DCX Systems Ltd

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

DCX Systems Ltd

₹ 320 0.96%
22 Nov - 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]
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 ₹ 3,570 Cr.
  • Current Price ₹ 320
  • High / Low ₹ 452 / 235
  • Stock P/E 65.5
  • 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

  • Stock is trading at 2.67 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.65.6 Cr.
  • Company has high debtors of 171 days.
  • Company's cost of borrowing seems high
  • 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 Industrials BSE Allcap Nifty Microcap 250 Nifty Total Market BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
213.25 417.18 374.04 213.25 173.89 355.95 510.55 170.10 309.12 198.16 746.20 138.08 195.62
208.34 397.05 337.56 208.34 163.99 332.94 464.70 162.49 290.68 183.55 708.32 142.89 199.42
Operating Profit 4.91 20.13 36.48 4.91 9.90 23.01 45.85 7.61 18.44 14.61 37.88 -4.81 -3.80
OPM % 2.30% 4.83% 9.75% 2.30% 5.69% 6.46% 8.98% 4.47% 5.97% 7.37% 5.08% -3.48% -1.94%
7.00 9.47 1.05 7.00 6.43 6.41 9.72 11.37 12.32 11.01 16.30 18.32 20.00
Interest 4.98 2.71 5.01 4.98 6.78 9.15 4.73 6.99 6.33 7.70 8.78 5.41 2.24
Depreciation 0.46 0.56 0.57 0.46 0.48 0.48 0.40 0.47 0.60 1.79 2.27 2.81 3.31
Profit before tax 6.47 26.33 31.95 6.47 9.07 19.79 50.44 11.52 23.83 16.13 43.13 5.29 10.65
Tax % 13.91% 30.80% -1.47% 13.91% 13.23% 13.54% 18.46% 16.67% 16.74% 17.05% 23.60% 44.42% 51.08%
5.57 18.21 32.41 5.57 7.88 17.11 41.13 9.60 19.85 13.38 32.95 2.94 5.22
EPS in Rs 15.91 52.03 4.19 0.72 1.02 1.77 4.25 0.99 2.05 1.38 2.96 0.26 0.47
Raw PDF

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 1,278
631 1,035 1,170 1,344 1,234
Operating Profit 10 67 84 80 44
OPM % 2% 6% 7% 6% 3%
42 22 30 50 66
Interest 10 11 26 30 24
Depreciation 2 2 2 5 10
Profit before tax 40 76 86 95 75
Tax % 26% 13% 16% 20%
30 66 72 76 54
EPS in Rs 84.46 8.48 7.41 6.80 5.07
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 37%
TTM: -38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -13%
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 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