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Exicom Tele-Systems Limited (EXICOM)

Small Cap

Industrials stocks · Small cap · NSE

Exicom Tele-Systems Limited operates in Power Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹133.64
-4.75 · -3.43%
Market cap ₹2,098 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST
Details
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:37 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens

Trend score and candlestick chart

44Neutral

SMA20 -9.9% / mo · MACD −

Stock trend: 43
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

EXICOMD candles · FIT view+12.8%
Latest close ₹133.64 on 2026-10-21
Bar
-2.5%
RSI
30
MACD hist
-1.53
52W pos
51%
Visible chart range
Candle interval
2026-10-21O ₹137.00H ₹144.00L ₹131.21C ₹133.64Vol 7.3L sh
₹96.97₹121.12₹145.27₹169.41₹193.5652H₹133.642026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

EXICOMNifty India ManufacturingNifty 500
-27%-16%-4%+7%21 Jul2 Sept21 Oct21 Oct 2026EXICOM -24.4%Nifty India Manufactu… -7.7%Nifty 500 -6.5%
EXICOM
-24.4%
Nifty 500
-6.5%
Nifty India Manufacturing
-7.7%
Vs Nifty 500
-17.9 pp
Chart stats
21 Oct 2026
From 52W high
-29.4%
₹189.2
52W range position
51%
₹75.6 - ₹189.2
ATR (14)
5.6%
₹7.5
Volume vs 20D
1.11x
Latest completed session
Avg traded value
₹9.7 Cr
20-session average
20D price channel
₹131.2 - ₹171.2
38.1% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED
14

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Average
45

Revenue +61.5% · PAT NDF YoY

Technical
Neutral
44

Price trend and sector-relative-strength timing.

Valuation
Legacy model
—

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
55

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Average · 45/100

Rev +61% YoY · margin expansion

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹331 Cr+61.5%-14.7%
EBITDA₹-22 Cr+43.6%NDF
Operating margin-7.0%+1200 bps-710 bps
PAT₹-74 CrNDFNDF
PAT margin-22.4%+1813 bps-844 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
—
P/B
3.23
EV/EBITDA
65.37
Market Cap
2098.00Cr

Profitability

ROE
-40.80%
ROCE
-14.70%
ROA
-15.89%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
18.00%
EPS 5Y
-13.00%
Revenue 3Y
18.00%
EPS 3Y
-17.00%

Balance Sheet

Debt/Equity
1.10
Interest Coverage
-1.55×
Altman Z
2.40
Book Value
46.80

Cash Flow

FCF Yield
—
FCF Positive Y
2/5
OCF
-87.00 Cr
EPS TTM
-19.02

Shareholding

Promoter Hold
65.20%
Promoter Pledge
0.00%
Momentum 52W
66%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 1,152+32.7% vs prev
01152Mar 2021: 513Mar 2022: 843Mar 2023: 708Mar 2024: 1,020Mar 2025: 868Mar 2026: 1,152FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: -274-149.1% vs prev
-274.0064.0Mar 2021: 3.0Mar 2022: 5.0Mar 2023: 8.0Mar 2024: 64.0Mar 2025: -110Mar 2026: -274FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: -42.1-134.9% vs prev
-42.108.9Mar 2021: 1.4%Mar 2022: 2.3%Mar 2023: 3.5%Mar 2024: 8.9%Mar 2025: -17.9%Mar 2026: -42.1%FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term uptrend intact. RSI 30.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 falling (~10.9% over last month) — short-term momentum negative.
  • RSI(14) at 30 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 29% off 52W high · 77% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

64
RS percentile
Stage 1 Base / Transition
1M return
-15.5%
3M return
-17.7%
6M return
+14.5%
1Y return
-0.5%
RS 1D
-5
RS 20D
-17
Sector rank
#2
Industry rank
#25
Stage evidence
  • Price is within 3.6% of the 30-week proxy.
  • The 30-week proxy changed +6.2% over 20 sessions.
  • The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 96.88-2.53%
557493111130Sept 25Feb 26Jun 26Oct 2697
RS vs Nifty 50097

Valuation & peers

U-Score 14 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

14U-SCORE
OVERVALUED

Fundamental score breakdown

U band · OVERVALUED
Valuation2/30
Growth6/25
Quality0/20
Balance Sheet5/15
Cash Flow1/10
Piotroski
2/9 (+0)
Penalties
0
Raw sum
14

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

14/100 · legacy band OVERVALUED

Positive drivers

  • Balance sheet contributes 5/15 to the score.
  • Growth contributes 6/25 to the score.
  • Cash flow contributes 1/10 to the score.

Main drags

  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Valuation is weaker at 2/30; verify the latest quarterly trend.
  • Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
—
PB
3.2
EV/EBITDA
65.4
ROE
-40.8%
ROCE
-14.7%
FCF Yield
—
Debt/Equity
1.1
MoS
—
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
14
Previous: 14
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
14
14
14
14
14
14
14
14
14
14
14
14

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
—
Growth-justified P/E
3.3
Growth-justified Value
—
— MoS
PEG
—

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AEPL
Small
Artemis Electricals and Projects Limited
Electronics Manufacturing Services
match 126
37
43.5
9.7%
-12%
WATCHLIST
HIRECT
Small
Hind Rectifiers Limited
Electrical Equipment
match 107
44
100.0
25.2%
-133%
WATCHLIST
JISLJALEQS
Small
Jain Irrigation Systems Limited
Electronics Manufacturing Services
match 9
28
—
-0.5%
—
OVERVALUED
HCL-INSYS
Small
HCL Infosystems Limited
Electronics Manufacturing Services
match 2
19
—
—
—
OVERVALUED
DSSL
Small
Dynacons Systems & Solutions Limited
Electronics Manufacturing Services
match 2
71
14.5
31.0%
+62%
UNDERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Exicom Tele-Systems Limited operates in Power Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
55Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 16th percentile of the scored universe and 12th percentile within Industrials. Main check: results consistency is weak at 29/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
43 docs text-extracted · 17 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
16th percentile

overall median 67 · Industrials: 12th pctile, median 68 · Small: 18th pctile, median 66

Evidence depth
Financial-only

43 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
67
acceptable · leverage and solvency
Discipline
38
weak · capital discipline
Results
29
weak · quarterly consistency

Trust positives

  • ▸Promoter holding is 65.2%.
  • ▸Promoter pledge is zero.
  • ▸4/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸4 latest quarters had PAT decline worse than 25% YoY.
  • ▸Promoter holding fell 1.3%.
  • ▸Interest coverage is 1.9x.
  • ▸ROCE is low at 5.8%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
Announcement

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1 Oct - Approval for allotment of equity shares pursuant to exercise of Employee Stock Options under Exicom Tele-Systems Limited Employees Stock Option Scheme 2025

Source: Bse

Open source ↗
Investor presentationAug 2026

Aug 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptAug 2026

Aug 2026 · Transcript

Source: Bse

Open source ↗
AnnouncementAug 2026

Aug 2026 · Announcement Under Regulation 30- Product Launch 19 Aug - Exicom launched liquid-cooled power modules for EV chargers in India on August 19, 2026.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Aug

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug - Submission of copy of newspaper publication (Pre-AGM Notice)

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - Exicom starts manufacturing liquid-cooled EV charger power modules in Hyderabad, first in India.

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Aug - Exicom reported Q1 FY27 results: revenue rose 57% standalone, 61% consolidated; order book strengthened.

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 10 Aug - CARE report for quarter ended June 30, 2026 shows IPO and pre-IPO proceeds fully utilized.

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 26 Jun - Head-IT and Applications Aman Sharma resigned, effective close of business June 30, 2026.

Source: Bse

Open source ↗
Investor presentationMay 2026

May 2026 · PPT

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.