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 ₹ 2,676 Cr.
- Current Price ₹ 2,577
- High / Low ₹ 2,840 / 673
- Stock P/E 193
- 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 21.5 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: | 149% |
| 1 Year: | 264% |
| 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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Documents
Announcements
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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.
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Announcement under Regulation 30 (LODR)-Resignation of Director
31 Mar - Harsh Yadav resigned as Independent Director effective March 30, 2026; company initiating replacement process.
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Board Meeting Outcome for Outcome Of Board Meeting
31 Mar - Appointed three independent directors; resignation; internal auditor; approved Rs.4.65 Crore investment to 46.5% stake.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - ₹84.68 crore order for loco wireless control systems; 18-month execution via subsidiary; announced March 26, 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Mar - Advanced Rail Controls receives Rs.84.68 Crore Indian Railways order for loco wireless control systems, execution within 18 months.
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]