Flow | -7 | -4 | -3 | -2 | 8 | -14 | -18 | -0 | -0 | 4 | 15 | 8 |
| CFO/OP | 817% | 66% | 39% | 59% | -421% | 435% | -110% | 613% | 19% | 92% | 135% | 84% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 0 | 148 | 106 | 182 | 342 | 149 | 105 | 88 | 91 | 75 | 87 |
| Inventory Days | 213 | 138 | 79 | 243 | 0 | 61 | 58 | 52 | 58 | 55 | ||
| Days Payable | 3,163 | 1,144 | 1,102 | 1,278 | 329 | 150 | 161 | 160 | 133 | |||
| Cash Conversion Cycle | 32 | 0 | -2,802 | -901 | -842 | -692 | 149 | -163 | -3 | -18 | -27 | 9 |
| Working Capital Days | -973 | -697 | -413 | 526 | 1,208 | 2,615 | 1,154 | -50 | -1 | 1 | -3 | 10 |
| ROCE % | -33% | -52% | -59% | -7% | -4% | -2% | -2% | 0% | 8% | 11% | 9% | 8% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Days Sales Outstanding (DSO) Days |
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| Permanent Employees on Rolls Number |
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| Service Revenue as % of Total Revenue % |
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| Realty Division - Built-up Area (Phase 1) sq. ft. |
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| Corporate Clients Number |
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| Customer Locations Served Number |
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Documents
Announcements
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Reg 30-Board Comment On Fine Levied By BSE
31 Mar - BSE SOP fines of Rs.4,94,182 paid; outstanding NIL; Board noted on March 31, 2026.
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Proposed Incorporation Of A Wholly Owned Subsidiary Company - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
31 Mar - Accel to incorporate wholly-owned INFINIUUM TECHPARKS Pvt Ltd, ₹1.00 crore initial capital, for technology-park real estate (incorporation pending).
-
Closure of Trading Window
25 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 Mar 2026.
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Order Passed Under Section 250 Of The Income Tax Act, 1961
13 Mar - IT appeal allowed; Rs7,38,33,247 addition deleted; approximate tax benefit ~Rs1.63 crore.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
12 Mar - NCLT sanctioned Accel Media Ventures' merger into Accel Limited on Mar 10, 2026; 2:1 share swap; Appointed Apr 1, 2024.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
Accel is a multi-vendor IT Infrastructure Services Company in Chennai with presence in domestic and international markets. Company's businesses include Accel Media, Accel Realty, Accel Academy and Cetronics Technologies. Company also has a realty division focusing on providing ready-to-use plug and play IT space, in their own built-up space in KINFRA SEZ, Trivandrum