Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.49 | 23.57 | 15.29 | 9.67 | 6.58 | 13.57 | 15.55 | 16.32 | 12.94 | 14.40 | 19.14 | 17.68 |
| Expenses | 14.52 | 22.10 | 16.77 | 13.49 | 6.42 | 13.28 | 15.22 | 16.04 | 13.89 | 14.81 | 18.43 | 17.51 |
| Operating Profit | 0.97 | 1.47 | -1.48 | -3.82 | 0.16 | 0.29 | 0.33 | 0.28 | -0.95 | -0.41 | 0.71 | 0.17 |
| OPM % | 6.26% | 6.24% | -9.68% | -39.50% | 2.43% | 2.14% | 2.12% | 1.72% | -7.34% | -2.85% | 3.71% | 0.96% |
| Other Income | 0.20 | 0.19 | 0.02 | 0.16 | 0.02 | 0.28 | 0.05 | 0.09 | 0.05 | 0.19 | 0.48 | 0.12 |
| Interest | 0.47 | 0.33 | 0.17 | 0.21 | 0.04 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.05 |
| Depreciation | 0.33 | 0.21 | 0.24 | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.07 | 0.06 | 0.06 | 0.06 |
| Profit before tax | 0.37 | 1.12 | -1.87 | -4.11 | -0.09 | 0.33 | 0.17 | 0.19 | -0.98 | -0.29 | 1.11 | 0.18 |
| Tax % | 29.73% | 26.79% | -0.53% | -0.97% | -33.33% | -9.09% | -17.65% | 0.00% | 0.00% | 0.00% | -2.70% | 0.00% |
| Net Profit | 0.26 | 0.83 | -1.86 | -4.07 | -0.07 | 0.37 | 0.20 | 0.19 | -0.98 | -0.29 | 1.15 | 0.18 |
| EPS in Rs | 0.75 | 2.39 | -5.36 | -11.72 | -0.20 | 1.07 | 0.58 | 0.55 | -2.82 | -0.84 | 3.31 | 0.52 |
| Mar 2015 10m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.71 | 63.04 | 64.07 | 55.81 | 77.54 | 66.87 | 39.06 | 24.96 | 20.15 | 31.88 | 27.34 | 36.82 |
| Expenses | 8.17 | 57.40 | 57.96 | 50.45 | 70.78 | 63.22 | 36.61 | 30.19 | 19.70 | 31.27 | 28.70 | 35.94 |
| Operating Profit | 0.54 | 5.64 | 6.11 | 5.36 | 6.76 | 3.65 | 2.45 | -5.23 | 0.45 | 0.61 | -1.36 | 0.88 |
| OPM % | 6.20% | 8.95% | 9.54% | 9.60% | 8.72% | 5.46% | 6.27% | -20.95% | 2.23% | 1.91% | -4.97% | 2.39% |
| Other Income | 0.00 | 0.00 | -0.08 | -0.01 | 0.17 | 0.34 | 0.39 | 0.11 | 0.30 | 0.14 | 0.24 | 0.60 |
| Interest | 0.06 | 1.35 | 1.08 | 1.09 | 1.29 | 1.03 | 0.80 | 0.38 | 0.05 | 0.01 | 0.02 | 0.07 |
| Depreciation | 0.01 | 0.24 | 0.76 | 0.96 | 1.12 | 0.56 | 0.54 | 0.48 | 0.46 | 0.38 | 0.13 | 0.11 |
| Profit before tax | 0.47 | 4.05 | 4.19 | 3.30 | 4.52 | 2.40 | 1.50 | -5.98 | 0.24 | 0.36 | -1.27 | 1.30 |
| Tax % | 31.91% | 33.09% | 31.98% | 35.15% | 26.11% | 27.08% | 27.33% | -0.84% | -25.00% | -8.33% | 0.79% | -2.31% |
| Net Profit | 0.32 | 2.70 | 2.85 | 2.15 | 3.34 | 1.74 | 1.09 | -5.93 | 0.30 | 0.39 | -1.27 | 1.33 |
| EPS in Rs | 320.00 | 2,700.00 | 11.40 | 6.19 | 9.62 | 5.01 | 3.14 | -17.08 | 0.86 | 1.12 | -3.66 | 3.83 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -5% | -1% | 22% | 35% | ||
| Compounded Profit Growth | -11% | -2% | 105% | 159% | ||
| Stock Price CAGR | % | 54% | 92% | 757% | ||
| Return on Equity | 4% | -8% | -1% | 6% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 2.50 | 3.47 | 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 | 10.07 | 11.40 |
| Borrowings | 5.95 | 11.21 | 8.42 | 9.24 | 9.57 | 7.82 | 2.95 | 1.66 | 0.00 | 0.00 | 0.51 | 0.71 |
| Other Liabilities | 3.89 | 8.74 | 8.35 | 9.01 | 11.40 | 8.66 | 4.59 | 1.92 | 2.86 | 2.73 | 3.68 | 3.73 |
| Total Liabilities | 10.17 | 23.00 | 22.67 | 32.13 | 38.19 | 35.43 | 27.59 | 17.70 | 17.28 | 17.54 | 17.73 | 19.31 |
| Fixed Assets | 0.41 | 1.12 | 2.66 | 3.80 | 3.33 | 2.83 | 2.29 | 1.74 | 1.30 | 0.94 | 0.85 | 0.87 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.95 | 0.00 | 0.01 | 3.97 | 7.93 | 3.14 | 3.62 | 1.71 | 0.80 |
| Other Assets | 9.76 | 21.88 | 20.01 | 27.38 | 34.86 | 32.59 | 21.33 | 8.03 | 12.84 | 12.98 | 15.10 | 17.64 |
| Total Assets | 10.17 | 23.00 | 22.67 | 32.13 | 38.19 | 35.43 | 27.59 | 17.70 | 17.28 | 17.54 | 17.73 | 19.31 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5.42 | -2.57 | 5.81 | -2.60 | 0.63 | 2.77 | 12.09 | 3.62 | -3.85 | 0.38 | -2.02 | -0.41 |
| Cash from Investing Activity | -0.42 | -0.96 | -2.30 | -3.06 | 0.30 | -0.07 | -3.96 | -3.96 | 4.98 | -0.39 | 1.99 | 1.31 |
| Cash from Financing Activity | 5.89 | 3.96 | -3.86 | 5.57 | -0.96 | -2.68 | -5.66 | -1.59 | -1.70 | 0.00 | 0.50 | 0.14 |
| Net Cash Flow | 0.05 | 0.44 | -0.35 | -0.08 | -0.02 | 0.02 | 2.47 | -1.92 | -0.56 | -0.01 | 0.47 | 1.04 |
| Free Cash Flow | -5.84 | -3.53 | 3.51 | -4.70 | -0.02 | 2.71 | 12.09 | 3.62 | -3.87 | 0.36 | -2.13 | -0.48 |
| CFO/OP | -896% | 3% | 129% | -13% | 15% | 93% | 509% | -69% | -856% | 62% | 149% | -47% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 385.11 | 104.91 | 89.56 | 97.25 | 106.29 | 125.92 | 106.15 | 80.72 | 169.55 | 89.76 | 126.96 | 90.90 |
| 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 | 126.96 | 90.90 |
| Working Capital Days | 244.31 | 73.88 | 69.05 | 121.84 | 110.29 | 128.49 | 130.36 | 78.24 | 176.07 | 113.58 | 140.58 | 119.25 |
| ROCE % | 52.58% | 38.07% | 23.88% | 23.40% | 12.88% | 8.52% | -29.45% | 0.60% | 1.78% | -9.91% | 9.25% |
| Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 71.99% | 31.99% |
| Public | 28.02% | 28.02% | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% | 68.01% |
| No. of Shareholders | 206 | 200 | 188 | 187 | 188 | 206 | 220 | 223 | 226 | 222 | 212 | 186 |
Fundamentals
Market Cap₹ 73.0 Cr.
Current Price₹ 188
Stock P/E84.8
Book Value₹ 42.8
ROCE9.25 %
ROE6.05 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)35%
Compounded Profit Growth (TTM)159%
Standalone figures.
Valuation
Market capRs 65 Cr
Enterprise valueRs 65 Cr
P/E (TTM)49.20x
Price to book4.40x
Price to sales1.78x
EV / EBITDA43.66x
EV / EBIT47.16x
EV / sales1.75x
Earnings yield2.03%
P/E, 3-year average16.52x
P/B, 3-year average0.58x
P/E, 5-year average19.31x
P/B, 5-year average0.57x
Profitability
Operating margin (excl. other income)2.39%
Operating margin (incl. other income)4.02%
EBITDA margin4.02%
Pre-tax margin3.53%
Net profit margin3.61%
ROE9.36%
ROCE9.25%
ROA7.18%
ROE, 3-year average1.02%
ROCE, 3-year average1.04%
ROA, 3-year average0.74%
ROE, 5-year average-5.91%
ROCE, 5-year average-4.77%
ROA, 5-year average-4.45%
ROIC (approx.)9.98%
Tax rate-2.31%
Other income / net worth4.04%
Growth
Sales growth (latest year)34.67%
Sales CAGR, 3 years22.26%
Sales CAGR, 5 years-1.17%
Profit CAGR, 3 years64.28%
Profit CAGR, 5 years4.06%
Per share
EPS (TTM)Rs 3.83
EPS (latest year)Rs 3.83
EPS, 3-year averageRs 0.43
EPS, 5-year averageRs -2.98
Book value per shareRs 42.83
Sales per shareRs 106.05
Cash flow per shareRs -1.18
Free cash flow per shareRs -1.38
Efficiency
Asset turnover1.91x
Fixed asset turnover42.32x
Inventory turnover-0.28x
Debtor days91 days
Debtors turnover4.02x
Cash conversion cycle91 days
Working capital days119 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 2 Cr
Net debtRs -1 Cr
Debt to equity0.05x
Net debt / EBITDA-0.55x
Interest coverage19.57x
Owners' fund to total sources77.01%
Debt to assets3.68%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Statement figures
Net sales (TTM)Rs 37 Cr
Net sales (latest year)Rs 37 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs -1 Cr
Total expenditure (latest year)Rs 36 Cr
Total income (latest year)Rs 37 Cr
Share capitalRs 3 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 15 Cr
Total assetsRs 19 Cr
Net blockRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 9 Cr
InventoryRs 3 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.35
Ownership
Promoter holding31.99% (-40.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 49.2 is at the 96th percentile of its own 6.8-year range
(median 6.7, low 1.3, high 52.8).
P/B 4.40 is at the 97th percentile (median 0.63).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ACCORD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.8% | -2.8% | -6.0 pts |
| 1 month | +71.7% | -6.8% | +78.5 pts |
| 3 months | +611.1% | -7.6% | +618.7 pts |
| 6 months | +976.9% | +0.4% | +976.5 pts |
| 1 year | +506.9% | -9.9% | +516.8 pts |
| 2 years | +640.5% | -13.6% | +654.0 pts |
| 3 years | +541.0% | +14.2% | +526.8 pts |
| 5 years | +842.2% | +27.9% | +814.4 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -456% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 46% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹18 Cr +8.3% vs Mar 2024.
Net profit ₹0 Cr -5.3%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded