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Concord Control Systems share price & results

Concord Control Systems Limited· Capital Goods· Industrials

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Makes railway coach, electrification, safety (Kavach) and propulsion-control products for Indian Railways.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue129 ₹ crore+72.0% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin28.0 %+7.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit25.0 ₹ crore+78.6% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−2.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-29.78 %−22.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−21.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 6 open · verdicts reflect calls analysed to Q4 FY26.

Concord Control Systems Limited management guidance track record on Inve: 7 targets tracked across analysed earnings calls (0 achieved, 1 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Main Board Migrationcomplete three years on the exchange before migrating to any larger platform, which we will be completing on October 10, 2025.
Call transcript, Q4 FY25 · 15 May 2025		Q4 FY25Q4 FY26:The target date of October 10, 2025 has passed. There was no mention of the main board migration in the Q4 FY26 call. The company remains on the SME platform as of May 2026.
Call transcript, Q4 FY26 · 14 May 2026		Missed
EBITDA Marginssustain and maintain our EBITDA margins in the range of 22% to 25%
Call transcript, Q4 FY25 · 15 May 2025		Q4 FY25Q4 FY26:FY26 EBITDA margin was 29.5%, significantly exceeding the target range. However, management revised future guidance down to 20-25%, lowering the bottom end of the range.
Call transcript, Q4 FY26 · 14 May 2026		Revised Down
Revenue Growth40% to 50% in our revenue on year-on-year basis as well as from a CAGR perspective for the next three to five years.
Call transcript, Q4 FY25 · 15 May 2025		Q4 FY25Q4 FY26:FY26 revenue grew ~90% YoY to ₹210.47 cr. Management reiterated the 40-50% CAGR guidance. With a ₹697 cr order book (3.3x FY26 revenue), the company is well-positioned to meet this.
Call transcript, Q4 FY26 · 14 May 2026		On Track

Source: Inve Guidance Tracker for Concord Control Systems Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Concord Control Systems Limited's 7 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 4 more targets are in the full ledger.

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Price

₹2,341 −2.94% · −₹71

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +40.5% 1Y

₹2.0k₹2.5k₹3.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 6 Nov 2025Q4 FY26 — 14 May 2026

1Y: ₹1,666.3 on 24 Oct 2025 → ₹2,341. High ₹3,018 (4 Jun 2026), low ₹1,666.3 (24 Oct 2025).

Previous close
₹2,412
Market cap
₹2.7k Cr
52-week range
₹1,691.5 – ₹3,018
One year
+38.40%
Price to earnings (FY ending Mar 2026)
63.71×
Return on equity (FY ending Mar 2026)
25.61%

Overview

Symbol
NSE:CNCRD
Industry
Industrials
Exchange
NSE
Currency
INR

What Concord Control Systems Limited does

Based on the company's own presentations, annual report and earnings calls.

Concord Control Systems designs, manufactures and supplies railway coach and electrification equipment - inter-vehicular couplers, emergency lighting systems, brushless DC carriage fans, exhaust fans, cable jackets and battery chargers - as an RDSO/CLW/ICF-approved vendor to Indian Railways and its production units. It has since expanded into railway safety and control systems, including the Kavach 4.0 Automatic Train Protection system, Multi Section Digital Axle Counters (MSDAC), Distributed Power Wireless Control Systems (DPWCS) for heavy-haul freight, and onboard/track diagnostic sensors such as the Wheel Impact Load Detector (WILD) and overhead-line condition monitoring (OCMS/PANTOhealth). Through its subsidiary Fusion Electronics it also manufactures flexible PCBs and electronics assemblies for automotive and industrial OEMs, and through associates Progota India and (merged) Advanced Rail Controls it has entered locomotive propulsion technology and Kavach deployment. Manufacturing is carried out across units in Lucknow, Bengaluru and Hyderabad, supported by an in-house R&D and testing team.

Segments

  • Coach & electrification products
  • Railway safety & control systems
  • Smart locomotive & diagnostics
  • Electronics manufacturing (Fusion Electronics)
Manufacturing facilities
3 units - Lucknow (UP), Bengaluru (Advanced Rail Controls), Hyderabad (Progota India)
In-house R&D engineers
100+
Approved vendor status
RDSO, CLW and ICF approved vendor to Indian Railways
Quality certification
ISO 9001:2015 certified (TUV-SUD South Asia)
Lucknow manufacturing area
1,880+ sq. meters combined (two units)
Fusion Electronics installed capacity
200,000 sq. m annual flex-PCB manufacturing capacity
Founded 2011Headquarters Lucknow, Uttar Pradesh, India Company website

How the price took the results

close before → close after

Q4 FY26
−3.2%
14 May
Q2 FY26
−3.7%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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