Exicom Tele-Systems Falls to 52-Week Low of Rs.108.3 Amidst Continued Financial Strain

Stock Price Movement and Market Context

On 2 December 2025, Exicom Tele-Systems recorded its lowest price in the past year at Rs.108.3, a level that also represents the company’s all-time low. This price point comes after a period of sustained downward pressure, with the stock experiencing a cumulative return of -59.42% over the last twelve months. In contrast, the benchmark Sensex has shown a positive return of 6.49% during the same period, highlighting the stock’s relative underperformance.

Despite the new low, the stock outperformed its sector by 1.52% on the day, and showed a modest recovery following three consecutive days of decline. However, volatility remains elevated, with intraday price swings reaching 33.57%, as measured by the weighted average price. The stock continues to trade below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating persistent downward momentum.

Financial Performance and Profitability Trends

Exicom Tele-Systems’ financial results over recent quarters have reflected ongoing challenges. The company has reported negative results for five consecutive quarters, with operating losses contributing to a weak long-term fundamental position. Operating profit growth over the past five years has been modest, at an annual rate of 8.40%, which has not been sufficient to offset other financial pressures.

Interest expenses for the nine-month period stand at Rs.43.77 crores, representing a growth rate of 54.50%. Meanwhile, profit before tax excluding other income for the latest quarter was Rs.-73.01 crores, showing a decline of 25.7% compared to the average of the previous four quarters. Net profit after tax for the quarter was Rs.-66.65 crores, down by 33.7% relative to the prior four-quarter average. These figures underscore the company’s ongoing difficulties in generating positive earnings.

Debt and Valuation Considerations

The company’s ability to service its debt remains constrained, with a Debt to EBITDA ratio of -1.00 times, reflecting negative earnings before interest, tax, depreciation, and amortisation. This metric indicates that the company’s earnings are insufficient to cover its debt obligations, which adds to the financial strain.

From a valuation perspective, Exicom Tele-Systems is trading at levels considered risky relative to its historical averages. The stock’s return over the past year has been negative at -59.42%, while profits have declined by approximately 68% during the same timeframe. This combination of falling earnings and share price suggests challenges in maintaining investor confidence and market valuation.

Sector and Market Environment

The heavy electrical equipment sector, in which Exicom Tele-Systems operates, has experienced mixed performance. On the day of the stock’s new low, the broader Sensex index opened lower at 85,325.51 points, down 316.39 points or 0.37%, and was trading at 85,495.17 points, a decline of 0.17%. The Sensex remains close to its 52-week high of 86,159.02 points, just 0.78% away, and is supported by bullish moving averages, with the 50-day moving average above the 200-day moving average.

Mid-cap stocks have been leading the market, with the BSE Mid Cap index gaining 0.29% on the day. Despite this broader market strength, Exicom Tele-Systems has not mirrored these gains, reflecting company-specific factors weighing on its stock price.

Long-Term Performance and Historical Context

Over a three-year horizon, Exicom Tele-Systems has underperformed the BSE500 index, reflecting persistent challenges in both near-term and long-term performance. The stock’s 52-week high was Rs.295.1, illustrating the extent of the decline to the current 52-week low of Rs.108.3. This significant drop highlights the stock’s volatility and the difficulties faced by the company in regaining previous valuation levels.

While the stock showed a slight gain on the day of the new low, this followed a period of three days of consecutive falls, indicating ongoing pressure on the share price. The trading below all major moving averages further emphasises the subdued momentum in the stock’s price action.

Summary of Key Financial Indicators

To summarise, Exicom Tele-Systems’ recent financial indicators show:

• Operating losses continuing over multiple quarters


• Interest expenses rising to Rs.43.77 crores over nine months, up 54.50%


• Profit before tax excluding other income at Rs.-73.01 crores for the latest quarter, down 25.7%


• Net loss after tax at Rs.-66.65 crores for the quarter, down 33.7%


• Debt to EBITDA ratio at -1.00 times, indicating negative earnings relative to debt


• Stock trading below all key moving averages, with high intraday volatility of 33.57%

These factors collectively contribute to the stock’s current valuation and price behaviour, culminating in the recent 52-week low.

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