---
title: "Punjab Communications Ltd (PUNJCOMMU) — Share Price, Financials & Analysis"
symbol: "PUNJCOMMU"
company: "Punjab Communications Ltd"
canonical: "https://tapetide.com/stocks/PUNJCOMMU"
bse_code: "500346"
sector: "Telecommunication"
industry: "Telecom -  Equipment & Accessories"
generated_at: "2026-10-13T10:59:12.599Z"
---

# Punjab Communications Ltd (PUNJCOMMU)

Canonical page: https://tapetide.com/stocks/PUNJCOMMU

## Company

- **BSE Code:** 500346
- **Sector:** Telecommunication
- **Industry:** Telecom - Equipment & Accessories
- **Macro Sector:** Telecommunication
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** puncom.com

## About

Incorporated in 1981, Punjab Communications 
Ltd is in the business of telecom products manufacturing.[1]

## Latest Price

- **Price:** ₹52.25
- **Change:** -4.73 (-8.3%)
- **Open:** ₹57.99
- **Day High:** ₹57.99
- **Day Low:** ₹50.01
- **Previous Close:** ₹56.98
- **Volume:** 2713
- **As Of:** 2026-10-13T10:02:26+00:00

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of -0.95% over last 3 years.
- Contingent liabilities of Rs.53.7 Cr.
- Earnings include an other income of Rs.9.91 Cr.
- Company has high debtors of 180 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 745% | 33% | 18% |
| revenue growth | 26% | 36% | 5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.92 | 3.12 | 5.88 | 3.21 | 5.54 | 3.55 | 4.92 | 6.67 | 8.17 | 4.99 | 7.02 | 5.83 |
| Expenses | 5.11 | 5.55 | 7.9 | 6.21 | 8.49 | 5.75 | 6 | 8.96 | 7.78 | 8.01 | 9.34 | 5.03 |
| Operating Profit | -2.19 | -2.43 | -2.02 | -3 | -2.95 | -2.2 | -1.08 | -2.29 | 0.39 | -3.02 | -2.32 | 0.8 |
| OPM % | -75 | -77.88 | -34.35 | -93.46 | -53.25 | -61.97 | -21.95 | -34.33 | 4.77 | -60.52 | -33.05 | 13.72 |
| Other Income | 1.84 | 1.59 | 17.1 | 1.88 | 2 | 2.81 | 2.55 | 2.68 | 2.9 | 2.19 | 2.68 | 2.14 |
| Interest | 0 | 0.47 | 0.01 | 0.17 | 0 | 0.01 | 0 | 0 | 0.01 | 0.01 | 0 | 0 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.07 | 0.06 | 0.08 |
| Profit before tax | -0.4 | -1.36 | 15.02 | -1.33 | -1 | 0.55 | 1.42 | 0.35 | 3.24 | -0.91 | 0.3 | 2.86 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.4 | -1.36 | 15.02 | -1.34 | -1 | 0.55 | 1.41 | 0.35 | 3.23 | -0.91 | 0.3 | 2.87 |
| EPS in Rs | -0.33 | -1.13 | 12.49 | -1.11 | -0.83 | 0.46 | 1.17 | 0.29 | 2.69 | -0.76 | 0.25 | 2.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37.91 | 44.66 | 27.6 | 20.58 | 10.76 | 10.59 | 15.05 | 17.21 | 26.85 | 26.01 |
| Expenses | 50.82 | 55.94 | 47.53 | 40.57 | 31.57 | 27.07 | 24.15 | 26.4 | 34.08 | 30.16 |
| Operating Profit | -12.91 | -11.28 | -19.93 | -19.99 | -20.81 | -16.48 | -9.1 | -9.19 | -7.23 | -4.15 |
| OPM % | -34.05 | -25.26 | -72.21 | -97.13 | -193.4 | -155.62 | -60.47 | -53.4 | -26.93 | -15.96 |
| Other Income | 8.8 | 9.46 | 9.01 | 8.48 | 7.91 | 1.13 | 19.95 | 9.24 | 10.45 | 9.91 |
| Interest | 0.11 | 0.34 | 0.07 | 0.04 | 0.03 | 0.04 | 0.5 | 0.23 | 0.03 | 0.02 |
| Depreciation | 0.61 | 0.55 | 0.44 | 0.35 | 0.29 | 0.23 | 0.2 | 0.2 | 0.21 | 0.25 |
| Profit before tax | -4.83 | -2.71 | -11.43 | -11.9 | -13.22 | -15.62 | 10.15 | -0.38 | 2.98 | 5.49 |
| Tax % | 0 | 0 | 0 | 0 | -5.52 | 0 | 0 | 0 | 0 | — |
| Net Profit | -4.83 | -2.7 | -11.43 | -11.9 | -12.49 | -15.62 | 10.15 | -0.38 | 2.98 | 5.49 |
| EPS in Rs | -4.02 | -2.25 | -9.51 | -9.9 | -10.39 | -12.99 | 8.44 | -0.32 | 2.48 | 4.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 |
| Reserves | 65.35 | 61.53 | 58.58 | 46.22 | 35.08 | 22.36 | 6.59 | 16.78 | 16.5 | 18.4 |
| Borrowings | 0.5 | 1.89 | 0 | 0.39 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 58.15 | 57.9 | 77.33 | 76.27 | 76.83 | 77.22 | 74.65 | 67.49 | 66.66 | 58.49 |
| Total Liabilities | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 96.32 | 95.21 | 88.94 |
| Fixed Assets | 5.66 | 5.65 | 5.32 | 4.97 | 4.63 | 4.12 | 3.89 | 3.71 | 3.9 | 4.17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 0 | 0 | 0 |
| Other Assets | 123.4 | 120.73 | 135.65 | 122.97 | 112.34 | 100.52 | 82.41 | 92.61 | 91.31 | 84.77 |
| Total Assets | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 96.32 | 95.21 | 88.94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -12.03 | -13.83 | -4.93 | -10.34 | -4.78 | -15.11 | -22.97 | -1.21 | -9.39 | -6.69 |
| Cash from Investing Activity | 10.41 | 15.75 | 4 | 14.22 | 5.9 | 8.64 | 23.08 | 25.35 | -9.78 | 8.9 |
| Cash from Financing Activity | 0.45 | 1.29 | -2.21 | 0.33 | -0.42 | 3.88 | -0.04 | -4.4 | 0 | -0.03 |
| Net Cash Flow | -1.17 | 3.21 | -3.13 | 4.21 | 0.7 | -2.59 | 0.08 | 19.74 | -19.17 | 2.18 |
| Free Cash Flow | -12.46 | -14.41 | -5.15 | -10.43 | -4.79 | -15.12 | -22.96 | -1.23 | -9.54 | -7.18 |
| CFO/OP | 88 | 111 | 44 | 52 | 24 | 73 | 139 | 13 | 102 | 82 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 201.17 | 182.45 | 226.96 | 321.09 | 323.5 | 353.81 | 352.25 | 257.56 | 204.66 | 180.39 |
| Inventory Days | 697.89 | 480.62 | 407.15 | 538.64 | 629.67 | 2113.82 | 1268.59 | 1038.75 | 738.5 | 114.66 |
| Days Payable | 478.95 | 316.73 | 297.62 | 381.05 | 537.64 | 1645.34 | 1098.87 | 914.89 | 615.7 | 513.5 |
| Cash Conversion Cycle | 420.12 | 346.34 | 336.49 | 478.69 | 415.53 | 822.28 | 521.96 | 381.42 | 327.46 | -218.45 |
| Working Capital Days | 113.83 | 92.62 | 38.25 | -39.67 | -257.88 | -752.73 | -714.49 | -430.97 | -339.13 | -446.97 |
| ROCE % | -7.84 | -6.18 | -3.24 | -17.57 | -22.42 | -32.38 | -32.61 | -9.35 | -2.82 | 10.2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
| FIIs | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% |
| DIIs | 0.32% | 0.32% | 0.3% | 0.3% | 0.3% | 0.25% | 0.25% | 0.02% | 0.02% | 0.02% | 0.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.62% | 23.62% | 23.64% | 23.64% | 23.64% | 23.68% | 23.69% | 23.92% | 23.91% | 23.92% | 23.92% |
| No. of Shareholders | 10851 | 10538 | 10384 | 10273 | 10038 | 10172 | 10023 | 9841 | 10138 | 9884 | 9810 |

### Quarterly

| Category | 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 | 23.68% | 23.92% | 23.91% | 23.92% | 23.91% | 23.91% | 23.91% | 23.92% | 23.91% | 23.92% | 23.91% | 23.92% |
| No. of Shareholders | 9800 | 9841 | 9881 | 9968 | 10105 | 10138 | 10087 | 10059 | 9932 | 9884 | 9875 | 9810 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 56.77 | Buy |
| EMA (10) | 56.84 | Sell |
| SMA (20) | 57.72 | Sell |
| EMA (20) | 57.2 | Sell |
| SMA (50) | 55.18 | Buy |
| EMA (50) | 55.72 | Buy |
| SMA (100) | 52.25 | Buy |
| EMA (100) | 54.13 | Buy |
| SMA (200) | 53.54 | Buy |
| EMA (200) | 53.51 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.45 | Neutral |
| MACD (12,26,9) | -0.06 | Sell |
| Stochastic (14,3,3) | 41.18 | Neutral |
| ADX (14) | 18.88 | Neutral |
| Williams %R (14) | -52.44 | Neutral |
| ATR (14) | 3.41 | High Volatility |
| ROC (12) | -4.92 | Sell |
| Stoch RSI (14) | 41.76 | Neutral |
| UO (7,14,28) | 52.89 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=477aeee3-514c-4d4a-bf4f-d61fcb09b7f6.pdf) |
| 2026-09-28 | [Regarding Intimation Letter Sent To Shareholders Of The Company Holding Shares In Physical Form For Updation / Registration Of PAN, KYC And Nomination Details](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb08b468-2984-4fdb-90c0-a0740d4e865e.pdf) |
| 2026-09-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df659569-92b0-42be-859c-15492f935579.pdf) |
| 2026-09-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e0ae923-59dc-43e9-95ce-855311539bba.pdf) |
| 2026-09-24 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=077321b8-33d7-4ad2-a934-bde378e8de18.pdf) |
| 2026-09-08 | [Regulation 30 - Intimation Of ROC Approval For Extension Of Time To Conduct Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b5efc5d-19b4-4c7e-b5ea-a1db7d2baca4.pdf) |
| 2026-09-02 | [Regarding Intimation To Apply For Extension Of AGM Due Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf6abf79-d4cb-4b3d-b178-bf407def6073.pdf) |
| 2026-08-26 | [Regarding Revised Independent Audit Report For The Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bcbbd9f3-b554-433c-9670-37581ffbac3b.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a85999e5-021e-44d5-903b-f1894663cbbb.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Unaudited Financial Results For Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b119718-b52e-4d5e-aa37-46aedb73daea.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c469b6c-2114-46b0-9187-281250ec3bc8.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25e224dc-2d95-48ba-b89d-6de019e0c911.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/641a0abc-d367-4957-a694-7b1ddc085cfa.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/500346/74969500346.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/500346/70954500346.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/500346/65983500346.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/500346/5003460319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/500346/5003460318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/500346/5003460317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/500346/5003460316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:12.599Z.