DRC Systems India Ltd

DRC Systems India Ltd

₹ 20.2 4.94%
28 Mar - close price
About

Incorporated in 2012, DRC Systems
India Ltd is an IT services and Consultancy company[1]

Key Points

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.

  • Market Cap 268 Cr.
  • Current Price 20.2
  • High / Low 23.7 / 11.6
  • Stock P/E 30.1
  • Book Value 2.82
  • Dividend Yield 0.00 %
  • ROCE 31.3 %
  • ROE 32.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 7.15 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.4.10 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.35 4.29 4.65 4.47 5.74 8.64 6.77 7.11 9.89 13.56
4.70 3.72 4.03 3.08 3.96 3.98 8.93 5.27 7.42 7.85
Operating Profit 0.65 0.57 0.62 1.39 1.78 4.66 -2.16 1.84 2.47 5.71
OPM % 12.15% 13.29% 13.33% 31.10% 31.01% 53.94% -31.91% 25.88% 24.97% 42.11%
0.00 0.01 0.17 0.15 -0.04 0.19 4.00 0.01 0.02 0.07
Interest 0.01 0.03 0.03 0.27 0.25 0.09 0.01 0.01 0.02 0.02
Depreciation 0.41 0.23 0.27 0.25 0.26 0.27 0.42 0.43 0.63 0.72
Profit before tax 0.23 0.32 0.49 1.02 1.23 4.49 1.41 1.41 1.84 5.04
Tax % 34.78% 78.12% 26.53% 31.37% 28.46% 12.69% 15.60% 21.28% 20.11% -1.39%
0.15 0.07 0.36 0.70 0.88 3.93 1.19 1.11 1.48 5.10
EPS in Rs 0.01 0.01 0.03 0.06 0.08 0.30 0.09 0.08 0.11 0.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 TTM
19.50 25.63 37.33
17.22 19.86 29.47
Operating Profit 2.28 5.77 7.86
OPM % 11.69% 22.51% 21.06%
0.33 4.23 4.10
Interest 0.08 0.64 0.06
Depreciation 1.32 1.20 2.20
Profit before tax 1.21 8.16 9.70
Tax % 41.32% 17.89%
0.70 6.69 8.88
EPS in Rs 0.06 0.51 0.66
Dividend Payout % 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 59%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 51%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.87 4.39 4.39
Reserves 2.92 29.88 33.03
15.15 0.00 0.00
3.01 4.79 7.53
Total Liabilities 24.95 39.06 44.95
2.70 5.35 10.10
CWIP 0.00 0.00 0.00
Investments 14.40 19.67 19.78
7.85 14.04 15.07
Total Assets 24.95 39.06 44.95

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
-1.07 2.63
-15.21 -5.02
15.08 4.25
Net Cash Flow -1.20 1.86

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
Debtor Days 111.93 81.60
Inventory Days
Days Payable
Cash Conversion Cycle 111.93 81.60
Working Capital Days 88.54 109.51
ROCE % 31.31%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
28.55% 28.55% 25.63% 25.63% 25.63% 25.63% 22.57% 22.57% 22.57% 22.57% 22.44% 22.44%
2.29% 1.91% 1.52% 1.40% 1.40% 1.39% 1.06% 1.06% 1.05% 1.02% 0.68% 0.68%
69.17% 69.55% 72.85% 72.97% 72.97% 72.97% 76.38% 76.38% 76.38% 76.41% 76.88% 76.88%
No. of Shareholders 7,5716,8456,6346,4156,3936,5266,5086,6766,8617,35910,94915,841

* 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.

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