Exicom Tele-Sys. (EXICOM)

FairStock Score: 9/100 — RISKY

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Sales growth of 40.74% indicates strong demand for products
• Promoter holding of 66.47% aligns management with shareholders
• Book value of ₹47.57 provides some tangible asset support
• Debt/Equity of 0.78 is moderate, not excessively leveraged

Concerns

• Latest quarterly net loss of ₹68 Cr on ₹277 Cr sales, with negative ROCE of -5.94%, shows poor capital allocation
• ROE of just 0.94% against a P/B of 2.51 means the market is pricing in an improvement that hasn't materialized
• Piotroski F-Score of 3/9 indicates weak financial health
• Zero dividend yield; shareholders receive no income while waiting

AI Analysis

At ₹119.27, Exicom Tele-Sys carries a market cap of ₹1,292 Cr, but the earnings engine is sputtering. Sales grew 40.74%, yet the latest quarter posted a net loss of ₹-68 Cr on ₹277 Cr revenue. With a Piotroski F-Score of 3/9, financial health is fragile. The balance sheet shows book value ₹47.57, but a P/B of 2.51 means I'm paying 2.5 rupees for every rupee of equity that earns just a 0.94% ROE. That's a poor return on capital—indeed, ROCE is negative at -5.94%. Debt/equity of 0.78 isn't alarming, but with losses, servicing debt drains cash. Promoter holding of 66.47% is reassuring, but high growth without profits is not value; it's hope. No dividend means I'm not paid to wait. In Graham's terms, this is speculative at best. I'd need a margin of safety: a price well below book value, or a clear path to double-digit ROE. Right now, the market capitalises ₹1,292 Cr on a company that's destroying capital. The 52-week range of ₹75.60 to ₹183.00 shows how sentiment swings. I'll stay on the sidelines unless the business turns around with sustained profitability.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer