Company Financial Rusult In Crore

About The Company

Established in the year 1999, Concord Enviro Systems Limited is a global leader in Zero Liquid Discharge (ZLD) technology and water and wastewater treatment solutions. The company offers complete end-to-end services ranging from design to manufacturing to O&M and IoT-driven digitalization to help industries meet sustainability and water conservation goals.

With a diversified customer base of 377 clients in pharmaceuticals, chemicals, food & beverage, and more, Concord Enviro operates in North America, Africa, the Middle East, and Asia, serving clients like Grasim Industries, LANXESS India, and Diageo Mexico Operaciones.

Concord Enviro Systems: Strengths and weaknesses

Strengths

• The company has expertise in zero liquid discharge (ZLD) technology in India and is well-placed to harness global industry opportunities in industrial wastewater reuse. The company was among the top two largest ZLD solutions providers in India in terms of revenue.
• The company is an integrated solutions provider supported by backward integrated manufacturing facilities. Its product and technology portfolio across the entire value chain of wastewater reuse solutions provides customers with lower costs of ownership during the product life cycle.
• It has an established presence in international markets spanning countries in North America, Latin America, Africa, and Southeast Asia. As of August 31, 2024, the company exported products and delivered services to over 14 countries in Asia, North Africa, Latin America and Europe.
• The company has a diversified customer base across multiple industries and geographies.

Weaknesses

• The company is dependent on and derives a substantial portion of its revenue (more than 50%) from its top 10 customers.
• During the April-August 2024 period, and the Fiscal 2024, its revenue from top 10 customers stood ₹112.74 crore and ₹ 277.99 crore, which is 54.69% and 55.95% of its revenue from operations respectively. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business.
• The company faces the risk of the contracts in its Order Book being adjusted, cancelled or suspended by customers. Therefore, the Order Book is not necessarily indicative of its future revenue or profit. Its total Order Book for August 31, 2024 was ₹501.74 crore and Fiscal 2024, was ₹463.19 crore.
• The company does not own certain of the premises of manufacturing facilities and Registered and Corporate Office, including a proposed Assembly Unit.
• Its business is dependent and will continue to depend on manufacturing facilities at Vasai and Sharjah.

Its sophisticated Indian and UAE manufacturing facilities are driven by a talented R&D team that will ensure innovative, energy-efficient solutions. As one of the market leaders in ZLD technology, Concord Enviro is well-equipped to seize global opportunities with growing demand for sustainable water management.