Concord Enviro Systems Limited (CEWATER) AI Stock Analysis

• Market Cap: ₹6.06B
• Dividend Yield: N/A
• Average Volume (3M): 3.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.84
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 1,141
• Sector: Services
• Sector Strength: N/A
• Industry: Regulated Water
• EPS (TTM): N/A
• Shares Outstanding: 20,696,234
• 10 Day Avg. Volume: 8,350
• 30 Day Avg. Volume: 3,716
• PEG Ratio: 0.49
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 1.54
• P/FCF Ratio: -43.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹276.00 ▼(-42.71% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

Overall score reflects solid financial statement fundamentals led by revenue growth and a stable balance sheet, but tempered by weak cash generation (negative free cash flow). The stock’s technical setup is notably bearish (price below key moving averages with negative momentum), and valuation signals are less supportive due to the negative P/E and lack of dividend yield data.

Positive Factors

Strong Revenue Growth

Sustained top-line growth across 2024–2025 indicates durable demand for CEWATER's water treatment solutions and expanding market penetration. Persistent revenue expansion supports scale economics, long-term contract wins with municipalities/industrials, and provides headroom to invest in product development and service capability.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow signals structural cash-generation shortfalls versus reported profits, constraining the company's ability to self-fund capex, service working capital, or return capital. Over months, this raises reliance on external financing and limits strategic optionality for expansion.

Concord Enviro Systems Limited Business Overview & Revenue Model

Company Description

Concord Enviro Systems Limited engages in providing water and wastewater treatment, and reuse solutions. It offers effluent treatment plants, anaerobic digestors, membrane bio-reactors, and sewage treatment plants; and membrane-based systems, such...

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Concord Enviro Systems Limited engages in providing water and wastewater treatment, and reuse solutions. It offers effluent treatment plants, anaerobic digestors, membrane bio-reactors, and sewage treatment plants; and membrane-based systems, such...

How the Company Makes Money

CEWATER generates revenue through multiple key streams, including the sale of water treatment systems and equipment, service contracts for maintenance and operation of water treatment facilities, and consulting services for environmental complianc...

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CEWATER generates revenue through multiple key streams, including the sale of water treatment systems and equipment, service contracts for maintenance and operation of water treatment facilities, and consulting services for environmental complianc...

Concord Enviro Systems Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	3.29B	5.92B	4.95B	3.41B	3.27B
Gross Profit	1.47B	2.67B	2.47B	1.66B	1.58B
EBITDA	729.09M	979.90M	1.36B	498.09M	615.78M
Net Income	516.22M	514.93M	414.39M	54.87M	164.77M
Balance Sheet
Total Assets	9.16B	8.49B	6.28B	5.92B	5.37B
Cash, Cash Equivalents and Short-Term Investments	1.10B	857.15M	282.30M	776.67M	196.06M
Total Debt	1.65B	1.34B	1.59B	1.70B	1.71B
Total Liabilities	3.66B	3.15B	3.05B	3.11B	2.68B
Stockholders Equity	5.50B	5.34B	3.23B	2.81B	2.69B
Cash Flow
Free Cash Flow	-486.16M	-210.11M	-445.82M	1.12B	209.44M
Operating Cash Flow	-406.53M	47.48M	-346.68M	1.17B	490.34M
Investing Cash Flow	306.38M	-1.22B	-32.69M	-498.30M	-278.85M
Financing Cash Flow	205.62M	1.25B	-40.67M	-268.79M	-119.70M

Concord Enviro Systems Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 481.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CEWATER, the sentiment is Neutral. The current price of 481.75 is above the 20-day moving average (MA) of 263.02, above the 50-day MA of 331.01, and above the 200-day MA of 461.98, indicating a neutral trend. The MACD of -15.13 indicates Negative momentum. The RSI at 48.34 is Neutral, neither overbought nor oversold. The STOCH value of 60.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CEWATER.

Concord Enviro Systems Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CEWATER	56 Neutral	₹6.06B	-28.45	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MAHEPC	55 Neutral	₹2.89B	13.84	―	―	17.09%	―
SADBHAV	46 Neutral	₹1.43B	-0.64	―	―	―	―
BANKA	42 Neutral	₹589.95M	-122.34	―	―	-4.57%	23.01%
IL&FSENGG	40 Underperform	₹3.15B	-220.26	―	―	-6.13%	98.35%

Concord Enviro Systems Limited Corporate Events