Digilogic Systems Ltd

BSE: 544684

₹ 171-0.78%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 495 crNext results: 26 Oct 2026Website: www.digilogicsystems.comUpdated: 24 Oct 2026

About

Digilogic Systems, established in 2007, designs, develops, integrates, manufactures and supports automated test equipment, checkout systems, radar and electronic warfare simulators, application software and embedded electronics for defence and aerospace. It operates from Hyderabad as its engineering and manufacturing base. Revenue was 77.43 crore in FY26.^[1][2]

Business mix

The company operates across three verticals: Test Systems, Application Software and Services.^[1]
Revenue mix in FY26: measurement equipment about 49%, checkouts about 22%, ATEs about 17%.^[3]
Measurement equipment was the largest product category in FY26 at ₹38.14 crore.^[1]
About 70% of revenue comes from production orders and about 30% from prototyping, per the Q4 FY26 call.^[3]

Operations and capabilities

Hyderabad is the engineering, administrative and manufacturing base; Bangalore hosts marketing and customer engagement.^[1]
The current facility can support up to INR150-160 cr of revenue; it produces about 6 systems per 6 months.^[3]
Team of 100+ certified engineers and developers in FY26; quality system certified to AS9100D and ISO 9001:2015.^[1]
R&D is developing indigenous building blocks, including custom-built single-board computers aimed at baseband capability.^[1]

Order book and execution

Order book was INR31 cr in May 2026, down from INR46 cr.^[3]
More than INR22 cr of FY26 orders spilled into FY27 after hardware import lead times from US/EU OEMs rose from about 8 weeks to about 16 weeks.^[3]
Management targets INR100+ cr of purchase orders in hand by September 2026.^[3]

Customers and markets

Supported programmes move through technology transfer to production agencies such as BDL, BEL and HAL.^[1]
The company is part of 4 Design-cum-Production Partnership (DCPP) programmes and supplies them on a nomination basis.^[3]
Exports are indirect: systems ship with Indian missile exports to the Philippines, Malaysia and Cambodia, billed through BDL.^[3]
MoUs have been signed with Sperry and Eirad to enter the Airbus and Boeing supply chain; these are in the evaluation phase.^[3]
The annual report flags customer concentration in defence and aerospace customers and government tenders as a risk.^[1]

Expansion: Project Udaan

Greenfield facility on 2 acres at TGIIC Hardware Park Phase II, Hyderabad; land bought in Sep 2025, with all five major approvals received.^[4]
The planned 65,000-70,000 sft facility adds EMS (PCB assembly, SMT, X-ray, AOI) and an environmental stress screening lab.^[4]
Capacity will be about 4x the current facility, at about 20-25 systems per 6 months; the target date moved to mid-2028 from Dec 2027.^[3][4]

New subsidiary: Abhedhya Systems

Abhedhya Systems Private Limited was incorporated on 23.05.2026 for RF and microwave engineering; Digilogic is to hold 80%.^[1]
Abhedhya targets radar, electronic warfare and communication systems, with first revenue expected from FY28.^[3]

Recent developments

Completed its maiden public issue on BSE SME in January 2026, mainly to fund Project Udaan.^[4]
Repaid the Indian Bank term loan of Rs. 8.42 crore, using Rs. 8.00 crore of IPO proceeds.^[1]

Market Cap

₹495 Cr

High / Low

₹215 / 73

Stock P/E

53.3

Price / Book

0.0

Book Value

₹37

EPS

₹3.6

No. of Shares

2.9 Cr

ROCE

13.5%

ROE

9.7%

OPM

19.0%

Debt / Equity

0.04

Sales

₹77 Cr

Net Profit

₹10 Cr

Promoter holding

64.3%

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