Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2617 Cr.
Stock P/E
60.7
P/B
12.5
Current Price
₹2520
Book Value
₹ 201.6
Face Value
10
52W High
₹3069.9
52W Low
₹ 1645
Dividend Yield
0%

Concord Control Sys. Overview

Business

Concord Control Systems Ltd. (CNCRD) operates in the Engineering - Industrial Equipments sector in India. The company is primarily involved in the design, manufacturing, and potentially installation and servicing of various industrial equipment and control systems. This could encompass a range of products from specific machinery components, automation solutions, material handling systems, to specialized process equipment used across diverse manufacturing and infrastructure industries. The company makes money through the direct sale of its manufactured products, project-based contracts for integrated systems, and potentially recurring revenue from after-sales service, maintenance, and spare parts.

Revenue Mix

Without specific public data on Concord Control Systems Ltd.'s segmentation, typical revenue streams in this industry often include:

Product Sales: Manufacturing and selling standardized or customized industrial equipment and components.

Project & Solutions: Undertaking larger projects that involve designing, integrating, and commissioning complete industrial control systems or equipment lines for clients.

After-Sales Service & Spares: Providing maintenance, repair, and spare parts for previously sold equipment, which can be a stable revenue source.

The exact contribution of each segment would depend on the company's strategic focus and product portfolio, but often product sales and project work form the bulk of the revenue.

Industry

The Engineering - Industrial Equipments industry in India is dynamic, characterized by a mix of domestic and international players. It is often fragmented for certain product categories but can have dominant players in specialized niches. The industry is closely tied to the overall economic growth, industrial expansion, and infrastructure development in the country. Concord Control Systems Ltd. likely competes on factors such as product quality, technological capability, customization options, pricing, after-sales service, and delivery timelines. Its positioning would depend on whether it targets specific niche industries (e.g., automotive, power, chemicals) or offers a broader range of general industrial equipment.

MOAT

For a company like Concord Control Systems Ltd. in the industrial equipment space, potential competitive advantages (moats) could include:

Specialized Expertise/Technology: Proprietary designs, patents, or deep technical knowledge in specific control systems or equipment manufacturing processes.

Customer Relationships & Brand Reputation: Long-standing relationships with key industrial clients and a reputation for reliability, quality, and timely project execution.

After-Sales Service Network: A robust and responsive service network that reduces downtime for clients, creating customer stickiness.

Cost Efficiency: Ability to manufacture at a competitive cost due to efficient operations, economies of scale (if applicable), or localized sourcing.

Switching Costs: If its control systems are deeply integrated into a client's operations, the cost and disruption of switching to a competitor could be high.

Growth Drivers

Key factors that can drive growth for Concord Control Systems Ltd. over the next 3-5 years include:

'Make in India' and Industrial Expansion: Government initiatives promoting domestic manufacturing and increasing industrial output lead to higher demand for industrial equipment.

Infrastructure Development: Large-scale infrastructure projects (roads, railways, ports, power) require various types of heavy and specialized industrial equipment.

Automation & Digitalization: The ongoing trend towards industrial automation, Industry 4.0, and smart manufacturing drives demand for advanced control systems and equipment.

Export Opportunities: Leveraging competitive manufacturing costs and quality to export equipment to other developing markets.

Sector-Specific Demand: Growth in key client industries (e.g., automotive, FMCG, pharmaceuticals, metals, mining) directly impacts demand for their specialized equipment.

Risks

Cyclicality of Industrial Demand: The company's performance is highly sensitive to the economic cycle and industrial capital expenditure, which can be volatile.

Raw Material Price Volatility: Fluctuations in prices of key raw materials (e.g., steel, copper, electronic components) can impact profitability if not effectively hedged or passed on to customers.

Intense Competition: The industry faces competition from both domestic and established international players, leading to pricing pressures.

Technological Obsolescence: Rapid advancements in industrial technology and automation require continuous R&D investment to remain competitive.

Project Execution Risks: Delays in project completion, cost overruns, or disputes in large-scale contracts can impact financial performance.

Customer Concentration: Reliance on a few large customers or specific industries can pose a risk if those relationships sour or industries face downturns.

Management & Ownership

As a company in India, Concord Control Systems Ltd. is likely promoter-driven, where the founding family or a core group holds a significant ownership stake and plays a crucial role in strategic decision-making and day-to-day operations. The quality of management would typically be assessed by their industry experience, track record of project execution, financial prudence, and ability to adapt to technological changes and market dynamics. Ownership structure would involve the promoter group, institutional investors, and retail shareholders.

Outlook

Concord Control Systems Ltd. operates in a sector poised for growth given India's long-term industrialization and infrastructure development ambitions. The 'Make in India' thrust and increasing adoption of automation present tailwinds for demand in industrial equipment. However, the company faces inherent risks associated with cyclical industrial demand, intense competition, and the need for continuous technological upgrades. Its ability to carve out niches, maintain strong customer relationships, and efficiently manage its operations and supply chain will be critical for sustained growth and profitability in a competitive and dynamic market.

Concord Control Sys. Share Price

Live · BSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Concord Control Sys. Quarterly Results

#(Fig in Cr.) Sep 2022
Net Sales 26
Other Income 0
Total Income 26
Total Expenditure 23
Operating Profit 3
Interest 0
Depreciation 0
Exceptional Income / Expenses 0
Profit Before Tax 3
Provision for Tax 1
Profit After Tax 2
Adjustments 0
Profit After Adjustments 2
Adjusted Earnings Per Share 4.8

Concord Control Sys. Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 16 18 32 49 66 124 210 26
Other Income 0 0 0 0 1 3 3 0
Total Income 16 18 32 50 67 128 214 26
Total Expenditure 14 15 28 42 48 95 148 23
Operating Profit 2 2 4 8 18 33 65 3
Interest 0 0 0 0 0 3 2 0
Depreciation 0 0 0 1 1 2 4 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 3 7 17 28 58 3
Provision for Tax 0 0 1 2 5 6 15 1
Profit After Tax 1 1 3 5 13 23 43 2
Adjustments 0 0 -0 0 0 0 -0 0
Profit After Adjustments 1 1 3 5 13 23 43 2
Adjusted Earnings Per Share 1.6 2.1 3.9 6 13.4 22.5 41.1 4.8

Concord Control Sys. Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 4 5 7 21 46 119 209
Minority's Interest 0 0 0 0 0 0 2
Borrowings 0 0 0 0 0 0 15
Other Non-Current Liabilities 0 0 0 0 0 1 2
Total Current Liabilities 4 7 7 8 13 15 87
Total Liabilities 8 13 15 30 60 135 316
Fixed Assets 1 1 2 2 3 23 43
Other Non-Current Assets 0 0 1 3 9 17 37
Total Current Assets 7 11 11 25 48 96 235
Total Assets 8 13 15 30 60 135 316

Concord Control Sys. Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 0 2 -2 7 -7 -55
Cash Flow from Investing Activities -1 -0 -1 -1 -5 -14 -45
Cash Flow from Financing Activities 0 0 -0 8 -2 21 104
Net Cash Inflow / Outflow 0 0 0 4 0 0 4
Closing Cash & Cash Equivalent 0 0 0 4 0 0 4

Concord Control Sys. Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.56 2.13 3.93 5.96 13.38 22.47 41.08
CEPS(Rs) 1.75 2.45 4.48 6.52 13.94 24.12 45.06
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.21 7.36 11.11 23.23 48.26 118.23 201.56
Core EBITDA Margin(%) 10.41 12.51 12.31 15.57 26.22 23.83 29.48
EBIT Margin(%) 9.83 11.71 11.27 15.08 26.72 24.88 28.78
Pre Tax Margin(%) 9.21 10.68 10.91 14.95 26.49 22.85 27.78
PAT Margin (%) 6.59 8.17 8.34 11.04 19.55 18.2 20.48
Cash Profit Margin (%) 7.41 9.41 9.51 12.08 20.36 19.54 22.23
ROA(%) 12.48 13.71 19.44 24.63 28.62 23.22 19.13
ROE(%) 29.86 33.89 42.56 37.97 38 27.4 26.25
ROCE(%) 27.33 29.55 37.97 42.92 48 36.78 31.65
Receivable days 89.31 118.75 60.39 44.25 66.67 77.06 137.7
Inventory Days 42.74 41.5 42.19 28.64 16.22 59.91 109.4
Payable days 73.69 87.71 52.36 30.17 35.47 43.85 93.19
PER(x) 0 0 0 21.49 28.91 31.12 46.28
Price/Book(x) 0 0 0 5.52 8.02 5.92 9.43
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0.15 0.19 0.1 2.34 5.33 5.55 9.56
EV/Core EBITDA(x) 1.39 1.47 0.83 14.53 19.12 20.83 30.8
Net Sales Growth(%) 0 10.43 80.78 55.7 32.76 89.97 69.11
EBIT Growth(%) 0 31.52 73.93 108.34 135.27 76.93 95.61
PAT Growth(%) 0 36.95 84.48 106.26 135.05 76.87 90.27
EPS Growth(%) 0 36.94 84.46 51.68 124.44 67.93 82.77
Debt/Equity(x) 0.63 0.65 0.42 0.13 0.06 0 0.26
Current Ratio(x) 1.49 1.53 1.71 3.13 3.58 6.45 2.7
Quick Ratio(x) 1.08 1.23 0.92 2.8 3.34 3.92 1.68
Interest Cover(x) 15.82 11.36 31.86 115.17 120.3 12.24 28.61
Total Debt/Mcap(x) 0 0 0 0.02 0.01 0 0.03

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +69% +62% +63% —
Operating Profit CAGR +97% +101% +101% —
PAT CAGR +87% +105% +112% —
Share Price CAGR +47% +85% — —
ROE Average +26% +31% +34% +34%
ROCE Average +32% +39% +39% +36%

Concord Control Sys. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 63.91 %
FII 0 %
DII (MF + Insurance) 2.47 %
Public (retail) 33.62 %
# Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 73.5373.5370.2170.6367.0667.0665.5763.91
FII 0000.02000.050
DII 2.242.211.630.440.430.230.632.47
Public 24.2324.2628.1628.9232.5132.7133.7533.62
Others 00000000
Total 100100100100100100100100

Concord Control Sys. Peer Comparison

Engineering - Industrial Equipments Edit Columns

Concord Control Sys. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Concord Control Sys. Pros & Cons

Pros

  • Company has delivered good profit growth of 112% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 43.85 to 93.19days.
  • Stock is trading at 12.5 times its book value.
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