DRCSYSTEMSInformation Technology

DRC Systems India Limited

Computers - Software & Consulting · ISIN INE03RS01027 · BSE 543268 · NSE EQ · FV ₹1
Last price
₹11
-1.55%today
What this company does

DRC Systems India Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹21 cr of revenue in its latest quarter (Q2 FY27) and kept 19.1% of sales as profit.

In the report:
81out of 100
Equitytale Health Score
Fortress

Healthier than 81% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 43–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns64

How much profit it earns on the money it employs

Balance sheet78

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency92

Whether sales and profit have grown, and how steadily

Valuation98

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 19% net margin
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Sales down 7% vs last year
! Profit down 6% vs last year
! Operating cash flow is negative

What if I invest in DRCSYSTEMS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹11▼ -1.55%
latest close · 2026-11-04
52-wk low ₹1091 sessions so far52-wk high ₹16
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.6Low
LowAverageHigh
P/B ratio1.27Moderate
Below bookModerateHigh
EV / EBITDA5.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.3%Fair
WeakFairStrong ▸15%
Return on capital17.3%Strong
WeakFairStrong
Net margin19.1%Strong
ThinDecentStrong
EBITDA margin33.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover41.4×Strong
RiskyOkayStrong ▸5×
Current ratio0.62Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹155 cr
Book value
₹9
EPS
₹0.28
latest quarter
Net debt
₹-1 cr
more cash than debt
Enterprise value
₹154 cr
EBITDA
₹28 cr
annualised
EBIT
₹22 cr
annualised
Operating margin
25.3%
Return on assets
10.8%
Earnings yield
10.39%
P/S
1.82
Sales / share
₹5.9
Tax rate
5.8%
Face value
₹1
Shares
14.4 cr
Working capital
₹-10 cr
Current assets
₹16 cr
Current liabilities
₹26 cr
Delivery %
65.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹16 vs market price ₹11 — price is 31% below it
Safety cushion+31.3%(target ≥ +20%)
Models span ₹15–₹16, midpoint ₹16
Model ₹16
Price ₹11
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹21 cr
Other Income₹1 cr
Total Income₹22 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹5 cr
Finance Costs₹13 L
Depreciation & Amortisation₹2 cr
Other Expenses₹11 cr
Total Expenses₹17 cr
Profit before Tax₹5 cr
Tax Expense₹30.3 L
Share of JV / Associates₹-88.3 L
Net Profit₹4 cr
Net margin on total income18.1%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹5 cr22.2%
Finance costs₹13 L0.6%
Depreciation & amortisation₹2 cr7.9%
Other expenses₹11 cr49.1%
Tax expense₹30.3 L1.4%
Profit for the period₹4 cr18.8%
Total income ₹22 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue27 cr23 cr21 cr
Total income28 cr25 cr22 cr
Expenses21 cr19 cr17 cr
Profit before tax7 cr6 cr5 cr
Tax20.7 L27.8 L30.3 L
Net profit (owners' share)5 cr6 cr4 cr
Net margin (owners' share, on revenue)19.0%23.8%19.1%
EPS (₹)0.420.390.28
YoY (latest quarter): total income -2.9% · net profit -5.5%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹151 cr
Shareholder equity
₹123 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1 cr
Cash flow · H1 FY27
Operating
₹-3 cr
Investing
₹2 cr
Financing
₹-33.2 L
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,499₹9.05 L cr16.3
Infosys Limited₹1,148₹4.65 L cr14.9
HCL Technologies Limited₹1,439₹3.91 L cr19.0
Wipro Limited₹198₹1.96 L cr15.3
Tech Mahindra Limited₹1,789₹1.59 L cr25.0
LTM Limited₹4,213₹1.25 L cr22.3
Persistent Systems Limited₹6,097₹96,180 cr68.0
Coforge Limited₹2,061₹91,190 cr41.8
MphasiS Limited₹2,535₹48,394 cr24.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Bonus issue1:227 Feb 2024
Stock splitStock Split From Rs.10/- to Rs.1/-16 Mar 2022
Who owns it · 2026-09-30
No pledge
Promoter
20.6%
FII / Foreign
0.0%
DII / Domestic
0.4%
Retail / others
79.0%
Promoter stake down 1.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDipesh Shah · -1.80 L · ₹1.8 L12 Aug 25
BoughtSudhir Parmar · -75,000 · ₹75,00020 Mar 25
BoughtJignesh Prajapati · -1.13 L · ₹1.1 L20 Mar 25
Bulk / block deals
BoughtDJ INFRASPACE LLP · NSE9.47 L @ ₹28.2628 Mar 25
SoldDJ INFRASPACE LLP · NSE2.15 L @ ₹3128 Mar 25
SoldMOHIT SOMCHAND SHAH · NSE7.25 L @ ₹31.5719 Dec 24
Stake changes
BoughtShiv Minechem→ 6.94% · 1.00 cr28 Oct 25
SoldSomani Multibiz Limited→ 2.03% · 52.09 L12 Apr 24
SoldSomani Multibiz Limited→ 5.96% · 35.05 L9 Apr 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 17 Sep 2026
See the official result
1
To receive, consider and adopt the Audited standalone and consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
8.08 cr votes for, 519 against
2
Appointment of Mr. Sanket Khemuka (DIN: 06910440) as a Director, liable to retire by rotation
Backed by 100% of shareholders other than promotersneeded 50%
8.08 cr votes for, 669 against
3
Re-appointment of Mr. Hiten Ashwin Barchha (DIN: 05251837) as the Managing Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
8.08 cr votes for, 669 against
4
Re-appointment of Mr. Janmaya Preyas Pandya (DIN: 09019756) as an Executive Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
8.08 cr votes for, 669 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 24 named members
owning 20.6% between them · as of 2026-09-30
Yogeshkumar Popatbhai Sutariya9.38%
Shivben Popatlal Sutariya9.37%
Hiten Ashwinbhai Barchha1.87%
Amababhai Patelno shares
Ashwin Barchhano shares
Avni Hiten Barchhano shares
Dayabhai Italiyano shares
Diyalbhai Laljibhai Italiyano shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25 cr raised in Oct 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

To meet working capital requirements
100%
₹2 cr of ₹2 cr
Prepayment / Repayment of Liabilities
100%
₹13 cr of ₹13 cr
Making investments including investment in Subsidiaries Companies
100%
₹4 cr of ₹4 cr
General corporate purposes
100%
₹6 cr of ₹6 cr
Spent by quarter: 85% → 100% (to Mar 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.