Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹519 Cr.
Stock P/E
22.7
P/B
0.9
Current Price
₹250.6
Book Value
₹ 268.4
Face Value
5
52W High
₹498.6
52W Low
₹ 235.1
Dividend Yield
0%

Concord Enviro Sys. Overview

Business

Concord Enviro Systems Ltd. (CEWATER) is an Indian company primarily engaged in providing comprehensive environmental solutions, with a strong focus on water and wastewater management. Its core business involves the design, engineering, procurement, construction (EPC), and operation & maintenance (O&M) of various water and wastewater treatment plants. This includes solutions for industrial effluent treatment, municipal sewage treatment, and water recycling/reuse. The company generates revenue through project-based contracts for setting up new facilities and recurring income from O&M services for existing plants.

Revenue Mix

While specific breakdowns are not publicly available without detailed financial reports, the company's revenue typically stems from:

EPC Projects: Design, engineering, supply, installation, and commissioning of water and wastewater treatment infrastructure. This forms a significant portion, especially for large-scale municipal or industrial projects.

Operations & Maintenance (O&M): Long-term contracts for the upkeep, management, and operational efficiency of treatment plants. This provides a more stable, recurring revenue stream.

Specialized Products & Services: Potentially includes sales of proprietary equipment, chemicals, or specialized consulting related to environmental compliance and sustainability.

Industry

The environmental services industry in India, particularly water and wastewater management, is driven by increasing industrialization, urbanization, water scarcity, and stringent environmental regulations. Concord Enviro Systems operates within this growing market, positioning itself as an integrated solution provider. The industry is fragmented, with numerous local players and a few larger, more established companies. CEWATER competes by offering end-to-end solutions, leveraging its project execution capabilities and technical expertise to secure municipal and industrial contracts. Its positioning likely emphasizes reliability, technological solutions, and compliance adherence.

MOAT

Concord Enviro Systems' potential competitive advantages include:

Execution Track Record: A proven history of successfully completing complex EPC projects builds client trust and allows the company to bid for larger contracts.

Technical Expertise: Specialization in various treatment technologies and processes, enabling them to offer customized solutions for diverse client needs.

Client Relationships: Established relationships with industrial clients and government bodies (municipalities) can lead to repeat business and referrals.

Regulatory Compliance: Deep understanding and capability to navigate India's evolving environmental regulations, which is crucial for clients.

Integrated Offerings: Ability to provide both EPC and O&M services, offering a comprehensive solution that can be attractive to clients seeking single-point responsibility.

Growth Drivers

Government Initiatives: Schemes like the Swachh Bharat Abhiyan (Clean India Mission), Jal Jeevan Mission, and Namami Gange program, which emphasize water and wastewater infrastructure development.

Stricter Environmental Regulations: Increasing enforcement of pollution control norms by regulatory bodies (e.g., CPCB, SPCB) compels industries to invest in treatment facilities.

Industrial Expansion: Growth in manufacturing and other industrial sectors generates more wastewater, requiring treatment solutions.

Urbanization & Population Growth: Rising urban populations increase demand for municipal water supply and sewage treatment infrastructure.

Water Scarcity: Growing awareness and necessity for water recycling and reuse drives demand for advanced treatment technologies.

Risks

Project Execution Risk: Delays, cost overruns, or failure to meet performance specifications on large projects can impact profitability and reputation.

Client Payment Delays: Especially prevalent in government/municipal projects, leading to working capital strain.

Intense Competition: The presence of numerous domestic and international players can lead to pricing pressure and margin erosion.

Regulatory & Policy Changes: Sudden shifts in environmental policies or government spending priorities can affect demand for services.

Raw Material Price Volatility: Fluctuations in the cost of construction materials (steel, cement) and specialized equipment can impact project margins.

Technology Obsolescence: Rapid advancements in treatment technologies require continuous investment in R&D and skill upgrades.

Management & Ownership

Concord Enviro Systems Ltd. is likely promoter-led, common for many Indian companies. The quality of management would depend on their experience in the environmental sector, track record of project execution, financial prudence, and corporate governance standards. Ownership typically includes the promoter group, institutional investors, and public shareholders.

Outlook

Concord Enviro Systems operates in a fundamentally strong growth sector in India, driven by essential needs and regulatory tailwinds. The increasing focus on sustainability, water conservation, and pollution control provides a robust demand environment for its services. However, the business is capital-intensive, project-based, and subject to execution risks, competition, and potential payment delays from clients, particularly in the public sector. The company's ability to consistently secure and execute profitable contracts, manage working capital effectively, and adapt to technological advancements will be key determinants of its long-term success.

Concord Enviro Sys. Share Price

Live · BSE / NSE · Inception: 1999
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Concord Enviro Sys. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 200 103 162 123 207 102 125 125 206 85
Other Income 7 1 2 1 3 15 6 4 5 6
Total Income 207 104 163 124 210 117 131 129 211 92
Total Expenditure 160 99 135 121 148 103 117 120 188 100
Operating Profit 47 5 29 3 62 14 14 8 23 -9
Interest 4 5 5 6 6 5 5 6 6 5
Depreciation 3 2 3 3 3 4 4 4 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 -5 5 0
Profit Before Tax 40 -2 21 -6 53 6 5 -7 18 -19
Provision for Tax 3 0 2 1 3 1 -0 -0 3 -3
Profit After Tax 37 -3 19 -6 49 5 5 -7 15 -16
Adjustments -9 -2 -2 -2 -2 -1 -1 -2 -0 -1
Profit After Adjustments 28 -4 17 -9 47 4 4 -8 14 -18
Adjusted Earnings Per Share 15.4 -2.4 9.5 -4.1 22.8 2 2.2 -4 6.8 -8.5

Concord Enviro Sys. Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 298 383 348 329 343 497 594 558 541
Other Income 2 2 7 8 7 15 5 28 21
Total Income 300 386 355 338 350 512 599 586 563
Total Expenditure 226 309 287 275 299 378 500 520 525
Operating Profit 74 77 68 63 52 134 99 65 36
Interest 30 43 21 20 20 18 22 22 22
Depreciation 22 22 25 25 24 16 11 17 18
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 22 12 23 19 8 99 64 26 -3
Provision for Tax 7 5 3 2 2 3 6 3 0
Profit After Tax 15 8 19 16 5 96 58 23 -3
Adjustments 1 -0 1 0 0 -55 -7 -3 -4
Profit After Adjustments 16 8 20 16 5 41 51 20 -8
Adjusted Earnings Per Share 257.3 127.6 321.6 193.4 3 22.8 24.9 9.5 -3.5

Concord Enviro Sys. Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds -35 -20 -11 269 281 323 534 572
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 235 5 32 41 33 23 8 4
Other Non-Current Liabilities 21 33 46 35 30 14 15 30
Total Current Liabilities 198 509 463 200 258 280 293 351
Total Liabilities 419 528 529 545 602 639 861 969
Fixed Assets 79 100 136 149 139 104 107 136
Other Non-Current Assets 49 56 47 57 77 87 124 119
Total Current Assets 291 372 346 338 386 448 614 704
Total Assets 419 528 529 545 602 639 861 969

Concord Enviro Sys. Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 4 2 3 10 20 60 18 25
Cash Flow from Operating Activities 44 14 62 49 117 -35 5 -23
Cash Flow from Investing Activities -24 -12 -22 -28 -50 -3 -122 53
Cash Flow from Financing Activities -23 -1 -33 -12 -27 -4 125 -1
Net Cash Inflow / Outflow -2 1 7 9 41 -42 7 28
Closing Cash & Cash Equivalent 2 3 10 20 60 18 25 53

Concord Enviro Sys. Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 257.34 127.6 321.62 193.39 3.01 22.77 24.88 9.55
CEPS(Rs) 0 480.39 0 492.45 16.39 61.76 33.62 19.02
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -568.57 -327.71 -173.7 3142.55 154.37 177.23 257.86 276.17
Core EBITDA Margin(%) 24.04 19.42 17.49 16.62 12.93 23.95 15.92 6.74
EBIT Margin(%) 17.52 14.37 12.4 11.63 8.07 23.52 14.54 8.53
Pre Tax Margin(%) 7.4 3.26 6.5 5.63 2.2 19.86 10.84 4.61
PAT Margin (%) 5.11 2.05 5.51 5 1.6 19.34 9.79 4.09
Cash Profit Margin (%) 12.46 7.72 12.65 12.74 8.69 22.62 11.71 7.06
ROA(%) 3.63 1.66 3.63 3.07 0.96 15.49 7.76 2.49
ROE(%) 0 0 0 12.82 2 31.85 13.59 4.13
ROCE(%) 18.79 17.77 12.34 10.21 6.87 26.33 15.16 6.86
Receivable days 155.52 131.08 157.77 155.48 124.62 101.83 106.01 143.31
Inventory Days 149.01 133.07 144.72 139.69 151.17 111.63 100.29 128.34
Payable days 225.3 183.54 196.39 208.17 201.69 166.79 154.39 186.49
PER(x) 0 0 0 0 0 0 19.89 26.5
Price/Book(x) 0 0 0 0 0 0 1.92 0.92
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.99 0.91 1 0.3 0.17 0.26 1.79 1.09
EV/Core EBITDA(x) 3.96 4.56 5.11 1.55 1.12 0.98 10.73 9.31
Net Sales Growth(%) 0 28.74 -9.29 -5.25 4.21 44.76 19.64 -6.15
EBIT Growth(%) 0 5.57 -21.74 -11.13 -27.72 322.13 -26.06 -44.91
PAT Growth(%) 0 -48.33 143.72 -14.01 -66.7 1651.67 -39.45 -60.82
EPS Growth(%) 0 -50.42 152.06 -39.87 -98.44 655.23 9.28 -61.63
Debt/Equity(x) -8.93 -17.95 -34.29 0.47 0.47 0.47 0.25 0.26
Current Ratio(x) 1.47 0.73 0.75 1.69 1.49 1.6 2.1 2.01
Quick Ratio(x) 0.86 0.42 0.49 1.02 0.91 1.05 1.51 1.38
Interest Cover(x) 1.73 1.29 2.1 1.94 1.38 6.43 3.94 2.18
Total Debt/Mcap(x) 0 0 0 0 0 0 0.13 0.29

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% +18% +10% —
Operating Profit CAGR -34% +8% -1% —
PAT CAGR -60% +66% +4% —
Share Price CAGR -49% — — —
ROE Average +4% +17% +13% +8%
ROCE Average +7% +16% +13% +14%

Concord Enviro Sys. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 51.43 %
FII 0.55 %
DII (MF + Insurance) 6.56 %
Public (retail) 41.45 %
Others 0.01 %
# Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 51.3951.3951.3951.3951.3951.4351.4351.4351.43
FII 5.863.611.590.960.940.261.280.370.55
DII 10.7414.8815.4212.211.310.677.257.216.56
Public 32.0130.1231.635.4636.3737.6440.0440.9941.45
Others 000000000
Total 100100100100100100100100100

Concord Enviro Sys. Peer Comparison

Environmental Services Edit Columns

Concord Enviro Sys. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Concord Enviro Sys. Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 154.39 to 186.49days.
  • The company has delivered a poor profit growth of 3% over past five years.
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