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Earnings Call

Accord Transformer & Switchgear Earnings Call: Key Takeaways

Accord Transformer delivered 70.6cr revenue in FY26, managing a significant revenue deferment of 31cr due to client-side project delays while maintaining double-digit EBITDA margins.

Why this was an Alfa AlertManagement explicitly guides FY27 revenue growth of 60-80% YoY, far exceeding the 50% growth threshold.
Highlights
Revenue growth70.6cr FY26; 31cr revenue deferred to FY27 due to client delays.
MarginsEBITDA margin 10.39%; aiming for 13-15% with operating leverage.
Order bookCurrent order book at 156cr as of May 2026.
Demand visibilityStrong visibility in renewables, EVs, and power transmission sectors.
Management confidenceOptimistic, highlighting 156cr order book and strategic Russia MOU.

Growth

FY26 revenue of 70.6cr; EBITDA at 7.31cr (10.39% margin) and PAT at 4.5cr, showing steady profitability.

Outlook

Management guides 60-80% revenue growth for FY27 (120-180cr) and PAT margins of 9-11%.

Risks

High client concentration and project-related timing delays significantly impact quarterly revenue recognition and cash flows.

Source

Earnings Call filed with BSE, NSE: ACCORDTS. Summary written with AI assistance from the document.

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Accord Transformer & Switchgear Ltd: key numbers

Share price
₹86.04
Market cap
₹177.0 Cr
Revenue (annual)
₹70.07 Cr
Net profit (annual)
₹4.50 Cr
P/E (TTM)
39.3×Sector 53.6×
Promoter holding
61.97%
FII holding
1.24%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:22 IST BSE
Employee Stock Options

Accord Transformer & Switchgear Employee Stock Options

Accord Transformer & Switchgear Ltd's shareholders approved the 'ATSL Employees Stock Option Plan – 2026' at the 12th Annual General Meeting.

17:27 IST BSE
Annual General Meeting

Accord Transformer & Switchgear Annual General Meeting

Accord Transformer & Switchgear held its 12th AGM on September 26, 2026. Business included financial statement adoption, director re-appointment, IPO object alteration, and ESOP implementation approval.

18:59 IST BSE
New Order Win

Accord Transformer & Switchgear Bags ₹4.48 Cr Order from Good Earth Renewable Services Private Limited

Accord Transformer & Switchgear Ltd secured a ₹4.48 Crore order from Good Earth Renewable Services Private Limited for the supply of inverter duty transformers.

Value
₹4.48 Cr
From
Good Earth Renewable Services Private Limited
Execution
2-3 months
18:59 IST BSE
New Order Win

Accord Transformer & Switchgear Bags ₹0.4 Cr Order from Global Energy Corporation

Accord Transformer & Switchgear Ltd received a Rs.0.40 Crore order from Global Energy Corporation for supply of transformers. Execution is expected within 4 weeks.

Value
₹0.40 Cr
From
Global Energy Corporation
Execution
Within 4 Weeks
18:42 IST BSE
New Order Win

Accord Transformer & Switchgear Bags ₹20.02 Cr Order from Leading Private Sector EPC company

Accord Transformer & Switchgear secured a Rs. 20.02 Crore order for wind turbine transformers. The project will be executed within 4-5 months.

Value
₹20.02 Cr
From
Leading Private Sector EPC company (for Aditya Birla Renewables project)
Execution
4-5 months
Wind Turbine Transformers
57 units
14:17 IST BSE
New Order Win

Accord Transformer & Switchgear Bags ₹5.28 Cr Order from Good Earth Renewable Services Pvt Ltd; Karan Power System Pvt Ltd;...

Accord Transformer received new orders totalling ₹5.28 Crore from three domestic clients for transformer supply. Execution periods range from 4 weeks to 3 months.

Value
₹5.28 Cr
From
Good Earth Renewable Services Pvt Ltd; Karan Power System Pvt Ltd; Global Energy Corporation
Execution
4 weeks to 3 months (varies by order)