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Concord Control Systems

543619 BSE
₹2,784.05

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P/E
262.65
View as Markdown
MCP
Close 4 Nov 2026 ₹2,784.05 +897.70 +47.6% 1Y
Start ₹1,886.35

Key Fundamentals

SMEIndustrial ManufacturingCapital Goods

Price-based figures at the close · TTM

ROCE
31.20%
Debt to Equity
0.26
EPS (TTM)
₹10.60
Book Value
₹201.56
Market Cap
—
P/E (TTM)
262.65
P/B
13.81
ROE
25.60%
Dividend Yield
0.00%
EBITDA
₹65.30 Cr
52W High
₹3,069.85
52W Low
₹1,836.55

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
13
Poor
Cheap vs sector & own history 24% weight
Growth
98
Strong
Sales & profit trajectory 9% weight
Financial Health
82
Strong
Solvency, leverage, coverage 9% weight
Momentum
49
Average
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 96.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%

Weaknesses

5
  • Stock is trading at 12.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.66%
  • Company has high debtors of 210 days.
  • Working capital days have increased from 161 days to 228 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
69.66
Neutral
MACD (12,26,9)
57.06
Bullish
SMA (50)
2,349.86
Bullish
SMA (200)
2,473.81
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+63.45%
3Y+62.43%
1Y+69.35%

Net profit

Net profit growth by window
5Y+112.17%
3Y+104.88%
1Y+86.96%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YOutflow widened by ₹53 Cr
1YOutflow widened by ₹48 Cr

Operating margin· change in pp

Operating margin growth by window
5Y+17.94 pp
3Y+12.72 pp
1Y+5.66 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹16.00 Cr
Mar 2021₹18.00 Cr
Mar 2022₹32.00 Cr
Mar 2023₹49.00 Cr
Mar 2024₹65.00 Cr
Mar 2025₹124 Cr
Mar 2026₹210 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹1.00 Cr
Mar 2021₹1.00 Cr
Mar 2022₹3.00 Cr
Mar 2023₹5.00 Cr
Mar 2024₹13.00 Cr
Mar 2025₹23.00 Cr
Mar 2026₹43.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Concord Control Systems Ltd is a small-cap industrial company with a market cap of ~Rs 2,992 crore, trading at a PE of 72.6x and PB of 14.2x. The company has delivered exceptional profit growth of 97% CAGR over 5 years and sales growth of 64% CAGR over the same period, but faces working capital challenges with debtor days at 210 and working capital days expanding to 228 days.

Bull Case 7
  • Compounded profit growth of 97% CAGR over 5 years demonstrates sustained earnings momentum
  • Compounded sales growth of 64% CAGR over 5 years indicates strong revenue scalability in the industrial automation space
  • TTM sales growth of 69% shows continued top-line acceleration even on a larger base
  • 3-year ROE of 28% reflects efficient capital deployment and strong profitability
  • TTM profit growth of 87% outpacing TTM sales growth of 69% suggests improving operating leverage and margin expansion
  • Stock price CAGR of 165% over 1 year and 152% over 3 years reflects strong market recognition of the growth trajectory
  • Last year ROE of 26% remains well above the cost of equity for most industrial companies, indicating continued value creation
Bear Case 7
  • Price-to-book of 14.2x implies the market is pricing in substantial future growth that may already be discounted
  • Debtor days of 210 indicate significant cash tied up in receivables, posing collection and cash flow risk
  • Working capital days increased from 161 to 228 days, suggesting deteriorating capital efficiency as the company scales
  • Zero dividend yield despite repeated profitability means shareholders rely entirely on capital appreciation for returns
  • Promoter holding decreased by 1.23% in the last quarter, which may signal reduced insider confidence at current valuations
  • Limited long-term track record with no 10-year data available for sales, profit, or ROE metrics makes durability of growth difficult to assess
  • Small market cap of Rs 2,992 crore combined with high valuation multiples increases vulnerability to liquidity-driven corrections

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Concord Control Systems is gaining industry recognition for its railway technology capabilities, with a recent award highlighting its role in safer and smarter rail operations. No headwinds are evident from recent coverage. The award strengthens brand credibility and could support future order wins in the railway signalling and control space.

Positives 1
  • Wins railway technology award Jun 18

    Concord Control Systems received the Excellence in Railway Technology Award at the ET Now Business Conclave & Awards 2026, recognising its contribution to safer and smarter railway operations.

Half-yearly Results

₹ Cr
543619 half-yearly results, ₹ crore
Particulars Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
14
18
26
23
30
35
50
75
82
129
Expenses
13
15
23
18
23
26
36
60
61
90
Operating Profit
2
2
3
5
8
9
14
15
20
39
OPM %
11%
13%
11%
21%
26%
26%
28%
20%
25%
30%
Other Income
0
0
0
0
0
1
1
2
1
2
Interest
0
0
0
0
0
0
2
0
1
2
Depreciation
0
0
0
0
0
0
1
1
1
3
PBT
1
2
3
5
8
9
12
16
20
36
Tax %
23%
25%
25%
30%
25%
27%
29%
14%
21%
32%
Net Profit
1
2
2
3
6
7
8
14
16
25
EPS (₹)
1.65
2.56
2.99
3.6
6.59
7.08
8.62
14.24
15.86
23.96

Profit & Loss

₹ Cr
543619 profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
16
18
32
49
65
124
210
Expenses
14
15
28
42
48
95
149
Operating Profit
2
2
4
8
17
29
61
OPM %
11%
13%
12%
16%
26%
23%
29%
Other Income
0
0
0
0
1
3
3
Interest
0
0
0
0
0
3
2
Depreciation
0
0
0
1
1
2
4
PBT
1
2
3
7
17
28
58
Tax %
28%
24%
24%
26%
26%
20%
26%
Net Profit
1
1
3
5
13
23
43
EPS (₹)
1.67
2.27
4.19
5.99
13.34
22.43
41.08
Div. Payout %
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
543619 balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.2
0.2
0.2
6
6
6
10
Reserves
3
5
7
16
40
113
199
Borrowings
2
3
3
3
3
0
54
Other Liabilities
3
4
4
6
11
16
52
Total Liabilities
8
13
15
30
60
136
316
Fixed Assets
1
1
2
2
3
23
43
CWIP
0
0
0
0
0
1
3
Investments
0
0
0
2
4
7
24
Other Assets
7
11
12
26
53
105
246
Total Assets
8
13
15
30
60
136
316

Cash Flow

₹ Cr
543619 cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
0
2
−2
7
−7
−55
Investing
−1
0
−1
−1
−5
−14
−45
Financing
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/EBITDA
54
38
64
1
71
−5
−69

Ratios

543619 financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
149
Cash Conversion Cycle
83
120
82
70
70
265
375
Working Capital Days
50
75
48
80
61
194
228
ROCE %
—
30%
38%
43%
48%
37%
31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Concord Control Systems insights

57 extracted metrics across FY18–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 63.91%
  • Public 27.75%
  • Others 5.88%
  • DIIs 2.47%

No promoter shares pledged as of 14 Oct 2026

Change since Mar 2026

Documents

Frequently Asked Questions about Concord Control Systems

What does Concord Control Systems Ltd do?
Incorporated in 2011, Concord Control Systems Ltd is in the business of Electrical Machinery for Indian Railways and allied products
Where is Concord Control Systems Ltd (CNCRD) listed?
Concord Control Systems Ltd trades under code 543619 on the BSE.
Which sector does Concord Control Systems Ltd belong to?
Concord Control Systems Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Concord Control Systems Ltd?
Concord Control Systems Ltd trades at a PE ratio of 262.65 as of 4 Nov 2026, on earnings per share of ₹10.6, against a book value of ₹201.56 per share.
What is the 52-week high and low of Concord Control Systems Ltd?
Over the last 52 weeks Concord Control Systems Ltd has traded between ₹1,836.55 and ₹3,069.85 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Concord Control Systems Ltd?
Concord Control Systems Ltd reported a return on equity of 25.60%. Its debt-to-equity ratio is 0.26.

Company Information

Incorporated in 2011, Concord Control Systems Ltd is in the business of Electrical Machinery for Indian Railways and allied products

Website concordgroup.in
Listed 10 Oct 2022
Face Value ₹10

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