DRCSYSTEMS

DRC Systems financials

Market cap
₹186 Cr
Sector
Information Technology

What DRC Systems does

DRC Systems India Limited is an IT services, consulting and business solutions company that designs, develops and maintains software for enterprises worldwide, operating as a single IT and IT-enabled-services business line (web and mobile app development, maintenance and testing). It earns revenue through custom software development and consulting engagements spanning cloud engineering, DevOps, ERP and digital-process automation, and emerging technologies such as AI, ML and blockchain. Its client base is organised around key industry verticals including financial services (BFSI), retail and consumer, education, manufacturing, healthcare and the public sector.

Segments

  • Digital Experience
  • Digital Transformation
  • Cloud and DevOps
  • Emerging Technologies
Employees
216
Countries of operation
3
Core service lines
4 (Digital Experience, Digital Transformation, Cloud & DevOps, Emerging Technologies)
Industry verticals served
6 (Retail, Education, Manufacturing, Healthcare, Public Sector, BFSI)
Global markets served
Europe, United States, Middle East, Asia-Pacific, Australia, India
Track record
13 years (founded 2012)
Founded 2012Headquarters GIFT City, Gandhinagar, Gujarat, IndiaEmployees 216 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 27.8%, net profit up 27.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue16 17 17 18 23 +41%27 +60%27 +61%23 +28%
EBITDA4 5 6 6 6 +38%7 +48%7 +18%6 +0%
Net profit3 4 4 4 4 +28%5 +41%6 +32%6 +28%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −40.4% 1Y

₹12.0₹14.0₹16.0₹18.0₹20.0₹22.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹21.66 on 10 Sept 2025 → ₹12.92. High ₹22.97 (11 Sept 2025), low ₹12.31 (17 Mar 2026).

Financials, as filed

Revenue grew 55.1% a year over 3 years, FY23 to FY26. Operating margin widened to 28.4%.

Year endingFY23FY24FY25FY26
Revenue₹26 Cr₹48 Cr₹65 Cr₹96 Cr
Operating profit₹6 Cr₹15 Cr₹21 Cr₹27 Cr
Operating margin22.1%31.1%31.7%28.4%
Interest₹1 Cr₹0 Cr₹0 Cr₹1 Cr
Depreciation₹1 Cr₹3 Cr₹4 Cr₹7 Cr
Net profit₹7 Cr₹12 Cr₹15 Cr₹19 Cr
Net margin26.2%24.4%23.1%20.2%
Cash from operations₹3 Cr₹28 Cr₹33 Cr₹48 Cr
Free cash flow₹-1 Cr₹3 Cr₹10 Cr₹47 Cr
ROCE31.0%30.0%30.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY22FY23FY24FY25FY26
Equity capital₹4 Cr₹4 Cr₹13 Cr₹13 Cr₹14 Cr
Reserves₹3 Cr₹30 Cr₹35 Cr₹62 Cr₹98 Cr
Borrowings₹15 Cr₹1 Cr₹1 Cr₹3 Cr₹0 Cr
Other liabilities₹3 Cr₹4 Cr₹30 Cr₹40 Cr₹41 Cr
Total liabilities₹25 Cr₹39 Cr₹79 Cr₹118 Cr₹154 Cr
Fixed assets₹3 Cr₹5 Cr₹17 Cr₹47 Cr₹45 Cr
Capital work in progress₹0 Cr₹0 Cr₹10 Cr₹0 Cr₹0 Cr
Investments₹14 Cr₹20 Cr₹21 Cr₹21 Cr₹38 Cr
Other assets₹8 Cr₹14 Cr₹30 Cr₹50 Cr₹70 Cr
Total assets₹25 Cr₹39 Cr₹79 Cr₹118 Cr₹154 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −1.60 pp while the public added +1.59 pp. The shareholder count shrank 7% to 28,004.

Promoters
20.6%
DIIs
0.4%
Public
79.0%

Since Jun 2025

  • Promoters −1.60 pp
  • Public +1.59 pp
  • DIIs +0.02 pp

How it drifted, 12 quarters

Over this window the public went from 76.4% to 79.0% — +2.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 22.6%, FIIs 1.0%, Public 76.4%.Dec '23: Promoters 22.4%, FIIs 0.7%, Public 76.9%.Mar '24: Promoters 22.4%, FIIs 0.7%, Public 76.9%.Jun '24: Promoters 22.4%, FIIs 0.4%, Public 77.2%.Sep '24: Promoters 22.4%, FIIs 0.4%, Public 77.2%.Dec '24: Promoters 22.4%, FIIs 0.2%, DIIs 0.4%, Public 77.0%.Mar '25: Promoters 22.2%, DIIs 0.4%, Public 77.4%.Jun '25: Promoters 22.2%, FIIs 0.0%, DIIs 0.4%, Public 77.4%.Sep '25: Promoters 22.2%, FIIs 0.0%, DIIs 0.4%, Public 77.5%.Dec '25: Promoters 20.6%, DIIs 0.3%, Public 79.0%.Mar '26: Promoters 20.6%, DIIs 0.3%, Public 79.0%.Jun '26: Promoters 20.6%, DIIs 0.4%, Public 79.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of DRC Systems above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Yogeshkumar Popatbhai Sutariya 9.38%unchanged
Shivben Popatlal Sutariya 9.37%unchanged
Pirimid Technologies Private Limited 9.28%unchanged
AvenuesAI Limited 8.60%unchanged
Avenues Infinite Private Limited 7.24%unchanged
Shiv Minechem 6.94%unchanged
Vishwas Ambalal Patel 3.87%unchanged
Vishal Ajitbhai Mehta 3.03%unchanged
Infinium Motors Private Limited 2.68%unchanged
Hiten Ashwinbhai Barchha 1.87%unchanged
Taraash Pharma Llp 1.76%unchanged
Gajera Kirit K 1.65%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹13, this stock must grow earnings at -1% every year for 7 years. Our analysis caps realistic growth at ~87%. At that growth it is worth ₹713 — upside of 5420%.

Growth the price implies
-0.9% a year
for 7 years, fading to 4%
It has actually compounded at
86.5% a year
net profit, FY23–FY26
The gap
-0.9 pp
5420% downside if it only repeats history
Price today ₹12.92 Value at the reference growth ₹713.21

Change the assumptions yourself →

Learn to analyse DRC Systems

Guides on how to read this kind of business and the numbers that matter.