Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2,407, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 59x in the Communications industry in India. Total returns to shareholders of 266% over the past three years. Board Change • Aug 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. MD & Executive Director Mylaraiah Jambur is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 24
Upcoming dividend of ₹25.00 per share Eligible shareholders must have bought the stock before 31 July 2026. Payment date: 06 September 2026. Payout ratio is a comfortable 61% and the cash payout ratio is 89%. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.3%). Reported Earnings • Jul 16
Full year 2026 earnings released: EPS: ₹41.15 (vs ₹53.17 in FY 2025) Full year 2026 results: EPS: ₹41.15 (down from ₹53.17 in FY 2025). Revenue: ₹2.00b (up 6.9% from FY 2025). Net income: ₹189.3m (down 23% from FY 2025). Profit margin: 9.5% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 26
ADC India Communications Limited to Report Q1, 2027 Results on Aug 12, 2026 ADC India Communications Limited announced that they will report Q1, 2027 results at 12:15 PM, Indian Standard Time on Aug 12, 2026 Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,461, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 69x in the Communications industry in India. Total returns to shareholders of 268% over the past three years. New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹41.15 (vs ₹53.17 in FY 2025) Full year 2026 results: EPS: ₹41.15 (down from ₹53.17 in FY 2025). Revenue: ₹2.04b (up 9.2% from FY 2025). Net income: ₹189.3m (down 23% from FY 2025). Profit margin: 9.3% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
ADC India Communications Limited, Annual General Meeting, Aug 07, 2026 ADC India Communications Limited, Annual General Meeting, Aug 07, 2026. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹2,025, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 58x in the Communications industry in India. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,417, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 50x in the Communications industry in India. Total returns to shareholders of 97% over the past three years. Announcement • Mar 30
ADC India Communications Limited to Report Fiscal Year 2026 Final Results on May 21, 2026 ADC India Communications Limited announced that they will report fiscal year 2026 final results on May 21, 2026 Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹13.33 (vs ₹12.66 in 3Q 2025) Third quarter 2026 results: EPS: ₹13.33 (up from ₹12.66 in 3Q 2025). Revenue: ₹479.6m (up 14% from 3Q 2025). Net income: ₹61.3m (up 5.3% from 3Q 2025). Profit margin: 13% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,276, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 47x in the Communications industry in India. Total returns to shareholders of 178% over the past three years. Announcement • Dec 29
ADC India Communications Limited to Report Q3, 2026 Results on Feb 10, 2026 ADC India Communications Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 10, 2026 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,451, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 46x in the Communications industry in India. Total returns to shareholders of 230% over the past three years. New Risk • Nov 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (₹6.71b market cap, or US$75.8m). Announcement • Sep 25
ADC India Communications Limited to Report Q2, 2026 Results on Nov 11, 2025 ADC India Communications Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,910, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 47x in the Communications industry in India. Total returns to shareholders of 398% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹1,623, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 48x in the Communications industry in India. Total returns to shareholders of 366% over the past three years. Buy Or Sell Opportunity • Aug 07
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₹1,378. The fair value is estimated to be ₹1,114, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 48%. Upcoming Dividend • Jul 25
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 07 September 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.4%). Reported Earnings • Jul 18
Full year 2025 earnings released: EPS: ₹53.17 (vs ₹44.97 in FY 2024) Full year 2025 results: EPS: ₹53.17 (up from ₹44.97 in FY 2024). Revenue: ₹1.87b (up 4.7% from FY 2024). Net income: ₹244.6m (up 18% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year and the company’s share price has also increased by 48% per year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,265, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 23x in the Communications industry in India. Total returns to shareholders of 322% over the past three years. Announcement • Jun 25
ADC India Communications Limited to Report Q1, 2026 Results on Aug 12, 2025 ADC India Communications Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,076, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 23x in the Communications industry in India. Total returns to shareholders of 243% over the past three years. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹53.17 (vs ₹44.97 in FY 2024) Full year 2025 results: EPS: ₹53.17 (up from ₹44.97 in FY 2024). Revenue: ₹1.91b (up 6.8% from FY 2024). Net income: ₹244.6m (up 18% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 49% per year. Declared Dividend • May 29
Final dividend of ₹5.00 announced Shareholders will receive a dividend of ₹5.00. Ex-date: 1st August 2025 Payment date: 7th September 2025 Dividend yield will be 2.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 28
ADC India Communications Limited, Annual General Meeting, Aug 08, 2025 ADC India Communications Limited, Annual General Meeting, Aug 08, 2025. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,254, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 26x in the Communications industry in India. Total returns to shareholders of 417% over the past three years. Announcement • Apr 24
ADC India Communications Limited to Report Q4, 2025 Results on May 27, 2025 ADC India Communications Limited announced that they will report Q4, 2025 results on May 27, 2025 Announcement • Mar 25
ADC India Communications Limited Declares Interim Dividend for the Financial Year 2024-2025, Payable on or Before April 23, 2025 ADC India Communications Limited at its board meeting held on March 25, 2025 have declared an Interim Dividend of INR 25 per equity share of INR 10 each (that is 250%) for the Financial Year 2024-2025. The Record date for the purpose of determining the Shareholders eligible to receive the aforesaid Interim Dividend is April 02, 2025. The above said Interim Dividend, subject to tax deduction at source (TDS) as per the provisions of Income Tax Act, 1961, shall be paid on or before April 23, 2025. New Risk • Mar 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹4.50b market cap, or US$52.2m). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,174, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 34x in the Communications industry in India. Total returns to shareholders of 312% over the past three years. Buy Or Sell Opportunity • Mar 21
Now 30% overvalued Over the last 90 days, the stock has fallen 34% to ₹1,174. The fair value is estimated to be ₹905, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 51%. Buy Or Sell Opportunity • Feb 08
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to ₹1,158. The fair value is estimated to be ₹1,586, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 51%. Announcement • Feb 01
ADC India Communications Limited Announces Directorate Resignations ADC India Communications Limited announced that Mr. Ravi Bosco Rebello and Ms. Yaman Roy have tendered their resignation from the Board of Directors of the Company with effect from close of business hours of January 31, 2025. Resignation of Mr. Ravi Bosco Rebello on account of ceasing to be an employee of CommScope India Private Limited with effect from close of business hours of January 31, 2025 and consequently, ceasing to be the nominee director of CommScope Connectivity LLC on the Board of ADC India Communications Limited. Resignation of Ms. Yaman Roy on account of ceasing to be an employee of CommScope India Private Limited with effect from close of business hours of January 31, 2025 and consequently, ceasing to be the nominee director of CommScope Connectivity LLC on the Board of ADC India Communications Limited. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹1,243, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 36x in the Communications industry in India. Total returns to shareholders of 271% over the past three years. Announcement • Dec 31
ADC India Communications Limited to Report Nine Months, 2025 Results on Feb 07, 2025 ADC India Communications Limited announced that they will report nine months, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,775, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 43x in the Communications industry in India. Total returns to shareholders of 467% over the past three years. Announcement • Oct 07
ADC India Communications Limited to Report Q2, 2025 Results on Nov 12, 2024 ADC India Communications Limited announced that they will report Q2, 2025 results at 12:15 PM, Indian Standard Time on Nov 12, 2024 Buy Or Sell Opportunity • Aug 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 71% to ₹2,008. The fair value is estimated to be ₹1,659, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Upcoming Dividend • Jul 26
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 02 August 2024. Payment date: 08 September 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.3%). Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: ₹44.97 (vs ₹17.77 in FY 2023) Full year 2024 results: EPS: ₹44.97 (up from ₹17.77 in FY 2023). Revenue: ₹1.79b (up 25% from FY 2023). Net income: ₹206.9m (up 153% from FY 2023). Profit margin: 12% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 01
Now 46% overvalued after recent price rise Over the last 90 days, the stock has risen 124% to ₹2,098. The fair value is estimated to be ₹1,436, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Buy Or Sell Opportunity • Jun 24
Now 39% overvalued after recent price rise Over the last 90 days, the stock has risen 122% to ₹1,993. The fair value is estimated to be ₹1,439, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,690, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 43x in the Communications industry in India. Total returns to shareholders of 572% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹44.97 (vs ₹17.77 in FY 2023) Full year 2024 results: EPS: ₹44.97 (up from ₹17.77 in FY 2023). Revenue: ₹1.81b (up 26% from FY 2023). Net income: ₹206.9m (up 153% from FY 2023). Profit margin: 11% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
ADC India Communications Limited, Annual General Meeting, Aug 09, 2024 ADC India Communications Limited, Annual General Meeting, Aug 09, 2024. New Risk • May 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Market cap is less than US$100m (₹6.46b market cap, or US$77.4m). Declared Dividend • May 31
Dividend of ₹30.00 announced Shareholders will receive a dividend of ₹30.00. Ex-date: 2nd August 2024 Payment date: 8th September 2024 Dividend yield will be 2.1%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,179, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 46x in the Communications industry in India. Total returns to shareholders of 502% over the past three years. New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹5.45b market cap, or US$65.1m). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹13.87 (vs ₹8.30 in 3Q 2023) Third quarter 2024 results: EPS: ₹13.87 (up from ₹8.30 in 3Q 2023). Revenue: ₹434.9m (up 14% from 3Q 2023). Net income: ₹63.8m (up 67% from 3Q 2023). Profit margin: 15% (up from 10.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹16.70 (vs ₹6.22 in 2Q 2023) Second quarter 2024 results: EPS: ₹16.70 (up from ₹6.22 in 2Q 2023). Revenue: ₹481.0m (up 32% from 2Q 2023). Net income: ₹74.5m (up 161% from 2Q 2023). Profit margin: 16% (up from 7.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹899, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 24x in the Communications industry in India. Total returns to shareholders of 429% over the past three years. Announcement • Sep 30
ADC India Communications Limited to Report Q2, 2024 Results on Nov 07, 2023 ADC India Communications Limited announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 7.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (₹3.54b market cap, or US$42.8m). Reported Earnings • Aug 09
First quarter 2024 earnings released: ₹0.19 loss per share (vs ₹5.08 profit in 1Q 2023) First quarter 2024 results: ₹0.19 loss per share (down from ₹5.08 profit in 1Q 2023). Revenue: ₹445.6m (up 35% from 1Q 2023). Net loss: ₹871.0k (down 104% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
ADC India Communications Limited Approves the Dividend for the Financial Year Ended March 31, 2023 ADC India Communications Limited approved the dividend of INR 4.00 per Equity Share for the financial year ended March 31, 2023, at the AGM held on July 31, 2023. Upcoming Dividend • Jul 17
Upcoming dividend of ₹4.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Vijayalatha Reddy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 13
ADC India Communications Limited to Report Q1, 2024 Results on Aug 08, 2023 ADC India Communications Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹916, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 29x in the Communications industry in India. Total returns to shareholders of 381% over the past three years. Reported Earnings • Jul 10
Full year 2023 earnings released: EPS: ₹17.77 (vs ₹18.44 in FY 2022) Full year 2023 results: EPS: ₹17.77 (down from ₹18.44 in FY 2022). Revenue: ₹1.43b (up 18% from FY 2022). Net income: ₹81.7m (down 3.6% from FY 2022). Profit margin: 5.7% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹17.77 (vs ₹18.44 in FY 2022) Full year 2023 results: EPS: ₹17.77 (down from ₹18.44 in FY 2022). Revenue: ₹1.44b (up 21% from FY 2022). Net income: ₹81.7m (down 3.6% from FY 2022). Profit margin: 5.7% (down from 7.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹689, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 28x in the Communications industry in India. Total returns to shareholders of 462% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹698, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 29x in the Communications industry in India. Total returns to shareholders of 553% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹550, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 32x in the Communications industry in India. Total returns to shareholders of 291% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹8.30 (vs ₹3.93 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.30 (up from ₹3.93 in 3Q 2022). Revenue: ₹382.6m (up 56% from 3Q 2022). Net income: ₹38.2m (up 111% from 3Q 2022). Profit margin: 10.0% (up from 7.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 44% per year. Announcement • Jan 05
ADC India Communications Limited to Report Q3, 2023 Results on Feb 03, 2023 ADC India Communications Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 03, 2023 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹523, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 28x in the Communications industry in India. Total returns to shareholders of 215% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹482, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 30x in the Communications industry in India. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹410, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 23x in the Communications industry in India. Total returns to shareholders of 163% over the past three years. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹5.08 (vs ₹4.30 in 1Q 2022) First quarter 2023 results: EPS: ₹5.08 (up from ₹4.30 in 1Q 2022). Revenue: ₹332.2m (up 23% from 1Q 2022). Net income: ₹23.4m (up 18% from 1Q 2022). Profit margin: 7.0% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Announcement • Jul 30
ADC India Communications Limited to Report Q1, 2023 Results on Aug 09, 2022 ADC India Communications Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Upcoming Dividend • Jul 14
Upcoming dividend of ₹14.00 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 28 August 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 06
Full year 2022 earnings released: EPS: ₹18.44 (vs ₹7.88 in FY 2021) Full year 2022 results: EPS: ₹18.44 (up from ₹7.88 in FY 2021). Revenue: ₹1.19b (up 99% from FY 2021). Net income: ₹84.8m (up 134% from FY 2021). Profit margin: 7.1% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 23% share price gain to ₹336, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 18x in the Communications industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹18.44 (vs ₹7.88 in FY 2021) Full year 2022 results: EPS: ₹18.44 (up from ₹7.88 in FY 2021). Revenue: ₹1.20b (up 100% from FY 2021). Net income: ₹84.8m (up 134% from FY 2021). Profit margin: 7.1% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Buying Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be ₹314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹255, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 19x in the Communications industry in India. Total returns to shareholders of 19% over the past three years. Announcement • Apr 18
ADC India Communications Limited to Report Q4, 2022 Results on May 27, 2022 ADC India Communications Limited announced that they will report Q4, 2022 results on May 27, 2022 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹284, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 20x in the Communications industry in India. Total returns to shareholders of 35% over the past three years. Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.93 (up from ₹2.74 in 3Q 2021). Revenue: ₹250.2m (up 27% from 3Q 2021). Net income: ₹18.1m (up 44% from 3Q 2021). Profit margin: 7.2% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. 
