Concord Enviro Systems Limited is a global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (ZLD) technology. Incorporated in 1999, the company is in the business of manufacturing and trading water treatment plant components and providing technical consultancy and design services.
Concord Enviro Systems develops solutions across the entire value chain, including designing, manufacturing, installation and commissioning, operation and maintenance (O&M), and digitalization solutions, including the Internet of Things (IoT). The company operates through three main business segments: Systems and Plants, Operations and Maintenance, and Consumables and Spares. Systems and Plants include the manufacture and sale of water and wastewater treatment, reuse and ZLD systems and plants, and turnkey solutions. These solutions encompass effluent treatment plants, anaerobic digestors, membrane bioreactors, sewage treatment plants, membrane-based systems (including ultra-filtration (UF), nano-filtration (NF), reverse osmosis (RO)), desalination systems, and waste heat evaporators (WHE).
Concord Enviro Systems Ltd (CEWATER) went public through an IPO that was well-received by investors. The initial public offer (IPO) of Concord Enviro Systems was subscribed 10.67 times, opening for bidding on December 19, 2024, and closing on December 23, 2024. The price band of the IPO was fixed between Rs 665 and 701 per share, comprising a fresh issue of equity shares worth up to Rs 175 crore and an offer for sale of up to 46,40,888 equity shares.
For the full year ended March 2025, net profit rose 24.25% to ₹51.49 crore, up from ₹41.44 crore during the previous year ended March 2024. Sales increased by 19.64% to ₹594.44 crore in the year ended March 2025, compared to ₹496.86 crore in the previous year.
For the quarter ended March 2025, the company demonstrated strong performance with net profit rising 67.96% to ₹47.13 crore, as against ₹28.06 crore during the previous quarter ended March 2024. Sales rose 3.39% to ₹206.99 crore in the quarter ended March 2025, compared to ₹200.21 crore in the previous quarter.
• Q4 FY2024-25 Performance: Net Profit of ₹47.13 crore, Sales of ₹206.99 crore
• FY2024-25 Performance: Net Profit of ₹51.49 crore, Sales of ₹594.44 crore
• Market Capitalization: ₹1,175.75 Crore (as of July 4, 2025)
• 52-week High/Low: ₹860 / ₹415
• Annual Revenue Growth: 17% (on trailing 12-month basis)
• Return on Equity (ROE): 13.6%
• Return on Capital Employed (ROCE): 14.8%
• Price-to-Earnings (P/E) Ratio: 22.84
• Price-to-Book (P/B) Ratio: 3.65
• Debt-to-Equity Ratio: 2% (indicating a healthy balance sheet)
• Promoter Holding: 51.39% (as of March 2025)
Concord Enviro Systems offers a comprehensive range of products and services:
a) Water Treatment Systems
b) Water Pollution Control Equipment
c) Bio Filters
d) Resource Recovery System using Membrane Technology
e) Operational & Maintenance Services
f) Consumables & Spares
g) Rehabilitation & Modification
The company serves diverse industries, including pharmaceuticals, chemicals, food and beverage, leachate, textiles, defense, agrochemicals and fertilizers, oil and gas, tannery, and power industries. It also caters to government agencies in Asia, North Africa, Latin America, and Europe.
Concord Enviro Systems has built significant expertise over more than three decades in the water treatment industry. The company offers advanced water treatment solutions, including Green ZLD, seawater desalination, and pay-per-use models. With over 30 years of expertise, it serves various industries, addressing water scarcity with sustainable and energy-efficient designs.
A strong order book, primarily in USD, reflects confidence in future growth, particularly in the water security sector, which is projected to expand by 18% to 20% over the next two years. Strategic initiatives in sustainability, including zero liquid discharge and compressed biogas projects, position the company favorably in emerging markets, especially the U.S. Promoter holding in Concord Enviro Systems Ltd has remained stable at 51.39% as of March 2025.
While the company shows strong financial performance and growth prospects, investors should be aware of certain operational challenges. Operational efficiency remains critical, as revenue generation is subject to project lumpiness and client concentration risks. The company's performance can also be affected by the cyclical nature of capital expenditure in the industries it serves.
Concord Enviro Systems Limited represents a compelling investment opportunity in the growing water treatment and environmental solutions sector, backed by strong financial performance, diverse service offerings, and a strategic focus on sustainable technologies. The company's established market presence, coupled with increasing global emphasis on water conservation and environmental compliance, positions it well for future growth.
