Exicom Tele-Systems Ltd.

•

exicom.inBSE: 544133NSE: EXICOM

Market Cap₹ 2,533 Cr.

Current Price

High / Low₹ 189 / 76

Stock P/E—

Book Value₹ 41

Price to Book1.64

Dividend Yield0.00 %

ROCE-19.7 %

ROE-43.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Critical Power: 55.7% • EV Charger: 44.3%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good sales growth of 17.6% CAGR over last 5 years
Working capital cycle has improved - days down from 171 to 57

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on equity of -15.6% over last 3 years
Company has a low return on capital employed of -2.0%
Interest coverage is weak at -3.8x - earnings barely cover interest
Promoter holding has decreased over last 2 years: -4.4pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7269.10	51.56	154038.32	0.54	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	CGPOWER	910.00	114.69	143365.96	0.14	308.28	15.52	3280.81	13.99	27.94	12.11
3.	SIEMENS	3960.90	43.07	141055.77	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	POWERINDIA	31415.40	121.72	140025.86	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
5.	GVT&D	4545.00	623.18	116373.15	0.22	362.99	24.65	1836.14	38.04	75.51	25.10
6.	ENRIN	3178.75	76.08	113201.81	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
7.	WAAREEENER	2627.50	19.80	75580.39	0.15	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17496.15	62.01	73260.47	0.34	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1114.80	42.84	69960.57	0.90	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	44.16	19.31	60700.73	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1227.70	159.75	29354.80	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	EXICOM	182.15	96.54	2533.34	0.00	-73.57	11.50	331.07	61.25	-19.73	-6.61

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	265	190	264	301	252	153	197	266	205	282	277	388	331
	247	167	233	261	227	168	228	282	244	314	309	388	408
Operating Profit	18	23	31	40	25	-15	-31	-16	-39	-33	-32	0	-77
OPM %	6.74%	12.34%	11.77%	13.20%	9.85%	-9.51%	-15.86%	-6.18%	-18.79%	-11.60%	-11.68%	0.07%	-23.25%
	4	8	2	5	7	14	6	3	-4	3	6	1	5
Interest	5	5	6	4	3	9	16	15	16	13	11	16	16
Depreciation	4	4	5	5	5	7	11	33	25	27	29	35	39
Profit before Tax	13	23	22	35	24	-16	-52	-61	-83	-70	-68	-49	-72
Tax %	27.70%	21.12%	59.45%	21.80%	23.78%	-8.54%	6.04%	-1.45%	-0.30%	1.62%	-0.47%	-11.11%	-2.14%
Net Profit	0	0	0	0	18	-17	-49	-62	-83	-69	-68	-54	-74
	1.05	1.94	0.98	2.88	1.51	-1.39	-4.00	-5.08	-6.87	-5.35	-5.12	-4.03	-4.98

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	203	513	843	708	1,020	868	1,152	1,277
	198	483	775	656	908	905	1,255	1,419
Operating Profit	5	30	67	52	112	-37	-103	-142
OPM %	2.55%	5.75%	8.00%	7.39%	10.99%	-4.31%	-8.97%	-11.09%
	2	11	6	15	19	31	6	15
Interest	3	14	19	19	19	43	56	56
Depreciation	4	14	15	16	19	56	116	130
Profit before Tax	-1	13	40	32	93	-105	-269	-258
Tax %	-31.22%	1.18%	23.57%	-1.15%	31.43%	-4.53%	-1.81%	-2.38%
Net Profit	-1	13	30	33	64	-110	-274	-265
EPS	0.00	4.77	7.10	0.87	5.29	-9.11	-19.71	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 18%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 25%

RETURN ON EQUITY

10 Years:: —
5 Years:: -4%
3 Years:: -16%
Last Year:: -44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	7	7	7	121	121	139
	75	206	214	225	601	489	507
	40	119	124	129	44	646	643
Trade Payables	57	292	165	282	202	213	357
	11	25	69	40	42	197	338
Total Liabilities	189	650	580	683	1,010	1,665	1,985
	25	93	101	79	92	586	861
Capital Work in Progress	13	0	0	0	20	78	0
	35	1	1	1	1	1	1
	34	117	136	128	196	282	404
	0	0	0	0	221	333	410
Cash & Bank	8	36	55	52	360	220	64
	74	403	286	423	120	165	245
Total Assets	189	650	580	683	1,010	1,665	1,985

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	-10	69	7	28	-169	-87
Cash from Investing	-27	-20	-10	8	-286	-489	-155
Cash from Financing	20	46	-17	-16	317	614	224
	-1	13	29	-5	60	-44	-18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.57	69.57	69.57	69.57	69.51	66.47	66.47	66.47	65.20
	1.00	0.95	0.74	0.60	0.48	0.52	0.07	0.20	0.20
	8.49	6.48	5.66	3.79	3.82	3.88	3.68	3.46	0.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	20.94	22.99	24.04	26.04	26.18	29.12	29.78	29.87	34.29

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Action(s) taken or orders passed

2026-08-31 - Exicom Tele-Systems Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-28

Spurt in Volume

2026-08-28 - Significant increase in volume has been observed in Exicom Tele-Systems Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Exicom Tele-Systems Limited has submitted their response.

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Exicom Tele-Systems Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28

Spurt in Volume

2026-08-28 - Significant increase in volume has been observed in Exicom Tele-Systems Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-27

General Updates

2026-08-27 - Exicom Tele-Systems Limited has informed the Exchange about dispatch 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 AGM and Annual Report of the Company for FY 2025-26

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Exicom Tele-Systems Limited has informed the Exchange about Copy of Newspaper Publication informing dispatch of notice of the 32nd Annual General Meeting of the Company.

2026-08-26

Shareholders meeting

2026-08-26 - Exicom Tele-Systems Limited has informed the Exchange regarding Notice of the 32nd Annual General Meeting to be held on September 28, 2026

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Exicom Tele-Systems Limited has informed the Exchange about Copy of Newspaper Publication (Pre-AGM Notice)

2026-08-19

Press Release

2026-08-19 - Exicom Tele-Systems Limited has informed the Exchange regarding a press release dated August 19, 2026, titled "Exicom Becomes the First Company in India to Manufacture Liquid-Cooled Power Modules for EV Chargers".

News

Recent coverage and analyst commentary for EXICOM

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Exicom Tele-Systems Ltd.

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Free 5nance Account

Name

ABB

7269.10

51.56

154038.32

0.54

3623.00

930.02

35588.70

1110.31

30.18

12.56

CGPOWER

910.00

114.69

143365.96

0.14

308.28

15.52

3280.81

13.99

27.94

12.11

SIEMENS

3960.90

43.07

141055.77

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

31415.40

121.72

140025.86

0.03

2941.50

2135.18

24936.90

1586.18

28.73

14.58

GVT&D

4545.00

623.18

116373.15

0.22

362.99

24.65

1836.14

38.04

75.51

25.10

ENRIN

3178.75

76.08

113201.81

0.13

440.90

67.83

2485.60

39.28

40.19

23.56

WAAREEENER

2627.50

19.80

75580.39

0.15

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17496.15

62.01

73260.47

0.34

4674.50

1677.98

65910.60

1191.31

31.84

11.50

HAVELLS

1114.80

42.84

69960.57

0.90

289.71

-16.64

6518.19

19.48

25.74

7.15

SUZLON

44.16

19.31

60700.73

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1227.70

159.75

29354.80

0.00

12.44

-69.84

651.36

4.78

31.01

5.23

EXICOM

182.15

96.54

2533.34

0.00

-73.57

11.50

331.07

61.25

-19.73

-6.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

265

190

264

301

252

153

197

266

205

282

277

388

331

247

167

233

261

227

168

228

282

244

314

309

388

408

Operating Profit

-15

-31

-16

-39

-33

-32

-77

OPM %

6.74%

12.34%

11.77%

13.20%

9.85%

-9.51%

-15.86%

-6.18%

-18.79%

-11.60%

-11.68%

0.07%

-23.25%

-4

Interest

Depreciation

Profit before Tax

-16

-52

-61

-83

-70

-68

-49

-72

Tax %

27.70%

21.12%

59.45%

21.80%

23.78%

-8.54%

6.04%

-1.45%

-0.30%

1.62%

-0.47%

-11.11%

-2.14%

Net Profit

-17

-49

-62

-83

-69

-68

-54

-74

1.05

1.94

0.98

2.88

1.51

-1.39

-4.00

-5.08

-6.87

-5.35

-5.12

-4.03

-4.98

Mar 2015

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

203

513

843

708

1,020

868

1,152

1,277

198

483

775

656

908

905

1,255

1,419

Operating Profit

112

-37

-103

-142

OPM %

2.55%

5.75%

8.00%

7.39%

10.99%

-4.31%

-8.97%

-11.09%

Interest

Depreciation

116

130

Profit before Tax

-1

-105

-269

-258

Tax %

-31.22%

1.18%

23.57%

-1.15%

31.43%

-4.53%

-1.81%

-2.38%

Net Profit

-1

-110

-274

-265

EPS

0.00

4.77

7.10

0.87

5.29

-9.11

-19.71

—

Dividend Payout %

0.00%

—

Mar 2015

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

121

139

206

214

225

601

489

507

119

124

129

646

643

Trade Payables

292

165

282

202

213

357

197

338

Total Liabilities

189

650

580

683

1,010

1,665

1,985

101

586

861

Capital Work in Progress

117

136

128

196

282

404

221

333

410

Cash & Bank

360

220

403

286

423

120

165

245

Total Assets

189

650

580

683

1,010

1,665

1,985

Mar 2015

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-10

-169

-87

Cash from Investing

-27

-20

-10

-286

-489

-155

Cash from Financing

-17

-16

317

614

224

-1

-5

-44

-18

Mar 2015

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

69.57

69.51

66.47

65.20

1.00

0.95

0.74

0.60

0.48

0.52

0.07

0.20

8.49

6.48

5.66

3.79

3.82

3.88

3.68

3.46

0.31

Government

0.00

20.94

22.99

24.04

26.04

26.18

29.12

29.78

29.87

34.29

Exicom Tele-Systems Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Exicom Tele-Systems Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI