ADC India Communications Ltd
KRONECOMMADC India Communications Ltd's price has outrun its earnings. +103.0% in a year against EPS −22.6% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +103.0% in a year while annual EPS moved −22.6% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (11 weeks in) while the P/E sits at the 94th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +19.0% year on year, and 91% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
ADC India Communications Ltd trades at ₹2,357, in a confirmed uptrend and 11 weeks into that stage. That is +32.9% against its own 200-day average. It sits at 86% of a 52-week range of ₹1,203 to ₹2,551. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).
Today the stock is in a confirmed uptrend — week 11 of stage 2, confirmed. At ₹2,357 it trades +32.9% versus its 200-day average and sits at 86% of its 52-week range (₹1,203–₹2,551).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +866% while the NIFTY 500 moved +266% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 94th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
ADC India Communications Ltd trades at 51.6× P/E, at the pricey end of its own range (94th percentile). Its long-run median P/E is 25.5×, measured across 10.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 51.6× is at the pricey end of its own range (94th percentile), against a long-run median of 25.5× measured over 10.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −22.6% against a +103.0% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +54.3%/yr price move, ~+39.4%/yr came from earnings growth and ~+14.9 pp from the multiple (expanding); over 10y, of the +24.6%/yr price move, ~+12.6%/yr came from earnings growth and ~+12.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
ADC India Communications Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −50.6% at the trough to +19.0%, a 3-quarter improving streak (single-quarter readings), ROCE holding at 31.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +7.0% | +11.8% | +27.2% | +13.2% |
| Profit | −20.8% | +33.4% | +36.6% | +14.3% |
| EPS | −22.6% | +32.3% | +39.2% | +13.7% |
| Share price | +103.0% | +38.2% | +54.3% | +24.6% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
55.4/100 — rank 6 of 18 in Telecom Services · 79% evidence confidence
ADC India Communications Ltd scores 55.4 out of 100 against the 18 companies it is compared with in Telecom Services, ranking 6. Price leads the evidence: RS versus the benchmark is 43.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 12 + 18.5 + 6.4 + 18.5 = 55.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
ADC India Communications Ltd reported ₹61.2 Cr of revenue in the Mar 26 quarter, +33.9% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 13.2% a year. The last full year, FY26, came in at ₹200 Cr. The last four reported quarters add to ₹200 Cr.
ADC India Communications Ltd reported ₹61.2 Cr of revenue in the Mar 26 quarter, +33.9% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 13.2% a year. The last full year, FY26, came in at ₹200 Cr. The last four reported quarters add to ₹200 Cr.
FY26 revenue came in at ₹200 Cr (+7.0% on the year), capping 10 years at 13.2% compound. The latest quarter (Mar 26) printed ₹61.2 Cr, +33.9% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +7.8% growth against the decade's 13.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +6.9% over the last 4 quarters against +5.9%/yr over the last 8 — stabilising; TTM profit −22.6% vs −4.3%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 7.3% this quarter (+0.8 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
ADC India Communications Ltd's operating margin is 7.3% in the Mar 26 quarter, +0.8 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0% to 16.0%. The current quarter sits inside that band.
ADC India Communications Ltd's operating margin is 7.3% in the Mar 26 quarter, +0.8 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0% to 16.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 7.3%, +0.8 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0%–16.0%.
Why the margin moved: operating margin went +0.8 pp year on year while gross margin went +0.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +19.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
ADC India Communications Ltd earned ₹3.5 Cr of net profit in the Mar 26 quarter, +19.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹19.0 Cr. The 10-year compound rate is 14.3%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹3.0 Cr.
ADC India Communications Ltd earned ₹3.5 Cr of net profit in the Mar 26 quarter, +19.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹19.0 Cr. The 10-year compound rate is 14.3%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹3.0 Cr.
Mar 26 profit was ₹3.5 Cr, +19.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹19.0 Cr (−20.8%), and the 10-year compound rate is 14.3%.
Why profit moved: revenue contributed +33.9% and the margin +0.8 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit −13.8% vs revenue +7.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 91% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 91% of ADC India Communications Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹13.0 Cr of operating cash against ₹19.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹13.0 Cr was left as free cash.
FY26: operating cash of ₹13.0 Cr against reported profit of ₹19.0 Cr, leaving free cash of ₹13.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 91% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 91%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 24-day cycle and ₹0.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
ADC India Communications Ltd's cash conversion cycle runs 24 days in FY26, down from 30 days in FY21. Capital spending ran ₹0.0 Cr over the last 3 years. At FY26 sales of ₹200 Cr each day of that cycle holds about ₹0.5 Cr, so roughly ₹13.0 Cr sits inside the business at any moment.
FY26: debtors at 82 days, inventory at 38 days — roughly 1.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 24 days, tighter than FY21's 30.
The full loop: cash goes out to suppliers and production on day 0; stock waits 38 days to sell; customers pay about 82 days after that; and suppliers themselves are paid at 96 days — netting out to the 24-day cycle.
In money terms: at FY26 sales of ₹200 Cr, each day of the cycle holds about ₹0.5 Cr — so the 24-day loop keeps roughly ₹13.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹0.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 31%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
ADC India Communications Ltd earns a ROCE of 31% in FY26. That is up from a trough of 8% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 9.5% net margin on 1.48× asset turns.
FY26 ROCE is 31%, recovered from a FY14 trough of 8% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 9.5% net margin × 1.48× asset turns × 1.55× balance-sheet leverage ≈ 21.8% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
ADC India Communications Ltd carries ₹0.0 Cr of borrowings against ₹87.0 Cr of equity in FY26, a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Capital spending ran ₹0.0 Cr across the last 3 of those years.
FY26: borrowings of ₹0.0 Cr against equity of ₹87.0 Cr — a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr while capital spending ran ₹0.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of ADC India Communications Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 72.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 72.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
ADC India Communications Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| ADC India Communications Ltd this page | 51.6× | ₹977 Cr | Turning around | |||
| Bharti Airtel Ltd | 44.5× | ₹11.8L Cr | Mixed | |||
| Vodafone Idea Ltd | — | ₹1.4L Cr | No read | |||
| Indus Towers Ltd | 14.6× | ₹1L Cr | Mixed | |||
| Bharti Hexacom Ltd | 47.3× | ₹80,380 Cr | Mixed | |||
| Tata Communications Ltd | 48.6× | ₹50,599 Cr | Deteriorating | |||
| HFCL Ltd | 52.6× | ₹30,130 Cr | Turning around | |||
| ITI Ltd | — | ₹26,501 Cr | No read | |||
| Tejas Networks Ltd | — | ₹8,817 Cr | No read | |||
| Tata Teleservices (Maharashtra) Ltd | — | ₹7,699 Cr | No read | |||
| Optiemus Infracom Ltd | 81.1× | ₹5,355 Cr | Mixed | |||
| NELCO Ltd | 357.0× | ₹2,129 Cr | Turning around | |||
| Mahanagar Telephone Nigam Ltd | — | ₹1,708 Cr | No read | |||
| GTL Infrastructure Ltd | — | ₹1,563 Cr | No read | |||
| Valiant Communications Ltd | 46.8× | ₹1,131 Cr | Consistent | |||
| Suyog Telematics Ltd | 15.8× | ₹996 Cr | Mixed | |||
| OnMobile Global Ltd | — | ₹646 Cr | No read | |||
| ADC India Communications Ltd | 32.3× | ₹594 Cr | No read | |||
| Sar Televenture Ltd | 8.2× | ₹587 Cr | No read |
Frequently asked questions
What is ADC India Communications Ltd's share price today?
ADC India Communications Ltd trades at ₹2,357, +103.0% over the past year. The company is valued at ₹977 Cr. The stock sits at 86% of its 52-week range of ₹1,203–₹2,551, +32.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 11 weeks in. — as of 24 July 2026.
What were ADC India Communications Ltd's latest quarterly results?
ADC India Communications Ltd reported revenue of ₹61.2 Cr and net profit of ₹3.5 Cr for the Mar 26 quarter. Revenue rose 33.9% and profit rose 19.0% year on year. Earnings per share were ₹7.63. The operating margin was 7.3%, 0.8 pp higher than a year earlier. — as of 24 July 2026.
What is ADC India Communications Ltd's revenue?
ADC India Communications Ltd reported revenue of ₹61.2 Cr in the Mar 26 quarter, +33.9% year on year. For the full FY26 fiscal year, revenue was ₹200 Cr (+7.0%). Over the last 10 years revenue compounded at 13.2% a year. — as of 24 July 2026.
What is ADC India Communications Ltd's profit?
ADC India Communications Ltd earned ₹3.5 Cr of net profit in the Mar 26 quarter, +19.0% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹19.0 Cr. The operating margin ran 7.3% in the latest quarter. — as of 24 July 2026.
What is ADC India Communications Ltd's market cap?
ADC India Communications Ltd's market capitalisation is ₹977 Cr at a share price of ₹2,357. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is ADC India Communications Ltd's P/E ratio?
ADC India Communications Ltd trades at a P/E of 51.6×, at the 94th percentile of its own 10-year range, against a long-run median of 25.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Is ADC India Communications Ltd overvalued?
On its own history, ADC India Communications Ltd looks expensive against its own history: its P/E of 51.6× sits at the 94th percentile of its 10-year range (long-run median 25.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is ADC India Communications Ltd growing?
Yes — ADC India Communications Ltd is growing: latest-quarter revenue +33.9% year on year, profit +19.0%, and the margin +0.8 pp at 7.3%. The 10-year compound rates are 13.2% (revenue) and 14.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is ADC India Communications Ltd performing?
ADC India Communications Ltd is in a confirmed uptrend, 11 weeks in. Its latest quarter's revenue rose 33.9% and profit rose 19.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is ADC India Communications Ltd in?
Turning around — profit growth swung from −50.6% at the trough to +19.0%, a 3-quarter improving streak (single-quarter readings), ROCE holding at 31.0%. The read comes from the last 12 quarters of growth (revenue growth +33.9% latest, profit growth +19.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is ADC India Communications Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 11 of stage 2), trading +32.9% versus its 200-day average and at 86% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is ADC India Communications Ltd beating the market?
Not lately — on a trailing-13-week view ADC India Communications Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +866% against the NIFTY 500's +266% — ahead of the index over the full window. — as of 24 July 2026.
Will ADC India Communications Ltd's share price go up?
This page publishes no price forecast for ADC India Communications Ltd. What it measures instead: the share price is ₹2,357, the price is in a confirmed uptrend 11 weeks in. Its P/E of 51.6× sits at the 94th percentile of its own 10-year range. — as of 24 July 2026.
Who owns ADC India Communications Ltd?
Promoters hold 72.0% of ADC India Communications Ltd, foreign institutions 0.1%, domestic institutions null% and the public 27.9% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does ADC India Communications Ltd have too much debt?
No — ADC India Communications Ltd's debt-to-equity is 0.00. FY26 borrowings were ₹0.0 Cr against equity of ₹87.0 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is ADC India Communications Ltd's capex?
ADC India Communications Ltd spent ₹0.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹0.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is ADC India Communications Ltd's cash flow?
ADC India Communications Ltd generated ₹13.0 Cr of operating cash flow in FY26 and ₹13.0 Cr of free cash flow after ₹0.0 Cr of capital spending. Reported profit that year was ₹19.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is ADC India Communications Ltd's profit real cash?
Yes — over the last 3 fiscal years, 91% of ADC India Communications Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹13.0 Cr against reported profit of ₹19.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is ADC India Communications Ltd in its business cycle?
ADC India Communications Ltd's FY26 operating margin was 10.0%, against a 13-year band of 4.0%–16.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 7.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the ADC India Communications Ltd story?
The sharpest disagreement: the price moved +103.0% in a year while annual EPS moved −22.6% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is ADC India Communications Ltd a stock worth studying right now?
This is not investment advice. The machine read: ADC India Communications Ltd's price has outrun its earnings. +103.0% in a year against EPS −22.6% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.