DRC Systems India Ltd
Incorporated in 2012, DRC Systems
India Ltd is an IT services and Consultancy company[1]
- Market Cap ₹ 256 Cr.
- Current Price ₹ 19.3
- High / Low ₹ 23.7 / 11.6
- Stock P/E 82.5
- Book Value ₹ 2.58
- Dividend Yield 0.00 %
- ROCE 23.5 %
- ROE 21.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 109 to 71.1 days.
Cons
- Stock is trading at 7.49 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 22.4%
- Earnings include an other income of Rs.4.07 Cr.
- Promoter holding has decreased over last 3 years: -6.11%
- Working capital days have increased from 65.0 days to 97.2 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: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
6.62 | 9.59 | 10.87 | 20.59 | 19.50 | 21.82 | 29.34 | |
6.13 | 9.28 | 11.20 | 19.05 | 17.22 | 18.57 | 27.32 | |
Operating Profit | 0.49 | 0.31 | -0.33 | 1.54 | 2.28 | 3.25 | 2.02 |
OPM % | 7.40% | 3.23% | -3.04% | 7.48% | 11.69% | 14.89% | 6.88% |
0.10 | 0.09 | 0.76 | 0.12 | 0.33 | 4.23 | 4.07 | |
Interest | 0.00 | 0.01 | 0.11 | 0.06 | 0.08 | 0.63 | 0.06 |
Depreciation | 0.27 | 0.28 | 0.26 | 2.21 | 1.32 | 1.18 | 2.13 |
Profit before tax | 0.32 | 0.11 | 0.06 | -0.61 | 1.21 | 5.67 | 3.90 |
Tax % | 25.00% | 27.27% | 83.33% | 21.31% | 41.32% | 25.75% | |
0.24 | 0.09 | 0.01 | -0.48 | 0.70 | 4.20 | 3.10 | |
EPS in Rs | -0.04 | 0.06 | 0.32 | 0.24 | |||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
TTM: | 43% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 649% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1.35 | 1.35 | 2.25 | 3.87 | 3.87 | 4.39 | 4.39 |
Reserves | 0.76 | 0.66 | 0.15 | 1.84 | 2.92 | 27.32 | 29.73 |
0.00 | 0.00 | 0.00 | 0.00 | 15.15 | 0.00 | 0.00 | |
0.83 | 31.38 | 2.78 | 8.72 | 3.01 | 4.75 | 6.67 | |
Total Liabilities | 2.94 | 33.39 | 5.18 | 14.43 | 24.95 | 36.46 | 40.79 |
0.59 | 0.83 | 0.31 | 3.21 | 2.70 | 4.63 | 9.40 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 1.20 | 0.00 | 0.00 | 0.00 | 14.40 | 20.00 | 20.00 |
1.15 | 32.56 | 4.87 | 11.22 | 7.85 | 11.83 | 11.39 | |
Total Assets | 2.94 | 33.39 | 5.18 | 14.43 | 24.95 | 36.46 | 40.79 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
0.77 | -0.81 | -0.27 | 0.83 | -1.07 | 1.83 | |
-0.82 | 0.76 | 0.01 | 0.40 | -15.21 | -4.52 | |
0.00 | 0.00 | 0.00 | -0.05 | 15.08 | 4.25 | |
Net Cash Flow | -0.05 | -0.04 | -0.26 | 1.18 | -1.20 | 1.56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 34.18 | 66.99 | 122.56 | 143.94 | 111.93 | 71.09 |
Inventory Days | ||||||
Days Payable | ||||||
Cash Conversion Cycle | 34.18 | 66.99 | 122.56 | 143.94 | 111.93 | 71.09 |
Working Capital Days | -3.86 | 1,181.78 | 57.08 | 9.40 | 88.54 | 97.19 |
ROCE % | 5.83% | -13.56% | 9.33% | 23.49% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 16 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Apr
- Certificate Pursuant To Regulation 40 (9) Of SEBI (LODR) Regulations, 2015 8 Apr
- Compliance Certificate Under Regulation 7 (3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 6 Apr
Annual reports
Concalls
-
May 2021TranscriptNotesPPT
Business Overview:[1]
DRCSIL is a member of the Electronics & Computer Software Export Promotion Council. It is appraised at CMMI Maturity Level 3 and is an Adobe Solutions Partner Bronze company that is certified by Adobe to provide integration, implementation, and consulting services for the Adobe suite of products.
Company provides software development
and offers a complete range of IT and IT-enabled solutions which include mobile
app development, website development,
AI and automation, enterprise solutions,
cloud-based services, digital marketing services, etc.