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 ₹ 281 Cr.
- Current Price ₹ 97.0
- High / Low ₹ 107 / 73.0
- Stock P/E 36.2
- 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 | |
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| Revenue Contribution - Application Software % |
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| Revenue Contribution - Test Systems % |
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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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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.
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Company Update - Press Release
13 Apr - Digilogic held Bhoomi Pooja for Project Udaan in Hyderabad; ₹59.68 crore facility expected by December 2027.
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Intimation Of Receipt Of Purchase Order
10 Apr - Received Rs.115 lakh purchase order from Defence PSU for TRM characterization facility supply and commissioning.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
9 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015
28 Mar - ROC Telangana issued SCNs (Mar 27, 2026) over procedural lapses in three FY2024-25 private placements; potential Rs.2 crore penalties.
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.