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Exicom Tele-Systems Ltd.
(EXICOM)
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Rating:49Neutral
Price Target:
₹168.00
▲(4.77% Upside)
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
Structural EV and power exposure
Exposure to both EV charging and critical power gives Exicom participation in infrastructure markets with ongoing electrification and reliability needs. The combination can diversify demand across newer charging deployments and established backup-power applications, supporting longer-term relevance.
Negative Factors
Deepening losses and weak margins
Deepening losses and negative operating profit indicate that revenue growth is not currently translating into sustainable earnings. Very weak gross margin also leaves limited protection against cost pressure, making profitability recovery dependent on a meaningful improvement in the cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural EV and power exposure
Exposure to both EV charging and critical power gives Exicom participation in infrastructure markets with ongoing electrification and reliability needs. The combination can diversify demand across newer charging deployments and established backup-power applications, supporting longer-term relevance.
Read all positive factors
Exicom Tele-Systems Ltd. (EXICOM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.01B
Dividend YieldN/A
Average Volume (3M)136.88K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue Growth55.63%
EPS Growth-13.55%
CountryIN
Employees863
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-19.24
Shares Outstanding139,079,770
10 Day Avg. Volume123,416
30 Day Avg. Volume136,880
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.58
Price to Sales (P/S)0.89
P/FCF Ratio-3.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 ...
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 deploy...
Exicom Tele-Systems Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
27
Negative
Cash Flow
18
Very Negative
| 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 | 0.00 | 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 | 0.00 | 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
Negative
160.35
Price Trends
161.60
Negative
158.02
Negative
130.74
Positive
Market Momentum
-3.29
Positive
38.18
Neutral
13.36
Positive
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 160.35 is below the 20-day moving average (MA) of 165.92, below the 50-day MA of 161.60, and above the 200-day MA of 130.74, indicating a neutral trend. The MACD of -3.29 indicates Positive momentum. The RSI at 38.18 is Neutral, neither overbought nor oversold. The STOCH value of 13.36 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | ₹305.01B | 166.19 | ― | 0.50% | 9.56% | -29.50% | |
56 Neutral | ₹40.05B | 92.00 | ― | 0.12% | 41.95% | -3.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹17.11B | 18.90 | ― | 0.38% | 14.96% | -4.12% | |
54 Neutral | ₹84.23B | 32.72 | ― | 0.09% | 14.60% | -1.12% | |
49 Neutral | ₹21.01B | -7.90 | ― | ― | 55.63% | -13.55% | |
48 Neutral | ₹15.56B | 41.33 | ― | 0.03% | 7.40% | 14.85% |
* General Sector Average
IN:EXICOM
Exicom Tele-Systems Ltd.
151.05
5.60
3.85%
IN:HIRECT
Hind Rectifiers Limited
1,129.60
289.33
34.43%
IN:HPL
HPL Electric & Power Limited
266.15
-191.35
-41.82%
IN:SCHNEIDER
Schneider Electric Infrastructure Limited
1,275.65
435.05
51.75%
IN:SERVOTECH
Servotech Power Systems Ltd.
69.20
-62.46
-47.44%
IN:TARIL
Transformers and Rectifiers (India) Limited
280.60
-213.15
-43.17%
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 a...
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 availab...
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...
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.