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Prices as of 8 Oct 2026 close · Not investment advice

Concord Enviro Systems Limited

NSE: CEWATERWaste Management

Share price

₹254.80

-2.36% close of 8 Oct 2026

Market cap ₹510 CrP/E —

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

40

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹510 Cr

P/E ratio

—

P/B ratio

0.9

ROCE

6.8%

ROE

3.6%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹501.3052-week low ₹241.25

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 9.0% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 16.2% to -0.2% over the last two years.

Whether it grew faster than its sector

It grew -1.3% a year against a sector median of 13.4% — 14.7 percentage points slower.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
Concord Enviro Systems Limited — this one54%/yr——
Refex Industries Limited28%/yr12.2×₹0.44
EMS Limited-6%/yr26.5×—
Antony Waste Handling Cell Limited3%/yr15.8×₹5.3
Eco Recycling Limited79%/yr32.6×₹0.41
Race Eco Chain Limited73%/yr21.5×₹0.29

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Waste Management), it ranks 6 of 6 on returns, 6 of 6 on growth, 5 of 6 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 6.8% on capital, ahead of 0% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹113 crore of cash from the business and spent ₹89 crore on plant and equipment, with ₹24 crore to spare; it still raised ₹81 crore from shareholders — borrowings did not rise. And the profit is real: of every 100 rupees it reported over 7 years, about 117 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 120 days for its cash to waiting 186 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹85 Cr

Revenue vs last year

-16.3%

Revenue vs last quarter

-58.6%

Net profit

-₹18 Cr

Profit vs last year

-539.2%

Profit vs last quarter

-225.5%

Net margin

-20.6%

EPS

₹-8.49

Earnings call transcript · 12 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹510 Cr
Prev close
₹254.80
52w High
₹508
52w Low
₹235
Enterprise value
₹628 Cr
Beta
1.5
Price CAGR 1y
-48.0%
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
2.1%
PEG ratio
—
P/E ratio
—
P/B ratio
0.9
EV / EBITDA
19.3
Industry P/E
23.1
ROCE
6.8%
ROCE 5y average
12.6%
ROE
3.6%
Debt / Equity
0.3
Interest coverage
2.0
Dividend yield
0.0%
ROE 3y average
9.0%
ROE last year
4.0%

Annual P&L

Annual revenue
₹558 Cr
Annual profit
₹20 Cr
Operating margin
7.0%
Net profit margin
3.6%
EBITDA margin
6.5%
Sales growth 3y
17.6%
Sales growth 5y
9.9%
Profit growth 3y
54.0%
Profit growth 5y
0.0%
EPS
₹9.6
Sales growth TTM
-9.0%
Profit growth TTM
-107.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹85 Cr
Profit latest quarter
-₹18 Cr
YoY quarterly sales growth
-16.6%
YoY quarterly profit growth
-550.0%
OPM latest quarter
-18.7%

Balance Sheet

Book Value
₹286
Face Value
₹5.0
Total debt
₹167 Cr
Total cash
₹66 Cr
Borrowings
₹167 Cr
Reserves / Equity
56.1

Cash Flow

Operating cash flow
-₹23 Cr
Free cash flow
-₹44 Cr
FCF yield
-12.9%
Net cash flow
₹28 Cr

Shareholding

Promoter holding
51.4%
FII holding
0.4%
DII holding
7.2%
Public holding
41.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Refex Industries266.3512.83,6530.5664.6145.4916.3160.422.7
EMS328.9526.81,8260.4615.5-59.1157.2-34.212.8
Antony Waste han348.7016.99860.140.7-95.7261.05.511.2
Namo eWaste372.8559.58530.007.4135.9107.329.321.3
Eco Recyc.424.2534.18190.249.211.216.275.230.8
Effwa Infra341.5027.67900.2918.520.3163.131.329.3
Z-Tech (India)471.5019.07010.004.133.229.142.320.0
Concord Enviro260.955400.00-17.6-433.585.4-16.66.8
Median266.3521.47010.007.420.3107.329.318.8

Competes with: Antony Waste Handling Cell Limited, EMS Limited, Eco Recycling Limited, Race Eco Chain Limited, Refex Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9712320010316212320710212512520685
Expenses75100161100135119149104117121188101
Material Cost794361807338
Change in Inventories-0.55-0.39-12-2629-1.36
Purchases of Stock-in-Trade2110127.01162.88
Employee Cost232426273630
Other Expenses262730333530
Operating Profit232339327358-17318-16
OPM %2319203.12172.7828-1.1662.778.98-19
Other Income17-1-0-0-31145-296
Exceptional items (within Other Income)000-5.185.180
Interest544556655665
Depreciation653233344455
Profit before tax122131-419-85154-917-20
Tax %-2101011010714-12-518-13
Net Profit121928-417-94744-814-18
EPS in Rs6.811015-2.409.51-4.14231.992.17-3.956.84-8.49
Diluted EPS in Rs221.992.17-3.966.84-8.49

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales383348329343497594558541
Expenses308285275299379501522527
Material Cost241257
Change in Inventories6.74-9.26
Purchases of Stock-in-Trade5145
Employee Cost85107
Other Expenses118122
Operating Profit75635544118933613
OPM %20181713241672.50
Other Income2598-40-22519
Exceptional items (within Other Income)00
Interest4321202018222221
Depreciation2225252416111718
Profit before tax1223198445823-7
Tax %3715112761113
Net Profit820165415120-7
EPS in Rs2,4956,2893,8693.0223259.55-3.43
Diluted EPS in Rs249.55
Dividend Payout %0000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
10%
3 years
18%
TTM
-9%

Compounded profit growth

10 years
—
5 years
0%
3 years
54%
TTM
-107%

Stock price CAGR

10 years
—
5 years
—
3 years
—
1 year
-48%

Return on equity

10 years
—
5 years
8%
3 years
9%
Last year
4%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.310.310.4399.101010
Reserves-20-11268272313523561
Borrowings404367171170159134167
Other Liabilities13716297141146181213
Total Liabilities521518537592628849952
Fixed Assets100156149139104107136
CWIP5800274
Investments2002256606693
Other Assets396353366397462669719
Total Assets521518537592628849952

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity146249117-354.75-23
Cash from Investing Activity-12-23-28-50-3-12253
Cash from Financing Activity-1-33-12-27-4125-1
Net Cash Flow27941-42728
Free Cash Flow-04121112-45-21-44

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days141160142113126107173
Inventory Days326253355377254184231
Days Payable205180195218191146171
Cash Conversion Cycle263232302271189145233
Working Capital Days-143-14412048100145186
ROCE %1210625157

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51515151515151
FIIs3.621.590.950.940.261.280.37
DIIs15151211117.257.21
Public30323536384041
No. of Shareholders60,16056,04256,09254,56451,50849,70849,680

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -48.4% (₹493.40 → ₹254.80)Brick size ₹11.95 (fixed)Bricks 84
₹300₹400₹500₹255Dec '25Feb '26Apr '26Jun '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹254.80 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Concord Enviro Systems Limited. Open one to see why it matters.

1 Oct, 18:00 IST · Company event · medium impact

Concord Enviro Systems Limited — Pursuant to Regulation 30 read with Part A(B) of Schedule III of SEBI LODR Regulations, 2015, we are pleased to inform you that, Rochem Separation Systems (India) Private Limited, a material wholly owned subsidiary of the Company has received orders aggregating to Rs. 14.25 Cr, from a leading Solar PV modules manufacturer for supply, installation and commissioning of advanced water and wastewater treatment systems at a Hyderabad facility.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • board panels
  • cabinets
  • cleaners and chemicals
  • electrical instrumentation
  • membranes
  • pumps
  • spares
  • steel
  • tubes and pipes

Depends on the price of

  • steel

Sells to

  • AB Mauri · ZLD / wastewater treatment systems for yeast and bakery ingredients (named notable client,…
  • Anthem Biosciences Limited · ZLD / wastewater treatment systems for pharma manufacturing (named notable client, AR FY25…
  • Diageo Mexico Operaciones · ZLD / wastewater treatment systems (named notable client, AR FY25 p.96)
  • Grasim Industries Limited · zero-liquid-discharge / wastewater treatment and reuse systems (named notable client, AR F…
  • Lanxess India Private Limited · ZLD / wastewater treatment systems for specialty chemicals (named notable client, AR FY25…
  • Tagros Chemicals India · ZLD / wastewater treatment systems for agrochemicals (named notable client, AR FY25 p.96)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Utilities
Industry
Waste Management
Classification
Utilities › Waste Management
ISIN
INE037Z01029

Plants

  • Sharjah manufacturing facility · Sharjah, Sharjah, United Arab Emirates
  • Vasai manufacturing facility · Vasai, Maharashtra

News impact

Big market events that reach Concord Enviro Systems Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.