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Concord Enviro Systems Limited
(CEWATER)
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Rating:51Neutral
Price Target:
₹278.00
▼(-42.29% Downside)
Action:Reiterated
Date:07/11/26
The score is primarily constrained by financial quality concerns—especially negative/volatile operating and free cash flow and a sharp FY2026 margin reset—despite strong revenue growth and a de-risked leverage profile. Technically, trends are mildly positive (above key short/medium-term averages with positive MACD) but not decisive given the sub-200DMA position. Valuation further pressures the score due to the high P/E and lack of dividend support.
Positive Factors
Broad water-treatment capabilities
Offering design, manufacturing, installation, commissioning, and servicing across treatment, recycling, and reuse creates a broad project-to-aftermarket model. Coverage of municipal and industrial water needs supports multiple customer applications and service opportunities over the medium term.
Negative Factors
Weak cash conversion
Cash generation is a durable concern because operating cash flow turned negative in multiple recent years and free cash flow remained negative through FY2026. The reversal after strong FY2023 cash generation suggests reported profits are not consistently translating into usable internal funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad water-treatment capabilities
Offering design, manufacturing, installation, commissioning, and servicing across treatment, recycling, and reuse creates a broad project-to-aftermarket model. Coverage of municipal and industrial water needs supports multiple customer applications and service opportunities over the medium term.
Read all positive factors
Concord Enviro Systems Limited (CEWATER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.40B
Dividend YieldN/A
Average Volume (3M)20.64K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth-8.97%
EPS Growth-111.39%
CountryIN
Employees1,141
SectorGeneral
Sector StrengthN/A
IndustryEnvironmental Services
Share Statistics
EPS (TTM)-3.43
Shares Outstanding20,696,234
10 Day Avg. Volume33,515
30 Day Avg. Volume20,645
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.92
Price to Sales (P/S)0.94
P/FCF Ratio-8.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Concord Enviro Systems Limited Business Overview & Revenue Model
Company Description
Concord Enviro Systems Ltd., founded in Mumbai, India, in 1992, delivers comprehensive solutions for water and wastewater treatment and reuse. The company's portfolio includes various treatment plants, such as facilities for effluent, anaerobic di...
Concord Enviro Systems Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.41B | 5.58B | 5.92B | 4.95B | 3.41B | 3.27B |
| Gross Profit | 950.60M | 875.09M | 2.67B | 2.47B | 1.66B | 1.58B |
| EBITDA | 292.26M | 632.09M | 979.90M | 1.36B | 498.09M | 615.78M |
| Net Income | -71.00M | 197.57M | 514.93M | 414.39M | 54.87M | 164.77M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 9.52B | 8.49B | 6.28B | 5.92B | 5.37B |
| Cash, Cash Equivalents and Short-Term Investments | 658.02M | 658.02M | 857.15M | 282.30M | 776.67M | 196.06M |
| Total Debt | 0.00 | 1.67B | 1.34B | 1.59B | 1.70B | 1.71B |
| Total Liabilities | -5.72B | 3.80B | 3.15B | 3.05B | 3.11B | 2.68B |
| Stockholders Equity | 5.72B | 5.72B | 5.34B | 3.23B | 2.81B | 2.69B |
Cash Flow | ||||||
| Free Cash Flow | -486.16M | -592.65M | -210.11M | -445.82M | 1.12B | 209.44M |
| Operating Cash Flow | -406.53M | -387.10M | 47.48M | -346.68M | 1.17B | 490.34M |
| Investing Cash Flow | 306.38M | 470.43M | -1.22B | -32.69M | -498.30M | -278.85M |
| Financing Cash Flow | 205.62M | 197.31M | 1.25B | -40.67M | -268.79M | -119.70M |
Concord Enviro Systems Limited Technical Analysis
Negative
481.75
Price Trends
282.79
Negative
292.16
Negative
328.49
Negative
Market Momentum
-3.01
Negative
39.00
Neutral
24.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CEWATER, the sentiment is Negative. The current price of 481.75 is above the 20-day moving average (MA) of 267.32, above the 50-day MA of 282.79, and above the 200-day MA of 328.49, indicating a bearish trend. The MACD of -3.01 indicates Negative momentum. The RSI at 39.00 is Neutral, neither overbought nor oversold. The STOCH value of 24.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CEWATER.
Concord Enviro Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹7.52B | 13.89 | ― | 0.90% | 9.36% | -14.51% | |
69 Neutral | ₹19.66B | 16.71 | ― | ― | 1.79% | 6.81% | |
58 Neutral | ₹236.12B | 100.82 | ― | 2.16% | 92.58% | 416.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹19.58B | 90.92 | ― | 0.35% | 2.11% | 70.34% | |
54 Neutral | ₹21.08B | 0.64 | ― | 2.16% | -6.41% | -40.45% | |
51 Neutral | ₹5.40B | -74.78 | ― | ― | -8.97% | -111.39% |
* General Sector Average
IN:CEWATER
Concord Enviro Systems Limited
256.40
-270.45
-51.33%
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Concord Enviro Systems Limited Corporate Events
Concord Enviro Systems Publishes Q1 FY27 Earnings Call Transcript for Investors
Aug 17, 2026
Concord Enviro Systems Limited has released the official transcript of its Q1 FY27 earnings conference call, held on August 12, 2026, featuring Chairman and Managing Director Prayas Goel and Executive Director Prerak Goel. The company has filed th...
Concord Enviro Systems Publishes Q1 FY27 Investor Presentation
Aug 11, 2026
Concord Enviro Systems Limited has released an investor presentation detailing its financial performance and key developments for the quarter ended June 30, 2026. The disclosure, made in line with listing regulations, is intended to update shareho...
Concord Enviro Systems CFO Anish Goel Resigns Effective July 31, 2026
Jul 6, 2026
Concord Enviro Systems Limited has announced that Chief Financial Officer and Key Managerial Personnel, Mr. Anish Goel, has resigned to pursue another professional opportunity. His resignation, accepted by the Board of Directors at a meeting on Ju...
Concord Enviro Systems CFO Anish Goel Resigns Effective July 31, 2026
Jul 6, 2026
Concord Enviro Systems Limited has announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Mr. Anish Goel, who is leaving to pursue another professional opportunity. The company’s Board of Directors considered ...
Concord Enviro Systems CFO Anish Goel Resigns, Board Sets July 31 Exit
Jul 6, 2026
Concord Enviro Systems Limited has announced that Chief Financial Officer and Key Managerial Personnel Anish Goel has resigned to pursue another professional opportunity. The Board accepted his resignation at a meeting on July 6, 2026, with his ex...
Concord Enviro Systems’ Scheme of Arrangement Petition Admitted, NCLT Hearing Set for July
Jun 23, 2026
Concord Enviro Systems Limited has notified stock exchanges that it has published newspaper advertisements in Business Standard and Navshakti regarding a notice of hearing for its Scheme of Arrangement with shareholders under relevant sections of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.