Concord Control Systems Ltd

Concord Control Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Concord Control Systems Ltd

₹ 2,663 3.32%
01 Oct - close price
concordgroup.in BSE - SME: 543619
About

Incorporated in 2011, Concord Control Systems Ltd is in the business of Electrical Machinery for Indian Railways and allied products[1]

Key Points

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]

Website BSE
  • Market Cap ₹ 1,678 Cr.
  • Current Price ₹ 2,663
  • High / Low ₹ 2,855 / 971
  • Stock P/E 74.1
  • Book Value ₹ 189
  • Dividend Yield 0.00 %
  • ROCE 36.8 %
  • ROE 27.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • 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 14.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.57%
  • Debtor days have increased from 86.8 to 110 days.
  • 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
14 18 26 23 30 35 50 75
13 15 23 18 23 26 36 60
Operating Profit 2 2 3 5 8 9 14 15
OPM % 11% 13% 11% 21% 26% 26% 28% 20%
0 0 0 0 0 1 1 2
Interest 0 0 0 0 0 0 2 0
Depreciation 0 0 0 0 0 0 1 1
Profit before tax 1 2 3 5 8 9 12 16
Tax % 23% 25% 25% 30% 25% 27% 29% 14%
1 2 2 3 6 7 8 14
EPS in Rs 52.00 80.50 4.76 5.74 10.50 11.37 13.84 22.82
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16 18 32 49 65 124
14 15 28 42 48 95
Operating Profit 2 2 4 8 17 29
OPM % 11% 13% 12% 16% 26% 23%
0 0 0 0 1 3
Interest 0 0 0 0 0 3
Depreciation 0 0 0 1 1 2
Profit before tax 1 2 3 7 17 28
Tax % 28% 24% 24% 26% 26% 20%
1 1 3 5 13 23
EPS in Rs 52.50 71.50 132.00 9.54 21.41 35.95
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 51%
3 Years: 58%
TTM: 90%
Compounded Profit Growth
10 Years: %
5 Years: 85%
3 Years: 105%
TTM: 77%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 46%
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
Equity Capital 0.20 0.20 0.20 6 6 6
Reserves 3 5 7 16 40 113
2 3 3 3 3 0
3 4 4 6 11 16
Total Liabilities 8 13 15 30 60 136
1 1 2 2 3 23
CWIP 0 0 0 0 0 1
Investments 0 0 0 2 4 7
7 11 12 26 53 105
Total Assets 8 13 15 30 60 136

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%

Shareholding Pattern

Numbers in percentages

Oct 2022Mar 2023Sep 2023Oct 2023Mar 2024Sep 2024Mar 2025
73.53% 73.53% 73.53% 70.21% 70.21% 70.63% 67.06%
6.44% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00%
4.17% 2.24% 2.21% 1.96% 1.63% 0.44% 0.43%
15.86% 24.23% 24.26% 27.84% 28.16% 28.92% 32.51%
No. of Shareholders 3822955836949081,3281,621

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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