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ADC India Communications Ltd

ADCINDIA·BSE
2,405.45+3.15%Tue, 22 Sept '26

ADC India Communications Ltd

ADCINDIA
BSE
2,405.45
+3.15%
|Tue, 22 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
1,107Cr
Close
Close Price
2,405.45
Industry
Industry
Telecom Services
PE
Price To Earnings
49.11
PS
Price To Sales
5.07
Revenue
Revenue
218Cr
Rev Gr TTM
Revenue Growth TTM
18.96%
PAT Gr TTM
PAT Growth TTM
0.27%

Quarterly Results

Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
484244495142464546486163
Growth YoY
Revenue Growth YoY%
31.09.627.89.95.6-0.43.7-7.2-9.914.433.940.6
Expenses
ExpensesCr
393435404035433941425753
Operating Profit
Operating ProfitCr
98981173656411
OPM
OPM%
19.519.219.817.520.916.86.613.19.811.97.317.1
Other Income
Other IncomeCr
111111111211
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
109991284758512
Tax
TaxCr
322232121213
PAT
PATCr
767796354649
Growth YoY
PAT Growth YoY%
160.567.0926.27,833.317.1-8.6-57.5-28.6-50.65.219.072.6
NPM
NPM%
15.515.215.714.317.213.96.511.09.412.85.713.5
EPS
EPS
16.213.915.115.119.012.76.410.89.413.37.618.6
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
484244495142464546486163
Growth YoY
Revenue Growth YoY%
31.09.627.89.95.6-0.43.7-7.2-9.914.433.940.6
Expenses
ExpensesCr
393435404035433941425753
Operating Profit
Operating ProfitCr
98981173656411
OPM
OPM%
19.519.219.817.520.916.86.613.19.811.97.317.1
Other Income
Other IncomeCr
111111111211
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
109991284758512
Tax
TaxCr
322232121213
PAT
PATCr
767796354649
Growth YoY
PAT Growth YoY%
160.567.0926.27,833.317.1-8.6-57.5-28.6-50.65.219.072.6
NPM
NPM%
15.515.215.714.317.213.96.511.09.412.85.713.5
EPS
EPS
16.213.915.115.119.012.76.410.89.413.37.618.6

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
586065867860121143179187200218
Growth
Revenue Growth%
0.72.38.832.2-8.8-23.4101.718.425.14.76.919.0
Expenses
ExpensesCr
555662807355110133153158179193
Operating Profit
Operating ProfitCr
343655111026292126
OPM
OPM%
5.96.14.86.96.28.18.87.214.615.610.311.7
Other Income
Other IncomeCr
333311112444
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000011000000
PBT
PBTCr
666955111128332529
Tax
TaxCr
122312337867
PAT
PATCr
5446448821241923
Growth
PAT Growth%
4.8-25.6-8.965.8-35.2-4.6134.1-3.6153.018.2-22.60.3
NPM
NPM%
9.06.55.56.84.96.07.05.711.613.19.510.3
EPS
EPS
11.38.47.712.88.37.918.417.845.053.241.149.0
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
586065867860121143179187200218
Growth
Revenue Growth%
0.72.38.832.2-8.8-23.4101.718.425.14.76.919.0
Expenses
ExpensesCr
555662807355110133153158179193
Operating Profit
Operating ProfitCr
343655111026292126
OPM
OPM%
5.96.14.86.96.28.18.87.214.615.610.311.7
Other Income
Other IncomeCr
333311112444
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000011000000
PBT
PBTCr
666955111128332529
Tax
TaxCr
122312337867
PAT
PATCr
5446448821241923
Growth
PAT Growth%
4.8-25.6-8.965.8-35.2-4.6134.1-3.6153.018.2-22.60.3
NPM
NPM%
9.06.55.56.84.96.07.05.711.613.19.510.3
EPS
EPS
11.38.47.712.88.37.918.417.845.053.241.149.0

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
55555555555
Reserves
ReservesCr
3640423436384647666582
Current Liabilities
Current LiabilitiesCr
1213131714222526324447
Non Current Liabilities
Non Current LiabilitiesCr
22211011011
Total Liabilities
Total LiabilitiesCr
5459615755657678104114135
Current Assets
Current AssetsCr
455051484658696997107125
Non Current Assets
Non Current AssetsCr
910999779779
Total Assets
Total AssetsCr
5459615755657678104114135
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
55555555555
Reserves
ReservesCr
3640423436384647666582
Current Liabilities
Current LiabilitiesCr
1213131714222526324447
Non Current Liabilities
Non Current LiabilitiesCr
22211011011
Total Liabilities
Total LiabilitiesCr
5459615755657678104114135
Current Assets
Current AssetsCr
455051484658696997107125
Non Current Assets
Non Current AssetsCr
910999779779
Total Assets
Total AssetsCr
5459615755657678104114135

Cash Flow

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
3305358-4192613
Investing Cash Flow
Investing Cash FlowCr
22211111122
Financing Cash Flow
Financing Cash FlowCr
-14-1-2-13-3-1-1-6-2-25-2
Net Cash Flow
Net Cash FlowCr
-930-7147-1019313
Free Cash Flow
Free Cash FlowCr
3304358-4192613
CFO To PAT
CFO To PAT%
60.678.011.383.575.7137.894.5-51.994.0106.070.8
CFO To EBITDA
CFO To EBITDA%
92.683.312.882.359.2103.275.8-41.474.688.865.0
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
3305358-4192613
Investing Cash Flow
Investing Cash FlowCr
22211111122
Financing Cash Flow
Financing Cash FlowCr
-14-1-2-13-3-1-1-6-2-25-2
Net Cash Flow
Net Cash FlowCr
-930-7147-1019313
Free Cash Flow
Free Cash FlowCr
3304358-4192613
CFO To PAT
CFO To PAT%
60.678.011.383.575.7137.894.5-51.994.0106.070.8
CFO To EBITDA
CFO To EBITDA%
92.683.312.882.359.2103.275.8-41.474.688.865.0

Ratios

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1141209210454951402684076385541,107
Price To Earnings
Price To Earnings
22.832.926.017.814.226.316.532.819.726.129.349.1
Price To Sales
Price To Sales
1.92.01.41.20.71.61.21.92.33.42.85.1
Price To Book
Price To Book
2.82.72.02.71.32.22.85.25.79.16.412.8
EV To EBITDA
EV To EBITDA
25.524.819.913.76.213.99.923.613.919.823.939.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.721.317.517.216.720.817.319.824.522.217.117.1
OPM
OPM%
5.96.14.86.96.28.18.87.214.615.610.311.7
NPM
NPM%
9.06.55.56.84.96.07.05.711.613.19.510.3
ROCE
ROCE%
14.514.312.722.413.112.322.721.439.246.928.428.4
ROE
ROE%
12.98.87.715.29.48.416.915.729.235.021.821.8
ROA
ROA%
9.66.55.810.36.95.511.210.419.921.414.114.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1141209210454951402684076385541,107
Price To Earnings
Price To Earnings
22.832.926.017.814.226.316.532.819.726.129.349.1
Price To Sales
Price To Sales
1.92.01.41.20.71.61.21.92.33.42.85.1
Price To Book
Price To Book
2.82.72.02.71.32.22.85.25.79.16.412.8
EV To EBITDA
EV To EBITDA
25.524.819.913.76.213.99.923.613.919.823.939.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.721.317.517.216.720.817.319.824.522.217.117.1
OPM
OPM%
5.96.14.86.96.28.18.87.214.615.610.311.7
NPM
NPM%
9.06.55.56.84.96.07.05.711.613.19.510.3
ROCE
ROCE%
14.514.312.722.413.112.322.721.439.246.928.428.4
ROE
ROE%
12.98.87.715.29.48.416.915.729.235.021.821.8
ROA
ROA%
9.66.55.810.36.95.511.210.419.921.414.114.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
ADC India Communications is a connectivity-components manufacturer that builds the physical plumbing of digital networks - the copper and fiber links inside buildings, data centers, and telecom exchanges. It began as Krone Communications in 1988 in Bangalore and, after a 2010 rebranding, spent years as part of the CommScope group before a landmark acquisition in January 2026 made it an indirect subsidiary of Amphenol Corporation, a Fortune 500 connector giant. The recurring approach is one of conservative, self-funded industrial focus: a debt-free balance sheet, a single owned factory, and a tight two-distributor channel that together let a 22-employee company serve a national market. # Business segments Two segments serve the same underlying need - physical connectivity - but for different customers: one builds the broadband backbone for telecom carriers, the other wires up the enterprise networks of offices, hospitals, and data centers. ## 1. IT-Networking: the enterprise connectivity engine **This is the dominant business, selling copper and fiber cabling systems that connect computers, servers, and buildings inside corporate and institutional campuses - and it is growing on the back of India’s data-center boom.** - **Wires up the office LAN** - it provides the structured cabling (Category 5E, 6, and 6A copper cables, patch cords, and panels) that links desktop computers to network rooms, forming the local area network (LAN) inside a building. - **Connects building to building and rack to rack** - for longer distances and higher speeds, it supplies fiber optic cable assemblies and high-density fiber panels, including new Rugged Fiber armored cables and Ultra High-Density panels introduced to meet data-center demands. - **Sells through two national distributors** - roughly 72% of revenue comes from two distributors who, in turn, reach hundreds of end customers through system integrator partners across the country, giving a 22-employee company national reach without a direct sales army. - **Rides the data-center wave** - demand is pulled by colocation providers building multi-tenant data centers, cloud computing infrastructure, and smart-city projects, which require ever-denser fiber connectivity. ## 2. Telecommunication: the carrier broadband link **This segment supplies connectivity modules to telecom operators like Jio and Airtel for their broadband networks, though it has recently shrunk as exports declined.** - **Feeds the broadband backbone** - it sells copper and fiber physical connectivity products to communication service providers and their network operations centers, enabling the last-mile and backhaul links for fixed and mobile broadband. - **Shifted from outsourcing to direct trade** - around 2020, the company moved from an outsourced model to a Buy & Sell model for certain telecom products, and later transferred copper lines for voice modules from the Czech Republic to its Bangalore factory, adding value to the export business. - **Exports are the swing factor** - the segment’s 17% degrowth in FY25 was driven by lower exports, making it the more volatile side of the business compared to the steady domestic enterprise engine. # Group structure and partners **The company is a standalone operating entity with no subsidiaries, and since January 2026 it has been indirectly controlled by Amphenol Corporation - a US-listed connector behemoth - which acquired it as part of a USD 10.5 billion deal for CommScope’s connectivity business.** - **A single-entity operation** - ADC India has no subsidiaries, associates, or joint ventures; it is one company with one factory in Bangalore’s Peenya Industrial Area. - **Acquired by Amphenol** - on 9 January 2026, Amphenol Corporation completed its purchase of CommScope Technologies LLC, through which it indirectly gained control of 72.02% of ADC India’s voting rights, triggering a mandatory open offer to public shareholders. - **The open offer saw negligible uptake** - only 14 shares were tendered by public shareholders, leaving Amphenol’s indirect control at 72.02% and public shareholding at just under 28%. - **Board reshaped post-acquisition** - two Amphenol-affiliated directors joined the board in February 2026, replacing two CommScope-era directors, while the long-serving Managing Director, J.N. Mylaraiah, continues on a term running to 2029. - **Related-party sourcing from the parent group** - the company procures proprietary CommScope (now Amphenol) items that have no equivalent alternative, while for non-proprietary items like copper cables, it benchmarks the group price against third-party suppliers to ensure it pays no more than market rates.

Documents — ADC India Communications Ltd

  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/fc4ojh3q6ayq7s0vnfevnfv6.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/m70qemusodclzfbeqsz50tp1.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/qw5yutc5eaf4cmo2kms8dahg.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/yg4r3qk4v4xqqoki0p177o0q.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/p77pmu9xjeydhnn9rs34xeo5.pdf
  • Q1 FY2025 Quarterly Result (Jun 2024, PDF): https://www.stockscans.in/document/u1j7qv8kj2dobaswf612o3ik.pdf
  • Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/gqc89teni3ive8tz151yvv8d.pdf
  • Q3 FY2024 Quarterly Result (Dec 2023, PDF): https://www.stockscans.in/document/d6f7sc8r4zgh0c8gwqjl4dt8.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/ew4lxhphiz02f003od1wef4a.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/1cw06ko4vvljt7pb4x57pboz.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/ruxgbh99ehbqvthv7gbeukw7.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/yxh6v2ak3gtz260benen0b20.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/ebkbe3jy3id67y6x2wab7vfq.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/vz7vtu0dcaesw8ayyha5l39s.pdf