A global provider of water and wastewater treatment and reuse solutions, Concord Enviro IPO, is set to open for subscription on December 19, 2024, and close on December 23, 2024.
This is one of the upcoming IPO in India and the price band is set at ₹665 to ₹701 per share. The minimum lot size for an application is 21. The minimum amount of investment needed by retail investors is ₹14,721.
The issue, totalling ₹500.33 crore, includes a fresh issue of ₹175 crore (0.25 crore shares) and an offer for sale worth ₹325.33 crore (0.46 crore shares).
Before deciding to subscribe to the Concord Enviro Systems IPO, it’s important to analyse the company’s key financial results to better understand its performance and growth potential.
| Parameters | Five months ended August 31, 2024 | Financial year ended March 31, 2024 | Financial year ended March 31, 2023 | Financial year ended March 31, 2022 |
| Revenue from Operations (₹ in million) | 2,061.71 | 4,968.59 | 3,432.19 | 3,293.66 |
| EBITDA (₹ in million) | 151.12 | 811.47 | 495.84 | 614.27 |
| EBITDA Margin (%) | 7.33 | 16.33 | 14.45 | 18.65 |
| Profit for the period (₹ in million) | 5.16 | 414.39 | 54.87 | 164.77 |
| Net worth (₹ in million) | 3,197.12 | 3,208.19 | 2,792.26 | 2,668.10 |
| Total Borrowings (₹ in million) | 1,675.33 | 1,531.87 | 1,310.61 | 1,257.56 |
In the RHP, the company stated that it has a strong international presence, with its operations extending to North America, Latin America, Africa, and Southeast Asia. They employ a market-specific approach to navigate various regulatory, competitive, and product-related challenges.
As of August 31, 2024, they export products to over 14 countries, with major clients including Diageo Mexico and AB Mauri.
Their revenue from international markets grew at a CAGR of 67.41% from ₹740.44 million in FY2022 to ₹2,075.16 million in FY2024, contributing 44.39% of total revenue in the five-month period ended August 31, 2024.
For the five-month period ending August 31, 2024, revenue within India stood at ₹1,146.43 million (55.61% of total revenue). Revenue from outside India was ₹915.28 million (44.39% of total).
In fiscal 2024, total revenue in India reached ₹2,893.43 million, reflecting a notable growth of 10.99% year-on-year. In FY 2024, the total revenue from outside India was ₹2,075.16 million, with a YoY growth of 151.47%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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