Exicom Tele-Systems Ltd is an India-based power management solutions provider, incorporated in 1994. The company specializes in manufacturing EV chargers and critical power components, offering comprehensive energy storage solutions and electric vehicle charging systems. As a sustainable energy transition company, Exicom operates with a vertically integrated approach, supported by a vast service network of over 200 engineers across 26+ states, covering more than 450 cities.
The company focuses on two primary business fronts:
1. EV Charging Products: Enabling the electrification of transportation.
2. Power Conversion Systems and Energy Storage Solutions: Facilitating energy stability for digital communication infrastructure.
Exicom Tele-Systems Ltd's operations are divided into the Critical Power and Electric Vehicle (EV) Charger segments. The Critical Power segment encompasses the design, manufacturing, and servicing of DC power systems and Li-ion based energy storage solutions for telecommunications sites and enterprise environments. The EV Charger segment is dedicated to providing smart charging systems with innovative technology for residential, business, and public charging applications.
The company's business portfolio spans two critical segments within the sustainable energy ecosystem. Exicom Tele-Systems Limited manufactures and sells electric vehicle chargers in India and internationally. Additionally, it provides digital infrastructure technology solutions for energy management at telecommunication sites and enterprise environments. Its product range includes indoor and outdoor power systems, hybrid power systems, Li-ion batteries, and AC and DC chargers. The company also offers project management services for large-scale projects, including site surveys, civil/electrical works, panel installation, cable laying, trenching, and auxiliary material supply.
Exicom's strategic evolution over the decades includes:
- 1995: Started manufacturing DC Power Systems at its Solan facility.
- 2013: Commenced trading of Li-ion based energy storage batteries for telecommunication infrastructure.
- 2015: Launched renewable hybrid power solutions for telecommunication towers.
- 2016: Started production of DC Power Systems at Gurugram Facility I.
- 2022: Began manufacturing EV Chargers at Gurugram Facility I.
- 2023: Initiated production of Li-ion batteries at Gurugram Facility II in Haryana.
Exicom Tele-Systems Ltd currently holds a market capitalization of ₹2,565 crore as of July 8, 2025. Recent financial quarters have presented challenges, with the company reporting a net profit fall of -326.72% year-over-year to ₹-62.28 crore in Q4 FY2024-25. Quarter-on-quarter, net profits saw a decline of -27.18%.
The company's revenue for Q4 FY2024-25 stood at ₹268.89 crore, a -12.09% decrease compared to the same period last year. However, on a quarterly growth basis, revenue demonstrated a 32.53% jump from the preceding three months. The company's EBITDA for the quarter was ₹187.76 million, with an EBITDA margin of 11.47%.
- Revenue: ₹268.89 crore
- Net Profit: ₹-62.28 crore
- Net Profit Margin: -23.16%
- EBITDA: ₹187.76 million
- EBITDA Margin: 11.47%
Despite recent financial setbacks, Exicom remains optimistic about future growth. The company projects a 50% increase in standalone revenue and a 100% rise on a consolidated basis for FY2025-26, underpinned by a robust order book exceeding ₹1,500 crores. Strategic initiatives, including new product launches and advancements in battery technology, are expected to bolster its market positioning, particularly in international markets such as Australia and Brazil.
Exicom has been actively expanding its global footprint through strategic acquisitions and subsidiary formations. In 2023-24, it incorporated Horizon Power Solutions L.L.C-FZ in Dubai as a wholly-owned subsidiary. This was followed by the acquisition of Exicom Power Solutions B.V. in the Netherlands as a wholly-owned subsidiary in 2024.
Exicom announced a ₹260 crore rights issue, offering 3 shares for every 20 held, at an issue price of ₹143, with the record date set for July 7, 2025. The rights issue is scheduled to open on July 15, 2025.
Additionally, the board approved the conversion of an unsecured loan of approximately ₹283.20 crore (including accrued interest) into equity shares of its wholly-owned subsidiary, Exicom Power Solutions B.V., Netherlands. This strategic move aims to reduce interest outflows, alleviate working capital pressure, and enhance liquidity within the subsidiary, which operates in the EV sector.
In terms of stock performance, Exicom Tele-Systems Ltd has given a return of -57.65% over the last year. However, the stock has shown signs of recovery recently, rising by 10.35% compared to the previous week and 20.16% over the last month. Over the last year, EXICOM TELE SYSTEMS LTD has recorded a -39.28% decrease. The stock reached its all-time high of ₹530.00 on July 2, 2024, and its all-time low of ₹130.37 on March 17, 2025.
The company maintains a strong promoter holding of 69.6%, indicating significant confidence from its founders. Exicom does not currently pay dividends to its shareholders, prioritizing growth and expansion initiatives. The company operates in a competitive landscape with established players in both the EV charging and critical power segments, positioning itself as a comprehensive solutions provider in the sustainable energy transition space.
