Digidrive Distributors Ltd
Incorporated in 2022, Digidrive Distributors
Ltd is in E-Commerce distribution business
of Music storage device, viz. Carvaan, and
its variants[1]
- Market Cap ₹ 117 Cr.
- Current Price ₹ 30.5
- High / Low ₹ 55.0 / 27.6
- Stock P/E 17.2
- Book Value ₹ 91.2
- Dividend Yield 0.00 %
- ROCE 3.51 %
- ROE 2.50 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.33 times its book value
- Company's working capital requirements have reduced from 89.4 days to 44.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.8.08 Cr.
* 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: E-Commerce/App based Aggregator Industry: Trading
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 42.93 | 47.63 | 49.96 | |
| 43.55 | 48.93 | 48.82 | |
| Operating Profit | -0.62 | -1.30 | 1.14 |
| OPM % | -1.44% | -2.73% | 2.28% |
| 7.43 | 7.39 | 8.08 | |
| Interest | 0.06 | 0.03 | 0.05 |
| Depreciation | 0.42 | 0.39 | 0.40 |
| Profit before tax | 6.33 | 5.67 | 8.77 |
| Tax % | 26.54% | 28.57% | |
| 4.65 | 4.05 | 6.79 | |
| EPS in Rs | 1.05 | 1.75 | |
| Dividend Payout % | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 0.00 | 38.56 | 38.56 |
| Reserves | 97.01 | 187.27 | 312.94 |
| 0.44 | 0.09 | 0.99 | |
| 49.05 | 25.29 | 43.47 | |
| Total Liabilities | 146.50 | 251.21 | 395.96 |
| 0.53 | 0.17 | 1.07 | |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 122.06 | 220.94 | 373.77 |
| 23.91 | 30.10 | 21.12 | |
| Total Assets | 146.50 | 251.21 | 395.96 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -8.58 | 7.62 | |
| 14.62 | -2.85 | |
| -0.44 | -0.38 | |
| Net Cash Flow | 5.61 | 4.38 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 27.29 | 30.65 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 27.29 | 30.65 |
| Working Capital Days | 134.76 | 44.06 |
| ROCE % | 3.51% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Of Newspaper Publication of Unaudited Financial Results(Standalone and Consolidated) for quarter and nine months ended on December 31, 2024.
-
Integrated Filing (Financial)
14 Feb - Integrated filing of unaudited financial results for Q3 2024.
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
14 Feb - Board approved unaudited financial results for Q3 2024.
-
Board Meeting Outcome for Outcome Of Board Meeting
14 Feb - Approved unaudited financial results for Q3 FY 2024-25.
-
Financial Results - December 31, 2024.
14 Feb - Board approved Q3 financial results and updated insider trading code.
Business Overview:[1][2]
a) DDL is a part of the RP Sanjiv Goenka Group company based in Kolkata.
b) It is a master distributor for retailing goods on digital marketplaces.
c) Company’s marketplace provides customizable online store front solutions on a scalable platform, including mobile applications, digital product catalogue, content management, promotions handling, access to payment gateways and fulfilment services.
d) The marketplace enables merchants
to access customers across multiple sales channels and provides cost-effective marketing and distribution solutions.
e) It provides end-to-end distribution services, including proper inventory management, streamlined order processing and fulfillment.
f) Through their subsidiary Open Media Network Private Limited, they publish their own weekly current affairs and feature magazine “OPEN”.