---
title: "Tricom India Ltd (TRICOM) — Share Price, Financials & Analysis"
symbol: "TRICOM"
company: "Tricom India Ltd"
canonical: "https://tapetide.com/stocks/TRICOM"
generated_at: "2026-10-13T11:00:07.071Z"
---

# Tricom India Ltd (TRICOM)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** tilinfo.com

## About

Tricom India is engaged in offering Information Technology Enabled Services (ITES).

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.09 times its book value
- Debtor days have improved from 284 to 133 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.8% over past five years.
- Company has a low return on equity of -18.3% over last 3 years.
- Contingent liabilities of Rs.28.6 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 31% | 8% | — |
| revenue growth | -5% | -16% | -18% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.45 | 7.27 | 6.54 | 7.73 | 6.21 | 4.92 | 5.94 | 7.17 | 6.77 | 5.58 | 5.19 | 5.46 |
| Expenses | 5.9 | 6.23 | 6.25 | 6.97 | 5.28 | 4.32 | 5.15 | 5.07 | 4.05 | 3.63 | 3.7 | 3.8 |
| Operating Profit | 4.55 | 1.04 | 0.29 | 0.76 | 0.93 | 0.6 | 0.79 | 2.1 | 2.72 | 1.95 | 1.49 | 1.66 |
| OPM % | 43.54 | 14.31 | 4.43 | 9.83 | 14.98 | 12.2 | 13.3 | 29.29 | 40.18 | 34.95 | 28.71 | 30.4 |
| Other Income | 0 | -12.74 | 0.75 | 0.9 | -9.36 | -1.43 | 0.38 | -9.17 | -0.18 | -0.02 | -2.21 | 0 |
| Interest | 5.37 | 5.83 | 2.19 | 0.17 | 1.97 | 2.21 | 2.04 | 2.32 | 2.1 | 2.16 | 2.12 | 1.78 |
| Depreciation | 2.37 | 2.1 | 3.12 | 3.09 | 2.96 | 2.89 | 2.87 | 2.89 | 2.86 | 2.82 | 2.41 | 2.43 |
| Profit before tax | -3.19 | -19.63 | -4.27 | -1.6 | -13.36 | -5.93 | -3.74 | -12.28 | -2.42 | -3.05 | -5.25 | -2.55 |
| Tax % | 23.2 | 4.13 | -2.81 | 26.88 | 4.19 | 9.11 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -3.93 | -20.44 | -4.15 | -2.03 | -13.92 | -6.46 | -3.74 | -12.28 | -2.42 | -3.05 | -5.25 | -2.55 |
| EPS in Rs | -0.5 | -2.58 | -0.52 | -0.26 | -1.76 | -0.82 | -0.47 | -1.55 | -0.31 | -0.39 | -0.66 | -0.32 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 42 | 45 | 55 | 68 | 80 | 44 | 35 | 25 | 25 | 23 |
| Expenses | 22 | 22 | 27 | 36 | 53 | 35 | 27 | 26 | 20 | 15 |
| Operating Profit | 20 | 23 | 28 | 32 | 27 | 9 | 8 | 0 | 6 | 8 |
| OPM % | 46 | 51 | 51 | 47 | 34 | 19 | 22 | -2 | 23 | 34 |
| Other Income | 3 | 0 | -2 | -2 | 7 | 5 | -9 | -4 | -7 | -2 |
| Interest | 3 | 6 | 8 | 9 | 15 | 22 | 18 | 9 | 9 | 8 |
| Depreciation | 2 | 3 | 4 | 5 | 5 | 6 | 9 | 12 | 11 | 11 |
| Profit before tax | 19 | 14 | 15 | 16 | 14 | -14 | -28 | -25 | -21 | -13 |
| Tax % | 14 | -2 | 2 | 5 | 36 | 8 | 11 | 6 | 0 | — |
| Net Profit | 16 | 14 | 14 | 15 | 9 | -15 | -31 | -27 | -21 | -13 |
| EPS in Rs | 2.78 | 2.45 | 2.46 | 2.51 | 1.38 | -1.94 | -3.93 | -3.35 | -2.71 | -1.68 |
| Dividend Payout % | 17 | 8 | 10 | 8 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 13 | 16 | 16 | 16 | 16 |
| Reserves | 41 | 54 | 64 | 80 | 96 | 134 | 116 | 85 | 60 | 37 |
| Borrowings | 8 | 29 | 66 | 70 | 76 | 69 | 87 | 97 | 89 | 96 |
| Other Liabilities | 5 | 9 | 10 | 12 | 9 | 11 | 22 | 28 | 35 | 33 |
| Total Liabilities | 66 | 103 | 151 | 174 | 192 | 227 | 241 | 226 | 199 | 182 |
| Fixed Assets | 8 | 14 | 17 | 24 | 22 | 24 | 47 | 55 | 43 | 32 |
| CWIP | 1 | 5 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 8 | 32 | 62 | 65 | 79 | 93 | 107 | 121 | 126 | 126 |
| Other Assets | 48 | 53 | 67 | 81 | 91 | 111 | 87 | 51 | 30 | 25 |
| Total Assets | 66 | 103 | 151 | 174 | 192 | 227 | 241 | 226 | 199 | 182 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -9 | 11 | 8 | 20 | 14 | -1 | 54 | 28 | 13 | 9 |
| Cash from Investing Activity | -9 | -34 | -36 | -16 | -4 | -7 | -59 | -25 | -4 | -8 |
| Cash from Financing Activity | 22 | 21 | 31 | -4 | -10 | 4 | 5 | -3 | -9 | -1 |
| Net Cash Flow | 4 | -3 | 3 | -1 | 0 | -4 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -11 | 0 | 3 | 9 | 13 | -8 | 25 | 27 | 12 | 8 |
| CFO/OP | -57 | 63 | 46 | 81 | 63 | 11 | 642 | 355 | -2606 | 117 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 194 | 192 | 247 | 246 | 159 | 283 | 388 | 415 | 304 | 133 |
| Inventory Days | — | — | — | — | — | 1022 | 888 | — | — | — |
| Days Payable | — | — | — | — | — | 36 | 172 | — | — | — |
| Cash Conversion Cycle | 194 | 192 | 247 | 246 | 159 | 1269 | 1105 | 415 | 304 | 133 |
| Working Capital Days | 451 | 364 | 420 | 428 | 396 | 441 | 537 | 272 | 26 | -27 |
| ROCE % | 37 | 27 | 19 | 16 | 15 | 15 | 4 | 1 | -4 | -2 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 7.74% |
| DIIs | 0.03% |
| Government | 0.2% |
| Public | 92.03% |
| No. of Shareholders | 6411 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 7.74% | 7.74% | 7.74% |
| DIIs | 0.03% | 0.03% | 0.03% |
| Government | 0.2% | 0.2% | 0.2% |
| Public | 92.03% | 92.03% | 92.03% |
| No. of Shareholders | 6282 | 6273 | 6411 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-01-18 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C04F585E_A569_4719_A703_69143F0B872B_113028.pdf) |
| 2017-01-18 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/C04F585E_A569_4719_A703_69143F0B872B_113028.pdf) |
| 2017-01-13 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3F679FD2_8BA2_49B0_AB99_A6F6AD65EDDD_170205.pdf) |
| 2017-01-13 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/3F679FD2_8BA2_49B0_AB99_A6F6AD65EDDD_170205.pdf) |
| 2016-11-14 | [Standalone Financial Results, Limited Review Report for September 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D94CE3E6_BEB1_4BD0_8F6E_49A52E6D2172_173240.pdf) |
| 2016-11-14 | [Standalone Financial Results, Limited Review Report for September 30, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/11/D94CE3E6_BEB1_4BD0_8F6E_49A52E6D2172_173240.pdf) |
| 2016-11-07 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8B034A80_EE60_4B88_B8C3_F5CAC5F5C0CE_162804.pdf) |
| 2016-11-07 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/11/8B034A80_EE60_4B88_B8C3_F5CAC5F5C0CE_162804.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_TRICOM_2010_2011_27022012025956.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/531675/5316750310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_TRICOM_2009_2010_13092010120000.zip) |

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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 2026-10-13T11:00:07.071Z.