DCX Systems Ltd
Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]
- Market Cap ₹ 3,604 Cr.
- Current Price ₹ 323
- High / Low ₹ 393 / 178
- Stock P/E 42.9
- Book Value ₹ 61.2
- Dividend Yield 0.00 %
- ROCE 13.2 %
- ROE 21.0 %
- Face Value ₹ 2.00
Pros
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.44.4 Cr.
- Debtor days have increased from 41.0 to 93.0 days.
- Working capital days have increased from -50.7 days to 131 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|
| 641 | 1,102 | 1,254 | 1,188 | |
| 631 | 1,035 | 1,170 | 1,101 | |
| Operating Profit | 10 | 67 | 84 | 87 |
| OPM % | 2% | 6% | 7% | 7% |
| 42 | 22 | 30 | 44 | |
| Interest | 10 | 11 | 26 | 26 |
| Depreciation | 2 | 2 | 2 | 3 |
| Profit before tax | 40 | 76 | 86 | 102 |
| Tax % | 26% | 13% | 16% | |
| 30 | 66 | 72 | 84 | |
| EPS in Rs | 84.46 | 8.48 | 7.44 | 8.67 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 70% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 4 | 15 | 19 | 19 |
| Reserves | 43 | 102 | 548 | 572 |
| 136 | 503 | 504 | 434 | |
| 610 | 322 | 141 | 92 | |
| Total Liabilities | 793 | 943 | 1,212 | 1,118 |
| 16 | 15 | 15 | 43 | |
| CWIP | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 7 | 0 |
| 778 | 928 | 1,188 | 1,075 | |
| Total Assets | 793 | 943 | 1,212 | 1,118 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 114 | -134 | -586 | |
| 21 | 21 | 19 | |
| -2 | 364 | 358 | |
| Net Cash Flow | 133 | 251 | -209 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 7 | 23 | 93 |
| Inventory Days | 119 | 10 | 75 |
| Days Payable | 77 | 35 | 44 |
| Cash Conversion Cycle | 49 | -2 | 124 |
| Working Capital Days | -217 | -66 | 131 |
| ROCE % | 22% | 13% |
Documents
Announcements
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Compliance- Certificate For The Year Ended March 31, 2024.
16 Apr - Compliance Certificate- regulation 7(3) of SEBI (LODR) Regulation 2015 received from the RTA Link Intime India Pvt Ltd.
- Details Of Key Managerial Personnel Authorised To Determine Materiality Of An Event Or Information. 16 Apr
- Certificate Under Regulation 40 (9) And 40 (10) Of SEBI (LODR) Regulations, 2015 16 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Change in Management
10 Apr - Appointment of Chief Financial Officer and Key Managerial Personnel- Mr. Diwakaraiah N J with effect from April 11, 2024.
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.