---
title: "Accord Transformer & Switchgear Ltd (ACCORDTS) — Share Price, Financials & Analysis"
symbol: "ACCORDTS"
company: "Accord Transformer & Switchgear Ltd"
canonical: "https://tapetide.com/stocks/ACCORDTS"
isin: "INE132201018"
nse_symbol: "ACCORDTRANSFORMERANDSWITCHGEARLTD"
bse_code: "ACCORDTS"
sector: "Capital Goods - Electrical Equipment"
industry: "Heavy Electric Equipment"
market_cap_cr: 133.77
generated_at: "2026-09-13T19:16:50.554Z"
---

# Accord Transformer & Switchgear Ltd (ACCORDTS)

Canonical page: https://tapetide.com/stocks/ACCORDTS

## Company

- **NSE Symbol:** ACCORDTRANSFORMERANDSWITCHGEARLTD
- **BSE Code:** ACCORDTS
- **ISIN:** INE132201018
- **Sector:** Capital Goods - Electrical Equipment
- **Industry:** Heavy Electric Equipment
- **Stock Type:** EQUITY
- **F&O Eligible:** No

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:33:58.657971Z.

- **Market Cap:** ₹133.77 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹37.21
- **Price to Book:** 1.76
- **Dividend Yield:** 0%
- **ROE:** 28.1%
- **ROCE:** 39.06%
- **Debt to Equity:** 0.18
- **Revenue (yearly):** ₹70.07 Cr
- **Net Income:** ₹4.52 Cr
- **EBITDA:** ₹6.95 Cr
- **52-Week High:** ₹80.01
- **52-Week Low:** ₹45
- **RSI (14):** 54.59

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -82.57% | -537.81% | — |
| ebitda margin growth | -15.41% | 72.43% | 179.1% |
| net income growth | -25.9% | 72% | 42% |
| revenue growth | -11.53% | 20% | 31% |
| roce | -2.06% | 18.4% | 30.53% |
| roe | 5.64% | 24.81% | 14.65% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 57.53 | 42.35 |
| Expenses | 49.91 | 37.65 |
| Operating Profit | 7.62 | 4.7 |
| OPM % | 13.25 | 11.1 |
| Other Income | 0.15 | 0.24 |
| Interest | 0.24 | 0.23 |
| Depreciation | 0.22 | 0.34 |
| Profit before tax | 7.31 | 4.37 |
| Tax % | 25.31 | 25.63 |
| Net Profit | 5.45 | 3.25 |
| EPS in Rs | 185.19 | 1.58 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 18.38 | 34.44 | 40.78 | 48.54 | 79.02 | 70.07 |
| Expenses | 17.1 | 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 | 5.6 | 11.59 | 9.9 |
| Other Income | 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 | 0.4 | 0.63 |
| Profit before tax | 1.04 | 0.74 | 1.22 | 2.14 | 8.18 | 6.05 |
| Tax % | 25 | 39.19 | 27.87 | 24.77 | 25.92 | 25.62 |
| Net Profit | 0.78 | 0.45 | 0.87 | 1.61 | 6.05 | 4.5 |
| EPS in Rs | 31.2 | 18 | 34.8 | 64.4 | 205.57 | 2.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 28.3 |
| Borrowings | 3.44 | 3.13 | 2.3 | 9.14 | 11.81 | 8.83 |
| Other Liabilities | 7.89 | 8.22 | 9.09 | 11.29 | 26.54 | 25.96 |
| Total Liabilities | 14.5 | 14.97 | 15.82 | 26.47 | 59.89 | 83.66 |
| Fixed Assets | 2.77 | 2.69 | 2.67 | 3.1 | 7.07 | 7.95 |
| CWIP | 0 | 0 | 0 | 1.75 | 0.04 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11.73 | 12.28 | 13.15 | 21.62 | 52.78 | 75.71 |
| Total Assets | 14.5 | 14.97 | 15.82 | 26.47 | 59.89 | 83.66 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 2.01 | -4.82 | -8.8 | 8.7 |
| Cash from Investing Activity | — | — | -0.11 | -2.31 | -2.69 | -9.01 |
| Cash from Financing Activity | — | — | -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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 99.69 | 67.72 | 32.4 | 51.13 | 131.69 | 78.19 |
| Inventory Days | 124.11 | 57.21 | 57.5 | 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 | 23.92 | 36.84 | 14.5 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 84.94% | 61.97% |
| FIIs | 0% | 1.24% |
| DIIs | 0% | 6.24% |
| Government | 0% | 1.63% |
| Public | 0% | 21.38% |
| Others | 15.06% | 7.53% |
| No. of Shareholders | 38 | 530 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 9 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 65.47 | Buy |
| EMA (10) | 65.8 | Buy |
| SMA (20) | 63.61 | Buy |
| EMA (20) | 64.39 | Buy |
| SMA (50) | 60.54 | Buy |
| EMA (50) | 61.98 | Buy |
| SMA (100) | 61.07 | Buy |
| EMA (100) | 60.74 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.22 | Neutral |
| MACD (12,26,9) | 1.72 | Buy |
| Stochastic (14,3,3) | 71.88 | Neutral |
| ADX (14) | 23.06 | Neutral |
| Williams %R (14) | -28.84 | Neutral |
| ATR (14) | 3.06 | High Volatility |
| ROC (12) | 9.89 | Buy |
| Stoch RSI (14) | 48.29 | Neutral |
| UO (7,14,28) | 56.54 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7eccc026-12e0-4ccf-a31c-e72c1aaffe57.pdf) |
| 2026-09-10 | [Announcement Under Regulation 30 Of SEBI (LODR) - Investor Meet Scheduled To Be Held On September 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d3b6e46-33f1-455d-9027-2e41ee464b03.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31963dc4-1dad-4130-bfdb-2d69f0bc6d3f.pdf) |
| 2026-09-07 | [Announcement Under Regulation 30 LODR - Newspaper Advertisement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c9f73fb-fa5f-49ae-b2d4-111196986dcf.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69625b43-29df-4a2b-9522-369f38a25e48.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2848f7bb-4e67-41be-8f2a-aaadc2473f2d.pdf) |
| 2026-09-04 | [Submission Of Copy Of Newspaper Clippings For The Notice Of 12Th Annual General Meeting To Be Held Through Video Conferencing/Other Audio Visual Means Pursuant To Regulation 47 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c28fb697-795d-443c-a989-e014ddce06a6.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9443361f-9f41-4f43-986d-9e638bd96693.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Of Tipco Engineering India Limited (The Company) In Terms Of The Provisions Of Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd607fbe-5789-4488-bfc7-691ebd695aff.pdf) |
| 2026-09-03 | [Submission Of Notice Of 12Th (Twelfth) Annual General Meeting And Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3fff1ecd-3660-484b-a59e-df0712ab70ca.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/df424694-11ef-4309-9e6e-6728049387cc.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/00b28166-ef63-4af6-b88d-4fdeeede67fc.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-06-01 | [Submission Of Audio Recording Of Earnings Conference Call Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8cc895f-486b-4b27-b05d-304748ff08c6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Regulations 30 And 33 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (The Listing Regulations")-Standalone Audited Financial Results March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dedda78f-8702-444a-88e4-20e532a712b9.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Received Rs. 8.40 crore domestic transformer supply order, executable within 12 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Apr - Received Rs. 8.40 crore domestic transformer supply order, executable within 12 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/619e3810-254f-45c1-922c-3315eb03b5ce.pdf) |
| 8 Apr - Accord Transformer won a Rs 23 lakh transformer supply order from a Gurugram hospital company, to finish in 6 weeks. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 8 Apr - Accord Transformer won a Rs 23 lakh transformer supply order from a Gurugram hospital company, to finish in 6 weeks.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08d6e6a5-1e0e-4a8c-893d-803cc5f72dcb.pdf) |
| 4 Apr - Company says price rise is market-driven and no material information was undisclosed. | [Clarification 4 Apr - Company says price rise is market-driven and no material information was undisclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8561181-56b0-439b-9118-d6e176d8a0ee.pdf) |
| 4 Apr - CIN changed to L31500HR2014PLC052544; MCA listing status updated to Yes. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ce7f837-9801-4ad0-9d5c-52116df8170d.pdf) |
| 30 Apr - Accord completed CPRI dynamic short circuit test for 17.6 MVA inverter duty transformer. | [Successful Completion Of Dynamic Short Circuit Test For Inverter Duty Transformer At CPRI 30 Apr - Accord completed CPRI dynamic short circuit test for 17.6 MVA inverter duty transformer.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ffe378f-f98e-4aee-b7fc-c2f643ee889d.pdf) |
| 30 Apr - Accord completed CPRI dynamic short circuit test for 17.6 MVA inverter duty transformer. | [Successful Completion Of Dynamic Short Circuit Test For Inverter Duty Transformer At CPRI 30 Apr - Accord completed CPRI dynamic short circuit test for 17.6 MVA inverter duty transformer.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ffe378f-f98e-4aee-b7fc-c2f643ee889d.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 14 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/caac5311-2b84-4f5e-9129-f18a01132dd5.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:50.554Z.