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Punjab Communications Ltd (PUNJCOMMU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500346 NSE: PUNJCOMMU Telecommunication - Equipment | Small Cap | Punjab Communication Share Price

₹50.78 1.09 (2.19%)

As on 04-Jun'26 16:59

Punjab Communications Ltd (PUNJCOMMU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500346 NSE: PUNJCOMMU Telecommunication - Equipment | Small Cap | Punjab Communication Share Price

₹50.78 1.09 (2.19%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹61 Cr.
Current Price
₹50.8
52-Week Low / High
₹40 / 74
TTM EPS
₹2.5
TTM Sales
₹26.9 Cr.
Book Value per Share
₹25.3
P/E Ratio
20.51
Higher than its 3-year historical median
Industry PE
132.8
Price to Book (P/B)
2.01
In line with its 5-year historical median
Price to Sales (P/S)
2.27
Lower than its 5-year historical median
EV/EBITDA
0.68
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-1.32%
Underperforms industry median
Return on Capital Employed (ROCE)
-0.52%
Underperforms industry median
Return on Assets (ROA)
-0.46%
Operating Profit Margin
-53.4%
Net Profit Margin
-2.2%
Gross Profit Margin
-4.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.35%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-103.74%
Asset Quality
Promoter Holding
71.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18 Cr.
Equity
₹12 Cr.
Face Value
₹10
All Time Low / High
₹9.00 / 255.00

Punjab Communications stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Punjab Communications Ltd a good quality company?
Punjab Communications Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Punjab Communications Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Punjab Communications Ltd vs industry peers?
Punjab Communications Ltd revenue CAGR is -9.01%, compared to the industry median CAGR of 12.15%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Punjab Communications Ltd?
Promoters hold 71.28% of the Punjab Communications Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Punjab Communications Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Punjab Communications Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -11.7%-7.7%-6.2%-3.2%-17.6%-22.4%-32.4%-58.8%44.9%-0.5%-
Value Creation
Index
-1.8-1.6-1.4-1.2-2.3-2.6-3.3-5.22.2-1.0-

Growth Parameters

Sales 20.22837.944.727.620.610.810.615.117.227
Sales YoY Gr.-38.7%35.6%17.8%-38.2%-25.4%-47.7%-1.6%42.1%14.4%-
Adj EPS -8.5-5.3-4-2.3-9.5-9.9-10.4-91-0.72.5
YoY Gr.-NANANANANANANANA-173.7%-
BVPS (₹) 69.564.461.258.748.439.228.615.52423.725.3
Adj Net
Profit
-10.2-6.4-4.9-2.7-11.4-11.9-12.5-10.81.2-0.83
Cash Flow from Ops. -0.9-12-13.8-4.9-10.3-4.8-15.1-23-1.2-9.4-
Debt/CF from Ops. 0-0-0.1-0-000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.7%-9%17%14.4%
Adj EPS NANANA-173.7%
BVPS-11.3%-13.3%-6%-1%
Share Price 1.7% 7.4% 17.1% -21.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-11.5-7.9-6.4-3.8-17.7-22.6-30.6-40.64.8-2.910.1
Op. Profit
Mgn %
-94.6-52.8-34.1-25.3-72.2-97.2-193.4-155.8-60.5-53.5-24
Net Profit
Mgn %
-50.6-22.7-12.8-6.1-41.4-57.9-116.1-101.77.6-4.911.1
Debt to
Equity
00000000000
Working Cap
Days
906683507443661671975869572471846
Cash Conv.
Cycle
2341481411673433334452557364279

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales20.1627.9637.9144.6627.6020.5810.7610.5915.0517.21
Operating Expenses + 39.2542.7250.8455.9447.5340.5731.5727.0824.1526.41
Manufacturing Costs2.171.601.933.672.271.731.341.071.172.05
Material Costs11.4013.8619.5124.1515.2410.553.214.716.098.58
Employee Cost 22.8723.8725.9524.8626.9525.8724.7219.4114.8613.21
Other Costs 2.813.383.463.263.072.422.301.902.032.58
Operating Profit -19.09-14.76-12.93-11.28-19.93-19.99-20.81-16.49-9.10-9.20
Operating Profit Margin (%) -94.7%-52.8%-34.1%-25.3%-72.2%-97.2%-193.0%-155.0%-60.5%-53.4%
Other Income + 9.309.068.819.479.018.487.918.087.098.60
Exceptional Items -0.37000000-6.9412.860.66
Interest 0.090.060.110.340.070.040.030.040.500.23
Depreciation 0.220.530.610.550.440.350.290.230.200.20
Profit Before Tax -10.48-6.29-4.83-2.70-11.43-11.90-13.22-15.6210.15-0.38
Tax 000000-0.73000
Profit After Tax -10.48-6.29-4.83-2.70-11.43-11.90-12.49-15.6210.15-0.38
PAT Margin (%) -52.0%-22.5%-12.7%-6.1%-41.4%-57.9%-116.0%-147.0%67.5%-2.2%
Adjusted EPS (₹)-8.7-5.2-4.0-2.3-9.5-9.9-10.4-13.08.4-0.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Punjab Communication - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 83.6477.4073.5870.6358.2747.1334.4118.6428.8328.55
Share Capital 12.0512.0512.0512.0512.0512.0512.0512.0512.0512.05
Reserves 71.5965.3561.5358.5846.2235.0822.366.5916.7816.50
Debt +00.501.8900.3900000
Long Term Debt0000000000
Short Term Debt00.501.8900.3900000
Minority Interest0000000000
Trade Payables17.7718.2016.9319.7015.9115.5414.4714.1815.2914.49
Others Liabilities 21.0526.0127.0143.5446.4747.1948.4246.1437.8737.83
Total Liabilities 122.46122.11119.41133.88121.04109.8597.3078.9581.9980.87

Fixed Assets

Net Fixed Assets +5.665.664.865.324.973.543.283.052.882.84
Gross Block56.2156.0852.9956.6956.7952.4752.4352.2352.1552.30
Accumulated Depreciation50.5550.4248.1351.3751.8248.9349.1549.1849.2749.47
CWIP 0000000000
Investments 6.996.997.786.996.996.996.996.9900
Inventories8.8012.5811.7212.878.594.094.262.043.033.05
Trade Receivables14.4315.4118.9527.7724.2818.2410.4310.2210.629.65
Cash Equivalents flag 51.1854.0653.6666.2164.5067.2059.5043.8954.8755.76
Others Assets 35.4027.4022.4414.7311.709.7912.8512.7710.599.57
Total Assets 122.46122.11119.41133.88121.04109.8597.3078.9581.9980.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.86-12.03-13.83-4.93-10.34-4.78-15.11-22.97-1.21-9.39
PBT -10.48-6.58-3.81-2.95-11.43-11.90-12.49-15.6210.15-0.38
Adjustment -1.26-7.42-6.99-7.45-5.39-7.12-7.48-9.61-10.60-7.32
Changes in Working Capital 10.610.95-3.495.476.4814.244.862.26-0.76-1.69
Tax Paid 0.261.010.460000000
Cash Flow From Investing Activity + 1.3810.4115.75414.225.908.6423.0825.35-9.78
Capex -1.81-0.43-0.57-0.22-0.09-0.01-0.010.01-0.02-0.15
Net Investments 000000006.990
Others 3.1910.8516.324.2114.315.908.6523.0818.38-9.63
Cash Flow From Financing Activity + -0.070.451.29-2.210.33-0.423.88-0.04-4.400
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.07-0.05-0.10-0.32-0.05-0.03-0.02-0.04-0.500
Dividend Paid 0000000000
Others 00.501.39-1.890.39-0.393.900-3.900
Net Cash Flow 0.44-1.173.21-3.134.210.70-2.590.0819.74-19.17

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-11.79-7.81-6.4-3.75-17.74-22.6-30.65-58.9642.82-1.32
ROCE (%)-11.68-7.71-6.16-3.23-17.58-22.43-32.36-58.7644.88-0.52
Asset Turnover Ratio0.180.250.320.350.220.180.10.120.190.21
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A-0.12N/A
Working Capital Days
Receivable Days261.20178.70160.70190.90344.20377.20486.30355.90252.80214.90
Inventory Days147.70128113.60100.50142112.50141.60108.5061.5064.50
Payable Days561.60473.50328.70276.80426.505441,707.101,110.60882.50633.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Punjab Communications Ltd FAQs

The current trading price of Punjab Communication on 04-Jun-2026 16:59 is ₹50.78.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Punjab Communication stood at ₹61.06 Cr

The latest P/E ratio of Punjab Communication as of 03-Jun-2026 is 20.51.

The latest P/B ratio of Punjab Communication as of 03-Jun-2026 is 2.01.

The 52-week high of Punjab Communication is ₹74.01 and the 52-week low is ₹40.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Punjab Communication is ₹26.85 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Punjab Communications Ltd is a below average quality company.

The key valuation ratios of Punjab Communications Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Punjab Communications Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Punjab Communications Ltd

Punjab Communications Ltd. is India's premier Telecom and IT equipment and solution provider company having successfully supplied and implemented a host of state-of-the-art Telecom, Software and integrated turnkey solutions across the country.

Punjab Communications Ltd. is ISO 9001:2000 certified and has always strived to provide technologically superior high quality equipments and services  and  since  inception  in  1981  has developed a strong brand  image amongst a vast clientele including bulk telecom users ,corporates, service providers, railways, power sector, government and security agencies.

Its diverse product range covers Switching and networking equipments, Broadband, Wireless, STM1/4/16, PLCC, Power plants, Security products etc. manufactured at its state-of-the-art manufacturing facility in Mohali, near Chandigarh.

The company’s activities cover the following areas:  

  • Telecom equipment manufacturing
  • IT and Software Solutions
  • Turnkey Projects
  • Repair and Maintenance

Products and services offered by the company :

Product

  • Transmission Products
  • Radio Products
  • Switching Products
  • Networking Products
  • Security & Surveillance

Services

  • Turnkey projects
  • Internet Services
  • Contract manufacturing

IT Solution

  • Software
  • Consultancy
  • Design Services
  • BPO

Achievements/ recognition:-

  • An ISO 9001:2000 certified company
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