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 ₹ 2,686 Cr.
- Current Price ₹ 2,587
- High / Low ₹ 3,070 / 1,001
- Stock P/E 63.4
- Book Value ₹ 201
- Dividend Yield 0.00 %
- ROCE 30.6 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 97.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Stock is trading at 12.9 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%
- Company has high debtors of 210 days.
- Working capital days have increased from 161 days to 228 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 16 | 18 | 32 | 49 | 65 | 124 | 210 | |
| 14 | 15 | 28 | 42 | 48 | 95 | 151 | |
| Operating Profit | 2 | 2 | 4 | 8 | 17 | 29 | 59 |
| OPM % | 11% | 13% | 12% | 16% | 26% | 23% | 28% |
| 0 | 0 | 0 | 0 | 1 | 3 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 3 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 4 |
| Profit before tax | 1 | 2 | 3 | 7 | 17 | 28 | 57 |
| Tax % | 28% | 24% | 24% | 26% | 26% | 20% | 28% |
| 1 | 1 | 3 | 5 | 13 | 23 | 41 | |
| EPS in Rs | 35.00 | 47.67 | 88.00 | 5.99 | 13.34 | 22.43 | 40.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 64% |
| 3 Years: | 62% |
| TTM: | 69% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 97% |
| 3 Years: | 98% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 146% |
| 1 Year: | 133% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 28% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 6 | 6 | 6 | 10 |
| Reserves | 3 | 5 | 7 | 16 | 40 | 113 | 199 |
| 2 | 3 | 3 | 3 | 3 | 0 | 54 | |
| 3 | 4 | 4 | 6 | 11 | 16 | 52 | |
| Total Liabilities | 8 | 13 | 15 | 30 | 60 | 136 | 315 |
| 1 | 1 | 2 | 2 | 3 | 23 | 44 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 2 | 4 | 7 | 24 |
| 7 | 11 | 12 | 26 | 53 | 105 | 245 | |
| Total Assets | 8 | 13 | 15 | 30 | 60 | 136 | 315 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 2 | -2 | 7 | -7 | -55 | |
| -1 | -0 | -1 | -1 | -5 | -14 | -45 | |
| 0 | 0 | -0 | 8 | -2 | 21 | 104 | |
| Net Cash Flow | 0 | 0 | 0 | 4 | 0 | 0 | 4 |
| Free Cash Flow | 0 | 0 | 1 | -2 | 6 | -10 | -63 |
| CFO/OP | 54% | 38% | 64% | 1% | 71% | -5% | -71% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 89 | 157 | 34 | 67 | 83 | 110 | 210 |
| Inventory Days | 67 | 71 | 95 | 32 | 34 | 216 | 313 |
| Days Payable | 74 | 108 | 46 | 29 | 48 | 61 | 148 |
| Cash Conversion Cycle | 83 | 120 | 82 | 70 | 70 | 265 | 374 |
| Working Capital Days | 50 | 75 | 48 | 80 | 61 | 194 | 228 |
| ROCE % | 30% | 38% | 43% | 48% | 37% | 31% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Closing Order Book Rs Cr |
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| Manufacturing Units (Group) units |
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| New Orders Received Rs Cr |
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| Orders Executed Rs Cr |
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| Coaching Products Revenue Share % ・Standalone data |
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| Total Permanent Employees employees ・Standalone data |
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| Traction Products Revenue Share % ・Standalone data |
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| In-house R&D Engineers engineers |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jul
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Press Release For Honoured With Excellence In Railway Technology Award At ET Now Business Conclave & Awards 2026
18 Jun - Concord Control Systems won Excellence in Railway Technology Award on June 18, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jun - Management will meet investors and analysts in Mumbai on June 10-11, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - Progota India won Rs. 279.90 crore Indian Railways KAVACH 4.0 order, executable in 12 months.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
30 May - Concord Control Systems wins Rs. 279.90 crore KAVACH 4.0 order from Indian Railways, execution within 12 months.
Annual reports
Concalls
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May 2026Transcript PPT REC
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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]