Exicom Tele-Systems
Exicom Tele-Systems
Capital GoodsKey Fundamentals
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Key Insights
Strengths
2- Company is expected to give good quarter
- Company's working capital requirements have reduced from 69.0 days to 38.5 days
Weaknesses
5- Stock is trading at 3.89 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.27%
- Company has a low return on equity of -17.1% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 265 | 190 | 264 | 301 | 252 | 153 | 197 | 266 | 205 | 282 | 277 | 388 | 331 |
| Expenses | 247 | 167 | 233 | 261 | 227 | 168 | 228 | 282 | 244 | 314 | 309 | 388 | 353 |
| Operating Profit | 18 | 23 | 31 | 40 | 25 | -15 | -31 | -16 | -39 | -33 | -32 | 0 | -22 |
| OPM % | 7% | 12% | 12% | 13% | 10% | -10% | -16% | -6% | -19% | -12% | -12% | 0.1% | -7% |
| Other Income | 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 |
| PBT | 13 | 23 | 22 | 35 | 24 | -16 | -52 | -61 | -83 | -70 | -68 | -49 | -72 |
| Tax % | 28% | 21% | 59% | 22% | 24% | 9% | -6% | 1% | 0% | -2% | 0% | 11% | 2% |
| Net Profit | 10 | 18 | 9 | 27 | 18 | -17 | -49 | -62 | -83 | -69 | -68 | -54 | -74 |
| EPS in Rs | 11.61 | 1.68 | 0.85 | 1.98 | 1.31 | -1.23 | -3.53 | -4.48 | -5.98 | -4.95 | -4.88 | -3.9 | -5.29 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 513 | 843 | 708 | 1,020 | 868 | 1,152 | 1,277 |
| Expenses | 483 | 775 | 655 | 907 | 905 | 1,255 | 1,364 |
| Operating Profit | 30 | 67 | 53 | 113 | -37 | -103 | -87 |
| OPM % | 6% | 8% | 8% | 11% | -4.3% | -9% | -7% |
| Other Income | 2 | -19 | -10 | 18 | 31 | 6 | 15 |
| Interest | 14 | 19 | 19 | 19 | 43 | 56 | 56 |
| Depreciation | 14 | 15 | 16 | 19 | 56 | 116 | 130 |
| PBT | 4 | 15 | 8 | 93 | -105 | -269 | -258 |
| Tax % | 4% | 65% | -5% | 31% | 5% | 2% | — |
| Net Profit | 3 | 5 | 8 | 64 | -110 | -274 | -265 |
| EPS in Rs | 4.16 | 6.19 | 9.65 | 4.6 | -7.92 | -19.71 | -19.02 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 121 | 121 | 139 |
| Reserves | 206 | 214 | 225 | 601 | 493 | 512 |
| Borrowings | 122 | 128 | 133 | 46 | 707 | 713 |
| Other Liabilities | 343 | 254 | 340 | 245 | 347 | 625 |
| Total Liabilities | 678 | 603 | 705 | 1,013 | 1,668 | 1,989 |
| Fixed Assets | 93 | 101 | 79 | 92 | 586 | 861 |
| CWIP | 19 | 18 | 5 | 22 | 79 | 7 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 565 | 484 | 620 | 898 | 1,002 | 1,120 |
| Total Assets | 678 | 603 | 705 | 1,013 | 1,668 | 1,989 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -13 | 56 | 3 | 28 | -169 | -87 |
| Investing | -20 | -10 | 8 | -286 | -489 | -155 |
| Financing | 46 | -17 | -16 | 317 | 614 | 224 |
| Net Cash Flow | 13 | 29 | -5 | 60 | -44 | -18 |
| Free Cash Flow | -31 | 36 | 10 | -16 | -773 | -405 |
| CFO/OP | -33 | 102 | 12 | 30 | 424 | 80 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 234 | 73 | 162 | 79 | 140 | 130 |
| Inventory Days | 110 | 76 | 90 | 98 | 177 | 193 |
| Days Payable | 275 | 93 | 199 | 101 | 133 | 171 |
| Cash Conversion Cycle | 68 | 57 | 54 | 76 | 184 | 152 |
| Working Capital Days | 88 | 43 | 79 | 88 | 81 | 38 |
| ROCE % | — | 17% | 15% | 20% | -6% | -15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY21–FY26.
Documents
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Company Information
Incorporated in 1994, Exicom Tele-Systems Ltd manufactures EV chargers and Critical Power components[1]
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