Adtech Systems Ltd
Incorporated in 1992, Adtech Systems Ltd is an electronic system integrator and provides solutions in electronic security systems. It also provides solutions in Solar Projects[1]
- Market Cap ₹ 62.6 Cr.
- Current Price ₹ 52.5
- High / Low ₹ 100.0 / 47.0
- Stock P/E 16.4
- Book Value ₹
- Dividend Yield 1.90 %
- ROCE 12.9 %
- ROE 9.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 30.7%
Cons
- Company has a low return on equity of 8.46% over last 3 years.
- Promoters have pledged 29.7% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 36.01 | 79.36 | 61.09 | 55.06 | 47.75 | 42.34 | |
| 33.18 | 75.05 | 54.42 | 49.26 | 41.35 | 37.76 | |
| Operating Profit | 2.83 | 4.31 | 6.67 | 5.80 | 6.40 | 4.58 |
| OPM % | 7.86% | 5.43% | 10.92% | 10.53% | 13.40% | 10.82% |
| 0.71 | 0.93 | 0.90 | 1.67 | 0.42 | 1.27 | |
| Interest | 0.03 | 1.99 | 1.76 | 1.03 | 0.27 | 0.14 |
| Depreciation | 0.12 | 1.25 | 1.02 | 1.07 | 0.73 | 0.67 |
| Profit before tax | 3.39 | 2.00 | 4.79 | 5.37 | 5.82 | 5.04 |
| Tax % | 33.04% | 19.00% | 24.84% | 22.72% | 24.74% | |
| 2.27 | 1.61 | 3.59 | 4.15 | 4.38 | 3.81 | |
| EPS in Rs | ||||||
| Dividend Payout % | 30.62% | 38.23% | 34.29% | 29.66% | 28.11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -16% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.78 | 12.31 | 12.31 | 12.31 | 12.31 | 12.31 |
| Reserves | 29.61 | 31.03 | 33.43 | 36.39 | 39.58 | 42.02 |
| 1.55 | 20.52 | 11.57 | 3.91 | 0.00 | 0.00 | |
| 12.89 | 15.28 | 11.10 | 8.61 | 9.68 | 11.08 | |
| Total Liabilities | 46.83 | 79.14 | 68.41 | 61.22 | 61.57 | 65.41 |
| 2.16 | 14.40 | 13.30 | 12.43 | 11.24 | 10.94 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.20 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 |
| 39.47 | 64.74 | 55.11 | 48.79 | 50.33 | 52.47 | |
| Total Assets | 46.83 | 79.14 | 68.41 | 61.22 | 61.57 | 65.41 |
Cash Flows
Figures in Rs. Crores
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 11.25 | 4.14 | 8.22 | 6.40 | ||
| -0.90 | 1.62 | 0.04 | -0.36 | ||
| -5.82 | -11.29 | -9.21 | -4.61 | ||
| Net Cash Flow | 4.54 | -5.54 | -0.95 | 1.43 |
Ratios
Figures in Rs. Crores
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 106.63 | 122.53 | 122.90 | 125.42 | 142.64 |
| Inventory Days | 155.66 | 60.10 | 125.30 | 124.31 | 142.88 |
| Days Payable | 72.39 | 67.76 | 46.36 | 39.32 | 40.50 |
| Cash Conversion Cycle | 189.90 | 114.87 | 201.84 | 210.41 | 245.03 |
| Working Capital Days | 181.74 | 76.07 | 158.87 | 204.91 | 254.16 |
| ROCE % | 10.78% | 10.30% | 12.92% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Sales Rs. Lakhs |
|
||||||||||
| Permanent Employees Number |
|||||||||||
| Revenue Segment: CCTV / Access Control (C/I) Rs. Lakhs |
|||||||||||
| Revenue Segment: Electronic Article Surveillance (EAS) Rs. Lakhs |
|||||||||||
| Revenue Segment: Solar Projects Rs. Lakhs |
|||||||||||
| Trade Receivables Turnover times |
|||||||||||
| Import Dependence (Imported Goods) Percentage |
|||||||||||
Documents
Announcements
-
Despatch Of Postal Ballot Notice To Shareholders For Re-Appointment Of Independent Directors
25 Feb - Postal ballot to reappoint three independent directors (31 Mar 2026–30 Mar 2031); e-voting 26 Feb–27 Mar 2026
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 25 Feb
- Outcome Of Board Meeting Held On 14Th February 2026 - Approval Of Unaudited Financial Results For Quarter And Nine Months Ended On 31St December 2025, Re-Appointment Of Independent Directors And Approval Of Notice Of Postal Ballot 14 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 14Th February 2026 - Approval Of Unaudited Financial Results For Quarter And Nine Months Ended On 31St December 2025, Re-Appointment Of Independent Directors And Approval Of Notice Of Postal Ballot
14 Feb - Unaudited Q3/9M results to 31 Dec 2025 approved; three independent directors recommended for reappointment by postal ballot.
-
Board Meeting Intimation for Consider And Approve Un-Audited Financial Results For Quarter And 9 Months Ended On 31St December 2025
6 Feb - Board meeting on 14 Feb 2026 to approve Q3/9M Dec 31, 2025 results; reappoint independent director(s); seek postal ballot.
Business Overview:[1][2][3]
ASL is an ISO 9001:2015 certified company providing integrated electronic security systems and solutions. With over 15 support centers, ASL has completed 10,000+ security installations for 4,000+ customers across India. The company specializes in the supply, installation, testing, commissioning, and maintenance of electronic security systems and floating structures. ASL is also involved in solar projects.