Tikona Communication Ltd
NSE: TIKONA · Other Telecom Services · sector
₹43.67NSE close 2026-10-26
Key numbers
Market cap₹133 cr
Price₹43.67
52w high / low₹48 / ₹44
P/E38.6xSector median 10.7x
P/B–Sector median 2.1x
Book value₹-0.9
Dividend yield–Sector median 1.98%
ROE–Sector median -7.8%
ROCE118.8%Sector median 13.5%
OPM10.2%Sector median 9.4%
Debt / equity–Sector median 0.05x
EV/EBITDA32.8xSector median 21.7x
Interest cover7.1x
Current ratio1.11x
Sales growth 3y+370.3%Sector median +27.2%
Profit growth 3y–Sector median +22.7%
PEG–
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 8 companies in Other Telecom Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹7 cr (FY26): borrowings are higher by ₹7 cr.
- Borrowings rose in each of the last 3 years (₹4 cr → ₹7 cr).
- Operating profit covered interest 7.1x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 5 of the last 8 quarters.
- Other income was 1% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹43.67 on 2026-10-26: -9.5% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹46.62 · low ₹7.16
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 11 | 20 | 11 |
| EBITDA | -0 | -0 | -0 | -0 | -0 | 1 | 2 | 1 |
| OPM % | – | – | – | – | – | 10.3% | 11.2% | 9.1% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -0 | -0 | -0 | -0 | -0 | 1 | 2 | 1 |
| EPS (₹) | -0.05 | -0.05 | -0.05 | -0.11 | -0.08 | 0.29 | 0.69 | 0.23 |
| Revenue YoY | – | – | – | – | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 11 | 42 |
| EBITDA | -0 | -1 | -0 | -0 | 1 | 4 |
| Net profit | -0 | -1 | -1 | -1 | 0 | 3 |
| EPS (₹) | 0.04 | -0.09 | -0.17 | -0.22 | 0.06 | 1.13 |
| Revenue growth | – | -100.0% | – | – | – | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +370.3% | +58.1% | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -4 | -5 | -6 | -5 |
| Borrowings | – | 4 | 5 | 6 | 7 |
| Cash & equivalents | – | 0 | 0 | 0 | 0 |
| Total assets | – | 0 | 0 | 0 | 13 |
| Fixed assets | – | 0 | 0 | 0 | 0 |
| Capital work in progress | – | – | – | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 0 | 0 | 0 | 12 |
| Inventory | – | 0 | 0 | 0 | 1 |
| Payables | – | 0 | 0 | 0 | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 0 | 2 | 0 | -1 | -1 |
| Cash from investing | 0 | 0 | 0 | 0 | 0 |
| Cash from financing | 0 | -2 | 0 | 1 | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 0 | 2 | 0 | -1 | -1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.2% | 10.4% | 12.1% | -3.3% |
| ROCE % | – | 3,020.5% | 265.8% | 566.9% | 55.5% |
| Debtor days | – | 0 | – | – | 431 |
| Inventory days | – | 0 | – | – | 34 |
| Payable days | – | 180 | – | – | 464 |
| Cash conversion cycle (days) | – | -180 | – | – | 1 |
| Working capital days | – | -15,934 | – | – | 46 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.18% |
| DIIs | 0.02% |
| of which Mutual funds | 0.01% |
| of which Insurance | 0.01% |
| Public (non-institutions) | 29.79% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.16% | 70.16% | 70.18% | 70.18% | 70.18% | 70.18% | 70.18% | 70.18% |
| Promoter group | % |
|---|---|
| SAR Televenture Limited | 70.17% |
| Heena Ashok Mehta | 0.01% |
| Minal Kiran Jangla | 0.00% |
| Namita Hiten Jangla | 0.00% |
22,896 shareholders. Pledged: – of promoter shares.
Peers in Other Telecom Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| RAILTEL | ₹7,187 cr | 20.8x | 3.2x | 16.2% | 21.0% | 13.9% | +30.0% | 1.27% |
| ROUTE | ₹2,657 cr | 10.7x | 1.0x | 9.6% | 13.5% | 8.6% | +7.3% | 2.69% |
| STLNETWORK | ₹1,672 cr | – | 2.1x | -12.3% | 0.5% | 4.0% | – | – |
| GFSTEELS | ₹133 cr | 33.9x | – | – | 118.8% | 10.2% | +372.1% | – |
| TIKONA | ₹133 cr | 38.6x | – | – | 118.8% | 10.2% | +370.3% | – |
| GTL | ₹94 cr | 0.1x | – | – | – | 389.8% | +6.4% | – |
| STML | ₹67 cr | 10.7x | 3.5x | -31.4% | -20.8% | 6.2% | +20.5% | – |
| NETTLINX | ₹29 cr | 4.4x | 0.5x | -7.8% | -5.9% | -17.7% | +27.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-11-22 | Other | Extra Ordinary General Meeting |
| 2024-08-02 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2021-11-22 | Other | Annual General Meeting |
| 2020-12-15 | Other | Annual General Meeting |
| 2019-09-17 | Other | Annual General Meeting |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Telecommunication |
| Industry | Other Telecom Services |
| Sub-industry | Other Telecom Services |
| Symbol | TIKONA |
| BSE code | 513343 |
| ISIN | INE534A01028 |
| Face value | ₹4.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.