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 ₹ 119 Cr.
- Current Price ₹ 58.0
- High / Low ₹ 80.0 / 45.0
- Stock P/E 26.5
- Book Value ₹ 23.8
- Dividend Yield 0.00 %
- ROCE 14.5 %
- ROE 12.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 56.7 days to 99.8 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 18.38 | 34.44 | 40.78 | 48.54 | 79.02 | 70.07 | |
| 17.10 | 33.32 | 39.13 | 45.82 | 69.86 | 63.13 | |
| Operating Profit | 1.28 | 1.12 | 1.65 | 2.72 | 9.16 | 6.94 |
| OPM % | 6.96% | 3.25% | 4.05% | 5.60% | 11.59% | 9.90% |
| 0.01 | 0.11 | 0.02 | 0.06 | 0.09 | 0.29 | |
| Interest | 0.12 | 0.35 | 0.32 | 0.48 | 0.67 | 0.55 |
| Depreciation | 0.13 | 0.14 | 0.13 | 0.16 | 0.40 | 0.63 |
| Profit before tax | 1.04 | 0.74 | 1.22 | 2.14 | 8.18 | 6.05 |
| Tax % | 25.00% | 39.19% | 27.87% | 24.77% | 25.92% | 25.62% |
| 0.78 | 0.45 | 0.87 | 1.61 | 6.05 | 4.50 | |
| EPS in Rs | 31.20 | 18.00 | 34.80 | 64.40 | 205.57 | 2.19 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 20% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 72% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 0.29 | 20.57 |
| Reserves | 2.92 | 3.37 | 4.18 | 5.79 | 21.25 | 28.30 |
| 3.44 | 3.13 | 2.30 | 9.14 | 11.81 | 8.83 | |
| 7.89 | 8.22 | 9.09 | 11.29 | 26.54 | 25.96 | |
| Total Liabilities | 14.50 | 14.97 | 15.82 | 26.47 | 59.89 | 83.66 |
| 2.77 | 2.69 | 2.67 | 3.10 | 7.07 | 7.95 | |
| CWIP | 0.00 | 0.00 | 0.00 | 1.75 | 0.04 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11.73 | 12.28 | 13.15 | 21.62 | 52.78 | 75.71 | |
| Total Assets | 14.50 | 14.97 | 15.82 | 26.47 | 59.89 | 83.66 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2.01 | -4.82 | -8.80 | 8.70 | |||
| -0.11 | -2.31 | -2.69 | -9.01 | |||
| -1.15 | 6.36 | 11.46 | 13.71 | |||
| Net Cash Flow | 0.75 | -0.78 | -0.02 | 13.39 | ||
| Free Cash Flow | 1.88 | -7.16 | -11.56 | 7.24 | ||
| CFO/OP | 141% | -161% | -82% | 162% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 99.69 | 67.72 | 32.40 | 51.13 | 131.69 | 78.19 |
| Inventory Days | 124.11 | 57.21 | 57.50 | 98.63 | 109.29 | 179.19 |
| Days Payable | 139.75 | 65.35 | 66.72 | 75.62 | 91.34 | 136.65 |
| Cash Conversion Cycle | 84.05 | 59.58 | 23.18 | 74.14 | 149.64 | 120.72 |
| Working Capital Days | 46.07 | 32.64 | 7.16 | 5.04 | 65.27 | 99.81 |
| ROCE % | 16.32% | 23.00% | 23.92% | 36.84% | 14.50% |
Documents
Announcements
- Regulation 30 Of SEBI LODR: Submission Of Transcript Of The Earnings Conference Call Held On June 01St 2026, Monday At 3:30 PM (IST) 3 Jun
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Submission Of Audio Recording Of Earnings Conference Call Pursuant To Regulation 30 Of SEBI (LODR) Regulations 2015
1 Jun - Audio recording of June 1, 2026 earnings conference call for H2 and FY2026 results shared online.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 (SEBI Listing Regulations) - Investors / Earnings Presentation
1 Jun - Investor presentation for earnings call on 1 June 2026 at 3:30 PM on audited standalone H2 FY26 and FY26 results.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Performance Update For H2 & FY26
30 May - Accord Transformer reported FY26 income of ₹7,035.71 lakh and net profit of ₹450.43 lakh, plus new orders and MoU.
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Regulations 30 And 33 Of SEBI (LODR) Regulations 2015 (The Listing Regulations")-Standalone Audited Financial Results March 31 2026
29 May - Board approved standalone audited results for half year and FY ended 31 March 2026; trading window remains closed.
Concalls
-
Jun 2026Transcript PPT REC
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.