DCX Systems Ltd

DCX Systems Ltd

₹ 318 -3.91%
21 Feb 4:13 p.m.
About

Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]

Key Points

Business Overview:[1]
Company provides end-to-end solutions of cable & wire harnesses, electronic subsystems, high-end System Integration and PCB Assembly for Defence & Aerospace Industry. Its core competency is in electronics manufacturing with focus on backward integration in PCBA’s through 100% subsidiary, Raneal Advanced Systems both for captive consumption and other markets

  • Market Cap 3,547 Cr.
  • Current Price 318
  • High / Low 393 / 138
  • Stock P/E 42.6
  • Book Value 61.3
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 20.9 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.5%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -9.44%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.44.1 Cr.
  • Debtor days have increased from 41.0 to 93.0 days.
  • Working capital days have increased from -50.3 days to 132 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
213 417 374 213 174 356 511 170 309 198
208 397 338 208 164 333 465 162 290 187
Operating Profit 5 20 36 5 10 23 46 8 19 11
OPM % 2% 5% 10% 2% 6% 6% 9% 5% 6% 5%
7 9 1 7 6 6 10 11 12 11
Interest 5 3 5 5 7 9 5 7 6 7
Depreciation 0 1 1 0 0 0 0 0 0 1
Profit before tax 7 26 32 7 9 20 50 12 24 14
Tax % 13% 31% -1% 13% 13% 13% 18% 16% 16% 16%
6 18 32 6 8 17 41 10 20 12
EPS in Rs 16.49 52.03 4.19 0.74 1.02 1.79 4.25 1.02 2.11 1.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
300 449 641 1,102 1,254 1,188
295 443 631 1,035 1,170 1,104
Operating Profit 5 6 10 67 84 84
OPM % 2% 1% 2% 6% 7% 7%
9 16 42 22 30 44
Interest 6 8 10 11 26 25
Depreciation 1 1 2 2 2 2
Profit before tax 7 13 40 76 86 101
Tax % 37% 24% 26% 13% 16%
5 10 30 66 72 83
EPS in Rs 13.11 27.83 84.46 8.48 7.41 8.61
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 94%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 91%
Return on Equity
10 Years: %
5 Years: %
3 Years: 37%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 15 19 19
Reserves 4 14 43 102 547 573
110 134 136 503 509 409
371 548 610 322 143 91
Total Liabilities 489 699 793 943 1,219 1,092
6 17 16 15 15 26
CWIP 3 0 0 0 5 0
Investments 4 0 0 0 0 3
476 682 778 928 1,199 1,062
Total Assets 489 699 793 943 1,219 1,092

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
121 130 114 -134 -590
7 8 21 21 22
38 19 -2 364 364
Net Cash Flow 166 157 133 251 -204

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 122 71 7 23 93
Inventory Days 8 69 119 10 75
Days Payable 96 135 77 35 44
Cash Conversion Cycle 34 6 49 -2 123
Working Capital Days -188 -229 -217 -66 132
ROCE % 15% 30% 22% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
71.72% 71.72% 71.72% 71.72% 71.72% 62.30%
1.75% 0.94% 0.69% 0.07% 0.35% 6.75%
11.28% 9.69% 9.29% 8.21% 7.02% 11.47%
15.25% 17.63% 18.29% 20.00% 20.90% 19.49%
No. of Shareholders 69,31071,99871,59270,80770,96371,059

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents