CONCORD ENVIRO SYSTEMS L CEWATER NSEINFRA

Utilities · Utilities - Regulated Water · India

https://www.concordenviro.in

Concord Enviro Systems Limited engages in providing water and wastewater treatment, and reuse solutions. It offers effluent treatment plants, anaerobic digestors, membrane bio-reactors, and sewage treatment plants; and membrane-based systems, such as ultra-filtration, nano-filtration, reverse osmosis, desalination systems, waste heat evaporators, and rehabilitation and modification services. The company also provides plant operations and maintenance; consumables and spare parts, including membranes, plants chemicals, and consumables; and compressed biogas plants installation services, as well as zero liquid discharge systems and plants. It serves customers in pharmaceuticals, chemicals, distillery, food and beverage, automobiles, leachate, steel, textiles, oil and gas, tanneries, cement, paper, paint, electronics, mining and minerals, real estate, and sea water desalination solutions industries in Asia, Africa, Latin America, and Europe. The company was founded in 1992 and is based in Mumbai, India.

Market & Price

Market Cap

₹585.70 Cr

Current Price

₹283.00

High / Low (52W)

₹636.25 / ₹241.25

Beta

Valuation

Stock P/E

25.70

Industry PE

25.70

Forward P/E

PEG Ratio

Book Value

₹276.19

Price to Book

1.02

P/S

1.05

EV/EBITDA

18.15

Dividend Yield

Profitability & Returns

ROCE

7.73%

ROE

4.12%

ROA

1.39%

Profit Margin

3.54%

Op Margin

6.52%

EPS (Latest Qtr)

₹6.84

EPS (TTM)

₹11.01

Balance Sheet & Liquidity

Debt/Equity

0.29

Quick Ratio

1.12

Current Ratio

2.00

Debt

₹167.36 Cr

Total Assets

₹951.84 Cr

Current Assets

₹699.09 Cr

Working Capital

₹350.28 Cr

Ownership

Promoter Holding

68.47%

Chg in Prom Hold

FII / Inst Holding

9.86%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹687.21 Cr

Total Revenue (TTM)

₹557.86 Cr

EBITDA

₹37.86 Cr

Free Cash Flow

₹-83.52 Cr

Operating Cash Flow

₹-23.17 Cr

Shares Outstanding

₹2.07 Cr

Gross Margin

37.79%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

17.82%

Profit 5Y

53.27%

Revenue (YoY)

-0.50%

Earnings (YoY)

-69.10%

PROS

Compounding revenue at 17.8% over 5 years.
Profit CAGR of 53.3% over 5 years.

CONS

Trading 55.5% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CEWATER CONCORD ENVIRO SYSTEMS L NSEINFRA	283.00	25.70	₹585.70 Cr	-	7.73%	4.12%	17.82%	53.27%
2	ADANIPOWER Adani Power Limited NSEINFRA	243.37	36.76	₹4.69 L Cr	-	15.47%	20.91%	12.57%	6.16%
3	NTPC NTPC Limited NIFTY50NSEINFRAPSU	386.90	12.71	₹3.75 L Cr	2.93%	9.27%	13.69%	2.49%	16.95%
4	POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU	290.55	14.45	₹2.70 L Cr	4.22%	10.70%	16.49%	2.02%	1.09%
5	ADANIGREEN Adani Green Energy Limited NSEINFRA	1,475.40	153.85	₹2.43 L Cr	-	6.51%	7.58%	18.47%	19.26%
6	ADANIENSOL Adani Energy Solutions Limited NSEINFRA	1,513.30	81.32	₹1.82 L Cr	-	8.72%	9.66%	28.29%	22.02%
7	ENRIN Siemens Energy India Limited NSEINFRA	3,872.10	105.28	₹1.38 L Cr	0.10%	29.23%	-	63.51%	83.35%
8	TATAPOWER Tata Power Company Limited NSEAIINFRA	420.75	35.96	₹1.34 L Cr	0.59%	8.76%	11.34%	4.88%	3.95%
9	JSWENERGY JSW Energy Limited NIFTY_MIDNSEINFRA	595.05	46.74	₹1.09 L Cr	0.34%	7.51%	8.82%	24.01%	14.86%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	206.99 Cr	102.39 Cr	124.84 Cr	124.58 Cr	206.04 Cr
Cost of Revenue	-	-	109.94 Cr	59.98 Cr	74.93 Cr	76.32 Cr	131.59 Cr
Gross Profit	-	-	97.05 Cr	42.41 Cr	49.91 Cr	48.25 Cr	74.45 Cr
Operating Expenses	-	-	41.57 Cr	46.84 Cr	45.97 Cr	48.20 Cr	61.01 Cr
Operating Income	-	-	55.48 Cr	-4.43 Cr	3.95 Cr	4.70 L	13.44 Cr
EBITDA	-	-	60.91 Cr	13.87 Cr	13.40 Cr	2.37 Cr	28.40 Cr
Interest Expense	-	-	5.51 Cr	4.51 Cr	4.85 Cr	6.01 Cr	5.55 Cr
Pretax Income	-	-	51.98 Cr	5.81 Cr	4.84 Cr	-7.90 Cr	17.78 Cr
Tax Provision	-	-	3.49 Cr	67.10 L	-46.50 L	-39.60 L	3.10 Cr
Net Income	-	-	47.13 Cr	4.12 Cr	4.49 Cr	-8.18 Cr	14.15 Cr
Diluted EPS	8.36	-	22.77	1.99	2.17	-3.96	6.84

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	341.06 Cr	494.77 Cr	594.44 Cr	557.86 Cr
Cost of Revenue	-	175.23 Cr	247.78 Cr	341.66 Cr	347.04 Cr
Gross Profit	-	165.83 Cr	247.00 Cr	252.78 Cr	210.82 Cr
Operating Expenses	-	132.25 Cr	129.31 Cr	170.98 Cr	190.76 Cr
Operating Income	-	33.58 Cr	117.69 Cr	81.80 Cr	20.06 Cr
EBITDA	-	49.81 Cr	135.88 Cr	100.84 Cr	64.45 Cr
Interest Expense	-	17.92 Cr	15.34 Cr	20.52 Cr	20.93 Cr
Pretax Income	-	7.55 Cr	98.67 Cr	64.47 Cr	25.71 Cr
Tax Provision	-	2.07 Cr	2.56 Cr	6.27 Cr	2.92 Cr
Net Income	-	5.49 Cr	41.44 Cr	51.49 Cr	19.76 Cr
Diluted EPS	7.96	2.65	20.02	27.29	-

Compounded Sales Growth

5 Years:	17.82%
1 Year:	-0.50%

Compounded Profit Growth

5 Years:	53.27%
1 Year:	-69.10%

Stock Price Performance

1 Year:	-52.38%
6 Months:	-29.44%
3 Months:	-11.76%
1 Month:	-14.51%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	592.22 Cr	627.67 Cr	848.71 Cr	951.84 Cr
Current Assets	-	372.59 Cr	436.81 Cr	617.45 Cr	699.09 Cr
Cash & Equivalents	-	60.26 Cr	18.26 Cr	25.19 Cr	53.24 Cr
Inventory	-	149.93 Cr	153.99 Cr	172.67 Cr	219.65 Cr
Receivables	-	105.87 Cr	171.36 Cr	173.93 Cr	264.13 Cr
Total Liabilities	-	311.26 Cr	305.12 Cr	315.03 Cr	380.27 Cr
Current Liabilities	-	245.19 Cr	268.88 Cr	291.36 Cr	348.81 Cr
Long Term Debt	-	33.10 Cr	22.82 Cr	8.05 Cr	4.34 Cr
Total Debt	-	170.47 Cr	158.62 Cr	134.16 Cr	167.36 Cr
Total Equity	-	280.96 Cr	322.55 Cr	533.67 Cr	571.57 Cr
Shares Outstanding	-	2.07 Cr	2.07 Cr	2.07 Cr	2.07 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	117.36 Cr	-34.67 Cr	4.75 Cr	-23.16 Cr
Investing Cash Flow	-	-49.83 Cr	-3.27 Cr	-122.34 Cr	52.71 Cr
Financing Cash Flow	-	-26.88 Cr	-4.07 Cr	124.54 Cr	-1.49 Cr
Capital Expenditure	-	-5.24 Cr	-9.91 Cr	-25.76 Cr	-20.55 Cr
Free Cash Flow	-	112.12 Cr	-44.58 Cr	-21.01 Cr	-43.71 Cr
Net Change in Cash	-	40.65 Cr	-42.00 Cr	6.95 Cr	28.06 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	48.6%	49.9%	42.5%	37.8%
Operating Margin %	-	9.8%	23.8%	13.8%	3.6%
Net Margin %	-	1.6%	8.4%	8.7%	3.5%
ROE %	-	2.0%	12.8%	9.6%	3.5%
ROCE %	-	9.7%	32.8%	14.7%	3.3%

Shareholding Pattern

Insiders

68.47%

Institutions

9.86%

Public Float

31.29%

Analyst View

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CEWATER · Utilities