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 ₹ 2,788 Cr.
- Current Price ₹ 2,685
- High / Low ₹ 2,840 / 607
- Stock P/E 91.7
- 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 18.9 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: | 162% |
| 1 Year: | 177% |
| 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
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Feb - Concord wins ₹185.09 crore KAVACH 4.0 supply/installation order, execution over 12 months via associate.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Feb - Rs.185.09 Crore KAVACH 4.0 order from Indian Railways via Progota, 12-month execution.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Jan - Virtual one-on-one meeting with HSBC Securities on 31 Jan 2026 at 11:00 AM.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 29 Jan
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Jan
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]