Accord Synergy Ltd

Accord Synergy Ltd

₹ 27.0 2.86%
01 Mar - close price
About

Incorporated in 2014, Accord Synergy Ltd is engaged in telecom implementation activities and civil works[1]

Key Points

Business Overview:[1]
Company provides services related to planning, installation & commissioning, operation, modification and maintenance of telecom networks and provide manpower solutions to customers viz. technical site surveys, radio surveys, network planning, radio and core equipment (BBS, RBS 2G, 3G and LTE) installation, installation supervision and commission/ integration services to a wide variety of equipment and vendors. Company caters to most Indian telecom operators and equipment manufacturers

  • Market Cap 9.37 Cr.
  • Current Price 27.0
  • High / Low 34.4 / 21.5
  • Stock P/E 16.4
  • Book Value 42.1
  • Dividend Yield 0.00 %
  • ROCE 0.60 %
  • ROE 0.70 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.64 times its book value

Cons

  • The company has delivered a poor sales growth of -18.4% over past five years.
  • Company has a low return on equity of -9.79% over last 3 years.
  • Company has high debtors of 170 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
31.39 35.48 15.49 23.57 15.29 9.67 6.58 13.57 15.55
28.78 34.44 14.52 22.10 16.77 13.49 6.42 13.28 15.22
Operating Profit 2.61 1.04 0.97 1.47 -1.48 -3.82 0.16 0.29 0.33
OPM % 8.31% 2.93% 6.26% 6.24% -9.68% -39.50% 2.43% 2.14% 2.12%
0.13 0.20 0.20 0.19 0.02 0.16 0.02 0.28 0.05
Interest 0.51 0.51 0.47 0.33 0.17 0.21 0.04 0.01 0.00
Depreciation 0.38 0.19 0.33 0.21 0.24 0.24 0.23 0.23 0.21
Profit before tax 1.85 0.54 0.37 1.12 -1.87 -4.11 -0.09 0.33 0.17
Tax % 25.95% 31.48% 29.73% 26.79% 0.53% 0.97% 33.33% -9.09% -17.65%
1.37 0.37 0.26 0.83 -1.86 -4.07 -0.07 0.37 0.20
EPS in Rs 3.95 1.07 0.75 2.39 -5.36 -11.72 -0.20 1.07 0.58
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8.71 63.04 64.07 55.81 77.54 66.87 39.06 24.96 20.15 29.12
8.17 57.40 57.96 50.45 70.78 63.22 36.61 30.19 19.70 28.50
Operating Profit 0.54 5.64 6.11 5.36 6.76 3.65 2.45 -5.23 0.45 0.62
OPM % 6.20% 8.95% 9.54% 9.60% 8.72% 5.46% 6.27% -20.95% 2.23% 2.13%
0.00 0.00 -0.08 -0.01 0.17 0.34 0.39 0.11 0.30 0.33
Interest 0.06 1.35 1.08 1.09 1.29 1.03 0.80 0.38 0.05 0.01
Depreciation 0.01 0.24 0.76 0.96 1.12 0.56 0.54 0.48 0.46 0.44
Profit before tax 0.47 4.05 4.19 3.30 4.52 2.40 1.50 -5.98 0.24 0.50
Tax % 31.91% 33.09% 31.98% 35.15% 26.11% 27.08% 27.33% 0.84% -25.00%
0.32 2.70 2.85 2.15 3.34 1.74 1.09 -5.93 0.30 0.57
EPS in Rs 320.00 2,700.00 11.40 6.19 9.62 5.01 3.14 -17.08 0.86 1.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -18%
3 Years: -33%
TTM: 79%
Compounded Profit Growth
10 Years: %
5 Years: -46%
3 Years: -61%
TTM: 114%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: 7%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -10%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.01 2.50 3.47 3.47 3.47 3.47 3.47 3.47 3.47
Reserves 0.32 3.04 3.40 10.41 13.75 15.48 16.58 10.65 10.95 11.15
5.95 11.21 8.42 9.24 9.57 7.82 2.95 1.66 0.00 0.00
3.89 8.74 8.35 9.01 11.40 8.66 4.59 1.92 2.86 2.99
Total Liabilities 10.17 23.00 22.67 32.13 38.19 35.43 27.59 17.70 17.28 17.61
0.41 1.12 2.66 3.80 3.33 2.83 2.29 1.74 1.30 1.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.95 0.00 0.01 3.97 7.93 3.14 3.55
9.76 21.88 20.01 27.38 34.86 32.59 21.33 8.03 12.84 12.95
Total Assets 10.17 23.00 22.67 32.13 38.19 35.43 27.59 17.70 17.28 17.61

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5.42 -2.57 5.81 -2.60 0.63 2.77 12.09 3.62 -3.85
-0.42 -0.96 -2.30 -3.06 0.30 -0.07 -3.96 -3.96 4.98
5.89 3.96 -3.86 5.57 -0.96 -2.68 -5.66 -1.59 -1.70
Net Cash Flow 0.05 0.44 -0.35 -0.08 -0.02 0.02 2.47 -1.92 -0.56

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 385.11 104.91 89.56 97.25 106.29 125.92 106.15 80.72 169.55
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 385.11 104.91 89.56 97.25 106.29 125.92 106.15 80.72 169.55
Working Capital Days 244.31 73.88 69.05 121.84 110.29 128.49 130.36 78.24 176.07
ROCE % 52.58% 38.07% 23.88% 23.40% 12.88% 8.52% -29.45% 0.60%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99% 71.99%
28.01% 28.01% 28.01% 28.01% 28.01% 28.02% 28.02% 28.02% 28.01% 28.01% 28.01% 28.01%
No. of Shareholders 240237221209203205206200188187188206

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