Portfolio Stock of Mukul Agrawal & Ashish Kacholia Hits 6th Straight Upper Circuit After Strong H2FY25 Results

On Monday, shares of Concord Control Systems Ltd. maintained a 2% upper circuit cap at Rs 1,312.65, ensuring they have hit the upper circuit for six consecutive sessions. This growth was driven by strong financial results for the second half of H2FY25, which seems to please investors and market analysts alike.

The stock is a small-cap and is backed by well-known investors like Ashish Kacholia and Mukul Agrawal and has gained 12.6% over the past six trading sessions. The stock's surge follows a sharp correction earlier this year when the stock hit its lower circuit for 9 days in a row. The stock, although up nearly 36%, is still 36% below its 52-week high of Rs 2,062.05 reached in September 2024. Earlier in the year, the stock hit a 52-week low of Rs 651.75 in June 2024 but is now up 101%.

Concord Control Systems Limited has reported a strong financial performance for the second half of FY25, posting a consolidated net profit of Rs 14.4 crore. This marks a 73% growth over H1 FY25 and an impressive 106% increase year-on-year (YoY) compared to Rs 7 crore in H2 FY24.

The company's consolidated revenue from operations surged to Rs 74.7 crore in H2 FY25, reflecting a 50% increase over Rs 49.7 crore in H1 FY25 and a 113% jump from Rs 35 crore in H2 FY24. EBITDA stood at Rs 15 crore, growing by 7% over the previous half and 67% YoY. However, EBITDA margins contracted to 20%, compared to 28% in H1 FY25 and 26% in H2 FY24, due to rising input costs and expansion-related investments.

Concord has now reported revenue growth of 90% for FY25, hitting Rs 124.5 crore. This comes after a previous figure in FY24 of 65.5 crore, which shows a net profit increased by 77%, hitting Rs 22.65 crore from a prior Rs 12.8 crore in FY24.

Based on the March 2025 data on shareholdings, leading shareowner Mukul Mahavir Agrawal possesses a 3.81% stake in the company, while fellow shareholder Ashish Kacholia has a 1.21% shareholding. The promoters still control 67.06% of the company's shares, retail investors have 32.51%, and Domestic Institutional Investors (DIIs) only 0.43%.

Concord Control Systems is an ISO 9001:2015 certified firm that focuses on the manufacture of railway coaches and electrification parts for Indian Railways and their contractors. Its product list includes inter-vehicular couplers, emergency lighting systems, brushless DC fans, exhaust fans, cable jackets, bellows, battery chargers, and tensile testing machines.

With its policies centered on providing low-cost, technologically advanced solutions, the company greatly contributes to the ongoing modernization of India's railway infrastructure. Notwithstanding the recent volatility in stock prices, the company's strong business fundamentals, alongside its strategic investors, support its long-term growth potential.

Concord Control Systems Ltd. (CCS), through its wholly owned subsidiary Advanced Rail Controls Private Ltd based in Bangalore, is a leader in advanced embedded control solutions for the rail sector. CCS through ARC has developed cutting-edge technologies, including a wireless distributed power system that enabled Indian Railways to run its longest-ever freight train using multiple locomotives and 36,000 HP of traction power. With a strong focus on in-house R&D, CCS thru ARC offers a range of high-performance products such as TCN-based vehicle control systems (IEC-61375), IEC-61131 compliant control software, MVB-based driver interfaces, remote diagnostics and fleet tracking tools, wireless remote controls for distributed power, Hall-effect speed sensors, and Doppler radar-based adhesion control systems. Backed by experienced professionals from the railways, defence, and aerospace sectors, CCS is now expanding its global footprint with technologies that prioritize safety, energy efficiency, and reliability in modern rail operations.