Updated Investor Presentation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Concord Control Systems shared an updated investor presentation covering strategic milestones and H1FY26 financials. Consolidated revenue grew 64% YoY to ₹81.55 Cr, EBITDA rose 53% to ₹21.73 Cr, and net profit jumped 85% to ₹16.02 Cr, though EBITDA margin dipped 189 bps to 26.65%. The order book stood at ₹313 Cr as of September 2025, up 47% from ₹212.54 Cr in March 2025. Key milestones include RDSO prototype clearance for Kavach 4.0, a ₹19.45 Cr Kavach order through associate Progota India, and an 80% acquisition of Fusion Electronics (flex PCB maker with ~₹200 Cr revenue potential). Management has guided for 40-50% revenue CAGR and 22-25% EBITDA margins over the next 3-5 years, targeting the ~₹47,450 Cr railway technology opportunity by FY30.
Strong H1 growth, expanding order book, and clear multi-year revenue targets are positive for the stock. However, the 189 bps EBITDA margin decline in H1FY26 and management's guidance of 22-25% margins (below the current 26.65%) signal some near-term margin pressure. Successful Kavach execution and Fusion Electronics integration remain key catalysts to watch.