Digidrive Distributors Ltd
Incorporated in 2022, Digidrive Distributors
Ltd is in E-Commerce distribution business
of Music storage device, viz. Carvaan, and
its variants[1]
- Market Cap ₹ 184 Cr.
- Current Price ₹ 47.8
- High / Low ₹ 125 / 30.8
- Stock P/E 37.4
- Book Value ₹ 58.6
- Dividend Yield 0.00 %
- ROCE 3.51 %
- ROE 2.50 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.84 times its book value
- Company's working capital requirements have reduced from 89.4 days to 44.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.7.76 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: E-Commerce/App based Aggregator Industry: Trading
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 42.93 | 47.63 | 50.94 | |
| 43.55 | 48.93 | 51.48 | |
| Operating Profit | -0.62 | -1.30 | -0.54 |
| OPM % | -1.44% | -2.73% | -1.06% |
| 7.43 | 7.39 | 7.76 | |
| Interest | 0.06 | 0.03 | 0.02 |
| Depreciation | 0.42 | 0.39 | 0.39 |
| Profit before tax | 6.33 | 5.67 | 6.81 |
| Tax % | 26.54% | 28.57% | |
| 4.65 | 4.05 | 4.92 | |
| EPS in Rs | 1.05 | 1.27 | |
| Dividend Payout % | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
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| 3 Years: | % |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Equity Capital | 0.00 | 38.56 |
| Reserves | 97.01 | 187.27 |
| 0.44 | 0.09 | |
| 49.05 | 25.29 | |
| Total Liabilities | 146.50 | 251.21 |
| 0.53 | 0.17 | |
| CWIP | 0.00 | 0.00 |
| Investments | 122.06 | 220.94 |
| 23.91 | 30.10 | |
| Total Assets | 146.50 | 251.21 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -8.58 | 7.62 | |
| 14.62 | -2.85 | |
| -0.44 | -0.38 | |
| Net Cash Flow | 5.61 | 4.38 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 27.29 | 30.65 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 27.29 | 30.65 |
| Working Capital Days | 134.76 | 44.06 |
| ROCE % | 3.51% |
Business Overview:[1][2]
a) DDL is a part of the RP Sanjiv Goenka Group company based in Kolkata.
b) It is a master distributor for retailing goods on digital marketplaces.
c) Company’s marketplace provides customizable online store front solutions on a scalable platform, including mobile applications, digital product catalogue, content management, promotions handling, access to payment gateways and fulfilment services.
d) The marketplace enables merchants
to access customers across multiple sales channels and provides cost-effective marketing and distribution solutions.
e) It provides end-to-end distribution services, including proper inventory management, streamlined order processing and fulfillment.
f) Through their subsidiary Open Media Network Private Limited, they publish their own weekly current affairs and feature magazine “OPEN”.