Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹84Cr
Rev Gr TTM
Revenue Growth TTM
57.41%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TELOGICA
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -55.6 | -58.1 | 227.0 | 1,378.3 | 314.6 | 344.8 | 23.9 | -54.1 | 66.2 | 5.7 | 10.7 | 138.8 |
| 2 | 1 | 3 | 5 | 7 | 3 | 4 | 4 | 7 | 3 | 5 | 9 |
Operating Profit Operating ProfitCr |
| -122.7 | -46.3 | 14.1 | 39.8 | -42.8 | 10.1 | 5.4 | 5.7 | 8.8 | 9.2 | 5.4 | 4.0 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -1 | 0 | 0 | 3 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -63.2 | -131.1 | 30.0 | 615.6 | -75.3 | 404.4 | 42.3 | -95.2 | 119.3 | -77.1 | -54.0 | -12.5 |
| -129.1 | -34.3 | 6.9 | 37.2 | -54.6 | 23.5 | 7.9 | 3.9 | 6.3 | 5.1 | 3.3 | 1.4 |
| -0.5 | -0.1 | 0.1 | 1.4 | -0.9 | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 18.6 | 48.7 | 17.5 | -56.3 | -58.8 | 7.7 | -5.6 | -36.2 | -31.4 | 301.9 | 8.0 | 32.8 |
| 32 | 46 | 53 | 36 | 31 | 19 | 15 | 11 | 8 | 16 | 18 | 24 |
Operating Profit Operating ProfitCr |
| 0.2 | 2.6 | 4.7 | -49.2 | -209.8 | -73.2 | -47.9 | -68.0 | -77.7 | 10.1 | 7.5 | 6.4 |
Other Income Other IncomeCr | 0 | 0 | 0 | 2 | 3 | 1 | 1 | 2 | 3 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| -2 | -1 | 0 | -12 | -20 | -9 | -5 | -3 | -1 | 1 | 1 | 1 |
| 0 | 0 | 0 | -3 | -6 | -2 | 0 | -1 | 0 | 0 | -1 | 0 |
|
| -707.1 | 45.5 | 46.1 | -1,434.9 | -59.1 | 53.6 | 32.5 | 38.0 | 60.5 | 175.3 | 103.2 | -44.1 |
| -6.3 | -2.3 | -1.1 | -37.5 | -144.8 | -62.4 | -44.6 | -43.3 | -25.0 | 4.7 | 8.8 | 3.7 |
| -0.9 | -0.5 | -0.3 | -4.1 | -6.6 | -2.8 | -1.9 | -1.1 | -0.4 | 0.4 | 0.7 | 0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 17 | 17 |
| 25 | 24 | 23 | 14 | -1 | -7 | -11 | -14 | -16 | -15 | -4 | -3 |
Current Liabilities Current LiabilitiesCr | 13 | 14 | 16 | 16 | 22 | 30 | 28 | 28 | 27 | 17 | 10 | 19 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 17 | 16 | 15 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 42 | 43 | 45 | 34 | 20 | 20 | 14 | 11 | 11 | 17 | 25 | 33 |
Non Current Assets Non Current AssetsCr | 7 | 6 | 5 | 8 | 13 | 15 | 15 | 15 | 13 | 13 | 14 | 14 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | 5 | -2 | -4 | 0 | -1 | 5 | 1 | -4 | 2 | -11 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 5 | -1 | 0 |
Financing Cash Flow Financing Cash FlowCr | 0 | -4 | 3 | 4 | 0 | 1 | -5 | -1 | -1 | -1 | 13 |
|
Free Cash Flow Free Cash FlowCr | 1 | 5 | -2 | -5 | 0 | -1 | 5 | 1 | 1 | 1 | |
| -52.6 | -437.7 | 397.8 | 45.6 | -1.6 | 9.0 | -105.0 | -21.1 | 320.8 | 189.6 | -638.1 |
CFO To EBITDA CFO To EBITDA% | 1,817.2 | 398.2 | -91.0 | 34.8 | -1.1 | 7.7 | -97.8 | -13.4 | 103.2 | 88.3 | -749.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 9 | 7 | 9 | 11 | 5 | 2 | 5 | 7 | 13 | 34 | 32 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 40.7 | 20.5 |
Price To Sales Price To Sales | 0.3 | 0.1 | 0.2 | 0.5 | 0.5 | 0.2 | 0.5 | 1.1 | 2.9 | 1.9 | 1.7 |
Price To Book Price To Book | 0.3 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 7.7 | -3.4 | -3.1 | -10.8 | 2.6 |
| 240.5 | 5.8 | 4.2 | -1.4 | -0.5 | -1.3 | -1.6 | -2.4 | -4.5 | 20.3 | 22.4 |
Profitability Ratios Profitability Ratios |
| 99.9 | 98.1 | 24.3 | 13.0 | -0.1 | 5.5 | 22.0 | 27.8 | 48.9 | 38.9 | 46.2 |
| 0.2 | 2.6 | 4.7 | -49.2 | -209.8 | -73.2 | -47.9 | -68.0 | -77.7 | 10.1 | 7.5 |
| -6.3 | -2.3 | -1.1 | -37.5 | -144.8 | -62.4 | -44.6 | -43.3 | -25.0 | 4.7 | 8.8 |
| -2.0 | 0.4 | 4.9 | -32.8 | -101.6 | -63.3 | -104.4 | -248.4 | 36.4 | -344.4 | 9.1 |
| -5.7 | -3.2 | -1.8 | -36.2 | -127.2 | -141.1 | -773.2 | 130.2 | 26.4 | -26.6 | 12.8 |
| -4.1 | -2.2 | -1.2 | -21.6 | -43.2 | -19.3 | -15.7 | -10.7 | -4.8 | 2.8 | 4.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Telogica Limited (formerly Aishwarya Technologies and Telecom Limited) is a leading Indian manufacturer of advanced fiber optic instruments, telecommunications equipment, and specialized electronics for high-frequency applications. Headquartered in Hyderabad, Telangana, the company has strategically evolved from a telecom test equipment provider into a diversified technology player serving the **telecom, defence, aerospace, space research (ISRO), and infrastructure sectors**.
With a strong focus on indigenous innovation, compliance with national standards, and strategic global partnerships, Telogica is positioning itself as a critical enabler of India’s digital and defence modernization initiatives.
---
### **Operational & Manufacturing Presence**
- **Manufacturing Unit**:
Plot No: M-09, Medical Device Park, Sultanpur, Patancheru, Sangareddy, Telangana.
This facility supports specialized manufacturing in telecom, fibre optics, and high-frequency RF systems.
- **Registered Office**:
TF-7, 3rd Floor, Empire Square Building, Road No. 36, Jubilee Hills, Hyderabad, Telangana.
> *Note: The company rebranded to Telogica Limited in February 2025 to reflect its expanded technological and sectoral footprint.*
---
### **Core Business Segments & Product Portfolio**
#### **1. Fiber Optic & Telecom Testing Solutions**
Telogica is the **largest Indian manufacturer of telecom test and measurement equipment**, holding **20 TEC (Telecom Engineering Centre) approvals** – a record among domestic players. Its product suite includes:
- **Fusion Splicers** (single & ribbon fiber)
- **Optical Time-Domain Reflectometers (OTDRs)**
- **Optical Power Meters**, **Laser Sources**, **Variable Attenuators**
- **Cable Fault Locators**, **Cable Route Tracers**
- **Active (RFID) & Passive Fiber Markers and Locators**
These tools are essential for deployment, maintenance, and troubleshooting of fiber optic networks and are widely used in **5G rollouts, FTTH (Fiber-to-the-Home), BharatNet, and national optical infrastructure projects**.
> - **TEC Certification** ensures compliance with India's national telecom standards.
> - Products are deployed by **key clients**: HFCL, Airtel, ACT Fibre, Sterlite Technologies, BSNL, DRDO, and ISRO.
#### **2. RF & Defence Electronics**
Telogica has made a **strategic entry into the defence sector**, focusing on high-performance, mission-critical systems:
- **RF Cable Assemblies**: Designed for minimal signal loss in aerospace and military environments (used in radar, communications, defence electronics).
- **Solid-State Power Amplifiers (SSPAs)**:
- Co-developed with a U.S.-based OEM
- Frequency range: **DC to 40 GHz**
- Output power: **up to 10 kW**
- Applications: Radar, electronic warfare, satellite communications, military comms
- **RF-over-Fiber (RFoF) Solutions**:
- Developed in collaboration with a U.S. partner
- Operate from **10 kHz to 70 GHz**
- Enable low-loss, high-speed signal transmission over long distances
- Used in telecom backhaul, space/satellite systems, defence platforms, and R&D labs
These systems are offered in **compact modules, rackmount units, and mainframe configurations** to suit varied deployment needs.
#### **3. Programmable Delay Lines**
- Frequency range: **30 MHz to 40 GHz**
- Used for **precise timing control, signal synchronization, and phase alignment** in:
- Phased array antennas
- Radar systems
- Advanced communication networks
- Reflects expertise in high-frequency, high-precision digital/analog systems.
#### **4. Remote Fiber Management & Network Synchronization**
- **RFMS/RFTS (Remote Fiber Monitoring System / Remote Fiber Test System)**:
- Licensed and adapted from a German partner
- **TSEC-certified**, making Telogica eligible for **national projects like BharatNet**
- Enables automated fibre health monitoring, fault detection, and remote diagnostics
- **GPS-Enabled Cable Route Tracers**:
- Expand application beyond telecom into **railways, power utilities, and civil infrastructure**
- Improve accuracy in tracing buried cables and reduce network downtime
- **EDFA (Erbium-Doped Fiber Amplifiers)**:
- Under development for long-haul and 5G transport networks
- Supports high-capacity data transmission over extended distances
---
### **New Product Launches & Market Expansion (FY 2024–2025)**
- **RFID Markers & Locators**:
- Target: **100,000 markers and 200 locators** sold in FY 2025
- Enable intelligent asset tracking in dense urban or underground fiber deployments
- **In-House SSPA Development**:
- Emphasis on **efficiency, reliability, and robustness**
- Turnkey solutions for defence contracts
- **Cost-Effective Cable Route Tracer**:
- In development to increase market penetration, especially in SMEs and state-level utilities
- **State-of-the-Art Testing Laboratory**:
- Built to simulate real-world environmental and operational conditions
- Ensures product reliability and accelerates time-to-market
---
### **Strategic Collaborations**
- **U.S. Partner**: Co-development of SSPA and RF-over-Fiber solutions
- **German Partner**: Technology transfer and adaptation of RFMS/RFTS and synchronization systems
- Leverages global R&D while maintaining Indian ownership and manufacturing
---
### **Customer Base**
Telogica serves a broad and prestigious clientele across multiple sectors:
- **Telecom**: Airtel, BSNL, HFCL, ACT Fibre, Sterlite Technologies
- **Defence & Space**: DRDO, ISRO, Indian Army, Bharat Forge
- **Research & Infrastructure**: Railways, Power Utilities
---
### **Strategic Initiatives**
- **Indigenous Manufacturing**: Shifting from Chinese imports to domestic production; redesigning products for cost efficiency and self-reliance.
- **MSME Advantage**: Lower cost structure and preferential procurement rights boost competitiveness.
- **Expansion into Railways, Power, and Defence**: Diversifying beyond core telecom segment.
- **Focus on High-Margin Defence Contracts**: Turnkey solutions with higher profitability.