EXICOM
Exicom Tele-Systems share price & financials
- Price
- ₹161.51
- Market cap
- ₹2.0k Cr
- Sector
- Capital Goods
- Calls analysed
- 7
Exicom Tele-Systems Limited Q1 FY27
What went well
- Standalone revenue increased by 57% YoY to INR 236.8 crores.
- Standalone EBITDA more than doubled to INR 20.9 crores, achieving an 8.8% margin.
- Consolidated revenue grew by 61% YoY to INR 331.1 crores.
What to watch
- Consolidated EBITDA remained negative at INR 21.9 crores, though narrowed from INR 38.6 crores loss YoY.
- Standalone Critical Power revenue saw an 11% sequential drop from Q4 FY26.
What Exicom Tele-Systems Limited does
Exicom Tele-Systems designs and manufactures electric-vehicle charging hardware, from 3.3kW home units to 600kW highway/fleet DC chargers, alongside Critical Power equipment (DC power systems, power conversion modules/rectifiers, li-ion batteries and system controllers) that keeps telecom towers and data centres running. It sells EVSE products to charge-point operators, OEMs and fleet operators in India and, through its 2025-acquired US subsidiary Tritium, a DC fast-charging technology maker, across North America, Europe, ANZ and Southeast Asia. Revenue comes from manufacturing and selling this equipment plus deployment, service and O&M contracts, supported by an in-house R&D-to-production model spanning plants in India, the US and a testing/R&D centre in Australia.
Segments
- Critical Power
- EVSE / Electric Mobility
- Market position
- India's #1 EV charger company; captured ~60% share of India's residential EV-charging market and ~25% of the public segment
- Manufacturing plants
- Solan (Himachal Pradesh), Gurugram I & II (Haryana) and Hyderabad (Telangana) in India, plus Tennessee, USA (via Tritium)
- Hyderabad plant scale
- 18.4 acres, ~2,80,000 sq. ft. built-up area — described as India's largest integrated EV-charger and battery manufacturing plant
- Installed AC charger capacity (Hyderabad plant)
- 1,00,000+ units/annum, planned expansion to 2,00,000 units/annum
- Installed DC charger capacity (Hyderabad plant)
- 4,000+ units/annum
- Tritium Tennessee plant (USA) capacity
- Scalable to 30,000 chargers/annum
Guidance record · Q1 FY27
what the last two calls moved 13 tracked 2 delivered 3 missed 8 open- FY27 Non-Telecom BESS Revenue went quiet said Q4 FY26 Promised: INR 50 crores in business in this financial year [FY27] Q1 FY27: The INR 50 crore revenue target for non-telecom BESS in FY27 was not mentioned in the Q1 FY27 commentary.
- Critical Power Export Share revised down said Q3 FY26 Promised: grow exports to about 20% of the sales in FY27 Q1 FY27: Exports were 8% of Critical Power sales. Management revised the target to ~15% within a year, down from the original 20% for FY27.
- Hyderabad Plant Commercial Production Start delivered, diluted said Q3 FY25 Promised: production in May [2025] Q4 FY26: Achieved: 'The new Hyderabad manufacturing plant became fully operational in Q4 FY26.'
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 61.5%, net profit up 10.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 153 | 197 | 266 | 205 | 282 +84% | 277 +41% | 388 +46% | 331 +61% |
| EBITDA | -15 | -31 | -16 | -39 | -33 −120% | -32 −3% | 0 +100% | -22 +44% |
| Net profit | -17 | -49 | -62 | -83 | -69 −306% | -68 −39% | -54 +13% | -74 +11% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +29.2% 1Y
1Y: ₹141.12 on 10 Sept 2025 → ₹182.28. High ₹184.33 (7 Sept 2026), low ₹76.26 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.6%
- 10 Aug
- Q4 FY26
- +4.8%
- 19 May
- Q3 FY26
- −3.7%
- 13 Feb
- Q2 FY26
- +3.9%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to -9.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1.0k Cr | ₹868 Cr | ₹1.2k Cr |
| Operating profit | ₹112 Cr | ₹-37 Cr | ₹-104 Cr |
| Operating margin | 11.0% | -4.3% | -9.0% |
| Interest | ₹20 Cr | ₹43 Cr | ₹56 Cr |
| Depreciation | ₹18 Cr | ₹56 Cr | ₹116 Cr |
| Net profit | ₹64 Cr | ₹-110 Cr | ₹-274 Cr |
| Net margin | 6.3% | -12.7% | -23.8% |
| Cash from operations | ₹28 Cr | ₹-169 Cr | ₹-87 Cr |
| Free cash flow | ₹-16 Cr | ₹-773 Cr | ₹-405 Cr |
| ROCE | 20.0% | -6.0% | -15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹121 Cr | ₹139 Cr | ₹139 Cr |
| Reserves | ₹206 Cr | ₹214 Cr | ₹225 Cr | ₹601 Cr | ₹604 Cr | ₹512 Cr |
| Borrowings | ₹122 Cr | ₹128 Cr | ₹133 Cr | ₹46 Cr | ₹582 Cr | ₹713 Cr |
| Other liabilities | ₹343 Cr | ₹254 Cr | ₹340 Cr | ₹245 Cr | ₹513 Cr | ₹625 Cr |
| Total liabilities | ₹678 Cr | ₹603 Cr | ₹705 Cr | ₹1.0k Cr | ₹1.8k Cr | ₹2.0k Cr |
| Fixed assets | ₹93 Cr | ₹101 Cr | ₹79 Cr | ₹92 Cr | ₹645 Cr | ₹868 Cr |
| Capital work in progress | ₹19 Cr | ₹18 Cr | ₹5 Cr | ₹22 Cr | ₹117 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹565 Cr | ₹484 Cr | ₹620 Cr | ₹898 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Total assets | ₹678 Cr | ₹603 Cr | ₹705 Cr | ₹1.0k Cr | ₹1.8k Cr | ₹2.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +8.11 pp while promoters trimmed −4.30 pp. The shareholder count shrank 9% to 1,39,051.
- Promoters
- 65.2%
- FIIs
- 0.2%
- DIIs
- 0.3%
- Public
- 34.3%
Since Jun 2025
- Public +8.11 pp
- Promoters −4.30 pp
- DIIs −3.51 pp
How it drifted, 10 quarters
Over this window the public went from 18.7% to 34.3% — +15.6 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 69.6%, FIIs 1.5%, DIIs 10.2%, Public 18.7%.Jun '24: Promoters 69.6%, FIIs 1.0%, DIIs 8.5%, Public 20.9%.Sep '24: Promoters 69.6%, FIIs 0.9%, DIIs 6.5%, Public 23.0%.Dec '24: Promoters 69.6%, FIIs 0.7%, DIIs 5.7%, Public 24.0%.Mar '25: Promoters 69.6%, FIIs 0.6%, DIIs 3.8%, Public 26.0%.Jun '25: Promoters 69.5%, FIIs 0.5%, DIIs 3.8%, Public 26.2%.Sep '25: Promoters 66.5%, FIIs 0.5%, DIIs 3.9%, Public 29.1%.Dec '25: Promoters 66.5%, FIIs 0.1%, DIIs 3.7%, Public 29.8%.Mar '26: Promoters 66.5%, FIIs 0.2%, DIIs 3.5%, Public 29.9%.Jun '26: Promoters 65.2%, FIIs 0.2%, DIIs 0.3%, Public 34.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ayaan Logipark Private Limited (Previously known as Logipark Ghaziabad Private Limited) newly disclosed 0.00% held
- Oswal Silchar Logipark Private Limited newly disclosed 0.00% held
- Arham Logipark Private Limited newly disclosed 0.00% held
- Ziyah Logipark Private Limited newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Exicom Tele-Systems Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nextwave Communications Private Limited | 54.72% | unchanged |
| HFCL Limited | 5.44% | unchanged |
| Satellite Finance Private Limited | 5.04% | −1.27 pp |
| Belgrave Investment Fund FPI fund | 3.74% | unchanged |
| Abhinav Oswal | 0.00% | unchanged |
| Rishabh Oswal | 0.00% | unchanged |
| Manisha Oswal | 0.00% | unchanged |
| Suvrat Trading Co. Limited | 0.00% | unchanged |
| MN Ventures Private Limited | 0.00% | unchanged |
| Anant Nahata | 0.00% | unchanged |
| J.L. Growth Fund Limited | 0.00% | unchanged |
| Oswal Woollen Mills Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Exicom Tele-Systems Limited
Guides on how to read this kind of business and the numbers that matter.