New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (60% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹2,938, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 29x in the Electrical industry in India. Total returns to shareholders of 1,715% over the past three years. Reported Earnings • May 15
Full year 2026 earnings released: EPS: ₹41.75 (vs ₹23.21 in FY 2025) Full year 2026 results: EPS: ₹41.75 (up from ₹23.21 in FY 2025). Revenue: ₹2.14b (up 72% from FY 2025). Net income: ₹424.0m (up 87% from FY 2025). Profit margin: 20% (up from 18% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 07
Concord Control Systems Limited to Report Second Half, 2026 Results on May 13, 2026 Concord Control Systems Limited announced that they will report second half, 2026 results on May 13, 2026 Aankondiging • Jan 29
Concord Control Systems Limited announced that it has received INR 500.85 million in funding from Sanshi Fund - I On January 28, 2026. Concord Control Systems Limited announces that it has closed the transaction. Aankondiging • Nov 25
Concord Control Systems Limited announced that it expects to receive INR 500.85 million in funding from SageOne Flagship Growth Open-Ended, Sanshi Fund - I and another investor Concord Control Systems Limited announced a private placement of up to 238,500 common shares at a price of INR 2,100 per share for gross proceeds of INR 500,850,000 on November 25, 2025. The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors SageOne Flagship Growth Open-Ended, Sanshi Fund - I, Ashish Rameshchandra Kacholia. Aankondiging • Oct 31
Concord Control Systems Limited to Report First Half, 2026 Results on Nov 05, 2025 Concord Control Systems Limited announced that they will report first half, 2026 results on Nov 05, 2025 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,803, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 2,329% over the past three years. Reported Earnings • Sep 14
Full year 2025 earnings released: EPS: ₹37.13 (vs ₹21.97 in FY 2024) Full year 2025 results: EPS: ₹37.13 (up from ₹21.97 in FY 2024). Revenue: ₹1.24b (up 90% from FY 2024). Net income: ₹226.5m (up 77% from FY 2024). Profit margin: 18% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Aankondiging • Sep 10
Concord Control Systems Limited, Annual General Meeting, Sep 30, 2025 Concord Control Systems Limited, Annual General Meeting, Sep 30, 2025, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹2,438, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 23% over the past year. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹2,004, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 49% over the past year. Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹37.13 (vs ₹21.97 in FY 2024) Full year 2025 results: EPS: ₹37.13 (up from ₹21.97 in FY 2024). Revenue: ₹1.28b (up 95% from FY 2024). Net income: ₹226.5m (up 77% from FY 2024). Profit margin: 18% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Aankondiging • May 10
Concord Control Systems Limited to Report Second Half, 2025 Results on May 14, 2025 Concord Control Systems Limited announced that they will report second half, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,331, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 40x in the Electrical industry in India. Total returns to shareholders of 76% over the past year. Aankondiging • Apr 01
Concord Control Systems Limited (BSE:543619) agreed to acquire remaining 10% stake in Advanced Rail Controls Private Limited. Concord Control Systems Limited (BSE:543619) agreed to acquire remaining 10% stake in Advanced Rail Controls Private Limited on March 31, 2025. Upon completion, Concord Control Systems Limited will own 100% stake in Advanced Rail Controls Private Limited. The transaction will include a combination of cash consideration and/or share swap arrangement.
The deal has been approved by the board of Concord Control Systems Limited. The transaction is expected to close in six months. New Risk • Mar 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (45% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (₹7.59b market cap, or US$88.6m). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,065, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,273, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 59% over the past year. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). New Risk • Jan 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.33b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Market cap is less than US$100m (₹8.33b market cap, or US$96.5m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹1,322, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 44x in the Electrical industry in India. Total returns to shareholders of 53% over the past year. New Risk • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Aankondiging • Nov 09
Concord Control Systems Limited to Report Q2, 2025 Results on Nov 14, 2024 Concord Control Systems Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Aankondiging • Oct 26
Concord Control Systems Limited Announces Resignation of Lavisha Wadhwani as Company Secretary and Compliance Officer Concord Control Systems Limited informed that Ms. Lavisha Wadhwani, has resigned as a Company Secretary & Compliance Officer, from the Company from the Close of business hours on October 25, 2024 citing certain personal reasons. Ms. Lavisha Wadhwani has confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter. Aankondiging • Sep 03
Concord Control Systems Limited, Annual General Meeting, Sep 30, 2024 Concord Control Systems Limited, Annual General Meeting, Sep 30, 2024, at 11:30 Indian Standard Time. Aankondiging • Sep 02
Concord Control Systems Limited announced that it expects to receive INR 500.00104 million in funding Concord Control Systems Limited announced a private placement to issue 318,472 shares at an issue price of INR 1,570 per share for the gross proceeds of INR 500,001,040 on September 2, 2024. The transaction will include participation from new investors Ashish Rameshchandra Kacholi 76,433 shares, Opuleny Advisors and Consultants LLP 70,064 shares, Asha Mukul Agrawal 95,542 shares and Everest Finance & Investment Co. 76,433 shares. The transaction has been approved by shareholders and is subject to general shareholders to be held on September 30, 2024. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,479, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 54x in the Electrical industry in India. Total returns to shareholders of 313% over the past year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,295, the stock trades at a trailing P/E ratio of 60.5x. Average trailing P/E is 53x in the Electrical industry in India. Total returns to shareholders of 350% over the past year. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (₹4.95b market cap, or US$59.3m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹828, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 45x in the Electrical industry in India. Total returns to shareholders of 204% over the past year. Aankondiging • May 24
Concord Control Systems Limited to Report Second Half, 2024 Results on May 28, 2024 Concord Control Systems Limited announced that they will report second half, 2024 results on May 28, 2024 Aankondiging • May 03
Concord Control Systems Limited (BSE:543619) agreed to acquire 66.66% stake in Advanced Rail Controls Private Limited for INR 70 million Concord Control Systems Limited (BSE:543619) agreed to acquire 66.66% stake in Advanced Rail Controls Private Limited for INR 70 million on May 2, 2024. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹728, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 40x in the Electrical industry in India. Total returns to shareholders of 177% over the past year. New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (69% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (₹3.80b market cap, or US$45.5m). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹728, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 222% over the past year. Aankondiging • Feb 07
Concord Control Systems Limited Announces Resignation of Harsh Sachdev as an Independent Director from the Board of Directors Concord Control Systems Limited announced that Mr. Harsh Sachdev has resigned as an Independent Director, from the Board of Directors of the Company from the close of business hours on February 06, 2024 citing certain personal reasons, and the Board of Directors at their meeting held on February 06, 2024, have accepted the same. New Risk • Oct 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (69% accrual ratio). Minor Risks Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (₹3.54b market cap, or US$42.6m). Aankondiging • Oct 26
Concord Control Systems Limited announced that it has received INR 121.5 million in funding Concord Control Systems Limited closed the placement on October 24, 2023. Aankondiging • Sep 15
Concord Control Systems Limited announced that it expects to receive INR 121.5 million in funding Concord Control Systems Limited announced a private placement of 270,000 equity shares at an issue price of INR 450 per share of face value of INR 10 each at a premium of INR 440 for the gross proceeds of INR 121,500,000 to the allottees on a preferential issue basis on September 13, 2023 The transaction has been approved by the shareholders of the company. The transaction will include participation from individual investors Mukul Mahavir Agrawal of Param Capital for 2,40,000 shares and Megha Jain for 30,000 shares. Reported Earnings • Sep 12
Full year 2023 earnings released: EPS: ₹10.73 (vs ₹6.17 in FY 2022) Full year 2023 results: EPS: ₹10.73 (up from ₹6.17 in FY 2022). Revenue: ₹493.5m (up 56% from FY 2022). Net income: ₹53.0m (up 105% from FY 2022). Profit margin: 11% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Aankondiging • Sep 08
Concord Control Systems Limited, Annual General Meeting, Sep 29, 2023 Concord Control Systems Limited, Annual General Meeting, Sep 29, 2023, at 16:00 Indian Standard Time. Location: Sagar Sona, Eldeco Greens, GomtiNagar, Lucknow, Uttar Pradesh, 226010, Indi Nagar, Lucknow, Uttar Pradesh, 226010, India Lucknow India Agenda: To consider and approve the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023; to consider and approve the appointment of a Director in place of Mr. Nitin Jain who retire by rotation and being eligible offers himself for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹353, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 32x in the Electrical industry in India. New Risk • Jul 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 54% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹1.57b market cap, or US$19.1m). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹310, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 27x in the Electrical industry in India. Aankondiging • May 22
Concord Control Systems Limited (BSE:543619) agreed to acquire 26% stake in Progota India Private Limited for INR 45 million. Concord Control Systems Limited (BSE:543619) agreed to acquire 26% stake in Progota India Private Limited for INR 45 million on May 20, 2023. The acquisition was approved by the Board of Directors of Concord Control Systems Limited on May 20, 2023. Post the completion of the transaction Progota will operated as a associate company of Concord. Progota generated revenue of approximately INR 4 million in 2022. The acquisition is expected to close in next two months. Aankondiging • May 13
Concord Control Systems Limited to Report Second Half, 2023 Results on May 20, 2023 Concord Control Systems Limited announced that they will report second half, 2023 results on May 20, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹248, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 20x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹180, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 22x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹223, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 22x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 20% share price gain to ₹214, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 21x in the Electrical industry in India. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Harsh Yadav was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 06
Concord Control Systems Limited to Report First Half, 2023 Results on Nov 14, 2022 Concord Control Systems Limited announced that they will report first half, 2023 results on Nov 14, 2022 Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Harsh Yadav was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
