Concord Control Systems Ltd (CNCRD) — share price & stock analysis

Market cap

₹2,400 Cr

P/E

78.9×

ROE

27.4%

vs own history (since 2023)

85th pctile

Book value / share

₹137

EPS (TTM)

₹30.1

10-yr median P/E

53.1×

Revenue (FY25)

₹124 Cr

Profit after tax (FY25)

₹23 Cr

Weinstein stage

Stage 2 (39 weeks)

Data as of

6 March 2026

3 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROCE 37% — a high-quality engine; effectively no debt; margins near the top of their band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price has run ahead of the profits

Since May 2023, the stock is up 1,198% while earnings per share grew 357%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 78.9× means the market is paying up — this is the expensive end of its own history since 2023 (85th percentile).pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (53.1×).

The price is in a confirmed uptrend — 39 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 39 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹1,914 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 41 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 4 of the last 5 years — compounding so far, on a short record

Over 5 years, sales went from ₹16.0 Cr to ₹124 Cr (about 51% a year), and profit from ₹1.0 Cr to ₹23.0 Cr.revenuenet_profit

Margins widened 10.9 points along the way — growth with improving economics.operating_profit

Sales exploded 64% last quarter — the 7th straight quarter of growth

Sep 25 sales were ₹82.0 Cr, up 64% on the same quarter last year.revenue

That makes 7 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are compressing — 28% → 25% in a year

Of every ₹100 of sales, the company keeps ₹25.1 as operating profit (a year ago it kept ₹27.7).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 11.1% in FY21 and has been rebuilt to 23.4% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (53% → 49%), so this is about input costs and pricing power — the raw-material equation worsened.gpm_pctopm_pct

Profit exploded 100% — mostly from selling more

Sep 25 profit after tax was ₹16.0 Cr, up 100% year on year.net_profit

Profits on paper, cash lagging behind

Over the last 5 profitable years, the business reported ₹45.0 Cr of profit and collected ₹0.0 Cr of operating cash — about 0% conversion.operating_cash_flownet_profit

The wrinkle is the latest year: FY25 collected ₹−7.0 Cr against ₹23.0 Cr of reported profit — about -30%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit

The gap sits in receivables: customers now take 110 days to pay, up from 83. Profit booked, cash pending.debtor_days

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 265 days to go out the door as materials and come back as collected cash — up from 70 days the year before.cash_conversion_cycle

The biggest mover: inventory sitting longer in the warehouse (34 → 216 days).inventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹1.0 Cr (FY20) to ₹23.0 Cr, with another ₹1.0 Cr of capacity under construction right now.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹20.0 Cr) exceeded operating cash (₹−2.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹0 — total borrowings have shrunk from ₹2.0 Cr to ₹0.0 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹37 — a high-quality engine

Return on capital employed is 37.0% (a year ago: 48.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Promoters have trimmed their stake — 6.7 points over 8 quarters

Promoters hold 66.8% (down 6.7 points over 8 quarters). Foreign funds own 0.0%, domestic funds 0.2%.promoters_pctfiis_pctdiis_pct

A falling promoter stake is a red flag until explained — it can be a fund-raise or an exit; the difference matters.promoters_pct

Meanwhile domestic funds have been the sellers — from 4.2% to 0.2% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

A good business — the question is the price

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: profit rising (₹8.0 Cr → ₹16.0 Cr).net_profit

Biggest worry: free cash flow falling (₹2.0 Cr → ₹−21.0 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data