Transcript of the Conference call held on May 25, 2026.
CEWATER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.4 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Concord Enviro Systems reported Q4 FY26 revenue of INR206 crores (flat YoY) with EBITDA margin declining sharply to 9% from 27.7% in Q4 FY25, impacted by INR43 crores revenue shortfall due to project delays. Full year FY26 revenue was INR557.8 crores (down 6.2% YoY) with EBITDA margin at 6.6% versus 14.6% in FY25. The company launched its H-Xtreme Heat Exchanger delivering 10-25% fuel savings and entered the steel sector with waste pickle liquor ZLD systems. Order book stands at INR536 crores with a pipeline of INR3,000 crores, and the company is L1 for INR143 crores orders including a major steel order. Management targets INR1,000 crores order intake for FY27 with 14-16% EBITDA margin guidance, though near-term challenges from Middle East geopolitical tensions and feedstock availability persist.
The sharp margin compression in FY26 reflects execution challenges and higher costs, but a strong order book and new product launches provide medium-term growth visibility. Management's lack of specific FY27 revenue guidance due to geopolitical uncertainty adds near-term caution.