Concord Control Systems Ltd

Concord Control Systems Ltd

₹ 636 5.00%
18 Apr - close price
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 is an ISO: 9001:2015 certified organization by TUV- SUD South Asia Pvt. Ltd. It is an OEM for Indian Railway and is a Research, Designs, and Standards Organization (RDSO) approved source for manufacturing and supply of several electronics, electricals, mechanical and electro mechanical products

  • Market Cap 380 Cr.
  • Current Price 636
  • High / Low 1,000 / 249
  • Stock P/E 41.0
  • Book Value 47.7
  • Dividend Yield 0.00 %
  • ROCE 42.9 %
  • ROE 38.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.4%
  • Debtor days have improved from 85.8 to 66.7 days.

Cons

  • Stock is trading at 13.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.32%

* 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.

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
14.13 17.57 26.28 23.07 30.45
12.57 15.23 23.40 18.26 22.58
Operating Profit 1.56 2.34 2.88 4.81 7.87
OPM % 11.04% 13.32% 10.96% 20.85% 25.85%
0.01 0.03 0.09 0.17 0.43
Interest 0.07 0.04 0.04 0.02 0.06
Depreciation 0.16 0.21 0.24 0.27 0.20
Profit before tax 1.34 2.12 2.69 4.69 8.04
Tax % 23.13% 24.53% 25.28% 29.85% 25.37%
1.04 1.61 2.00 3.28 6.00
EPS in Rs 52.00 80.50 4.76 5.74 10.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
15.88 17.53 31.70 49.28 53.52
14.20 15.33 27.80 41.60 40.84
Operating Profit 1.68 2.20 3.90 7.68 12.68
OPM % 10.58% 12.55% 12.30% 15.58% 23.69%
0.02 0.08 0.04 0.27 0.60
Interest 0.11 0.19 0.11 0.06 0.08
Depreciation 0.13 0.22 0.37 0.51 0.47
Profit before tax 1.46 1.87 3.46 7.38 12.73
Tax % 28.08% 23.53% 23.70% 26.15%
1.05 1.43 2.64 5.45 9.28
EPS in Rs 52.50 71.50 132.00 9.54 16.24
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 73%
TTM: 157%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 120%
Return on Equity
10 Years: %
5 Years: %
3 Years: 38%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.20 0.20 0.20 5.71 5.71
Reserves 3.30 4.75 7.27 15.52 21.53
2.21 3.23 3.16 2.81 1.90
2.67 4.33 4.13 5.72 6.10
Total Liabilities 8.38 12.51 14.76 29.76 35.24
1.28 1.43 2.10 2.08 1.95
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.35 1.55 4.44
7.10 11.08 12.31 26.13 28.85
Total Assets 8.38 12.51 14.76 29.76 35.24

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.65 0.49 1.59 -1.99
-0.78 -0.47 -1.38 -1.49
0.16 0.02 -0.19 7.76
Net Cash Flow 0.04 0.03 0.02 4.28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 89.18 156.58 34.08 66.66
Inventory Days 67.42 71.13 94.57 32.03
Days Payable 73.58 107.53 46.19 28.51
Cash Conversion Cycle 83.02 120.18 82.46 70.18
Working Capital Days 93.55 132.42 79.33 97.32
ROCE % 29.64% 37.94% 42.92%

Shareholding Pattern

Numbers in percentages

Oct 2022Mar 2023Sep 2023Oct 2023
73.53% 73.53% 73.53% 70.21%
6.44% 0.00% 0.00% 0.00%
4.17% 2.24% 2.21% 1.96%
15.86% 24.23% 24.26% 27.84%
No. of Shareholders 382295583694

* 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.

Click on the line-items to see the names of individual entities.

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