Exicom Tele-Systems Ltd(EXICOM)

NSE: EXICOMBSE: 544133

₹ 127.1+0.71%refreshed 26 Oct, 12:57 pm ISTMarket cap: ₹ 1,768 crWebsite: www.exicom.inUpdated: 24 Oct 2026

About

Exicom Tele-Systems is an Indian manufacturer of EV charging (AC and DC) and Critical Power solutions for telecom networks, and owns the business of Tritium, a DC fast charging maker with a plant in Tennessee, USA and an engineering centre in Brisbane, Australia. It reported revenue of ₹1,151.73 Cr in FY26, with Critical Power contributing 55.7% and EV Charger 44.3%. Its FY25 annual report describes it as the market leader in EV residential chargers with a 56% market share.^[1][2][3]

Business segments

Critical Power (telecom DC power systems, rectifiers, Li-ion batteries): ₹641.82 Cr revenue in FY26, 55.7% of revenue, EBIT margin 6.0%; vs ₹570.36 Cr in FY25 and ₹776.23 Cr in FY24.^[3][1][4]
EV Charger (AC and DC chargers, including Tritium): ₹509.91 Cr revenue in FY26, 44.3% of revenue, EBIT of -₹235.15 Cr; vs ₹297.25 Cr in FY25 and ₹243.37 Cr in FY24.^[3][1][4]
EV Charger segment share of revenue rose 20.4 percentage points between FY24 and FY26.^[3]

Products and brands

Critical Power portfolio covers DC power systems, rectifiers and Li-ion battery packs for telecom operators and tower companies; BESS for C&I customers is a new addition.^[5]
India EV portfolio includes AC wallbox chargers (including 7.4 kW portable), DC fast chargers up to 240 kW Gen 2, Gen 2 Slim Series (60/80 kW) and a power-sharing ring topology DC charger (2×60 kW delivering 120 kW), launched or updated in Q1 FY27.^[5]
Tritium portfolio includes the 75kW RTM 75, 300kW distributed PKM 150 and 800kW Tri-Flex Ultra-Fast Charger; the TRI-FLEX hub scales from 400 kW to 1.6 MW AC and up to 3.2 MW DC (FY25).^[1]
New Tritium products TRI-FLEX, DC-FLEX and GRID-FLEX were in field/lab validation or delivered to hyperscale customers as of Q1 FY27.^[5]
Exicom One is a turnkey EV charging site solution covering EPC, hardware, software, EMSP and NOC, scaled with at least three large OEM/CPO customers (Q3 FY26).^[6]

Manufacturing and capacity

New Hyderabad integrated plant became fully operational in Q4 FY26 with 3× the production capacity of the prior Gurgaon plant; it handles Li-ion battery assembly, AC chargers and DC charger SMPS.^[5]
Hyderabad AC charger capacity is ~2× and DC charger capacity ~2.5× that of the old Gurgaon plant (Q4 FY26); 1000 kW of solar panels installed at the Hyderabad facility (FY25).^[7][1]
Expansion plan to raise capacity from 42,000 to 2,22,000 AC chargers and from 2,400 to 5,900 DC fast chargers across two phases (FY25 annual report).^[1]
Parallel running of Gurgaon and Hyderabad plants added ~₹8.7 Cr to fixed costs in Q1 FY27.^[5]
Tritium makes DC fast chargers at its Tennessee, USA facility, where TRI-FLEX production started in early 2026; engineering centre in Brisbane, Australia.^[6][1]
Gurugram facility holds IATF 16949 and ISO 9001 certifications (FY25).^[1]

Key operating numbers

Consolidated order book ₹1,400+ Cr in Q1 FY27 (Critical Power ₹1,000+ Cr; EVSE India incl. exports ₹200+ Cr), vs total order book of ₹2,344.20 crore reported in the FY25 annual report.^[5][1]
Tritium bookings USD 20.8 Mn in Q1 FY27 (~2× QoQ); revenue USD 10.3-10.5 Mn for a second straight quarter; backlog USD 23 Mn.^[5]
Critical Power standalone revenue ₹176 Cr in Q1 FY27, +73% YoY; EV standalone revenue ₹60.8 Cr, +15% YoY.^[5]
AC charger monthly run rate up 50% from November/December 2025 levels as of Q1 FY27.^[5]
BESS: 15 MWh (~₹20 Cr) of orders in hand and 34 MWh (~₹45 Cr) in advanced pipeline in Q1 FY27.^[5]
Over 1,33,000 chargers sold worldwide; number of EV chargers sold grew 24.8% YoY in FY25.^[1]

Customers and distribution

Critical Power customers are mainly telecom players in India, South East Asia and Africa; EV customers are automotive OEMs, CPOs and fleet aggregators (FY25).^[1]
Q1 FY27: ₹85 Cr DC power systems order from a leading Indian telco and a supply agreement with a major tower company.^[5]
BharatNet system integrators onboarded include RVNL, HFCL, NCC and ITI; Exicom holds ~60% project share in BharatNet execution (Q1 FY27).^[5]
Won 100% wallbox share with a leading international 4W OEM in Q1 FY27; export orders from 10+ new countries.^[5]
Critical Power export revenue ~₹15 Cr in Q1 FY27; FY27 export target ~15% of CP sales or ~₹140 Cr.^[5]
FY25: Critical Power won orders in the Philippines and Myanmar and began work with Saudi Arabia's largest tower company; Tritium gives access to over 47 international markets.^[1]
AC chargers sold via e-commerce platforms and own website, with an average customer rating of 4.5+ (FY25); partnership with ChargeZone for 500 renewable-powered high-speed chargers.^[1]
Tritium selected as primary vendor for the largest planned fleet DC fast charging rollout globally, targeted for H2 CY2026.^[8]

Expansion and new business

BESS order book target of ₹150 Cr for FY27; BSNL Phase 2 Uncovered Villages target of ~2,000 tower sites worth ₹90-100 Cr in FY27.^[5]
Tritium strategic contracts (TRI-FLEX, DC-FLEX, GRID-FLEX) of USD 20-30 Mn each expected for CY27 execution if trials succeed.^[5]
GRID-FLEX delivered to a hyperscale customer since June 2026; a potential 100-unit (~USD 15 Mn) follow-on order expected by end-September 2026.^[5]
Large Li-ion battery supplies to a second leading tower company targeted from Q4 FY27.^[5]

Recent developments

Delhi EV Policy 2026 notified 30 June 2026: ₹15,000 Cr four-year outlay targeting 30,000+ public charging points; OEM dealers mandated to install charging stations.^[5]
PM E-DRIVE sanctioned ₹504 Cr approving 4,874 public chargers; Haryana building code mandates EV-ready conduits.^[5]
Tritium raised USD 10 Mn equity from a UK-based PE fund (as of Q3 FY26), with talks with other players for a minority stake.^[6]
Consolidated EBITDA turned positive (₹0.3 Cr) in Q4 FY26, the first time since the Tritium acquisition.^[7]
FY25: new ESOP Scheme 2025 of 40,43,733 options approved, with the ESOP 2023 pool cut to 8,19,227; Exicom NexGen Power B.V. closed in Feb 2025.^[1]

Market Cap

₹1,768 Cr

High / Low

₹189 / 76

Stock P/E

-6.7

Price / Book

2.7

Book Value

₹47

EPS

₹-19.7

No. of Shares

13.91 Cr

ROCE

-14.9%

ROE

-43.3%

OPM

-16.8%

Debt / Equity

0.68

Sales

₹1,152 Cr

Net Profit

₹-274 Cr

Promoter holding

65.2%

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Exicom Tele-Systems Ltd(EXICOM)

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