Exicom Tele-Systems
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Exicom Tele-Systems is currently navigating a pivotal transition, balancing growth in the EV charging sector with challenges in its traditional telecom power business. Management's optimism is underpinned by government initiatives like the PM E-Drive scheme and the strategic acquisition of Tritium, which are expected to enhance its competitive position in the burgeoning EV ecosystem. However, the company is facing profitability pressures, reflected in a consolidated loss for FY 2025-26, necessitating a focus on operational efficiency and successful integration of acquisitions. Vista's financial outlook anticipates moderate revenue growth and stable margins, supported by a robust order book and diversification across critical power segments. The expected upside of approximately 7.67% aligns with the company's strategic priorities, including expanding export market share and capitalizing on the 5G rollout. Industry dynamics, such as improving pricing power and significant government investments in grid expansion, further bolster Exicom's long-term growth potential. Over the next 12-24 months, key opportunities include scaling high-power DC charging infrastructure and enhancing operational efficiency, while watchpoints include supply chain challenges and the need for successful integration of Tritium
Why We Like This Stock
- Strong government support for EV initiatives enhances growth prospects
- A robust order book and diversified customer base provide a solid foundation for revenue generation
- Strategic focus on scaling operations and improving operational efficiency is expected to drive profitability
Things To Watch Out For
- Current profitability pressures and a consolidated loss for FY 2025-26 may hinder short-term performance
- Supply chain challenges could impact operational efficiency and margin stability
- The need for successful integration of the Tritium acquisition poses execution risks
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,020 | 868 | 1,152 | 1,317 | 1,560 |
| Profit Before Tax (Cr.) | 94 | -105 | -252 | -171 | -237 |
| PBT Margin | 9.2% | -12.1% | -21.9% | -13.0% | -15.2% |
| Net Profit (Cr.) | 83 | -112 | -257 | -128 | -178 |
| Earnings Per Share | 6.0 | -8.1 | -18.5 | -9.2 | -12.8 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
Show Company Profile
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 mode power supply; and switched module rectifier. It also provides DC power conversion systems, hybrid power systems, solar chargers, telecom batteries, controllers, data center battery back-up solutions, and AC and DC chargers. In addition, the company offers Spin Control App; Spin Air and Spin Free app; ChargeX; and Harmony Connect software. It serves CPO, fleet, workplace, hotel, real estate, retail, hospitality, heavy duty vehicle, and hospital industries. The company was formerly known as Himachal Exicom Communications Limited and changed its name to Exicom Tele-Systems Limited in August 2008. The company was incorporated in 1994 and is based in Gurugram, India. Exicom Tele-Systems Limited operates as a subsidiary of NextWave Communications Private Limited.