---
title: "Danfoss Systems Ltd. (VICKERSYS) — Share Price, Financials & Analysis"
symbol: "VICKERSYS"
company: "Danfoss Systems Ltd."
canonical: "https://tapetide.com/stocks/VICKERSYS"
generated_at: "2026-10-13T11:02:29.383Z"
---

# Danfoss Systems Ltd. (VICKERSYS)

Canonical page: https://tapetide.com/stocks/VICKERSYS

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 13.5%

### Weaknesses

- The company has delivered a poor sales growth of 8.27% over past five years.
- Company has a low return on equity of 13.5% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 87.8 to 106 days.
- Working capital days have increased from 52.6 days to 74.3 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 245% | -7% | 31% |
| revenue growth | -3% | 2% | 8% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 242 | 186 | 225 | 242 | 245 | 284 | 348 | 455 | 376 | 365 |
| Expenses | 229 | 198 | 225 | 237 | 230 | 276 | 315 | 423 | 358 | 335 |
| Operating Profit | 12 | -12 | 0 | 5 | 15 | 8 | 33 | 32 | 18 | 31 |
| OPM % | 5 | -7 | -0.1 | 2.1 | 6 | 2.7 | 9 | 7 | 4.9 | 8 |
| Other Income | 1 | 1 | 1 | 0 | 2 | 2 | 2 | 4 | 1 | 4 |
| Interest | 1 | 3 | 4 | 6 | 7 | 8 | 9 | 10 | 9 | 8 |
| Depreciation | 4 | 6 | 5 | 6 | 6 | 6 | 6 | 7 | 8 | 9 |
| Profit before tax | 8 | -21 | -9 | -7 | 4 | -4 | 19 | 19 | 2 | 18 |
| Tax % | 52 | 23 | 0 | 0 | 0 | -238 | 5 | 38 | 546 | 18 |
| Net Profit | 4 | -25 | -9 | -7 | 4 | 6 | 18 | 12 | -10 | 15 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 41 | 16 | 7 | 1 | 4 | 10 | 28 | 38 | 27 | 42 |
| Borrowings | 24 | 50 | 61 | 68 | 78 | 98 | 98 | 98 | 98 | 98 |
| Other Liabilities | 102 | 79 | 87 | 100 | 81 | 106 | 138 | 167 | 125 | 113 |
| Total Liabilities | 174 | 152 | 162 | 176 | 170 | 221 | 271 | 310 | 258 | 260 |
| Fixed Assets | 29 | 28 | 27 | 28 | 25 | 28 | 30 | 34 | 46 | 42 |
| CWIP | 3 | 2 | 3 | 2 | 1 | 6 | 8 | 9 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 143 | 122 | 131 | 146 | 144 | 186 | 232 | 267 | 210 | 218 |
| Total Assets | 174 | 152 | 162 | 176 | 170 | 221 | 271 | 310 | 258 | 260 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | -18 | -2 | 9 | -5 | 2 | 23 | 17 | 20 | 6 |
| Cash from Investing Activity | -8 | -3 | -6 | -5 | -3 | -15 | -13 | -10 | -12 | 0 |
| Cash from Financing Activity | 3 | 24 | 7 | 0 | 6 | 15 | -9 | -9 | -9 | -10 |
| Net Cash Flow | 2 | 2 | -1 | 4 | -1 | 2 | 2 | -1 | -1 | -4 |
| Free Cash Flow | -1 | -22 | -8 | 3 | -7 | -13 | 10 | 7 | 7 | 4 |
| CFO/OP | 126 | 109 | -1091 | 188 | -30 | 31 | 82 | 71 | 124 | 11 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 84 | 94 | 90 | 84 | 90 | 94 | 98 | 84 | 74 | 106 |
| Inventory Days | 118 | 118 | 98 | 103 | 94 | 88 | 92 | 86 | 93 | 106 |
| Days Payable | 179 | 144 | 147 | 169 | 128 | 140 | 166 | 154 | 139 | 133 |
| Cash Conversion Cycle | 23 | 67 | 41 | 19 | 56 | 42 | 25 | 17 | 27 | 79 |
| Working Capital Days | 1 | -49 | -60 | 29 | 80 | 48 | 40 | 40 | 44 | 74 |
| ROCE % | 14 | -23 | -6 | 1 | 13 | 4 | 23 | 21 | 8 | 18 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 2 / 11 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.57 | Buy |
| EMA (10) | 25.48 | Sell |
| SMA (20) | 26.72 | Sell |
| EMA (20) | 26.15 | Sell |
| SMA (50) | 28.9 | Sell |
| EMA (50) | 31.84 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.17 | Neutral |
| MACD (12,26,9) | -1.27 | Buy |
| Stochastic (14,3,3) | 42.23 | Neutral |
| ADX (14) | 19.01 | Neutral |
| Williams %R (14) | -50.4 | Neutral |
| ATR (14) | 1.59 | High Volatility |
| ROC (12) | -5.63 | Sell |
| Stoch RSI (14) | 72.68 | Neutral |
| UO (7,14,28) | 61.41 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:29.383Z.