Concord Enviro Systems Limited (CEWATER) Fair Value & Analysis
Utilities · IN · Market cap ₹7.3B
Fair value as of: Aug 2, 2026
From 15 valuation models · updated 11 days ago
Share price −21.6% over the past month.
Below-average quality, and screening another 43% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹192.18). The favourable scenario is already priced in.
- Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (₹103.48 to ₹192.18) leaves room in how you read the outcome.
Price vs Fair Value (19 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
19‑month range ₹241.25 – ₹827.10 · fair‑value band ₹103.48 – ₹192.18 · the ₹261.00 price screens above the ₹147.83 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Concord Enviro Systems Limited (CEWATER) currently trades at ₹261.00, while our model-based Fair Value estimate is ₹147.83, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Concord Enviro Systems Limited generated revenue of ₹5.6B at a net margin of 3.5%. Revenue declined 0.5% year over year. It earns a return on equity of 4.1%. Net debt stands at ₹1.0B. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹103.48 (bear case) to ₹192.18 (bull case); at ₹261.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 60% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at -43%, CEWATER screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Asset-Based (₹185.03) versus Earnings-Based (₹91.55). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 27 · Market factors (momentum, volatility) 13
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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 as ultra-filtration, nano-filtration, reverse osmosis, desalination systems, waste heat evaporators, and …
Full 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 as ultra-filtration, nano-filtration, reverse osmosis, desalination systems, waste heat evaporators, and rehabilitation and modification services. The company also provides plant operations and maintenance; consumables and spare parts, including membranes, plants chemicals, and consumables; and compressed biogas plants installation services, as well as zero liquid discharge systems and plants. It serves customers in pharmaceuticals, chemicals, distillery, food and beverage, automobiles, leachate, steel, textiles, oil and gas, tanneries, cement, paper, paint, electronics, mining and minerals, real estate, and sea water desalination solutions industries in Asia, Africa, Latin America, and Europe. The company was founded in 1992 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Concord Enviro Systems Limited reported revenue of ₹5.6B in FY2026 versus ₹3.3B in FY2022, a compound +14.3%/yr. Reported net income was ₹198M in FY2026, compounding +4.6%/yr from FY2022.
CEWATER screens 43% overvalued. Compare with American Water Works Company →
Peer Group
Utilities - Regulated Water · 67 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.33 | $65.80 | -51% |
| SBSP3 SBSP3 | R$29.22 | R$31.23 | +7% |
| SBS SBS | $5.79 | $5.21 | -10% |
| Essential Utilities, Inc WTRG | $38.59 | $21.81 | -43% |
| CSMG3 CSMG3 | R$66.10 | R$60.17 | -9% |
| Grandblue Environment Co 600323 | ¥29.42 | ¥33.29 | +13% |
| American States Water Company AWR | $85.01 | $48.02 | -44% |
| Chengdu Xingrong Environment Co 000598 | ¥6.97 | ¥10.74 | +54% |
| California Water Service Group CWT | $49.73 | $33.56 | -33% |
| Chongqing Water Group 601158 | ¥4.12 | ¥2.77 | -33% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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