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DC INFOTECH AND COMMUNICATION (DCI)

Electronic Technology · Telecommunications Equipment · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.31 / 100
Profitability 45Balance sheet 18
Compare withSTERLITE TECHNOLOGIESHFCLASTRA MICROWAVE PRODUCTS

Share price

Closing priceAdjusted for splits and bonus issues.

₹330.35 latest close · +17.6% over the last 90 sessions

₹250₹300₹350₹400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹250₹300₹350₹400Jul 3Sep 4Nov 9

₹330.35 month-end · +29.7% over 12 months

₹250₹300₹350Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹250₹300₹350Nov '25May '26Nov '26

₹330.35 month-end · +15.8% since Jun '25

₹200₹250₹300₹350Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹200₹250₹300₹350Jun '25Mar '26Nov '26

52-week range ₹208.98 to ₹475.00 · 1-year volatility 52.6%

Was the rally earned?

+30%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 32 points, but investors now pay less per rupee of profit (P/E 24.9x to 24.5x), which took 2 points back.
  • The share count rose 20%.
Net profit growth: +52 pts. Points of the price return explained by net profit growing (or shrinking).+52 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 ptsP/E changeShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21 ptsShare count changeShare price: +30%+30%Share priceNet profit growth: +52 pts. Points of the price return explained by net profit growing (or shrinking).+52ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: −21 pts. Points of the price return explained by the share count changing. More shares count against the price.−21SharesShare price: +30%+30%Share price
Net profit growth+52 ptsNet profit rose about 58%, which lifts the price.
P/E change-2 ptsThe P/E fell from 24.9x to 24.5x, which lowers the price.
Share count change-21 ptsShare count rose 20%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with STERLITE TECHNOLOGIES

How rough has the ride been?

Maximum drawdown-63.7%recovered 2022-10
1-year volatility52.6%annualised
Beta vs sector index0.353-year daily, correlation 0.17
Volume spikes24last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%202120222023202420252026−63.7% 0%−20%−40%−60%202220242026−63.7%
Largest drawdowns

-63.7% (2022-01 peak to 2022-01 low, recovered 2022-10)

-53.2% (2024-08 peak to 2026-01 low, not yet recovered)

-45.6% (2022-11 peak to 2023-03 low, recovered 2023-06)

Most recent volume spikes

2026-09-28: 9.2x the 50-day median, price +8.2% that day

2026-09-24: 32.3x the 50-day median, price +12.6% that day

2026-09-17: 8.7x the 50-day median, price +7.0% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE72nd
  • Op. margin18th
  • Revenue growth67th
  • EPS growth52nd
  • Debt/equity ↓14thflat vs a year ago
  • Cash cycle ↓69th▼ 4 pts vs a year ago
  • P/E ↓68th▼ 16 pts vs a year ago
  • 12M momentum68th▲ 33 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~17%annual earnings growth implied by the price

At a P/E of 24.5x, the price would imply about 17.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹330.35
P/E
24.5x
ROCE
23.0%
Market Cap
₹542 cr
Revenue (TTM)
₹756 cr
P/S
0.7x
P/B
5.1x
ROE
20.7%
Operating Margin
4.7%
Debt / Equity
0.8x
Promoter Holding
62.2%
12M Momentum
29.7%

52-week range

₹208.98₹475.00
46% of the way from its 52-week low to its high

Price risk

1Y volatility
52.6%
Beta vs sector
1-year daily
0.22

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.1x
Share count, 1Y
+14.3%

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.4%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters added 2.2 pts; FIIs added 1.2 pts.
  • The number of shareholders rose from 2,952 to 8,851 (+200%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters60.0%62.2%+2.2 pts
FIIs0.0%1.2%+1.2 pts
DIIs———
Public and others40.0%36.6%-3.4 pts

Number of shareholders

8,851shareholders+200% since Sep '23
3k6k8k11k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 2,952
Dec '23: 3,429
Mar '24: 5,333
Jun '24: 7,020
Sep '24: 9,909
Dec '24: 10,769
Mar '25: 10,669
Jun '25: 10,338
Sep '25: 10,706
Dec '25: 10,219
Mar '26: 9,404
Jun '26: 8,851
 3k6k8k11k Sep '23Sep '24Sep '25Jun '26
Sep '23: 2,952
Dec '23: 3,429
Mar '24: 5,333
Jun '24: 7,020
Sep '24: 9,909
Dec '24: 10,769
Mar '25: 10,669
Jun '25: 10,338
Sep '25: 10,706
Dec '25: 10,219
Mar '26: 9,404
Jun '26: 8,851

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+16.5%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like DC INFOTECH AND COMMUNICATION today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −28% to +51% vs the market, against −4% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +20.2%, 80% range +6.7% to +29.4%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
ACCURACY · Oct 2022: −71.2% vs market
FOODSIN · Sep 2023: −52.7% vs market
ATMASTCO · Aug 2025: −41.9% vs market
MEGASTAR · Jun 2023: −41.2% vs market
SOLEX · Jul 2025: −37.9% vs market
SHIVATEX · Jul 2021: −36.8% vs market
GEEKAYWIRE · Apr 2024: −35.8% vs market
TOTAL · Dec 2022: −35.7% vs market
KRITI · Aug 2024: −35.4% vs market
EUROBOND · Oct 2025: −29.6% vs market
RITCO · Feb 2025: −29.5% vs market
CENTEXT · Oct 2025: −29.0% vs market
CGRAPHICS · Oct 2025: −28.4% vs market
SHERA · Jul 2024: −24.8% vs market
HARRMALAYA · May 2021: −24.2% vs market
GPTINFRA · Mar 2025: −16.7% vs market
LUMAXIND · Jun 2023: −10.5% vs market
NACLIND · Apr 2022: −2.7% vs market
ASHAPURMIN · Aug 2023: +1.3% vs market
DPABHUSHAN · Aug 2022: +3.0% vs market
SKIPPER · Jul 2025: +3.1% vs market
BIGBLOC · Mar 2023: +6.0% vs market
TCPLPACK · Oct 2023: +6.3% vs market
BCLIND · Jun 2022: +9.0% vs market
TPLPLASTEH · Mar 2024: +16.3% vs market
KAMDHENU · May 2021: +16.6% vs market
KHAICHEM · Dec 2021: +17.4% vs market
SALASAR · Sep 2023: +25.3% vs market
KECL · Oct 2023: +25.8% vs market
HITECH · Feb 2023: +29.3% vs market
GOODLUCK · May 2023: +29.9% vs market
AGARIND · Nov 2022: +32.2% vs market
HITECHCORP · Aug 2020: +32.5% vs market
FILATEX · Feb 2021: +41.1% vs market
RAMASTEEL · Sep 2022: +42.8% vs market
DYCL · Jun 2024: +49.7% vs market
THANGAMAYL · Apr 2021: +51.1% vs market
TEMBO · Sep 2023: +51.1% vs market
RAMRAT · Apr 2025: +61.5% vs market
PRICOLLTD · Dec 2021: +65.7% vs market
CEMPRO · Sep 2023: +68.4% vs market
DSSL · May 2023: +78.3% vs market
PGIL · Oct 2025: +91.5% vs market
KAPSTON · May 2025: +105.4% vs market
PITTIENG · Oct 2022: +113.1% vs market
GRAVITA · May 2021: +139.8% vs market
JASH · Jul 2020: +142.0% vs market
KDDL · Nov 2022: +161.4% vs market
SKYGOLD · Oct 2025: +162.3% vs market
UTSSAV · Oct 2025: +282.0% vs market
Similar setups +16.5%All companies −3.7%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 7 beyond the range shown, drawn at the edge

Similar setups' median
+16.5%
All companies' median
−3.7%
Beat the market
64% vs 46%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
THANGAMAYL
Consumer Durables		 Apr 2021 20x21% +139%−9% +51%
DSSL
Technology Services		 May 2023 32x28% +52%−13% +78%
KAPSTON
Commercial Services		 May 2025 35x— +41%−21% +105%
GRAVITA
Non-Energy Minerals		 May 2021 22x19% +209%−9% +140%
MEGASTAR
Process Industries		 Jun 2023 29x23% +69%−11% −41%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
PRICOLLTD
Producer Manufacturing		 Dec 2021 33x16% +138%−12% +66%
KRITI
Producer Manufacturing		 Aug 2024 51x19% +104%−10% −35%
DPABHUSHAN
Miscellaneous		 Aug 2022 22x24% +104%−11% +3%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to DC INFOTECH AND COMMUNICATION. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

ADVANCE AGROLIFEADVANCE
Process Industries
70%similar
debt/equityvolatility
VISION INFRA EQUIPMENT SOLVIESL
Miscellaneous
65%similar
P/Evolatility
KANPUR PLASTIPACKKANPRPLA
Producer Manufacturing
57%similar
revenuemarket cap
PATEL RETAILPATELRMART
Retail Trade
55%similar
operating marginmarket cap
UNITED POLYFAB GUJARATUNITEDPOLY
Process Industries
53%similar
debt/equityrevenue
OSEL DEVICESOSELDEVICE
Electronic Technology
70%similar
ROCEvolatility
PROSTARM INFO SYSTEMSPROSTARM
Electronic Technology
48%similar
P/Emarket cap
HPL ELECTRIC & POWERHPL
Electronic Technology
28%similar
debt/equityP/E

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jan '22

  1. SepPriceVolume reached 103.2x its 50-day median on 2026-09-15; price -2.6% that day.
  2. JunDividendStarted paying a dividend (payout 8% of profit).
  3. JunSharesShare count is up 14.3% over 12 months.
  4. AprPriceVolume reached 32.1x its 50-day median on 2026-04-08; price -3.8% that day.
  5. FebPriceVolume reached 27.9x its 50-day median on 2026-02-19; price -0.5% that day.
  6. JanPriceFell 53% from the Aug 2024 peak to the Jan 2026 low.
  7. SepPromoterPromoter holding rose 4.6 pts to 63.8%.
  8. AugPriceVolume reached 43.3x its 50-day median on 2025-08-05; price +8.0% that day.
Show 22 earlier events
  1. MarPromoterPromoter holding rose 2.1 pts to 59.1%.
  2. MarPriceVolume reached 13.6x its 50-day median on 2025-03-10; price -3.9% that day.
  3. DecPriceVolume reached 9.9x its 50-day median on 2024-12-27; price +4.9% that day.
  4. JulPriceVolume reached 6.9x its 50-day median on 2024-07-18; price -5.0% that day.
  5. JunPromoterPromoter holding fell 4.6 pts to 55.4%.
  6. AprPriceRegained the 2024-02 peak, 1 month after the low.
  7. AprPriceVolume reached 13.5x its 50-day median on 2024-04-12; price -5.0% that day.
  8. MarPriceFell 25% from the Feb 2024 peak to the Mar 2024 low.
  9. FebPriceRegained the 2023-11 peak, 2 months after the low.
  10. JanPriceVolume reached 45.5x its 50-day median on 2024-01-03; price -3.1% that day.
  11. DecPriceFell 26% from the Nov 2023 peak to the Dec 2023 low.
  12. DecPriceVolume reached 36.1x its 50-day median on 2023-12-27; price -1.7% that day.
  13. SepPriceVolume reached 9.7x its 50-day median on 2023-09-18; price +0.0% that day.
  14. JunPriceRegained the 2022-11 peak, 3 months after the low.
  15. AprPriceVolume reached 9.0x its 50-day median on 2023-04-27; price -5.0% that day.
  16. MarPriceFell 46% from the Nov 2022 peak to the Mar 2023 low.
  17. MarPriceVolume reached 12.2x its 50-day median on 2023-03-21; price +2.0% that day.
  18. OctPriceRegained the 2022-01 peak, 9 months after the low.
  19. OctPriceVolume reached 13.5x its 50-day median on 2022-10-27; price +3.3% that day.
  20. FebPriceVolume reached 5.0x its 50-day median on 2022-02-03; price +0.0% that day.
  21. JanPriceRegained the 2021-11 peak, 2 months after the low.
  22. JanPriceFell 64% from the Jan 2022 peak to the Jan 2022 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1124.5x₹756 cr20.7%23.0%0.8x
2026-1024.5x₹756 cr20.4%23.0%0.8x
2026-0924.9x₹756 cr20.4%23.0%0.8x
2026-0828.1x₹737 cr19.9%23.0%0.8x
2026-0724.9x₹737 cr19.9%23.0%0.8x
2026-0620.2x₹737 cr19.9%23.0%0.8x
2026-0523.6x₹670 cr26.8%—0.7x
2026-0423.1x₹670 cr26.8%—0.7x
2026-0324.3x₹670 cr26.8%—0.7x
2026-0222.5x₹608 cr23.4%—0.7x
2026-0119.9x₹608 cr23.4%—0.7x
2025-1222.3x₹608 cr23.4%—0.7x
2025-1124.9x₹555 cr19.4%—0.7x
2025-1025.0x₹555 cr19.4%—0.7x
2025-0925.1x₹555 cr19.4%—0.7x
2025-0823.6x₹555 cr19.4%—0.7x
2025-0721.0x₹555 cr19.4%—0.7x
2025-0627.9x₹555 cr19.4%—0.7x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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