CEWATER

Concord Enviro Systems Limited

Water and wastewater treatment solutions provider specializing in zero-liquid discharge technology

Utilities›Utilities›Other Utilities›Waste Management

concordenviro.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹256.50
Market cap
531 Cr
Stock P/E
Loss (TTM EPS ₹-3.44)
P/B
0.93
ROE (FY26)
3.5%
ROCE (FY26)
6.0%
Operating margin (FY26)
3.6%
Debt / equity (FY26)
0.26
OCF / EBITDA (FY26)
-63.2%
OCF / EBITDA (3Y)
-26.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Concord Enviro designs, builds and services water and wastewater treatment plants, including zero-liquid-discharge (ZLD) systems, for industrial customers in India and abroad.

Company snapshot

5thBy market cap

Ranked among 6 companies in Waste Management.

What we see

Positives
  • ✓Debt-to-equity of 0.26x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales162 Cr123 Cr207 Cr102 Cr125 Cr125 Cr206 Cr85 Cr
Operating expenses (approx.)135 Cr122 Cr148 Cr103 Cr117 Cr120 Cr188 Cr100 Cr
EBITDA27 Cr1 Cr59 Cr-0.89 Cr8 Cr4 Cr19 Cr-15 Cr
OPM %16.6%0.9%28.5%-0.9%6.1%3.5%9.0%-17.5%
Other income2 Cr1 Cr3 Cr15 Cr6 Cr4 Cr5 Cr6 Cr
Interest5 Cr6 Cr6 Cr5 Cr5 Cr6 Cr6 Cr5 Cr
Depreciation4 Cr4 Cr3 Cr4 Cr4 Cr4 Cr5 Cr5 Cr
Profit before tax19 Cr-8 Cr51 Cr5 Cr4 Cr-9 Cr17 Cr-20 Cr
Tax %10.1%-10.2%6.9%14.0%-11.5%4.6%18.0%12.8%
Net profit17 Cr-9 Cr47 Cr4 Cr4 Cr-8 Cr14 Cr-18 Cr
EPS (₹)₹9.51₹-4.14₹22.11₹1.99₹2.17₹-3.96₹6.83₹-8.49

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales329 Cr343 Cr497 Cr594 Cr558 CrSign in free for the trailing twelve months
Operating expenses (approx.)276 Cr300 Cr428 Cr501 Cr521 CrSign in free for the trailing twelve months
EBITDA53 Cr43 Cr69 Cr93 Cr37 CrSign in free for the trailing twelve months
OPM %16.2%12.5%13.9%15.7%6.6%Sign in free for the trailing twelve months
Other income8 Cr7 Cr15 Cr5 Cr28 CrSign in free for the trailing twelve months
Interest19 Cr19 Cr18 Cr21 Cr21 CrSign in free for the trailing twelve months
Depreciation25 Cr24 Cr22 Cr11 Cr17 CrSign in free for the trailing twelve months
Profit before tax19 Cr8 Cr44 Cr58 Cr23 CrSign in free for the trailing twelve months
Tax %11.1%27.4%5.8%10.9%12.9%Sign in free for the trailing twelve months
Net profit16 Cr5 Cr41 Cr51 Cr20 CrSign in free for the trailing twelve months
EPS (₹)₹9.05₹3.01₹22.77₹23.74₹9.55Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.43 Cr9 Cr9 Cr10 Cr10 Cr
Reserves268 Cr272 Cr313 Cr523 Cr561 Cr
Borrowings126 Cr131 Cr153 Cr131 Cr151 Cr
Other liabilities143 Cr180 Cr152 Cr184 Cr229 Cr
Total liabilities537 Cr592 Cr628 Cr849 Cr952 Cr
Fixed assets (net)74 Cr68 Cr61 Cr79 Cr101 Cr
CWIP0.08 Cr0.36 Cr1 Cr4 Cr3 Cr
Investments22 Cr56 Cr60 Cr66 Cr93 Cr
Loans & advances———0.28 Cr0.20 Cr
Inventories134 Cr150 Cr154 Cr173 Cr220 Cr
Trade receivables128 Cr106 Cr171 Cr174 Cr264 Cr
Cash & bank20 Cr60 Cr18 Cr25 Cr53 Cr
Other assets159 Cr152 Cr161 Cr328 Cr218 Cr
Total assets537 Cr592 Cr628 Cr849 Cr952 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity49 Cr117 Cr-35 Cr5 Cr-23 Cr
Cash from investing-28 Cr-50 Cr-3 Cr-122 Cr53 Cr
Cash from financing-12 Cr-27 Cr-4 Cr125 Cr-1 Cr
Net cash flow9 Cr41 Cr-42 Cr7 Cr28 Cr
Free cash flow (OCF − Capex)21 Cr113 Cr-45 Cr-21 Cr-44 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.4%6.4%13.0%11.8%6.0%
ROE %6.1%2.0%12.8%9.6%3.5%
Debtor days142112126107172
Inventory days373386250261311
Days payable205223188207230
Cash conversion cycle310275188161253
OCF / EBITDA %91.7%272.9%-50.3%5.1%-63.2%
OCF / EBITDA % (3 years)——79.6%42.6%-26.7%
Debt / equity0.470.470.470.240.26
Current ratio1.731.521.622.132.08
Net debt / EBITDA1.981.651.961.132.68