Operates as a joint venture between Telecommunications Consultants India Limited (TCIL) and Tamilnadu Industrial Development Corporation (TIDCO), classified in the telecom equipment and accessories industry. The factory has been non-operational since August 2017, and the company reported zero revenue from operations in FY26. It is under BIFR rehabilitation monitoring, and promoter TCIL has initiated strategic disinvestment through DIPAM, with transaction and legal advisers already appointed. A proposed factory lease was cancelled by TIDCO, and the statutory auditors have issued an adverse conclusion, flagging the going concern assumption as inappropriate given complete net worth erosion and the absence of business activity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Telecom equipment and accessories. Non-operational telecom equipment manufacturer under BIFR rehabilitation monitoring
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | — | (1,521) | (2,678) | (3,699) | (3) |
| margin % | — | — | — | — | — |
| Owners' profit | — | (9,893) | (11,966) | (14,619) | (15) |
| EPS, as reported (₹) | 3.08 | 0.00 | 0.26 | (3.20) | (3.36) |
| ROE % · ROCE % | — · 1.6 | 7.2 · 1.5 | 8.0 · 2.1 | 8.9 · 2.7 | 7.7 · 2.0 |
| Debt / equity (x) | — | (1.10) | (0.21) | (0.20) | (0.20) |
| Cash from operations | 7,593 | 7,805 | 9,151 | (812) | (45) |
| Capex | — | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (3,238) | (3,291) | (3,425) | (3,442) | (7,740) | (3,463) | (4) | (3,413) |
| Net profit | (3,238) | (3,291) | (3,425) | (3,442) | (7,740) | (3,463) | (4) | (3,413) |
| EPS (₹) | (0.71) | (0.71) | (0.75) | 0.00 | 1.69 | 0.76 | 0.81 | 0.75 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ITI LTD | 25,323 | 66.8 | 13.29 | 47.7 | 15.4 | 14.0 | (1.6) | 2.4 |
| TEJAS NETWORKS LIMITED | 10,030 | — | 3.42 | — | (31.0) | (37.1) | 15.9 | (22.7) |
| OPTIEMUS INFRACOM LTD | 5,035 | 68.7 | 6.13 | 43.0 | 8.0 | 7.0 | 57.7 | 4.7 |
| KAVVERI DFS & WIR TEC LTD | 417 | — | 3.73 | 277.3 | 1.1 | 1.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Notice of 38th AGM on 25 September 2026 via video conferencing | results | high | — | — |
| 2 Sept 2026 · 38th AGM scheduled for September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 38th AGM set for Sep 25, 2026; record date Sep 18, book closure Sep 19-25 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 38th AGM on Sept 25, 2026; book closure from Sept 19 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Exchange seeks clarification on Q1 FY27 results from Tamilnadu Telecom | compliance | low | — | — |
| 17 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 17 Aug 2026 · TN Telecom Q1 FY27 results: zero revenue, Rs 3.41 cr loss | compliance | minimal | — | — |
| 17 Aug 2026 · Q1 FY27 results published; net loss about Rs 34 crores | compliance | minimal | — | — |
| 14 Aug 2026 · Q1 FY27 Results: Auditor flags going concern doubts, factory idle since 2017 | results | high | — | — |
| 14 Aug 2026 · Q1 FY27 results with adverse audit opinion and going concern doubt | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 10.2 |
| (77.3) |
| UMIYA BUILDCON LIMITED | 182 | 21.2 | 1.58 | 4.4 | 36.6 | 23.3 | — | 29.5 |
| TAMILNADU TELECOMMUNICATI ◆ | 42 | 2.3 | — | — | 7.7 | 8.5 | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.3 | 14.9 | 4 of 24 | 87% |
| ROCE | 8.5 | 9.7 | 17 of 30 | 45% |
| ROE | 7.7 | 9.1 | 18 of 29 | 39% |
| Debt / Equity | (0.2) | 0.0 | 8 of 29 | 75% |
| Profit growth | 0.8 | 36.6 | 21 of 28 | 26% |
| Market cap | 42 | 1530 | 26 of 30 | 14% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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