DCX Systems Ltd
Incorporated in 2011, Dcx Systems Ltd is in the business of System Integration and Cable & Wire Harnessing[1]
- Market Cap ₹ 3,653 Cr.
- Current Price ₹ 328
- High / Low ₹ 452 / 200
- Stock P/E 71.4
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE 9.98 %
- ROE 8.95 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.76 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.72.8 Cr.
- Company has high debtors of 171 days.
- Working capital days have increased from 65.9 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
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|
641 | 1,102 | 1,254 | 1,424 | 1,280 | |
631 | 1,035 | 1,170 | 1,344 | 1,248 | |
Operating Profit | 10 | 67 | 84 | 80 | 32 |
OPM % | 2% | 6% | 7% | 6% | 3% |
42 | 22 | 30 | 50 | 73 | |
Interest | 10 | 11 | 26 | 30 | 18 |
Depreciation | 2 | 2 | 2 | 5 | 12 |
Profit before tax | 40 | 76 | 86 | 95 | 75 |
Tax % | 26% | 13% | 16% | 20% | |
30 | 66 | 72 | 76 | 51 | |
EPS in Rs | 84.46 | 8.48 | 7.41 | 6.80 | 4.59 |
Dividend Payout % | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 30% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 37% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|
Equity Capital | 4 | 15 | 19 | 22 | 22 |
Reserves | 43 | 102 | 547 | 1,104 | 1,317 |
136 | 503 | 509 | 291 | 73 | |
610 | 322 | 143 | 430 | 608 | |
Total Liabilities | 793 | 943 | 1,219 | 1,847 | 2,020 |
16 | 15 | 15 | 60 | 328 | |
CWIP | -0 | -0 | 5 | -0 | -0 |
Investments | -0 | -0 | -0 | -0 | -0 |
778 | 928 | 1,199 | 1,787 | 1,692 | |
Total Assets | 793 | 943 | 1,219 | 1,847 | 2,020 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
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 | |
---|---|---|---|---|
Debtor Days | 7 | 23 | 93 | 171 |
Inventory Days | 119 | 10 | 75 | 56 |
Days Payable | 77 | 35 | 44 | 109 |
Cash Conversion Cycle | 49 | -2 | 123 | 119 |
Working Capital Days | -217 | -66 | 132 | 131 |
ROCE % | 22% | 13% | 10% |
Documents
Announcements
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Board Meeting Intimation for Intimation Of Board Meeting To Be Held On May 27, 2025.
1d - Board meeting on May 27 to approve FY25 audited financial results; trading window closed till May 29.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - DCX Systems reports no deviation in IPO/QIP fund use; JV signed, some delays in general corporate purpose spending.
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Intimation Of Receipt Of Purchase Order.
12 May - Received export purchase orders worth Rs. 28.60 Cr from Israeli defense firms and overseas customers.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
7 May - Annual Secretarial Compliance Report confirms full regulatory compliance for FY 2024-25 by DCX Systems Limited.
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Announcement under Regulation 30 (LODR)-Joint Venture
21 Apr - DCX forms JV with ELTA Israel for airborne and land radar systems under Make in India, DCX holds 37%.
Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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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]
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.