---
title: "Accord Transformer & Switchgear Ltd (544710) — Share Price, Financials & Analysis"
symbol: "544710"
company: "Accord Transformer & Switchgear Ltd"
canonical: "https://tapetide.com/stocks/544710"
bse_code: "544710"
sector: "Industrials"
industry: "Electrical Equipment"
generated_at: "2026-09-13T18:37:06.264Z"
---

# Accord Transformer & Switchgear Ltd (544710)

Canonical page: https://tapetide.com/stocks/544710

## Company

- **BSE Code:** 544710
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** atsgroup.in

## About

Incorporated in 2014, Accord Transformer 
& Switchgear Ltd is a manufacturer of power 
and distribution equipment[1]

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- 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

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -26% | 72% | 42% |
| revenue growth | -11% | 20% | 31% |

## 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

### annual

| Category | Mar 2026 |
| --- | --- |
| Promoters | 61.97% |
| FIIs | 1.24% |
| DIIs | 6.24% |
| Government | 1.63% |
| Public | 28.92% |
| No. of Shareholders | 573 |

### Quarterly

| Category | Mar 2026 |
| --- | --- |
| Promoters | 61.97% |
| FIIs | 1.24% |
| DIIs | 6.24% |
| Government | 1.63% |
| Public | 28.92% |
| No. of Shareholders | 573 |

## 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

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - Submitted Business Standard article clipping on 7 Sep 2026 highlighting profile, FY2025-26 performance and capacity expansion. | [Announcement Under Regulation 30 LODR - Newspaper Advertisement 7 Sep - Submitted Business Standard article clipping on 7 Sep 2026 highlighting profile, FY2025-26 performance and capacity expansion.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c9f73fb-fa5f-49ae-b2d4-111196986dcf.pdf) |
| 7 Sep - Accord Transformer secured two domestic supply orders worth ₹1.92 crore excluding GST, executable in 2-3 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 7 Sep - Accord Transformer secured two domestic supply orders worth ₹1.92 crore excluding GST, executable in 2-3 months.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31963dc4-1dad-4130-bfdb-2d69f0bc6d3f.pdf) |
| 6 Jul - Compliance Certificate from Kfintech Technologies under regulation 74(5) of SEBI (DP) | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jul - Compliance Certificate from Kfintech Technologies under regulation 74(5) of SEBI (DP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=475be854-2cd3-49f8-815c-e76fec065423.pdf) |
| 5 Sep - Submitted 12th Annual Report and AGM notice for FY 2025-26; available on company website. | [Reg. 34 (1) Annual Report. 5 Sep - Submitted 12th Annual Report and AGM notice for FY 2025-26; available on company website.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69625b43-29df-4a2b-9522-369f38a25e48.pdf) |
| 5 Sep - Received transformer supply orders from Shalimar Corp Limited worth ₹50.40 lakh, to execute in 8-10 weeks. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Sep - Received transformer supply orders from Shalimar Corp Limited worth ₹50.40 lakh, to execute in 8-10 weeks.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2848f7bb-4e67-41be-8f2a-aaadc2473f2d.pdf) |
| 4 Sep - Received two domestic transformer supply orders from Sunsure Energy worth ₹50.80 lakh, executable within 3 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 4 Sep - Received two domestic transformer supply orders from Sunsure Energy worth ₹50.80 lakh, executable within 3 months.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9443361f-9f41-4f43-986d-9e638bd96693.pdf) |
| 4 Sep - Published newspaper clippings for 12th AGM notice, scheduled for 26 September 2026 via VC/OAVM. | [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 (LODR) Regulations, 2015. 4 Sep - Published newspaper clippings for 12th AGM notice, scheduled for 26 September 2026 via VC/OAVM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c28fb697-795d-443c-a989-e014ddce06a6.pdf) |
| 30 Jul - Company concluded analyst and institutional investor meetings on July 29-30, 2026 in Mumbai. | [Outcome Of Analyst/ Institutional Investor Meeting Held On July 29, 2026 & July 30, 2026 30 Jul - Company concluded analyst and institutional investor meetings on July 29-30, 2026 in Mumbai.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a99f79e1-dfb5-47dc-9dc6-adff0416a065.pdf) |
| 3 Sep - Board approved AGM items, ESOP 2026, and reallocated ₹700 lakh IPO proceeds to plant expansion. | [Board Meeting Outcome For Outcome Of Meeting Of The Board Of Accord Transformer & Switchgear Limited (''The Company'') In Terms Of The Provisions Of Regulation 30 Of SEBI (LODR) Regulations, 2015 3 Sep - Board approved AGM items, ESOP 2026, and reallocated ₹700 lakh IPO proceeds to plant expansion.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0bf73e52-4ecd-47fb-86fb-f79dc9013fd6.pdf) |
| 3 Sep - Board approved 12th AGM on Sep 26, 2026, Shalini Singh reappointment, ATSL ESOP 2026, and ₹700 lakh IPO object change. | [Board Meeting Outcome for Outcome Of Meeting Of The Board Of Tipco Engineering India Limited ('The Company') In Terms Of The Provisions Of Regulation 30 Of SEBI (LODR) Regulations, 2015. 3 Sep - Board approved 12th AGM on Sep 26, 2026, Shalini Singh reappointment, ATSL ESOP 2026, and ₹700 lakh IPO object change.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd607fbe-5789-4488-bfc7-691ebd695aff.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df424694-11ef-4309-9e6e-6728049387cc.pdf) |

---

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 2026-09-13T18:37:06.264Z.