ACCORD
Accord Synergy financials
- Market cap
- ₹73 Cr
- Sector
- Telecommunication
What Accord Synergy Ltd does
Accord Synergy offers outsourced technical and manpower services across the full telecom network lifecycle, from technical and radio-frequency (RF) site surveys and network planning/optimization to installation, supervision and integration of radio and core equipment (BTS/RBS for 2G, 3G and LTE). It also provides network commissioning, managed services and ongoing operation, modification and maintenance of telecom networks. The company works mainly on a sub-contracting basis, deploying its own engineers and technical professionals at client sites for leading telecom operators and equipment manufacturers across India.
- Permanent employees
- 250 (as on 31 Mar 2025)
- Project footprint
- Multi-site telecom projects across India
- Network technologies serviced
- 2G, 3G, LTE (BTS/RBS radio & core equipment)
Quarterly results
Q4 FY26: revenue up 8.3%, net profit down 5.3% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7 | 14 | 16 | 16 | 13 +97% | 14 +6% | 19 +23% | 18 +8% |
| EBITDA | 0 | 0 | 0 | 0 | -1 −694% | -0 −241% | 1 +115% | 0 −39% |
| Net profit | -0 | 0 | 0 | 0 | -1 −1300% | -0 −178% | 1 +475% | 0 −5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +762.5% 1Y
1Y: ₹21.85 on 3 Sept 2025 → ₹188.45. High ₹210.65 (15 Jul 2026), low ₹19.85 (4 Nov 2025).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹17 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Borrowings | ₹3 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹5 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr | ₹4 Cr |
| Total liabilities | ₹28 Cr | ₹18 Cr | ₹17 Cr | ₹18 Cr | ₹20 Cr | ₹19 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹8 Cr | ₹3 Cr | ₹4 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹21 Cr | ₹8 Cr | ₹13 Cr | ₹13 Cr | ₹19 Cr | ₹18 Cr |
| Total assets | ₹28 Cr | ₹18 Cr | ₹17 Cr | ₹18 Cr | ₹20 Cr | ₹19 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Mar 2025, promoters trimmed −40.00 pp while the public added +40.00 pp. The shareholder count shrank 18% to 186.
- Promoters
- 32.0%
- Public
- 68.0%
Since Mar 2025
- Promoters −40.00 pp
- Public +40.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 72.0% to 32.0% — −40.0 pp.
Ownership split by quarter, oldest first. Mar '21: Promoters 72.0%, Public 28.0%.Sep '21: Promoters 72.0%, Public 28.0%.Mar '22: Promoters 72.0%, Public 28.0%.Sep '22: Promoters 72.0%, Public 28.0%.Mar '23: Promoters 72.0%, Public 28.0%.Sep '23: Promoters 72.0%, Public 28.0%.Mar '24: Promoters 72.0%, Public 28.0%.Sep '24: Promoters 72.0%, Public 28.0%.Mar '25: Promoters 72.0%, Public 28.0%.Sep '25: Promoters 72.0%, Public 28.0%.Mar '26: Promoters 72.0%, Public 28.0%.Jun '26: Promoters 32.0%, Public 68.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Farukbhai Gulambhai Patel newly disclosed 36.00% held
- Muinulhaque Iqbalhusen Kadva newly disclosed 4.00% held
- Rishabh Rameshkumar Shah newly disclosed 1.73% held
- Llp newly disclosed 0.58% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Accord Synergy Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Farukbhai Gulambhai Patel | 36.00% | newly disclosed |
| Betulla khan | 16.00% | −20.00 pp |
| Roli B khan | 15.99% | −20.00 pp |
| Muinulhaque Iqbalhusen Kadva | 4.00% | newly disclosed |
| Manoj Agarwal | 2.48% | unchanged |
| Milesh Subhashchandra Panchal | 1.79% | unchanged |
| Rishabh Rameshkumar Shah | 1.73% | newly disclosed |
| Llp | 0.58% | newly disclosed |
| Pravinchandra Ranchhodbhai Patel | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Accord Synergy Ltd
Guides on how to read this kind of business and the numbers that matter.