Exicom Tele-Systems Falls to 52-Week Low of Rs.101.2 Amidst Prolonged Downtrend

Recent Price Movement and Market Context

On 9 December 2025, Exicom Tele-Systems recorded its lowest price in the past year at Rs.101.2. This level also represents the company’s all-time low, underscoring the extent of the stock’s retreat. Over the last three trading days, the share price has declined by approximately 5.38%, continuing a sequence of losses. The stock’s performance today was broadly in line with its sector peers, which have also faced headwinds.

Technical indicators reveal that Exicom Tele-Systems is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a prevailing bearish sentiment among market participants and a lack of short- to medium-term momentum.

Meanwhile, the broader market environment has shown mixed signals. The Sensex opened lower by 359.82 points and was trading at 84,568.31, down 0.63% on the day. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 1.88% away, and is positioned above its 50-day and 200-day moving averages, indicating a generally bullish trend for the benchmark index.

Long-Term Performance and Sector Comparison

Over the past year, Exicom Tele-Systems has recorded a return of -63.46%, a stark contrast to the Sensex’s positive return of 3.76% during the same period. The stock’s 52-week high was Rs.290, highlighting the magnitude of the decline from its peak. This underperformance extends beyond the last year, with the stock lagging behind the BSE500 index over the last three years, one year, and three months.

The company operates within the Heavy Electrical Equipment industry, a sector that has faced its own challenges but has generally maintained more stable valuations relative to Exicom Tele-Systems. The stock’s relative weakness within its sector points to company-specific factors contributing to the price erosion.

Financial Results and Profitability Trends

Exicom Tele-Systems has reported negative results for five consecutive quarters, reflecting ongoing difficulties in generating profits. The company’s Profit Before Tax (PBT) excluding other income for the most recent quarter stood at Rs. -73.01 crores, representing a decline of 25.7% compared to the average of the previous four quarters. Similarly, the Profit After Tax (PAT) for the quarter was Rs. -66.65 crores, down 33.7% relative to the prior four-quarter average.

Interest expenses for the nine-month period reached Rs. 43.77 crores, showing a growth rate of 54.5%. This increase in interest outgo has added to the financial strain on the company’s earnings. The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) remains negative, which further highlights the challenges in operational cash flow generation.

Balance Sheet and Debt Servicing Capacity

Exicom Tele-Systems exhibits a high Debt to EBITDA ratio of -1.00 times, indicating a limited capacity to service its debt obligations from operating earnings. This metric points to a stretched financial position, which may constrain the company’s ability to invest in growth or manage unforeseen expenses effectively.

The company’s long-term fundamental strength is considered weak, with operating profits having grown at an annual rate of just 8.40% over the last five years. This modest growth rate, combined with ongoing losses and elevated debt levels, has contributed to the subdued market valuation and the recent decline to the 52-week low.

Valuation and Risk Considerations

The stock’s valuation appears elevated relative to its historical averages, especially given the negative EBITDA and persistent losses. Over the past year, profits have declined by approximately 68%, which has coincided with the substantial drop in share price. This combination of weak profitability and stretched valuation metrics contributes to the perception of increased risk associated with the stock.

Exicom Tele-Systems’ performance in both the near and long term has been below par when compared to broader market indices and sector benchmarks. The stock’s returns over the last year and beyond have not matched the performance of the BSE500, reflecting ongoing challenges in regaining investor confidence and market traction.

Summary of Key Metrics

To summarise, the stock’s recent fall to Rs.101.2 marks a new low point in a year characterised by financial strain and subdued market performance. Key figures include:

• 52-week high: Rs.290


• 1-year return: -63.46%


• Interest expense (9 months): Rs.43.77 crores, up 54.5%


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


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


• Debt to EBITDA ratio: -1.00 times


• Operating profit growth (5 years annualised): 8.40%

These figures illustrate the financial pressures that have coincided with the stock’s decline to its current low.

Market and Sector Outlook

While the broader Sensex index remains near its 52-week high and trades above key moving averages, Exicom Tele-Systems’ share price trajectory diverges significantly from this trend. The company’s sector, Heavy Electrical Equipment, has faced its own set of challenges, but the stock’s performance suggests company-specific factors have played a major role in its recent price movements.

Conclusion

Exicom Tele-Systems’ fall to Rs.101.2 represents a notable development in the stock’s recent history, marking its lowest valuation in over a year and its all-time low. The stock’s performance reflects a combination of weak financial results, elevated debt levels, and subdued growth prospects. These factors have contributed to the stock trading below all major moving averages and underperforming both its sector and the broader market indices over multiple time frames.

Limited Time Only! Upgrade now and get 1 Year of Stock of the week worth Rs. 14,999 for FREE. Don't miss out on this exclusive offer. Claim Your Free Year →