Overview

Detailed Summary

Punjab Communications Limited (PCL) is an Indian telecom equipment manufacturer focused on line transmission and radio switching systems, producing multiplexers, SDH/STM equipment, optical line terminating units, PLCC and VHF radio solutions for users such as Railways, DoT, Defence and power utilities.
PCL has refocused on railway and power verticals, empanelling IP‑MPLS OEMs and winning tenders: in FY 2024‑25 it secured two turnkey projects worth about Rs.10.59 crore and Rs.13.00 crore, illustrating renewed commercial traction in mission‑critical public sector orders for Punjab Communications Limited.
The company maintains strategic OEM relationships including ECI Telecom for SDH ranges, a reported joint venture arrangement with Reliance Tech Com and prior DWDM engagement with Huawei, positioning PCL to combine in‑house manufacturing with partner supplied modules to bid larger integrated projects.
Market opportunity centers on Railtel and large OFC rollouts (Railtel planned ~37,000 km network) together with power sector PLCC projects; PCL notes material wins from rail and private power parties and is arranging assembly and testing partnerships with BEL, SCL and ISRO for product validation and scaling.

Sector: Telecom - Equipment & Accessories
Industry: Telecom - Equipment & Accessories
Market Cap: 65 Cr
Volatility: Low Risk
P/E Ratio: 11.8
Industry P/E: 136.5
PEG Ratio: 0.2
P/B Ratio: 2.1
52W High: 74.01
52W Low: 40.10

Sales CAGR

1Y: -78.83%
3Y: 16.96%
5Y: -9.01%
10Y: -2.60%

Profit CAGR

1Y: 62.36%
3Y: —
5Y: —
10Y: —

ROE

TTM

‌

Peers

Telecommunication Telecommunication

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
FROG		242.40	377 Cr	16.02	2.37	0.00	-0.71	-1.96	-0.82
UMIYA-MRO		90.00	168 Cr	45.08	1.43	0.00	3.53	6.47	1.38
AKSHOPTFBR		7.10	116 Cr	-60.48	0.00	0.00	118.25	-7.43	-0.70
PUNJCOMMU		53.76	65 Cr	11.77	2.12	0.00	9.77	9.57	6.17
TELOGICA		7.30	48 Cr	-6.60	1.45	0.00	4.32	4.90	-1.06
TNTELE		9.41	43 Cr	-2.89	0.00	0.00	7.54	2.27	-89.04
DIGIFIBRE		—	0 Cr	—	0.00	0.00	1.20	5.56	-0.89
Median: 7 Co.	—	31.59	65 Cr	4.44	1.43	0.00	4.32	4.90	-0.82

Standalone Quarterly Results (in ₹ Crores)

Total

QoQ

YoY

Total

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	5.88	3.21	5.54	3.55	4.92	6.67	8.17	4.99	7.02	5.83
Expenses	7.90	6.21	8.49	5.75	6.01	8.96	7.78	8.01	9.34	5.03
Operating Profit	-2.02	-3.00	-2.95	-2.20	-1.09	-2.29	0.39	-3.02	-2.32	0.80
OPM %	-34.35	-93.46	-53.25	-61.97	-22.15	-34.33	4.77	-60.52	-33.05	13.72
Other Income	17	1.88	2.00	2.82	2.55	2.68	2.90	2.19	2.68	2.14
Interest	0.01	0.17	0.00	0.01	0.00	0.00	0.01	0.01	0.00	0.00
Depreciation	0.05	0.04	0.05	0.05	0.05	0.04	0.04	0.07	0.06	0.08
Profit Before Tax	15	-1.34	-1.00	0.55	1.41	0.35	3.23	-0.91	0.30	2.87
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	15	-1.34	-1.00	0.55	1.41	0.35	3.23	-0.91	0.30	2.87
EPS in Rs	12.49	-1.11	-0.84	0.46	1.17	0.29	2.69	-0.76	0.25	2.38

Standalone Profit Loss (in ₹ Crores)

Total

YoY

Total

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	22	30	39	45	28	21	11	11	15	17	26
Expenses	39	43	51	56	48	41	32	27	24	27	30
Operating Profit	-17	-12	-12	-11	-20	-20	-21	-16	-9.10	-9.42	-4.15
OPM %	-79.89	-40.20	-30.25	-25.30	-72.28	-97.23	-193.45	-155.76	-60.47	-54.69	-15.96
Other Income	8.93	9.06	8.80	9.46	9.01	8.48	7.91	1.14	20	9.24	9.91
Interest	0.07	0.05	0.10	0.32	0.05	0.03	0.02	0.04	0.50	0.00	0.02
Depreciation	0.22	0.53	0.61	0.55	0.44	0.35	0.29	0.23	0.20	0.20	0.25
Profit Before Tax	-10	-6.29	-4.83	-2.70	-11	-12	-13	-16	10	-0.38	5.49
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	5.53	0.00	0.00	0.00	0.00
Net Profit	-10	-6.29	-4.83	-2.70	-11	-12	-12	-16	10	-0.38	5.49
EPS in Rs	-8.72	-5.35	-2.98	-2.27	-9.51	-9.91	-10.38	-13.00	8.45	-0.32	4.56
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total

YoY

Total

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	12	12	12	12	12	12
Reserves	72	65	62	59	46	35	22	6.59	17	17
Borrowings	0.00	0.50	1.89	0.00	0.39	0.00	0.00	0.00	0.00	0.00
Other Liabilities	39	44	44	63	62	63	63	60	53	52
Total Liabilities	122	122	119	134	121	110	97	79	82	81
Fixed Assets	5.66	5.66	4.86	4.54	4.20	3.54	3.28	3.05	2.88	2.84
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	6.99	6.99	7.78	7.77	7.76	8.07	7.83	7.83	0.84	1.06
Other Assets	110	109	107	122	109	98	86	68	78	77
Total Assets	122	122	119	134	121	110	97	79	82	81

Standalone Cash Flows (in ₹ Crores)

Total

YoY

Total

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.86	-6.24	-14	-4.93	-10	-4.78	-15	-23	-1.08	-9.39
Cash from Investing Activity	1.38	4.60	16	4.00	14	5.90	8.64	23	25	-9.78
Cash from Financing Activity	-0.07	0.47	1.29	-2.21	0.33	-0.42	3.88	-0.04	-4.40	0.00
Net Cash Flow	0.44	-1.17	3.21	-3.13	4.21	0.70	-2.59	0.08	20	-19

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%	71.28%
FIIs	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%	4.78%
DIIs	0.25%	0.02%	0.02%	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%	23.91%	23.91%
Total Shareholders	9,800	9,841	9,881	9,968	10,105	10,138	10,087	10,059	9,932	9,884	9,875	9,810

Projection

Investor Presentation

Q2 FY26

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AGM/EGM Notice

1 day ago

Punjab Communications AGM on 19 Nov 2026

Punjab Communications Ltd published a newspaper notice that its 45th AGM will be held on 2026-11-19 at 12:00 Noon via VC/OAVM; shareholders asked to update email IDs to receive the Annual Report FY2025-26 and AGM notice.

Change in Directors/KMP

5 days ago

Punjab Communications Ltd appoints Jaspreet Singh as MD

Punjab Communications Ltd appointed Sh. Jaspreet Singh, IAS as Managing Director w.e.f. September 23, 2026, replacing Sh. Harsuhinder Pal Singh Brar, IAS. Appointment approved at Board meeting on October 15, 2026.

Frequently Asked Questions about Punjab Communications Ltd

Punjab Communications Ltd (PUNJCOMMU) is currently trading at 53.76 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Punjab Communications Limited (PCL) is an Indian telecom equipment manufacturer focused on line transmission and radio switching systems, producing multiplexers, SDH/STM equipment, optical line terminating units, PLCC and VHF radio solutions for users such as Railways, DoT, Defence and power utilities. PCL has refocused on railway and power verticals, empanelling IP‑MPLS OEMs and winning tenders: in FY 2024‑25 it secured two turnkey projects worth about Rs.10.59 crore and Rs.13.00 crore, illustrating renewed commercial traction in mission‑critical public sector orders for Punjab Communications Limited. The company maintains strategic OEM relationships including ECI Telecom for SDH ranges, a reported joint venture arrangement with Reliance Tech Com and prior DWDM engagement with Huawei, positioning PCL to combine in‑house manufacturing with partner supplied modules to bid larger integrated projects. Market opportunity centers on Railtel and large OFC rollouts (Railtel planned ~37,000 km network) together with power sector PLCC projects; PCL notes material wins from rail and private power parties and is arranging assembly and testing partnerships with BEL, SCL and ISRO for product validation and scaling.

Over the past 52 weeks, Punjab Communications Ltd has traded between a low of ₹40.10 and a high of ₹74.01. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Punjab Communications Ltd has a market capitalization of approximately 64.62. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Punjab Communications Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 11.77 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 64.62 Cr, Punjab Communications Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Punjab Communications Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Punjab Communications Ltd is 11.77. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The provided data shows a share price of ₹50.77, with a +₹2.31 move displayed alongside the snapshot.

The disclosure cited a standalone net loss of ₹0.25 crore (₹25.09 lakh) for the quarter ended December 31, 2025, versus a profit of ₹0.55 crore in Q3 FY25.

Punjab Communications Ltd

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