Digilogic Systems Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Digilogic Systems Ltd trades at ₹171, in a confirmed uptrend and 33 weeks into that stage. That is +35.8% against its own 200-day average. It sits at 59% of a 52-week range of ₹117 to ₹208. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 33 of stage 2, confirmed. At ₹171 it trades +35.8% versus its 200-day average and sits at 59% of its 52-week range (₹117–₹208).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved +36% while the NIFTY 500 moved −3% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Digilogic Systems Ltd trades at 50.0× P/E, at the pricey end of its own range (90th percentile). Its long-run median P/E is 16.6×, measured across 0.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 50.0× is at the pricey end of its own range (90th percentile), against a long-run median of 16.6× measured over 0.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Digilogic Systems Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

56.1/100 — rank 5 of 5 in Electronics - Others · 25% evidence confidence · provisional, ranked below fully-evidenced peers

Digilogic Systems Ltd scores 56.1 out of 100 against the 5 companies it is compared with in Electronics - Others, ranking 5. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.7 + 18.6 + 10.8 + 10 = 56.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Digilogic Systems Ltd reported ₹59.0 Cr of revenue in the Mar 26 quarter. Over 5 years it has compounded at 30.9% a year. The last full year, FY26, came in at ₹77.0 Cr.

FY26 revenue came in at ₹77.0 Cr (+6.9% on the year), capping 5 years at 30.9% compound. The latest quarter (Mar 26) printed ₹59.0 Cr, null year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Digilogic Systems Ltd's operating margin is 21.0% in the Mar 26 quarter. That is the widest this company has ever printed on a full-year basis. Across 6 fiscal years the operating margin has ranged 10.0% to 20.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 21.0%, null pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 10.0%–20.0%, and FY26's 20.0% is the top of that band — a record year.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Digilogic Systems Ltd earned ₹9.0 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹10.0 Cr. The 5-year compound rate is 58.5%. That is 15.3% of the quarter's revenue.

Mar 26 profit was ₹9.0 Cr, null year on year. On the full year, FY26 printed ₹10.0 Cr (+25.0%), and the 5-year compound rate is 58.5%.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 35% of Digilogic Systems Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹13.0 Cr of operating cash against ₹10.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹7.0 Cr was left as free cash.

FY26: operating cash of ₹13.0 Cr against reported profit of ₹10.0 Cr, leaving free cash of ₹7.0 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 35% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at 35%: the cash cycle stretched 83 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 83 days — the next section's job is to find where the cash is stuck.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Digilogic Systems Ltd's cash conversion cycle runs 129 days in FY26, up from 46 days in FY21. Capital spending ran ₹9.0 Cr over the last 3 years. At FY26 sales of ₹77.0 Cr each day of that cycle holds about ₹0.2 Cr, so roughly ₹27.0 Cr sits inside the business at any moment.

FY26: debtors at 203 days, inventory at 61 days — roughly 2.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 129 days, looser than FY21's 46.

The full loop: cash goes out to suppliers and production on day 0; stock waits 61 days to sell; customers pay about 203 days after that; and suppliers themselves are paid at 134 days — netting out to the 129-day cycle.

In money terms: at FY26 sales of ₹77.0 Cr, each day of the cycle holds about ₹0.2 Cr — so the 129-day loop keeps roughly ₹27.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹9.0 Cr over the last 3 fiscal years against ₹5.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Digilogic Systems Ltd earns a ROCE of 19% in FY26. That is up from a trough of 17% in FY22. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 13.0% net margin on 0.56× asset turns.

FY26 ROCE is 19%, recovered from a FY22 trough of 17% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 13.0% net margin × 0.56× asset turns × 1.27× balance-sheet leverage ≈ 9.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Digilogic Systems Ltd carries ₹4.0 Cr of borrowings against ₹108 Cr of equity in FY26, a debt-to-equity of 0.04. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹8.0 Cr to ₹4.0 Cr. Capital spending ran ₹9.0 Cr across the last 3 of those years.

FY26: borrowings of ₹4.0 Cr against equity of ₹108 Cr — a debt-to-equity of 0.04. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹8.0 Cr to ₹4.0 Cr while capital spending ran ₹9.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Digilogic Systems Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Digilogic Systems Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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