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Earnings Call

Concord Control Systems Earnings Call: Key Takeaways

Concord reports FY26 revenue of ₹210.47cr and PAT of ₹42.7cr, transitioning from a product manufacturer to a full-stack railway intelligence platform across propulsion, safety, and diagnostics.

Why this was an Alfa AlertNot a filter event. Management met guidance but did not explicitly state a material beat of over 5% on their own prior projections.
Highlights
Revenue growthFY26 revenue at ₹210.47cr, guidance of 40-50% CAGR forward.
MarginsTargeting 20-25% EBITDA margin; achieved ~30% in Q4.
Order book₹697cr, approximately 3.3 times FY26 revenue.
Demand visibilityStrong visibility through ₹697cr executable order book as of March 2026.
Management confidenceHigh; citing unprecedented order book visibility 3.3x FY26 revenue.

Growth

FY26 Revenue reached ₹210.47cr; EBITDA stood at ₹62.1cr. Executable order book grew significantly to ₹697cr.

Outlook

Guiding for 40-50% revenue CAGR; targeting 20-25% EBITDA margins. Expansion into Kavach 4.0 and green mobility.

Risks

Back-ended execution in Q4 causes elevated receivables and short-term working capital debt; dependency on railway tender cycles.

Source

Earnings Call filed with BSE, BSE: 543619. Summary written with AI assistance from the document.

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Concord Control Systems Ltd: key numbers

Share price
₹2,278.00
Market cap
₹2,305 Cr
Revenue (annual)
₹210.5 Cr
Net profit (annual)
₹42.40 Cr
P/E (TTM)
54.4×Sector 41.4×
Promoter holding
65.57%
FII holding
0.05%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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