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BSE: 544133 | NSE: EXICOM | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Exicom Tele-Systems Ltd is a average quality company.
The key valuation ratios of Exicom Tele-Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Exicom Tele-Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.5% | 5.9% | 9.5% | 11.1% | 16.5% | 9.8% | -14.5% | -0.8% | 17.2% | 18.7% | - |
| Value Creation Index ⓘ | -0.7 | -0.6 | -0.3 | -0.2 | 0.2 | -0.3 | -2.0 | -1.1 | 0.2 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 119 | 147 | 146 | 187 | 274 | 346 | 275 | 309 | 336 | 516 | 516 |
| Sales YoY Gr. | - | 23.5% | -0.5% | 27.3% | 46.6% | 26.4% | -20.4% | 12.2% | 8.5% | 53.7% | - |
| Adj EPS ⓘ | 0.3 | 0.5 | 1.4 | 1.7 | 2.9 | 1.7 | -4.3 | -1.4 | 3.3 | 4 | 2.7 |
| YoY Gr. | - | 44.1% | 187.8% | 19.9% | 71% | -42.6% | -359.6% | NA | NA | 19.6% | - |
| BVPS (₹) ⓘ | 10.1 | 10.7 | 12.1 | 13.8 | 18.2 | 19.9 | 15.6 | 15.9 | 16.5 | 17.4 | 65.5 |
| Adj Net Profit ⓘ | 2 | 3 | 8.6 | 13.1 | 25.1 | 14.4 | -37.4 | -12.5 | 28.7 | 34.3 | 33 |
| Cash Flow from Ops. ⓘ | -3.1 | 5.7 | -13.3 | 38.3 | 14.6 | 21.5 | 34.4 | -16.8 | 16.2 | 8.7 | - |
| Debt/CF from Ops. ⓘ | -6 | 6.4 | -4.8 | 1 | 2.9 | 2.7 | 1.3 | -5.8 | 6 | 12.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.7% | 13.5% | 23.3% | 53.7% | ||||
| Adj EPS ⓘ | 31.4% | 6.5% | NA | 19.6% | ||||
| BVPSⓘ | 6.2% | -0.9% | 3.6% | 5.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.4 | 4.8 | 11.2 | 12.5 | 18 | 8.7 | -24.3 | -9.1 | 20.4 | 23.4 | 6.5 |
| Op. Profit Mgn % ⓘ | 6.1 | 6.3 | 11.6 | 13.5 | 9.8 | 6.3 | -15.9 | -1.9 | 8.6 | 10.5 | 12.7 |
| Net Profit Mgn % ⓘ | 1.7 | 2.1 | 5.9 | 7 | 9.2 | 4.2 | -13.6 | -4.1 | 8.6 | 6.7 | 6.3 |
| Debt to Equity ⓘ | 0.3 | 0.6 | 0.7 | 0.3 | 0.3 | 0.3 | 0.3 | 0.7 | 0.7 | 0.7 | - |
| Working Cap Days ⓘ | 207 | 227 | 275 | 244 | 238 | 264 | 355 | 333 | 353 | 239 | 0 |
| Cash Conv. Cycle ⓘ | 90 | 83 | 105 | 103 | 84 | 85 | 135 | 93 | 62 | 55 | 0 |
Sales growth is growing at healthy rate in last 3 years 23.26%
Debt to equity has declined versus last 3 years average to 0.71
Sales growth is good in last 4 quarters at 42.58%
Return on Equity has declined versus last 3 years average to 6.50%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | 0.5 |
| TTM Sales (₹ Cr.) | 516 | 708 |
| BVPS (₹.) ⓘ | 65.5 | 71.9 |
| Reserves (₹ Cr.) ⓘ | 671 | 748 |
| P/BV ⓘ | 4.26 | 3.88 |
| PE ⓘ | 103.73 | 529.03 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 170.25 / 308.20 |
| All Time Low / High (₹) | 170.25 / 308.20 |
| Market Cap (₹ Cr.) | 3,371 |
| Equity (₹ Cr.) | 120.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 90 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 147 | 146 | 187 | 274 | 346 | 275 | 309 | 336 | 516 |
| Operating Expenses ⓘ | 112 | 138 | 130 | 161 | 249 | 324 | 319 | 315 | 307 | 465 |
| Manufacturing Costs | 10 | 6 | 11 | 5 | 7 | 11 | 30 | 19 | 16 | 20 |
| Material Costs | 74 | 101 | 80 | 104 | 153 | 217 | 193 | 213 | 206 | 348 |
| Employee Cost | 15 | 17 | 19 | 24 | 32 | 45 | 53 | 50 | 46 | 53 |
| Other Costs ⓘ | 13 | 14 | 20 | 28 | 56 | 52 | 43 | 33 | 38 | 44 |
| Operating Profit ⓘ | 7 | 9 | 17 | 25 | 25 | 22 | -44 | -6 | 29 | 51 |
| Operating Profit Margin (%) | 6.1% | 6.3% | 11.6% | 13.5% | 9.0% | 6.3% | -15.9% | -2.0% | 8.6% | 9.9% |
| Other Income ⓘ | 2 | 2 | 1 | 1 | 16 | 29 | 36 | 14 | 38 | 18 |
| Interest ⓘ | 2 | 3 | 5 | 6 | 6 | 9 | 11 | 16 | 18 | 17 |
| Depreciation ⓘ | 4 | 4 | 5 | 7 | 9 | 8 | 16 | 16 | 15 | 16 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 8 | 13 | 24 | 33 | -35 | -23 | 35 | 37 |
| Tax ⓘ | 0 | 0 | 0 | 0 | -1 | 18 | 1 | -13 | 6 | 4 |
| Profit After Tax | 3 | 4 | 9 | 13 | 25 | 15 | -36 | -11 | 29 | 32 |
| PAT Margin (%) | 2.4% | 2.6% | 5.9% | 7.1% | 9.3% | 4.3% | -13.2% | -3.4% | 8.7% | 6.3% |
| Adjusted EPS (₹) | 0.5 | 0.6 | 1.4 | 1.7 | 2.9 | 1.7 | -4.2 | -1.2 | 3.4 | 3.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 60 | 65 | 89 | 122 | 158 | 172 | 135 | 138 | 143 | 151 |
| Share Capital ⓘ | 5 | 5 | 20 | 21 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 55 | 60 | 69 | 100 | 150 | 165 | 128 | 131 | 136 | 143 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 18 | 37 | 63 | 37 | 41 | 56 | 44 | 98 | 98 | 105 |
| Long Term Debt | 0 | 27 | 38 | 20 | 13 | 11 | 8 | 66 | 70 | 72 |
| Short Term Debt | 18 | 10 | 25 | 17 | 28 | 45 | 37 | 32 | 28 | 33 |
| Trade Payables | 28 | 47 | 34 | 47 | 92 | 128 | 132 | 168 | 156 | 137 |
| Others Liabilities ⓘ | 6 | 9 | 13 | 22 | 9 | 23 | 61 | 32 | 81 | 56 |
| Total Liabilities ⓘ | 112 | 158 | 199 | 228 | 299 | 379 | 373 | 436 | 478 | 448 |
Fixed Assets | ||||||||||
| Gross Block | 41 | 43 | 50 | 98 | 104 | 128 | 160 | 142 | 197 | 180 |
| Accumulated Depreciation | 21 | 25 | 30 | 37 | 43 | 51 | 62 | 71 | 99 | 104 |
| Net Fixed Assetsⓘ | 21 | 18 | 20 | 61 | 61 | 78 | 98 | 72 | 98 | 77 |
| CWIP ⓘ | 3 | 13 | 27 | 1 | 1 | 1 | 1 | 12 | 11 | 5 |
| Investmentsⓘ | 1 | 16 | 18 | 20 | 8 | 10 | 7 | 0 | 7 | 7 |
| Inventories | 27 | 33 | 31 | 38 | 77 | 131 | 118 | 110 | 127 | 116 |
| Trade Receivables | 42 | 58 | 80 | 80 | 116 | 99 | 99 | 133 | 115 | 128 |
| Cash Equivalents | 2 | 3 | 5 | 5 | 8 | 11 | 11 | 24 | 21 | 25 |
| Others Assetsⓘ | 16 | 18 | 19 | 23 | 28 | 51 | 39 | 85 | 100 | 91 |
| Total Assets ⓘ | 112 | 158 | 199 | 228 | 299 | 379 | 373 | 436 | 478 | 448 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | 6 | -13 | 38 | 15 | 22 | 34 | -17 | 16 | 9 |
| PBT ⓘ | 3 | 4 | 8 | 13 | 24 | 33 | -35 | -23 | 35 | 37 |
| Adjustment ⓘ | 6 | 6 | 10 | 12 | 27 | 16 | 27 | 29 | -5 | 13 |
| Changes in Working Capital ⓘ | -12 | -4 | -30 | 15 | -31 | -19 | 43 | -17 | -10 | -41 |
| Tax Paid ⓘ | 0 | 0 | -2 | -3 | -5 | -9 | 0 | -5 | -4 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | -24 | -26 | -24 | -12 | -26 | -11 | -28 | 14 | 9 |
| Capex | -3 | -11 | -22 | -21 | -9 | -25 | -11 | -17 | -18 | 9 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12 | 8 | -1 |
| Others ⓘ | 0 | -13 | -4 | -2 | -3 | -1 | 1 | 1 | 24 | 1 |
| Cash Flow From Financing Activityⓘ | 5 | 20 | 39 | -15 | -2 | 6 | -25 | 46 | -23 | -16 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 15 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Interest Paid ⓘ | -2 | -2 | -3 | -8 | -7 | -9 | -9 | -14 | -17 | -18 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 7 | 21 | 27 | -26 | 4 | 15 | -16 | 60 | -8 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | 0 | 2 | -1 | 2 | 7 | 2 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.8 | 6.03 | 12.36 | 14.66 | 19.26 | 8.98 | -23.69 | -7.79 | 20.86 | 22.14 |
| ROCE (%) | 6.38 | 7.96 | 10.56 | 12.28 | 17.16 | 19.6 | -11.86 | -3.68 | 22.02 | 21.68 |
| Asset Turnover Ratio | 1.27 | 1.15 | 0.88 | 0.94 | 1.05 | 1.02 | 0.73 | 0.76 | 0.73 | 1.11 |
| PAT to CFO Conversion(x) | -1 | 1.5 | -1.44 | 2.92 | 0.6 | 1.47 | N/A | N/A | 0.55 | 0.28 | Working Capital Days |
| Receivable Days | 97 | 118 | 160 | 144 | 129 | 113 | 131 | 137 | 135 | 86 |
| Inventory Days | 66 | 69 | 73 | 62 | 76 | 110 | 165 | 135 | 129 | 86 |
| Payable Days | 104 | 134 | 185 | 141 | 165 | 185 | 246 | 257 | 286 | 153 |
Exicom Tele-Systems Limited was incorporated as ‘Himachal Exicom Communications Limited’, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh, situated at Jalandhar on May 9, 1994. The Company was granted a certificate of commencement of business on May 11, 1994, by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh, situated at Jalandhar. The name of the Company was changed to ‘Exicom Tele-Systems Limited’, pursuant to a resolution passed by its Shareholders on August 6, 2008, and a fresh certificate of incorporation consequent upon change of name issued by the RoC on August 11, 2008.
The company is an India headquartered power management solutions provider, operating under two business verticals, (i) its critical power solutions business, wherein it designs, manufactures and service DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas (Critical Power Business); and (ii) its electric vehicle supply equipment (EV Charger) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India (EV Charger Business) and which commenced commercial sales in the Financial Year ended March 31, 2019.
The company was amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023. Furthermore, in its Critical Power Business, it occupies a market share of 16% in the DC Power Systems market and is recognized in the market for Li-ion Batteries for application in the telecommunications sector. It aims to be an impact business contributing to the sustainable energy transition by enabling electrification of transportation, and energy stability of digital communication infrastructure.
Its Critical Power Business delivers overall energy management at telecommunications sites and enterprise environments. Under this business vertical, it offers a diversified portfolio of DC power conversion systems (DC Power Systems) and Li-ion based energy storage solutions to deliver back-up power during grid interruptions (Li-ion Batteries or Energy Storage Solutions) and has deployments in India, South East Asia and Africa. Moreover, it leveraged its nearly three decades of domain experience and know-how in power conversion, energy management and de-carbonization solutions, along with tapping into its existing manufacturing and supply chain operations, to commence its EV Charger Business in 2019, which provides smart electric vehicle (EV) charging products and solutions.
Business area of the company
The company is an India headquartered power management solutions provider, operating under two business verticals- (i) critical power solutions business; and (ii) its electric vehicle supply equipment (EV Charger) solutions business.
Products of the company
Critical Power Business (DC Power Systems)
Critical power Business (Li-ion Batteries)
EV Charger business
Awards, accreditations and recognitions
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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