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Punjab Communication Overview

Punjab Communications Ltd. commonly known as Puncom, is an esteemed manufacturer and supplier of telecommunication and IT equipment solutions in India. Founded on July 21, 1981, as a State government company, Puncom has been pivotal in enhancing the electronics and telecommunication industry in the region. Puncom’s product range includes Voice/Data Multiplexers, Power Plants, Optical/Transmission Equipment, and PLCC, catering to the growing telecommunications, networking, and broadband needs of major organizations and service providers i...Read More

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Punjab Communication Key Financials

Market Cap ₹64 Cr.

Stock P/E -168.3

P/B 2.1

Current Price ₹53

Book Value ₹ 25.7

Face Value 10

52W High ₹74

Dividend Yield 0%

52W Low ₹ 40.1

Punjab Communication Share Price

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Volume
Price

Punjab Communication Quarterly Price

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Punjab Communication Peer Comparison

Punjab Communication Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3 3 6 3 6 4 5 7 8 5
Other Income 2 2 2 2 2 2 3 3 3 2
Total Income 5 5 7 5 8 6 7 9 11 7
Total Expenditure 5 6 8 6 8 6 6 9 8 8
Operating Profit -0 -1 -0 -1 -1 -0 1 0 3 -1
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 15 0 0 1 0 0 0 0
Profit Before Tax -0 -1 15 -1 -1 1 1 0 3 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -1 15 -1 -1 1 1 0 3 -1
Adjustments 0 0 -0 0 0 0 -0 0 0 0
Profit After Adjustments -0 -1 15 -1 -1 1 1 0 3 -1
Adjusted Earnings Per Share -0.3 -1.1 12.5 -1.1 -0.8 0.5 1.2 0.3 2.7 -0.8

Punjab Communication 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 21 20 28 38 45 28 21 11 11 15 17 25
Other Income 10 9 9 9 9 9 8 8 8 7 9 11
Total Income 31 29 37 47 54 37 29 19 19 22 26 34
Total Expenditure 39 39 43 51 56 48 41 32 27 24 26 31
Operating Profit -8 -10 -6 -4 -2 -11 -12 -13 -8 -2 -1 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 1 1 1 0 0 0 0 0 0 0
Exceptional Income / Expenses -2 -0 0 0 0 0 0 0 -7 13 1 0
Profit Before Tax -10 -10 -6 -5 -3 -11 -12 -13 -16 10 -0 3
Provision for Tax 0 0 0 0 0 0 0 -1 0 0 0 0
Profit After Tax -10 -10 -6 -5 -3 -11 -12 -12 -16 10 -0 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -10 -10 -6 -5 -3 -11 -12 -12 -16 10 -0 3
Adjusted Earnings Per Share -8.5 -8.7 -5.2 -4 -2.2 -9.5 -9.9 -10.4 -13 8.4 -0.3 3.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 16% -9% -2%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR -100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -2% 23% 19% 1%
ROE Average -1% -6% -14% -12%
ROCE Average -1% -5% -14% -11%

Punjab Communication 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 94 84 77 74 71 58 47 34 19 29 29
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 2 2 3 3 4 6 6 7 4 0 1
Total Current Liabilities 27 37 42 42 59 56 56 52 52 53 51
Total Liabilities 123 122 122 119 134 121 110 97 79 82 81
Fixed Assets 4 6 6 5 5 5 4 3 3 3 3
Other Non-Current Assets 16 31 25 23 13 12 11 15 15 3 1
Total Current Assets 103 85 91 92 116 104 95 79 61 75 77
Total Assets 123 122 122 119 134 121 110 97 79 82 81

Punjab Communication 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 1 2 2 1 4 1 5 6 3 3 23
Cash Flow from Operating Activities -17 -1 -12 -14 -5 -10 -5 -15 -23 -1 -9
Cash Flow from Investing Activities 19 1 10 16 4 14 6 9 23 25 -10
Cash Flow from Financing Activities -1 -0 0 1 -2 0 -0 4 -0 -4 0
Net Cash Inflow / Outflow 1 0 -1 3 -3 4 1 -3 0 20 -19
Closing Cash & Cash Equivalent 2 2 1 4 1 5 6 3 3 23 4

Punjab Communication 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) -8.53 -8.71 -5.23 -4.02 -2.25 -9.51 -9.9 -10.39 -12.99 8.44 -0.31
CEPS(Rs) -8.21 -8.53 -4.79 -3.51 -1.79 -9.14 -9.61 -10.15 -12.8 8.61 -0.15
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 78.25 69.54 64.35 61.17 58.72 48.44 39.17 28.6 15.48 23.96 23.73
Core EBITDA Margin(%) -80.31 -87.46 -48.43 -33.12 -25.26 -72.23 -97.18 -193.41 -155.76 -60.5 -53.45
EBIT Margin(%) -44.91 -47.57 -20.43 -12.1 -5.29 -41.17 -57.65 -122.6 -147.18 70.8 -0.87
Pre Tax Margin(%) -45.57 -47.99 -20.63 -12.38 -6.05 -41.42 -57.85 -122.87 -147.56 67.47 -2.2
PAT Margin (%) -45.57 -47.99 -20.63 -12.38 -6.05 -41.42 -57.85 -116.07 -147.56 67.47 -2.2
Cash Profit Margin (%) -43.85 -46.97 -18.9 -10.82 -4.83 -39.82 -56.14 -113.38 -145.37 68.79 -1.02
ROA(%) -7.94 -8.54 -5.14 -4 -2.13 -8.97 -10.31 -12.06 -17.73 12.62 -0.46
ROE(%) -10.34 -11.79 -7.81 -6.4 -3.75 -17.74 -22.6 -30.65 -58.96 42.82 -1.32
ROCE(%) -10.14 -11.68 -7.71 -6.16 -3.23 -17.58 -22.43 -32.36 -58.76 44.88 -0.52
Receivable days 277.32 261.18 178.7 160.65 190.88 344.18 377.21 486.33 355.88 252.78 214.85
Inventory Days 127.95 147.71 128.02 113.63 100.51 141.96 112.52 141.6 108.51 61.49 64.46
Payable days 615.21 561.58 473.52 328.68 276.84 426.47 543.95 1707.07 1110.63 882.48 633.23
PER(x) 0 0 0 0 0 0 0 0 0 6.2 0
Price/Book(x) 0.65 0.59 0.67 0.58 0.3 0.22 0.51 1.26 1.84 2.18 1.98
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.37 -0.08 -0.07 -0.25 -1.01 -1.87 -2.09 -1.51 -0.91 0.54 0.05
EV/Core EBITDA(x) 0.97 0.16 0.36 2.28 24.92 4.71 3.74 1.26 1.14 -4 -1.34
Net Sales Growth(%) 7.32 -4.05 38.69 35.61 17.79 -38.2 -25.45 -47.71 -1.58 42.09 14.41
EBIT Growth(%) -63.6 -2.66 40.02 24.13 50.03 -381.34 -4.39 -11.2 -18.15 168.35 -101.41
PAT Growth(%) -49.88 -2.09 39.99 23.15 44.08 -323.05 -4.13 -4.91 -25.12 164.98 -103.73
EPS Growth(%) -49.88 -2.09 39.99 23.15 44.08 -323.04 -4.13 -4.92 -25.12 164.98 -103.73
Debt/Equity(x) 0 0 0.01 0.03 0 0.01 0 0 0 0 0
Current Ratio(x) 3.8 2.32 2.16 2.16 1.96 1.84 1.68 1.51 1.17 1.43 1.5
Quick Ratio(x) 3.47 2.08 1.86 1.89 1.75 1.69 1.61 1.43 1.13 1.37 1.44
Interest Cover(x) -68.3 -111.99 -105.02 -44.24 -6.92 -169.86 -292.9 -461.22 -391.58 21.31 -0.65
Total Debt/Mcap(x) 0 0 0.01 0.04 0 0.03 0 0 0 0 0

Punjab Communication Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28
FII 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78
DII 0.25 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 23.69 23.91 23.91 23.91 23.91 23.91 23.91 23.91 23.91 23.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Punjab Communication News

Punjab Communication Pros & Cons

Pros

  • Debtor days have improved from 882.48 to 633.23days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -6% over the last 3 years.
  • Earnings include an other income of Rs. 9 Cr.
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