Company Overview

Accord Synergy Limited is an India-based company that offers support services to the telecommunications sector. Its services include network planning and optimization, network rollout, managed services, and manpower solutions through sub-contracting. The company provides comprehensive services related to the planning, installation, commissioning, operation, modification, and maintenance of telecom networks, along with manpower solutions.

Accord Synergy Limited was incorporated in Ahmedabad as "Accord Synergy Private Limited" on June 19, 2014. It was subsequently converted into a Public Limited Company, and a fresh Certificate of Incorporation as "Accord Synergy Limited" was issued on February 23, 2017.

The company primarily operates within the telecommunications sector, focusing on providing end-to-end infrastructure support services to major telecom operators across India. Its offerings include technical site surveys, radio surveys, network planning, installation and commissioning of radio and core equipment (BBS, RBS 2G, 3G, and LTE), installation supervision, and integration services for various equipment and vendors. It caters to a diverse range of telecom operators and equipment manufacturers in India.

Business Operations and Client Base

The company secures contracts primarily with large telecom service providers like Nokia Solutions and Networks India Pvt. Ltd. and Samsung India Electronics Pvt. Ltd. for telecom implementation activities. These activities span across different states in India for telecom companies such as Vodafone, Idea, Airtel, and Jio, enabling nationwide operations and a strong presence in the telecom infrastructure services segment.

Accord Synergy Limited has achieved a significant scale of operations and profitability in a relatively short period. The company holds ISO 9000-2008, ISO 14001:2004, and OHSAS certifications for Engineering, Procurement, Construction, Installation, Commissioning, Electrical Projects, Maintenance, Transport, Contract Service, and Manpower Supply. These certifications underscore the company's commitment to high standards of quality, environmental management, and occupational health and safety.

Stock Market Presence and Trading Details

Accord Synergy Ltd is listed and actively trades on the National Stock Exchange (NSE) under the symbol "ACCORD" and on the Bombay Stock Exchange (BSE) under the identifier "538435". Incorporated in 2014, the company's registered office is located at 302 Shine Plaza, Natubhi Circle, Race Course, Vadodara, Gujarat, 390007.

The company successfully completed its Public Issue of 9,72,000 Equity Shares in June 2017, raising funds amounting to ₹5.83 Crores. This public listing was a significant milestone, providing access to capital markets to fuel its expansion plans.

Key Financial Metrics and Market Performance

As of April 25, 2025, Accord Synergy Ltd (ACCORD)'s share price on NSE was ₹19.25.

The current market capitalization of Accord Synergy Ltd (ACCORD) is ₹6.68 Crores.

The stock has experienced considerable volatility. The 52-week high for Accord Synergy Ltd (ACCORD) is ₹37.00, and the 52-week low is ₹17.50. Over the past 6 months, the share price has decreased by 38.89%, and over the last year, it has decreased by 28.44%.

Financial Ratios and Valuation Metrics

Key financial ratios as of April 25, 2025:

- PE Ratio: 24.06

- PB Ratio: 2.22

- EPS: -2.27

According to recent reporting period data:

- Earnings (TTM): ₹-5.93 Cr

- CFO: ₹14.34 Cr

- EBITDA: ₹25.20 Cr

- Net Profit: ₹8.27 Cr

Shareholding Pattern and Corporate Governance

Promoter holding in Accord Synergy Ltd remained stable at 71.99% as of September 2024, consistent with the figure from March 2023. This stable promoter holding indicates strong management confidence in the company's future prospects.

The statutory auditor for Accord Synergy Ltd is Naresh & Co. The key management personnel include Asdulla Khan A Pathan as Chairman and Drashti Gandhi as Company Secretary.

Industry Position and Peer Comparison

Accord Synergy Ltd operates within the Telecommunications - Service Provider industry. Its peers include major players such as Bharti Airtel Ltd, Vodafone Idea Ltd, Tata Communications Ltd, Railtel Corporation of India Ltd, Nazara Technologies Ltd, Mahanagar Telephone Nigam Ltd, and Hathway Cable & Datacom Ltd.

Important Note: This is a thinly traded stock with low liquidity. Investors should exercise caution regarding position sizing and exit strategies due to this characteristic.

The company operates in a highly competitive telecommunications infrastructure sector. Demand is driven by continuous network expansion, 5G rollout initiatives, and the ongoing need for network maintenance and optimization services across India's rapidly growing telecommunications landscape.