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 ₹ 1,797 Cr.
- Current Price ₹ 1,775
- High / Low ₹ 1,859 / 607
- Stock P/E 79.3
- Book Value ₹ 118
- Dividend Yield 0.00 %
- ROCE 36.8 %
- ROE 27.4 %
- Face Value ₹ 10.0
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 15.0 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: -32.9%
- 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 | |
|---|---|---|---|---|---|---|
| 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 | 35.00 | 47.67 | 88.00 | 5.99 | 13.34 | 22.43 |
| 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: | 151% |
| 1 Year: | 84% |
| 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% |
Documents
Announcements
-
Revised Outcome Of Board Meeting Held On Friday, October 17, 2025
17 Oct - Allotted 37,95,089 bonus shares (3:5); paid-up capital increased to Rs.10,12,02,420 on Oct 17, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, October 17, 2025
17 Oct - Allotted 3,795,092 bonus shares (3:5) on Oct 17, 2025; paid-up capital Rs10,12,02,450.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Oct - Concord increases stake to 46.5% in Progota India to commercialise Kavach 4.0 (14 Oct 2025).
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Oct - Concord increased stake to 46.5% in Progota to commercialize Kavach 4.0, announced Oct 13, 2025.
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Announcement under Regulation 30 (LODR)-Acquisition
11 Oct - Concord to increase stake from 26% to 46.5% in Progota; board approved Oct 11, 2025.
Annual reports
Concalls
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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 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]