DCX Systems Ltd

DCX Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DCX Systems Ltd

₹ 317 0.83%
21 Nov 4:00 p.m.
dcxindia.com BSE: 543650 NSE: DCXINDIA
About

Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]

Key Points

Business Overview:[1]
Company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and are also involved in kitting. They evolved into a highly regarded Indian Offset Partner (“IOP”) for foreign original equipment manufacturers (“OEMs”), particularly in the aerospace and defence manufacturing sector.They are one of the largest Indian Offset Partner (“IOP”) for ELTA Systems Limited and Israel Aerospace Industries Limited, System Missiles and Space Division (together, the “IAI Group”), Israel, for the Indian defence market for manufacture of electronic sub-systems and cable and wire harness assemblies.

Website BSE NSE
  • Market Cap ₹ 3,539 Cr.
  • Current Price ₹ 317
  • High / Low ₹ 452 / 235
  • Stock P/E 67.3
  • Book Value ₹ 102
  • Dividend Yield 0.00 %
  • ROCE 9.27 %
  • ROE 8.08 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 71.6% CAGR over last 5 years

Cons

  • Stock is trading at 3.12 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.66%
  • Earnings include an other income of Rs.61.5 Cr.
  • Company has high debtors of 171 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 64.5 days to 128 days

* 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

Sector: Aerospace & Defence Industry: Electronics - Components

Part of BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
213 417 374 213 174 356 511 170 309 198 746 138 195
208 397 338 208 164 333 465 162 290 187 716 141 197
Operating Profit 5 20 36 5 10 23 46 8 19 11 30 -3 -1
OPM % 2% 5% 10% 2% 6% 6% 9% 5% 6% 5% 4% -2% -1%
7 9 1 7 6 6 10 11 12 11 14 16 20
Interest 5 3 5 5 7 9 5 7 6 7 8 5 2
Depreciation 0 1 1 0 0 0 0 0 0 1 1 1 1
Profit before tax 7 26 32 7 9 20 50 12 24 14 35 7 16
Tax % 13% 31% -1% 13% 13% 13% 18% 16% 16% 16% 26% 34% 35%
6 18 32 6 8 17 41 10 20 12 26 5 10
EPS in Rs 16.49 52.03 4.19 0.74 1.02 1.79 4.25 1.02 2.11 1.23 2.33 0.40 0.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
300 449 641 1,102 1,254 1,423 1,278
295 443 631 1,035 1,170 1,353 1,241
Operating Profit 5 6 10 67 84 70 37
OPM % 2% 1% 2% 6% 7% 5% 3%
9 16 42 22 30 46 62
Interest 6 8 10 11 26 28 22
Depreciation 1 1 2 2 2 2 4
Profit before tax 7 13 40 76 86 85 72
Tax % 37% 24% 26% 13% 16% 20%
5 10 30 66 72 68 53
EPS in Rs 13.11 27.83 84.46 8.48 7.44 6.11 4.88
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 30%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 72%
3 Years: 32%
TTM: -41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 16%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 4 15 19 22 22
Reserves 4 14 43 102 548 1,097 1,111
110 134 136 503 504 265 64
371 548 610 322 141 418 567
Total Liabilities 489 699 793 943 1,212 1,802 1,765
6 17 16 15 15 32 189
CWIP 3 0 0 0 2 0 0
Investments 4 0 0 0 7 13 4
476 682 778 928 1,188 1,757 1,571
Total Assets 489 699 793 943 1,212 1,802 1,765

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
121 130 114 -134 -586 1
7 8 21 21 19 19
38 19 -2 364 358 223
Net Cash Flow 166 157 133 251 -209 243

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 122 71 7 23 93 171
Inventory Days 8 69 119 10 75 34
Days Payable 96 135 77 35 44 104
Cash Conversion Cycle 34 6 49 -2 124 101
Working Capital Days -188 -229 -217 -66 131 128
ROCE % 15% 30% 22% 13% 9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.72% 71.72% 71.72% 71.72% 71.72% 62.30% 59.78% 57.13%
1.75% 0.94% 0.69% 0.07% 0.35% 2.30% 1.28% 0.77%
11.28% 9.69% 9.29% 8.21% 7.02% 11.19% 8.89% 7.88%
15.25% 17.63% 18.29% 20.00% 20.90% 24.24% 30.05% 34.24%
No. of Shareholders 69,31071,99871,59270,80770,96386,6901,11,7461,48,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls