Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹529 Cr.
Stock P/E
50.7
P/B
4.9
Current Price
₹182.6
Book Value
₹ 37.3
Face Value
2
52W High
₹214.8
52W Low
₹ 73
Dividend Yield
—

Digilogic Systems Overview

Business

Digilogic Systems Ltd. is an Indian company operating in the Defence sector. It is primarily involved in the design, development, manufacturing, and supply of advanced electronic systems, embedded solutions, and related software for defence and aerospace applications. Its core business model involves securing contracts from the Indian Ministry of Defence, public sector undertakings (PSUs) in defence, and potentially other defence-related organizations. The company likely generates revenue through project-based contracts for supplying specialized hardware, integrated systems, and associated services.

Revenue Mix

Specific revenue breakdown by segment is not publicly detailed without further financial disclosures. However, given its industry, the company's offerings likely span:

Hardware & Integrated Systems: Design and manufacturing of specialized electronic components, subsystems, and integrated systems (e.g., for communication, radar, electronic warfare, avionics).

Software & Embedded Solutions: Development of mission-critical software and firmware for defence applications.

Services: Potentially includes R&D support, system integration, maintenance, repair, and overhaul (MRO) services.

Industry

The Indian defence industry is highly strategic and largely driven by government procurement. It is characterized by significant capital expenditure, long product development cycles, and stringent regulatory requirements. The industry is dominated by large public sector undertakings (PSUs) but has seen increasing participation from private players, especially under the "Make in India" and "Atmanirbhar Bharat" initiatives. Digilogic Systems likely positions itself as a specialized provider in niche areas of defence electronics, potentially serving as a direct supplier to the Ministry of Defence for specific projects or as a tier-2/tier-3 supplier to larger defence contractors, leveraging its technical expertise and potentially indigenous manufacturing capabilities.

MOAT

Digilogic Systems' competitive advantages likely stem from:

Specialized Technical Expertise: Deep domain knowledge and R&D capabilities in niche defence electronics, embedded systems, and software.

Established Relationships: Long-standing relationships and trust built with key defence agencies and PSUs, crucial for securing sensitive contracts.

High Entry Barriers: The defence sector has stringent certification processes, long qualification periods, and significant capital outlay for R&D and manufacturing, creating barriers for new entrants.

Proprietary Technology/IP: Development of unique or customized solutions tailored for Indian defence requirements.

Sticky Client Base: Once a system is integrated into a defence platform, switching costs are very high due to performance criticality and extensive testing.

Growth Drivers

Increased Defence Budget Allocation: Continuous focus of the Indian government on enhancing defence capabilities and modernization.

"Make in India" & "Atmanirbhar Bharat" Initiatives: Strong government push for indigenization and self-reliance in defence manufacturing, creating opportunities for domestic players.

Modernization of Armed Forces: Ongoing demand for upgrading existing defence platforms and acquiring new, technologically advanced systems.

Geopolitical Landscape: Regional and global geopolitical uncertainties driving increased defence preparedness.

Export Potential: Potential to export specialized defence electronics and systems to friendly nations, subject to government approvals and strategic considerations.

Risks

Dependence on Government Contracts: Primary reliance on the Indian Ministry of Defence for orders, making revenue susceptible to changes in defence policy and budget.

Long Procurement Cycles: Defence projects often have extended development, testing, and procurement timelines, leading to unpredictable revenue recognition.

Intense Competition: Competition from larger domestic PSUs, other private Indian players, and established global defence contractors.

Technological Obsolescence: Rapid advancements in defence technology necessitate continuous R&D investment to remain competitive.

Regulatory & Policy Risks: Changes in defence procurement policies, import/export regulations, or industrial licensing can impact business.

Geopolitical Risks: Deterioration of geopolitical stability can lead to shifts in defence spending priorities or project cancellations.

Management & Ownership

Without specific details, it is typical for companies like Digilogic Systems to be founded and led by individuals with strong technical, engineering, or defence industry backgrounds, often referred to as promoters. Ownership is usually concentrated with the promoter families or founders, reflecting a strong vested interest in the company's long-term success and strategic direction. The management team would likely comprise experienced professionals in engineering, project management, and government liaison.

Outlook

Digilogic Systems operates in a high-growth, strategic sector in India, benefiting significantly from the government's aggressive push for indigenous defence manufacturing and modernization of its armed forces. This provides a strong demand environment and tailwinds for domestic players with specialized capabilities. However, the company faces inherent challenges of the defence industry, including long and often unpredictable procurement cycles, intense competition from established players (both domestic and international), and the constant need for technological innovation. Its future growth will depend on its ability to secure high-value contracts, maintain strong relationships with key defence organizations, and adapt to evolving technological and policy landscapes while managing its capital allocation effectively.

Digilogic Systems Share Price

Live · BSE · Inception: 2007
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Digilogic Systems Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Digilogic Systems Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 56 52 72 77
Other Income 0 0 0 1
Total Income 56 52 72 79
Total Expenditure 50 46 59 62
Operating Profit 6 6 14 17
Interest 1 1 1 1
Depreciation 1 1 2 2
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 3 3 11 14
Provision for Tax 1 1 3 3
Profit After Tax 2 2 8 10
Adjustments 0 0 0 0
Profit After Adjustments 2 2 8 10
Adjusted Earnings Per Share 1.1 1.2 3.5 3.6

Digilogic Systems Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 11 14 33 108
Minority's Interest 0 0 0 0
Borrowings 3 2 3 3
Other Non-Current Liabilities -0 -0 -0 -1
Total Current Liabilities 21 20 37 26
Total Liabilities 35 35 72 136
Fixed Assets 9 9 9 9
Other Non-Current Assets 1 2 4 37
Total Current Assets 25 24 58 90
Total Assets 35 35 72 136

Digilogic Systems Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 0 0 0
Cash Flow from Operating Activities -7 5 -11 13
Cash Flow from Investing Activities -1 -1 -5 -66
Cash Flow from Financing Activities 4 -4 16 53
Net Cash Inflow / Outflow -3 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0

Digilogic Systems Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.09 1.23 3.5 3.6
CEPS(Rs) 1.84 1.87 4.27 4.23
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 5.55 6.77 14.91 37.33
Core EBITDA Margin(%) 9.95 11.11 18.73 20.43
EBIT Margin(%) 7.55 8.92 16.6 19.58
Pre Tax Margin(%) 5.32 6.38 14.61 17.77
PAT Margin (%) 3.9 4.76 10.82 13.47
Cash Profit Margin (%) 6.58 7.24 13.18 15.81
ROA(%) 6.2 6.97 14.56 10.04
ROE(%) 19.67 19.92 33.36 14.77
ROCE(%) 19.19 21.08 35.1 19.11
Receivable days 100.12 123.74 160.26 204.22
Inventory Days 50.31 36.58 33.52 43.21
Payable days 103.18 119.51 126.08 144.55
PER(x) 0 0 0 23.23
Price/Book(x) 0 0 0 2.24
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.22 0.19 0.23 2.74
EV/Core EBITDA(x) 2.16 1.69 1.21 12.51
Net Sales Growth(%) 0 -7.87 39.76 7.45
EBIT Growth(%) 0 8.94 160 26.7
PAT Growth(%) 0 12.44 217.68 33.83
EPS Growth(%) 0 12.44 185.53 2.86
Debt/Equity(x) 0.98 0.6 0.4 0.04
Current Ratio(x) 1.19 1.25 1.6 3.46
Quick Ratio(x) 0.82 1.11 1.31 3.16
Interest Cover(x) 3.39 3.51 8.34 10.82
Total Debt/Mcap(x) 0 0 0 0.02

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +7% +11% — —
Operating Profit CAGR +21% +42% — —
PAT CAGR +25% +71% — —
Share Price CAGR — — — —
ROE Average +15% +23% +22% +22%
ROCE Average +19% +25% +24% +24%

Digilogic Systems Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 64.26 %
FII 0.15 %
DII (MF + Insurance) 15.72 %
Public (retail) 19.88 %
# Dec 2025 Jan 2026 Mar 2026 Sep 2026
Promoter 064.2664.2664.26
FII 02.442.40.15
DII 016.6718.3815.72
Public 016.6314.9719.88
Others 0000
Total 100100100100

Digilogic Systems Peer Comparison

Aerospace & Defense Edit Columns

Digilogic Systems Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Digilogic Systems Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

    0
  • Debtor days have increased from 126.08 to 144.55days.
  • Stock is trading at 4.9 times its book value.
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