Concord Control Systems Limited · BSE:CNCRD
Concord Control Systems — H1 FY2025 Earnings Presentation
45 slides from Concord Control Systems's earnings presentation, Nov 20, 2024
Slide 1: BSE filing cover letter for investor presentation
CONCORD\BSE\62\2024-25 November 20, 2024 The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra Scrip Code: 543619; Symbol: CNCRD Sub: Investor Presentation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Req
Slide 2: Concord Control Systems Limited Investor Presentation H1FY25
CNCRD CONCORD CONTROL SYSTEMS LIMITED TRANSFORMING RAILWAYS, TRANSFORMING INDIA Investor Presentation H1FY25 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. About Us 2. Business Overview N T 3. Way Forward 4. Key Highlights E 5. Industry Overview 6. Annexures N T S INVESTOR PRESENTATION 3
Slide 5: About us
About us INVESTOR PRESENTATION 4
Slide 6: 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 7: 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 8: 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 9: Our Journey
OUR JOURNEY 2024 Acquired 90% stake in Advanced Rail Controls Private Limited Acquired 26% stake in Progota India Private Limited 2023 Acquired 50% stake in Concord Lab to Market Innovations Private Limited 2022 Listed on SME platform of BSE Limited on 10th October, 2022 Received RDSO (Research Desi
Slide 10: 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 11: Business Overview
Business Overview INVESTOR PRESENTATION 10
Slide 12: 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: 90% Holding: 50% Acqn Date – 2023 (Associate Company) Acqn Date – 2024 (Subsidiary) Acqn Date – 2023 (Associate Company)
Slide 13: Transitioning from Product Manufacturing to Solution Provider
Business Structure A B C D Traction Coaching Locomotives Wayside Equipment D1 D2 Advanced Rail Controls Concord Lab to PRODUCT Private Ltd Progota India P. Ltd Market Innovations MANUFACTURING 90% Subsidiary 26% Equity P Ltd 50% Equity from ….. Transitioning ….. 1 2 to SOLUTION Kavach Digital Axle C
Slide 14: 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 15: 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 16: C: Locomotive Products - The future is here
C: 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 15
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: D1. Wayside Equipment - Kavach
D1. 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 24: D1: Wayside Equipment - Multi Section Digital Axle Counter
D1: 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 25: D2: Wayside Equipment - Wheel Impact Load Detector
D2: 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 26: 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 27: 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 28: Way Forward
Way Forward INVESTOR PRESENTATION 27
Slide 29: Business Opportunity Size (in India) Till FY30
BUSINESS OPPORTUNITY SIZE (IN INDIA) TILL FY30 Traction Coaching Locomotive Wayside Products Products Products Equipment ~550 Cr ~750 Cr ~2,500 Cr ~40,000 Cr ~2,000 Cr ~1,000 Cr Multi Section Wheel Impact Kavach Digital Axle Load Detector Counter (WILD) ~Rs. 46,800 Cr Business Opportunity size Till
Slide 30: Way Forward
WAY FORWARD Global Perspective Looking to grow at Aiming to grow ▪ Aiming to be a around Maintain at Solution Provider to 40% to 50% 40% to 50% EBITDA the World Revenue Revenue Year Margins in the ▪ To Focus on ESG CAGR for the range of (hydrogen, battery) & to Year basis next in FY25 23% to 25% dev
Slide 31: Key Highlights
Key Highlights INVESTOR PRESENTATION 30
Slide 32: Key Business Highlights – H1FY25
KEY BUSINESS HIGHLIGHTS – H1FY25 CONSOLIDATED Order Book ₹ 206.82 Cr Margin Expansion 28.54% As on 30th Sep 2024 Order Book increased to ₹206.82 Cr vs. EBITDA Margin increased to 28.54% vs. ₹196.57 Cr as on 31st Mar 2024 26.06% in FY24 Increase of ~5% Increase of 248 bps Asset Growth ₹ 24.12 Cr Retu
Slide 33: Key Financial Highlights – H1FY25
KEY FINANCIAL HIGHLIGHTS – H1FY25 CONSOLIDATED Revenue (Rs. Cr) EBITDA (Rs. Cr) 63.41% 78.96% 49.75 14.20 35.07 30.45 7.94 9.24 H1FY24 H2FY24 H1FY25 H1FY24 H2FY24 H1FY25 Net Profit (Rs. Cr) EPS (Rs.) 37.87% 44.29% 8.67 14.49 6.80 10.51 11.46 6.01 H1FY24 H2FY24 H1FY25 H1FY24 H2FY24 H1FY25 INVESTOR PR
Slide 34: Order Book Breakup
ORDER BOOK BREAKUP Particulars (Amount in Rs. Cr) FY23 FY24 H1FY25 Opening Order Book 30.06 182.91 196.57 Private Orders Received 11.41 32.07 31.41 Private Orders Executed 10.04 28.40 19.03 Govt. Order Received 45.63 66.38 28.76 Govt. Orders Executed 40.16 56.40 30.89 Closing Order Book (Consolidate
Slide 35: Income Statement – H1FY25
INCOME STATEMENT – H1FY25 CONSOLIDATED 63% Amounts in Cr H1FY25 H2FY24 H1FY24 YoY% HoH% Revenue From Operations 49.75 35.07 30.45 63.41% 41.86% Total Expenditure 35.55 25.83 22.51 57.93% 37.65% Revenue YoY EBITDA 14.20 9.24 7.94 78.96% 53.64% EBITDA Margin (%) 28.54% 26.36% 26.06% 248 bps 29 bps Oth
Slide 36: Balance Sheet
BALANCE SHEET CONSOLIDATED (Rs. in Cr) (Rs. in Cr) Equity & Liabilities FY23 FY24 H1FY25 Assets FY23 FY24 H1FY25 Share Capital 5.71 5.98 5.98 Fixed Asset 2.07 3.13 19.38 Intangible Asset 0.01 0.00 3.83 Reserves & Surplus 15.52 40.21 48.49 Intangible assets under Development 0.00 0.00 0.92 Minority I
Slide 37: Annual Highlights
ANNUAL HIGHLIGHTS CONSOLIDATED Revenue (Rs. Cr) Net Worth (Rs. Cr) 65.52 49.35 46.19 31.69 21.24 15.88 17.53 4.95 7.47 3.51 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA (Rs. Cr) & EBITDA Margin (%) PAT (Rs. Cr) & PAT Margin (%) 26.2% 19.6% 15.6% 12.5% 12.3% 10.7% 10.5% 17.18 8.2% 8.3% 6.
Slide 38: Annual Income Statement
ANNUAL INCOME STATEMENT CONSOLIDATED 44% Amount in Rs. Cr FY22 FY23 FY24 Revenue From Operations 31.70 49.35 65.52 Revenue CAGR FY22-24 Total Expenditure 27.79 41.67 48.34 EBITDA 3.90 7.69 17.18 EBITDA Margin (%) 12.31 15.57 26.22 110% Other Income 0.04 0.27 1.09 Depreciation 0.37 0.51 0.53 PBIT 3.5
Slide 39: Industry Overview
Industry Overview INVESTOR PRESENTATION 38
Slide 40: Indian Railway Sector
INDIAN RAILWAY SECTOR 12 Bn Annual Estimated Rs. 17,297 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 41: 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 42: Annexures
Annexures INVESTOR PRESENTATION 41
Slide 43: 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 42
Slide 44: Innotrans Participation, Berlin
INNOTRANS PARTICIPATION, BERLIN ARC’s Successful Participation in Innotrans, Berlin INVESTOR PRESENTATION 43
Slide 45: 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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