Concord Enviro Systems IPO Review

Concord Enviro Systems have been at the forefront of innovation, introducing groundbreaking technology in Reverse Osmosis, since their inception in 1992. With over 30 years of experience, they continue to lead the way in industrial wastewater solutions, developing cutting-edge Green ZLD solutions that contribute to a circular economy.

The Company is promoted by strong and experienced Promoters, namely, PRAYAS GOEL AND PRERAK GOEL.

The Revenues from operations for the period ended on Aug 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,080.24 Million, ₹ 5,122.74 Million, ₹ 3,504.97 Million and ₹ 3,375.70 Million respectively. The EBITDA for the period ended on Aug 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 154.16 Million, ₹ 836.64 Million, ₹ 506.42 Million, and ₹ 625.22 Million, respectively. The Profit after Tax for the period ended on Aug 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ -11.07 Million, ₹ 415.93 Million, ₹ 125.14 Million, and ₹ 192.44 Million respectively.

For the Concord Enviro Systems IPO, the company is issuing shares at a pre-issue EPS of ₹ 22.7 and a post-issue EPS of ₹ 20.10. The pre-issue P/E ratio is 30.79x, while the post-issue P/E ratio is 34.88x against the Industry P/E ratio is 49x. The company's ROCE for FY24 is 14.07% and RoE for FY24 is 13.73%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Concord Enviro Systems showing potential listing gains of 21.97%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Concord Enviro Systems Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
You can connect with the Author on Telegram, YouTube and Website.