AI-generated · cited to primary sources · not investment advice
Exicom Tele-Sys. (544133) May 2025 Filing Analysis
Does management do what it says?
The company successfully secured initial BESS orders worth approximately $1 million, marking its entry into the green energy segment. (2 met across 2 tracked commitments)
“We have one, two trial orders, and they will be executed in the beginning of Quarter 2 FY '26, after which hopefully these can convert into series orders as well.”
See the full cited Management analysis of Exicom Tele-Sys.
How durable is the business?
The company's order book has expanded significantly to over Rs 1,500 Cr, providing strong revenue visibility for FY26, particularly in the Critical Power segment. (4 expanding)
“Bullish on FY’26 with Order backlog > 1,500 Cr”
Consolidated EVSE revenue grew by 81.5% YoY, largely driven by the acquisition and integration of Tritium. However, standalone revenue was flattish (+0.8%) due to sales price erosion despite higher volumes. (2 expanding, 1 stable, 1 contracting)
“Consolidated EVSE Revenue (Rs Cr) ... Q4 FY24 56.9 ... Q4 FY25 103.2 ... +81.5%”
See the full cited Business Model analysis of Exicom Tele-Sys.
What could break the thesis?
While the 5G cycle has slowed, the company has secured its 'highest-ever order book' of over Rs. 1,500 crores, providing significant revenue visibility for the next 3 years. (1 easing)
“this is the highest-ever order book we have had for Critical Power business which is more than Rs. 1,500 crores that has to be executed over next 3 years”
See the full cited Risk analysis of Exicom Tele-Sys.
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