Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97 | 123 | 200 | 103 | 162 | 123 | 207 | 102 | 125 | 125 | 206 | 85 |
| Expenses | 75 | 100 | 161 | 100 | 135 | 119 | 149 | 104 | 117 | 121 | 188 | 101 |
| Operating Profit | 23 | 23 | 39 | 3 | 27 | 3 | 58 | -1 | 7 | 3 | 18 | -16 |
| OPM % | 23% | 19% | 20% | 3.1% | 17% | 2.8% | 28% | -1.2% | 6% | 2.8% | 9% | -19% |
| Other Income | 1 | 7 | -1 | -0 | -0 | -3 | 1 | 14 | 5 | -2 | 9 | 6 |
| Interest | 5 | 4 | 4 | 5 | 5 | 6 | 6 | 5 | 5 | 6 | 6 | 5 |
| Depreciation | 6 | 5 | 3 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 |
| Profit before tax | 12 | 21 | 31 | -4 | 19 | -8 | 51 | 5 | 4 | -9 | 17 | -20 |
| Tax % | -2% | 10% | 10% | 1% | 10% | 10% | 7% | 14% | -12% | -5% | 18% | -13% |
| Net Profit | 12 | 19 | 28 | -4 | 17 | -9 | 47 | 4 | 4 | -8 | 14 | -18 |
| EPS in Rs | 6.81 | 10.21 | 15.42 | -2.40 | 9.51 | -4.14 | 22.77 | 1.99 | 2.17 | -3.95 | 6.84 | -8.49 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 383 | 348 | 329 | 343 | 497 | 594 | 558 | 541 |
| Expenses | 308 | 285 | 275 | 299 | 379 | 501 | 522 | 527 |
| Operating Profit | 75 | 63 | 55 | 44 | 118 | 93 | 36 | 13 |
| OPM % | 20% | 18% | 17% | 13% | 24% | 16% | 7% | 2.5% |
| Other Income | 2 | 5 | 9 | 8 | -40 | -2 | 25 | 19 |
| Interest | 43 | 21 | 20 | 20 | 18 | 22 | 22 | 21 |
| Depreciation | 22 | 25 | 25 | 24 | 16 | 11 | 17 | 18 |
| Profit before tax | 12 | 23 | 19 | 8 | 44 | 58 | 23 | -7 |
| Tax % | 37% | 15% | 11% | 27% | 6% | 11% | 13% | |
| Net Profit | 8 | 20 | 16 | 5 | 41 | 51 | 20 | -7 |
| EPS in Rs | 2,495.24 | 6,288.89 | 3,868.54 | 3.02 | 22.77 | 24.88 | 9.55 | -3.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 10% | 18% | -9% | ||
| Compounded Profit Growth | % | 0% | 54% | -107% | ||
| Stock Price CAGR | % | % | % | -48% | ||
| Return on Equity | % | 8% | 9% | 4% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.31 | 0.31 | 0.43 | 9 | 9 | 10 | 10 |
| Reserves | -20 | -11 | 268 | 272 | 313 | 523 | 561 |
| Borrowings | 404 | 367 | 171 | 170 | 159 | 134 | 167 |
| Other Liabilities | 137 | 162 | 97 | 141 | 146 | 181 | 213 |
| Total Liabilities | 521 | 518 | 537 | 592 | 628 | 849 | 952 |
| Fixed Assets | 100 | 156 | 149 | 139 | 104 | 107 | 136 |
| CWIP | 5 | 8 | 0 | 0 | 2 | 7 | 4 |
| Investments | 20 | 0 | 22 | 56 | 60 | 66 | 93 |
| Other Assets | 396 | 353 | 366 | 397 | 462 | 669 | 719 |
| Total Assets | 521 | 518 | 537 | 592 | 628 | 849 | 952 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 62 | 49 | 117 | -35 | 5 | -23 |
| Cash from Investing Activity | -12 | -23 | -28 | -50 | -3 | -122 | 53 |
| Cash from Financing Activity | -1 | -33 | -12 | -27 | -4 | 125 | -1 |
| Net Cash Flow | 2 | 7 | 9 | 41 | -42 | 7 | 28 |
| Free Cash Flow | -0 | 41 | 21 | 112 | -45 | -21 | -44 |
| CFO/OP | 23% | 108% | 97% | 272% | -25% | 8% | -40% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 141 | 160 | 142 | 113 | 126 | 107 | 173 |
| Inventory Days | 326 | 253 | 355 | 377 | 254 | 184 | 231 |
| Days Payable | 205 | 180 | 195 | 218 | 191 | 146 | 171 |
| Cash Conversion Cycle | 263 | 232 | 302 | 271 | 189 | 145 | 233 |
| Working Capital Days | -143 | -144 | 120 | 48 | 100 | 145 | 186 |
| ROCE % | 12% | 10% | 6% | 25% | 15% | 7% |
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 51.39% | 51.39% | 51.39% | 51.39% | 51.43% | 51.43% | 51.43% |
| FIIs | 3.62% | 1.59% | 0.95% | 0.94% | 0.26% | 1.28% | 0.37% |
| DIIs | 14.94% | 15.42% | 12.20% | 11.30% | 10.67% | 7.25% | 7.21% |
| Public | 30.07% | 31.60% | 35.46% | 36.38% | 37.65% | 40.05% | 41.00% |
| No. of Shareholders | 60,160 | 56,042 | 56,092 | 54,564 | 51,508 | 49,708 | 49,680 |
Fundamentals
Market Cap₹ 538 Cr.
Current Price₹ 260
Book Value₹ 276
ROCE6.76 %
ROE3.57 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-9%
Compounded Profit Growth (TTM)-107%
Consolidated figures.
Valuation
Market capRs 461 Cr
Enterprise valueRs 549 Cr
Price to book1.64x
Price to sales0.85x
EV / EBITDA17.09x
EV / EBIT39.27x
EV / sales1.02x
Price to cash flow3.93x
Earnings yield-1.54%
Profitability
Operating margin (excl. other income)12.93%
Operating margin (incl. other income)15.16%
EBITDA margin5.94%
Pre-tax margin-1.37%
Net profit margin-1.31%
Net margin, latest quarter-20.59%
ROE2.00%
ROCE6.21%
ROA0.97%
ROE, 3-year average-37.83%
ROCE, 3-year average9.16%
ROA, 3-year average2.64%
ROIC (approx.)2.76%
Tax rate27.28%
Other income / net worth2.72%
Growth
Sales growth (latest year)4.21%
Profit growth (latest year)-66.69%
Sales CAGR, 3 years-3.61%
Profit CAGR, 3 years-11.27%
Sales growth QoQ-58.58%
Profit growth QoQ-224.08%
Sales growth YoY (latest quarter)-16.64%
Profit growth YoY (latest quarter)-526.46%
Per share
EPS (TTM)Rs -3.90
EPS (latest year)Rs 3.02
EPS (latest quarter)Rs -9.65
EPS, 3-year averageRs 2,843.53
Book value per shareRs 154.38
Sales per shareRs 297.16
Cash flow per shareRs 64.48
Free cash flow per shareRs -24.18
Efficiency
Asset turnover0.58x
Fixed asset turnover2.47x
Inventory turnover1.24x
Inventory days294 days
Debtor days113 days
Debtors turnover3.24x
Creditor days171 days
Cash conversion cycle233 days
Working capital days186 days
Leverage
Total debtRs 170 Cr
Cash and bankRs 82 Cr
Net debtRs 88 Cr
Debt to equity0.61x
Net debt / EBITDA2.74x
Interest coverage0.65x
Owners' fund to total sources47.44%
Debt to assets28.78%
Cash flow
Cash from Operating Activity (latest year)Rs 117 Cr
Cash from Investing Activity (latest year)Rs -50 Cr
Cash from Financing Activity (latest year)Rs -27 Cr
Net Cash Flow (latest year)Rs 41 Cr
Free cash flow (latest year)Rs -44 Cr
FCFE (approx.: FCF + change in debt)Rs -45 Cr
Cash from ops / profit, 5 years0.85x
Sales to cash flow2.92x
Statement figures
Net sales (TTM)Rs 541 Cr
Net sales (latest year)Rs 343 Cr
Sales (latest quarter)Rs 85 Cr
Operating profit excl. other income (latest year)Rs 44 Cr
Operating profit (latest quarter)Rs -16 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 32 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs -7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -7 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs -18 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 21 Cr
Cost of goods sold (latest year)Rs 186 Cr
Total expenditure (latest year)Rs 299 Cr
Total income (latest year)Rs 351 Cr
Share capitalRs 9 Cr
ReservesRs 272 Cr
Shareholders' fundsRs 281 Cr
Total assetsRs 592 Cr
Net blockRs 139 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 56 Cr
ReceivablesRs 106 Cr
InventoryRs 150 Cr
Other liabilitiesRs 141 Cr
Shares outstanding (crore)1.82
Ownership
Promoter holding51.43% (+0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | CEWATER | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.7% | -2.8% | -2.9 pts |
| 1 month | -3.5% | -6.8% | +3.3 pts |
| 3 months | -23.0% | -7.6% | -15.4 pts |
| 6 months | -0.2% | +0.4% | -0.6 pts |
| 1 year | -51.4% | -9.9% | -41.5 pts |
4 mutual fund schemes hold about ₹30 Cr.
Over three months 0 bought more and 2 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Small Cap Fund | 0.03% | 11 | -13% |
| Kotak Infra & Eco Reform Fund | 0.38% | 9 | +2% |
| Kotak Infra & Eco Reform Fund | 0.38% | 9 | +2% |
| Kotak Multi Asset Allocation Fund | 0.00% | 0 | -100% |
Red flags
F-score 5 of 8| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 101% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹85 Cr -16.7% vs Jun 2025.
Net loss ₹18 Cr.
Activity
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| Refex Industries Ltd | 3,729 | 13.1 | 22.7 % |
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| Namo eWaste Management Ltd | 765 | 53.4 | 21.3 % |
| Z-Tech (India) Ltd | 641 | 17.4 | 20.0 % |
| VVIP Infratech Ltd | 360 | 12.0 | 18.8 % |
| Hi-Green Carbon Ltd | 307 | 59.4 | 10.2 % |
| Organic Recycling Systems Ltd | 304 | 12.1 | 15.9 % |
| Race Eco Chain Ltd | 206 | 27.4 | 11.1 % |
| Urban Enviro Waste Management Ltd | 106 | 7.14 | 29.1 % |
| Gem Enviro Management Ltd | 81 | 18.2 | 11.8 % |
| Greenleaf Envirotech Ltd | 65 | 9.01 | 34.7 % |
| EP Biocomposites Ltd | 16 | 11.3 | 16.3 % |
No bulk or block deals on record.
No corporate actions on record.
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Order win | 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 Sys... |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Concord Enviro Systems Ltd?
Concord Enviro Systems Ltd (CEWATER) has a market capitalisation of Rs 538 Cr. at the 2026-10-01 close.
What were Concord Enviro Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Concord Enviro Systems Ltd sales was Rs 85 Cr (-16.7% vs Jun 2025) with a net loss of Rs 18 Cr.
What is the 52-week high and low of Concord Enviro Systems Ltd?
The 52-week high is Rs 516.50 and the 52-week low is Rs 235.00.