DRC Systems India Ltd.

12.6-1.25%

2026-08-21

drcsystems.comBSE: 543268NSE: DRCSYSTEMS
Market Cap₹ 187 Cr.
Current Price₹ 13
High / Low₹ 24 / 12
Stock P/E9.1
Book Value₹ 8
Price to Book6.28
Dividend Yield0.00 %
ROCE30.4 %
ROE27.4 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 30.7%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
  • Operating margins have improved to 32.0% from 13.4%
  • Latest quarter profit grew 27.8% YoY, showing strong momentum
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.90x)

CONS

  • Effective tax rate is unusually low at 10.6% - earnings may be flattered
  • Stock is trading at 6.3x its book value
  • Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.TCS2287.0016.62827456.624.8113420.004.6972275.0013.9366.2525.67
2.INFY1117.0514.97453305.214.307775.0012.2948211.0014.0342.8423.66
3.HCLTECH1322.5020.60358882.214.084626.0020.3434579.0013.9431.2019.87
4.WIPRO179.5013.45177780.786.133356.300.5924478.6010.5918.4918.93
5.TECHM1582.2030.20155076.763.221486.3031.6715711.9017.6823.0417.43
6.LTM4535.0025.72134517.771.651468.6017.0611608.0017.9630.2517.75
7.OFSS11720.0029.90102061.423.411415.50120.523125.2068.7345.5060.04
8.PERSISTENT5510.0045.2086920.250.73483.0413.674303.2329.0935.0916.19
9.COFORGE1815.0045.7680390.070.87531.7049.195527.7049.8624.7019.14
10.MPHASIS2420.0024.1846192.172.56489.5110.824384.0517.4623.3118.15
11.LTTS3538.7028.4437537.661.64357.1012.972940.1011.4727.7018.65
12.DRCSYSTEMS12.989.14187.020.0055.551177.89233.841178.3730.3727.87
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
7
5
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
1
Tax %
21.13%
Net Profit
0
0
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
10
7
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
2
Tax %
20.00%
Net Profit
0
0
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
14
8
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
5
Tax %
-1.39%
Net Profit
0
0
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
17
12
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
4
Tax %
2.72%
Net Profit
0
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
15
10
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
4
Tax %
10.93%
Net Profit
4
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
16
12
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
4
Tax %
13.53%
Net Profit
3
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
17
12
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
4
Tax %
13.28%
Net Profit
4
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
17
11
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
5
Tax %
6.00%
Net Profit
4
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
18
12
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
2
5
Tax %
11.36%
Net Profit
4
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
23
17
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
2
5
Tax %
12.76%
Net Profit
4
0
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
27
20
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
5
Tax %
5.78%
Net Profit
5
0
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
27
19
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
7
Tax %
3.01%
Net Profit
6
0
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
23
19
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
6
Tax %
4.77%
Net Profit
6
0
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
20
17
Operating Profit
3
OPM %
13
Other Income
0
Interest
0
Depreciation
1
1
Tax %
42
Net Profit
1
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
26
20
Operating Profit
10
OPM %
39
Other Income
4
Interest
1
Depreciation
1
8
Tax %
18
Net Profit
7
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2024
48
33
Operating Profit
15
OPM %
31
Other Income
0
Interest
0
Depreciation
3
12
Tax %
6
Net Profit
12
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2025
65
44
Operating Profit
21
OPM %
32
Other Income
0
Interest
0
Depreciation
4
17
Tax %
11
Net Profit
15
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
TTM
101
74
Operating Profit
OPM %
Other Income
3
Interest
1
Depreciation
7
23
Tax %
6
Net Profit
22
EPS
Dividend Payout %
Minority Interest
-0
Share of Associates
-1
Adjusted EPS
Minority Interest
-0
Share of Associates
-1
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
50%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
178%

STOCK PRICE CAGR

10 Years:
5 Years:
5%
3 Years:
-3%
1 Year:
-26%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
30%
Last Year:
27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2024

Feb 27

2:1

Quarterly Results & Bonus issue

Mar 2022
Equity Capital
4
3
Trade Payables
0
18
Total Liabilities
25
3
14
0
Cash & Bank
1
7
Total Assets
25
Total Debt
15
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
1.66
Face Value
1.00
Total Debt
15
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
1.66
Face Value
1.00
Mar 2023
Equity Capital
4
29
Trade Payables
1
4
Total Liabilities
39
5
20
0
Cash & Bank
2
12
Total Assets
39
Total Debt
0
Net Working Capital
10
Contingent Liabilities
0
Book Value per Share
7.69
Face Value
1.00
Total Debt
0
Net Working Capital
10
Contingent Liabilities
0
Book Value per Share
7.69
Face Value
1.00
Mar 2024
Equity Capital
13
33
Trade Payables
0
32
Total Liabilities
79
17
21
20
Cash & Bank
4
17
Total Assets
79
Total Debt
0
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
3.50
Face Value
1.00
Total Debt
0
Net Working Capital
1
Contingent Liabilities
0
Book Value per Share
3.50
Face Value
1.00
Mar 2025
Equity Capital
13
50
Trade Payables
2
34
Total Liabilities
100
48
21
10
Cash & Bank
2
19
Total Assets
100
Total Debt
0
Net Working Capital
-3
Contingent Liabilities
0
Book Value per Share
4.77
Face Value
1.00
Total Debt
0
Net Working Capital
-3
Contingent Liabilities
0
Book Value per Share
4.77
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
-1
Cash from Investing
-15
Cash from Financing
15
-1
Free Cash Flow
-1
OCF / Net Profit
-1.52
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.52
Cumulative 5-Year FCF
0
Mar 2023
3
Cash from Investing
-5
Cash from Financing
4
2
Free Cash Flow
-1
OCF / Net Profit
0.41
Cumulative 5-Year FCF
0
OCF / Net Profit
0.41
Cumulative 5-Year FCF
0
Mar 2024
28
Cash from Investing
-26
Cash from Financing
-0
2
Free Cash Flow
13
OCF / Net Profit
2.39
Cumulative 5-Year FCF
0
OCF / Net Profit
2.39
Cumulative 5-Year FCF
0
Mar 2025
33
Cash from Investing
-35
Cash from Financing
-0
-2
Free Cash Flow
-2
OCF / Net Profit
2.18
Cumulative 5-Year FCF
0
OCF / Net Profit
2.18
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
0.18
Book Value (₹)
1.66
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.17
Operating Margin %
13.36%
Net Margin %
3.61%
ROE %
10.99%
ROCE %
5.86%
2.85%
Debtor Days
112
Inventory Days
0
Payable Days
0
112
Debt to Equity (x)
2.37x
Interest Coverage (x)
16.94x
3.58x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
1.52
Book Value (₹)
7.69
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.60
Operating Margin %
39.42%
Net Margin %
26.12%
ROE %
33.33%
ROCE %
31.29%
21.01%
Debtor Days
83
Inventory Days
0
Payable Days
0
83
Debt to Equity (x)
0.00x
Interest Coverage (x)
13.80x
4.16x
Revenue Growth %
31.40%
Operating Profit Growth %
287.65%
Net Profit Growth %
851.95%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.88
Book Value (₹)
3.50
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.07
Operating Margin %
31.18%
Net Margin %
24.44%
ROE %
29.09%
ROCE %
30.40%
19.82%
Debtor Days
97
Inventory Days
0
Payable Days
0
97
Debt to Equity (x)
0.00x
Interest Coverage (x)
110.23x
1.03x
Revenue Growth %
86.08%
Operating Profit Growth %
48.29%
Net Profit Growth %
74.09%
-42.30%
P/E (x)
23.16x
P/B (x)
5.83x
Dividend Yield %
0.00%
17.75x
Mar 2025
EPS (₹)
1.13
Book Value (₹)
4.77
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.45
Operating Margin %
31.96%
Net Margin %
23.06%
ROE %
27.39%
ROCE %
30.37%
16.93%
Debtor Days
82
Inventory Days
0
Payable Days
0
82
Debt to Equity (x)
0.00x
Interest Coverage (x)
83.92x
0.92x
Revenue Growth %
37.11%
Operating Profit Growth %
41.78%
Net Profit Growth %
29.35%
28.17%
P/E (x)
26.55x
P/B (x)
6.28x
Dividend Yield %
0.00%
18.75x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
22.44
0.38
0.00
Government
0.00
77.18
Sep 2024
22.44
0.41
0.00
Government
0.00
77.15
Dec 2024
22.40
0.21
0.36
Government
0.00
77.03
Mar 2025
22.23
0.00
0.37
Government
0.00
77.39
Jun 2025
22.23
0.01
0.37
Government
0.00
77.39
Sep 2025
22.17
0.01
0.37
Government
0.00
77.45
Dec 2025
20.63
0.00
0.35
Government
0.00
79.02
Mar 2026
20.63
0.00
0.35
Government
0.00
79.02
Jun 2026
20.63
0.00
0.39
Government
0.00
78.98

Documents

Announcements

  • Shareholders meeting

    2026-08-20 - DRC Systems India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2026

  • Copy of Newspaper Publication

    2026-08-08 - DRC Systems India Limited has informed the Exchange about Copy of Newspaper Advertisement 14th Annual General Meeting through Video Conferencing/Other Audio- Visual Means ( VC/OAVM ) Facility.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

  • May 2021

    TranscriptPPTREC