Digilogic Systems Ltd
Incorporated in 2011, Digilogic Systems Ltd. is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radars, etc. for Defense and Aerospace industry.[1]
- Market Cap ₹ 333 Cr.
- Current Price ₹ 115
- High / Low ₹ 134 / 73.0
- Stock P/E 32.6
- Book Value ₹ 37.3
- Dividend Yield 0.00 %
- ROCE 18.7 %
- ROE 14.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 69.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 203 days.
- Working capital days have increased from 92.7 days to 140 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
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 20 | 40 | 56 | 52 | 72 | 77 | |
| 17 | 36 | 50 | 46 | 59 | 62 | |
| Operating Profit | 3 | 4 | 6 | 6 | 14 | 16 |
| OPM % | 14% | 10% | 10% | 11% | 19% | 20% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 1 | 2 | 2 |
| Profit before tax | 1 | 2 | 3 | 3 | 10 | 14 |
| Tax % | 28% | 28% | 27% | 26% | 26% | 24% |
| 1 | 1 | 2 | 2 | 8 | 10 | |
| EPS in Rs | 3.65 | 5.85 | 10.90 | 12.25 | 17.44 | 3.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 11% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 67% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 4 | 6 |
| Reserves | 6 | 7 | 9 | 12 | 29 | 102 |
| 8 | 6 | 11 | 8 | 13 | 4 | |
| 5 | 17 | 13 | 14 | 26 | 24 | |
| Total Liabilities | 21 | 32 | 36 | 36 | 72 | 137 |
| 10 | 10 | 9 | 9 | 9 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 22 | 26 | 27 | 63 | 123 | |
| Total Assets | 21 | 32 | 36 | 36 | 72 | 137 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 3 | 5 | -7 | 5 | -11 | 13 | |
| -5 | -1 | -1 | -1 | -5 | -66 | |
| 1 | -0 | 4 | -4 | 16 | 53 | |
| Net Cash Flow | -1 | 3 | -3 | 0 | -0 | 0 |
| Free Cash Flow | -2 | 3 | -7 | 5 | -12 | -2 |
| CFO/OP | 120% | 134% | -103% | 107% | -56% | 97% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 105 | 43 | 100 | 139 | 221 | 203 |
| Inventory Days | 42 | 110 | 68 | 27 | 86 | 61 |
| Days Payable | 101 | 209 | 103 | 119 | 159 | 134 |
| Cash Conversion Cycle | 46 | -56 | 65 | 47 | 148 | 129 |
| Working Capital Days | -4 | -17 | 22 | 33 | 105 | 140 |
| ROCE % | 17% | 23% | 21% | 35% | 19% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | May 2026 | |
|---|---|---|---|---|
| Application Software Vertical Mix % |
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| Government Revenue Share (B2G) % |
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| Permanent Employees count |
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| Repeat Customer % of Customer Count % |
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| Test Systems Vertical Mix % |
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| Top 3 Customer Concentration % |
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| Order Book INR Crore |
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| Tender Pipeline INR Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Jul - Digilogic Systems received Rs.4.08 crore defence order for satellite checkout assembly, deliverable by March 2027.
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Change In Corporate Identification Number (CIN) Of The Company
11 Jul - CIN changed to listed status after SME listing; MCA master data updated.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24 Jun - Digilogic Systems won Rs.1.60 crore Defence PSU order for static test jig, to complete by February 23, 2027.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Jun - Transcript of Earnings call held on June 01, 2026 on Audited Financial Results of the Company for the year ended March 31, 2026
Concalls
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Jun 2026Transcript PPT REC
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Jan 2026TranscriptAI SummaryPPT
Business Profile[1]
Digilogic Systems Limited is a technology-led defence and aerospace engineering company engaged in the design, development, integration, manufacturing, supply and lifecycle support of Automated Test Equipment (ATE), radar and electronic warfare simulators, application software, and embedded signal processing solutions.