Mukul Agrawal Hold 4.01 Per Cent Stake: Major Stake Acquisition in Subsidiary Signals Growth for Indian Railways Supplier
The company has achieved a 1-Year Return of 80 per cent.
Concord Control Systems Limited has announced the acquisition of an additional 10 per cent equity stake in Advanced Rail Controls Private Limited, making it a wholly-owned subsidiary. This strategic move aligns with Concord's ongoing efforts to enhance its railway electronics portfolio. Advanced Rail Controls, a Research Design and Standards Organisation (RDSO) approved vendor, specializes in manufacturing and supplying coach-related and electrification products for Indian Railways.
The acquisition is expected to create operational synergies by leveraging the strengths of both companies. Concord Control Systems, an ISO 9001:2015 certified organization, is transitioning from a product supplier to a solution provider for Indian Railways. The company is focused on developing high-end embedded control solutions for the rail domain, with a vision to create cost-effective and globally competitive technologies for railway rolling stocks. This acquisition is part of Concord's broader strategy to embrace technological advancements and expand into new markets, further strengthening its growth potential.
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Concord Control Systems Ltd, incorporated in 2011, is a key player in the electrical machinery sector, primarily serving Indian Railways. The company is ISO 9001:2015 certified and recognized as an OEM and RDSO-approved manufacturer. Concord's product portfolio spans railway electrification and coaching, including battery chargers, control panels, testing machines, emergency lighting, and fans. The company is transitioning from a product supplier to a solution provider, with ongoing development of a prototype for control and relay panels. Concord operates manufacturing facilities in Lucknow, Bengaluru, and Hyderabad, and serves both government and private clients, including major entities like Rail Coach Factory Kapurthala and Larsen & Toubro. As of H1FY25, Concord's order book stands at Rs 206 crore, reflecting a steady growth trajectory. The company has made strategic investments, acquiring stakes in Progata India Pvt. Ltd and Concord Lab to Market Innovations Private Limited, and aims for a 40 per cent to 50 per cent year-on-year growth in FY25.
As of April 01, 2025, the stock price of Concord Control Systems Limited is Rs 1,160. The 52-Week High is Rs 2041.4, and the 52-Week Low is Rs 605.5. Concord Control Systems Limited has a market capitalization of over Rs 700 crore. The company has achieved a 1-Year Return of 80 per cent. The Price-Earnings (PE) Ratio stands at 54. Major public shareholders include Mukul Mahavir Agrawal with 4.01 per cent, Hem Chand Jain with 1.10 per cent, Vivek Parakh with 1.09 per cent and Gaurav Jain with 1.07 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.