DRC Systems India

₹19.2 0.1 | 0.7%

WEBSITE BSE:543268 NSE : DRCSYSTEMS 18 May, 12:50

Market Cap ₹254 Cr.

Stock P/E 28.5

P/B 4.9

Current Price ₹19.2

Book Value ₹ 3.9

Face Value 1

52W High ₹23.7

Dividend Yield 0%

52W Low ₹ 11.6

Edit Ratio

DRC Systems India Research see more...

Overview Inc. Year: 2012Industry: IT - Software

DRC Systems India Ltd is a dynamic and innovative IT solutions provider headquartered in India. With a strong focus on delivering cutting-edge technology solutions, the company offers a comprehensive range of services, including software development, custom application design, cloud computing, and IT consulting. DRC Systems is renowned for its expertise in crafting tailor-made solutions that cater to diverse industry verticals, empowering businesses to enhance efficiency and productivity. With a team of highly skilled professionals and a customer-centric approach, DRC Systems India Ltd continues to be a trusted partner for businesses seeking top-tier IT solutions and strategic digital transformation.

DRC Systems India Share Price

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Peer Comparison

DRC Systems India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5	4	5	4	6	9	7	7	10	14
Other Income	0	0	0	0	-0	0	4	0	0	0
Total Income	5	4	5	5	6	9	11	7	10	14
Total Expenditure	5	4	4	3	4	4	9	5	7	8
Operating Profit	1	1	1	2	2	5	2	2	2	6
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	1	1	4	2	1	2	5
Provision for Tax	0	0	0	0	0	1	0	0	0	-0
Profit After Tax	0	0	0	1	1	4	1	1	1	5
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	0	0	0	1	1	4	1	1	1	5
Adjusted Earnings Per Share	0	0	0	0.1	0.1	0.3	0.1	0.1	0.1	0.4

DRC Systems India Profit & Loss

#(Fig in Cr.)	Mar 2022	Mar 2023	TTM
Net Sales	20	26	38
Other Income	0	4	4
Total Income	20	30	42
Total Expenditure	17	20	29
Operating Profit	3	10	12
Interest	0	1	0
Depreciation	1	1	2
Exceptional Income / Expenses	0	0	0
Profit Before Tax	1	8	10
Provision for Tax	1	1	0
Profit After Tax	1	7	8
Adjustments	0	0	0
Profit After Adjustments	1	7	8
Adjusted Earnings Per Share	0.1	0.5	0.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	0%	0%	0%
Operating Profit CAGR	233%	0%	0%	0%
PAT CAGR	600%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	44%	26%	NA%	NA%
ROE Average	33%	22%	22%	22%
ROCE Average	31%	19%	19%	19%

DRC Systems India Balance Sheet

#(Fig in Cr.)	Mar 2022	Mar 2023
Shareholder's Funds	7	34
Minority's Interest	0	0
Borrowings	15	0
Other Non-Current Liabilities	1	2
Total Current Liabilities	2	3
Total Liabilities	25	39
Fixed Assets	3	5
Other Non-Current Assets	15	20
Total Current Assets	7	13
Total Assets	25	39

DRC Systems India Cash Flow

#(Fig in Cr.)	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	1
Cash Flow from Operating Activities	-1	3
Cash Flow from Investing Activities	-15	-5
Cash Flow from Financing Activities	15	4
Net Cash Inflow / Outflow	-1	2
Closing Cash & Cash Equivalent	1	2

DRC Systems India Ratios

#	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.06	0.51
CEPS(Rs)	0.17	0.6
DPS(Rs)	0	0
Book NAV/Share(Rs)	0.55	2.56
Core EBITDA Margin(%)	11.66	22.92
EBIT Margin(%)	6.59	34.31
Pre Tax Margin(%)	6.2	31.82
PAT Margin (%)	3.61	26.12
Cash Profit Margin (%)	10.38	30.81
ROA(%)	2.85	21.01
ROE(%)	10.99	33.33
ROCE(%)	5.86	31.29
Receivable days	111.99	83.42
Inventory Days	0	0
Payable days	0	0
PER(x)	200.38	31.68
Price/Book(x)	22.02	6.28
Dividend Yield(%)	0	0
EV/Net Sales(x)	7.98	8.18
EV/Core EBITDA(x)	59.69	20.76
Net Sales Growth(%)	0	31.4
EBIT Growth(%)	0	584.67
PAT Growth(%)	0	851.95
EPS Growth(%)	0	738.26
Debt/Equity(x)	2.37	0
Current Ratio(x)	3.58	4.16
Quick Ratio(x)	3.58	4.16
Interest Cover(x)	16.94	13.8
Total Debt/Mcap(x)	0.11	0

DRC Systems India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	25.63	25.63	25.63	25.63	22.57	22.57	22.57	22.57	22.44	22.44
FII	1.52	1.4	1.4	1.39	1.06	1.06	1.05	1.03	0.68	0.67
DII	0	0	0	0	0	0	0	0	0	0
Public	72.85	72.97	72.97	72.97	76.37	76.37	76.38	76.4	76.88	76.89
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.1	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	2.97
FII	0.01	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.03	0.09
DII	0	0	0	0	0	0	0	0	0	0
Public	0.28	2.82	2.82	2.82	3.35	3.35	3.35	3.35	3.39	10.19
Others	0	0	0	0	0	0	0	0	0	0
Total	0.39	3.87	3.87	3.87	4.39	4.39	4.39	4.39	4.42	13.25

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 22.44%.
Stock is trading at 4.9 times its book value.

* 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.