Concord Control Systems Ltd
Incorporated in 2011, Concord Control Systems Ltd is in the business of Electrical Machinery for Indian Railways and allied products[1]
- Market Cap ₹ 1,724 Cr.
- Current Price ₹ 1,703
- High / Low ₹ 1,859 / 607
- Stock P/E 114
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 24.9 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 71.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
Cons
- Stock is trading at 15.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 84.2 to 103 days.
- Promoter holding has decreased over last 3 years: -32.9%
- Working capital days have increased from 65.8 days to 92.9 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 14 | 16 | 17 | 32 | 49 | 65 | 74 | |
| 13 | 14 | 15 | 28 | 42 | 48 | 57 | |
| Operating Profit | 1 | 1 | 2 | 4 | 8 | 17 | 17 |
| OPM % | 6% | 8% | 11% | 12% | 16% | 26% | 23% |
| 0 | 0 | 0 | 0 | 0 | 1 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 2 | 3 | 7 | 18 | 20 |
| Tax % | 27% | 28% | 24% | 24% | 26% | 26% | 24% |
| 1 | 1 | 1 | 3 | 5 | 13 | 15 | |
| EPS in Rs | 23.67 | 33.67 | 45.33 | 88.00 | 5.99 | 13.58 | 14.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 33% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 79% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 147% |
| 1 Year: | 65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 26% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 0.20 | 6 | 6 | 6 |
| Reserves | 2 | 3 | 5 | 7 | 16 | 40 | 105 |
| 2 | 2 | 3 | 3 | 3 | 3 | 0 | |
| 2 | 3 | 4 | 4 | 6 | 11 | 10 | |
| Total Liabilities | 6 | 8 | 12 | 15 | 30 | 60 | 122 |
| 1 | 1 | 1 | 2 | 2 | 3 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 2 | 5 | 23 |
| 5 | 7 | 11 | 12 | 26 | 53 | 95 | |
| Total Assets | 6 | 8 | 12 | 15 | 30 | 60 | 122 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -0 | 2 | 3 | 7 | 6 | |||
| -0 | -1 | -1 | -5 | -70 | |||
| -0 | -0 | 8 | -2 | 63 | |||
| Net Cash Flow | -1 | 0 | 9 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 91 | 159 | 34 | 67 | 83 | 103 |
| Inventory Days | 65 | 67 | 71 | 95 | 32 | 34 | 57 |
| Days Payable | 64 | 74 | 108 | 46 | 28 | 48 | 36 |
| Cash Conversion Cycle | 81 | 85 | 123 | 83 | 70 | 70 | 124 |
| Working Capital Days | 83 | 93 | 130 | 48 | 43 | 61 | 93 |
| ROCE % | 31% | 28% | 38% | 43% | 48% | 25% |
Documents
Announcements
-
Revised Outcome Of Board Meeting Held On Friday, October 17, 2025
17 Oct - Allotted 37,95,089 bonus shares (3:5); paid-up capital increased to Rs.10,12,02,420 on Oct 17, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, October 17, 2025
17 Oct - Allotted 3,795,092 bonus shares (3:5) on Oct 17, 2025; paid-up capital Rs10,12,02,450.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Oct - Concord increases stake to 46.5% in Progota India to commercialise Kavach 4.0 (14 Oct 2025).
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Oct - Concord increased stake to 46.5% in Progota to commercialize Kavach 4.0, announced Oct 13, 2025.
-
Announcement under Regulation 30 (LODR)-Acquisition
11 Oct - Concord to increase stake from 26% to 46.5% in Progota; board approved Oct 11, 2025.
Annual reports
Concalls
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May 2025Transcript PPT
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May 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
Business Overview:[1]
CCSL, an ISO 9001:2015 certified organization by TUV-SUD South Asia Pvt. Ltd., is an OEM for Indian Railways and an RDSO-approved manufacturer of electronics, electricals, mechanical, and electromechanical products. The company is transitioning from a Product/Equipment Supplier to a Solution Provider for Indian Railways. It is currently developing a prototype for Control and Relay Panels, backed by an RDSO Capacity cum Capability Assessment certificate. [2]