DCX Systems Ltd

DCX Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DCX Systems Ltd

₹ 317 1.13%
29 May 12:39 p.m.
dcxindia.com BSE: 543650 NSE: DCXINDIA
About

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

Key Points

Business Overview [1]
DCX Systems Limited is engaged in system integration, cable and wire harness manufacturing, and kitting services for the aerospace and defense sectors. The company is established as a leading Indian Offset Partner (IOP) for global OEMs, particularly in defense electronics. It is one of the largest IOPs for ELTA Systems Limited and Israel Aerospace Industries (IAI Group), Israel, catering to the Indian defense market by manufacturing electronic sub-systems and cable & wire harness assemblies.

Website BSE NSE
  • Market Cap ₹ 3,527 Cr.
  • Current Price ₹ 317
  • High / Low ₹ 452 / 200
  • Stock P/E 90.7
  • Book Value ₹ 123
  • Dividend Yield 0.00 %
  • ROCE 5.10 %
  • ROE 3.11 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 107 to 55.6 days.

Cons

  • Stock is trading at 2.55 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.63% over last 3 years.
  • Earnings include an other income of Rs.80.0 Cr.

* 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

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
374 213 174 356 511 170 309 198 746 138 196 200 550
338 208 164 333 465 162 291 184 708 143 199 197 540
Operating Profit 36 5 10 23 46 8 18 15 38 -5 -4 3 10
OPM % 10% 2% 6% 6% 9% 4% 6% 7% 5% -3% -2% 2% 2%
1 7 6 6 10 11 12 11 16 18 20 18 24
Interest 5 5 7 9 5 7 6 8 9 5 2 2 2
Depreciation 1 0 0 0 0 0 1 2 2 3 3 4 4
Profit before tax 32 6 9 20 50 12 24 16 43 5 11 16 28
Tax % -1% 14% 13% 14% 18% 17% 17% 17% 24% 44% 51% 37% 27%
32 6 8 17 41 10 20 13 33 3 5 10 21
EPS in Rs 4.19 0.72 1.02 1.77 4.25 0.99 2.05 1.38 2.96 0.26 0.47 0.90 1.86
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
641 1,102 1,254 1,424 1,084
631 1,035 1,170 1,344 1,079
Operating Profit 10 67 84 80 5
OPM % 2% 6% 7% 6% 0%
42 22 30 50 80
Interest 10 11 26 30 11
Depreciation 2 2 2 5 13
Profit before tax 40 76 86 95 60
Tax % 26% 13% 16% 20% 36%
30 66 72 76 39
EPS in Rs 84.46 8.48 7.41 6.80 3.49
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -16%
TTM: -49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 15 19 22 22
Reserves 43 102 547 1,104 1,353
136 503 509 291 4
610 322 143 430 525
Total Liabilities 793 943 1,219 1,847 1,904
16 15 15 60 347
CWIP 0 0 5 0 0
Investments 0 0 0 0 0
778 928 1,199 1,787 1,558
Total Assets 793 943 1,219 1,847 1,904

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
114 -134 -590 4
21 21 22 -1
-2 364 364 242
Net Cash Flow 133 251 -204 245

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 7 23 93 171 56
Inventory Days 119 10 75 56 102
Days Payable 77 35 44 109 36
Cash Conversion Cycle 49 -2 123 119 122
Working Capital Days -217 -66 132 131 9
ROCE % 22% 13% 10% 5%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
71.72% 71.72% 71.72% 71.72% 71.72% 62.30% 59.78% 57.13% 56.86% 56.86%
1.75% 0.94% 0.69% 0.07% 0.35% 2.30% 1.28% 0.77% 1.01% 1.17%
11.28% 9.69% 9.29% 8.21% 7.02% 11.19% 8.89% 7.88% 5.39% 4.04%
15.25% 17.63% 18.29% 20.00% 20.90% 24.24% 30.05% 34.24% 36.75% 37.96%
No. of Shareholders 69,31071,99871,59270,80770,96386,6901,11,7461,48,1251,42,6181,42,536

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls