EXICOM TELE-SYSTEMS LIMITED

BSE: EXICOM544133ISIN INE777F01014

Industrials
Heavy Electrical Equipment
BSE Industrials

Share price

₹143.00+13.15 (+10.13%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: ₹188.95
52W low: ₹75.80
Off 52W high: -24.32%
1M return: -5.14%
3M return: -13.86%
6M return: +20.57%
1Y return: +4.61%
20D avg volume: 53,002
50 DMA: ₹153.74
200 DMA: ₹133.14

Key ratios Consolidated

Market cap: ₹1,990 Cr
Current price: ₹143.00
52W high / low: ₹188.95 / ₹75.80
Face value: ₹10.00
P/E: -7.52
P/B: 3.05
EPS (TTM): ₹-19.02
Book value / share: ₹46.83
ROE: —
ROCE: -19.60%
Operating margin: —
Net margin: —
Debt / equity: 0.68
Net debt: ₹406.64 Cr
Interest cover: -3.82
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 144.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	331.07	387.95	276.73	281.73	205.32	265.53	196.63	153.37	252.08	300.90	263.65
	4.93	1.90	7.41	5.23	8.22	3.37	6.26	14.41	7.16	4.96	1.64
	336.00	389.85	284.14	286.96	213.54	268.90	202.89	167.77	259.24	305.86	265.29
	408.03	438.18	349.92	354.73	284.37	330.28	255.02	183.46	235.31	270.73	243.12
	210.21	238.64	207.76	231.68	116.19	153.25	132.16	100.17	146.87	220.59	207.18
	0.03	0.08	0.00	0.06	1.33	9.08	19.36	29.97	—	0.11	0.52
	50.09	56.36	51.35	57.88	53.09	54.78	50.91	32.93	22.99	20.81	19.46
	16.21	15.50	11.45	13.26	15.64	14.87	16.39	8.91	3.03	4.23	4.20
	38.86	34.99	29.43	27.05	24.84	33.47	10.82	6.59	5.02	5.32	4.88
	80.73	74.38	60.79	68.09	69.05	55.93	35.57	—	29.63	—	21.70
	-72.04	-48.33	-65.78	-67.78	-70.83	-61.38	-52.12	-15.69	23.93	35.13	22.17
	0.00	-0.55	-1.77	-2.16	-12.05	0.00	0.00	0.00	0.00	0.00	0.00
	-72.04	-48.88	-67.55	-69.94	-82.88	-61.38	-52.12	-15.69	23.93	35.13	22.17
	1.54	5.43	0.32	-1.13	0.25	0.89	3.15	1.34	5.69	7.66	13.18
	-73.57	-54.31	-67.87	-68.81	-83.14	-62.27	-48.97	-17.03	18.24	27.46	8.99
	-4.98	-4.03	-5.12	-5.35	-6.87	-5.15	-4.05	-1.41	1.51	2.88	0.98
Key metrics
	-16.97	1.61	-26.67	-29.63	-42.40	-13.04	-24.91	-0.19	31.98	44.68	31.25
	-5.10%	0.40%	-9.60%	-10.50%	-20.70%	-4.90%	-12.70%	-0.10%	12.70%	14.80%	11.90%
	-22.20%	-14.00%	-24.50%	-24.40%	-40.50%	-23.50%	-24.90%	-11.10%	7.20%	9.10%	3.40%
	—	-3.10%	—	-4.90%	—	-4.20%	—	—	—	—	—
	61.20%	46.10%	40.70%	83.70%	-18.50%	-11.80%	-25.40%	—	—	—	—
	11.50%	12.80%	-38.60%	-304.10%	-555.80%	-326.80%	-644.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,277	1,152	867.61	1,020
	19.47	22.76	31.19	18.90
	1,297	1,174	898.80	1,038
	1,551	1,427	1,004	945.29
	888.29	794.27	532.44	653.08
	0.17	1.47	58.42	120.65
	215.68	218.68	155.95	75.90
	56.42	55.85	43.20	19.23
	130.33	116.30	55.90	18.55
	283.99	272.31	167.16	—
	-253.93	-252.72	-105.27	93.21
	-4.48	-16.53	0.00	0.00
	-258.41	-269.25	-105.27	93.21
	6.16	4.88	4.77	29.29
	-264.56	-274.13	-110.03	63.92
	-19.48	-20.36	-9.11	6.70
Key metrics
	-71.66	-97.10	-6.17	130.99
	-5.61%	-8.40%	-0.70%	12.80%
	-20.71%	-23.80%	-12.70%	6.30%
	—	-19.60%	-5.60%	—
	55.63%	32.70%	-14.90%	—
	—	-149.10%	-272.10%	—
	—	-286.28	-612.09	—
	—	0.32	1.54	—
	—	0.68	0.74	—
	—	406.64	402.71	—
	—	144.5	169.3	—
Balance sheet
	—	1,989	1,668	—
	—	1,088	966.39	—
	—	35.39	53.27	—
	—	409.92	332.90	—
	—	403.51	282.28	—
	—	157.84	95.08	—
	—	324.79	165.61	—
	—	357.36	212.73	—
	—	902.75	554.45	—
	—	442.03	455.98	—
	—	270.82	217.96	—
	—	171.21	238.02	—
	—	651.29	613.78	—
Cash flow
	—	-86.59	-169.24	—
	—	-154.88	-489.17	—
	—	223.59	614.37	—
	—	199.69	442.85	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	276.98	236.83	282.07	233.68	228.38	150.66	212.80	147.70	148.65	243.27	297.54	261.06
	6.65	7.27	6.27	4.41	7.20	12.03	12.45	13.25	13.47	7.15	3.54	1.62
	283.63	244.10	288.34	238.09	235.58	162.69	225.24	160.95	162.12	250.42	301.08	262.68
	273.31	237.69	272.29	233.41	230.80	161.32	218.65	173.86	156.25	223.13	261.36	236.19
	194.61	164.66	203.81	187.68	203.98	94.84	166.71	102.06	96.12	139.03	212.81	205.95
	0.07	0.03	0.08	0.00	0.06	0.01	0.02	—	0.08	—	—	0.45
	22.21	25.61	23.51	17.89	21.36	18.14	19.04	21.62	20.68	20.76	18.35	16.68
	11.17	11.41	10.98	8.78	10.92	13.29	12.45	14.04	8.22	3.00	4.22	5.60
	10.77	10.33	9.14	7.07	6.67	6.17	5.46	5.60	5.35	4.86	5.17	4.72
	27.08	26.54	28.74	20.34	27.60	24.92	17.73	18.20	20.86	27.95	—	19.02
	10.32	6.41	16.05	4.68	4.78	1.37	6.59	-12.90	5.88	27.29	39.72	26.48
	0.00	0.00	0.00	-0.86	0.00	-8.87	0.00	—	—	—	—	—
	10.32	6.41	16.05	3.82	4.78	-7.50	6.59	-12.90	5.88	27.29	39.72	26.48
	2.53	1.49	4.15	0.32	-1.13	0.25	2.03	3.15	1.34	5.69	8.74	13.18
	7.80	4.92	11.90	3.50	5.92	-7.75	4.56	-9.75	4.53	21.60	30.99	13.31
	0.56	0.35	0.88	0.26	0.46	-0.64	0.38	-0.81	0.38	1.79	3.25	1.44
Key metrics
	32.26	28.15	36.17	19.67	22.37	11.96	24.50	6.74	19.45	35.15	49.11	36.80
	11.60%	11.90%	12.80%	8.40%	9.80%	7.90%	11.50%	4.60%	13.10%	14.40%	16.50%	14.10%
	2.80%	2.10%	4.20%	1.50%	2.60%	-5.10%	2.10%	-6.60%	3.00%	8.90%	10.40%	5.10%
	2.00%	—	2.50%	—	1.50%	—	2.10%	—	—	—	—	—
	21.30%	57.20%	32.60%	58.20%	53.60%	-38.10%	-28.50%	-43.40%	—	—	—	—
	31.80%	163.50%	161.00%	135.90%	30.70%	-135.90%	-85.30%	-173.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,030	894.80	752.42	866.25
	24.60	29.91	46.32	19.13
	1,054	924.70	798.74	885.38
	1,017	897.81	771.89	788.98
	750.76	690.30	503.92	633.40
	0.18	0.14	0.10	1.28
	89.22	80.90	82.11	65.47
	42.34	43.97	37.71	19.15
	37.31	29.05	21.26	17.95
	102.70	101.60	95.99	—
	37.46	26.89	26.85	96.40
	-0.86	-9.73	0.00	—
	36.60	17.16	26.85	96.40
	8.49	3.59	5.91	29.97
	28.12	13.57	20.94	66.43
	2.05	1.01	1.73	6.96
Key metrics
	116.25	90.18	85.82	133.50
	11.29%	10.10%	11.40%	15.40%
	2.73%	1.50%	2.80%	7.70%
	—	5.70%	7.00%	—
	39.22%	18.90%	-13.10%	—
	—	-35.20%	-68.50%	—
	—	-100.88	-46.20	—
	—	0.28	0.90	—
	—	0.39	0.69	—
	—	356.01	437.83	—
	—	116.8	100.6	—
Balance sheet
	—	1,782	1,380	—
	—	916.62	928.19	—
	—	5.10	18.15	—
	—	337.48	265.92	—
	—	256.80	136.79	—
	—	146.38	82.86	—
	—	220.39	51.95	—
	—	308.04	195.43	—
	—	714.41	461.18	—
	—	361.11	455.98	—
	—	242.53	217.96	—
	—	118.58	238.02	—
	—	931.22	657.69	—
Cash flow
	—	3.86	18.90	—
	—	-132.26	-437.56	—
	—	115.36	384.65	—
	—	104.74	65.10	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +39.22%
Profit YoY (TTM): +500.57%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +55.63%
Profit YoY (TTM): -25.14%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 65.20%

Quarter	September 2026	June 2026
Promoter %	65.20%	65.20%

Holder	Type	Holding	Previous	Change
Nextwave Communications Private Limited	Promoter	54.72%	54.72%	0.00%
HFCL Limited	Promoter Group	5.44%	5.44%	0.00%
Satellite Finance Private Limited	Promoter Group	5.04%	5.04%	0.00%
Belgrave Investment Fund	Public	3.74%	3.74%	0.00%
Exicom Power Solutions B.V.	Promoter Group	0.00%	0.00%	0.00%
Tritium Power Solutions Limited	Promoter Group	0.00%	0.00%	0.00%
Nahar Growth Fund Private Limited	Promoter Group	0.00%	0.00%	0.00%
OWM Renew LLP	Promoter Group	0.00%	0.00%	0.00%
Abhinav Oswal	Promoter Group	0.00%	0.00%	0.00%
Logipark Patna Private Limited	Promoter Group	0.00%	0.00%	0.00%
Exicom Tele-Systems (Singapore) Pte. Ltd.	Promoter Group	0.00%	0.00%	0.00%
Neha Nahata	Promoter Group	0.00%	0.00%	0.00%
Logipark Bhagalpur Private Limited	Promoter Group	0.00%	0.00%	0.00%
Oswal Woollen Mills Limited	Promoter Group	0.00%	0.00%	0.00%
Suvrat Trading Co. Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bharat Heavy Electricals Ltd.	1,47,639	424.00	51.29	6.50%	+29.08% TTM	+415.37% TTM	+58.68%
ABB India Limited S	1,43,123	6,754.00	46.67	—	+7.92% TTM	+66.43% TTM	+28.89%
CG Power and Industrial Solutions Limited	1,32,631	841.85	97.18	19.30%	+23.76% TTM	+28.33% TTM	+12.62%
HITACHI ENERGY INDIA LIMITED S	1,29,262	29,000.40	112.37	24.90%	+40.17% TTM	+127.73% TTM	+41.26%
Siemens Ltd.	1,25,176	3,515.00	42.11	20.80%	—	—	+12.74%
GE Vernova T&D India Limited S	1,09,206	4,265.10	76.00	58.50%	+41.34% TTM	+56.22% TTM	+35.57%
Siemens Energy India Limited S	1,05,412	2,960.00	70.85	26.10%	—	—	-8.69%
SUZLON ENERGY LTD.	51,481	37.45	22.79	27.00%	+33.90% TTM	-28.79% TTM	-37.58%
Thermax Ltd.	39,095	3,280.95	66.19	15.40%	+4.68% TTM	-11.68% TTM	+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S	27,448	1,147.95	149.28	24.90%	+9.56% TTM	-29.50% TTM	+28.95%
TD Power Systems Ltd	23,403	728.05	85.10	30.30%	+54.29% TTM	+45.27% TTM	+77.57%
Azad Engineering Limited	16,664	2,580.35	119.64	11.50%	+28.72% TTM	+40.92% TTM	+55.76%
Triveni Turbine Limited	15,868	499.15	47.21	32.00%	+17.70% TTM	-1.90% TTM	-6.73%
KARAMTARA ENGINEERING LIMITED	12,315	382.65	—	—	+36.52% FY26	+64.18% FY26	—
Atlanta Electricals Limited	11,643	1,514.10	51.86	34.60%	—	—	+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED	11,249	1,452.55	50.36	27.30%	+89.92% TTM	+82.64% TTM	+50.72%
Inox Wind Limited	10,986	63.57	26.34	10.40%	+17.10% TTM	-14.81% TTM	-58.92%
VOLTAMP TRANSFORMERS LIMITED S	10,133	10,015.35	31.34	22.30%	+22.89% TTM	-1.63% TTM	+35.97%
Elecon Engineering Co.Ltd.	9,841	438.55	40.22	18.60%	+2.58% TTM	-52.69% TTM	-22.35%
Transformers and Rectifiers (India) Limited	9,527	317.40	30.44	25.40%	+27.23% TTM	+23.01% TTM	-24.26%
Kanohar Electricals Limited S	8,509	941.15	—	—	—	—	—
Skipper Limited	6,581	538.95	26.79	22.20%	+16.04% TTM	+47.75% TTM	+4.65%
Powerica Ltd.	6,316	499.05	—	11.20%	—	—	—
Transrail Lighting Limited	6,115	454.60	14.60	31.90%	+14.51% TTM	+0.35% TTM	-35.99%
GE Power India Limited	4,196	624.10	15.45	47.60%	+18.73% TTM	+9.86% TTM	+106.66%
EXICOM TELE-SYSTEMS LIMITED	1,990	143.00	-7.52	-19.60%	+55.63% TTM	-25.14% TTM	+4.61%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

We hereby submit the intimation regarding transition and consolidation of manufacturing operations at Plot No.75D, Sector 18, Gurugram into Company''s existing manufacturing facilities.4 Nov 2026 · Company Update / General
Submission of Press Release on Unaudited Financial Results of the Company for the second quarter ended September 30, 2026 of FY 2026-274 Nov 2026 · Company Update / Press Release / Media Release
Submission of Unaudited Financial Results (both on standalone and consolidated basis) for the Q2 and half year ended September 30, 2026 of the FY 2026-274 Nov 2026 · Result / Financial Results
The Board of Directors in its meeting held today, considered and approved the Unaudited Financial Results (both on Standalone and Consolidated) for the Q2 and half year ended September ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
This is to inform you that the Investor/Analyst conference call scheduled to be held today at 4:00 PM (IST), has been rescheduled to Thursday November 12, 2026 at 12:00 P.M. (IST), to discuss ....4 Nov 2026 · Company Update / Analyst / Investor Meet
This is to inform that the Company has scheduled an investors/analysts conference call on Wednesday, November 4, 2026 at 4:00 P.M. (IST) to discuss unaudited financial results (both standalone ....31 Oct 2026 · Company Update / Analyst / Investor Meet
Exicom Tele-Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Financial ....31 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended on September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Approval for allotment of equity shares pursuant to exercise of Employee Stock Options under Exicom Tele-Systems Limited Employees Stock Option Scheme 20251 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Submission of Scrutinizer''s Report along with voting results of the Annual General Meeting held on September 28, 2026.29 Sep 2026 · AGM/EGM / AGM
Submission of proceedings of 32nd Annual General Meeting held on Monday, September 28, 2026 through VC/OAVM means.28 Sep 2026 · AGM/EGM / AGM
intimation of closure of trading window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding receipt of order from Principal Commissioner of custom (Import).31 Aug 2026 · Company Update / General
Submission of reply to clarification sought by exchange for spurt in volume in shares of the Company.31 Aug 2026 · Company Update / General
The Exchange has sought clarification from Exicom Tele-Systems Ltd on August 31, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.31 Aug 2026 · Company Update / Clarification
Submission of copy of newspaper publication28 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding 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 ....27 Aug 2026 · Company Update / General
Submission of copies of Newspaper publication informing dispatch of notice of the 32nd Annual General Meeting of the Company.27 Aug 2026 · Company Update / Newspaper Publication
Submission of Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-2626 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Submission of Annual Report for Financial Year 2025-2626 Aug 2026 · Others / Reg. 34 (1) Annual Report
Submission of Notice of the 32nd Annual General Meeting of Exicom Tele-Systems Limited to be held on September 28, 202626 Aug 2026 · AGM/EGM / AGM
Submission of copy of newspaper publication (Pre-AGM Notice)21 Aug 2026 · Company Update / Newspaper Publication
Submission of Press Release titled "Exicom Becomes the First Company in India to manufacture Liquid-cooled Power Modules for EV Chargers"19 Aug 2026 · Company Update / Press Release / Media Release
Exicom has informed the Exchange regarding Product Launch19 Aug 2026 · Company Update / General
Submission of transcript of Investors/ Analyst Call held on Monday, August 10, 2026 at 4:00 P.M. (IST)12 Aug 2026 · Company Update / Earnings Call Transcript
Submission of Audio Recording of the investors call held on August 10, 2026 at 4:00 p.m. (IST).10 Aug 2026 · Company Update / Analyst / Investor Meet
Submission of Statement of Nil Deviation or variation in utilization of IPO/Pre-IPO placement proceeds for the quarter ended June 30, 202610 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Submission of Monitoring Agency Report on utilization of proceeds from IPO and pre-IPO placement for the quarter ended June 30, 202610 Aug 2026 · Company Update / Monitoring Agency Report
Submission of Press Release on Unaudited Financial Results of the Company for Q1 ended June 30, 2026 of FY 2026-2710 Aug 2026 · Company Update / Press Release / Media Release
We hereby submit the investors'' presentation on unaudited financial results of the Company for the Q1 ended June 30, 2026 of the financial year 2026-27, on both standalone and consolidated basis.10 Aug 2026 · Company Update / Investor Presentation
Submission of Unaudited Financial Results (both on standalone and consolidated), for the Q1 ended June 30, 2026 of the financial year 2026-27.10 Aug 2026 · Result / Financial Results
The Board of Directors in its meeting held today, considered and approved the Unaudited Financial Results (both on Standalone and Consolidated) for the Q1 ended June 30, 2026 of the financial ....10 Aug 2026 · Board Meeting / Outcome of Board Meeting
We hereby submit the intimation of grant of stock options under the ''Exicom Tele-Systems Limited Employees Stock Option Scheme 2025''.5 Aug 2026 · Company Update / General
Exicom has informed the Exchange regarding Appointment and Cessation of the Senior Management Personnel of the Company as detailed in the enclosed intimation.5 Aug 2026 · Company Update / Change in Management
This is to inform that the Company has scheduled an investors/analysts conference call on Monday, August 10, 2026 at 4:00 P.M. (IST) to discuss unaudited financial results (both standalone ....4 Aug 2026 · Company Update / Analyst / Investor Meet
Exicom Tele-Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve the unaudited financial ....4 Aug 2026 · Board Meeting / Board Meeting
This is to inform that the Board of Exicom Power Solutions B.V., Netherlands ("Exicom B.V."), a material subsidiary of the Company has approved the conversion of Optionally Convertible ....4 Aug 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of resignation of Mr. Aman Sharma- Head of IT & Applications (Senior Management Personnel), effective from June 30, 2026.26 Jun 2026 · Company Update / Change in Management
Intimation regarding closure of trading window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	7 Jul 2025	7 Jul 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results