Concord Control Systems Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹2,528 Cr
- P/E
- 60.01
- ROE
- 25.65%
- PEG
- 0.62
- Price to sales
- 12.02
- Debt to equity
- 0.26
- 52W high / low
- ₹3,018 / ₹1,774
- Sales growth (5Y)
- 64.39%
- EBITDA margin
- 28.99%
- Net profit margin
- 20.23%
- Promoter holding
- 63.91%
- Sales (last year)
- ₹210 Cr
Incorporated in 2011, Concord Control Systems Ltd is in the business of Electrical Machinery for Indian Railways and allied products[1]
Guidance scorecard · Q4 FY26 call
What Concord Control Systems Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ4 FY26 call
40%+- FY26 was a landmark year with revenue of INR 210.47 crores and a strong executable order book of INR 697 crores, over three times FY26 revenue.
- The company expects a robust growth trajectory with 40%-50% revenue CAGR going forward.
- Improved execution capabilities to handle the sizable order backlog and sustain growth.
- Transitioning from product-led sales to diversified revenue streams, including maintenance contracts, software, IP-led offerings, and lifecycle services.
- Expansion into new domains like propulsion battery systems, green mobility, and integrated railway technology platforms.
- Strategic acquisitions, such as Fusion Electronics, are expected to contribute revenue and help move up the value chain.
2 more points from Concord Control Systems Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Concord Control Systems Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Concord is focused on building more execution capabilities to support order execution and growth.
- They have made a strategic acquisition of Fusion Electronics, enhancing their manufacturing capabilities in flexible PCBs and premium EMS, critical for next-gen railway electronics.
- Fusion Electronics is undergoing a turnaround with a capacity to generate around INR 200 crores revenue at full scale.
- The company plans to double installed capacities going forward to support growth.
- Investments are also directed towards developing advanced technologies related to propulsion, safety systems (like Kavach), diagnostics, AI-driven sensing, and green sustainable mobility (battery, hydrogen, hybrid propulsion).
2 more points from Concord Control Systems Ltd's call on capex
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FundraisingQ4 FY26 call
See what Concord Control Systems Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of March 31, 2026, Concord Control Systems Limited's executable order book stands at approximately INR 697 crores, which is more than three times their FY26 revenue of INR 210.47 crores.
- The order execution cycle is typically 18 to 24 months, with strong execution capabilities expected to maintain growth.
- The company has a sizable order book to execute in FY27 and expects to convert a significant portion (around 70-75%) of orders into revenue.
- A large order book provides strong visibility and confidence for future growth with continuous new order wins.
2 more points from Concord Control Systems Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | Concord ControlThis stock | 40%+ | Flat | ₹2,580 Cr | 61.2 |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Concord Control Systems Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Concord Control Systems Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Concord Control Systems Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 16 | 18 | 32 | 49 | 65 | 124 | 210 |
| Expenses + | 14 | 15 | 28 | 42 | 48 | 95 | 151 |
| Operating Profit | 2 | 2 | 4 | 8 | 17 | 29 | 59 |
| OPM % | 11% | 13% | 12% | 16% | 26% | 23% | 28% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 3 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 4 |
| Profit before tax | 1 | 2 | 3 | 7 | 17 | 28 | 57 |
| Tax % | 28% | 24% | 24% | 26% | 26% | 20% | 28% |
| Net Profit + | 1 | 1 | 3 | 5 | 13 | 23 | 41 |
| EPS in Rs | 35.00 | 47.67 | 88.00 | 5.99 | 13.34 | 22.43 | 40.83 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Financials of Concord Control Systems Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 6 | 6 | 6 | 10 |
| Reserves | 3 | 5 | 7 | 16 | 40 | 113 | 199 |
| Borrowings + | 2 | 3 | 3 | 3 | 3 | 0 | 54 |
| Other Liabilities + | 3 | 4 | 4 | 6 | 11 | 16 | 52 |
| Total Liabilities | 8 | 13 | 15 | 30 | 60 | 136 | 315 |
| Fixed Assets + | 1 | 1 | 2 | 2 | 3 | 23 | 44 |
| CWIP | -0 | -0 | -0 | -0 | -0 | 1 | 1 |
| Investments | -0 | -0 | 0 | 2 | 4 | 7 | 24 |
| Other Assets + | 7 | 11 | 12 | 26 | 53 | 105 | 245 |
| Total Assets | 8 | 13 | 15 | 30 | 60 | 136 | 315 |
Financials of Concord Control Systems Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 0 | 2 | -2 | 7 | -7 | -55 |
| Cash from Investing Activity + | -1 | -0 | -1 | -1 | -5 | -14 | -45 |
| Cash from Financing Activity + | 0 | 0 | -0 | 8 | -2 | 21 | 104 |
| Net Cash Flow | 0 | 0 | 0 | 4 | 0 | 0 | 4 |
| Free Cash Flow | 0 | 0 | 1 | -2 | 6 | -10 | -63 |
| CFO/OP | 54% | 38% | 64% | 1% | 71% | -5% | -71% |
Financials of Concord Control Systems Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 89 | 157 | 34 | 67 | 83 | 110 | 210 |
| Inventory Days | 67 | 71 | 95 | 32 | 34 | 216 | 313 |
| Days Payable | 74 | 108 | 46 | 29 | 48 | 61 | 148 |
| Cash Conversion Cycle | 83 | 120 | 82 | 70 | 70 | 265 | 374 |
| Working Capital Days | 50 | 75 | 48 | 80 | 61 | 194 | 228 |
| ROCE % | 30% | 38% | 43% | 48% | 37% | 31% |
Guidance history
How Concord Control Systems Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
64 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +40.9% | 82% |
| Last 6 months | −3.5% | 47% |
| Last 3 months | −2.7% | 59% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Concord Control Systems Ltd: 0.4 × 82 + 0.4 × 47 + 0.2 × 59 = 64.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Concord Control Systems Ltd's management said in earlier quarters
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