Accent Microcell Ltd (ACCENTMIC) — share price & stock analysis

Market cap

₹1,191 Cr

P/E

27.2×

ROE

18.6%

vs own history (since 2024)

64th pctile

Book value / share

₹115

EPS (TTM)

₹18.3

10-yr median P/E

20.0×

Revenue (FY26)

₹349 Cr

Profit after tax (FY26)

₹44 Cr

Weinstein stage

Stage 2 (51 weeks)

Data as of

1 July 2026

4 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROCE 25% — a high-quality engine; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

Most of this rally is re-rating, not earnings

Since May 2024, the stock is up 60% while earnings per share grew 21%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 27.2× is the middle of its own range against its own history since 2024 (64th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (20×).

Stage 2: the trend is up, and has been for 51 weeks

Price trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 51 weeks so far, confirmed.stage

The price sits above its rising 200-day average (₹370 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 44 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 6 of the last 7 years — compounding so far, on a short record

Over 7 years, sales went from ₹114 Cr to ₹349 Cr (about 17% a year), and profit from ₹4.0 Cr to ₹44.0 Cr.revenuenet_profit

Margins widened 11 points along the way — growth with improving economics.operating_profit

Sales exploded 51% last quarter

Mar 26 sales were ₹210 Cr, up 51% on the same quarter last year.revenue

Margins have been rebuilt — 7.8% in FY22 to 16.3% now

Of every ₹100 of sales, the company keeps ₹15.6 as operating profit (a year ago it kept ₹16.7).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 7.8% in FY22 and has been rebuilt to 16.3% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (40% → 37%), so this is about input costs and pricing power — the raw-material equation worsened.gpm_pctopm_pct

Profit exploded 53% — mostly from selling more

Mar 26 profit after tax was ₹26.0 Cr, up 53% year on year.net_profit

Most of the profit becomes cash — but not all

Over the last 5 profitable years, the business reported ₹125 Cr of profit and collected ₹78.0 Cr of operating cash — about 62% conversion.operating_cash_flownet_profit

The wrinkle is the latest year: FY26 collected ₹19.0 Cr against ₹44.0 Cr of reported profit — about 43%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit

The gap sits in receivables: customers now take 95 days to pay, up from 90. Profit booked, cash pending.debtor_days

The cash cycle is stable

One rupee now takes about 117 days to go out the door as materials and come back as collected cash — down from 124 days the year before.cash_conversion_cycle

The biggest mover: inventory moving faster off the shelf (76 → 55 days).inventory_days

Building hard — new capacity is under construction

The productive asset base has gone from ₹30.0 Cr (FY19) to ₹53.0 Cr, with another ₹102 Cr of capacity under construction right now.fixed_assetscwip

Work-in-progress is 192% of the existing asset base — that is a serious bet on future demand. Capacity like this shows up in sales with a lag; it is tomorrow’s growth being paid for today.cwip

The build is bigger than the cash engine: investing outflows (₹140 Cr) exceeded operating cash (₹55.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹0 — total borrowings have shrunk from ₹32.0 Cr to ₹1.0 Cr over the window.borrowings

Every ₹100 kept in the business now earns ₹25 — and the number is rising

Return on capital employed is 25.0% (a year ago: 24.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Big money is quietly accumulating

Promoters hold 55.5%, essentially unchanged. Foreign funds own 0.6%, domestic funds 3.6%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

A good business — the question is the price

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: debt improving (0.01× → 0×).borrowings

Biggest worry: free cash flow falling (₹16.0 Cr → ₹−30.0 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data