About Company

• The Company was originally incorporated as “Concord Enviro Systems Pvt. Ltd” in July,1999. The name was changed to “Concord Enviro Systems Ltd”, upon conversion into a public company, in June 2022.
• The company is a provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology. The company has in-house capabilities to develop solutions across the entire value chain including designing, manufacturing, installation and commissioning, operation and maintenance (“O&M”) and digitalization solutions including Internet of Things (“IoT”).
• As of August 31, 2024, the company serviced over 289 domestic customers and 21 international customers across a diverse set of industries such as pharmaceuticals, chemicals, food and beverage, defence and energy, automotive and auto ancillaries, steel and textiles.
• As of August 31, 2024, the company exported its products and delivered its services to over 14 countries in Asia, North Africa, Latin America and Europe.
• As of FY2024 the company was among the Top 2 largest ZLD solutions providers in India in terms of the revenue and through its recycling solutions.
• The company has 2 manufacturing facilities, one located at Vasai in Maharashtra, India, and the other at Sharjah in the UAE.
• The company develops its solutions through its in-house R&D team. As of August 31, 2024, the company had been awarded 4 patents in India and had filed 9 additional patent applications.
• As of August 31, 2024, the company’s Order Book was ? 501.75 Cr, of which 74.50% comprises system and plant orders and 25.50% comprises after-sales revenue (including consumables and spares orders and O&M services orders).
• The company’s revenues from operations grew to ? 496.86 cr in FY24 from ? 329.36 Cr in FY22, EBITDA grew to ? 81.15 Cr in FY24 from ?61.43 Cr in FY22 and EBITDA margins stood at16.33% in FY24 vs. 18.65% in FY22. The company reported a PAT of ?41.44 Cr in FY24 vs. PAT of ? 16.47 Cr in FY22.

Strengths

Competitive Strength 

• Expertise in ZLD technology in India and well placed to harness global industry opportunities
• Integrated solutions provider supported by backward integrated manufacturing facilities
• Established presence in international markets
• Diversified customer base across multiple industries and geographies
• Focus on innovation supported by R&D and design capabilities
• Promoters and management team delivering financial performance

 Business Strategies 

• Add new capacity for the manufacture of membrane modules, WHE modules and containerised plants
• Expand into new sectors for wastewater reuse and zero liquid discharge
• Expand the presence in existing geographies and enter new markets
• Focus on growing the new business initiatives such as design and installation of CBG Plants
• Cross sell new products to existing customers
• Leverage the in-house capabilities to address the growing demand for IoT applications in the water and wastewater sector
• Grow the “pay per use/pay as you treat” business model

Company Promoters

Company Financials

Concord Enviro Systems Limited's revenue increased by 46% and profit after tax (PAT) rose by 655% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:

1. 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”);
2. 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”);
3. Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
4. 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;
5. Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
6. Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
7. Investment in technology and other growth initiatives to access new markets; and
8. General corporate purposes. (collectively, referred to herein as “Objects”)