DCX Systems Ltd

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

DCX Systems Ltd

₹ 229 -6.14%
04 Apr - close price
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]
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.

Website BSE NSE
  • Market Cap ₹ 2,551 Cr.
  • Current Price ₹ 229
  • High / Low ₹ 452 / 214
  • Stock P/E 49.9
  • Book Value ₹ 120
  • Dividend Yield 0.00 %
  • ROCE 9.98 %
  • ROE 8.95 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.72.8 Cr.
  • Company has high debtors of 171 days.
  • Working capital days have increased from 65.9 days to 131 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
417 374 213 174 356 511 170 309 198 746 138 196 200
397 338 208 164 333 465 162 291 184 708 143 199 197
Operating Profit 20 36 5 10 23 46 8 18 15 38 -5 -4 3
OPM % 5% 10% 2% 6% 6% 9% 4% 6% 7% 5% -3% -2% 2%
9 1 7 6 6 10 11 12 11 16 18 20 18
Interest 3 5 5 7 9 5 7 6 8 9 5 2 2
Depreciation 1 1 0 0 0 0 0 1 2 2 3 3 4
Profit before tax 26 32 6 9 20 50 12 24 16 43 5 11 16
Tax % 31% -1% 14% 13% 14% 18% 17% 17% 17% 24% 44% 51% 37%
18 32 6 8 17 41 10 20 13 33 3 5 10
EPS in Rs 52.03 4.19 0.72 1.02 1.77 4.25 0.99 2.05 1.38 2.96 0.26 0.47 0.90
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
641 1,102 1,254 1,424 1,280
631 1,035 1,170 1,344 1,248
Operating Profit 10 67 84 80 32
OPM % 2% 6% 7% 6% 3%
42 22 30 50 73
Interest 10 11 26 30 18
Depreciation 2 2 2 5 12
Profit before tax 40 76 86 95 75
Tax % 26% 13% 16% 20%
30 66 72 76 51
EPS in Rs 84.46 8.48 7.41 6.80 4.59
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 37%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -28%
Return on Equity
10 Years: %
5 Years: %
3 Years: 17%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 15 19 22 22
Reserves 43 102 547 1,104 1,317
136 503 509 291 73
610 322 143 430 608
Total Liabilities 793 943 1,219 1,847 2,020
16 15 15 60 328
CWIP 0 0 5 0 0
Investments 0 0 0 0 0
778 928 1,199 1,787 1,692
Total Assets 793 943 1,219 1,847 2,020

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
114 -134 -590 4
21 21 22 -1
-2 364 364 242
Net Cash Flow 133 251 -204 245

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 23 93 171
Inventory Days 119 10 75 56
Days Payable 77 35 44 109
Cash Conversion Cycle 49 -2 123 119
Working Capital Days -217 -66 132 131
ROCE % 22% 13% 10%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
71.72% 71.72% 71.72% 71.72% 71.72% 62.30% 59.78% 57.13% 56.86%
1.75% 0.94% 0.69% 0.07% 0.35% 2.30% 1.28% 0.77% 1.01%
11.28% 9.69% 9.29% 8.21% 7.02% 11.19% 8.89% 7.88% 5.39%
15.25% 17.63% 18.29% 20.00% 20.90% 24.24% 30.05% 34.24% 36.75%
No. of Shareholders 69,31071,99871,59270,80770,96386,6901,11,7461,48,1251,42,618

* 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

Credit ratings

Concalls