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 ₹ 2,214 Cr.
- Current Price ₹ 2,188
- High / Low ₹ 2,223 / 607
- Stock P/E 72.8
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 36.8 %
- ROE 27.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 84.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
Cons
- Stock is trading at 15.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 86.8 to 110 days.
- Promoter holding has decreased over last 3 years: -6.73%
- Working capital days have increased from 112 days to 194 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 16 | 18 | 32 | 49 | 65 | 124 | 156 | |
| 14 | 15 | 28 | 42 | 48 | 95 | 121 | |
| Operating Profit | 2 | 2 | 4 | 8 | 17 | 29 | 36 |
| OPM % | 11% | 13% | 12% | 16% | 26% | 23% | 23% |
| 0 | 0 | 0 | 0 | 1 | 3 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 3 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 2 | 3 | 7 | 17 | 28 | 37 |
| Tax % | 28% | 24% | 24% | 26% | 26% | 20% | |
| 1 | 1 | 3 | 5 | 13 | 23 | 30 | |
| EPS in Rs | 35.00 | 47.67 | 88.00 | 5.99 | 13.34 | 22.43 | 30.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 58% |
| TTM: | 84% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 85% |
| 3 Years: | 105% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 165% |
| 1 Year: | 101% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 31% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 6 | 6 | 6 | 6 |
| Reserves | 3 | 5 | 7 | 16 | 40 | 113 | 132 |
| 2 | 3 | 3 | 3 | 3 | 0 | 18 | |
| 3 | 4 | 4 | 6 | 11 | 16 | 26 | |
| Total Liabilities | 8 | 13 | 15 | 30 | 60 | 136 | 184 |
| 1 | 1 | 2 | 2 | 3 | 23 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 2 | 4 | 7 | 6 |
| 7 | 11 | 12 | 26 | 53 | 105 | 153 | |
| Total Assets | 8 | 13 | 15 | 30 | 60 | 136 | 184 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 0 | 2 | -2 | 7 | -7 | |
| -1 | -0 | -1 | -1 | -5 | -14 | |
| 0 | 0 | -0 | 8 | -2 | 21 | |
| Net Cash Flow | 0 | 0 | 0 | 4 | 0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 89 | 157 | 34 | 67 | 83 | 110 |
| Inventory Days | 67 | 71 | 95 | 32 | 34 | 216 |
| Days Payable | 74 | 108 | 46 | 29 | 48 | 61 |
| Cash Conversion Cycle | 83 | 120 | 82 | 70 | 70 | 265 |
| Working Capital Days | 50 | 75 | 48 | 80 | 61 | 194 |
| ROCE % | 30% | 38% | 43% | 48% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - H1 FY26: revenue INR81.55cr, net profit INR16.02cr; Kavach 4.0 cleared, INR19.5cr field-trial; zero-emission propulsion; Fusion EMS acquisition.
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Publishing Of Financial Summary
7 Nov - Published financial summary for half year ended 30 September 2025, submitted to BSE on 07-Nov-2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Nov - Posted audio/video recording of H1 FY2025-26 post-results conference call (Nov 6, 2025); YouTube and website links.
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Nov
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Announcement under Regulation 30 (LODR)-Investor Presentation
6 Nov - Investor Presentation under regulation 30 of the SEBI (LODR) Regulations, 2015.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptNotesPPT
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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-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]