Accord Synergy Ltd
Incorporated in 2014, Accord Synergy Ltd is engaged in telecom implementation activities and civil works[1]
- Market Cap ₹ 10.1 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 37.0 / 23.6
- Stock P/E
- Book Value ₹ 39.8
- Dividend Yield 0.00 %
- ROCE 2.53 %
- ROE 1.92 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.73 times its book value
- Debtor days have improved from 113 to 89.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -16.3% over past five years.
- Company has a low return on equity of -12.3% over last 3 years.
* 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
Sector: Telecomm-Service Industry: Telecommunications - Service Provider
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 10m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
8.71 | 63.04 | 64.07 | 55.81 | 77.54 | 66.87 | 39.06 | 24.96 | 20.15 | 31.88 | 29.26 | |
8.17 | 57.40 | 57.96 | 50.45 | 70.78 | 63.22 | 36.61 | 30.19 | 19.70 | 31.27 | 29.93 | |
Operating Profit | 0.54 | 5.64 | 6.11 | 5.36 | 6.76 | 3.65 | 2.45 | -5.23 | 0.45 | 0.61 | -0.67 |
OPM % | 6.20% | 8.95% | 9.54% | 9.60% | 8.72% | 5.46% | 6.27% | -20.95% | 2.23% | 1.91% | -2.29% |
0.00 | 0.00 | -0.08 | -0.01 | 0.17 | 0.34 | 0.39 | 0.11 | 0.30 | 0.14 | 0.14 | |
Interest | 0.06 | 1.35 | 1.08 | 1.09 | 1.29 | 1.03 | 0.80 | 0.38 | 0.05 | 0.01 | 0.02 |
Depreciation | 0.01 | 0.24 | 0.76 | 0.96 | 1.12 | 0.56 | 0.54 | 0.48 | 0.46 | 0.38 | 0.24 |
Profit before tax | 0.47 | 4.05 | 4.19 | 3.30 | 4.52 | 2.40 | 1.50 | -5.98 | 0.24 | 0.36 | -0.79 |
Tax % | 31.91% | 33.09% | 31.98% | 35.15% | 26.11% | 27.08% | 27.33% | -0.84% | -25.00% | -8.33% | |
0.32 | 2.70 | 2.85 | 2.15 | 3.34 | 1.74 | 1.09 | -5.93 | 0.30 | 0.39 | -0.79 | |
EPS in Rs | 320.00 | 2,700.00 | 11.40 | 6.19 | 9.62 | 5.01 | 3.14 | -17.08 | 0.86 | 1.12 | -2.27 |
Dividend Payout % | 0.00% | 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: | -16% |
3 Years: | -7% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -39% |
3 Years: | -34% |
TTM: | -239% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 25% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -4% |
3 Years: | -12% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 2.50 | 3.47 | 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 | 11.34 | 10.36 |
5.95 | 11.21 | 8.42 | 9.24 | 9.57 | 7.82 | 2.95 | 1.66 | 0.00 | 0.00 | 0.00 | |
3.89 | 8.74 | 8.35 | 9.01 | 11.40 | 8.66 | 4.59 | 1.92 | 2.86 | 2.73 | 2.86 | |
Total Liabilities | 10.17 | 23.00 | 22.67 | 32.13 | 38.19 | 35.43 | 27.59 | 17.70 | 17.28 | 17.54 | 16.69 |
0.41 | 1.12 | 2.66 | 3.80 | 3.33 | 2.83 | 2.29 | 1.74 | 1.30 | 0.94 | 0.88 | |
CWIP | 0.00 | 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 | 3.62 | 2.52 |
9.76 | 21.88 | 20.01 | 27.38 | 34.86 | 32.59 | 21.33 | 8.03 | 12.84 | 12.98 | 13.29 | |
Total Assets | 10.17 | 23.00 | 22.67 | 32.13 | 38.19 | 35.43 | 27.59 | 17.70 | 17.28 | 17.54 | 16.69 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
-5.42 | -2.57 | 5.81 | -2.60 | 0.63 | 2.77 | 12.09 | 3.62 | -3.85 | 0.50 | |
-0.42 | -0.96 | -2.30 | -3.06 | 0.30 | -0.07 | -3.96 | -3.96 | 4.98 | -0.39 | |
5.89 | 3.96 | -3.86 | 5.57 | -0.96 | -2.68 | -5.66 | -1.59 | -1.70 | 0.00 | |
Net Cash Flow | 0.05 | 0.44 | -0.35 | -0.08 | -0.02 | 0.02 | 2.47 | -1.92 | -0.56 | 0.11 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 385.11 | 104.91 | 89.56 | 97.25 | 106.29 | 125.92 | 106.15 | 80.72 | 169.55 | 89.76 |
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 | 89.76 |
Working Capital Days | 244.31 | 73.88 | 69.05 | 121.84 | 110.29 | 128.49 | 130.36 | 78.24 | 176.07 | 113.58 |
ROCE % | 52.58% | 38.07% | 23.88% | 23.40% | 12.88% | 8.52% | -29.45% | 0.60% | 2.53% |
Documents
Announcements
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Clarification - Financial Results
13 December 2024 - Exchange has sought clarification from Accord Synergy Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Financial Result Updates
14 November 2024 - Accord Synergy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Outcome of Board Meeting
14 November 2024 - Accord Synergy Limited has informed regarding Board meeting held on November 14, 2024.
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Board Meeting Intimation
6 November 2024 - ACCORD SYNERGY LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Audited Financial results of the Company …
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Updates
21 October 2024 - Accord Synergy Limited has informed regarding 'Structural Digital Database-Regulation 3(5) and 3(6) SEBI(PIT)'.
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