Accord Transformer & Switchgear Ltd
Incorporated in 2014, Accord Transformer & Switchgear Ltd., is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.[1]
- Market Cap ₹ 124 Cr.
- Current Price ₹ 60.4
- High / Low ₹ 62.0 / 45.0
- Stock P/E 20.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.8 %
- ROE 44.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.4%
Cons
- Company might be capitalizing the interest cost
- Debtor days have increased from 71.7 to 132 days.
- Working capital days have increased from 25.8 days to 65.3 days
* 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 18.38 | 34.44 | 40.78 | 48.54 | 79.02 | |
| 17.10 | 33.32 | 39.13 | 45.82 | 69.86 | |
| Operating Profit | 1.28 | 1.12 | 1.65 | 2.72 | 9.16 |
| OPM % | 6.96% | 3.25% | 4.05% | 5.60% | 11.59% |
| 0.01 | 0.11 | 0.02 | 0.06 | 0.09 | |
| Interest | 0.12 | 0.35 | 0.32 | 0.48 | 0.67 |
| Depreciation | 0.13 | 0.14 | 0.13 | 0.16 | 0.40 |
| Profit before tax | 1.04 | 0.74 | 1.22 | 2.14 | 8.18 |
| Tax % | 25.00% | 39.19% | 27.87% | 24.77% | 25.92% |
| 0.78 | 0.45 | 0.87 | 1.61 | 6.05 | |
| EPS in Rs | 31.20 | 18.00 | 34.80 | 64.40 | 205.57 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 139% |
| TTM: | 280% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 37% |
| Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 0.29 |
| Reserves | 2.92 | 3.37 | 4.18 | 5.79 | 21.25 |
| 3.44 | 3.13 | 2.30 | 9.14 | 11.81 | |
| 7.89 | 8.22 | 9.09 | 11.29 | 26.54 | |
| Total Liabilities | 14.50 | 14.97 | 15.82 | 26.47 | 59.89 |
| 2.77 | 2.69 | 2.67 | 3.10 | 7.07 | |
| CWIP | 0.00 | 0.00 | 0.00 | 1.75 | 0.04 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11.73 | 12.28 | 13.15 | 21.62 | 52.78 | |
| Total Assets | 14.50 | 14.97 | 15.82 | 26.47 | 59.89 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2.01 | -4.82 | -8.80 | |||
| -0.11 | -2.31 | -2.69 | |||
| -1.15 | 6.36 | 11.46 | |||
| Net Cash Flow | 0.75 | -0.78 | -0.02 | ||
| Free Cash Flow | 1.88 | -7.16 | -11.56 | ||
| CFO/OP | 141% | -161% | -82% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 99.69 | 67.72 | 32.40 | 51.13 | 131.69 |
| Inventory Days | 124.11 | 57.21 | 57.50 | 98.63 | 109.29 |
| Days Payable | 139.75 | 65.35 | 66.72 | 75.62 | 91.34 |
| Cash Conversion Cycle | 84.05 | 59.58 | 23.18 | 74.14 | 149.64 |
| Working Capital Days | 46.07 | 32.64 | 7.16 | 5.04 | 65.27 |
| ROCE % | 16.32% | 23.00% | 23.92% | 36.84% |
Documents
Announcements
-
Clarification
4 Apr - Company says price rise is market-driven and no material information was undisclosed.
-
Intimation Of Change In Corporate Identification Number And Company Listing Status In Master Data Of Corporate Affairs.
4 Apr - CIN changed to L31500HR2014PLC052544; MCA listing status updated to Yes.
- Clarification sought from Accord Transformer & Switchgear Ltd 2 Apr
-
Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours post board meeting for audited FY2026 results.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - ATS signed March 22, 2026 MOU with Western Administrative District of Moscow for energy infrastructure, manufacturing, EPC collaboration.
Annual reports
No data available.
Business Profile[1]
The company designs, engineers, manufactures, and supplies transformers, substations, switchgear, EV charging systems, and power equipment, serving utilities, renewable energy, industrial, infrastructure, commercial, residential, and EV charging segments.