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 ₹ 523 Cr.
- Current Price ₹ 181
- High / Low ₹ 215 / 73.0
- Stock P/E 39.1
- Book Value ₹ 39.0
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 14.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 68.4% 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 20 | 40 | 56 | 52 | 72 | 77 | 92 | |
| Sales growth | +100% | +39% | -8% | +40% | +7% | ||
| 17 | 36 | 50 | 46 | 59 | 62 | 74 | |
| Operating Profit | 3 | 4 | 6 | 6 | 14 | 16 | 19 |
| OPM % | 14% | 10% | 10% | 11% | 19% | 20% | 20% |
| 0 | 0 | 0 | 0 | 0 | 1 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 1 | 2 | 2 | 2 |
| Profit before tax | 1 | 2 | 3 | 3 | 11 | 14 | 18 |
| Tax % | 28% | 28% | 27% | 26% | 26% | 24% | |
| 1 | 1 | 2 | 2 | 8 | 10 | 13 | |
| EPS in Rs | 0.36 | 0.58 | 1.09 | 1.22 | 3.49 | 3.60 | 4.63 |
| 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: | 68% |
| 3 Years: | 65% |
| TTM: | 28% |
| 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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 4 | 6 | 6 |
| Reserves | 6 | 7 | 9 | 12 | 29 | 102 | 107 |
| 8 | 6 | 11 | 8 | 13 | 4 | 9 | |
| 5 | 17 | 13 | 14 | 26 | 24 | 19 | |
| Total Liabilities | 21 | 32 | 36 | 36 | 72 | 137 | 141 |
| 10 | 10 | 9 | 9 | 9 | 9 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 22 | 26 | 27 | 63 | 123 | 126 | |
| Total Assets | 21 | 32 | 36 | 36 | 72 | 137 | 141 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 7 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 120% | 134% | -103% | 107% | -56% | 97% |
Ratios
Standalone / View Consolidated
| 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)-Earnings Call Transcript
- Transcript of the Earnings Call held on October 26,2026 on Un-audited Financial Statements (Standalone & Consolidated) of the company for the Half year ended September …
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Monitoring agency report submitted for Q2 FY2026 IPO proceeds utilisation.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Company Secretary and Compliance Officer resigns, effective November 25, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call on unaudited H1 FY2027 results released on October 26, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call on unaudited H1 FY2026-27 results dated October 26, 2026.
Concalls
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Oct 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Jan 2026PPT
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.