Exicom Tele-Systems Falls to 52-Week Low of Rs.116.4 Amidst Prolonged Downtrend

Stock Performance and Market Context

On 24 Nov 2025, Exicom Tele-Systems touched an intraday low of Rs.116.4, representing its lowest price point in the past year and an all-time low for the stock. This level comes after a continuous decline over the last 10 trading sessions, during which the stock has recorded a cumulative return of -17.15%. The day’s trading saw the stock fall by 4.28%, underperforming its sector by 3.86% and closing with a day change of -4.52%.

The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward momentum. This contrasts with the broader market, where the Sensex opened 88.12 points higher and was trading at 85,328.27, a level just 0.55% shy of its 52-week high of 85,801.70. The Sensex has been on a three-week consecutive rise, gaining 2.54% over this period, supported by strong performances from mega-cap stocks.

Financial Performance Highlights

Exicom Tele-Systems operates within the Heavy Electrical Equipment industry and sector, where it has faced considerable financial headwinds. Over the past year, the stock has delivered a return of -57.08%, markedly underperforming the Sensex’s 7.87% gain during the same period. The stock’s 52-week high was Rs.295.1, underscoring the extent of the decline to its current low.

The company has reported negative results for five consecutive quarters, with key financial metrics reflecting ongoing difficulties. The Profit Before Tax (PBT) excluding other income for the most recent quarter stood at a loss of 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 a loss of Rs.66.65 crores, down by 33.7% relative to the prior four-quarter average.

Interest expenses for the nine-month period reached Rs.43.77 crores, showing a growth of 54.5%, which adds to the financial strain. The company’s ability to service its debt remains constrained, with a Debt to EBITDA ratio of -1.00 times, indicating a negative EBITDA position and heightened risk in meeting financial obligations.

Long-Term and Recent Trends

Over the last five years, the company’s operating profit has shown a compound annual growth rate of 8.40%, which is modest within the context of the sector. However, the recent trend has been less favourable, with the company reporting operating losses and a negative EBITDA, which has contributed to the stock’s subdued performance.

Exicom Tele-Systems has also underperformed the BSE500 index over the last three years, one year, and three months, highlighting challenges in both the near and long term. The stock’s valuation metrics suggest it is trading at levels considered risky compared to its historical averages, reflecting the market’s cautious stance.

Sector and Market Comparison

While Exicom Tele-Systems has struggled, the Heavy Electrical Equipment sector and broader market indices have shown resilience. The Sensex’s current bullish positioning, trading above its 50-day moving average with the 50 DMA above the 200 DMA, contrasts with the stock’s downward trajectory. This divergence emphasises the stock’s relative weakness within its sector and the market at large.

Summary of Key Financial Indicators

The company’s financial indicators paint a challenging picture. Negative EBITDA and operating losses have persisted, with interest expenses rising significantly. The PBT and PAT figures for recent quarters have remained in negative territory, signalling ongoing pressure on profitability. These factors have contributed to the stock’s decline to its current 52-week low.

Despite these headwinds, the stock’s movement below all major moving averages and its sustained downward trend over the past 10 days reflect the market’s current assessment of the company’s financial health and growth prospects.

Conclusion

Exicom Tele-Systems’ fall to Rs.116.4 marks a notable low point in its share price over the past year. The stock’s performance has been weighed down by a series of negative quarterly results, rising interest costs, and a negative EBITDA position. While the broader market and sector indices have shown strength, the company’s financial metrics and stock price trajectory indicate ongoing challenges that have influenced its current valuation and market standing.

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