Exicom Tele-Systems Ltd. (EXICOM) AI Stock Analysis

Top Page

Exicom Tele-Systems Ltd.

(NSE:EXICOM)

Select Model

Rating:49Neutral

Price Target:INR 125.00▼(-0.28% Downside)

Action:reiterated

Date:09/16/26

The score is weighed down primarily by weak financial performance (ongoing losses, rising leverage, and negative operating/free cash flow). Technicals are moderately supportive with the price above major moving averages and positive MACD, but valuation remains constrained by negative earnings and no provided dividend yield.

Positive Factors

FY2026 Revenue ReboundThe FY2026 revenue rebound shows that Exicom can regain sales momentum after a weaker year. Continued demand across its power-management activities could support operating scale and strengthen its ability to absorb fixed costs if revenue growth persists.

Negative Factors

Deepening LossesA deeper loss despite the FY2026 revenue rebound indicates that growth is not yet translating into sustainable earnings. Persistent operating losses can constrain reinvestment, weaken resilience, and make future profitability dependent on major cost or margin improvement.

Exicom Tele-Systems Ltd. (EXICOM) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 17.40B
Dividend Yield: ―
Average Volume (3M): 108.05K
Price to Earnings (P/E): -6.5
Beta (1Y): 1.78
Revenue Growth: 55.63%
EPS Growth: -13.55%
Country: India
Employees: 863
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Exicom Tele-Systems Ltd. Business Overview & Revenue Model

Company Description

Exicom Tele-Systems Limited manufactures and sells electric vehicle chargers and lithium-ion batteries in India and internationally. It operates through Critical Power and EV Charger segments. The company offers energy storage solutions; switched mod...

How the Company Makes Money

EXICOM primarily makes money by selling power-management equipment and related solutions across two main business areas: (1) EV charging infrastructure and (2) critical power solutions. In EV charging, revenue is generated from the sale and deploymen...

Exicom Tele-Systems Ltd. Financial Statement Overview

Summary

Despite a strong FY2026 revenue rebound (~21% YoY), profitability has deteriorated sharply (losses in FY2025 and deeper losses in FY2026), leverage has risen materially (debt-to-equity above 1.0 in FY2025–FY2026), and operating/free cash flow are negative in FY2025–FY2026, indicating elevated financial risk and weak earnings quality.

Income Statement

24Negative

Balance Sheet

27Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.77B	11.52B	8.68B	10.20B	7.08B	8.43B
Gross Profit	503.59M	374.41M	590.72M	1.77B	1.79B	1.79B
EBITDA	-835.69M	-970.97M	-61.71M	1.25B	679.05M	733.20M
Net Income	-2.60B	-2.74B	-1.10B	639.16M	80.14M	51.36M
Balance Sheet
Total Assets	0	19.89B	16.68B	10.13B	7.05B	6.03B
Cash, Cash Equivalents and Short-Term Investments	642.74M	642.74M	2.45B	973.11M	379.59M	554.24M
Total Debt	0	7.13B	7.07B	462.28M	1.33B	1.28B
Total Liabilities	-6.51B	13.38B	10.55B	2.91B	4.73B	3.81B
Stockholders Equity	6.51B	6.51B	6.14B	7.22B	2.32B	2.22B
Cash Flow
Free Cash Flow	-1.52B	-2.62B	-7.73B	-159.84M	-322.86M	219.91M
Operating Cash Flow	-626.03M	-623.80M	-1.69B	284.32M	25.80M	560.37M
Investing Cash Flow	-524.26M	-1.80B	-4.89B	-2.86B	76.96M	-102.14M
Financing Cash Flow	1.03B	2.25B	6.14B	3.17B	-155.15M	-171.64M

Exicom Tele-Systems Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price125.35

Price Trends

50DMA155.17Negative

100DMA158.28Negative

200DMA132.79Negative

Market Momentum

MACD-8.18Positive

RSI29.59Positive

STOCH24.09Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXICOM, the sentiment is Negative. The current price of 125.35 is below the 20-day moving average (MA) of 140.67, below the 50-day MA of 155.17, and below the 200-day MA of 132.79, indicating a bearish trend. The MACD of -8.18 indicates Positive momentum. The RSI at 29.59 is Positive, neither overbought nor oversold. The STOCH value of 24.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EXICOM.

Exicom Tele-Systems Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:EXICOM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TARIL	83Outperform	INR 89.69B	29.22	―	0.08%	27.23%	21.70%
IN:SCHNEIDER	64Neutral	INR 261.42B	141.88	―	―	9.56%	-29.50%
IN:SERVOTECH	63Neutral	INR 13.96B	37.40	―	0.03%	7.40%	15.11%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HPL	54Neutral	INR 14.56B	15.90	―	0.44%	14.96%	-4.12%
IN:HIRECT	49Neutral	INR 33.82B	78.62	―	0.15%	41.95%	-3.11%
IN:EXICOM	49Neutral	INR 17.44B	-6.50	―	―	55.63%	-13.55%

* General Sector Average

Performance Comparison

IN:EXICOM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:EXICOM	Exicom Tele-Systems Ltd.	125.35	-12.35	-8.97%
IN:HIRECT	Hind Rectifiers Limited	953.90	20.15	2.16%
IN:HPL	HPL Electric & Power Limited	226.45	-212.17	-48.37%
IN:SCHNEIDER	Schneider Electric Infrastructure Limited	1093.35	230.15	26.66%
IN:SERVOTECH	Servotech Power Systems Ltd.	62.09	-57.16	-47.93%
IN:TARIL	Transformers and Rectifiers (India) Limited	298.80	-145.70	-32.78%

Exicom Tele-Systems Ltd. Corporate Events

Exicom Fully Utilises Rs 400-Crore IPO Proceeds With No Deviations

Aug 10, 2026

Exicom Tele-Systems Ltd. has reported that there is no deviation or variation in the use of proceeds from its Initial Public Offer and pre-IPO placement for the quarter ended June 30, 2026. The company raised Rs. 400 crore through a public issue and...

Exicom posts Q1 FY27 investor call recording to bolster transparency

Aug 10, 2026

Exicom Tele-Systems Limited has announced that the audio recording of its investors’ and analysts’ conference call, held on August 10, 2026, to discuss the unaudited financial results for the first quarter of FY 2026-27, is now available...

Exicom Tele-Systems posts Q1 FY27 results and clears major related-party deals

Aug 10, 2026

Exicom Tele-Systems Ltd. reported its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, after approval by its board and audit committee. The company will publish the results via prescribed newspaper no...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 16, 2026

Exicom Tele-Systems Ltd. AI Stock Analysis

Top Page