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Accel

₹24.7 -0.1 | 0.4%

Market Cap ₹142 Cr.

Stock P/E 76.3

P/B 3.4

Current Price ₹24.7

Book Value ₹ 7.2

Face Value 2

52W High ₹35.5

Dividend Yield 1.21%

52W Low ₹ 13

Accel Research see more...

Overview Inc. Year: 1986Industry: IT - Hardware

Accel Limited is a diversified company with a strong presence in IT services, media, realty, and education. The visionary behind Accel Limited is Mr. N.R. Panicker, the Founder, Chairman, and Managing Director. Under his leadership, Accel has grown into a technological services company known for its commitment to delivering value through service. As for the shareholding pattern, the promoters hold a substantial share of 71.62% as of December 2023, indicating strong promoter confidence and commitment. Clientele comes from domestic and international businesses, and it has recently made strategic investments in cybersecurity and IT infrastructure, highlighting its focus on growth and innovation in these areas. Accel Limited has also been involved in mergers and acquisitions, such as the merger of its subsidiaries Accel OEM Appliances Limited and Accel Media Ventures Limited with itself, which reflects its strategy to consolidate its businesses and strengthen its market position.

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Accel Share Price

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Accel Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 28 30 32 32 34 41 49 37 39 42
Other Income 1 2 3 0 0 0 4 0 1 0
Total Income 28 31 35 32 35 41 53 37 40 42
Total Expenditure 25 26 30 28 30 35 45 32 36 37
Operating Profit 4 6 5 4 5 6 7 5 4 5
Interest 1 1 2 1 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 3 1 1 1 2 4 1 1 1
Provision for Tax 0 0 -1 -0 0 1 4 0 0 0
Profit After Tax 1 3 2 1 1 2 -1 1 0 1
Adjustments 0 0 -0 0 0 0 -0 0 0 0
Profit After Adjustments 1 3 2 1 1 2 -1 1 0 1
Adjusted Earnings Per Share 0.1 0.5 0.3 0.2 0.2 0.3 -0.1 0.2 0.1 0.2

Accel Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 25 6 8 7 15 71 112 157 167
Other Income 1 3 19 2 1 1 6 4 5
Total Income 26 9 27 8 16 72 117 161 172
Total Expenditure 23 10 12 10 19 68 99 139 150
Operating Profit 3 -1 15 -2 -3 4 18 22 21
Interest 2 1 1 0 1 4 7 7 8
Depreciation 5 2 2 2 1 6 7 7 8
Exceptional Income / Expenses 0 0 -8 9 0 5 0 0 0
Profit Before Tax -4 -4 4 5 -5 -2 5 8 7
Provision for Tax 0 0 0 0 0 -1 -1 5 4
Profit After Tax -4 -4 4 5 -6 -1 6 3 1
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments -4 -4 4 5 -6 -1 6 3 1
Adjusted Earnings Per Share -3.5 -0.7 0.7 0.9 -1 -0.1 1 0.5 0.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 119% 81% 0%
Operating Profit CAGR 22% 0% 8% 0%
PAT CAGR -50% 0% -6% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 88% 22% 24% 17%
ROE Average 5% 4% 2% -11%
ROCE Average 13% 8% 5% 3%

Accel Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 4 33 39 65 60 79 90 63
Minority's Interest 0 1 1 0 0 2 -1 -1
Borrowings 25 5 2 4 17 55 53 48
Other Non-Current Liabilities 0 3 2 0 0 16 10 11
Total Current Liabilities 10 15 14 4 14 51 51 64
Total Liabilities 39 57 57 73 91 203 203 184
Fixed Assets 17 17 13 44 46 88 65 39
Other Non-Current Assets 9 30 11 6 29 66 88 83
Total Current Assets 13 11 34 23 17 49 49 63
Total Assets 39 57 57 73 91 203 203 184

Accel Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2 2 1 23 12 4 7 2
Cash Flow from Operating Activities 9 -3 -17 4 -3 7 1 17
Cash Flow from Investing Activities -6 1 15 -12 -21 -58 -3 -8
Cash Flow from Financing Activities -3 1 24 -3 16 54 -4 -8
Net Cash Inflow / Outflow -1 -0 21 -11 -8 3 -5 1
Closing Cash & Cash Equivalent 1 1 23 12 4 7 2 3

Accel Ratios

# Mar 2011 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -3.53 -0.69 0.74 0.9 -0.97 -0.14 1.03 0.49
CEPS(Rs) 0.55 -0.38 1.09 1.12 -0.71 0.93 2.23 1.76
DPS(Rs) 0 0 0.4 0 0 0 0.3 0.3
Book NAV/Share(Rs) 2.05 5.84 6.85 7.25 6.35 9.8 11.57 6.79
Core EBITDA Margin(%) 7.39 -67.88 -56.61 -51.1 -27.04 4.45 11.53 11.49
EBIT Margin(%) -6.39 -53.48 66.45 75.96 -31.5 4.08 10.38 9.73
Pre Tax Margin(%) -15.47 -66.95 54.3 70.07 -36.86 -2.18 4.32 5.21
PAT Margin (%) -15.5 -66.95 54.24 70.05 -36.97 -1.14 5.27 1.81
Cash Profit Margin (%) 2.43 -36.38 80.35 94.61 -27 7.51 11.46 6.47
ROA(%) -9.96 -8.28 7.37 7.24 -6.7 -0.55 2.91 1.47
ROE(%) -91.62 -22.27 11.62 11.76 -14.22 -1.75 9.64 5.39
ROCE(%) -5.29 -9.29 11.32 10.49 -8.7 3.21 9.22 12.82
Receivable days 80.98 214.75 65.89 73.51 40.54 57.5 77.46 77.32
Inventory Days 6.17 18.1 5.84 6.06 1.84 7.34 12 12.66
Payable days 2506.49 7926.24 4614.83 4212.79 135.86 200.79 210.15 131.82
PER(x) 0 0 0 10.16 0 0 28.17 23.53
Price/Book(x) 9.26 0.86 0 1.26 0.84 1.6 2.5 1.71
Dividend Yield(%) 0 0 0 0 0 0 1.04 2.58
EV/Net Sales(x) 1.79 5.84 0.05 6.82 3.42 2.01 2.04 0.83
EV/Core EBITDA(x) 15.5 -25.23 0.03 -26.84 -15.87 34.65 12.31 5.81
Net Sales Growth(%) 35.36 -76.72 32.36 -12.79 120.8 374.95 57.68 40.28
EBIT Growth(%) -221.33 -96.94 262.9 -0.44 -191.56 161.56 300.96 31.51
PAT Growth(%) -175.9 -1.66 206.19 12.49 -216.53 85.4 831.95 -51.76
EPS Growth(%) -175.9 80.32 206.19 22.26 -207.22 85.4 827.76 -51.98
Debt/Equity(x) 11.11 0.21 0.3 0.14 0.68 1.13 1 1.7
Current Ratio(x) 1.36 0.7 2.39 5.46 1.17 0.95 0.96 0.97
Quick Ratio(x) 1.31 0.69 2.38 5.43 1.17 0.9 0.87 0.87
Interest Cover(x) -0.7 -3.97 5.47 12.89 -5.87 0.65 1.71 2.15
Total Debt/Mcap(x) 1.2 1.25 0 0.11 0.81 0.71 0.4 0.99

Accel Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 72.35 71.94 71.94 71.94 71.94 71.62 71.62 71.62 71.62 71.62
FII 0 0 0 0 0 0 0 0 0 0
DII 0.25 0.24 0.24 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Public 27.4 27.81 27.81 27.8 27.8 28.12 28.12 28.12 28.12 28.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 210.15 to 131.82days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
  • The company has delivered a poor profit growth of -5% over past five 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.

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