Extended Price Decline and Market Underperformance
The stock has experienced a consecutive 10-day losing streak, resulting in a cumulative return decline of -22.98% over this period. On 23 February 2026, Concord Enviro Systems Ltd closed down by 0.99%, underperforming the Sensex, which gained 0.31% on the same day. Over the past week, the stock fell by 4.68%, compared to a marginal 0.25% decline in the Sensex. The one-month and three-month performances have been notably weak, with losses of 14.65% and 19.62% respectively, while the Sensex posted gains of 1.88% and a smaller decline of 2.54% over the same intervals.
Year-to-date, the stock has declined by 25.77%, significantly underperforming the Sensex’s 2.52% fall. Over the last year, Concord Enviro Systems Ltd’s returns stand at -28.23%, contrasting sharply with the Sensex’s positive 10.30% gain. The stock has also failed to generate any returns over the past three and five years, while the Sensex has delivered 39.37% and 66.97% respectively during these periods. Over a decade, the Sensex’s return of 254.85% further highlights the stock’s relative underperformance.
Technical Indicators Reflect Bearish Momentum
Concord Enviro is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. The stock’s performance today also lagged its sector by 0.63%, underscoring its relative weakness within the Other Utilities industry.
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Financial Performance and Profitability Trends
The company has reported negative results for three consecutive quarters, with the latest quarter showing a Profit Before Tax (PBT) excluding other income of -₹6.14 crores, a decline of 162.9% compared to the previous four-quarter average. Net Profit After Tax (PAT) for the quarter stood at -₹2.33 crores, down 117.9% relative to the prior four-quarter average. Net sales also contracted by 10.5% to ₹124.58 crores in the same period.
Over the last five years, Concord Enviro Systems Ltd has experienced a compound annual growth rate (CAGR) of -19.27% in operating profits, indicating a persistent downward trend in core earnings. The company’s average Return on Equity (ROE) is 9.47%, reflecting modest profitability relative to shareholders’ funds. Return on Capital Employed (ROCE) is reported at 9, which, while modest, contributes to a valuation metric of 1.2 for Enterprise Value to Capital Employed, suggesting the stock is trading at an attractive valuation relative to its capital base.
Institutional Investor Activity and Market Sentiment
Institutional investors have reduced their holdings by 1.31% over the previous quarter, now collectively holding 10.93% of the company’s shares. This decline in institutional participation may reflect a reassessment of the company’s fundamentals by investors with greater analytical resources.
The company’s Mojo Score currently stands at 38.0, with a Mojo Grade of Sell, downgraded from Hold on 10 November 2025. The Market Capitalisation Grade is 4, indicating a micro-cap status with limited market liquidity and scale.
Comparative Performance Within the Sector and Market
Concord Enviro Systems Ltd’s underperformance is evident not only against the Sensex but also relative to the BSE500 index over multiple time frames including three months, one year, and three years. The stock’s inability to generate positive returns over extended periods contrasts with broader market gains, highlighting the severity of its current position.
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Profitability and Valuation Metrics in Context
Despite the challenging financial results, the company’s valuation metrics suggest a relatively low Enterprise Value to Capital Employed ratio of 1.2, which may be considered attractive from a purely valuation standpoint. However, this is tempered by the significant decline in profits, which have fallen by 39% over the past year, underscoring the ongoing pressures on the company’s earnings capacity.
The combination of negative quarterly results, declining sales, and reduced institutional interest paints a comprehensive picture of the current difficulties faced by Concord Enviro Systems Ltd. The stock’s proximity to its 52-week low and its sustained underperformance relative to both sector and market benchmarks further illustrate the severity of the situation.
Summary of Key Metrics
To summarise, Concord Enviro Systems Ltd’s key performance indicators as of 23 February 2026 include:
- Stock price near 52-week low at ₹335, just 0.45% above the lowest point
- 10 consecutive days of price decline, with a cumulative loss of 22.98%
- Negative quarterly PBT excluding other income of -₹6.14 crores, down 162.9%
- Negative PAT of -₹2.33 crores, down 117.9%
- Net sales decline of 10.5% to ₹124.58 crores
- Five-year CAGR in operating profits of -19.27%
- Average ROE of 9.47% and ROCE of 9
- Institutional shareholding reduced by 1.31% to 10.93%
- Mojo Score of 38.0 with a Sell grade, downgraded from Hold in November 2025
The stock’s performance and financial metrics collectively indicate a period of sustained difficulty for Concord Enviro Systems Ltd, reflected in its all-time low share price and ongoing negative trends across multiple indicators.
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