About Exicom Tele-Systems Limited
Incorporated in 1994, Exicom Tele-Systems manufactures Electric Vehicle Charger Systems and Critical Power Solutions for telecom sector and enterprise environments.
They are amongst the first entrants in the EV Chargers manufacturing segment in India and amongst the market leaders, with a market share of 60% in residential charging and 25% in the public charging segments. They have a market share of 16% in the DC Power Systems market and are recognized as a leading player in the market for Li-ion Batteries for use in the telecom sector, with a market share of 10%.
ABOUT THE INDUSTRY
Indian EV industry is one of the fastest growing markets in the world with growth of over 130% from FY 2022. EV penetration is expected to grow across vehicle segments, i.e., two-wheelers, three-wheelers passenger vehicles, buses, and commercial vehicles. The EV PV and bus market is estimated to grow by nine times between FY ‘23 and FY ’28, at a CAGR of 50% to 60%. The telecom power systems market in India is expected to grow from Rs. 15 billion in FY ‘23 to Rs. 22 billion in FY ’28 at a CAGR of 8.50%.
Why To Invest in Exicom Tele-Systems Limited
Market leader in fastest growing EV charger systems and power backup systems for telecom sector. The IPO Net Proceeds will be utilised for:
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana
- Repayment of borrowings
- Part-funding incremental working capital requirements
- Investment in R&D and product development
| Year | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Operating Revenur (Rs. Cr) | 512.9 | 842.8 | 707.9 |
| PAT (Rs. Cr) | 3.45 | 5.13 | 6.37 |
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