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 ₹ 2,783 Cr.
- Current Price ₹ 2,680
- High / Low ₹ 2,840 / 743
- Stock P/E 201
- Book Value ₹ 120
- 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 22.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.23%
- Earnings include an other income of Rs.5.68 Cr.
- Debtor days have increased from 84.2 to 103 days.
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 14 | 16 | 17 | 32 | 49 | 65 | 74 | 64 | |
| 13 | 14 | 15 | 28 | 42 | 48 | 57 | 52 | |
| Operating Profit | 1 | 1 | 2 | 4 | 8 | 17 | 17 | 13 |
| OPM % | 6% | 8% | 11% | 12% | 16% | 26% | 23% | 19% |
| 0 | 0 | 0 | 0 | 0 | 1 | 4 | 6 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 2 | 3 | 7 | 18 | 20 | 17 |
| Tax % | 27% | 28% | 24% | 24% | 26% | 26% | 24% | |
| 1 | 1 | 1 | 3 | 5 | 13 | 15 | 14 | |
| EPS in Rs | 23.67 | 33.67 | 45.33 | 88.00 | 5.99 | 13.58 | 14.92 | 13.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 33% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 79% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 148% |
| 1 Year: | 268% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 0.20 | 6 | 6 | 6 | 6 |
| Reserves | 2 | 3 | 5 | 7 | 16 | 40 | 105 | 115 |
| 2 | 2 | 3 | 3 | 3 | 3 | 0 | 1 | |
| 2 | 3 | 4 | 4 | 6 | 11 | 10 | 6 | |
| Total Liabilities | 6 | 8 | 12 | 15 | 30 | 60 | 122 | 129 |
| 1 | 1 | 1 | 2 | 2 | 3 | 3 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 2 | 5 | 23 | 23 |
| 5 | 7 | 11 | 12 | 26 | 53 | 95 | 101 | |
| Total Assets | 6 | 8 | 12 | 15 | 30 | 60 | 122 | 129 |
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 | ||
| Free Cash Flow | -0 | 1 | 2 | 6 | 5 | ||
| CFO/OP | 2% | 64% | 65% | 70% | 67% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtors Turnover Ratio Ratio |
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| Interest Coverage Ratio Ratio |
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| Lucknow Manufacturing Space Square Meters |
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| Total Manufacturing Facilities Units |
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| Consolidated Order Book INR Crores |
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| Total Orders Received INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Schedule Of Post Results Conference Call For H2-FY 2025-26
1d - Post-results conference call for H2/FY26 scheduled on May 14, 2026 at 12:00 PM IST.
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Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On Wednesday, May 13, 2026.
2d - Board meeting on May 13, 2026 to approve audited half-year and FY2026 financial results.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
24 Apr - Concord Control Systems confirms it is not a Large Corporate; outstanding borrowing was INR 15.90 crore on March 31, 2026.
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Merger Order Of Advanced Rail Controls Private Limited With And Into Concord Control Systems Limited
18 Apr - NCLT approved merger of Advanced Rail Controls into Concord Control Systems; effective from 1 April 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation or dematerialisation requests.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
Business Overview:[1]
CCSL, an ISO-certified organization by TUV-SUD South Asia Pvt. Ltd., is an OEM for Indian Railways, RDSO, Chitranjan Loco Works (CLW), and Integral Coach Factory (ICF) for 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][3]