On 6 Nov 2026, DRC Systems India was priced at ₹10.52, or 7.2× trailing earnings, against an industry P/E of 17.7×, and the shares are 47% below their 52-week high. Sales and net profit grew 55% and 42% a year over 3 years; its ROCE of 19% is the second-lowest among the 7 largest Information Technology Services peers. It carries very little debt. It is a small-cap company with a market cap of ₹152 Cr, ranked 78th of 126 Information Technology Services companies by market cap; the shares fell 45% over the past year.
- ₹10.96
- ₹10.96
- ₹10.26
- ₹10.61
- 58.4K
Health check
- ReturnsBehind
−45.0% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 7.2 vs industry 17.7.
- GrowthStrong
Sales +55.0%, profit +42.2% a year over 3 years.
- ProfitabilityWeak
ROCE 18.8% vs peer median 27.2%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Quarterly sales down 6.8% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹152 Cr
- Small cap
- P/E
- 7.2
- Industry 17.7
- Price to book
- 1.35
- Peers 5.20
- Dividend yield
- 0.00%
- ROE
- 21.7%
- Peers 22.9%
- ROCE
- 18.8%
- Peers 27.2%
- Debt to equity
- 0.00
- Debt ₹0.42 Cr
- EPS (TTM)
- ₹1.46
- Face value ₹1
- OPM (TTM)
- 28.1%
- Net margin 20.3%
- Sales growth
- −6.8%
- Latest quarter vs a year ago
- Profit growth
- −5.5%
- Latest quarter vs a year ago
- Price to sales
- 1.51
- EV/EBITDA 5.0
Strengths and risks
Strengths
- Return on equity of 21.7%.
- Practically debt-free.
- Net margin of 20.3%.
- P/E of 7.2 against an industry P/E of 17.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 6.8% on a year ago.
- 47% below its 52-week high.
About DRC Systems India
DRC Systems India Limited, a software development company, engages in the provision of information technology (IT) and IT enabled services in India, the United Arab Emirates, and internationally. The company offers web development, mobile application development, digital learning / e-learning, digital commerce / e-commerce, content management system, UI/UX design services, digital marketing services, and QA engineering and testing services; digital…
- Headquarters
- Gandhinagar
- Employees
- 197
- Sector
- Technology
- ISIN
- INE03RS01027
- Website
- drcsystems.com
Price range
- Avg volume (3M)
- 65.4K
- 1-year return
- minus 45.0%
- From 52-week high
- minus 47.4%
Peers · Information Technology Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TCSTata Consultancy Services | 2,498.50 | plus 0.11% | 9,03,979 | 17.5 | 7.60 | 54.9% | 45.6% | 26.5% | 5.8% | 5.3% | 1.92% | minus 16.5% |
| INFYInfosys | 1,181.40 | plus 1.20% | 4,78,511 | 15.7 | 4.91 | 39.0% | 30.0% | 23.1% | 6.7% | 6.9% | 4.40% | minus 20.5% |
| HCLTECHHCL Technologies | 1,440.00 | plus 0.66% | 3,89,754 | 21.3 | 5.20 | 27.2% | 24.6% | 20.8% | 8.7% | 3.9% | 3.33% | minus 6.4% |
| WIPROWipro | 198.00 | minus 0.20% | 1,95,898 | 15.6 | 2.46 | 17.8% | 15.9% | 19.2% | 0.8% | 5.2% | 4.04% | minus 16.6% |
| TECHMTech Mahindra | 1,831.00 | plus 0.46% | 1,79,476 | 29.4 | 5.47 | 19.8% | 19.2% | 17.2% | 2.2% | −0.1% | 2.79% | plus 29.3% |
| LTMLTM | 4,338.00 | minus 1.25% | 1,28,620 | 24.6 | 4.97 | 25.4% | 21.0% | 17.9% | 8.4% | 4.4% | 1.80% | minus 21.8% |
| PERSISTENTPersistent Systems | 6,053.50 | minus 0.92% | 99,859 | 53.0 | 11.12 | 29.4% | 22.9% | 16.9% | 20.9% | 26.5% | 0.59% | plus 4.3% |
| DRCSYSTEMSDRC Systems India | 10.52 | minus 0.85% | 152 | 7.2 | 1.35 | 18.8% | 21.7% | 28.1% | 55.0% | 42.2% | 0.00% | minus 45.0% |
| Median of 7 peers | – | 0.11% | 1,95,898 | 21.3 | 5.20 | 27.2% | 22.9% | 19.2% | 6.7% | 5.2% | 2.79% | −16.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 22.8 | 27.2 | 27.2 | 23.4 | 21.3 | |
| 16.6 | 19.7 | 19.1 | 17 | 15.4 | |
| 6.2 | 7.5 | 8.1 | 6.4 | 5.9 | |
| 27.1% | 27.6% | 29.6% | 27.4% | 27.7% | |
| 0.3 | 0.5 | 0.1 | 1.3 | 0.3 | |
| 0 | 0.2 | 0.3 | 0.1 | 0.1 | |
| 1.7 | 1.7 | 1.8 | 1.7 | 1.7 | |
| – | −0.9 | – | – | – | |
| 4.8 | 5.3 | 6 | 5.8 | 4.4 | |
| 12.8% | 5.8% | 3.4% | 4.8% | 6.9% | |
| 4.3 | 5.5 | 5.8 | 5.6 | 4.1 | |
| 0.31 | 0.37 | 0.42 | 0.38 | 0.28 |
Profit & loss
- Sales CAGR 3Y
- +55.0%
- Profit CAGR 3Y
- +42.2%
- EPS CAGR 3Y
- +37.4%
- ROE
- 21.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.6 | 47.7 | 65.4 | 95.5 | |
| – | +86.1% | +37.1% | +46.1% | |
| 19.7 | 32.8 | 42.4 | 66.9 | |
| 6 | 14.9 | 22.9 | 28.6 | |
| 23.3% | 31.2% | 35.1% | 29.9% | |
| 0.1 | 0.1 | 0.3 | 0.8 | |
| 0.6 | 0.1 | 0 | 0.5 | |
| 1.2 | 2.5 | 4.3 | 6.8 | |
| 3.9 | 0 | −2 | −1 | |
| 8.2 | 12.4 | 16.9 | 21 | |
| 17.9% | 5.7% | 10.6% | 8.0% | |
| 6.7 | 11.7 | 15.1 | 19.3 | |
| – | +74.1% | +29.4% | +27.8% | |
| 0.54 | 0.87 | 1.13 | 1.40 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.4 | 13.2 | 13.4 | 14.4 | |
| 29.9 | 34.6 | 51.2 | 98.1 | |
| 0.6 | 0.8 | 0.5 | 0.4 | |
| 4.2 | 30 | 34.4 | 41 | |
| 39.1 | 78.6 | 99.5 | 154 | |
| 0.8 | 1.1 | 0.8 | 0.6 | |
| 19.7 | 19.7 | 19.8 | 19.8 | |
| 2.4 | 4.1 | 2.1 | 3.3 | |
| 16.2 | 53.7 | 76.9 | 130 | |
| 39.1 | 78.6 | 99.5 | 154 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.7 | 27.8 | 32.9 | 47.6 | |
| −5 | −25.9 | −34.9 | −71 | |
| 4.2 | −0.2 | −0.1 | 24.5 | |
| 1.9 | 1.8 | −2.1 | 1.1 | |
| −3.6 | −24.5 | −23.4 | −0.1 | |
| −0.9 | 3.3 | 9.5 | 47.5 |
Shareholding pattern
- Promoters20.63%
- Public79.37%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 20.63% | 79.37% | 0.00 | |
| 30 Jun 2026 | 20.63% | 79.37% | 0.00 | |
| 31 Mar 2026 | 20.63% | 79.37% | 0.00 | |
| 31 Dec 2025 | 20.63% | 79.37% | 0.00 | |
| 28 Oct 2025 | 20.63% | 79.37% | – |
Major shareholders
Filings & events
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