Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.
With over 10 years of experience, the company caters to the standard and customised requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.
Product Portfolio
Accord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including:
1. Transformers:
2. Control Panels & Switchgear:
The company operates two manufacturing facilities in Bhiwadi, Rajasthan, with its registered office located in Manesar, Haryana. These facilities are equipped with advanced machinery such as plasma cutting systems, foil winding machines, shot blasting and painting booths, and comprehensive in-house testing laboratories, enabling expertise in the design, manufacture, testing, and deployment of critical power systems.
As of December 31, 2025, the company had 114 permanent employees.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 41.02 | 59.89 | 26.46 | 15.82 |
| Total Income | 45.29 | 79.20 | 48.60 | 40.81 |
| Profit After Tax | 2.91 | 6.05 | 1.61 | 0.87 |
| EBITDA | 4.62 | 9.10 | 2.67 | 1.54 |
| NET Worth | 24.45 | 21.54 | 6.04 | 4.43 |
| Reserves and Surplus | 9.44 | 21.25 | 5.79 | 4.18 |
| Total Borrowing | 4.37 | 11.81 | 9.13 | 2.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards purchase of machinery and equipment | 13.03 |
| 2 | Funding of working capital requirements | 10.00 |
| 3 | General corporate purposes | |
| Total | 23.03 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 12.67% | 43.90% |
| ROCE | 14.52% | 26% |
| Debt/Equity | 0.18 | 0.55 |
| RoNW | 11.91% | 28.10% |
| PAT Margin | 6.44% | 7.66% |
| EBITDA Margin | 10.19% | 11.49% |
| Price to Book Value | 2.82 | 3.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.03 | 2.94 |
| P/E (x) | 11.41 | 15.63 |
| IPO Date | 23 to 25 Feb, 2026 |
| Listing Date | Mon, Mar 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹43 to ₹46 |
| Issue Price | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,62,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,82,000 shares (agg. up to ₹1 Cr)
|
| Net Offered to Public | 52,80,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,50,11,289 shares |
| Share Holding Post Issue | 2,05,73,289 shares |
Mr. Pradeep Kumar Verma and Mrs Shalini Singh are the promoters.
| Share Holding Pre Issue | 84.94% |
| Share Holding Post Issue | 61.98% |
As per our analysis and Based on the information we have, this is the output.
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