March numbers (last two fiscal): Year 201603 201503 Type Full Year Full Year Sales Turnover 63.04 8.71 Other Income 0.00 0.00 Total Income 63.04 8.71 Total Expenditure 57.56 8.17 Operating Profit 5.48 0.54 Interest 1.35 0.06 Gross Profit 4.13 0.48 Depreciation 0.24 0.01 Tax 1.23 0.13 Reported PAT 2.60 0.32 Dividend (%) 0.00 0.00
D/E ratio seems to be too high (3.83). Eventhough it is brought down from 18.09 (as of March''15), still it is huge. So investors has to keep an eye on the debt and loans. One big positive is Return on Networth / Equity (%) is very high 88.77% (as of March''16) and 96.95% (as of March''15). For now, I''m neutral on this issue. Will give further updates once I get all the latest figures for Accord.
Betulla Asdulla Khan the promoter of the company has been involved in false trading/Circulate Trading in Alka securities LTD in 2009,For that they have also got SEBI warning.
here is the link http://www.watchoutinvestors.com/press_release/sebi/2009228_brk3101.pdf 205. Betullakhan Asdullakhan Pathan ABKPB6908R 68 . SEHRUNNISA ABDUL Q KHAN AHBPK6146P 88 . ABDUL QUDDUS KHAN AFJPK2769J
Moreever company''s promoter has got share at At Par 10 rs and in Jan 2017 the bonus issue of 249 share on every One share held So by this way One Share has become 250 share now, The costing Per Share is only 4 Paise for the Promoter now and They have brought the IPO price @ 60 Rs,