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 ₹ 96.1 Cr.
- Current Price ₹ 46.7
- High / Low ₹ 54.9 / 45.0
- Stock P/E 15.7
- 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 |
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
-
Regulation 30_General Updates_Intimation Of Work / Supply Orders Received
10 Mar - Received Rs 69.92 lakh transformer order from leading auto components company; completion expected by April 2026.
-
Announcement Under Regulation 30(5) Of The SEBI (LODR) Regulations 2015
2 Mar - Board authorized MD Pradeep Kumar Verma and CS Tulsi Sharma as KMPs for SEBI Reg.30(5) disclosures.
- Listing of Equity Shares of Accord Transformer & Switchgear Ltd 2 Mar
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.