Concord Control Systems Limited · BSE:CNCRD
Concord Control Systems — Investor Presentation (November 2025)
49 slides from Concord Control Systems's investor presentation, Nov 6, 2025
Slide 1: BSE filing cover letter under Regulation 30
CONCORD\BSE\67\2025-26 November 06, 2025 The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra Scrip Code: 543619; Symbol: CNCRD, ISIN: INE0N0J01014 Sub: Investor Presentation under Regulation 30 of the SEBI (Listing Obligation
Slide 2: Investor Presentation November, 2025
Investor Presentation November, 2025
Slide 3: 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 any securitie
Slide 4: Agenda
01 Delivering Growth & Value 02 Company Overview 03 Business Structure 04 Way Forward 05 India Growth Opportunity 06 Annual Financials 07 Annexures 3
Slide 5: Delivering Growth & Value
J! SS ~ contort Ss —____. Delivering Growth ———— & Value
Slide 6: Concord's Strategic Milestones in Rail Innovation & Electronics
Concord's Strategic Milestones in Rail Innovation & Electronics RDSO Prototype Clearance: Kavach 4.0 India's First Indigenous Zero-Emission Propulsion (Wayside Equipment) (Diesel Locomotive Conversion) ▪ Rigorous RDSO validation for design, safety, & ▪ 100% indigenous system with LFP batteries & DC
Slide 7: Kavach 4.0 RDSO Prototype Clearance Highlights and Benefits
Key Highlights: ▪ RDSO Grants Technical Prototype Clearance, the Rigorous RDSO validation of design, safety, interoperability, and engineering excellence for Kavach 4.0 wayside equipment. Key Benefits: ▪ Critical gate-pass to field trials, tenders, and commercial deployment across Indian Railways. ▪
Slide 8: First Order for Kavach 4.0
" This field order is not just a validation of our engineering capabilities but also a stepping stone for scaling our Kavach ▪ Bagged first order for KAVACH 4.0 through associate deployment... will set new benchmarks for safety, reliability, and self-reliance in railway technology company Progota In
Slide 9: Zero-Emission Propulsion Technology Highlights
▪ Developed India's first 100% indigenous zero-emission propulsion system for diesel locomotive conversion. ▪ First battery locomotive converted from diesel in collaboration with Railway Engineering Works, Bangalore. ▪ Advances India's drive towards net-zero emissions and complete railway electrific
Slide 10: Fusion Electronics Acquisition Highlights and 3-Year Vision
Acquisition Highlights: ▪ Acquires 80% stake in Fusion Electronics Pvt Ltd, India's largest flex PCB manufacturer. ▪ Capacity: 200,000 sqm annually ▪ Revenue Potential: ~₹200 Cr+ at full capacity ▪ EBITDA Margins: 20%+ ▪ Clients: Marquee luxury auto, industrial, electronics (global OEMs) ▪ Strategic
Slide 11: In-house R&D: 110+ Engineers
110+ Engineers Inhouse R&D team of 110+ engineers ▪ Kavach (ATP System) – Indigenous cab- in pure R&D exclusively focused on developing new signaling for high-speed & foggy conditions; prototype under RDSO review products and enhancing current tech stack. Core Strength: ▪ Wireless Controls for Train
Slide 12: Consolidated Growth YoY%
Consolidated Growth YoY% 64% 53% 85% 75% 81.55 21.73 16.02 25.41 49.75 14.20 8.67 14.49 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 Revenues (Rs. Cr) EBITDA (Rs. Cr) Net Profit (Rs. Cr) EPS (Rs.) 11
Slide 13: H1 FY26 Key Financials and Order Book
Consolidated Revenue ₹ 81.55 Cr Revenue increased by 64% YoY EBITDA ₹ 21.73 Cr Revenue increased by 53% YoY Net Profit ₹ 16.02 Cr Net Profit increased by 85% YoY Order Book ₹ 313.00 Cr Order Book increased by 47% As on 30th Sep 2025 vs. ₹ 212.54 Cr as on 31st Mar 2025 12
Slide 14: Management Commentary on H1 FY26 Performance
Commenting on the overall performance of the Company, Mr. Gaurav Lath, Joint Managing Director, Concord Control Systems Limited, said, “I am pleased to report that our performance in the first half of FY26 aligns well with our internal targets. Our Profit after tax increased by ~85% and revenue from
Slide 15: H1 FY26 Consolidated Income Statement
Consolidated Amounts in Cr H1FY26 H1FY25 YoY% Revenue From Operations 81.55 49.75 63.90 Total Expenditure 59.81 35.55 68.24 EBITDA EBITDA Margin (%) 21.73 26.65% 14.20 28.54% 53.04 -189 bps 64% Revenue YoY Other Income 1.46 1.17 24.93 Depreciation 1.09 0.77 41.36 PBIT 22.11 14.60 51.40 53% Interest
Slide 16: Order Book Movement
Particulars (Amount in Rs. Cr) FY25 H1 FY26 Opening Order Book 196.57 212.54 Total Orders Received 141.56 182.01 Total Orders Executed 125.59 81.55 Closing Order Book (Consolidated) 212.54 313.00 15
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Slide 18: Company Overview
The company started operations by producing and supplying coach-related and electrification products tailored for Indian Railways and its contractors. Subsequently, it has transformed into a deep research backed railway solutions and technology player who understands on ground railway problems, earn
Slide 19: Company Journey and Milestones
2014 2023 ▪ Received RDSO (Research Designs & ▪ Acquired 26% stake in Progota India Standards Organisation) Approval for Private Limited manufacturing and supply of Tensile Load Testing Machine for Porcelain & ▪ Acquired 50% stake in Concord Lab to 2011 Composite Insulators before Installation Marke
Slide 20: Joint Managing Directors
Mr. Nitin Jain Mr. Gaurav Lath Joint Managing Director Joint Managing Director & Chief Financial Officer Mr. Nitin Jain, graduated from Siddaganga Institute of Technology, Tumkur is a success- Mr. Gaurav Lath, post graduated from Narsee Monjee Institute of Management Studies, Mumbai driven, visionar
Slide 21: Manufacturing Facilities and R&D
Lucknow, Uttar Pradesh Bangalore, Karnataka Hyderabad, Telangana (3 Units: CCSL, Fusion) (2 Units: ARC, CL2M) (Progota India) ▪ 6 manufacturing facilities situated at Lucknow (3 Units), ▪ Currently developing several new products like product Bangalore (2 Units) (Advanced Rail, CL2M) and Hyderabad p
Slide 22: Associates and Subsidiaries
Progota India Advanced Rail Controls Concord Lab to Market Pvt Ltd Fusion Electronics Pvt Ltd Pvt Ltd Innovations Pvt Ltd Holding: 46.5% Holding: 100% Holding: 80% Holding: 49% Acqn. Date – 2023 (26%), 2025 (20.5%) Acqn. Date – 2024 (Subsidiary) Acqn. Date – 2025 (Subsidiary) Acqn. Date – 2023 (Asso
Slide 23: Competitive Strengths and Strategies
COMPETITIVE STRENGTHS STRATEGIES ▪ Diversified range of products ▪ Continue to strengthen our existing product portfolio with attractive growth and profitability prospects ▪ Quality Assurance ▪ Continue to leverage the Government’s ▪ Long Standing Relationship with our customers policy & budget rela
Slide 24: Customers
Rail Coach Factory Integral Coach Factory Modern Coach Factory (MCF) Larsen & Toubro (Indian Railways) Kalpataru Power Transmission Shyam Indus Power Alstom Central Railway (Indian Railways) Limited Solutions Pvt. Ltd. Northern Railway Eastern Railway (Indian Railways) Tata Projects Limited Zetwerk
Slide 25: Business Structure
—————— Business ———— Structure _ggee
Slide 26: Business Structure by Segment
A B C D E F Wayside Metro Locomotives Fusion Traction Coaching Equipment Business A1 A2 Concord Advanced Progota GERMANY Lab to Market Rail Controls India P. Ltd TOT Innovations P Ltd Private Ltd 1 2 Wheel Impact Digital Axle OHE Kavach Load Detector Counter Monitoring (WILD) 25
Slide 27: Kavach: India's Indigenous SIL-4 ATP System
India’s Indigenous SIL-4 ATP System Key Features Our Status Cost Advantage ▪ Full-stack in-house development ▪ RDSO Technical Prototype Clearance ▪ Trackside: ~₹50 lakhs/km achieved for Kavach 4.0 ▪ Loco-fitment: ~₹70 lakhs/unit ▪ Emergency SoS relay ▪ Progota recognized as Developmental ▪ Among the
Slide 28: Multi Section Digital Axle Counter (MSDAC)
Multi Section Digital Axle Counter (MSDAC) Features ▪ Monitors specified track section for vehicle presence ▪ Used in Railway Signalling to detect the clear or occupied status of a section of track between two points. ▪ The system generally consists of a wheel sensor (one for each end of the section
Slide 29: Wheel Impact Load Detector (WILD)
Concord Lab to Market Innovations Pvt Ltd Wheel Impact Load Detector (WILD) WILD is a hardened electronic data collection Benefits device that measures vertical wheel forces via rail- Reduces service failures and unplanned mounted strain gauges. maintenance costs of rolling stocks and tracks. WILD m
Slide 30: The future is here: ARC DPWCS
(Advanced Rail Controls Private LTD) The future is here… 2.1km IR Train Powered by ARC DPWCS (can go upto 7km) https://www.youtube.com/watch?v=3QhurR-w9aI Super Anaconda 29
Slide 31: Advanced Rail Controls: Propulsion Technology
• ISO 9001:2015 certified Company established in 2005 in Bangalore (India) • Engaged in the Design & Development of products and Opportunity size till FY2030 offering Services to Rail Transportation Sector, especially ~Rs. 2,500 cr 1200 New Locomotives added every Rolling Stock. year • Associated Pr
Slide 32: Products
PRODUCTS LOCOMOTIVE DIAGNOSTIC DOPPLER RADAR BASED ADHESION TRACTION MOTOR SPEED REMOTE MONITORING & REMOTE SYSTEM CONTROL SYSTEM SENSOR DIAGNOSTICS SYSTEM DPWCS FOR TAP-CHANGER BASED DISTRIBUTED POWER WIRELESS THE DRIVER DISPLAY UNIT VEHICLE CONTROL UNIT (VCU) CONVENTIONAL DC DRIVE CONTROL SYSTEM (
Slide 33: Overhead Monitoring (Condition Monitoring Product Suites)
Transfer of Technology with a German Company (PANTOhealth GmbH) Overhead Monitoring (Condition Monitoring Product Suites) Real-time wire monitoring & diagnostics Real-time wire monitoring, precise diagnostics, and actionable alerts are the core of PANTOhealth’s Profiling- Based Monitoring Suite, whi
Slide 34: Traction and Coaching Products
Various range of Battery Chargers for Traction Substation, AC-DC Distribution Panels, Control Relay Panel, Colour Light Signal Panel, Fuse boxes, Terminal Boards and Insulator Testing Machine Battery Testing Control Panels & Chargers Machine Distribution Panels Inter Vehicular Coupler, BLDC Fans, Em
Slide 35: Way Forward
/ , cai — —_—— Forward
Slide 36: Growth Targets and Global Perspective
REVENUE Looking to grow at around CAGR 40% to 50% 3 to 5 yrs EBITDA Maintain EBITDA Margins in MARGINS the range of 22% to 25% Aiming to be a 360˚ Solution GLOBAL Provider to the Railway Industry To PERSPECTIVE Focus on ESG (hydrogen, battery) & developing products around it 35
Slide 37: India Growth Opportunity
— India Growth Opportunity
Slide 38: Opportunity Size Till FY30
Traction Coaching Metro Products Products Business ~Rs. 47,450 Cr ~Rs 550 Cr ~Rs 750 Cr ~Rs 250 Cr Opportunity size Till FY30 Locomotive Wayside Fusion Business Products Equipment ~Rs 400 Cr ~Rs 2,500 Cr ~Rs 40,000 Cr ~Rs 2,000 Cr ~Rs 1,000 Cr Flex PCB Zero Emission Kavach Multi Section Wheel Box Bu
Slide 39: Aims to Become the Largest Green Railway Network in the World
6 Development of six high- capacity, high-speed Aims to become the 4th Largest globally, corridors. Largest green railway trailing only US, network in the world Russia, and China 15,000 Km Converting to automatic signalling 1,275 No. of stations for Improvement Upgrades 12 Bn Annual Estimated Passen
Slide 40: Global Embedded Systems Market
Embedded systems are application-specific combinations of electronic hardware and software that are embedded to meet specific system requirements USD 172 billion Key Drivers Global ▪ Projected to reach USD 172 billion by 2031 at a ▪ Increase in the number of embedded system-related research CAGR of
Slide 41: Annual Financials
~___|j. Annual — Financials
Slide 42: Consolidated Annual Financial Charts
Consolidated Revenue (Rs. Cr) Net Worth (Rs. Cr) 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 FY21 FY22 FY23 FY24 FY25 EBITDA (Rs. Cr) & EBITDA Margin (%) PAT (Rs. Cr) & PAT Margin (%) 26.2% 18.2% 23.8% 19.6% 22.65 15.6% 10.7% 12.5% 12.3% 8.3% 8.2% 29.66 12.81
Slide 43: Consolidated Income Statement FY21-FY25
Consolidated Amount in Rs. Cr FY21 FY22 FY23 FY24 FY25 63% Revenue From Operations 17.53 31.70 49.35 65.52 124.46 Total Expenditure 15.34 27.79 41.67 48.34 94.80 EBITDA 2.19 3.90 7.69 17.18 29.66 Revenue CAGR FY21-25 EBITDA Margin (%) 12.51 12.31 15.57 26.22 23.83 Other Income 0.08 0.04 0.27 1.09 3.
Slide 44: Consolidated Balance Sheet
Consolidated Equity & Liabilities FY24 FY25 H1FY26 Assets FY24 FY25 H1FY26 Share Capital 5.98 6.30 6.33 Fixed Asset 3.13 19.39 19.75 Reserves & Surplus 40.21 112.88 132.38 Intangible Asset 0.00 3.19 3.38 Capital Work-in-Progress 0.00 0.83 0.91 Total Equity 46.19 119.18 138.71 Non-Current Investments
Slide 45: Annexures
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Slide 46: Among Top 5 SME Listed Company
Among Top 5 SME Listed Company ISO: 9001:2015 certified organization Approved Vendor ▪ Research Design and Standards Organization (RDSO) ▪ Chitranjan Loco Works (CLW) ▪ Integral Coach Factory (ICF) 45
Slide 47: Media Coverage of Kavach 4.0 Order
Concord Control Systems Limited has secured a prestigious order for Kavach 4.0, India’s advanced train collision avoidance system, reinforcing its leadership in railway safety solutions. Key Highlights: 1) Business standard: Concord bags first order of Kavach 4.0 https://www.business-standard.com/ma
Slide 48: ARC's Participation in Innotrans, Berlin
ARC’s Successful Participation in Innotrans, Berlin 47
Slide 49: KAPTIFY Consulting Contact
G-36, UPSIDC, Industrial Area, Deva Road, Chinhut - 226 019, Lucknow, Uttar Pradesh, India Email: www.concordgroup.in ® KAPTIFY Consulting Strategy & Investor Relations | Consulting (M): +91-845 288 6099 [email protected] www.kaptify.in 48
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