NSE: DCI · BSE: 543636
DC INFOTECH AND COMUN LTD
Operates as an end-to-end IT infrastructure solutions provider, distributing and reselling enterprise technology products while building a services business around them. The company reports two segments: Products, which contributed 78.1% of segment revenue at ₹575.29 crore in FY26, and Security Software and Services, which contributed 21.9% at ₹161.68 crore. The Products business covers networking, unified communications and collaboration, and cybersecurity solutions sold to Indian enterprises — on a FY25 basis, management described that mix as 50% networking, 25% UCC, and 25% cybersecurity — and is anchored by a renewed three-year Tata Communications reseller agreement covering networking, cloud, and enterprise communications. The Security Software and Services segment includes the company's own security offerings, including a Zscaler data security specialization, and a Dubai subsidiary was incorporated in July 2025 to support Middle East/Africa expansion. FY26 revenue was ₹736.97 crore with PAT of ₹21.21 crore and EBITDA margin of 5.04%. The cost structure is light — employee costs 1.8% of revenue, other operating expenses 2.4%, and materials effectively 0%. Management has stated targets to cross ₹1,000 crore in revenue over 2-4 years and double the services share of revenue from 19% to roughly 38% over 2-3 years. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Products (78%), Security Software and Services (22%). Asset-light IT distribution and services with thin margins and a stated shift toward services
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 737 |
| EBITDA (ex other income) | 35 |
| margin % | 4.8 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 13.48 |
| ROE % · ROCE % | 19.7 · 33.5 |
| Debt / equity (x) | 0.81 |
| Cash from operations | (37) |
| Capex | (6) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 196 | 239 | 167 |
| Profit before tax | 8 | 7 | 6 |
| Net profit | 6 | 6 | 5 |
| EPS (₹) | 4.01 | 3.52 | 2.84 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Products | 310 | 71.1 |
| Security Software and Services | 126 | 28.9 |
| Total, before eliminations | 435 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.6 | 15.0 | 53 of 65 | 19% |
| P/B | 5.0 | 2.6 | 46 of 65 | 30% |
| ROCE | 25.6 | 14.2 | 10 of 76 | 88% |
| ROE | 19.7 | 11.5 | 14 of 64 | 79% |
| Debt / Equity | 0.8 | 0.0 | 58 of 65 | 11% |
| EBITDA margin | 5.3 | 18.4 | 51 of 65 | 22% |
| Market cap | 537 | 419 | 36 of 76 | 53% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · SDD Compliance Certificate filed for quarter ended Sept 30, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closure ahead of Q2 FY26 results | compliance | minimal | — | — |
| 26 Sept 2026 · DC Infotech says no undisclosed info behind volume spike | compliance | low | — | — |
| 25 Sept 2026 · BSE seeks clarification on volume movement | compliance | low | — | — |
| 24 Sept 2026 · Company clarifies on unusual spike in trading volume | compliance | low | — | — |
| 24 Sept 2026 · NSE queries DC Infotech on sudden spike in trading volume | regulatory legal | high | — | — |
| 19 Sept 2026 · AGM voting results: all 3 resolutions passed, final dividend declared | compliance | minimal | — | — |
| 19 Sept 2026 · AGM held; final dividend of Re 0.10 per share declared; voting results to follow | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Pre-intimation: Participation in Arihant Bharat Connect Conference | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Investor meet held with Swaraj Holdings on 4 September 2026 | investor communications | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.