Concord Control Systems Ltd
543619Concord Control Systems Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting.
The sharpest disagreement: profits are rising, but only −71% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (58 weeks in) while the P/E sits at the 60th percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +78.6% year on year, and −71% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Concord Control Systems Ltd trades at ₹2,552, in a confirmed uptrend and 58 weeks into that stage. That is +10.1% against its own 200-day average. It sits at 69% of a 52-week range of ₹1,524 to ₹3,018. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 58 of stage 2, confirmed. At ₹2,552 it trades +10.1% versus its 200-day average and sits at 69% of its 52-week range (₹1,524–₹3,018).
Against the market, two honest reads. Cumulative: over the last 3.8 years the stock moved +2,812% while the NIFTY 500 moved +55% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 60th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Concord Control Systems Ltd trades at 60.1× P/E, mid-range by its own standards (60th percentile). Its long-run median P/E is 51.5×, measured across 3.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 60.1× is mid-range by its own standards (60th percentile), against a long-run median of 51.5× measured over 3.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +82.0% against a +129.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +143.1%/yr price move, ~+83.7%/yr came from earnings growth and ~+59.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Concord Control Systems Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 31.0% — the per-curve reads carry the story. The read is built from 8 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +69.4% | +62.4% | +63.5% | — |
| Profit | +78.3% | +101.7% | +110.2% | — |
| EPS | +82.0% | +89.6% | −3.1% | — |
| Share price | +129.3% | +143.1% | — | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
56.2/100 — rank 6 of 16 in Capital Goods - Engineering Heavy · 67% evidence confidence
Concord Control Systems Ltd scores 56.2 out of 100 against the 16 companies it is compared with in Capital Goods - Engineering Heavy, ranking 6. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.5 + 18.6 + 8.3 + 7.8 = 56.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Concord Control Systems Ltd reported ₹129 Cr of revenue in the Mar 26 quarter, +72.0% year on year. That is the 8th straight quarter of year-on-year growth. Over 7 years it has compounded at 47.2% a year. The last full year, FY26, came in at ₹210 Cr. The last four reported quarters add to ₹336 Cr.
Concord Control Systems Ltd reported ₹129 Cr of revenue in the Mar 26 quarter, +72.0% year on year. That is the 8th straight quarter of year-on-year growth. Over 7 years it has compounded at 47.2% a year. The last full year, FY26, came in at ₹210 Cr. The last four reported quarters add to ₹336 Cr.
FY26 revenue came in at ₹210 Cr (+69.4% on the year), capping 7 years at 47.2% compound. The latest quarter (Mar 26) printed ₹129 Cr, +72.0% year on year — the 8th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +79.3% growth against the decade's 47.2% — the current year is running faster than its own long-run rate.
→ Revenue grew — did margins hold as it scaled? Next: 30.0% this quarter (+10.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Concord Control Systems Ltd's operating margin is 30.0% in the Mar 26 quarter, +10.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +4.0 percentage points.
Concord Control Systems Ltd's operating margin is 30.0% in the Mar 26 quarter, +10.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +4.0 percentage points.
The latest quarter's operating margin is 30.0%, +10.0 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 6.0%–28.0%, and FY26's 28.0% is the top of that band — a record year.
Why the margin moved: operating margin went +4.0 pp year on year while gross margin went +4.4 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +78.6% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Concord Control Systems Ltd earned ₹25.0 Cr of net profit in the Mar 26 quarter, +78.6% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹41.0 Cr. The 7-year compound rate is 70.0%. That is 19.4% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.
Concord Control Systems Ltd earned ₹25.0 Cr of net profit in the Mar 26 quarter, +78.6% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹41.0 Cr. The 7-year compound rate is 70.0%. That is 19.4% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.
Mar 26 profit was ₹25.0 Cr, +78.6% year on year — the 8th consecutive quarter of growth. On the full year, FY26 printed ₹41.0 Cr (+78.3%), and the 7-year compound rate is 70.0%.
Why profit moved: revenue contributed +72.0% and the margin +10.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +78.0% vs revenue +79.3%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: −71% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −71% of Concord Control Systems Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−55.0 Cr of operating cash against ₹41.0 Cr of profit. After ₹25.0 Cr of capital spending, ₹−80.0 Cr was left as free cash.
FY26: operating cash of ₹−55.0 Cr against reported profit of ₹41.0 Cr, leaving free cash of ₹−80.0 Cr after ₹25.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −71% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −71%: the cash cycle stretched 254 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 254 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 374-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Concord Control Systems Ltd's cash conversion cycle runs 374 days in FY26, up from 120 days in FY21. Capital spending ran ₹50.0 Cr over the last 3 years. At FY26 sales of ₹210 Cr each day of that cycle holds about ₹0.6 Cr, so roughly ₹215 Cr sits inside the business at any moment.
FY26: debtors at 210 days, inventory at 313 days — roughly 10.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 374 days, looser than FY21's 120.
The full loop: cash goes out to suppliers and production on day 0; stock waits 313 days to sell; customers pay about 210 days after that; and suppliers themselves are paid at 148 days — netting out to the 374-day cycle.
In money terms: at FY26 sales of ₹210 Cr, each day of the cycle holds about ₹0.6 Cr — so the 374-day loop keeps roughly ₹215 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹50.0 Cr over the last 3 fiscal years against ₹7.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 31%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Concord Control Systems Ltd earns a ROCE of 31% in FY26. That is up from a trough of 30% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 19.5% net margin on 0.67× asset turns.
FY26 ROCE is 31%, recovered from a FY21 trough of 30% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 19.5% net margin × 0.67× asset turns × 1.51× balance-sheet leverage ≈ 19.7% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.26.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Concord Control Systems Ltd carries ₹54.0 Cr of borrowings against ₹209 Cr of equity in FY26, a debt-to-equity of 0.26. Operating profit covers the interest bill 30×. Over 5 years borrowings went from ₹3.0 Cr to ₹54.0 Cr. Capital spending ran ₹50.0 Cr across the last 3 of those years.
FY26: borrowings of ₹54.0 Cr against equity of ₹209 Cr — a debt-to-equity of 0.26. Operating profit covers the interest bill 30×. Over 5 years borrowings went from ₹3.0 Cr to ₹54.0 Cr while capital spending ran ₹50.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 8.0 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 8.0 points of Concord Control Systems Ltd over 8 quarters, the biggest move on the register. That takes promoters to 65.6% of the company. Domestic institutions moved −1.6 points over the same window, to 0.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −8.0 points over 8 quarters to 65.6%; Domestic institutions: −1.6 points over 8 quarters to 0.6%; Foreign institutions: +0.1 points over 8 quarters to 0.1%.
🚨 Why the register moved: promoters drove it (−8.0 points), alongside domestic institutions (−1.6 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Concord Control Systems Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Concord Control Systems Ltd this page | 60.1× | ₹2,548 Cr | Mixed | |||
| Bharat Heavy Electricals Ltd | 59.7× | ₹1.5L Cr | Mixed | |||
| Suzlon Energy Ltd | 22.5× | ₹71,276 Cr | Mixed | |||
| Inox Wind Ltd | 32.8× | ₹13,302 Cr | No read | |||
| Praj Industries Ltd | 299.0× | ₹5,946 Cr | Turning around | |||
| John Cockerill India Ltd | — | ₹4,413 Cr | No read | |||
| The Anup Engineering Ltd | 38.1× | ₹4,246 Cr | Topping out | |||
| Windsor Machines Ltd | 2,498.0× | ₹3,023 Cr | No read | |||
| JNK India Ltd | 40.6× | ₹2,635 Cr | Turning around | |||
| Concord Control Systems Ltd | 78.9× | ₹2,400 Cr | No read | |||
| John Cockerill India Ltd | 105.0× | ₹2,138 Cr | No read | |||
| Disa India Ltd | 31.3× | ₹1,761 Cr | Mixed | |||
| Walchandnagar Industries Ltd | — | ₹1,609 Cr | No read | |||
| Kabra Extrusion Technik Ltd | — | ₹1,318 Cr | Deteriorating | |||
| Eimco Elecon (India) Ltd | 27.0× | ₹1,032 Cr | Mixed | |||
| Bajaj Steel Industries Ltd | 22.3× | ₹823 Cr | Deteriorating | |||
| Bajaj Steel Industries Ltd | 13.5× | ₹710 Cr | Mixed | |||
| Integra Engineering India Ltd | 39.2× | ₹582 Cr | Deteriorating | |||
| Integra Engineering India Ltd | 33.2× | ₹535 Cr | Mixed | |||
| Hercules Investments Ltd | 8.6× | ₹317 Cr | Turning around |
Frequently asked questions
What is Concord Control Systems Ltd's share price today?
Concord Control Systems Ltd trades at ₹2,552, +129.3% over the past year. The company is valued at ₹2,548 Cr. The stock sits at 69% of its 52-week range of ₹1,524–₹3,018, +10.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 58 weeks in. — as of 24 July 2026.
What were Concord Control Systems Ltd's latest quarterly results?
Concord Control Systems Ltd reported revenue of ₹129 Cr and net profit of ₹25.0 Cr for the Mar 26 quarter. Revenue rose 72.0% and profit rose 78.6% year on year. Earnings per share were ₹23.96. The operating margin was 30.0%, 10.0 pp higher than a year earlier. — as of 24 July 2026.
What is Concord Control Systems Ltd's revenue?
Concord Control Systems Ltd reported revenue of ₹129 Cr in the Mar 26 quarter, +72.0% year on year. For the full FY26 fiscal year, revenue was ₹210 Cr (+69.4%). Over the last 7 years revenue compounded at 47.2% a year. — as of 24 July 2026.
What is Concord Control Systems Ltd's profit?
Concord Control Systems Ltd earned ₹25.0 Cr of net profit in the Mar 26 quarter, +78.6% year on year — the 8th straight quarter of growth. Full-year FY26 profit was ₹41.0 Cr. The operating margin ran 30.0% in the latest quarter. — as of 24 July 2026.
What is Concord Control Systems Ltd's market cap?
Concord Control Systems Ltd's market capitalisation is ₹2,548 Cr at a share price of ₹2,552. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Concord Control Systems Ltd's P/E ratio?
Concord Control Systems Ltd trades at a P/E of 60.1×, at the 60th percentile of its own 4-year range, against a long-run median of 51.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Concord Control Systems Ltd pay a dividend?
No — Concord Control Systems Ltd has recorded a dividend payout of 0% of profit in each of its last 8 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is Concord Control Systems Ltd overvalued?
On its own history, Concord Control Systems Ltd looks mid-range against its own history: its P/E of 60.1× sits at the 60th percentile of its 4-year range (long-run median 51.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Concord Control Systems Ltd growing?
Yes — Concord Control Systems Ltd is growing: latest-quarter revenue +72.0% year on year, profit +78.6%, and the margin +10.0 pp at 30.0%. The 7-year compound rates are 47.2% (revenue) and 70.0% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Concord Control Systems Ltd performing?
Concord Control Systems Ltd is in a confirmed uptrend, 58 weeks in. Its latest quarter's revenue rose 72.0% and profit rose 78.6% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Concord Control Systems Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 31.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +72.0% latest, profit growth +78.6% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Concord Control Systems Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 58 of stage 2), trading +10.1% versus its 200-day average and at 69% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Concord Control Systems Ltd beating the market?
Not lately — on a trailing-13-week view Concord Control Systems Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 3.8 years the stock moved +2,812% against the NIFTY 500's +55% — ahead of the index over the full window. — as of 24 July 2026.
Will Concord Control Systems Ltd's share price go up?
This page publishes no price forecast for Concord Control Systems Ltd. What it measures instead: the share price is ₹2,552, the price is in a confirmed uptrend 58 weeks in. Its P/E of 60.1× sits at the 60th percentile of its own 4-year range. — as of 24 July 2026.
Who owns Concord Control Systems Ltd?
Promoters hold 65.6% of Concord Control Systems Ltd, foreign institutions 0.1%, domestic institutions 0.6% and the public 33.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 8.0 points over 8 quarters. — as of 24 July 2026.
Does Concord Control Systems Ltd have too much debt?
No — Concord Control Systems Ltd's debt-to-equity is 0.26, and operating profit covers the interest bill 30×. FY26 borrowings were ₹54.0 Cr against equity of ₹209 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Concord Control Systems Ltd's capex?
Concord Control Systems Ltd spent ₹50.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹25.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Concord Control Systems Ltd's cash flow?
Concord Control Systems Ltd generated ₹−55.0 Cr of operating cash flow in FY26 and ₹−80.0 Cr of free cash flow after ₹25.0 Cr of capital spending. Reported profit that year was ₹41.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Concord Control Systems Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −71% of Concord Control Systems Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−55.0 Cr against reported profit of ₹41.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is Concord Control Systems Ltd in its business cycle?
Concord Control Systems Ltd's FY26 operating margin was 28.0%, against a 8-year band of 6.0%–28.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 30.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Concord Control Systems Ltd story?
The sharpest disagreement: profits are rising, but only −71% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Concord Control Systems Ltd a stock worth studying right now?
This is not investment advice. The machine read: Concord Control Systems Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.