Concord Control Systems Limited · BSE:CNCRD
Concord Control Systems — H2 FY2026 Earnings Presentation
45 slides from Concord Control Systems's earnings presentation, May 14, 2026
Slide 1: Revised Investor Presentation filing letter to BSE
CONCORD\BSE\13\2026-27 May 14, 2026 The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra Scrip Code: 543619; Symbol: CNCRD, ISIN: INE0N0J01014 Sub: Revised Investor Presentation Dear Sir / Madam, In continuation to our letter
Slide 2: Concord Control Systems Limited
Concord Control Systems Limited Building The Intelligence Layer Of Modern Railways Railway Intelligence • Safety • Control Platform Investor Presentation H2 & FY2026
Slide 3: Concord is a Railway Intelligence, Safety & Control Platform
Concord is a Railway Intelligence, Safety & Control Platform Concord is not just a railway equipment manufacturer - it is a fully integrated technology driven platform for propulsion, safety, intelligence, & control and AI driven diagnostics into one seamless cohesive ecosystem. Strategic Positionin
Slide 4: What is Changing?
What is Changing? Key Drivers Transformation to a This multi-dimensional shift Scalable Tech Green Sustainable Mobility unlocks Platform: Strong R&D: 100+ engineers Higher & more predictable margins Concord is evolving into a high- margin, globally relevant railway technology company Recurring r
Slide 5: Fully Integrated Solution
Fully Integrated Solution Transforming Railways Transforming India Investor Presentation - H2 & FY2026 4
Slide 6: Four Integrated Pillars
Four Integrated Pillars Pillar 2 Smart Locomotive With Intelligence Wireless based Heavy Haul Integrated Advantages Technology Platform with End-to-end ecosystem Continuous coverage Fleet Orchestration Loop True platform integration (rare) Pillar 1 Real-time monitoring Strong operational b
Slide 7: Pillar 1 - Green Sustainable Mobility
Green Sustainable Mobility Key Strengths: Flagship milestone: Fuel-agnostic, modular architecture India’s first indigenous zero-emission Designed for IP licensing & scalability retrofit (LFP + DC drive) PILLAR - 1 Strong domain expertise ensures reliability Hydrogen and battery-based rolling s
Slide 8: Zero Emission Locomotive Running Successfully
Zero Emission Locomotive Running Successfully Key Benefits India’s First Indigenous Zero-Emission Propulsion System Zero emissions – Supports net-zero & 2030 Successfully converted a 700 HP diesel locomotive into a fully battery-powered unit electrification goals Major fuel savings (eliminates i
Slide 9: Advanced Chemistry Cell based Railway Upgradations
Advanced Chemistry Cell based Railway Upgradations ACC Battery Opportunity in Railways Key Highlights Massive replacement opportunity for legacy Lead Acid / VRLA battery systems Enables higher reliability | lower maintenance | longer life | lower lifecycle cost Powers mission-critical railway
Slide 10: Pillar 2 - Smart Locomotive with Intelligence
Smart Locomotive with Intelligence The Data & AI Layer – Making Trains “Think” PILLAR - 2 Core Capabilities Technology Stack Revenue Model Real-time monitoring Multi-sensor edge device High-margin recurring Predictive maintenance (vibration, temperature, current, income GPS) with onboard AI
Slide 11: Distributed Power Wireless Control System (DPWCS)
Distributed Power Wireless Control System (DPWCS) Advanced DPWCS solution Powers Heavy Haul Operation from 2km to 3.5km long & upto 25,000 tonnes freight trains (extendable up to 7 km) Key Advantages Faster & Uniform Simultaneous control and braking across all locomotives Efficient scheduling opport
Slide 12: Pillar 3 - Railway Safety
PILLAR - 3 Railway Safety Trust Layer Multi Section Digital Axle Kavach 4.0 Counter (MSDAC) This pillar delivers not only life-critical safety, but also high-margin, long-duration revenue with very strong competitive defensibility, a powerful combination for sustained value creation. Investor Presen
Slide 13: Kavach 4.0
Kavach 4.0 SIL-4 Certified – Automatic Train Protection (ATP) Core Technologies Strategic Role Kavach-class ATP Full-stack safety ecosystem player Proprietary IP Contributing to India’s zero- collision mission Economics Milestones 25–30% EBITDA RDSO prototype clearance (Kavach 4.0) 15-
Slide 14: Multi Section Digital Axle Counter (MSDAC)
Multi Section Digital Axle Counter (MSDAC) Transfer of Technology with a Spanish Company under Make in India Conventional Axle Counters Designed with transistorized circuits and integrated circuits (ICs). Used in Railway Signaling to detect the clear or occupied status of a section of track between
Slide 15: Pillar 4 - Onboard Wireless Smart Sensor Network
Onboard Wireless Smart Sensor Network for Predictive Maintenance Core Capabilities Strategic Value PILLAR - 4 Real-time monitoring Fully networked ecosystem Predictive maintenance Enables remote diagnostics, scheduling & energy AI-driven analytics optimization Benefits Outcome Lower fail
Slide 16: Advanced Sensor Systems
Advanced Sensor Systems Rail & Industrial Applications Pressure Sensors Load Sensors Fire Detection Speed Sensors Pneumatic & hydraulic monitoring Passenger load monitoring Smoke & heat detection Train velocity tracking Brake system safety Energy optimization Alarm integration Oversp
Slide 17: Wheel Impact Load Detector (WILD)
Wheel Impact Load Detector (WILD) Hardened electronic data collection device for railway track monitoring Works around the life of a wheel, detects impact forces caused by Connected to a data acquisition system that: damaged wheels to reduce chances of derailment Relays data to Acquires real Compute
Slide 18: Overhead Monitoring
Overhead Monitoring (Condition Monitoring Product Suites) Key Product Suites: Profiling-Based Monitoring Suite (PANTOhealth) Real-time overhead line Precise diagnostics Ensures seamless monitoring & diagnostics with actionable alerts rail operations Advanced AI & Data Integration Real-time health
Slide 19: New Initiatives
New Initiatives Transforming Railways Transforming India Investor Presentation - H2 & FY2026 18
Slide 20: Fusion Electronics Pvt Ltd
Fusion Electronics Pvt Ltd Overview India’s largest flex PCB manufacturer Niche, import-dependent high-value segment Overall Impact : Strategic Fit Key Clients: Marquee luxury auto, industrial & electronics global OEMs Positions Concord strongly in the premium EMS and Flex PCB segment with high marg
Slide 21: The Transformation
The Transformation Transforming Railways Transforming India Investor Presentation - H2 & FY2026 20
Slide 22: Revenue Model Evolution
Revenue Model Evolution Shift to Sustainable, Recurring & High-Margin Growth Future Revenue Mix (FY30) Targets Hardware & Product Products and Services Revenue CAGR: 40–50% Manufacturing Annual Maintenance contracts EBITDA: 22–25% Global IP licensing Transitioning Annuity based subscript
Slide 23: Concord = The Brain of the Modern Rolling Stock
Concord = The Brain of the Modern Rolling Stock How Concord Mirrors the Brain Just as the human brain seamlessly coordinates movement, safety instincts, decision-making, and Movement Advanced propulsion & intelligent energy management communication; Concord aspires to serve as the central intelligen
Slide 24: Why this Capability is Rare
Why this Capability is Rare Unique Full-Stack Platform Advantage Concord is one of the very few players globally that integrate all four critical layers of Movement, Safety, Thinking and Communication Working in Silos Platform Moats (the Concord Edge) Propulsion OEMs No safety IP Full-stack Approach
Slide 25: Mr. Nitin Jain quote
“ Like the human brain orchestrates movement, safety, decisions, and “ communication with perfect harmony, Concord aims to function as the brain of the modern rolling stock driving railway transformation and long-term value creation Mr. Nitin Jain Joint Managing Director Investor Presentation - H2 &
Slide 26: The Road Ahead
The Road Ahead Transforming Railways Transforming India Investor Presentation - H2 & FY2026 25
Slide 27: Order Book ~697 Cr is 3.3x FY26 Revenue
Order Book Order Book Breakup Particulars (Amount in Rs. Cr) FY25 FY26 Recent Order Wins All figures in Rs. Cr Opening Order Book 196.57 212.54 Total Orders Received 141.56 694.95 Supply, installation & commissioning Supply, installation & commissioning of Loco wireless control system & of Loco wire
Slide 28: Concord's Strong Foundation
Concord’s Strong Foundation Transforming Railways Transforming India Investor Presentation - H2 & FY2026 27
Slide 29: About Us
About Us Company incorporate in 2011 Started operations as a manufacturer and supplier of coach-related and electrification products for Indian Railways. The company has since transformed into a research-driven provider of advanced Approved Vendor of RDSO, CLW & ICF railway solutions and technol
Slide 30: The Journey
The Journey 2011 2013 2014 Incorporated as “Concord Control Expanded its business in Received RDSO (Research Systems Private Limited” manufacturing products Designs & Standards fitted in coaches of Indian Organisation) Approval for Got approval to manufacture and Railways manufacturing and supply of
Slide 31: 15 Years of Innovation Journey
15 Years of Innovation Journey 30
Slide 32: Leadership Team
Leadership Team Mr. Nitin Jain Mr. Gaurav Lath Joint Managing Director Joint Managing Director & CFO “ Mr. Nitin Jain, a graduate of Siddaganga Institute of Technology, Tumkur, is a success-driven, visionary, and highly committed mechanical engineer. With decades of experience, he is dedicated to se
Slide 33: Our Business
Our Business Merged 80% w.e.f Subsidiary 1 April, 2025 st 49% 46.5% Associate Associate Investor Presentation - H2 & FY2026 32
Slide 34: Smart Structures - Growth Biases
Smart Structures - Growth Biases Progota India Advanced Rail Controls Fusion Electronics Concord Lab to Market Pvt Ltd Pvt Ltd Pvt Ltd Innovations Pvt Ltd Associate : Holding: 46.5% Merged w.e.f 1st April 2025 Subsidiary: Holding: 80% Associate: Holding: 49% Acqn. Date – 2023 (26%), 2025 (+20.5%) Ac
Slide 35: Proven Financial Traction
Proven Financial Traction Transforming Railways Transforming India Investor Presentation - H2 & FY2026 34
Slide 36: Key Financial Highlights - FY26 Consolidated
Key Financial Highlights – FY26 - Consolidated Revenue from Operation EBITDA Rs 210.5 Cr Rs 62.1 Cr Revenue from Operations increased EBITDA increased by 109.2% from by 69.1% from 124.5 Cr in FY25 29.7 Cr in FY25 Net Profit Order Book* Rs 42.7 Cr Rs ~ 697 Cr Net profit increased by 88.3% Order Book
Slide 37: Key Performance Highlights - H2FY26 (Consolidated)
Key Performance Highlights – H2FY26 (CONSOLIDATED) Revenue (Rs. Cr) EBITDA (Rs. Cr) & EBITDA Margin PAT (Rs. Cr) & PAT Margin (%) (%) 128.9 31.3% 21.0% 19.2% 20.7% 74.7 40.3 27.1 15.5 14.4 H2FY25 H2FY26 H2FY25 H2FY26 H2FY25 H2FY26 72.6% YoY 160.8% YoY 88.4% YoY Investor Presentation – H2 & FY2026 36
Slide 38: Key Performance Highlights - H2FY26 (Standalone)
Key Performance Highlights – H2FY26 (STANDALONE) Revenue (Rs. Cr) EBITDA (Rs. Cr) & EBITDA Margin (%) PAT (Rs. Cr) & PAT Margin (%) 128.9 28.1% 19.2% 19.1% 20.7% 74.7 36.3 24.6 14.3 15.5 H2FY25 H2FY26 H2FY25 H2FY26 H2FY25 H2FY26 72.6% YoY 134.5% YoY 71.5% YoY Investor Presentation - H2 & FY2026 37
Slide 39: Income Statement - H2FY26 (Consolidated)
Income Statement – H2FY26 (CONSOLIDATED) Particulars (Amt in Rs. Cr) H2FY26 H1FY26 H2FY25 YoY% QoQ% FY26 FY25 YoY% Revenue From Operations 128.9 81.5 74.7 72.6 58.1 210.5 124.5 69.1 Total Expenditure 88.6 59.8 59.2 49.6 48.1 148.4 94.8 56.6 EBITDA 40.3 21.7 15.5 160.8 85.5 62.1 29.7 109.2 EBITDA Mar
Slide 40: Income Statement - H2FY26 (Standalone)
Income Statement – H2FY26 (STANDALONE) Particulars (Amt in Rs. Cr) H2FY26 H1FY26 H2FY25 YoY% QoQ% FY26 FY25 YoY% Revenue From Operations 128.9 81.5 74.7 72.6 58.1 210.5 124.5 69.1 Total Expenditure 92.7 59.8 59.2 56.4 54.9 152.5 94.8 60.9 EBITDA 36.3 21.7 15.5 134.5 66.8 58.0 29.7 95.5 EBITDA Margin
Slide 41: Annual Highlights (Consolidated)
Annual Highlights (CONSOLIDATED) Revenue (Rs. Cr) Net Worth (Rs. Cr) 210.47 209.29 124.46 119.18 65.52 49.35 31.69 46.19 17.53 21.24 4.95 7.47 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 EBITDA (Rs. Cr) & EBITDA Margin (%) PAT (Rs. Cr) & PAT Margin (%) 29.5% 26.2% 23.8% 19.6% 20.3% 1
Slide 42: Income Statement (Consolidated)
Income Statement (CONSOLIDATED) Particulars (Amt in Rs. Cr) FY21 FY22 FY23 FY24 FY25 FY26 64% Revenue From Operations 17.53 31.70 49.35 65.52 124.46 210.47 Total Expenditure 15.34 27.79 41.67 48.34 94.80 148.42 Revenue CAGR FY21-26 EBITDA 2.19 3.90 7.69 17.18 29.66 62.06 EBITDA Margin (%) 12.51 12.3
Slide 43: Balance Sheet (Consolidated)
Balance Sheet (CONSOLIDATED) Equity & Liabilities FY24 FY25 FY26 Assets FY24 FY25 FY26 Share Capital 5.98 6.30 10.38 Fixed Asset 3.13 19.39 29.31 Reserves & Surplus 40.21 112.88 198.91 Intangible Asset 0.00 3.19 13.66 Capital Work-in-Progress 0.00 0.83 0.88 Total Equity 46.19 119.18 209.29 Intangibl
Slide 44: 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 45: Thank You!
THANK YOU! CONCORD CONTROL SYSTEMS LTD. G-36, UPSIDC, Industrial Area, Deva Road, Chinhut - 226 019, Lucknow, Uttar Pradesh, India (E): www.concordgroup.in ® KAPTIFY Consulting Strategy & Investor Relations | Consulting (M): +91-845 288 6099 (E): contact@kaptify.in www.kaptify.in
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