MarketFriction

Exicom Tele-Systems Ltd

NSE EXICOM · BSE 544133 · Heavy Electrical Equipment
₹151.10 -0.66%
NSE close2026-10-01
52 week range75.60 - 189.17
Market cap₹2,126 Cr.
IPO 2024 · +6% since Price band 20% Delivery 36.6%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales190264301252153197266205282277388331
Expenses167233261227168228282244314309388353
Operating Profit23314025-15-31-16-39-33-320-22
OPM %12%12%13%10%-10%-16%-6%-19%-12%-12%0.1%-7%
Other Income82571463-43615
Interest5643916151613111616
Depreciation4555711332527293539
Profit before tax23223524-16-52-61-83-70-68-49-72
Tax %21%59%22%24%9%-6%1%0%-2%0%11%2%
Net Profit1892718-17-49-62-83-69-68-54-74
EPS in Rs1.680.851.981.31-1.23-3.53-4.48-5.98-4.95-4.88-3.90-5.29
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5138437081,0208681,1521,277
Expenses4837756559079051,2551,364
Operating Profit306753113-37-103-87
OPM %6%8%8%11%-4.3%-9%-7%
Other Income2-19-101831615
Interest14191919435656
Depreciation1415161956116130
Profit before tax415893-105-269-258
Tax %4%65%-5%31%5%2%
Net Profit35864-110-274-265
EPS in Rs4.166.199.654.60-7.92-19.71-19.02
Dividend Payout %0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%18%18%56%
Compounded Profit Growth%%%-30%
Stock Price CAGR%%%7%
Return on Equity%-13%-17%-41%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777121121139
Reserves206214225601493512
Borrowings12212813346707713
Other Liabilities343254340245347625
Total Liabilities6786037051,0131,6681,989
Fixed Assets931017992586861
CWIP1918522797
Investments111111
Other Assets5654846208981,0021,120
Total Assets6786037051,0131,6681,989
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1356328-169-87
Cash from Investing Activity-20-108-286-489-155
Cash from Financing Activity46-17-16317614224
Net Cash Flow1329-560-44-18
Free Cash Flow-313610-16-773-405
CFO/OP-33%102%12%30%424%80%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2347316279140130
Inventory Days110769098177193
Days Payable27593199101133171
Cash Conversion Cycle68575476184152
Working Capital Days884379888138
ROCE %17%15%20%-6%-15%
Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.57%69.57%69.57%69.57%69.57%69.50%66.47%66.47%66.47%65.20%
FIIs1.53%1.00%0.95%0.74%0.60%0.48%0.52%0.06%0.20%0.20%
DIIs10.19%8.49%6.48%5.66%3.79%3.82%3.88%3.68%3.46%0.31%
Public18.71%20.93%22.99%24.04%26.03%26.18%29.13%29.78%29.86%34.29%
No. of Shareholders76,28791,5251,36,6411,56,4461,58,2311,52,8881,49,8631,42,9661,36,4961,39,051

Fundamentals

Market Cap₹ 2,126 Cr.
Current Price₹ 153
Book Value₹ 46.8
ROCE-14.7 %
ROE-40.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)56%
Compounded Profit Growth (TTM)-30%
Consolidated figures.
Valuation
Market capRs 2,100 Cr
Enterprise valueRs 2,173 Cr
Price to book9.48x
Price to sales1.64x
EV / sales1.70x
Price to cash flow37.48x
Earnings yield-12.60%
Profitability
Operating margin (excl. other income)8.00%
Operating margin (incl. other income)5.73%
EBITDA margin-5.61%
Pre-tax margin-20.23%
Net profit margin-20.71%
Net margin, latest quarter-22.22%
ROE2.36%
ROCE9.65%
ROA0.80%
ROIC (approx.)-24.35%
Tax rate64.58%
Other income / net worth-8.62%
Growth
Sales growth (latest year)64.32%
Profit growth (latest year)48.99%
Sales growth QoQ-14.66%
Sales growth YoY (latest quarter)61.25%
Per share
EPS (TTM)Rs -19.03
EPS (latest year)Rs 7.11
EPS (latest quarter)Rs -5.29
Book value per shareRs 15.94
Sales per shareRs 91.90
Cash flow per shareRs 4.03
Free cash flow per shareRs -29.13
Efficiency
Asset turnover1.40x
Fixed asset turnover8.37x
Inventory turnover4.88x
Inventory days75 days
Debtor days73 days
Debtors turnover5.00x
Creditor days171 days
Cash conversion cycle152 days
Working capital days38 days
Leverage
Total debtRs 128 Cr
Cash and bankRs 55 Cr
Net debtRs 72 Cr
Debt to equity0.58x
Interest coverage-3.58x
Current ratio (filing 2026-03-31)1.21x
Quick ratio (filing 2026-03-31)0.76x
Trade payables (filing 2026-03-31)Rs 357 Cr
Owners' fund to total sources36.74%
Debt to assets21.17%
Cash flow
Cash from Operating Activity (latest year)Rs 56 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs -17 Cr
Net Cash Flow (latest year)Rs 29 Cr
Free cash flow (latest year)Rs -405 Cr
FCFE (approx.: FCF + change in debt)Rs -399 Cr
Sales to cash flow15.04x
Statement figures
Net sales (TTM)Rs 1,277 Cr
Net sales (latest year)Rs 843 Cr
Sales (latest quarter)Rs 331 Cr
Operating profit excl. other income (latest year)Rs 67 Cr
Operating profit (latest quarter)Rs -22 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs -72 Cr
PBDT (TTM)Rs -128 Cr
Profit before tax (TTM)Rs -258 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs -265 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs -74 Cr
Depreciation (TTM)Rs 130 Cr
Depreciation (latest quarter)Rs 39 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 664 Cr
Total expenditure (latest year)Rs 775 Cr
Total income (latest year)Rs 824 Cr
Share capitalRs 7 Cr
ReservesRs 214 Cr
Shareholders' fundsRs 222 Cr
Total assetsRs 603 Cr
Net blockRs 101 Cr
Capital work in progressRs 18 Cr
InvestmentsRs 1 Cr
ReceivablesRs 169 Cr
InventoryRs 136 Cr
Other liabilitiesRs 254 Cr
Shares outstanding (crore)13.90
Ownership
Promoter holding65.20% (-4.30 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodEXICOMNifty 50Difference
1 week-8.2%-2.8% -5.4 pts
1 month-7.3%-6.8% -0.5 pts
3 months-15.1%-7.6% -7.5 pts
6 months+98.1%+0.4% +97.7 pts
1 year+1.0%-9.9% +10.9 pts
2 years-54.5%-13.6% -41.0 pts
1 mutual fund schemes hold about ₹6 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
JM Value Fund0.70%6 +15%

Red flags

F-score 7 of 8
lookRegulator order or action Regulator order or action 2026-08-31: Exicom Tele-Systems Limited has informed the Exchange about Action(s) taken or orders passed
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 ₹331 Cr +61.5% vs Jun 2025. Net loss ₹74 Cr.
Against our estimate for Jun 2026: sales +12.7%, profit -2.8% in line. Our estimate for Sep 2026: sales Rs 433 Cr, profit Rs -101 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-07-07Rights 3:20 @ Premium Rs 133/-
DateTypeWhat it says
2026-10-01ESOPAllotment of 86811 Shares.
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-08-31Regulatory actionAction(s) taken or orders passed
2026-08-28Volume querySignificant increase in volume has been observed in Exicom Tele-Systems Limited. The Exchange, in order to ensure that investors have latest relevant ...
2026-08-28Volume querySignificant increase in volume has been observed in Exicom Tele-Systems Limited. The Exchange, in order to ensure that investors have latest relevant ...
2026-08-27General UpdatesDispatch of letters to shareholders (non-email cases) providing weblink(s), including exact path(s) and QR Code(s) to access the Notice of the 32nd AG...
2026-08-26Shareholder meetingNotice of the 32nd Annual General Meeting to be held on September 28, 2026
2026-08-19Press ReleaseA press release dated August 19, 2026, titled "Exicom Becomes the First Company in India to Manufacture Liquid-Cooled Power Modules for EV Chargers".
2026-08-19Product launchProduct launch
2026-08-12Concall / analyst meetTranscript
2026-08-10Concall / analyst meetLink of Recording
2026-08-10Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-10Monitoring Agency ReportSubmission of Monitoring Agency Report for the Quarter ended June 30, 2026
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Exicom Opens FY27 with Order Wins Across Both Businesses as Revenue Grows Sharply Year on Year ".
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Board meeting outcomeExicom Tele-Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05ESOP grantGrant of Stock Options under Exicom Tele-Systems Limited Employees Stock Option Scheme -2025.
2026-08-05Change in ManagementThe appointment and cessation of the Senior Management Personnel of the Company as detailed in the enclosed intimation.
2026-08-04Concall / analyst meetSchedule of meet
2026-08-04General UpdatesBoard of Directors of Exicom Power Solutions B.V., Netherlands ("Exicom B.V."), a material subsidiary of the Company has approved the conversion of O...
2026-06-26ResignationResignation of Director/KMP/SMP
2026-06-26Change in ManagementResignation of Mr. Aman Sharma- Head of IT & Applications (Senior Management Personnel), effective from June 30, 2026.
2026-06-12Disclosure under SEBI TakeovAnant Nahata has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-06-10Disclosure under SEBI TakeovSatellite Finance Private Limited  has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
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.
Close to Close price movement greater than 75perc in previous 6 monthsEPS in the scrip is zero (4 trailing quarters)High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsLoss making

Quick answers

What is the market cap of Exicom Tele-Systems Ltd?

Exicom Tele-Systems Ltd (EXICOM) has a market capitalisation of Rs 2,126 Cr. at the 2026-10-01 close.

What were Exicom Tele-Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, Exicom Tele-Systems Ltd sales was Rs 331 Cr (+61.5% vs Jun 2025) with a net loss of Rs 74 Cr.

What is the 52-week high and low of Exicom Tele-Systems Ltd?

The 52-week high is Rs 189.17 and the 52-week low is Rs 75.60.

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