Rs 1,937 crore order book: Defence company bags new order worth USD 2,23,23,200 (Rs 187.29 crore) from Overseas Customer
The stock is up by 47.7 per cent from its 52-week low of Rs 235 per share.
DCX Systems Limited has been awarded a contract from an overseas customer to supply electronic kits. This international purchase order is valued at USD 22,323,200.00 (approximately Rs 187.29 crore at an exchange rate of 1 USD = Rs 83.90) and must be completed within 12 months of the award date. The specific terms and conditions of the contract are not publicly disclosed, but it is anticipated that the kits will be supplied to an overseas location. This significant contract win is expected to contribute to the company's growth and profitability.
DCX Systems Ltd., established in 2011, is a leading Indian company specialising in system integration, cable and wire harness manufacturing, and kitting. Renowned as a trusted Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs), particularly in the aerospace and defence sectors, DCX Systems has forged strong partnerships with companies such as ELTA Systems Limited and Israel Aerospace Industries Limited (IAI Group). With a diverse customer base spanning Israel, the United States, Korea, and India, DCX Systems offers a wide range of products and services to clients in the defence industry, multinational corporations, and startups.
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The company collaborates with OEMs in Israel and the US to supply products for aerospace and defence programs, both offset and non-offset. DCX Systems' extensive customer portfolio includes domestic and international OEMs, private companies, and public sector undertakings in India, catering to sectors ranging from defence and aerospace to space ventures and railways. Notable customers include IAIELTA Systems Ltd, Bharat Electronics, IAI, RAFAEL Advanced Defense Systems Ltd, DCX-CHOL Enterprises Inc., ALPHA-ELSEC Defense & Aerospace Systems Pvt Ltd, Alpha Design Technologies Pvt Ltd, Lockheed Martin, SFO Technologies, Astra Rafael Comsys Pvt Ltd, Astra Microwave Products Ltd, METEK and more.
On Wednesday, shares of DCX Systems Ltd were locked in a 5 per cent upper circuit to Rs 347 per share from its previous closing of Rs 330.50. The company has a market cap of Rs 3,865 crore and as of June 30, 2024, has an order book of Rs 1,937 crore. The stock is up by 47.7 per cent from its 52-week low of Rs 235 per share. Investors should keep an eye on this defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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