Accord Transformer & Switchgear Limited is engaged in manufacturing and supplying transformers, switchgear panels, compact substations and related power distribution equipment. The company earns revenue from manufacturing, engineering, and supplying electrical equipment for power transmission and distribution projects. Revenue from operations stood at ₹7,90,225.33 thousand in FY25 . Its products are used in industrial plants, infrastructure projects, utilities, and commercial establishments.

The Company is led by Promoter, i.e.,MR. PRADEEP KUMAR VERMA AND MRS. SHALINI SINGH

The Revenues from operations for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 452,946.30 Lakh, ₹ 792,004.02 Thousand, ₹ 485,978.64 Thousand, and ₹ 408,115.92 Thousand, The EBITDA for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 46,168.22 Thousand, ₹ 91,013.90 Thousand, ₹ 26,727.95 Thousand, and ₹ 15,376.94 Thousand, The Profit after Tax for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 29,133.72 Thousand, ₹ 60,536.03 Thousand, ₹ 16,066.76 Thousand, and ₹ 8,781.06 Thousand, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue  EP S of ₹ 4.35 and post-issue EPS of ₹ 2.94 for FY25. The pre-issue P/E ratio is 10.57x,while the post-issue P/E ratio is 15.63x against the Industry P/E ratio is 25.76x The company's ROE for FY25 is 43.90% and RoNW is 28.10%The Annualised EPS is ₹ 1.89x and P/E is ₹ 24.36x,  These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Accord Transformer & Switchgear showing listing gains of 15.2%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Apply to the Accord Transformer & Switchgear Limited, IPO for Listing gain or Long Term Purposes.