Concord Control Systems Limite (CNCRD.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-103.3%

-₹85.90

vs ₹2,598.80 price

Levered DCF

-₹1,531.41

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

16.8

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	45.54×	30.09×	30.12×	75.16×	155.19×	210.26×	287.95×
P/B	9.24×	5.72×	8.35×	19.29×	54.85×	60.85×	85.98×
P/S	9.17×	5.48×	5.89×	8.31×	12.92×	17.18×	18.97×
EV / EBITDA	31.47×	20.45×	19.97×	51.82×	104.8×	134.03×	179.81×
Gross margin	36.1%	44.8%	32.7%	22.8%	18.6%	23.3%	23.3%
Operating margin	26.9%	22.5%	25.4%	14.6%	11.1%	11.3%	9.7%
Net margin	19.4%	18.2%	19.5%	11.1%	8.3%	8.2%	6.6%
Current ratio	2.7×	6.45×	3.58×	3.13×	1.72×	1.53×	1.49×
Debt / equity	0.26×	0×	0.06×	0.13×	0.42×	0.65×	0.63×
Interest coverage	26.76×	11.07×	114.43×	111.04×	32.97×	10.94×	16.61×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.6%	19.0%	27.7%	25.7%	35.4%	28.9%	29.9%
Return on invested capital	15.3%	18.4%	25.0%	21.8%	24.7%	18.2%	19.0%
Return on assets	13.0%	16.7%	21.3%	18.4%	17.9%	11.4%	12.5%
Free cash flow yield	-3.3%	0.7%	1.3%	-0.6%	0.1%	-0.0%	0.0%
Earnings yield	2.1%	3.3%	3.3%	1.3%	0.6%	0.5%	0.3%
Enterprise value	₹19.7B	₹6.7B	₹3.6B	₹4.1B	₹4.1B	₹3B	₹3B
Net debt / EBITDA	0.6×	-0.45×	-1.15×	0.31×	0.78×	1.39×	1.28×
Cash conversion cycle (days)	336	269	78	70	81	135	96