Concord Control Systems LtdNSE:CNCRD
Current view Q4 2026
Makes electronics and safety systems for Indian Railways. Sales and profit nearly tripled on a fat order book and new Kavach approval - but the stock is pricey and profits came with heavy negative cash flow and rising debt.
Latest exchange filings last 5 · 5 after Q4 2026
- 15 Sep ’26Reg. 34 (1) Annual Report. 15 Sep ↗
- 8 Sep ’26Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep ↗
- 7 Sep ’2616th AGM on September 30, 2026 via VC/OAVM; FY2025-26 annual report submitted. ↗
- 7 Sep ’26Company announced remote e-voting for 16th AGM from Sept 26-29, 2026; cut-off date Sept 23, 2026. ↗
- 7 Sep ’26Board approved internal, cost and secretarial auditors for FY 2026-27 on 7 September 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +72.0% | +57.3% | +62.4% | +63.5% |
| Operating profit | ▲ +160.0% | +95.0% | +97.9% | +98.7% |
| EPS | ▲ +68.3% | +51.1% | +89.6% | −3.0% |
| PAT | ▲ +78.6% | +56.3% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +72.0%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
No score — no price data. The eight growth columns arrive with the quarter's Excel import; until then a number here would be invented.
How it compares with its rivals Railways · 6 of 130 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Concord Control | ₹2,290 | 56.1× | ₹2,378 Cr | 30.6% | +73.0% | +72.6% |
| Indo-MIM | ₹1,052 | 80.5× | ₹52,034 Cr | 25.0% | +31.6% | +9.4% |
| Aditya Infotech | ₹3,461 | 85.7× | ₹40,943 Cr | 28.6% | +332.5% | +89.5% |
| Syrma SGS Tech. | ₹1,743 | 90.6× | ₹33,601 Cr | 16.8% | +101.2% | +68.3% |
| Honeywell Auto | ₹35,725 | 56.5× | ₹31,581 Cr | 16.9% | +20.9% | +1.8% |
| Jyoti CNC Auto. | ₹1,053 | 74.4× | ₹23,937 Cr | 21.3% | −20.0% | +24.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Mar 2026
| Are the margins widening? | yes — widening, and steadily | operating margin 11% → 30% over 4.5 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | -71% last year, -2% over three · free cash flow −₹63 cr, positive in 2 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹54 cr — 0.26× its own equity (was 0.00×) |
| Is it being collected? | customers are taking longer to pay | 210 days to collect, up 100 in a year · cash cycle 374 days |
| Who has been buying? | the promoters have been selling | promoters 65.6% (−5.1 in a year), 73.5% → 65.6% over 3.4 years · FIIs 0.1% · DIIs 0.6% (+0.2) · shareholders 382 → 1,914 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 30.6% · ROE 25.8% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has delivered good profit growth of 97.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Against it
- Stock is trading at 11.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.23%
- Company has high debtors of 210 days.
- Working capital days have increased from 161 days to 228 days
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.