Digilogic Systems Ltd
Incorporated in 2011, Digilogic Systems Ltd. is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radars, etc. for Defense and Aerospace industry.[1]
- Market Cap ₹ 262 Cr.
- Current Price ₹ 90.6
- High / Low ₹ 107 / 73.0
- Stock P/E 33.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 35.0 %
- ROE 33.2 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
Cons
- Company has high debtors of 221 days.
- Working capital days have increased from 53.3 days to 105 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
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 20.04 | 40.15 | 55.96 | 51.56 | 72.06 | |
| 17.20 | 36.16 | 50.38 | 45.83 | 58.56 | |
| Operating Profit | 2.84 | 3.99 | 5.58 | 5.73 | 13.50 |
| OPM % | 14.17% | 9.94% | 9.97% | 11.11% | 18.73% |
| 0.09 | 0.17 | 0.15 | 0.15 | 0.13 | |
| Interest | 0.92 | 1.00 | 1.25 | 1.31 | 1.43 |
| Depreciation | 1.01 | 1.54 | 1.50 | 1.28 | 1.71 |
| Profit before tax | 1.00 | 1.62 | 2.98 | 3.29 | 10.49 |
| Tax % | 28.00% | 28.40% | 26.51% | 25.53% | 25.93% |
| 0.73 | 1.17 | 2.18 | 2.45 | 7.76 | |
| EPS in Rs | 3.65 | 5.85 | 10.90 | 12.25 | 17.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 91% |
| TTM: | 219% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 4.45 | 4.45 |
| Reserves | 5.74 | 6.91 | 9.09 | 11.54 | 28.72 | 30.62 |
| 8.25 | 5.62 | 10.92 | 8.11 | 13.34 | 22.04 | |
| 4.56 | 17.40 | 13.49 | 13.92 | 25.76 | 7.42 | |
| Total Liabilities | 20.55 | 31.93 | 35.50 | 35.57 | 72.27 | 64.53 |
| 10.18 | 10.27 | 9.11 | 8.71 | 8.94 | 9.65 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.37 | 21.66 | 26.39 | 26.86 | 63.33 | 54.32 | |
| Total Assets | 20.55 | 31.93 | 35.50 | 35.57 | 72.27 | 64.53 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2.93 | 4.95 | -6.65 | 5.49 | -10.51 | |
| -4.54 | -1.42 | -0.63 | -1.37 | -5.13 | |
| 0.56 | -0.34 | 4.08 | -4.11 | 15.63 | |
| Net Cash Flow | -1.05 | 3.19 | -3.20 | 0.01 | -0.01 |
| Free Cash Flow | -1.80 | 3.40 | -6.99 | 4.64 | -12.45 |
| CFO/OP | 120% | 134% | -103% | 107% | -56% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 105.09 | 43.18 | 100.12 | 138.82 | 221.20 |
| Inventory Days | 41.99 | 109.61 | 68.40 | 26.98 | 85.66 |
| Days Payable | 101.31 | 208.84 | 103.18 | 119.26 | 158.72 |
| Cash Conversion Cycle | 45.78 | -56.05 | 65.34 | 46.54 | 148.13 |
| Working Capital Days | -3.64 | -16.73 | 21.85 | 33.13 | 104.80 |
| ROCE % | 16.64% | 23.15% | 20.93% | 34.98% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Revenue Contribution - Application Software % |
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| Revenue Contribution - Services % |
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| Revenue Contribution - Test Systems % |
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| Top 10 Customer Concentration % of Revenue |
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| Geographic Concentration - Domestic Revenue % |
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| India Critical TMS Market Share % |
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Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015
28 Mar - ROC Telangana issued SCNs (Mar 27, 2026) over procedural lapses in three FY2024-25 private placements; potential Rs.2 crore penalties.
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Closure of Trading Window
26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results declaration for year/half-year ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Mar
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Mar - Received DRDO orders for measurement/test equipment and integrated test system totaling ₹7.15 crore on March 17, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Mar - Analyst/investor meetings on March 11, 2026 with Arihant Capital (Bharat Connect) and Plutus Investment Trust; Project Udaan presentation.
Concalls
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Jan 2026TranscriptAI SummaryPPT
Business Profile[1]
Digilogic Systems Limited is a technology-led defence and aerospace engineering company engaged in the design, development, integration, manufacturing, supply and lifecycle support of Automated Test Equipment (ATE), radar and electronic warfare simulators, application software, and embedded signal processing solutions.