Concord Control Systems Ltd - Stock Valuation and Financial Performance

BSE: 543619 | NSE: | Engineering - Industrial Equipments | Small Cap

Concord Control Systems Ltd Share Price

742 -6.40 -0.86%
as on 23-Feb'24 16:59

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

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Concord Control Systems stock performance -

mw4me loader
P/E Ratio (SA):
83.98
Market Cap:
457.4 Cr.
52-wk low:
178.2
52-wk high:
1,000

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

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

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

2. Is Concord Control Systems Ltd undervalued or overvalued?

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

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

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.

10 Year X-Ray of Concord Control 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 Control 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'22Mar'23TTM
ROCE % 25.6%31.6%-
Value Creation
Index
0.81.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.749.349
Sales YoY Gr.-55.7%-
Adj EPS 6.39.59.1
YoY Gr.-51%-
BVPS (₹) 17.837.255.8
Adj Net
Profit
2.65.45
Cash Flow from Ops. 1.6-2-
Debt/CF from Ops. 2-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA55.7%
Adj EPS NANANA51%
BVPSNANANA109.1%
Share Price - - - 284.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23TTM
Return on
Equity %
35.237.719.6
Op. Profit
Mgn %
12.315.6NAN
Net Profit
Mgn %
8.31111
Debt to
Equity
0.40.1-
Working Cap
Days
01250
Cash Conv.
Cycle
0500

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 19.60%

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%

Latest Financials - Concord Control Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 9.1 9.1
TTM Sales (₹ Cr.) 49.3 49.4
BVPS (₹.) 55.8 55.8
Reserves (₹ Cr.) 27 27
P/BV 13.70 13.70
PE 83.98 83.93
From the Market
52 Week Low / High (₹) 178.20 / 1000.00
All Time Low / High (₹) 109.95 / 1000.00
Market Cap (₹ Cr.) 457
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 47

Management X-Ray of Concord Control Sys.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Concord Control Sys.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Concord Control Systems Ltd Stock News

Concord Control Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Concord Control Sys. on 23-Feb-2024 16:59 is ₹742.0.
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 23-Feb-2024 16:59 the market cap of Concord Control Sys. stood at ₹457.4.
The latest P/E ratio of Concord Control Sys. as of 23-Feb-2024 16:59 is 83.98.
The latest P/B ratio of Concord Control Sys. as of 23-Feb-2024 16:59 is 13.70.
The 52-week high of Concord Control Sys. is ₹1,000 and the 52-week low is ₹178.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Concord Control Sys. is ₹49.34 ( Cr.) .

About Concord Control Systems Ltd

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

  • 2011: Incorporation of the company as “Concord Control Systems Private Limited” under the Companies Act, 1956.
  • 2013: Commencement of Factory Unit I at UPSIDC Industrial Area, Lucknow, UP
  • 2017-2018: Crossed Revenue of Rs 1,000 lakh.
  • 2019-2020: Acquired 66.67% stake in Drivetrain Solutions Private Limited through subscribing the equity shares pursuant to which it became its Subsidiary Company.
  • 2019-2020: Acquired 50.00% stake in Rangetech Systems India Private Limited through subscribing the equity shares pursuant to which it became our Associate Company.
  • 2019-2020: The company further acquired the 25% stake in Rangetech Systems India Private Limited by purchasing the equity shares from existing shareholder, pursuant to which it became our Subsidiary Company.
  • 2022: The company has acquired the 24.98% stake in Rangetech Systems India Private Limited by purchasing the equity shares from existing shareholder.
  • 2022: Commencement of Factory Unit II at Chinhat Industrial Area, Lucknow, UP.
  • 2022: Conversion of the Company from Private Limited to Public Limited.
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