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Accord Transformer & Switchgear (BSE 544710)₹85.90−0.64%Heavy Electrical Equipment
In the Mar 2026 quarter (standalone), Accord Transformer & Switchgear reported sales of ₹42.46 Cr, down 26.4% from Mar 2025, and net profit of ₹3.26 Cr, down 40.3% year on year. For the year to Mar 2026, sales were ₹70.25 Cr and net profit ₹4.51 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Sales | 57.70 | 42.46 |
| Expenses | 50.02 | 37.74 |
| Operating Profit | 7.58 | 4.68 |
| OPM % | 13.3% | 11.1% |
| Other Income | 0.16 | 0.25 |
| Interest | 0.25 | 0.24 |
| Depreciation | 0.21 | 0.33 |
| Profit before tax | 7.28 | 4.36 |
| Tax % | 25.3% | 25.6% |
| Net Profit | 5.46 | 3.26 |
| EPS (Rs) | 185.06 | 1.57 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 18.44 | 34.53 | 40.92 | 48.68 | 79.26 | 70.25 |
| Expenses | 17.15 | 33.37 | 39.19 | 45.89 | 70.02 | 63.29 |
| Operating Profit | 1.27 | 1.11 | 1.64 | 2.71 | 9.12 | 6.91 |
| OPM % | 7.0% | 3.3% | 4.1% | 5.6% | 11.6% | 9.9% |
| Other Income | 0.02 | 0.12 | 0.03 | 0.07 | 0.10 | 0.30 |
| Interest | 0.13 | 0.36 | 0.33 | 0.49 | 0.68 | 0.56 |
| Depreciation | 0.12 | 0.13 | 0.12 | 0.15 | 0.39 | 0.62 |
| Profit before tax | 1.03 | 0.73 | 1.21 | 2.13 | 8.15 | 6.03 |
| Tax % | 25.0% | 39.2% | 27.8% | 24.8% | 25.9% | 25.6% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −0.06 | 0.00 |
| Net Profit | 0.79 | 0.46 | 0.88 | 1.62 | 6.06 | 4.51 |
| EPS (Rs) | 31.18 | 17.97 | 34.77 | 64.30 | 205.43 | 2.18 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.24 | 0.24 | 0.24 | 0.24 | 0.28 | 20.53 |
| Reserves | 2.91 | 3.36 | 4.17 | 5.78 | 21.22 | 28.27 |
| Borrowings | 3.43 | 3.12 | 2.29 | 9.13 | 11.80 | 8.82 |
| Other Liabilities | 7.90 | 8.23 | 9.12 | 11.30 | 26.55 | 25.97 |
| Total Liabilities | 14.48 | 14.95 | 15.82 | 26.45 | 59.85 | 83.59 |
| Fixed Assets | 2.76 | 2.68 | 2.68 | 3.09 | 7.06 | 7.94 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.76 | 0.05 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 11.72 | 12.27 | 13.14 | 21.60 | 52.74 | 75.65 |
| Inventories | 5.09 | 4.72 | 5.50 | 10.64 | 18.10 | 24.39 |
| Trade receivables | 5.03 | 6.40 | 3.63 | 6.81 | 28.54 | 15.02 |
| Cash & equivalents | 0.09 | 0.07 | 1.15 | 0.65 | 1.28 | 22.31 |
| Total Assets | 14.48 | 14.95 | 15.82 | 26.45 | 59.85 | 83.59 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 2.02 | −4.83 | −8.81 | 8.71 |
| Cash from investing activity | −0.12 | −2.30 | −2.68 | −9.00 |
| Cash from financing activity | −1.14 | 6.35 | 11.45 | 13.68 |
| Net cash flow | 0.74 | −0.77 | −0.01 | 13.36 |
| Capex | 0.39 | 2.33 | 3.07 | 1.45 |
| Free cash flow | 1.87 | −7.15 | −11.55 | 7.23 |
| CFO / OP % | 141.1% | −161.0% | −82.0% | 162.1% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 100 | 68 | 32 | 51 | 132 | 78 |
| Inventory days | 124 | 57 | 58 | 99 | 109 | 179 |
| Days payable | 140 | 65 | 67 | 76 | 91 | 137 |
| Cash conversion cycle | 85 | 61 | 24 | 75 | 151 | 122 |
| Working capital days | 47 | 34 | 8 | 6 | 66 | 101 |
| ROCE % | — | 16.3% | 23.1% | 24.0% | 36.9% | 14.5% |
For the Mar 2026 quarter, Accord Transformer & Switchgear reported sales of ₹42.46 Cr, down 26.4% year on year and net profit of ₹3.26 Cr, down 40.3% year on year. The operating margin was 11.1%.
Accord Transformer & Switchgear's sales for the year to Mar 2026 were ₹70.25 Cr.
Net profit for the year to Mar 2026 was ₹4.51 Cr. Earnings per share over the same trailing period were ₹2.18.
Accord Transformer & Switchgear reported borrowings of ₹8.82 Cr at Mar 2026, against cash and equivalents of ₹22.31 Cr.
Cash from operations was ₹8.71 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7.23 Cr.