ACCORD - Accord Synergy
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates in the civil construction segment using the percentage of completion method for revenue recognition.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Not disclosed in available documents.
EBITDA Margin
Not disclosed in available documents.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
The company has not been sanctioned any working capital limits from banks or financial institutions during the year, indicating a 0% reliance on external bank-based working capital debt.
Operational Drivers
Raw Materials
Not specifically named, though the business involves long-term civil construction contracts which typically require cement, steel, and aggregates. Total contract costs are used to estimate the stage of completion.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, actual costs incurred are compared with total estimated contract costs to determine the percentage of completion for revenue recognition.
Manufacturing Efficiency
Not applicable as the company provides construction services; efficiency is measured by project execution progressing ahead of billing milestones.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed
Growth Strategy
The company focuses on the execution of long-term civil construction contracts. Growth is achieved by recognizing revenue through the percentage of completion method (AS 7), where project execution often progresses ahead of billing milestones, resulting in the recognition of unbilled revenue.
Products & Services
Long-term civil construction services and infrastructure project execution.
Brand Portfolio
Accord Synergy Limited.
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
None. The company does not own any subsidiaries, associates, or joint ventures as of March 31, 2025.
External Factors
Industry Trends
The civil construction industry is increasingly reliant on unbilled revenue recognition where execution outpaces billing. The company is positioned to capture this by maintaining an adequate internal audit system commensurate with its size.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
The company's moat is tied to its ability to manage long-term construction contracts and maintain effective internal financial controls over financial reporting, which were confirmed as operating effectively as of March 31, 2025.
Macro Economic Sensitivity
Not disclosed in available documents.
Consumer Behavior
Not applicable for B2B/Government civil construction contracts.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
Compliance with AS 7 (Construction Contracts) and Section 133 of the Companies Act, 2013. The company also maintains an audit trail (edit log) facility in its accounting software as required by law.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
Not disclosed in available documents.
Legal Contingencies
The company has pending litigations disclosed in Note 23 of the standalone financial statements. The specific case values in INR are not provided in the available summary.
Risk Analysis
Key Uncertainties
Significant management judgment is required in estimating the stage of completion and foreseeable losses on contracts; errors here could lead to material misstatements in financial statements.
Geographic Concentration Risk
Not disclosed in available documents.
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Low risk; the company has implemented accounting software with audit trail features that operated throughout the year to ensure data integrity.
Credit & Counterparty Risk
Risk exists in the realization of unbilled revenue, which represents work performed but not yet billed to clients.