ADC India Communications Ltd (ADCINDIA)

Loading page…

ADC India Communications Ltd (ADCINDIA) · mywealthgrid

About

ADC India Communications Ltd operates in the telecom equipment and accessories segment within the communication services sector, with a market cap of ₹1,139.51 Cr. Recent quarterly revenue averages ₹21 Cr, positioning it as a small-cap player serving India's telecom infrastructure needs. Its competitive positioning and specific customer base within this equipment segment should be verified.

Face value: ₹10

Market cap

₹1,031 Cr

P/E

54.5×

P/B

11.9×

Dividend yield

1.3%

ROE

24.2%

ROCE

31.2%

Debt / equity

OPM

10.3%

EPS (TTM)

₹41.1

Book value

₹188.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation: PE ratio of 314.43 with stock at 52-week high (₹2,477.2) following 79.76% 1-year return creates severe downside risk.
Revenue volatility: Historical quarterly revenue ranged ₹8.9–₹23.2 Cr, limiting earnings forecast reliability and visibility.
Margin sustainability: Operating margin has ranged 3–11% historically; verify if current 15.6% OPM reflects structural improvement or is cyclical.
Small-cap scale: ~₹21 Cr typical quarterly revenue limits operational leverage—verify competitive positioning against larger telecom equipment suppliers.

Generated analysis · source review pending

Growth drivers

Operating margin expanded to 15.6% from 3–11% historical range—verify if driven by product mix, pricing, or cost discipline and whether sustainable.
ROE of 34.74% with zero debt (D/E 0) shows capital-efficient operations—verify if scalable to larger revenue base without leverage.
Profitability in all 8 quarters shown despite ₹8.9–₹23.2 Cr revenue swings, plus dividend payout history (4 since 2024), signals consistent cash generation—verify sustainability.
1-year stock return of 79.76% and recent strong quarter (Mar 2021: 11.18% OPM, ₹1.76 Cr profit) suggest momentum—verify if from new customer wins or valuation expansion.

Generated analysis · source review pending

2,166 historical price candles were omitted because the exchange source has not been verified.

₹2,241.5-2.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 30.9% (3-yr avg)
+High return on capital employed of 40.7%
+Profit CAGR of 39.2% over the last 5 years
+Revenue CAGR of 27.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 2463×
+Dividend payout of 72.9% of profit
+High promoter holding of 72% with no pledge

Cons

−Trading at 11.9× book value

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 76
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	58	62	65	86	78	60	119	143	179	187	200
COGS	—	—	—	-71	-64	46	99	114	133	144	164
Gross profit	—	—	—	—	—	13	20	29	46	43	36
	55	59	62	151	137	9	9	19	20	14	15
	3	4	3	6	5	5	11	10	26	29	21
OPM %	5.9%	5.7%	4.8%	7%	6.2%	8.1%	8.9%	7.2%	14.6%	15.6%	10.3%
Depreciation	0	—	0	0	1	1	0	0	0	0	0
Interest	—	—	—	—	0	0	0	0	0	0	0
	3	3	3	3	1	1	1	1	2	4	4
Profit before tax	6	6	6	9	5	5	11	11	28	33	25
Tax	1	2	2	3	1	2	3	3	7	8	6
Tax %	10.8%	38.6%	39.7%	32.4%	27.1%	30.7%	25.4%	26%	25.4%	25.4%	23.1%
	5	4	4	6	4	4	8	8	21	24	19
PAT margin %	9%	6.2%	5.4%	6.8%	4.9%	6.1%	7.1%	5.7%	11.6%	13.1%	9.5%
EPS (₹)	11.3	8.5	—	12.8	8.3	7.9	18.4	17.8	45	53.2	41.2
EPS adjusted (₹)	—	—	—	—	—	7.9	18.4	17.8	45	53.2	41.2
	278%	35.5%	—	188.2%	24.2%	31.8%	75.9%	22.5%	66.7%	9.4%	121.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5
Reserves	38	46	47	66	65	82
	0	0	0	0	0	0
	22	25	26	33	44	48
Total equity & liabilities	65	76	78	104	114	135
	3	3	3	3	3	3
CWIP	—	—	—	—	—	—
Investments	0	0	0	0	0	0
	62	73	75	101	112	131
Total assets	65	76	78	104	114	135

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5	8	-4	19	26	13
	1	1	1	1	2	2
	-1	-1	-6	-2	-25	-2
Net cash flow	4	7	-10	19	3	13
Free cash flow	—	—	—	—	—	13
CFO / Operating profit %	103.3%	75.7%	-41.4%	74.6%	88.8%	65%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	22.5%	16.9%	20.3%	25.6%	23%	17.9%
EBITDA margin %	7%	6.2%	8.1%	8.9%	7.2%	14.6%	15.6%	10.3%
EBIT margin %	6.6%	5%	7.2%	8.6%	7%	14.5%	15.5%	10.2%
PAT margin %	6.8%	4.9%	6.1%	7.1%	5.7%	11.6%	13.1%	9.5%
Working capital
Receivable days	—	—	109	62	51	57	60	82
Inventory days	—	—	89	45	72	60	42	39
Payable days	—	—	167	90	78	83	74	96
NWC days	—	—	30	17	45	35	29	24
Leverage
Current ratio	—	—	2.61	2.72	2.68	2.98	2.45	2.66
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	88	175.3	1,138	123.8	925.7	1,639.5	2,463
Asset turnover	—	—	0.92	1.57	1.82	1.72	1.64	1.49
Return ratios
Return on assets %	—	—	5.5%	11.2%	10.4%	19.9%	21.4%	14.1%
Return on capital employed %	—	—	12.2%	24.3%	21.6%	44.8%	46.2%	31.2%
Return on equity %	—	—	8.4%	16.9%	15.7%	29.2%	35%	21.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%	72.02%
	0%	0%	0%	0%	0%	0%	0%	0.35%	0.11%	0.11%	0.11%	0.09%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.04%	0%
	27.98%	27.98%	27.98%	27.98%	27.98%	27.98%	27.98%	27.63%	27.87%	27.86%	27.83%	27.89%
No. of shareholders	—	—	—	—	—	—	—	—	8,180	7,945	7,748	7,668

Promoter holding up 0 percentage points since Sep 2023.

Mr. Nagendra VenkaswamyNon-Executive - Independent Director-Chairperson-Shareholder Director
Mr. J N MylaraiahExecutive Director-CEO-MD
Mr. Harish Hassan VisweswaraNon-Executive - Independent Director-Shareholder Director
Ms. Lin Xia SmythNon-Executive - Non Independent Director
Mr. N. Vineeth ChandranNon-Executive - Non Independent Director
Mr. Anandu Vithal NayakChief Financial Officer
Ms. Geetha DesikachariCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in ADC India Communications Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Nov 2026 · in 41 daysresults

25

Dividend dividend31 Jul 2026 · ex-date₹25
Final dividend1 Aug 2025 · ex-date₹5
Interim dividend2 Apr 2025 · ex-date₹25
Dividend dividend2 Aug 2024 · ex-date₹5
Special dividend2 Aug 2024 · ex-date₹25
Dividend dividend24 Jul 2023 · ex-date₹4
Final dividend21 Jul 2022 · ex-date₹4
Special dividend21 Jul 2022 · ex-date₹10
Dividend dividend22 Jul 2021 · ex-date₹2.5
Dividend dividend19 Aug 2020 · ex-date₹2
Final dividend19 Jul 2019 · ex-date₹4
Interim dividend6 Nov 2018 · ex-date₹20
Dividend dividend17 Jul 2018 · ex-date₹4
Dividend dividend20 Jul 2017 · ex-date₹3
Dividend dividend5 Jul 2016 · ex-date₹2.5
Final dividend18 Jun 2015 · ex-date₹1
Interim dividend6 Apr 2015 · ex-date₹29
Dividend dividend31 Jul 2014 · ex-date₹2.5
Dividend dividend1 Aug 2013 · ex-date₹1.5
Dividend dividend28 Jun 2012 · ex-date₹0.5
Dividend dividend27 Jan 2012 · ex-date₹1.5
Dividend dividend28 Jan 2011 · ex-date₹1.5
Dividend dividend8 Jan 2010 · ex-date₹1.5
Dividend dividend12 Feb 2009 · ex-date₹2.5
Dividend dividend14 Feb 2008 · ex-date₹3

2

Board meeting to consider results12 Nov 2026
Board meeting to consider results12 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

1 announcementsExport CSV

14 Sept 2026, 2:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	22.5%	16.9%	20.3%	25.6%	23%	17.9%
EBITDA margin %	7%	6.2%	8.1%	8.9%	7.2%	14.6%	15.6%	10.3%
EBIT margin %	6.6%	5%	7.2%	8.6%	7%	14.5%	15.5%	10.2%
PAT margin %	6.8%	4.9%	6.1%	7.1%	5.7%	11.6%	13.1%	9.5%
Working capital
Receivable days	—	—	109	62	51	57	60	82
Inventory days	—	—	89	45	72	60	42	39
Payable days	—	—	167	90	78	83	74	96
NWC days	—	—	30	17	45	35	29	24
Leverage
Current ratio	—	—	2.61	2.72	2.68	2.98	2.45	2.66
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	88	175.3	1,138	123.8	925.7	1,639.5	2,463
Asset turnover	—	—	0.92	1.57	1.82	1.72	1.64	1.49
Return ratios
Return on assets %	—	—	5.5%	11.2%	10.4%	19.9%	21.4%	14.1%
Return on capital employed %	—	—	12.2%	24.3%	21.6%	44.8%	46.2%	31.2%
Return on equity %	—	—	8.4%	16.9%	15.7%	29.2%	35%	21.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sterlite Technologies LimitedSTLTECHSTLTECH	₹49,095 Cr	₹50,922 Cr	₹5,642 Cr	₹829 Cr	12%	₹280 Cr	1.2%	9.5%	2.6%	58
Iti LimitedITIITI	₹23,210 Cr	₹23,975 Cr	₹2,111 Cr	₹53 Cr	2%	₹324 Cr	13.4%	2%	16.6%	-47
Tejas Networks LimitedTEJASNETTEJASNET	₹8,269 Cr	₹12,304 Cr	₹1,303 Cr	₹-647 Cr	-61.8%	₹-917 Cr	-82.4%	-26.7%	-26.8%	2,010
Optiemus Infracom LimitedOPTIEMUSOPTIEMUS	₹7,129 Cr	₹7,435 Cr	₹2,216 Cr	₹101 Cr	5.5%	₹73 Cr	3.7%	10.3%	9.2%	14
Valiant Communications LtdVALIANTVALIANT	₹1,973 Cr	₹1,975 Cr	₹85 Cr	₹30 Cr	35.6%	₹24 Cr	28.5%	40%	30.6%	172
Birla Cable LimitedBIRLACABLEBIRLACABLE	₹1,149 Cr	₹1,280 Cr	₹861 Cr	₹84 Cr	6.1%	₹46 Cr	2.2%	11.1%	6.3%	124
ADC India Communications LtdADCINDIAADCINDIA	₹1,031 Cr	₹1,031 Cr	₹200 Cr	₹21 Cr	10.3%	₹19 Cr	9.5%	31.2%	24.2%	24
Umiya Buildcon LimitedUMIYA-MROUMIYA-MRO	₹172 Cr	₹297 Cr	₹73 Cr	₹26 Cr	35.9%	₹9 Cr	58.3%	29.7%	44.4%	914
Aksh Optifibre LimitedAKSHOPTFBRAKSHOPTFBR	₹115 Cr	₹199 Cr	₹148 Cr	₹12 Cr	2.1%	₹-2 Cr	-10.3%	-7.1%	—	-77
Punjab Communications LtdPUNJCOMMUPUNJCOMMU	₹67 Cr	₹68 Cr	₹21 Cr	₹-20 Cr	-26.9%	₹-12 Cr	11.1%	9.9%	10.1%	-218
Telogica LtdTELOGICATELOGICA	₹53 Cr	₹58 Cr	₹19 Cr	₹1 Cr	6.4%	₹2 Cr	4.4%	6.2%	6.2%	293
Tamilnadu Telecommunication LimitedTNTELETNTELE	₹53 Cr	₹91 Cr	₹0 Cr	₹-1,644 Cr	—	₹-10,322 Cr	—	—	—	—

ADC India Communications Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

25

2

Announcements

1

25

2

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

ADC India Communications Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Upcoming and recent1

Dividends25

Board meetings2

Announcements

Upcoming and recent1

Dividends25

Board meetings2

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

25

2

1

25

2