Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹211Cr
Rev Gr TTM
Revenue Growth TTM
29.98%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DRCSYSTEMS
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 45.6 | 59.1 | 72.3 | 56.9 | 152.9 | 116.0 | 63.2 | 25.0 | -1.1 | 19.1 | 41.5 | 60.4 |
| 9 | 5 | 7 | 8 | 12 | 10 | 12 | 12 | 11 | 12 | 17 | 20 |
Operating Profit Operating ProfitCr |
| -29.3 | 26.0 | 25.1 | 42.0 | 28.0 | 34.1 | 27.7 | 29.6 | 35.6 | 34.9 | 27.1 | 27.6 |
Other Income Other IncomeCr | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| 1 | 1 | 2 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
|
Growth YoY PAT Growth YoY% | 230.6 | 58.6 | 68.2 | 29.8 | 232.8 | 246.8 | 121.0 | -30.4 | 11.4 | 13.0 | 27.5 | 40.6 |
| 17.6 | 15.6 | 15.0 | 37.6 | 23.1 | 25.1 | 20.3 | 20.9 | 26.1 | 23.8 | 18.3 | 18.4 |
| 0.1 | 0.1 | 0.1 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 31.4 | 86.1 | 37.1 | 30.4 |
| 17 | 20 | 33 | 45 | 59 |
Operating Profit Operating ProfitCr |
| 11.6 | 22.9 | 31.1 | 31.7 | 30.6 |
Other Income Other IncomeCr | 0 | 4 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 1 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 3 | 4 | 6 |
| 1 | 8 | 12 | 17 | 20 |
| 1 | 1 | 1 | 2 | 2 |
|
| | 852.0 | 74.1 | 29.4 | 18.9 |
| 3.6 | 26.1 | 24.4 | 23.1 | 21.0 |
| 0.1 | 0.6 | 0.9 | 1.1 | 1.3 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 4 | 4 | 13 | 13 | 13 |
| 3 | 30 | 35 | 51 | 62 |
Current Liabilities Current LiabilitiesCr | 2 | 3 | 29 | 33 | 39 |
Non Current Liabilities Non Current LiabilitiesCr | 16 | 2 | 2 | 1 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 7 | 13 | 30 | 31 | 49 |
Non Current Assets Non Current AssetsCr | 18 | 26 | 49 | 69 | 69 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -1 | 3 | 28 | 33 |
Investing Cash Flow Investing Cash FlowCr | -15 | -5 | -26 | -35 |
Financing Cash Flow Financing Cash FlowCr | 15 | 4 | 0 | 0 |
|
Free Cash Flow Free Cash FlowCr | -2 | -1 | 3 | 10 |
| -152.3 | 39.4 | 238.5 | 218.4 |
CFO To EBITDA CFO To EBITDA% | -47.1 | 45.0 | 187.6 | 158.8 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 141 | 212 | 270 | 400 |
Price To Earnings Price To Earnings | 20.0 | 31.8 | 23.2 | 26.5 |
Price To Sales Price To Sales | 7.2 | 8.3 | 5.7 | 6.1 |
Price To Book Price To Book | 2.1 | 6.2 | 5.7 | 6.2 |
| 68.5 | 35.8 | 18.0 | 19.2 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 |
| 11.6 | 22.9 | 31.1 | 31.7 |
| 3.6 | 26.1 | 24.4 | 23.1 |
| 5.8 | 25.6 | 25.6 | 26.0 |
| 10.4 | 19.5 | 24.4 | 23.3 |
| 2.8 | 17.1 | 14.8 | 15.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
DRC Systems India Limited is a rapidly growing IT services, consulting, and business solutions company with over **13 years of experience** in enabling digital transformation for global enterprises. Founded in 2012, the company combines **consulting-led**, **cognitive-powered**, and **AI-driven** delivery models to provide high-impact, customized technology solutions across diverse industries.
Listed on both the **BSE (543268)** and **NSE (DRCSYSTEMS)**, DRC Systems is **CMMI Level-3 certified**, reflecting standardized, optimized, and high-quality software development processes. As of mid-2025, the company operates in **three countries**—India, the UAE, and the USA—with approximately **200–216 employees** and a growing international presence.
---
### **Core Offerings & Technology Stack**
DRC Systems delivers end-to-end digital transformation services through a broad and cutting-edge technology portfolio, including:
- **Mobile Development**: iOS, Android, Flutter, React Native
- **Web & Frameworks**: Python, Java, .NET, Angular, ReactJS, Magento, WordPress, PHP
- **Cloud & DevOps**: AWS, Microsoft Azure, Google Cloud, DevOps, Datacenter Solutions
- **Enterprise & Digital Transformation**: ERP, CRM, CMS, digital marketing, process automation, e-commerce
- **Emerging Technologies**:
- Artificial Intelligence (AI) & Machine Learning (ML)
- Generative AI (GenAI)
- Blockchain (including blockchain-based credentialing systems)
- Big Data Analytics, IoT, Computer Vision
- Low-Code/No-Code (LCNC) platforms
It also specializes in **eLearning and Learning Management Systems (LMS)**, including the development of **Learning Experience Platforms (LXP)**.
---
### **Geographic Reach & Client Base**
DRC Systems serves a globally diversified client base across key markets:
- **North America (USA)**
- **Middle East (UAE, Saudi Arabia, Qatar, Bahrain)**
- **Europe & UK**
- **Asia-Pacific & Australia**
- **India (domestic enterprise and government clients)**
Its clients include **global enterprises**, **government agencies**, **international brands**, **SMEs**, **startups**, and **educational institutions**.
Key industry verticals served:
- **Financial Services**
- **Retail & Consumer Goods**
- **Education (K–12, higher ed, coaching, edutech)**
- **Public Sector & Government**
- **Healthcare & Hospitality**
---
### **Strategic Growth Initiatives**
#### 1. **Global Expansion**
- Established **DRC Systems USA LLC** (fully owned subsidiary) to strengthen presence in the US, a $454.7B market growing at 6.7% annually.
- Launched **DRC Systems EMEA LLC-FZ** in the UAE to access booming Middle East IT markets and Free Zones.
- Strategic joint ventures and acquisitions expanded reach into Belgium, Australia, and Europe.
#### 2. **Acquisitions & Investments**
- **Inexture Solutions Limited (2025)**: Acquired to enhance expertise in **Python, Java, Spring Boot, Liferay, and FullStack development**.
- **Lnexture (2025)**: Expanded presence in **Australia and Belgium**, adding hundreds of new clients.
- **Mugenesys Software Pvt. Ltd. (2021)**: Augmented enterprise client base and tech capabilities.
- **Investment in Nighthack Technology (2023)**: Gained access to AI, ML, and blockchain innovations, especially in **edutech**, including a scalable **University Management System**.
- **Stake in AutoDAP B.V. (Netherlands, 2022)**: 2.3% equity investment to tap into European automotive data markets.
#### 3. **Joint Ventures & Strategic Partnerships**
- **EZMS LLC FZ (UAE, 2023–2024)**: Launched a **Low-Code/No-Code (LCNC) PaaS platform** targeting UAE Free Zones and Middle East governments/corporates.
- **XDuce Corporation (2023)**: Collaboration to expand global digital transformation reach, combining expertise in Oracle, Salesforce, AWS, and Microsoft.
---
### **Major Projects & Milestones**
- **NPCI Learning Experience Platform (LXP) Project (2025)**: Awarded a flagship contract by the **National Payments Corporation of India (NPCI)** to develop a phased **AI-enabled LXP** with mobile app, coding assessments, and integration with **Udemy and O'Reilly**. Strengthens positioning in government and edutech space.
- **Pimcore Implementation & Maintenance (Q3 FY2024–25)**: Launched post-deployment support services for Pimcore, creating a niche revenue stream in enterprise content and product information management.
- **Blockchain & AI Product Launches (2024–2025)**:
- **Blockchain-based document verification platform** for secure, instant issuance of digital credentials (education, finance, government).
- **AI-powered computer vision tool** for attendance and attention tracking—initially targeting coaching and eLearning sectors, with plans to expand to corporate and public sectors.
---
### **Innovation & R&D Focus**
- Heavy investment in **Generative AI (GenAI)** to power next-gen software, automation, and customer engagement tools.
- Ongoing R&D in **edutech, AI/ML, blockchain, and LCNC platforms** to drive product differentiation.
- Participation in global tech events such as **GITEX Dubai, GITEX Africa, and Open edX Conference** for brand visibility and client acquisition.
---
### **Business Model & Financial Outlook**
- **Hybrid Revenue Model**: Mix of **custom software projects**, **long-term consulting engagements**, **product-as-a-service (PaaS)**, and **maintenance/support contracts**.
- Focus on **high-margin services** and **sustainable profitability**, avoiding aggressive capital spending.
- International revenues are a key growth engine, supported by **CMMI certification** and **strategic international subsidiaries**.
- Strong order book and consistent demand from **outsourcing services**, especially from EU, UK, and Australia amid cost optimization trends.
---
### **Organizational & Cultural Strengths**
- **“WE” culture** promoting collaboration, hybrid work, and global talent retention.
- Low employee attrition, supported by performance-linked incentives and upskilling programs.
- Focus on building **future-ready talent** in Agile, DevOps, AI, and cloud technologies.