Home/IPOs/CEWATER
Start Date19-12-2024
Application Timing10am-5pm
Price Range₹665 - ₹701
Min Qty21
Min. Investment₹13965
Listing DateNA
Close Date23-12-2024
About Concord Enviro Systems Limited
Concord Enviro Systems Limited is a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology. Company is an integrated provider of wastewater treatment and ZLD solutions, with focus on energy optimization and recovery helping industries achieve water conservation and sustainability goals. Company has clients in diverse regions and exports to countries in North America, Latin America, Africa, Middle East and Southeast Asia. It has a large customer base of 377 customers across the globe. Company also provides solutions to customers on a turnkey basis.
Why To Invest in Concord Enviro Systems Limited
Global water and wastewater treatment and reuse solutions provider with clients across the globe.
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- Investment in the wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for the treatment of water, wastewater and related membrane modules (the “U.A.E Project”);
- Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), for financing its capital expenditure requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);
- Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
- Investment in our wholly owned Subsidiary, Concord Enviro FZE, for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Concord Enviro FZE;
- Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
- Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
- Investment in technology and other growth initiatives to access new markets
Financial Table
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue From Operations (Rs. Cr) | 496.8 | 343.2 | 329.3 |
| Profit After Tax (Rs. Cr) | 41.4 | 5.5 | 16.4 |
Strengths And Risks
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Market leader: As of Fiscal 2024 we were among the top two largest ZLD solutions providers in India in terms of the revenue, In addition, we are one of the major Indian manufacturer of offshore desalination systems,
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Integrated solutions provider : We are an end-to-end solutions provider for the entire wastewater treatment needs of our customers across a diverse set of industries such as pharmaceutical, chemicals, food and beverage, defence and offshore, automotive and auto ancillaries, steel and textiles.
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Established international presence : In Fiscal 2024, company exported products and delivered services to over 16 countries in Asia, North Africa, Latin America and Europe. Their major international customers are Diageo Mexico Operaciones, S.A. De C.V. and AB Mauri. Focus on quality and large range of global certifications has enabled them to have a wide global presence.
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Diversified customer base: Company provides wastewater treatment products and services to industries such as pharmaceutical,
chemicals, food and beverage, defence and offshore, automotive and auto ancillaries, steel and textiles industries, amongst others.
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Manufacturing process: Company's manufacturing operations require continuous supply of electricity and water and any shortage or nonavailability may adversely affect operations.
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Client conncentration risk: Company derives substantial portion of revenue (more than 60%) from top 20 customers. Cancellation by customers or delay or reduction in their orders could have adverse effect on its business.
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Working capital intensive: business requires significant amount of working capital for day-to-day operations, procurement of raw materials and production as there is considerable time interval between purchase of raw materials and realisation from sale.
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