DCX Systems Ltd
Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]
- Market Cap ₹ 4,293 Cr.
- Current Price ₹ 386
- High / Low ₹ 452 / 235
- Stock P/E 56.7
- Book Value ₹ 101
- Dividend Yield 0.00 %
- ROCE 10.0 %
- ROE 8.95 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 3.82 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.51%
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.49.6 Cr.
- Company has high debtors of 171 days.
- Working capital days have increased from 65.5 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
641 | 1,102 | 1,254 | 1,424 | |
631 | 1,035 | 1,170 | 1,344 | |
Operating Profit | 10 | 67 | 84 | 80 |
OPM % | 2% | 6% | 7% | 6% |
42 | 22 | 30 | 50 | |
Interest | 10 | 11 | 26 | 30 |
Depreciation | 2 | 2 | 2 | 5 |
Profit before tax | 40 | 76 | 86 | 95 |
Tax % | 26% | 13% | 16% | 20% |
30 | 66 | 72 | 76 | |
EPS in Rs | 84.46 | 8.48 | 7.44 | 6.80 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 30% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 37% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 45% |
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 | |
---|---|---|---|---|
Equity Capital | 4 | 15 | 19 | 22 |
Reserves | 43 | 102 | 548 | 1,104 |
136 | 503 | 504 | 291 | |
610 | 322 | 141 | 430 | |
Total Liabilities | 793 | 943 | 1,212 | 1,847 |
16 | 15 | 15 | 60 | |
CWIP | 0 | 0 | 2 | 0 |
Investments | 0 | 0 | 7 | 0 |
778 | 928 | 1,188 | 1,787 | |
Total Assets | 793 | 943 | 1,212 | 1,847 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
114 | -134 | -586 | 4 | |
21 | 21 | 19 | -1 | |
-2 | 364 | 358 | 242 | |
Net Cash Flow | 133 | 251 | -209 | 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 | 124 | 119 |
Working Capital Days | -217 | -66 | 131 | 131 |
ROCE % | 22% | 13% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
19 Jul - Appointment of Mr. Prakash Nagabushan as an Additional Independent Director of the Company with effect from August 01, 2024, for a period of 5 years …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2024.
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Announcement under Regulation 30 (LODR)-Demise
9 Jul - Demise of Mr. Panchangam Nagashayana, Independent Director of the Company.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Jul - Purchase order from L&T Limited, India.
- Closure of Trading Window 28 Jun
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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.