Exicom Tele-Systems Ltd Falls to 52-Week Low Amid Continued Financial Struggles

Stock Price Movement and Market Context

On 27 Jan 2026, Exicom Tele-Systems Ltd touched an intraday low of Rs.97.25, representing a decline of 2.99% on the day and a cumulative fall of 5.1% over the past two trading sessions. This latest low also constitutes the stock’s all-time lowest price level. The stock has underperformed the Heavy Electrical Equipment sector by approximately 3% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend.

In comparison, the broader market has also experienced pressure, with the Sensex opening 100.91 points lower and currently trading at 81,314.49, down 0.27%. The Sensex has declined by 2.71% over the last three weeks and is trading below its 50-day moving average, although the 50DMA remains above the 200DMA. Other indices such as NIFTY MEDIA and NIFTY REALTY also hit new 52-week lows on the same day, indicating a wider market weakness.

Long-Term Price Performance

Over the past year, Exicom Tele-Systems Ltd has delivered a negative return of 59.00%, a stark contrast to the Sensex’s positive 7.85% gain during the same period. The stock’s 52-week high was Rs.253.95, highlighting the extent of the decline from its peak. This prolonged downtrend has resulted in the stock underperforming not only the benchmark but also the BSE500 index across multiple time frames, including the last three years, one year, and three months.

Financial and Fundamental Analysis

Exicom Tele-Systems Ltd’s financial metrics reflect ongoing difficulties. The company has reported negative results for five consecutive quarters, with operating losses contributing to a weak long-term fundamental profile. Operating profit has grown at a modest annual rate of 8.40% over the last five years, which is below expectations for sustained growth in the Heavy Electrical Equipment sector.

The company’s ability to service debt remains constrained, with a Debt to EBITDA ratio of -1.00 times, indicating a negative EBITDA position. Interest expenses for the nine months ended have increased by 54.50% to Rs.43.77 crores, further pressuring profitability. Profit before tax excluding other income for the latest quarter stood at a loss of Rs.73.01 crores, a decline of 25.7% compared to the average of the previous four quarters. Similarly, the net profit after tax for the quarter was a loss of Rs.66.65 crores, down 33.7% versus the prior four-quarter average.

Valuation and Risk Considerations

The stock is currently rated as a Strong Sell with a Mojo Score of 3.0, an upgrade from a previous Sell rating on 26 May 2025. The Market Cap Grade is 3, reflecting the company’s small-cap status and associated risks. The stock’s valuation is considered risky relative to its historical averages, with profits declining by 68% over the past year alongside the 59% drop in share price. This combination of deteriorating earnings and price performance underscores the challenges faced by the company in both the near and long term.

Sector and Industry Context

Operating within the Heavy Electrical Equipment industry, Exicom Tele-Systems Ltd faces sectoral headwinds that have contributed to its subdued performance. The sector itself has seen mixed results, with some indices such as NIFTY MEDIA and NIFTY REALTY also hitting 52-week lows, reflecting broader market pressures. The company’s current share price is significantly below all major moving averages, indicating a lack of upward momentum in the stock relative to its peers and the overall market.

Despite the challenging environment, the company’s long-term growth trajectory remains below par, with operating profit growth rates and debt servicing capacity lagging behind industry standards. The negative EBITDA and rising interest costs further compound the financial strain, limiting the company’s flexibility in capital allocation and investment.

Summary of Key Metrics

To summarise, Exicom Tele-Systems Ltd’s key financial and market metrics as of 27 Jan 2026 are:

• New 52-week and all-time low price: Rs.97.25


• Day’s price change: -2.69%


• Consecutive two-day decline: -5.1% total return


• Mojo Score: 3.0 (Strong Sell), upgraded from Sell on 26 May 2025


• Market Cap Grade: 3


• Debt to EBITDA ratio: -1.00 times


• Interest expense (9 months): Rs.43.77 crores, up 54.50%


• PBT less other income (quarterly): Rs.-73.01 crores, down 25.7%


• PAT (quarterly): Rs.-66.65 crores, down 33.7%


• One-year stock return: -59.00%


• One-year profit decline: -68%

These figures illustrate the ongoing difficulties faced by Exicom Tele-Systems Ltd, reflected in both its market valuation and financial results.

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