Sharescart Research Club logo

Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹1146 Cr.
Stock P/E
46.9
P/B
13.2
Current Price
₹2491.1
Book Value
₹ 188.5
Face Value
10
52W High
₹2678.4
52W Low
₹ 963.3
Dividend Yield
1%

ADC India Communicat Overview

Business

ADC India Communications Ltd. is a leading provider of network infrastructure solutions in India. The company offers a comprehensive range of products and systems for both fiber optic and copper connectivity, including structured cabling, fiber optic cables, connectors, panels, closures, and data center infrastructure solutions like racks and cabinets. It primarily serves telecommunication service providers, data centers, large enterprises, and smart city projects, enabling them to build, upgrade, and manage their communication networks. Its core business model involves the manufacturing, importing, distribution, and sale of these specialized physical layer connectivity products, generating revenue through direct sales to its diverse client base across India.

Revenue Mix

The company's primary offerings can be broadly categorized as:

Fiber Optic Connectivity Solutions: Encompassing fiber optic cables, connectors, patch panels, splice closures, and high-density fiber management systems essential for high-speed data transmission.

Copper Connectivity Solutions: Including structured cabling systems for voice and data, such as copper cables, patch panels, keystone jacks, and outlets.

Data Center Infrastructure: Specialized products like server racks, network cabinets, cable management solutions, and power distribution units tailored for data center environments.

Other Network Infrastructure Components: This includes various accessories, enclosures, and related equipment supporting overall network deployment.

Specific revenue contribution percentages for each segment are typically not publicly disclosed, but the company's revenue is predominantly derived from the sale of these physical layer products and associated services.

Industry

The Indian telecommunication equipment industry is characterized by robust growth, driven by massive investments in network expansion, 5G rollouts, and increased data consumption. It is a highly competitive market, featuring both large global players (e.g., CommScope, Corning, Nokia, Ericsson) and various domestic manufacturers. ADC India Communications, as a subsidiary of the global network infrastructure giant CommScope, Inc., benefits from its parent company's global technological expertise and R&D capabilities. Leveraging its historical brand recognition (Krone/ADC) and long-standing relationships, the company is positioned as a reliable and quality-focused provider of structured cabling and fiber optic connectivity solutions, especially for major telecom operators, data centers, and large enterprises in India.

MOAT

Technology & Innovation: As part of CommScope, ADC India benefits from access to advanced global research and development, proprietary technologies, and a portfolio of innovative, high-performance network infrastructure products.

Brand Reputation & Trust: The "Krone" brand (under which it historically operated) has a strong, long-standing reputation for quality, reliability, and performance in the Indian market, fostering trust among enterprise and telecom customers.

Established Customer Relationships: The company has built deep, long-term relationships with major telecom service providers, data center operators, and large enterprises in India, leading to a degree of customer stickiness due to product integration and solution continuity.

Global Supply Chain & Scale: Leveraging CommScope's global manufacturing capabilities and supply chain network can provide advantages in terms of product availability, quality consistency, and potential cost efficiencies.

However, the industry faces continuous technological evolution and intense competition, which can challenge the sustainability of these advantages.

Growth Drivers

5G Network Rollout: The ongoing and future phases of 5G network deployment across India will necessitate significant upgrades and expansion of fiber optic backhaul and advanced physical layer infrastructure.

Fiber to the Home (FTTH) & Broadband Penetration: Government initiatives and aggressive expansion plans by telecom operators to connect more homes and businesses with high-speed fiber optic broadband will drive demand for fiber connectivity products.

Data Center Expansion: The exponential growth in data consumption, cloud services, and digitalization is fueling the rapid proliferation of hyperscale, co-location, and edge data centers, all requiring vast amounts of high-density connectivity solutions.

Smart Cities & IoT: The development of smart city projects and the increasing adoption of Internet of Things (IoT) devices will require robust, interconnected, and scalable network infrastructure.

Enterprise Digital Transformation: Enterprises upgrading their internal networks to support higher bandwidth applications, cloud adoption, and digital workplace initiatives will continue to drive demand for structured cabling and networking solutions.

Risks

Reliance on Telecom Operator CAPEX: The company's financial performance is significantly influenced by the capital expenditure cycles and investment decisions of major telecom service providers, which can be volatile.

Intense Competition & Pricing Pressure: The market is highly competitive with numerous domestic and international players, leading to potential pricing pressures and challenges in maintaining profit margins.

Technological Obsolescence: Rapid advancements in networking and communication technologies necessitate continuous R&D and product innovation to avoid obsolescence, requiring significant investment.

Supply Chain Disruptions: Dependency on global supply chains for raw materials and components can expose the company to risks from geopolitical events, trade policies, or logistical disruptions.

Economic Downturns: A general slowdown in the economy can lead to reduced IT and telecom infrastructure spending by enterprises and service providers, impacting sales.

Currency Fluctuations: As some products or components may be imported, adverse movements in foreign exchange rates can impact cost of goods and profitability.

Management & Ownership

ADC India Communications Ltd. is a subsidiary of CommScope, Inc., a publicly traded global leader in network connectivity solutions headquartered in the United States. CommScope acts as the promoter and ultimate parent company, exercising strategic control, providing technological guidance, and overseeing operations. The management team at ADC India Communications consists of experienced professionals responsible for driving business operations and market strategy within the Indian context, aligned with CommScope's global vision. The ownership structure reflects its subsidiary status, with CommScope holding a majority stake.

Outlook

ADC India Communications is strategically positioned to benefit from India's ambitious digital infrastructure growth, fueled by strong tailwinds from 5G expansion, increasing FTTH penetration, and the booming data center market. Its access to CommScope's global technology and the established "Krone" brand legacy provide a competitive edge in delivering high-quality, reliable networking solutions. However, the company operates in a highly competitive landscape marked by significant pricing pressures and a dependency on the often-cyclical capital expenditure plans of major telecom operators. Sustaining growth and profitability will require continuous investment in product innovation, efficient supply chain management, and maintaining robust customer relationships amidst rapidly evolving technological demands and market dynamics.

ADC India Communicat Share Price

Live · BSE / NSE · Inception: 1988
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

ADC India Communicat Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 42 44 49 51 42 46 45 46 48 61
Other Income 0 1 1 1 1 1 1 1 2 1
Total Income 43 45 50 52 43 47 46 47 50 62
Total Expenditure 34 35 40 40 35 43 39 41 42 57
Operating Profit 9 9 9 12 8 4 7 5 8 5
Interest 0 0 0 0 -0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 9 9 9 12 8 4 7 5 8 5
Provision for Tax 2 2 2 3 2 1 2 1 2 1
Profit After Tax 6 7 7 9 6 3 5 4 6 4
Adjustments -0 -0 0 0 0 -0 0 -0 0 0
Profit After Adjustments 6 7 7 9 6 3 5 4 6 4
Adjusted Earnings Per Share 13.9 15.1 15.1 19 12.7 6.4 10.8 9.4 13.3 7.6

ADC India Communicat Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 58 58 60 65 86 78 60 121 143 179 187 200
Other Income 5 3 3 3 3 1 1 1 1 10 4 5
Total Income 62 61 62 68 89 80 61 122 144 188 191 205
Total Expenditure 55 55 56 62 80 73 55 110 133 160 158 179
Operating Profit 8 6 7 6 9 6 6 12 11 28 33 25
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 0 0 0 0 1 1 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 6 6 6 9 5 5 11 11 28 33 25
Provision for Tax 2 1 2 2 3 1 2 3 3 7 8 6
Profit After Tax 5 5 4 4 6 4 4 8 8 21 24 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 5 4 4 6 4 4 8 8 21 24 19
Adjusted Earnings Per Share 10.8 11.3 8.4 7.7 12.7 8.3 7.9 18.4 17.8 45 53.2 41.1

ADC India Communicat Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 37 40 44 46 39 40 43 50 52 71 70
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 1 36 19 21 13 13 15 7 14 22
Total Current Liabilities 26 19 15 15 20 14 23 27 30 32 44
Total Liabilities 64 60 95 80 79 67 79 93 89 117 136
Fixed Assets 4 4 1 1 1 1 3 3 3 3 3
Other Non-Current Assets 3 4 43 26 28 20 17 18 12 18 26
Total Current Assets 57 52 52 54 50 46 59 71 74 97 107
Total Assets 64 60 95 80 79 67 79 93 89 117 136

ADC India Communicat Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 30 36 26 30 30 23 24 28 36 26 45
Cash Flow from Operating Activities 7 3 3 0 5 3 5 8 -4 19 26
Cash Flow from Investing Activities 2 2 2 2 1 1 1 1 1 1 2
Cash Flow from Financing Activities -4 -14 -1 -2 -13 -3 -1 -1 -6 -2 -25
Net Cash Inflow / Outflow 5 -9 3 0 -7 1 4 7 -10 19 3
Closing Cash & Cash Equivalent 36 26 30 30 23 24 28 36 26 45 48

ADC India Communicat Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.82 11.34 8.44 7.69 12.75 8.26 7.88 18.44 17.77 44.97 53.17
CEPS(Rs) 12.02 12.08 9.01 8.32 13.45 10.37 8.99 19.11 18.23 45.43 53.64
DPS(Rs) 30 2.5 3 4 24 2 2.5 14 4 30 30
Book NAV/Share(Rs) 79.58 87.91 96.32 100.26 84.14 87.34 93.2 109.21 112.99 154.03 152.12
Core EBITDA Margin(%) 5.47 5.66 5.89 4.77 6.94 6.21 8.08 8.76 6.92 9.9 15.21
EBIT Margin(%) 12.11 9.72 10.26 8.96 10.14 6.75 8.8 9.43 7.52 15.05 17.08
Pre Tax Margin(%) 11.92 9.69 10.26 8.96 10.14 6.67 8.75 9.42 7.46 15.04 17.07
PAT Margin (%) 8.29 8.65 6.29 5.4 6.85 4.86 6.05 7.03 5.52 11.21 12.74
Cash Profit Margin (%) 9.21 9.22 6.71 5.85 7.23 6.11 6.91 7.28 5.66 11.33 12.85
ROA(%) 7.9 8.44 5 4.04 7.39 5.2 4.95 9.88 9.02 20.12 19.35
ROE(%) 11.72 13.54 9.16 7.82 13.82 9.63 8.73 18.22 16 33.68 34.73
ROCE(%) 17.12 15.23 14.95 12.97 20.46 13.37 12.69 24.45 21.79 45.22 46.57
Receivable days 69.8 69.86 66.88 67.06 58.03 65.57 94.57 57.45 49.25 47.38 56.06
Inventory Days 43.76 31.94 35.08 42.99 36.35 38.07 58.68 35.36 42.76 43.94 36.48
Payable days 87.99 84.07 87.85 83.56 70.95 82.34 136.67 84.11 76.46 73.43 74.95
PER(x) 28.97 21.76 30.87 25.98 17.81 14.16 26.3 16.48 32.75 19.67 26.08
Price/Book(x) 3.94 2.81 2.71 1.99 2.7 1.34 2.22 2.78 5.15 5.74 9.12
Dividend Yield(%) 9.57 1.01 1.15 2 10.57 1.71 1.21 4.61 0.69 3.39 2.16
EV/Net Sales(x) 1.88 1.5 1.52 0.96 0.95 0.39 1.12 0.86 1.69 2.02 3.09
EV/Core EBITDA(x) 13.89 14.03 13.69 10.08 9.08 4.83 11.63 8.92 21.33 12.93 17.53
Net Sales Growth(%) 19.18 0.66 2.29 8.79 32.22 -8.75 -23.38 101.66 18.39 25.07 4.68
EBIT Growth(%) 95.2 -19.29 8.01 -7.41 47.95 -39.25 -0.07 116.07 -2.16 149.4 18.06
PAT Growth(%) 50.16 4.82 -25.58 -8.9 65.77 -35.23 -4.57 134.08 -3.63 153.03 18.24
EPS Growth(%) 50.16 4.82 -25.58 -8.9 65.77 -35.23 -4.57 134.08 -3.63 153.03 18.24
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.16 2.74 3.44 3.59 2.53 3.22 2.53 2.59 2.46 2.98 2.45
Quick Ratio(x) 1.96 2.47 3 3.01 2.11 2.66 2.05 2.15 1.7 2.3 2.07
Interest Cover(x) 66.49 273.73 0 0 0 91.84 169.39 795.97 127.71 1024.86 1801.55
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +4% +16% +19% +12%
Operating Profit CAGR +18% +40% +41% +15%
PAT CAGR +14% +44% +43% +17%
Share Price CAGR +141% +49% +54% +27%
ROE Average +35% +28% +22% +16%
ROCE Average +47% +38% +30% +22%

ADC India Communicat Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 72.02 %
FII 0.11 %
DII (MF + Insurance) 0.04 %
Public (retail) 27.98 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.0272.0272.0272.0272.0272.0272.0272.0272.0272.02
FII 0000000.350.110.110.11
DII 0000000000.04
Public 27.9827.9827.9827.9827.9827.9827.9827.9827.9827.98
Others 0000000000
Total 100100100100100100100100100100

ADC India Communicat Peer Comparison

Telecommunication - Equipment Edit Columns

ADC India Communicat Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

ADC India Communicat Pros & Cons

Pros

  • Company has delivered good profit growth of 43% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 73.43 to 74.95days.
  • Stock is trading at 13.2 times its book value.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp