MarketFriction

ADC India Communications Ltd

BSE 523411 · Telecom - Equipment & Accessories
₹2,241.45 -3.58%
BSE close2026-10-01
Market cap₹1,055 Cr.
P/E46.8

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales48.1042.0744.1148.6350.7941.9245.7445.1145.7547.9661.2463.42
Expenses38.6933.9935.3940.1240.1734.8642.7339.1941.2542.2456.7552.58
Operating Profit9.418.088.728.5110.627.063.015.924.505.724.4910.84
OPM %19.56%19.21%19.77%17.50%20.91%16.84%6.58%13.12%9.84%11.93%7.33%17.09%
Other Income0.610.500.730.881.080.741.110.790.982.020.520.79
Interest0.000.000.020.020.000.000.010.000.000.000.000.00
Depreciation0.050.050.050.050.060.050.050.050.060.100.110.11
Profit before tax9.978.539.389.3211.647.754.066.665.427.644.9011.52
Tax %25.18%25.21%25.91%25.32%25.09%24.77%27.34%25.38%20.48%19.76%28.37%25.52%
Net Profit7.456.386.946.968.725.832.954.974.316.133.518.58
EPS in Rs16.2013.8715.0915.1318.9612.676.4110.809.3713.337.6318.65
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales586065867860121143179187200218
Expenses555662807355110133153158179193
Operating Profit343655111026292126
OPM %6%6%4.8%7%6%8%9%7%15%16%10%12%
Other Income333311112444
Interest000000000000
Depreciation000011000000
Profit before tax666955111128332529
Tax %11%39%40%32%27%31%25%26%25%25%23%
Net Profit5446448821241923
EPS in Rs11.358.437.7012.748.267.8718.4317.7644.9853.1741.1548.98
Dividend Payout %22%36%52%188%24%32%76%23%67%56%61%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%27%12%19%
Compounded Profit Growth14%39%32%0%
Stock Price CAGR23%50%47%34%
Return on Equity20%26%30%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital555555555555
Reserves323640423436384647666582
Borrowings000000000000
Other Liabilities261415141815222526334448
Total Liabilities625459615755657678104114135
Fixed Assets444444333333
CWIP000000000000
Investments000000000000
Other Assets585056575351627375101111131
Total Assets625459615755657678104114135
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity73305358-4192613
Cash from Investing Activity222211111122
Cash from Financing Activity-4-14-1-2-13-3-1-1-6-2-25-2
Net Cash Flow5-930-7147-1019313
Free Cash Flow73304358-4192613
CFO/OP270%151%132%83%124%113%161%108%-0%99%117%95%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7768726964611096151576082
Inventory Days474453614445894572604238
Days Payable8486968281771679075837496
Cash Conversion Cycle402629492630301648352924
Working Capital Days-33404350323747254639831
ROCE %17%15%15%13%20%13%13%24%22%45%47%31%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.35%0.12%0.12%0.12%0.09%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.00%
Public27.97%27.98%27.98%27.99%27.98%27.97%27.98%27.64%27.87%27.86%27.83%27.88%
No. of Shareholders4,7734,9274,9706,0837,8858,1538,4798,8718,1807,9457,7487,668

Fundamentals

Market Cap₹ 1,055 Cr.
Current Price₹ 2,294
Stock P/E46.8
Book Value₹ 188
ROCE31.4 %
ROE24.2 %
Dividend Yield1.09 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)0%
Standalone figures.
Valuation
Market capRs 1,031 Cr
Enterprise valueRs 970 Cr
P/E (TTM)45.76x
Price to book11.89x
Price to sales4.72x
EV / EBITDA32.46x
EV / EBIT32.88x
EV / sales4.44x
Price to cash flow76.89x
Earnings yield2.19%
Dividend yield1.12%
P/E, 3-year average25.00x
P/B, 3-year average7.08x
P/E, 5-year average24.85x
P/B, 5-year average5.84x
Profitability
Operating margin (excl. other income)10.31%
Operating margin (incl. other income)12.47%
EBITDA margin13.68%
Pre-tax margin13.50%
Net profit margin10.32%
Net margin, latest quarter13.53%
ROE24.17%
ROCE31.44%
ROA15.21%
ROE, 3-year average30.87%
ROCE, 3-year average41.08%
ROA, 3-year average20.12%
ROE, 5-year average25.36%
ROCE, 5-year average33.90%
ROA, 5-year average16.60%
ROIC (approx.)89.45%
Tax rate23.11%
Other income / net worth4.97%
Growth
Sales growth (latest year)6.93%
Profit growth (latest year)-22.61%
Sales CAGR, 3 years11.87%
Sales CAGR, 5 years27.29%
Profit CAGR, 3 years32.33%
Profit CAGR, 5 years39.22%
Sales growth QoQ3.56%
Profit growth QoQ144.44%
Sales growth YoY (latest quarter)40.59%
Profit growth YoY (latest quarter)72.64%
Per share
EPS (TTM)Rs 48.98
EPS (latest year)Rs 41.15
EPS (latest quarter)Rs 18.65
EPS, 3-year averageRs 46.43
EPS, 5-year averageRs 35.10
Book value per shareRs 188.46
Sales per shareRs 474.72
Cash flow per shareRs 29.15
Free cash flow per shareRs 28.26
Dividend per share (latest year)Rs 25.00
Dividend per share, 3-year averageRs 28.33
Dividend per share, 5-year averageRs 20.60
Dividends
Dividend payout60.75%
Dividend payout, 3-year average61.29%
Dividend payout, 5-year average56.47%
Efficiency
Asset turnover1.49x
Fixed asset turnover61.37x
Inventory turnover9.58x
Inventory days38 days
Debtor days82 days
Debtors turnover4.47x
Creditor days96 days
Cash conversion cycle24 days
Working capital days31 days
Leverage
Cash and bankRs 61 Cr
Net debtRs -61 Cr
Net debt / EBITDA-2.05x
Interest coverage2949.00x
Owners' fund to total sources64.40%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 13 Cr
Free cash flow (latest year)Rs 13 Cr
Cash from ops / profit, 5 years0.78x
Sales to cash flow14.92x
Statement figures
Net sales (TTM)Rs 218 Cr
Net sales (latest year)Rs 200 Cr
Sales (latest quarter)Rs 63 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 30 Cr
PBDT (TTM)Rs 30 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 23 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 166 Cr
Total expenditure (latest year)Rs 179 Cr
Total income (latest year)Rs 204 Cr
Share capitalRs 5 Cr
ReservesRs 82 Cr
Shareholders' fundsRs 87 Cr
Total assetsRs 135 Cr
Net blockRs 3 Cr
ReceivablesRs 45 Cr
InventoryRs 17 Cr
Other liabilitiesRs 48 Cr
Shares outstanding (crore)0.46
Ownership
Promoter holding72.02% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 45.8 is at the 85th percentile of its own 9.4-year range (median 28.1, low 9.0, high 79.1).
P/B 11.89 is at the 91th percentile (median 3.29).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period523411Nifty 50Difference
1 week-5.3%-2.8% -2.6 pts
1 month-8.5%-6.8% -1.7 pts
3 months-5.3%-7.6% +2.3 pts
3 years+210.8%+14.2% +196.7 pts
5 years+646.9%+27.9% +619.0 pts

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 45% vs sales +7% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹63 Cr +40.6% vs Jun 2025. Net profit ₹9 Cr +72.6%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of ADC India Communications Ltd?

ADC India Communications Ltd (523411) has a market capitalisation of Rs 1,055 Cr. at the 2026-10-01 close.

What is the P/E ratio of ADC India Communications Ltd?

ADC India Communications Ltd trades at a P/E of 46.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were ADC India Communications Ltd's latest quarterly results?

In the Jun 2026 quarter, ADC India Communications Ltd sales was Rs 63 Cr (+40.6% vs Jun 2025) and net profit was Rs 9 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03