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 ₹ 292 Cr.
- Current Price ₹ 101
- High / Low ₹ 107 / 73.0
- Stock P/E 37.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 35.0 %
- ROE 33.2 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
Cons
- Company has high debtors of 221 days.
- Working capital days have increased from 53.3 days to 105 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 | |
|---|---|---|---|---|---|
| 20.04 | 40.15 | 55.96 | 51.56 | 72.06 | |
| 17.20 | 36.16 | 50.38 | 45.83 | 58.56 | |
| Operating Profit | 2.84 | 3.99 | 5.58 | 5.73 | 13.50 |
| OPM % | 14.17% | 9.94% | 9.97% | 11.11% | 18.73% |
| 0.09 | 0.17 | 0.15 | 0.15 | 0.13 | |
| Interest | 0.92 | 1.00 | 1.25 | 1.31 | 1.43 |
| Depreciation | 1.01 | 1.54 | 1.50 | 1.28 | 1.71 |
| Profit before tax | 1.00 | 1.62 | 2.98 | 3.29 | 10.49 |
| Tax % | 28.00% | 28.40% | 26.51% | 25.53% | 25.93% |
| 0.73 | 1.17 | 2.18 | 2.45 | 7.76 | |
| EPS in Rs | 3.65 | 5.85 | 10.90 | 12.25 | 17.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 91% |
| TTM: | 219% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 4.45 | 4.45 |
| Reserves | 5.74 | 6.91 | 9.09 | 11.54 | 28.72 | 30.62 |
| 8.25 | 5.62 | 10.92 | 8.11 | 13.34 | 22.04 | |
| 4.56 | 17.40 | 13.49 | 13.92 | 25.76 | 7.42 | |
| Total Liabilities | 20.55 | 31.93 | 35.50 | 35.57 | 72.27 | 64.53 |
| 10.18 | 10.27 | 9.11 | 8.71 | 8.94 | 9.65 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.37 | 21.66 | 26.39 | 26.86 | 63.33 | 54.32 | |
| Total Assets | 20.55 | 31.93 | 35.50 | 35.57 | 72.27 | 64.53 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2.93 | 4.95 | -6.65 | 5.49 | -10.51 | |
| -4.54 | -1.42 | -0.63 | -1.37 | -5.13 | |
| 0.56 | -0.34 | 4.08 | -4.11 | 15.63 | |
| Net Cash Flow | -1.05 | 3.19 | -3.20 | 0.01 | -0.01 |
| Free Cash Flow | -1.80 | 3.40 | -6.99 | 4.64 | -12.45 |
| CFO/OP | 120% | 134% | -103% | 107% | -56% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 105.09 | 43.18 | 100.12 | 138.82 | 221.20 |
| Inventory Days | 41.99 | 109.61 | 68.40 | 26.98 | 85.66 |
| Days Payable | 101.31 | 208.84 | 103.18 | 119.26 | 158.72 |
| Cash Conversion Cycle | 45.78 | -56.05 | 65.34 | 46.54 | 148.13 |
| Working Capital Days | -3.64 | -16.73 | 21.85 | 33.13 | 104.80 |
| ROCE % | 16.64% | 23.15% | 20.93% | 34.98% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Revenue Contribution - Application Software % |
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| Revenue Contribution - Test Systems % |
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| Top 10 Customer Concentration % of Revenue |
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| Geographic Concentration - Domestic Revenue % |
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| India Critical TMS Market Share % |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Audited Financial Results Of The Company For The Half Year And Financial Year Ended March 31 2026.
30m - Board meeting on May 30, 2026 to approve audited H1 and FY2026 financial results; trading window closed.
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Proposed Incorporation Of A Subsidiary Company
16 May - Board approved incorporation of Abhedhya Systems Private Limited on May 16, 2026 with Rs.4 lakh initial investment.
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Announcement Under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Brickwork issued Q4 FY26 monitoring report on ₹80.99 crore IPO proceeds; no deviation found.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015
4 May - Regional Director set aside ROC Hyderabad penalties on 04.05.2026, absolving Digilogic and directors.
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Company Has Received Adjudication Orders From Registrar Of Companies Hyderabad
23 Apr - ROC Hyderabad imposes penalties up to Rs 2 crore for Section 42 defaults; company to appeal.
Concalls
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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.