DCX Systems Ltd
Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]
- Market Cap ₹ 2,709 Cr.
- Current Price ₹ 244
- High / Low ₹ 452 / 214
- Stock P/E 51.8
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 9.27 %
- ROE 8.08 %
- Face Value ₹ 2.00
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
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.67.8 Cr.
- Company has high debtors of 171 days.
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 1,363 | |
295 | 443 | 631 | 1,035 | 1,170 | 1,353 | 1,334 | |
Operating Profit | 5 | 6 | 10 | 67 | 84 | 70 | 29 |
OPM % | 2% | 1% | 2% | 6% | 7% | 5% | 2% |
9 | 16 | 42 | 22 | 30 | 46 | 68 | |
Interest | 6 | 8 | 10 | 11 | 26 | 28 | 17 |
Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 5 |
Profit before tax | 7 | 13 | 40 | 76 | 86 | 85 | 75 |
Tax % | 37% | 24% | 26% | 13% | 16% | 20% | |
5 | 10 | 30 | 66 | 72 | 68 | 52 | |
EPS in Rs | 13.11 | 27.83 | 84.46 | 8.48 | 7.44 | 6.11 | 4.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 30% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 72% |
3 Years: | 32% |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -21% |
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% |
Documents
Announcements
- Closure of Trading Window 26 Mar
-
Intimation Of Approval Of 2025 Share Option Plan Of Wholly Owned Subsidiary Company.
21 Mar - Approval of 2025 Share Option Plan for NIART.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
18 Mar - Appointment of Mr. Ramegowda Shiva Kumar as Executive Director.
-
Issuance Of Corporate Guarantee For The Bank Facilities Of Wholly Owned Subsidiary Company
4 Mar - Issuance of ₹131 Crores corporate guarantee to Kotak Mahindra Bank.
-
Intimation Of Receipt Of Purchase Order.
25 Feb - Received export purchase order worth INR 4.79 Crores.
Concalls
-
Feb 2025TranscriptNotesPPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT REC
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT REC
Business Overview [1]
DCX Systems Limited is engaged in system integration, cable and wire harness manufacturing, and kitting services for the aerospace and defense sectors. The company is established as a leading Indian Offset Partner (IOP) for global OEMs, particularly in defense electronics. It is one of the largest IOPs for ELTA Systems Limited and Israel Aerospace Industries (IAI Group), Israel, catering to the Indian defense market by manufacturing electronic sub-systems and cable & wire harness assemblies.