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Exicom Tele-Systems Ltd

₹ 115-3.23%
05 Jan – close price
🔗exicom.in•BSE: 544133•NSE: EXICOM
Market Cap₹ 1,605 Cr.
Current Price₹ 115
High / Low₹ 266
Stock P/E1,003
Book Value₹ 65.7
Dividend Yield0.00 %
ROCE7.13 %
ROE3.23 %
Face Value₹ 10.0
Sales₹ 740 Cr.
OPM3.99 %
Mar Cap₹ 1,605 Cr.

ABOUT

Incorporated in 1994, Exicom Tele-Systems Ltd manufactures EV chargers and Critical Power components[1]

KEY POINTS

Business Overview:[1][2][3]ETSL is in the business of manufacturing critical power components such as rectifiers, AC to DC converters, etc. and also offers energy storage solutions, along with production of EV chargers. It is a sustainable energy transition vertically integrated company with a service network of 200+ engineers across 26+ states (450+ Cities). Company operates on2business fronts:a)Enabling electrification of transportation through the EV charging productsb)Facilitating energy stability of digital communication infrastructure with power conversion systems and energy storage solutions.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Siemens3086.6065.14109920.160.39485.40-7.145171.2016.0215.8317364.2011.561687.44484.908.317.460.01
2.A B B5168.5061.98109524.840.85409.04-7.173310.7213.6938.6513010.6516.561766.99408.8815.2216.040.01
3.B H E L300.05187.06104479.310.17374.89253.177511.8014.094.8729269.174.03558.54374.894.280.810.45
4.CG Power & Ind645.2595.11101618.010.20284.4429.762922.7921.1437.4811069.2912.971068.45286.7213.6214.530.02
5.Siemens Ener.Ind2564.5083.0291327.100.00359.60–2645.70–38.527826.7019.341100.10359.6020.8413.260.03
6.Hitachi Energy19004.00118.1084705.320.03264.36405.571832.5517.9419.446815.4012.60717.23264.3618.485.770.02
7.GE Vernova T&D3077.2085.6678791.710.16299.48107.081538.4638.8854.745094.7823.87919.85299.4837.7714.760.01
8.Exicom Tele-Sys.115.411003.201605.120.005.9230.68228.3853.647.13739.543.991.605.921.761.810.36
–Median: 37 Co.557.6548.386819.190.0337.3541.39460.0324.3428.091522.9113.99169.545.145.812.290.14

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
141.00261.06147.70152.96243.27150.66185.47297.54212.80154.69148.65228.38
Expenses
125.08225.87154.22142.45215.27141.86164.58251.96200.75131.59142.67213.21
Operating Profit
15.9235.19-6.5210.5128.008.8020.8945.5812.0523.105.9815.17
Other Income
0.201.6213.256.927.153.1610.713.5412.457.0513.477.20
Profit before tax
7.4526.49-12.918.8227.29-7.5020.7839.736.5921.375.884.78
Tax %
13.42%49.75%-24.40%41.72%20.85%3.33%4.57%21.97%30.80%20.45%22.79%-23.64%
Net Profit
6.4513.31-9.755.1421.60-7.7519.8330.994.5617.004.535.92
EPS in Rs
7.771.25-0.706.191.56-0.5623.892.230.331.600.330.43

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
350275309336516866752740
Expenses
324319315307464751713710
Operating Profit
26-44-629521154030
Other Income
25361413-7184636
Interest
911161817193851
Depreciation
816161516182124
Profit before tax
33-35-2310129627-9
Net Profit
15-36-11486621-7
EPS in Rs
17.84-43.93-12.844.889.454.781.51-0.50
Dividend Payout %
0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:21%
3 Years:73%
TTM:-98%

Compounded Sales Growth

10 Years:%
5 Years:22%
3 Years:31%
TTM:-22%

Return on Equity

10 Years:%
5 Years:6%
3 Years:8%
Last Year:3%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-50%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
77777121121139
Reserves
165128131136143512537775
Borrowings
5746989812246472331
Other Liabilities
152208228261195243250393
Total Liabilities
3813894645014689221,3801,638
Fixed Assets
78989198779092102
Gross Block
128.18164.99167.00186.97159.16185.47203.64–
Accumulated Depreciation
50.5866.8375.6689.1982.5095.09111.54–
CWIP
11121152279117
Investments
1070774250534
Other Assets
293282361386379806959886
Total Assets
3813894645014689221,3801,638

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2234-171691019
Cash from Investing Activity
-26-11-28149-286-438
Cash from Financing Activity
6-2546-23-16317385
Net Cash Flow
1-127241-34

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1031311571259181129
Inventory Days
22022318922412111593
Days Payable
215249288276143125133
Cash Conversion Cycle
1081055873687189
Working Capital Days
764572586386140
ROCE %
–-12%-4%22%21%24%7%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
69.57%69.57%69.57%69.57%69.57%69.50%66.47%
FIIs
1.53%1.00%0.95%0.74%0.60%0.48%0.52%
DIIs
10.19%8.49%6.48%5.66%3.79%3.82%3.88%
Public
18.71%20.93%22.99%24.04%26.03%26.18%29.13%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Exicom Tele-Systems Wins Tax Appeal, Penalty of ₹90.11 lakh (₹0.90 cr) Set Aside

13th April 2026, 7:40 pm

Exicom Tele-Systems Files SEBI Compliance Certificate for Q4 FY26

8th April 2026, 11:00 pm

Exicom Tele-Systems Shareholders Approve Director Remuneration via Postal Ballot

6th April 2026, 11:42 pm

Exicom Tele-Systems Members Approve Director Remuneration via Postal Ballot

6th April 2026, 11:37 pm

Exicom Extends IPO Fund Utilization Deadline for R&D to September 2026

26th March 2026, 5:42 pm

Published by Other Websites

External media mentions & references

Exicom EV Stock Jumps 9% as Tax Authority Lifts ₹90 Lakh Penalty

13th April 2026, 6:13 pm

Exicom Targets ₹1,000 Crore Revenue by FY26 on EV Charging Surge

19th March 2026, 3:16 pm

Exicom Fires Up ₹216 Cr Hyderabad EV Plant, Boosts Capacity 2.5x

16th March 2026, 10:47 pm

Exicom Boosts EV Charger Output 2.5x with ₹216 Cr Hyderabad Plant

16th March 2026, 1:49 pm

Budget Fuels EMS Stocks Rally: Rs 40,000 Cr ECMS Outlay Boosts Sector

1st February 2026, 12:31 pm

News Articles

Editorial & research coverage

Exicom Tele-Systems Skyrockets: Fourth Day of Gains Ignites Hope After 76% Collapse!
Exicom Tele-Systems Skyrockets: Fourth Day of Gains Ignites Hope After 76% Collapse!

16th December 2025, 1:34 pm

India's EV Charging Boom: 5 Stocks Wiring the Green Future!
India's EV Charging Boom: 5 Stocks Wiring the Green Future!

10th November 2025, 11:07 am

Exicom IPO Funds Delayed; Tritium Losses Dent Profits, Shrink Net Worth
Exicom IPO Funds Delayed; Tritium Losses Dent Profits, Shrink Net Worth
Exicom Tele-Systems: Standalone Revenue Soars, Consolidated Losses Widen
Exicom Tele-Systems: Standalone Revenue Soars, Consolidated Losses Widen

Documents

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication

2d - Of Newspaper advertisement of Postal Ballot Notice of Exicom Tele-Systems Limited

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
General Update

31 Dec - Board approved proposed material related-party transactions; postal ballot to shareholders; resolution dated Dec 31, 2025.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Press Release / Media Release

18 Dec - Dec 18, 2025: Exicom launches 'Exicom One' turnkey EV charging rollout; partner roll-out of high-power chargers.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

Rating update

4 Sep 2025 from care

Rating update

14 Feb 2025 from care

Rating update

20 Aug 2024 from care

Rating update

5 Aug 2024 from care

Rating update

17 Apr 2024 from care

Rating update

3 Apr 2024 from care

Concalls

Nov 2025

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May 2025

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May 2025

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Feb 2025

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Nov 2024

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Aug 2024

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Aug 2024

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May 2024

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Stock Analysis

Description

  1. Exicom Tele-Systems Ltd is a manufacturer of EV chargers and critical power components, operating in the sustainable energy transition sector with a focus on EV charging products and power conversion systems.

Key Growth Triggers

  1. Strong momentum in the EVSE segment with positive traction, strong SEA sales, and new customer wins.
  2. Anticipated significant revenue contributions from Bharat Net deliveries and a robust EVSE pipeline.
  3. Hyderabad plant on track for SOP by October 2025; trial runs at Telangana facility planned.
  4. Global expansion plans for its Dutch subsidiary, Exicom Power Solutions B.V., focusing on EV charger manufacturing.

Order Book

  1. Order Book: As of Q1 FY26, the company mentioned a robust order book exceeding INR 1,500 crore.

Key Red Flags

  1. Regulatory scrutiny from Customs and DRI regarding imported goods classification, with show cause notices issued.
  2. Persistent consolidated losses, primarily attributed to Tritium's turnaround efforts and fixed costs.
  3. CARE Ratings maintaining a 'Negative' outlook on the company's long-term bank facilities.
  4. Past performance in FY25 was affected by industry slowdowns and acquisition costs impacting margins.

Key Dates To Watch

  1. Board meeting scheduled for November 10, 2025, to approve Q2 FY26 and H1 FY26 results.
  2. Investors'/Analysts' Conference Call scheduled for November 10, 2025.
  3. 31st Annual General Meeting (AGM) scheduled for September 24, 2025.

Corporate Announcements

13th Apr 26
Impact Rating: 7
Exicom Tele-Systems announced a significant win in its tax appeal. The Court has set aside the prior penalty of ₹90.11 lakh (₹0.90 cr), resolving the dispute with no financial impact on the company.
8th Apr 26
Impact Rating: 5
Exicom Tele-Systems Limited filed its quarterly compliance certificate with stock exchanges as per SEBI Regulation 74(5). The submission confirms that during the period January 1, 2026, to March 31, 2026, no requests for dematerialization or rematerialization of the company's securities were received.
6th Apr 26
Impact Rating: 6
No description available.
6th Apr 26
Impact Rating: 4
Exicom Tele-Systems Limited announced that its members approved special resolutions for the remuneration of MD & CEO, Mr. Anant Nahata, and Whole-time Director, Mr. Vivekanand Kumar, via postal ballot.
26th Mar 26
Impact Rating: 6
Exicom Tele-Systems announced its board approved an extension for IPO proceeds meant for R&D to September 30, 2026, citing development delays; ₹8.83 crore remains unutilized.