Concord Enviro Systems L
NSE: CEWATER · Waste Management · sector
₹224.45NSE close 2026-10-26
Key numbers
Market cap₹465 cr
Price₹224.45
52w high / low₹497 / ₹224
P/E–Sector median 15.9x
P/B0.8xSector median 1.6x
Book value₹276.2
Dividend yield–Sector median 0.53%
ROE-1.3%Sector median 13.5%
ROCE2.5%Sector median 15.9%
OPM2.9%Sector median 16.8%
Debt / equity0.26xSector median 0.26x
EV/EBITDA35.4xSector median 10.5x
Interest cover0.9x
Current ratio2.08x
Sales growth 3y–Sector median +24.1%
Profit growth 3y–Sector median +36.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Waste Management (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹66 cr vs borrowings ₹151 cr (FY26): borrowings are higher by ₹85 cr.
- Operating profit covered interest 0.9x in the last 12 months.
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- No dividend in the last 2 financial years.
- Price ₹224.45 on 2026-10-26: -54.8% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹827.10 · low ₹224.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162 | 123 | 207 | 102 | 125 | 125 | 206 | 85 |
| EBITDA | 27 | 1 | 59 | -1 | 8 | -1 | 24 | -15 |
| OPM % | 16.6% | 0.9% | 28.5% | -0.9% | 6.1% | -0.7% | 11.5% | -17.5% |
| Other income | 2 | 1 | 3 | 15 | 6 | 4 | 5 | 6 |
| Net profit | 17 | -9 | 47 | 4 | 4 | -8 | 14 | -18 |
| EPS (₹) | 9.51 | -4.14 | 22.11 | 1.99 | 2.17 | -3.96 | 6.84 | -8.49 |
| Revenue YoY | -22.9% | +1.4% | -0.5% | -16.6% | ||||
| Profit YoY | -74.0% | – | -70.0% | -526.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 594 | 558 | 541 |
| EBITDA | 93 | 37 | 16 |
| Net profit | 51 | 20 | -7 |
| EPS (₹) | 23.74 | 9.55 | -3.44 |
| Revenue growth | -6.2% | -9.0% | |
| Profit growth | -61.6% | -111.9% | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -9.0% |
| Net profit | – | – | -111.9% |
| EPS | – | – | – |
| Share price | – | – (2y) | -51.5% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 534 | 572 |
| Borrowings | 131 | 151 |
| Cash & equivalents | 89 | 66 |
| Total assets | 849 | 952 |
| Fixed assets | 79 | 101 |
| Capital work in progress | 4 | 3 |
| Investments | 66 | 24 |
| Receivables | 174 | 264 |
| Inventory | 173 | 220 |
| Payables | 137 | 162 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 5 | -23 |
| Cash from investing | -122 | 53 |
| Cash from financing | 125 | -1 |
| Capex | 26 | 21 |
| Free cash flow | -21 | -44 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 9.6% | 3.5% |
| ROCE % | 13.0% | 6.6% |
| Debtor days | 107 | 173 |
| Inventory days | 211 | 274 |
| Payable days | 167 | 202 |
| Cash conversion cycle (days) | 151 | 245 |
| Working capital days | 202 | 239 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.43% |
| FIIs | 0.55% |
| DIIs | 6.56% |
| of which Mutual funds | 6.30% |
| of which Insurance | 0.00% |
| Public (non-institutions) | 41.45% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.39% | 51.39% | 51.39% | 51.39% | 51.43% | 51.43% | 51.43% | 51.43% |
| Promoter group | % |
|---|---|
| Prayas Kamlesh Goel | 23.90% |
| Prerak Goel | 14.75% |
| Pushpa Goel | 7.59% |
| Nidhi Prerak Goel | 2.59% |
| Namrata Goel | 2.42% |
| Krttika Goel | 0.17% |
| Public holders above 1% | % |
|---|---|
| Afholdings | 8.72% |
| Kotak Infrastructure & Economic Reform Fund | 4.35% |
| Mahesh Rajesh Agrawal | 2.57% |
| Bandhan Small Cap Fund | 1.95% |
| Jignesh Vijay Shah | 1.91% |
49,977 shareholders. Pledged: – of promoter shares.
Peers in Waste Management
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| REFEX | ₹3,094 cr | 12.5x | 2.1x | 18.1% | 26.0% | 14.9% | +11.8% | 0.21% |
| EMSLIMITED | ₹1,569 cr | 23.0x | 1.5x | 6.7% | 9.5% | 17.1% | – | 0.53% |
| AWHCL | ₹810 cr | 13.9x | 1.1x | 8.4% | 11.3% | 17.5% | +7.2% | – |
| ECORECO | ₹755 cr | 29.4x | 6.8x | 25.8% | 32.2% | 59.5% | +39.5% | – |
| CEWATER | ₹465 cr | – | 0.8x | -1.3% | 2.5% | 2.9% | – | – |
| VVIPIL | ₹357 cr | 11.9x | 1.8x | 15.9% | 35.4% | 20.6% | – | – |
| RACE | ₹180 cr | 22.8x | 2.4x | 10.5% | 11.1% | 2.8% | +32.0% | – |
| ORGANICREC | ₹171 cr | 6.7x | 1.4x | 21.1% | 16.1% | 28.8% | – | – |
| GEMENVIRO | ₹85 cr | 17.9x | 2.0x | 11.9% | 15.7% | 5.5% | – | 0.70% |
| EPBIO | ₹15 cr | – | 1.4x | 15.1% | 22.0% | 16.4% | +24.1% | – |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Waste Management |
| Sub-industry | Waste Management |
| Symbol | CEWATER |
| BSE code | 544315 |
| ISIN | INE037Z01029 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.