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Last Updated: April 2, 2026, 4:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523411 | NSE: ADCINDIA

ADC India Communications Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,448.88Undervalued by 19.15%vs CMP ₹1,216.00

P/E (30.5) × ROE (34.7%) × BV (₹167.00) × DY (2.47%)

₹680.31Overvalued by 44.05%vs CMP ₹1,216.00
MoS: -78.7% (Negative)Confidence: 66/100 (Moderate)Models: 1 Under, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,691.0021%Under (+39.1%)
Graham NumberEarnings₹387.2515%Over (-68.2%)
Earnings PowerEarnings₹349.8410%Over (-71.2%)
DCFCash Flow₹845.8710%Over (-30.4%)
Net Asset ValueAssets₹167.207%Over (-86.3%)
EV/EBITDAEnterprise₹629.719%Over (-48.2%)
Dividend DiscountDividends₹137.509%Over (-88.7%)
Earnings YieldEarnings₹399.107%Over (-67.2%)
ROCE CapitalReturns₹170.407%Over (-86%)
Revenue MultipleRevenue₹406.065%Over (-66.6%)
Consensus (10 models)₹680.31100%Overvalued
Key Drivers: Wide model spread (₹138–₹1,691) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.7%

*Investments are subject to market risks

Investment Snapshot

72
ADC India Communications Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 46.6% ExcellentROE 34.7% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.12% (6mo) Slight increasePromoter holding at 72.0% Stable
Earnings Quality75/100 · Strong
OPM expanding (8% → 16%) ImprovingWorking capital: 8 days (improving) Efficient
Quarterly Momentum30/100 · Weak
Revenue (4Q): 0% YoY FlatProfit (4Q): -35% YoY DecliningOPM: 11.9% (down 4.9% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 30.5 vs industry 365.2 Cheaper than peersROCE 46.6% vs industry 16.3% Above peersROE 34.7% vs industry 15.7% Above peers3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:00 am

Market Cap 560 Cr.
Current Price 1,216
Intrinsic Value₹680.31
High / Low 2,090/963
Stock P/E30.5
Book Value 167
Dividend Yield2.47 %
ROCE46.6 %
ROE34.7 %
Face Value 10.0
PEG Ratio1.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for ADC India Communications Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ADC India Communications Ltd 560 Cr. 1,216 2,090/96330.5 1672.47 %46.6 %34.7 % 10.0
Umiya Buildcon Ltd 140 Cr. 74.7 111/56.815.0 60.50.00 %9.59 %8.27 % 5.00
Prabhat Technologies (India) Ltd 107 Cr. 100 /13.5 7.290.00 %1.11 %8.44 % 10.0
NELCO Ltd 1,266 Cr. 555 1,162/5002,435 56.30.18 %14.4 %7.63 % 10.0
GTL Infrastructure Ltd 1,319 Cr. 1.03 2.17/0.96 4.990.00 %%% 10.0
Industry Average15,704.10 Cr262.86365.1551.050.25%16.26%15.66%8.17

All Competitor Stocks of ADC India Communications Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 38.3934.5244.2448.1042.0744.1148.6350.7941.9245.7445.1145.7547.96
Expenses 33.5135.6544.6238.6933.9935.3940.1240.1734.8642.7339.1941.2542.24
Operating Profit 4.88-1.13-0.389.418.088.728.5110.627.063.015.924.505.72
OPM % 12.71%-3.27%-0.86%19.56%19.21%19.77%17.50%20.91%16.84%6.58%13.12%9.84%11.93%
Other Income 0.260.190.320.610.500.730.881.080.741.110.790.982.02
Interest 0.000.080.000.000.000.020.020.000.000.010.000.000.00
Depreciation 0.050.050.050.050.050.050.050.060.050.050.050.060.10
Profit before tax 5.09-1.07-0.119.978.539.389.3211.647.754.066.665.427.64
Tax % 25.15%-21.50%-18.18%25.18%25.21%25.91%25.32%25.09%24.77%27.34%25.38%20.48%19.76%
Net Profit 3.82-0.84-0.097.456.386.946.968.725.832.954.974.316.13
EPS in Rs 8.30-1.83-0.2016.2013.8715.0915.1318.9612.676.4110.809.3713.33

Last Updated: March 3, 2026, 1:09 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4858586065867860121143179187185
Expenses 4754555662807355110133153158165
Operating Profit 233436551110262919
OPM % 4%6%6%6%5%7%6%8%9%7%15%16%10%
Other Income 2433331111245
Interest 0000000000000
Depreciation 0100001100000
Profit before tax 476669551111283324
Tax % 11%30%11%39%40%32%27%31%25%26%25%25%
Net Profit 3554464488212418
EPS in Rs 7.2010.8311.358.437.7012.748.267.8718.4317.7644.9853.1739.91
Dividend Payout % 35%277%22%36%52%188%24%32%76%23%67%56%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)66.67%0.00%-20.00%0.00%50.00%-33.33%0.00%100.00%0.00%162.50%14.29%
Change in YoY Net Profit Growth (%)0.00%-66.67%-20.00%20.00%50.00%-83.33%33.33%100.00%-100.00%162.50%-148.21%

ADC India Communications Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:19%
3 Years:16%
TTM:0%
Compounded Profit Growth
10 Years:17%
5 Years:45%
3 Years:42%
TTM:-19%
Stock Price CAGR
10 Years:19%
5 Years:52%
3 Years:57%
1 Year:-23%
Return on Equity
10 Years:18%
5 Years:24%
3 Years:29%
Last Year:35%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: February 1, 2026, 4:13 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 44323640423436384647666572
Borrowings 0000000000000
Other Liabilities 14261415141815222526334428
Total Liabilities 62625459615755657678104114105
Fixed Assets 5444444333333
CWIP 0000000000000
Investments 0000000000000
Other Assets 57585056575351627375101111101
Total Assets 62625459615755657678104114105

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1073305358-41926
Cash from Investing Activity + 222221111112
Cash from Financing Activity + -1-4-14-1-2-13-3-1-1-6-2-25
Net Cash Flow 115-930-7147-10193
Free Cash Flow 1073304358-41926
CFO/OP 555%270%151%132%83%124%113%161%108%-0%99%117%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow2.003.003.004.003.006.005.005.0011.0010.0026.0029.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8177687269646110961515760
Inventory Days 934744536144458945726042
Days Payable 10884869682817716790758374
Cash Conversion Cycle 654026294926303016483529
Working Capital Days 80-334043503237472546398
ROCE %8%17%15%15%13%20%13%13%24%22%45%47%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%72.02%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.35%0.12%0.12%
Public 27.98%27.97%27.97%27.98%27.98%27.99%27.98%27.97%27.98%27.64%27.87%27.86%
No. of Shareholders 4,4504,9834,7734,9274,9706,0837,8858,1538,4798,8718,1807,945

Shareholding Pattern Chart

No. of Shareholders

ADC India Communications Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 53.1744.9717.7718.447.87
Diluted EPS (Rs.) 53.1744.9717.7718.447.87
Cash EPS (Rs.) 53.6345.4318.2319.118.99
Book Value[Excl.RevalReserv]/Share (Rs.) 152.12154.03112.99109.2193.20
Book Value[Incl.RevalReserv]/Share (Rs.) 152.12154.03112.99109.2193.20
Dividend / Share (Rs.) 30.0030.004.0014.002.50
Revenue From Operations / Share (Rs.) 406.74388.57310.68258.53130.13
PBDIT / Share (Rs.) 71.7560.8424.6625.4112.57
PBIT / Share (Rs.) 71.2860.3824.2124.7411.45
PBT / Share (Rs.) 71.2460.3224.0224.7111.38
Net Profit / Share (Rs.) 53.1744.9717.7718.447.88
PBDIT Margin (%) 17.6315.657.939.839.65
PBIT Margin (%) 17.5215.537.799.578.80
PBT Margin (%) 17.5115.527.739.558.74
Net Profit Margin (%) 13.0711.575.727.136.05
Return on Networth / Equity (%) 34.9529.1915.7216.888.45
Return on Capital Employeed (%) 46.4438.9621.1822.5612.23
Return On Assets (%) 21.3819.9410.4111.215.55
Asset Turnover Ratio (%) 1.721.961.851.690.99
Current Ratio (X) 2.452.982.682.722.61
Quick Ratio (X) 2.072.301.812.242.10
Inventory Turnover Ratio (X) 9.750.790.260.350.31
Dividend Payout Ratio (NP) (%) 103.448.8978.7713.5525.38
Dividend Payout Ratio (CP) (%) 102.548.8076.8013.0822.24
Earning Retention Ratio (%) -3.4491.1121.2386.4574.62
Cash Earning Retention Ratio (%) -2.5491.2023.2086.9277.76
Interest Coverage Ratio (X) 1813.351032.72130.12817.55185.85
Interest Coverage Ratio (Post Tax) (X) 1344.82764.3094.75594.19117.52
Enterprise Value (Cr.) 578.56362.05242.00104.2667.21
EV / Net Operating Revenue (X) 3.092.031.690.871.12
EV / EBITDA (X) 17.5312.9421.338.9211.63
MarketCap / Net Operating Revenue (X) 3.412.281.871.181.59
Retention Ratios (%) -3.4491.1021.2286.4474.61
Price / BV (X) 9.125.745.152.782.22
Price / Net Operating Revenue (X) 3.412.281.871.181.59
EarningsYield 0.030.050.030.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ADC India Communications Ltd. is a Public Limited Listed company incorporated on 26/07/1988 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L32209KA1988PLC009313 and registration number is 009313. Currently Company is involved in the business activities of Manufacture of other communication equipments. Company's Total Operating Revenue is Rs. 187.10 Cr. and Equity Capital is Rs. 4.60 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Telecom EquipmentNo.10C, 2nd Phase, 1st Main, Bengaluru Karnataka 560058Contact not found
Management
NamePosition Held
Mr. Nagendra VenkaswamyChairman & Ind.Director
Mr. J N MylaraiahManaging Director
Ms. Vijaya Latha ReddyIndependent Director
Mr. Harish Hassan VisweswaraIndependent Director
Mr. Rakesh Kishore BhanushaliNon Executive Director
Mr. Jonathan Niall MurphyNon Executive Director

FAQ

What is the intrinsic value of ADC India Communications Ltd and is it undervalued?

As of 12 April 2026, ADC India Communications Ltd's intrinsic value is ₹680.31, which is 44.05% lower than the current market price of ₹1,216.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (34.7 %), book value (₹167), dividend yield (2.47 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ADC India Communications Ltd?

ADC India Communications Ltd is trading at ₹1,216.00 as of 12 April 2026, with a FY2026-2027 high of ₹2,090 and low of ₹963. The stock is currently near its 52-week low. Market cap stands at ₹560 Cr..

How does ADC India Communications Ltd's P/E ratio compare to its industry?

ADC India Communications Ltd has a P/E ratio of 30.5, which is below the industry average of 365.15. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is ADC India Communications Ltd financially healthy?

Key indicators for ADC India Communications Ltd: ROCE of 46.6 % indicates efficient capital utilization; ROE of 34.7 % shows strong shareholder returns. Dividend yield is 2.47 %.

Is ADC India Communications Ltd profitable and how is the profit trend?

ADC India Communications Ltd reported a net profit of ₹24 Cr in Mar 2025 on revenue of ₹187 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does ADC India Communications Ltd pay dividends?

ADC India Communications Ltd has a dividend yield of 2.47 % at the current price of ₹1,216.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ADC India Communications Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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