All Reports
Concord Control Systems
NSE: CONCORDCOSME
Current Price
₹2,578
Market Cap
₹2.68K Cr
full-stack Indian-Railways modernisation play
Report updated: 2026-05-18
fundamentalsinfo.comLive
Concord Control Systems
NSE: CONCORDCO· SME
Indian-Railways modernisation play — Kavach 4.0 ATP + DPWCS + Green-hydrogen locomotive propulsion. Founded 2011, BSE SME listed Oct 2022, mainboard migration in progress. FY26 consolidated revenue Rs.210 Cr (+69% YoY), EBITDA margin 29.5%, PAT Rs.42.7 Cr. Order book Rs.697 Cr (3.3x FY26 revenue). Ashish Kacholia + Mukul Agarwal among shareholders. Approved by RDSO, CLW, ICF.
Rs.2,578
Share price
Rs.2,676 Cr
Market cap
Rs.210 Cr
FY26 revenue (audited)
Rs.697 Cr
Order book (3.3x revenue)
63.9x
Trailing P/E
65.57%
Promoter holding
Stock Funda Summary
- Concord Control Systems is a founder-family-run, full-stack Indian-Railways modernisation platform.
- Built four pillars: Kavach 4.0 ATP safety, DPWCS heavy-haul wireless control, green-hydrogen + battery locomotive propulsion, AI-driven diagnostics (WILD, OCMS).
- FY26 revenue Rs.210 Cr (+69% YoY), EBITDA margin 29.5%, PAT Rs.42.7 Cr (+88%).
- Order book Rs.697 Cr = 3.3x FY26 revenue, with Rs.258 Cr of Kavach 4.0 wins in Q3-Q4 FY26 alone.
- Backed by Ashish Kacholia + Mukul Agarwal.
- BSE SME listed Oct 2022, mainboard migration in progress.
- Risks: P/E 63.9x prices in flawless execution, working capital exploded in FY26 (receivables 3.2x to Rs.121 Cr, borrowings 0 to Rs.54 Cr), FII / DII near zero, stock +7,230% over 5 yrs.
- Q1 FY27 cash-flow normalisation is the single most important checkpoint.