DCX Systems Ltd
Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]
- Market Cap ₹ 3,283 Cr.
- Current Price ₹ 294
- High / Low ₹ 393 / 143
- Stock P/E 39.4
- 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.
Peer comparison
Sector: Aerospace & Defence Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 105% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Feb - Of credit rating under Regulation 30 of SEBI (LODR), Regulations 2015.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Feb - Earnings call transcript for the call held on Friday February 09, 2024 at 11:30 A.M for the un-audited financial results for the quarter and nine …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Feb - News paper Clipping for the publication of un-audited financial results for the quarter and nine months ended 31.12.2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Feb - Audio Recording of the Earnings Conference Call held with respect to the Un-Audited Financial Results for the quarter and nine months ended December 31, 2023.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
8 Feb - Receipt of Purchase Order from M/s. Lockheed Martin Corporation, USA.
Concalls
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
Business Overview:[1]
Company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and are also involved in kitting. They evolved into a highly regarded Indian Offset Partner (“IOP”) for foreign original equipment manufacturers (“OEMs”), particularly in the aerospace and defence manufacturing sector.They are one of the largest Indian Offset Partner (“IOP”) for ELTA Systems Limited and Israel Aerospace Industries Limited, System Missiles and Space Division (together, the “IAI Group”), Israel, for the Indian defence market for manufacture of electronic sub-systems and cable and wire harness assemblies.