EXICOM

Exicom Tele-Systems Limited

Tritium's Indian partner for EV fast charging and telecom power systems

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

exicom.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹143.49
Market cap
1,995 Cr
Stock P/E
Loss (TTM EPS ₹-19.48)
P/B
3.06
ROE (FY26)
-42.1%
ROCE (FY26)
-19.5%
Operating margin (FY26)
-19.1%
Debt / equity (FY26)
0.68
OCF / EBITDA (3Y)
-108.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Exicom makes DC power systems and batteries for telecom towers and data centres, and electric vehicle chargers from 3.3 kW to 600 kW, selling to telecom operators, tower companies and charging operators in India and abroad.

Company snapshot

30thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 56.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Critical Power
43.8%
86 Cr-2 Cr648 Cr
EV Chargers
56.2%
110 Cr-34 Cr934 Cr

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales264 Cr301 Cr252 Cr153 Cr197 Cr266 Cr205 Cr282 Cr277 Cr388 Cr331 Cr
Operating expenses (approx.)234 Cr261 Cr227 Cr168 Cr228 Cr282 Cr244 Cr314 Cr309 Cr388 Cr353 Cr
EBITDA30 Cr40 Cr25 Cr-15 Cr-31 Cr-16 Cr-39 Cr-33 Cr-32 Cr0.27 Cr-22 Cr
OPM %11.2%13.2%9.8%-9.5%-15.9%-6.2%-18.8%-11.6%-11.7%0.1%-6.6%
Other income2 Cr5 Cr7 Cr14 Cr6 Cr3 Cr8 Cr5 Cr7 Cr2 Cr5 Cr
Interest4 Cr4 Cr3 Cr9 Cr16 Cr15 Cr16 Cr13 Cr11 Cr15 Cr16 Cr
Depreciation5 Cr5 Cr5 Cr7 Cr11 Cr33 Cr25 Cr27 Cr29 Cr35 Cr39 Cr
Profit before tax22 Cr35 Cr24 Cr-16 Cr-52 Cr-61 Cr-83 Cr-70 Cr-68 Cr-49 Cr-72 Cr
Tax %59.5%21.8%23.8%-8.6%6.1%-1.4%-0.3%1.6%-0.5%-11.1%-2.1%
Net profit9 Cr27 Cr18 Cr-17 Cr-49 Cr-62 Cr-83 Cr-69 Cr-68 Cr-54 Cr-74 Cr
EPS (₹)₹0.98₹2.88₹1.51₹-1.41₹-4.05₹-5.15₹-6.87₹-5.35₹-5.12₹-4.03₹-4.98

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales513 Cr843 Cr708 Cr1,020 Cr868 Cr1,152 CrSign in free for the trailing twelve months
Operating expenses (approx.)483 Cr775 Cr655 Cr908 Cr905 Cr1,255 CrSign in free for the trailing twelve months
EBITDA30 Cr67 Cr52 Cr112 Cr-37 Cr-103 CrSign in free for the trailing twelve months
OPM %5.8%8.0%7.4%11.0%-4.3%-9.0%Sign in free for the trailing twelve months
Other income11 Cr6 Cr15 Cr19 Cr31 Cr23 CrSign in free for the trailing twelve months
Interest14 Cr19 Cr19 Cr19 Cr43 Cr56 CrSign in free for the trailing twelve months
Depreciation14 Cr15 Cr16 Cr19 Cr56 Cr116 CrSign in free for the trailing twelve months
Profit before tax13 Cr40 Cr32 Cr93 Cr-105 Cr-269 CrSign in free for the trailing twelve months
Tax %1.2%23.6%4.3%31.4%-4.5%-1.8%Sign in free for the trailing twelve months
Net profit3 Cr5 Cr6 Cr64 Cr-110 Cr-274 CrSign in free for the trailing twelve months
EPS (₹)₹0.38₹0.56₹0.69₹6.70₹-9.11₹-20.36Sign in free for the trailing twelve months
Dividend payout %———0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr7 Cr121 Cr121 Cr139 Cr
Reserves206 Cr214 Cr225 Cr601 Cr493 Cr512 Cr
Borrowings102 Cr108 Cr118 Cr30 Cr456 Cr442 Cr
Other liabilities363 Cr274 Cr355 Cr261 Cr599 Cr896 Cr
Total liabilities678 Cr603 Cr705 Cr1,013 Cr1,668 Cr1,989 Cr
Fixed assets (net)67 Cr65 Cr50 Cr57 Cr166 Cr325 Cr
CWIP———20 Cr78 Cr0.32 Cr
Investments0.86 Cr0.93 Cr1 Cr1 Cr0.82 Cr0.93 Cr
Loans & advances———0 Cr0 Cr0.30 Cr
Inventories117 Cr136 Cr128 Cr196 Cr282 Cr404 Cr
Trade receivables328 Cr169 Cr315 Cr221 Cr333 Cr410 Cr
Cash & bank15 Cr43 Cr38 Cr97 Cr53 Cr35 Cr
Other assets151 Cr189 Cr173 Cr419 Cr755 Cr814 Cr
Total assets678 Cr603 Cr705 Cr1,013 Cr1,668 Cr1,989 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-13 Cr56 Cr3 Cr28 Cr-169 Cr-87 Cr
Cash from investing-20 Cr-10 Cr8 Cr-286 Cr-489 Cr-155 Cr
Cash from financing46 Cr-17 Cr-16 Cr317 Cr614 Cr224 Cr
Net cash flow13 Cr29 Cr-5 Cr60 Cr-44 Cr-18 Cr
Free cash flow (OCF − Capex)-31 Cr36 Cr—-16 Cr-773 Cr-405 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.5%17.7%14.7%15.0%-5.8%-19.5%
ROE %1.6%2.3%2.7%8.9%-17.9%-42.1%
Debtor days2337316279140130
Inventory days234215130109193185
Days payable586262285113145164
Cash conversion cycle-11926676187151
OCF / EBITDA %-45.6%83.1%4.9%25.4%——
OCF / EBITDA % (3 years)——30.2%37.5%-108.7%—
Debt / equity0.480.490.510.040.740.68
Current ratio1.431.561.563.321.741.21
Net debt / EBITDA2.960.961.52-0.60——