Concord Enviro Systems Ltd (CEWATER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544315 | NSE: CEWATER | Environmental Services | Small Cap

Concord Enviro Sys. Share Price

378.95 -11.60 -2.97%
as on 05-Dec'25 16:59

Concord Enviro Systems Ltd (CEWATER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544315 | NSE: CEWATER | Environmental Services | Small Cap

DeciZen - make an informed investing decision on Concord Enviro Sys.

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Concord Enviro Systems stock performance -

Key Ratios
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P/E Ratio (SA):
108.48
Market Cap:
784.3 Cr.
52-wk low:
377.6
52-wk high:
860

Is Concord Enviro Systems Ltd an attractive stock to invest in?

1. Is Concord Enviro Systems Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Concord Enviro Systems Ltd is a below average quality company.

2. Is Concord Enviro Systems Ltd undervalued or overvalued?

The key valuation ratios of Concord Enviro Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Concord Enviro Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Concord Enviro Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Concord Enviro Sys.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Concord Enviro Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.1%0.7%-0.1%1.2%-18.3%-0.4%3.2%-
Value Creation
Index
-0.9-1.0-1.0-0.9-2.3-1.0-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.29.93.13.53.83956.658
Sales YoY Gr.-8.4%-68.4%12.4%7.4%928.2%45.2%-
Adj EPS 15.76.4-311.6-4.71.91.73.5
YoY Gr.--59.6%-146.9%NA-140.2%NA-6.5%-
BVPS (₹) 1,177.41,183.51,180.6574.522.623.9100.7103
Adj Net
Profit
1.30.5-0.31-8.53.43.67
Cash Flow from Ops. -0.85.40.6-2.4-4.100.5-
Debt/CF from Ops. 0000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA41.6%152.1%45.2%
Adj EPS NA-22.9%-47%-6.5%
BVPSNA-38.9%-44%321.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.30.5-0.31.3-18.782.83.4
Op. Profit
Mgn %
1.27.82.9-63.9-305.80.82.4-4.3
Net Profit
Mgn %
14.65.5-8.128.1-224.58.66.312.4
Debt to
Equity
00000000
Working Cap
Days
024641542938729161307
Cash Conv.
Cycle
0-4-92-322-370-66-88251

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.40%

Sales growth is growing at healthy rate in last 3 years 152.13%

Net Profit has been subdued in last 3 years -47.01%

Sales growth is not so good in last 4 quarters at 9.81%

Latest Financials - Concord Enviro Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 22.8
TTM Sales (₹ Cr.) 58.1 557
BVPS (₹.) 103 265.7
Reserves (₹ Cr.) 203 539
P/BV 3.68 1.43
PE 108.48 16.62
From the Market
52 Week Low / High (₹) 377.55 / 859.95
All Time Low / High (₹) 387.45 / 859.95
Market Cap (₹ Cr.) 784
Equity (₹ Cr.) 10.4
Face Value (₹) 5
Industry PE 29

Management X-Ray of Concord Enviro Sys.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Concord Enviro Sys. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios of Concord Enviro Sys.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9103443957
Operating Expenses 9936154056
Manufacturing Costs0000000
Material Costs783003348
Employee Cost 0002335
Other Costs 21041243
Operating Profit 010-2-12-11
Operating Profit Margin (%) 1.2%7.4%2.9%-63.9%-305.0%-3.8%1.3%
Other Income 2003313
Interest 0000000
Depreciation 0000000
Exceptional Items 0000000
Profit Before Tax 21-01-8-04
Tax 100-00-31
Profit After Tax 11-01-823
PAT Margin (%) 14.6%5.2%-7.7%28.0%-222.0%6.0%5.5%
Adjusted EPS (₹)15.76.1-2.811.6-4.61.31.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 101102101504143208
Share Capital 11119910
Reserves 100100100493234198
Minority Interest0000000
Debt0000000
Long Term Debt0000000
Short Term Debt0000000
Trade Payables231351020
Others Liabilities 1003613
Total Liabilities 103105103565254232

Fixed Assets

Gross Block2311111
Accumulated Depreciation1100000
Net Fixed Assets 2211111
CWIP 0000002
Investments 929999494850105
Inventories0100000
Trade Receivables2201013
Cash Equivalents 00000077
Others Assets 72342243
Total Assets 103105103565254232

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -151-2-400
PBT 21-01-8-04
Adjustment -200-3-31-3
Changes in Working Capital -151-08-1-0
Tax Paid -1-0-0-0-1-0-0
Cash Flow From Investing Activity 0-5-134-0-143
Capex -1-01000-2
Net Investments -1-60110-88
Others 21-123-0-53
Cash Flow From Financing Activity 000-0-0-0162
Net Proceeds from Shares 000000175
Net Proceeds from Borrowing 0000000
Interest Paid 000-0-0-00
Dividend Paid 0000000
Others 000000-13
Net Cash Flow -1-000-0-020

Finance Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.340.52-0.241.32-18.725.492.49
ROCE (%)2.060.67-0.051.23-18.26-0.433.21
Asset Turnover Ratio0.090.10.030.040.070.730.4
PAT to CFO Conversion(x)-15N/A-2N/A00
Working Capital Days
Receivable Days8771995567815
Inventory Days142400001
Payable Days961052786,597082116

Concord Enviro Systems Ltd Stock News

Concord Enviro Systems Ltd FAQs

The current trading price of Concord Enviro Sys. on 05-Dec-2025 16:59 is ₹378.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Concord Enviro Sys. stood at ₹784.3.
The latest P/E ratio of Concord Enviro Sys. as of 04-Dec-2025 is 108.5.
The latest P/B ratio of Concord Enviro Sys. as of 04-Dec-2025 is 3.68.
The 52-week high of Concord Enviro Sys. is ₹860.0 and the 52-week low is ₹377.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Concord Enviro Sys. is ₹58.14 ( Cr.) .

About Concord Enviro Systems Ltd

Concord Enviro Systems Limited was originally incorporated as ‘Concord Enviro Systems Private Limited’ under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated July 1, 1999, issued by the RoC. Pursuant to a memorandum of understanding dated August 18, 1999 executed between the company, and ‘Universal Blenders’, a partnership firm constituted pursuant to partnership deed dated August 19, 1992, as amended, the company took over the assets and liabilities of Universal Blenders, which ceased its business operations, and whose operations were taken over and carried in the name of the Company with effect from July 3, 1999. The name of the company was subsequently changed to ‘Concord Enviro Systems Limited’, upon conversion into a public company, pursuant to a board resolution dated May 23, 2022 and a shareholders’ resolution dated May 25, 2022, and a fresh certificate of incorporation was issued by the RoC consequent upon change of name on conversion to public limited company on June 9, 2022.

The company is a global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. It has in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operation and maintenance (O&M) and digitalization solutions including Internet of Things (IoT). The sources through which it generates its revenue include (i) sale of systems and plants (ii) operations and maintenance of installed plants, and (iii) supplying consumables and spares for installed plants. Its business operations include Systems and Plants, operations and maintenance and Consumables and Spares. It has also implemented digitalization solutions (including IoT) to provide data capture and analysis platforms that enable real-time monitoring, troubleshooting and preventative maintenance of its installed systems and plants.

It is an integrated provider of wastewater treatment and ZLD solutions, with focus upon energy optimization and recovery helping industries achieve water conservation and sustainability goals. It also provides its solutions to customers on a turnkey basis. Its integrated solutions incorporate its own custom designs for systems and plants including effluent treatment plants, anaerobic digestors, membrane bio-reactors, sewage treatment plants, membrane-based systems including ultra-filtration (UF), nano-filtration (NF), reverse osmosis (RO), desalination systems and waste heat evaporators (WHE). In addition, it offers its customers a comprehensive suite of O&M services including providing consumables and spare parts. It has also implemented digitalization solutions (including IoT) to provide data capture and analysis platforms that enable real-time monitoring, troubleshooting and preventative maintenance of its installed systems and plants.

Business area of the company

The company is engaged in the business of manufacturing water treatment systems, water pollution control equipment, bio filters, resource recovery systems using membrane technology and operational and maintenance services.

History and milestones

  • 1992-1993: Company received an enquiry for the supply of a reverse osmosis distillation plant to the Indian Navy for user and evaluation trials.
  • 1994-1995: Company ventured into offshore seawater desalination equipment supply via its Subsidiary, Rochem Separation Systems (India) Private Limited.
  • 1994-1995: Order from Goa Shipyard Limited for supply of RO type fresh-water generators for survey vessel yards.
  • 1994-1995: Investment by Rochem Group S.A., Switzerland, into 50% equity share capital of its Subsidiary, Rochem Separation Systems (India) Private Limited.
  • 1995-1996: First order for RO system to be installed on submarines.
  • 2000-2001: Expanded into industrial wastewater reuse through its Subsidiary, Rochem Separation Systems (India) Private Limited by industrial installation along with Aurobindo Pharma Limited.
  • 2006-2007: Set up operations in Sharjah Airport International Free Zone through incorporation of its Subsidiary, Blue Water Trading and Treatment (FZE).
  • 2006-2007: Acquisition by Concord Shipping Private Limited of 50% of the equity share of its joint venture from Rochem AG by purchase of shares of Rochem Separation Systems (India) Private Limited held by Rochem AG
  • 2008-2009: Company expanded its customer segment through its Subsidiary, Rochem Separation Systems (India) Private Limited to the oil and gas sector.
  • 2009-2010: The company acquired the entire shareholding in Reva Enviro Systems Private Limited pursuant to a share purchase agreement dated June 2, 2009.
  • 2009-2010: Earned a total income of Rs 1,000 million in the financial year 2009-10.
  • 2010-2011: Expanded its manufacturing and export facilities in the UAE through incorporation of its Subsidiary, Concord Enviro FZE.
  • 2010-2011: Company expanded its customer segment through its Subsidiary, Rochem Separation Systems (India) Private Limited to the food and beverage sector.
  • 2013-2014: Expanded product portfolio with High Pressure Reverse Osmosis (“HPRO”) and Low-Pressure Reverse Osmosis (LPRO) plants.
  • 2014-2015: Sold NF membrane plant through its Subsidiary, Rochem Separation Systems (India) Private Limited.
  • 2016-17: Incorporation of Roserve Enviro Private Limited, to carry on business of owning and providing on rent/ lease, operating/ maintaining and buying, selling, reselling, all kinds of reverse osmosis plants and allied equipment, machinery, plants, and other equipment.
  • 2017-2018: Rochem Separation Systems (India) Private Limited installed its first HPRO System.
  • 2018-2019: Commercialization of waste heat evaporators by its Subsidiary, Rochem Separation Systems (India) Private Limited.
  • 2018-2019: Commencement of exports to China and Africa, by its Subsidiary Concord Enviro FZE.
  • 2022: Largest export order till date received from one of its international customers namely Diageo Mexico Operaciones, S.A. De C.V.
  • 2024: Orders received for: Integrated membrane brine concentrator for RO rejects from Ranjan Polysters Limited; and Complete wastewater package from refinery sector from Megha Engineering & Infrastructures Limited.

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