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DRC Systems India Ltd

DRCSYSTEMS·NSE
12.67+3.09%Wed, 23 Sept '26

DRC Systems India Ltd

DRCSYSTEMS
NSE
12.67
+3.09%
|Wed, 23 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
183Cr
Close
Close Price
12.70
Industry
Industry
IT - Software
PE
Price To Earnings
8.52
PS
Price To Sales
1.82
Revenue
Revenue
101Cr
Rev Gr TTM
Revenue Growth TTM
47.26%
PAT Gr TTM
PAT Growth TTM
31.84%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
101417151617171823272723
Growth YoY
Revenue Growth YoY%
72.356.9152.9116.063.225.0-1.119.141.560.460.727.8
Expenses
ExpensesCr
7812101212111217201917
Operating Profit
Operating ProfitCr
265545666886
OPM
OPM%
25.142.028.034.127.729.635.634.927.127.629.727.4
Other Income
Other IncomeCr
000000000001
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
111111122222
PBT
PBTCr
254444555566
Tax
TaxCr
000011011000
PAT
PATCr
154434444566
Growth YoY
PAT Growth YoY%
68.229.8232.8246.8121.0-30.411.413.027.540.632.027.8
NPM
NPM%
15.037.623.125.120.320.926.123.818.318.421.423.8
EPS
EPS
0.10.40.30.30.30.30.30.30.30.40.40.4
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
101417151617171823272723
Growth YoY
Revenue Growth YoY%
72.356.9152.9116.063.225.0-1.119.141.560.460.727.8
Expenses
ExpensesCr
7812101212111217201917
Operating Profit
Operating ProfitCr
265545666886
OPM
OPM%
25.142.028.034.127.729.635.634.927.127.629.727.4
Other Income
Other IncomeCr
000000000001
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
111111122222
PBT
PBTCr
254444555566
Tax
TaxCr
000011011000
PAT
PATCr
154434444566
Growth YoY
PAT Growth YoY%
68.229.8232.8246.8121.0-30.411.413.027.540.632.027.8
NPM
NPM%
15.037.623.125.120.320.926.123.818.318.421.423.8
EPS
EPS
0.10.40.30.30.30.30.30.30.30.40.40.4

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
2026486596101
Growth
Revenue Growth%
31.486.137.146.147.3
Expenses
ExpensesCr
172033456772
Operating Profit
Operating ProfitCr
2615212828
OPM
OPM%
11.622.931.131.729.528.0
Other Income
Other IncomeCr
040001
Interest Expense
Interest ExpenseCr
010011
Depreciation
DepreciationCr
113477
PBT
PBTCr
1812172122
Tax
TaxCr
111221
PAT
PATCr
1712151921
Growth
PAT Growth%
852.074.129.428.231.8
NPM
NPM%
3.626.124.423.120.220.4
EPS
EPS
0.10.60.91.11.41.5
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
2026486596101
Growth
Revenue Growth%
31.486.137.146.147.3
Expenses
ExpensesCr
172033456772
Operating Profit
Operating ProfitCr
2615212828
OPM
OPM%
11.622.931.131.729.528.0
Other Income
Other IncomeCr
040001
Interest Expense
Interest ExpenseCr
010011
Depreciation
DepreciationCr
113477
PBT
PBTCr
1812172122
Tax
TaxCr
111221
PAT
PATCr
1712151921
Growth
PAT Growth%
852.074.129.428.231.8
NPM
NPM%
3.626.124.423.120.220.4
EPS
EPS
0.10.60.91.11.41.5

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
44131314
Reserves
ReservesCr
330355198
Current Liabilities
Current LiabilitiesCr
23293340
Non Current Liabilities
Non Current LiabilitiesCr
162212
Total Liabilities
Total LiabilitiesCr
253979100154
Current Assets
Current AssetsCr
713303119
Non Current Assets
Non Current AssetsCr
18264969135
Total Assets
Total AssetsCr
253979100154
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
44131314
Reserves
ReservesCr
330355198
Current Liabilities
Current LiabilitiesCr
23293340
Non Current Liabilities
Non Current LiabilitiesCr
162212
Total Liabilities
Total LiabilitiesCr
253979100154
Current Assets
Current AssetsCr
713303119
Non Current Assets
Non Current AssetsCr
18264969135
Total Assets
Total AssetsCr
253979100154

Cash Flow

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-13283348
Investing Cash Flow
Investing Cash FlowCr
-15-5-26-35-71
Financing Cash Flow
Financing Cash FlowCr
1540025
Net Cash Flow
Net Cash FlowCr
-122-21
Free Cash Flow
Free Cash FlowCr
-2-131047
CFO To PAT
CFO To PAT%
-152.340.6238.5218.4246.4
CFO To EBITDA
CFO To EBITDA%
-47.146.4187.6158.8169.1
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-13283348
Investing Cash Flow
Investing Cash FlowCr
-15-5-26-35-71
Financing Cash Flow
Financing Cash FlowCr
1540025
Net Cash Flow
Net Cash FlowCr
-122-21
Free Cash Flow
Free Cash FlowCr
-2-131047
CFO To PAT
CFO To PAT%
-152.340.6238.5218.4246.4
CFO To EBITDA
CFO To EBITDA%
-47.146.4187.6158.8169.1

Ratios

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
141212270400197183
Price To Earnings
Price To Earnings
20.031.823.226.510.28.5
Price To Sales
Price To Sales
7.28.35.76.12.11.8
Price To Book
Price To Book
2.16.25.76.21.81.6
EV To EBITDA
EV To EBITDA
68.535.918.019.26.96.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
68.481.375.369.868.468.4
OPM
OPM%
11.622.931.131.729.528.0
NPM
NPM%
3.626.124.423.120.220.4
ROCE
ROCE%
5.825.225.626.019.119.1
ROE
ROE%
10.419.524.423.317.217.2
ROA
ROA%
2.817.114.815.212.612.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
141212270400197183
Price To Earnings
Price To Earnings
20.031.823.226.510.28.5
Price To Sales
Price To Sales
7.28.35.76.12.11.8
Price To Book
Price To Book
2.16.25.76.21.81.6
EV To EBITDA
EV To EBITDA
68.535.918.019.26.96.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
68.481.375.369.868.468.4
OPM
OPM%
11.622.931.131.729.528.0
NPM
NPM%
3.626.124.423.120.220.4
ROCE
ROCE%
5.825.225.626.019.119.1
ROE
ROE%
10.419.524.423.317.217.2
ROA
ROA%
2.817.114.815.212.612.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
DRC Systems India is an IT services firm that builds custom software and runs digital transformation projects for clients across the world - essentially, a hired team of developers, project managers and strategists who take a business problem and turn it into working code. It was founded in 2012 and gained its current shape in late 2020 when a court-approved restructuring moved a software undertaking from Infibeam Avenues into DRC, after which DRC’s shares listed on the BSE and NSE in March 2021. The recurring approach is to combine organic hiring with targeted acquisitions and partnerships, steadily adding new technology skills and geographic reach while keeping the core model the same: consulting-led, AI-assisted software delivery for a global roster of mid-sized and large clients. # Business segments A single engine - IT services and digital solutions - delivered globally across six industry verticals, with a growing network of subsidiaries and associates that extend its geographic and technological reach. ## 1. IT services and digital solutions: the company’s only business **DRC writes, maintains and modernises software for clients around the world, earning revenue project by project from a spread of industries so that no single sector calls the shots.** - **Full-lifecycle software delivery** - the company handles everything from discovery and design through coding, testing, deployment and ongoing maintenance, covering web and mobile apps, e-commerce storefronts, content management systems and e-learning platforms. That means a client can hand over a rough requirement and get a finished, hosted product without having to stitch together multiple vendors. - **Four service lines under one roof** - the work is organised into Digital Experience (websites, mobile apps, QA testing), Cloud and DevOps (cloud migration and infrastructure management), Digital Transformation (application modernisation, ERP, process automation) and Emerging Technologies (AI, machine learning, blockchain, chatbots). This lets the company cross-sell: a client that came for a website rebuild might stay for cloud migration or an AI-powered chatbot. - **A broad technology stack reduces “no” answers** - the company’s engineers work across frontend frameworks like React and Angular, backend languages including Java, Python and.Net, databases from MySQL to MongoDB, and platforms such as AWS, Azure and Google Cloud. Because the toolkit is wide, DRC can take on projects in many flavours without turning clients away for lack of the right technical fit. - **Global client base, six verticals** - customers are spread across Europe, the United States, the Middle East, Asia-Pacific, Australia and India, and concentrated in six industries: Retail, Healthcare, Education, Public Sector, Manufacturing and BFSI. The geographic and sector spread means a slowdown in one region or industry does not freeze the whole business. - **People-first delivery with a subcontractor safety valve** - as of March 2025 the company had 216 employees, roughly a fifth of them women, and it hires fresh graduates from Indian campuses alongside experienced architects and project leads. When it cannot staff a new project fast enough in-house, it uses subcontractors to start the work immediately, then gradually replaces them with permanent hires to protect margins. # Group structure and partners **A web of wholly owned subsidiaries, an associate and a joint venture extends DRC’s sales reach into the Middle East and North America, while a recent acquisition-turned-associate adds technical depth.** - **Dubai subsidiary opens the Middle East** - DRC Systems EMEA LLC-FZ, incorporated in Dubai and wholly owned, sells IT services including cloud, analytics, ERP and AI to small and medium enterprises in online retail, education, hospitality and tourism across the region. Its turnover has grown each year, and in January 2026 the board approved up to USD 1 million in further investment without diluting DRC’s 100% holding. - **US subsidiary plants a flag in North America** - DRC Systems USA LLC, a wholly owned unit in Delaware incorporated for a cost not exceeding USD 100, builds custom software and mobile apps for the American market and began generating sales immediately after it was set up in 2023. - **A joint venture for government and large-corporate deals** - DRC Systems EMEA LLC-FZ, the Dubai subsidiary, entered into a Joint Venture Agreement on July 24, 2023 with UAE-based partner EZMS LLC FZ to form a joint venture company, offering a Low-Code No-Code platform as a service. - **Inexture adds Python and Java muscle** - in August 2025 DRC acquired a 50.02% stake in Inexture Solutions, an Ahmedabad-based IT services firm with expertise in Python, Java, FullStack and Liferay, to strengthen its technology capabilities and help push into the US, Belgium and Australia. The stake later dipped to 49.18% after Inexture issued more shares, so it is now an associate rather than a subsidiary. - **Earlier investments show the pattern** - DRC has previously taken a 23.34% stake in Nextenders, an e-procurement software firm with public-sector clients across India, Africa and the Philippines that had processed over 625,000 transactions worth more than USD 15 billion, and a 2.3% stake in Netherlands-based AutoDAP, both reflecting the same buy-or-partner-to-expand playbook.

Documents — DRC Systems India Ltd

  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/dm1todksr7g80mqhuto69a0d.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/z8dnxe7a3ckcci4fsnk5dv57.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/6f7uzaaj3eftiomcyf8knumo.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/i4uosdf9kfe6gxgcxc0zw7a8.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/n5z5a0atbj1xgb4e4czx61xo.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/744k89rpidvie0ubsixc4qe7.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/dzp0pd53sfd9fg9s0tsfy4t7.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/8tdudqsji73vftbaqrq0t8be.pdf
  • Q4 FY2021 Investor Presentation (Mar 2021, PDF): https://www.stockscans.in/document/84qlm2gmqusz1xil4317cz3o.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/lodau17zo1mv02qeaxtcbj46.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/mlihgcgu46yxgfn10mupb953.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/4onjpe7dd63mcgla9ybickam.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/osyn5x6s2uk6oearj73crj31.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/1q3gnpdiooysp40glvjt887s.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/33l87mw3t8tmzrq50neofu3s.pdf