BSE: 543619 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Concord Control Systems Ltd is a average quality company.
The key valuation ratios of Concord Control Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Concord Control Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 33.7% | 43.1% | 48.5% | - |
| Value Creation Index ⓘ | 1.4 | 2.1 | 2.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 31.7 | 49.3 | 65.5 | 66 |
| Sales YoY Gr. | - | 55.7% | 32.8% | - |
| Adj EPS ⓘ | 6.3 | 9.5 | 21.8 | 20.7 |
| YoY Gr. | - | 51% | 130.2% | - |
| BVPS (₹) ⓘ | 17.8 | 37.2 | 77.6 | 153 |
| Adj Net Profit ⓘ | 2.6 | 5.4 | 13 | 13 |
| Cash Flow from Ops. ⓘ | 1.6 | 2.9 | 5.9 | - |
| Debt/CF from Ops. ⓘ | 2 | 0.9 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 32.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 130.2% | ||||
| BVPSⓘ | NA | NA | NA | 108.8% | ||||
| Share Price | - | - | - | 162.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 35.2 | 37.7 | 38.5 | 18 |
| Op. Profit Mgn % ⓘ | 12.3 | 15.6 | 26.2 | NAN |
| Net Profit Mgn % ⓘ | 8.3 | 11 | 19.9 | 19.9 |
| Debt to Equity ⓘ | 0.4 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 107 | 127 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 50 | 56 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 17.90%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 20.7 | 20.3 |
| TTM Sales (₹ Cr.) | 65.5 | 65.5 |
| BVPS (₹.) ⓘ | 153 | 152.7 |
| Reserves (₹ Cr.) ⓘ | 90 | 90 |
| P/BV ⓘ | 11.67 | 11.70 |
| PE ⓘ | 86.27 | 87.85 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 538.00 / 2062.05 |
| All Time Low / High (₹) | 109.95 / 2062.05 |
| Market Cap (₹ Cr.) | 1,125 |
| Equity (₹ Cr.) | 6.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 32 | 49 | 66 |
| Operating Expenses ⓘ | 28 | 42 | 48 |
| Manufacturing Costs | 3 | 5 | 3 |
| Material Costs | 20 | 29 | 35 |
| Employee Cost | 2 | 4 | 6 |
| Other Costs ⓘ | 2 | 4 | 4 |
| Operating Profit ⓘ | 4 | 8 | 17 |
| Operating Profit Margin (%) | 12.3% | 15.6% | 26.2% |
| Other Income ⓘ | 0 | 0 | 1 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 7 | 18 |
| Tax ⓘ | 1 | 2 | 5 |
| Profit After Tax | 3 | 5 | 13 |
| PAT Margin (%) | 8.3% | 11.0% | 19.9% |
| Adjusted EPS (₹) | 6.3 | 9.5 | 21.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7 | 21 | 46 | |||||||
| Share Capital ⓘ | 0 | 6 | 6 | |||||||
| Reserves ⓘ | 7 | 16 | 40 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 3 | 3 | 3 | |||||||
| Long Term Debt | 0 | 0 | 0 | |||||||
| Short Term Debt | 3 | 2 | 3 | |||||||
| Trade Payables | 3 | 2 | 5 | |||||||
| Others Liabilities ⓘ | 2 | 4 | 6 | |||||||
| Total Liabilities ⓘ | 15 | 30 | 60 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 3 | 4 | 5 | |||||||
| Accumulated Depreciation | 1 | 2 | 2 | |||||||
| Net Fixed Assetsⓘ | 2 | 2 | 3 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 2 | 5 | |||||||
| Inventories | 5 | 3 | 3 | |||||||
| Trade Receivables | 3 | 9 | 15 | |||||||
Cash Equivalents  ⓘ
| 0 | 9 | 24 | |||||||
| Others Assetsⓘ | 4 | 5 | 11 | |||||||
| Total Assets ⓘ | 15 | 30 | 60 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 3 | 6 |
| PBT ⓘ | 3 | 7 | 18 |
| Adjustment ⓘ | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -1 | -3 | -7 |
| Tax Paid ⓘ | -1 | -2 | -5 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -4 |
| Capex | -1 | -2 | -5 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 8 | 12 |
| Net Proceeds from Shares ⓘ | 0 | 8 | 12 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 9 | 15 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 35.37 | 37.95 | 38.56 | |||||||
| ROCE (%) | 33.68 | 43.08 | 48.54 | |||||||
| Asset Turnover Ratio | 2.17 | 2.23 | 1.46 | |||||||
| PAT to CFO Conversion(x) | 0.67 | 0.6 | 0.46 | Working Capital Days | ||||||
| Receivable Days | 34 | 44 | 67 | |||||||
| Inventory Days | 60 | 29 | 16 | |||||||
| Payable Days | 46 | 30 | 35 | |||||||
The company was originally incorporated as a Private Limited Company under the name “Concord Control Systems Private Limited” on January 19, 2011 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kanpur, Uttar Pradesh. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on August 18, 2022, the company was converted into a Public Limited Company and consequently the name of the Company was changed from “Concord Control Systems Private Limited” to “Concord Control Systems Limited” vide a fresh certificate of incorporation dated August 26, 2022, issued by the Registrar of Companies, Kanpur, Uttar Pradesh.
The company is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors. The company started its operations in the year 2011 when it got approval to manufacture and supply battery charger in traction system of railway electrification. The company further expanded its business in manufacturing products fitted in coaches of Indian Railways in the year 2013 and got approved for Emergency Light Unit which is one of the most critical items of rolling stock application in coaches of Indian Railways for passenger safety. Emergency Light Unit switches on automatically in case of power failure or in case of accidents. Thereafter in the year 2014 it successfully received RDSO approval for manufacturing and supply of Tensile Load Testing Machine for Porcelain & Composite Insulators before installation electrical lines. Eventually the company got approval to Supply Brushless Dc Carriage Fans to Indian railways when it changed its technology of fans from normal DC to Brushless DC. Over the years the company has successfully developed and is supplying a wide range of products.
Currently the company has two manufacturing units situated at Lucknow, Uttar Pradesh with total size admeasuring to over 1880 sq. mtrs. The company’s unit has a well-equipped laboratory, modern technology and testing equipments to ensure that the products confirm with the predetermined standards. The company has a research and development team dedicated towards developing new products or improving existing products. Its R&D capabilities include product engineering, product simulation, prototyping and testing which are mainly undertaken at its manufacturing facilities. With its R&D capabilities, it is currently developing several new products like the company is in the process of developing product prototype of Control and Relay Panels and has received Capacity cum Capability Assessment certificate for the same from RDSO.
Business area of the company
The company manufactures products required in railway coaches like: Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows etc. and products required in electrification of coaches and broad gauge network of Indian Railways like: Battery Charger 200 AH, Battery Charger 40 AH, Tensile Testing Machine. It is approved vendor by Research Design and Standards Organisation (“RDSO”) to manufacture and supply these products for the Indian Railways.
Major events and milestones
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