Synopsis:
Concord Control Systems Limited wins the first ₹19.45 crore Kavach 4.0 order from Indian Railways. This safety system, 70% certified, positions Concord as a top Indian train protection provider.
This Mukul Agrawal stock, engaged in manufacturing electrical and electronic products, specializing in control panels, signaling equipment, and safety systems for railway and industrial applications, jumped 4 percent after receiving its first Kavach order worth Rs. 19.45 crore from Indian Railways
With a market capitalization of Rs. 1,697.95 crores, the share of Concord Control Systems Limited has reached an intraday high of Rs. 2,722.95 per equity share, rising nearly 4.31 percent from its previous day’s close price of Rs. 2,610.55. Since then, the stock has retreated and is currently trading at Rs. 2,694.95 per equity share.
What is the News?
Concord Control Systems Limited, through its associate company Progota India, has received its first order for the Kavach 4.0 system from Indian Railways. The order was worth Rs. 19.45 crore and will help improve railway safety by providing an automatic train protection system. With this, Concord becomes one of the few companies in India to offer a fully developed safety solution for trains.
The Kavach 4.0 system has already completed around 70 percent of the strict safety certification process required by Indian Railways. This achievement shows the company’s expertise and readiness to support safer and more efficient railway operations across the country.
Order Book
As of 31st March 2025, Concord Control Systems Limited’s order book reached Rs. 212.5 crore, up from Rs. 196.5 crore in the previous year. This indicates an increase of 8 percent, reflecting the company’s growing business and more projects in hand for the future.
Management Guidance
Concord Control Systems Limited has guided for a 40 percent to 50 percent annual revenue growth for 2026 and also guided for a 40 to 50 percent revenue CAGR over the next 3 to 5 years, aiming to reach strong growth and expand its market presence.
The company maintains EBITDA margins at 22 to 25 percent for strong profitability. Globally, the company positions itself as a full-service provider for the railway industry, develops ESG products like hydrogen and battery technologies, and drives competitiveness.
Company Overview
Concord Control Systems Limited was incorporated in 2011 and focuses on manufacturing and supplying coach-related and electrification products for Indian Railways and other railway contractors. It is an approved vendor for organizations like RDSO, CLW, and ICF, ensuring high-quality products and services.
The company is evolving from just a product supplier to a complete solution provider for Indian Railways. Concord Control Systems Limited has manufacturing facilities in Lucknow, Bengaluru, and Hyderabad.
Concord Control Systems Limited serves a wide range of clients, including Indian Railways and major public and private sector companies like L&T, Tata, Siemens, KEC International, Siemens, ABB, Alstom, and Progress Rail.
As of March 2025, Ace investor Mukul Mahavir Agrawal holds a 3.81 percent stake in Concord Control Systems Limited, valued at Rs. 64 crores, consisting of 2.40 Lakh shares.
Recent quarter results
Coming into financial highlights, Concord Control Systems Limited’s revenue has increased from Rs. 35 crore in H2 FY24 to Rs. 75 crore in H2 FY25, which has grown by 114.29 percent. The net profit has also grown by 100 percent from Rs. 7 crore in H2 FY24 to Rs. 14 crore in H2 FY25.
Concord Control Systems Limited’s revenue and net profit have grown at a Compound annual growth rate (CAGR) of 50.61 percent and 87.22 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE stands at 36.8 percent and ROE at 27.4 percent, respectively. Concord Control Systems Limited has an earnings per share (EPS) of Rs. 35.95, and it’s a debt-free company.
Written By – Nikhil Naik
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