Concord Control Systems Limited · BSE:CNCRD
Concord Control Systems — H2 FY2025 Earnings Presentation
48 slides from Concord Control Systems's earnings presentation, May 15, 2025
Slide 1: BSE filing cover letter under Regulation 30
CONCORD\BSE\11\2025-26 May 15, 2025 The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra Scrip Code: 543619; Symbol: CNCRD, ISIN: INE0N0J01014 Sub: Investor Presentation under Regulation 30 of the SEBI (Listing Obligations and
Slide 2: Concord Control Systems Limited Investor Presentation H2 & FY2025
CNCRD CONCORD CONTROL SYSTEMS LIMITED TRANSFORMING RAILWAYS, TRANSFORMING INDIA Investor Presentation H2 & FY2025 INVESTOR PRESENTATION Refer to Disclaimer Slide
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Concord Control Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Contents
C O 1. Key Highlights N 2. About Us T 3. Business Overview E 4. Way Forward N 5. Annual Financials 6. Industry Overview 7. Annexures T S INVESTOR PRESENTATION 3
Slide 5: Key Highlights
Key Highlights INVESTOR PRESENTATION 4
Slide 6: Key Financial Highlights – H2FY25
KEY FINANCIAL HIGHLIGHTS – H2FY25 CONSOLIDATED Revenue (Rs. Cr) EBITDA (Rs. Cr) Net Profit (Rs. Cr) 113% 67.3% 111% 74.71 15.46 14.4 35.07 9.24 6.80 H2FY24 H2FY25 H2FY24 H2FY25 H2FY24 H2FY25 EPS (Rs.) 97.6% 22.64 11.46 H2FY24 H2FY25 INVESTOR PRESENTATION 5
Slide 7: Key Business Highlights – FY25
KEY BUSINESS HIGHLIGHTS – FY25 CONSOLIDATED Revenue ₹ 124.5 Cr Net Profit ₹ 22.6 Cr Company has achieved 124.5 Cr Revenue in FY25 Net Profit increased by 77% YoY Increase of 90% Order Book ₹ 212.5 Cr Debt / Equity NIL As on 31st Mar 2025 Order Book increased to ₹212.54 Cr vs. Debt to Equity is 0.003
Slide 8: Income Statement – H2FY25
INCOME STATEMENT – H2FY25 CONSOLIDATED Amounts in Cr H2FY25 H1FY25 H2FY24 YoY% HoH% FY25 FY24 YoY% Revenue From Operations Total Expenditure 74.71 59.25 49.75 35.55 35.07 25.83 113.02% 129.40% 50.16% 66.66% 124.46 94.80 65.52 48.34 89.97% 96.12% 90% EBITDA 15.46 14.20 9.24 67.25% 8.86% 29.66 17.18 7
Slide 9: Order Book Breakup
ORDER BOOK BREAKUP Particulars (Amount in Rs. Cr) FY23 FY24 FY25 Opening Order Book 30.06 182.91 196.57 Total Orders Received 57.04 98.45 141.56 Total Orders Executed 50.20 84.80 125.59 Closing Order Book (Consolidated) 36.91 196.57 212.54 INVESTOR PRESENTATION 8
Slide 10: Management Commentary
MANAGEMENT COMMENTARY As you must have seen from the results published, FY25 has been an exciting year for us. On the financial front we have reached a revenue threshold of Rs 124 crore for FY25 with EBITDA of Rs 29.6 crore which translates to EBITDA Margin of 23.83%, excluding Other Income, and Net
Slide 11: About us
About us INVESTOR PRESENTATION 10
Slide 12: About Us
ABOUT US ▪ The company started its operations with manufacturing and supply of Company incorporated in 2011 Coach related and Electrification products for Indian Railways and other Railway Contractors. OEM to Indian Railways ▪ The company is transitioning from being a Product/Equipment Supplier to a
Slide 13: Manufacturing Facilities
MANUFACTURING FACILITIES • Lucknow, Uttar Pradesh (2 Units) • Bangalore, Karnataka (Advanced Rail) • Hyderabad, Telangana (Progota India) Facility ▪ 4 manufacturing facilities situated at Lucknow (2 Units), Bangalore (Advanced Rail) and Hyderabad (Progota India) respectively ▪ Manufacturing units in
Slide 14: Research & Development
RESEARCH & DEVELOPMENT ▪ Dedicated team towards developing new products or improving existing products ▪ R&D capabilities include product engineering, product simulation, prototyping and testing which are mainly undertaken at our manufacturing facilities. ▪ Currently developing several new products
Slide 15: Our Journey
OUR JOURNEY Technology Transfer Agreement with German Firm under Make in India 2025 Entry into Metro Business Acquired balance 10% stake in Advanced Rail Controls Private Limited 2024 Acquired 90% stake in Advanced Rail Controls Private Limited Acquired 26% stake in Progota India Private Limited 202
Slide 16: Core Team
CORE TEAM Mr. Gaurav Lath, post graduated from Narsee Monjee Institute of Management Studies, Mumbai where he specialized in the field of business management. Mr. Nitin Jain With more than two decades of experience in this field, His vision is to supply quality and innovative products to the industr
Slide 17: Business Overview
Business Overview INVESTOR PRESENTATION 16
Slide 18: Subsidiaries / Joint Ventures
SUBSIDIARIES / JOINT VENTURES CONCORD CONTROL SYSTEMS LIMITED Progota India Advanced Rail Controls Concord Lab to Market Pvt Ltd Pvt Ltd Innovations Pvt Ltd Holding: 26% Holding: 100% Holding: 49% Acqn Date – 2023 (Associate Company) Acqn Date – 2024 (Subsidiary) Acqn Date – 2023 (Associate Company)
Slide 19: Business Structure
Business Structure A B C D E Metro Wayside Traction Coaching Locomotives Business Equipment E1 E2 Advanced Rail Concord Lab to GERMANY Market Controls Progota TOT Innovations Private Ltd India P. Ltd P Ltd 1 2 OHE Wheel Impact Digital Axle Monitoring Kavach Load Detector Counter (WILD) INVESTOR PRES
Slide 20: A. Traction Products
A. TRACTION PRODUCTS Various range of Battery Chargers for Traction Substation, AC-DC Distribution Panels, Control Relay Panel, Colour Light Signal Panel, Fuse boxes, Terminal Boards and Insulator Testing Machine ▪ We are RDSO approved source for Battery Chargers. ▪ In most railway battery-operated
Slide 21: B. Coaching Products
B. COACHING PRODUCTS Inter Vehicular Coupler, BLDC Fans, Emergency Lights LED based, RMPU Bellow ducts, Exhaust Fans, Cable Jackets and EPDM Cable Transit Systems ▪ The Emergency Light switches on automatically in case the normal battery system of the coach fails during any unforeseen circumstances.
Slide 22: C. Metro Business
C. METRO BUSINESS Overhead Monitoring (Condition Monitoring Product Suites) Profiling Real-time wire monitoring, precise diagnostics, and actionable alerts are the core of PANTOhealth’s Profiling-Based Monitoring Suite, which is essential for maintaining seamless rail operations. Vibration Our Vibra
Slide 23: D: Locomotive Products – The future is here
D: LOCOMOTIVE PRODUCTS (ADVANCED RAIL CONTROLS PRIVATE LTD) The future is Super Anaconda here… 2.1km IR Train Powered by ARC DPWCS (can go upto 7km) https://www.youtube.com/watch?v=3QhurR-w9aI INVESTOR PRESENTATION 22
Slide 24: Advanced Rail Controls Private Limited
ADVANCED RAIL CONTROLS PRIVATE LIMITED Accepted Brand by Indian Railways & Other Clients Opportunity size till FY2030 Advanced Rail Controls Able to provide long term support & obsolescence Private Limited is an ISO management 9001:2015 certified ~Rs. 2,500 cr 1200 New Locomotives added every year C
Slide 25: Advanced Rail Controls Products
ADVANCED RAIL CONTROLS PRIVATE LIMITED PRODUCTS DOPPLER RADAR BASED ADHESION CONTROL LOCOMOTIVE DIAGNOSTIC SYSTEM TRACTION MOTOR SPEED SENSOR SYSTEM REMOTE MONITORING & REMOTE DIAGNOSTICS DISTRIBUTED POWER WIRELESS CONTROL SYSTEM DPWCS FOR TAP-CHANGER BASED CONVENTIONAL SYSTEM (DPWCS) DC DRIVE LOCOM
Slide 26: Products (1/4)
PRODUCTS (1/4) (Advanced Rail Controls Private Limited) LOCOMOTIVE DIAGNOSTIC SYSTEM DOPPLER RADAR BASED ADHESION CONTROL SYSTEM ▪ Used in GTO Converter Based ABB LOCOS ▪ Interfaced with gto 3-phase locomotive as an add-on equipment interacting ▪ Connects to the MVB Network of LOCO with traction con
Slide 27: Products (2/4)
PRODUCTS (2/4) (Advanced Rail Controls Private Limited) DISTRIBUTED POWER WIRELESS CONTROL SYSTEM (DPWCS) Control & Brake Interface Driver Interface BIU Pneumatic ▪ DPWCS is a technology to achieve very high freight throughput with very minimal input cost by way of Communication Unit (BIU) for Unit
Slide 28: Products (3/4)
PRODUCTS (3/4) (Advanced Rail Controls Private Limited) POWER SUPPLY MODULES FOR TRACTION APPLICATION VEHICLE CONTROL UNIT (VCU) FOR LOCOMOTIVES ▪ IEC-61375 TCN Open architecture enables easy plug compatibility of 3rd party equipment like traction converter, auxiliary converter etc. ▪ Application de
Slide 29: Products (4/4)
PRODUCTS (4/4) (Advanced Rail Controls Private Limited) PRINTED CIRCUIT BOARDS FUNCTIONALLY EQUIVALENT TO LEGACY SYSTEM IN GTO BASED LOCOMOTIVES - FOR OBSOLESCENCE MANAGEMENT ▪ 100% Electrical, mechanical and functional compatibility (slot compatible) with legacy PCBS. ▪ Both Legacy cards and Equiva
Slide 30: E1. Wayside Equipment – Kavach
E1. WAYSIDE EQUIPMENT 1. Kavach Indigenous Automatic Train Protection system which has (Progota India P. Ltd) Cab Signalling features-useful for high speeds as well as foggy weather Features ▪ 100% In-house Development of complete Kavach Solutions ▪ Relay SoS messages during emergency situations. ▪
Slide 31: E1: Wayside Equipment – Multi Section Digital Axle Counter
E1: WAYSIDE EQUIPMENT 2. Multi Section Digital Axle Counter (MSDAC) (Progota India P Ltd) FEATURES ▪ Monitors specified track section for vehicle presence ▪ Used in Railway Signalling to detect the clear or occupied status of a section of track between two points. ▪ The system generally consists of
Slide 32: E2: Wayside Equipment – Wheel Impact Load Detector
E2: WAYSIDE EQUIPMENT Wheel Impact Load Detector (WILD) (Concord Lab to Market Innovations Pvt Ltd) WILD is a hardened electronic data collection device that measures vertical wheel forces via rail- mounted strain gauges. WILD measures impact forces caused by damaged wheels. The system uses strain g
Slide 33: Competitive Advantages
COMPETITIVE ADVANTAGES Diversified range of products Continue to strengthen our existing product portfolio with attractive growth and profitability prospects Quality Assurance Continue to leverage the Government’s Long Standing Relationship with our policy & budget relating to our business customers
Slide 34: Clientele
CLIENTELE Rail Coach Factory, Kapurthala Integral Coach Factory, Chennai Modern Coach Factory, Raebareli Rail Coach Factory, Kapurthala Integral Coach Factory, Chennai Modern Coach Factory, Raebareli Modern Coach Factory, Raebareli Southern Railway Western Railway Rail Vikas Nigam Limited (RVNL) Sou
Slide 35: Way Forward
Way Forward INVESTOR PRESENTATION 34
Slide 36: Business Opportunity Size (in India) Till FY30
BUSINESS OPPORTUNITY SIZE (IN INDIA) TILL FY30 Traction Coaching Metro Locomotive Wayside Products Products Business Products Equipment ~Rs ~Rs ~Rs ~Rs 550 Cr ~Rs 750 Cr ~Rs 250 Cr ~Rs 2,500 Cr 40,000 Cr 2,000 Cr 1,000 Cr Wheel Impact Multi Section Load Kavach Digital Axle Detector Counter ~Rs. 47,0
Slide 37: Way Forward
WAY FORWARD Global Perspective Looking to grow at Aiming to grow ▪ Aiming to be a 360˚ around Maintain at Solution Provider to 40% to 50% 40% to 50% EBITDA the Railway Industry Revenue Revenue Year Margins in the ▪ To Focus on ESG CAGR for the range of (hydrogen, battery) & to Year basis next in FY2
Slide 38: Annual Financials
Annual Financials INVESTOR PRESENTATION 37
Slide 39: Annual Highlights
ANNUAL HIGHLIGHTS CONSOLIDATED Revenue (Rs. Cr) Net Worth (Rs. Cr) 124.46 119.18 65.52 49.35 31.69 46.19 17.53 21.24 4.95 7.47 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA (Rs. Cr) & EBITDA Margin (%) PAT (Rs. Cr) & PAT Margin (%) 26.2% 18.2% 23.8% 19.6% 15.6% 22.65 12.5% 12.3% 10.7% 8.2
Slide 40: Annual Income Statement
ANNUAL INCOME STATEMENT CONSOLIDATED 63% Amount in Rs. Cr FY21 FY22 FY23 FY24 FY25 Revenue From Operations 17.53 31.70 49.35 65.52 124.46 Revenue CAGR FY21-25 Total Expenditure 15.34 27.79 41.67 48.34 94.80 EBITDA 2.19 3.90 7.69 17.18 29.66 EBITDA Margin (%) 12.51 12.31 15.57 26.22 23.83 92% Other I
Slide 41: Balance Sheet
BALANCE SHEET CONSOLIDATED (Rs. in Cr) (Rs. in Cr) Equity & Liabilities FY23 FY24 FY25 Assets FY23 FY24 FY25 Share Capital 5.71 5.98 6.30 Fixed Asset 2.07 3.13 19.39 Intangible Asset 0.01 0.00 3.19 Reserves & Surplus 15.52 40.21 112.88 Capital Work-in-Progress 0.00 0.00 0.83 Minority Interest 0.00 0
Slide 42: Industry Overview
Industry Overview INVESTOR PRESENTATION 41
Slide 43: Indian Railway Sector
INDIAN RAILWAY SECTOR 12 Bn Annual Estimated Rs. 22,800 Cr 1,275 Passengers in 2031 Budget Allocation for Track renewal No. of stations for Improvement Upgrades (Emphasis on safety and maintenance) 8 MT 15,000 Km Annual Estimated Freight Demand in 2031 Converting to automatic signalling 45% 6 Nation
Slide 44: Embedded Control Systems
EMBEDDED CONTROL SYSTEMS Global Market USD 172 billion ▪ Projected to reach USD 172 billion by 2031 at a CAGR of 6.97% from 2023 to 2031 ▪ Valued at USD 100.12 billion in 2023 (estimated) Key Drivers ▪ Increase in the number of embedded system-related research and development activities. ▪ Advanceme
Slide 45: Annexures
Annexures INVESTOR PRESENTATION 44
Slide 46: Awards & Achievements
AWARDS & ACHIEVEMENTS Among Top 5 SME Listed Company ISO: 9001:2015 certified organization Approved Vendor ▪ Research Design and Standards Organization (RDSO) ▪ Chitranjan Loco Works (CLW) ▪ Integral Coach Factory (ICF) INVESTOR PRESENTATION 45
Slide 47: Innotrans Participation, Berlin
INNOTRANS PARTICIPATION, BERLIN ARC’s Successful Participation in Innotrans, Berlin INVESTOR PRESENTATION 46
Slide 48: Contact Us
CONTACT US ® CONCORD CONTROL SYSTEMS LTD KAPTIFY Consulting G-36, UPSIDC, Industrial Area, Deva Road, Chinhat, Strategy & Investor Relations | Consulting Lucknow, UP, INDIA - 226 019 contact@kaptify.in / +91-845 288 6099 contact@ +91-7800008718 www.kaptify.in cs@concordgroup.in INVESTOR PRESENTATION
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