ADTECH SYSTEMS LIMITED · CashKonnect

About

Adtech Systems Limited provides a range of electronic security solutions in India. The company offers electronic article surveillance systems; retail display security solutions; point of sale solutions and cases; digital locks; RFID solutions; electronic shelf labeling solutions; and footfall counting systems. It also engages in the design and manufacture of IP surveillance solutions; CCTV cellular routers; sensors and gateways; intelligent IP video systems; video management system software; enterprise management servers and the enterprise manager software; network video recorders; live video monitoring stations; IP cameras; storage devices; video surveillance accessories; and cloud services. In addition, the company offers building management systems; and offers smart home solutions, including smart hubs, smart lighting, smart sensors, smart locks, and smart thermostats. The company was incorporated in 1990 and is based in Thiruvananthapuram, India. Adtech Systems Limited is a subsidiary of Tops Security Limited.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	13.19	15.96	8.02	13.58	8.79	11.95	11.51	14.32	9.97	13.71	14.48	15.05	11.82
Expenses	13.87	15.36	7.47	11.33	7.93	11.03	9.87	12.01	8.44	13.91	12.13	12.33	10.90
Operating Profit	-0.68	0.60	0.55	2.25	0.86	0.92	1.64	2.31	1.53	-0.20	2.35	2.72	0.92
OPM %	-5.16	3.76	6.86	16.57	9.78	7.70	14.25	16.13	15.35	-1.46	16.23	18.07	7.78
Other Income	0.38	0.43	0.30	0.31	0.28	0.38	0.26	0.29	-0.51	1.01	0.22	0.24	0.20
Depreciation	0.16	0.16	0.16	0.17	0.17	0.17	0.17	0.15	0.25	0.27	0.27	0.27	0.26
Interest	0.06	0.01	0.03	0.02	0.08	0.01	0.04	0.04	0.18	0.22	0.26	0.27	0.28
Profit before tax	-0.52	0.86	0.66	2.37	0.89	1.12	1.69	2.41	0.59	0.32	2.04	2.42	0.58
Tax %	0.00	43.02	25.76	25.32	24.72	23.21	24.85	25.31	25.42	-15.62	25.00	25.21	25.86
Net Profit	-0.52	0.49	0.50	1.78	0.66	0.87	1.26	1.81	0.44	0.37	1.53	1.82	0.44
EPS in Rs	-0.44	0.41	0.42	1.49	0.55	0.73	1.06	1.52	0.37	0.31	1.28	1.53	0.37

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2017
Sales	46.35	47.75	55.06	61.09	79.36	36.01
Expenses	42.09	41.35	49.26	54.42	75.05	33.18
Operating Profit	4.26	6.40	5.80	6.67	4.31	2.83
OPM %	9.19	13.40	10.53	10.92	5.43	7.86
Other Income	1.32	0.42	1.67	0.90	0.93	0.71
Interest	0.14	0.27	1.03	1.76	1.99	0.03
Depreciation	0.65	0.73	1.07	1.02	1.25	0.12
Profit before tax	4.79	5.82	5.37	4.79	2.00	3.39
Tax %	28.39	24.74	22.72	24.84	19.00	33.04
Net Profit	3.42	4.38	4.15	3.59	1.61	2.27
EPS in Rs	2.87	3.68	3.48	3.01	1.35	—
Dividend Payout %	38.31	28.11	29.66	34.29	38.23	30.62

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2017
Equity Capital	12.31	12.31	12.31	12.31	12.31	2.78
Reserves	41.69	39.58	36.39	33.43	31.03	29.61
Borrowings	0.00	0.00	3.91	11.57	20.52	1.55
Other Liabilities	13.37	9.68	8.61	11.10	15.28	12.89
Total Liabilities	67.37	61.57	61.22	68.41	79.14	46.83
Fixed Assets	11.34	11.24	12.43	13.30	14.40	2.16
CWIP	0.00	0.00	0.00	0.00	0.00	0.00
Investments	3.50	0.00	0.00	0.00	0.00	5.20
Other Assets	52.53	50.33	48.79	55.11	64.74	39.47
Total Assets	67.37	61.57	61.22	68.41	79.14	46.83

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Cash from Operating Activity	6.40	8.22	4.14	11.25
Cash from Investing Activity	-0.36	0.04	1.62	-0.90
Cash from Financing Activity	-4.61	-9.21	-11.29	-5.82
Net Cash Flow	1.43	-0.95	-5.54	4.54
Free Cash Flow	6.15	8.56	3.85	11.33
CFO/OP %	126.00	164.00	81.00	271.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2017
Debtor Days	140.80	142.64	125.42	122.90	122.53	106.63
Inventory Days	168.35	142.88	124.31	125.30	60.10	155.66
Days Payable	88.36	40.50	39.32	46.36	67.76	72.39
Cash Conversion Cycle	220.79	245.03	210.41	201.84	114.87	189.90
Working Capital Days	276.33	254.16	204.91	158.87	76.07	181.74
ROCE %	9.31	12.92	10.30	10.78	—	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024
Promoters	67.88	67.88	67.88	67.88	67.88	67.88	67.88	67.88	67.88
DIIs	0.84	0.84	0.84	0.84	0.84	0.84	0.84	0.84	0.84
Public	31.28	31.28	31.27	31.28	31.29	31.29	31.29	31.29	31.29
No. of Shareholders	2,943	3,093	3,117	3,057	1,973	1,972	1,955	1,741	568