Rs 1,973 Crore Order Book: Aerospace & Defence Electronics Company Secures Rs 155 Crore Order; Volume Spikes Over 1.49 Times on BSE

Rs 1,973 Crore Order Book: Aerospace & Defence Electronics Company Secures Rs 155 Crore Order; Volume Spikes Over 1.49 Times on BSE

Rakesh Deshmukh

The company is a major Indian Offset Partner for ELTA Systems and Israel Aerospace Industries, supplying electronic sub-systems and wire harnesses to the Indian defense market.

The Small-Cap Aerospace and Defence company has received export orders from ELTA Systems Ltd, Israel, amounting to USD 18,495,779.10 (equivalent to approximately Rs 154.80 crore at an exchange rate of 1 USD = Rs 83.70) through a purchase order for the supply of RF electronic modules. The order is expected to be executed within 12 months.

Incorporated in 2011, DCX Systems Ltd is engaged in System Integration and Cable & Wire Harnessing. The company provides solutions that involve integrating various systems and assembling cable and wire harnesses, which are essential for ensuring efficient and reliable connectivity in various applications.

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The company is one of the largest Indian Offset Partners for ELTA Systems Limited and Israel Aerospace Industries Limited, System Missiles, and Space Division (collectively known as the "IAI Group"), Israel, catering to the Indian defence market for manufacturing electronic sub-systems, cables, and wire harness assemblies.

Today, the shares closed at Rs 345.90 per share on the BSE. The current market capitalisation of DCX Systems stands at Rs 3852.86 crore. 

According to the Quarterly Results, in Q1 FY25, the company reported a revenue of Rs 138.08 crore and an operating loss of Rs 4.81 crore. The company’s net profit stood at Rs 2.94 crore. In FY24, the company reported a revenue of Rs 1424 crore compared to Rs 1254 crore, and a net profit of Rs 76 crore, compared to a profit of Rs 72 crore in the previous year.

Regarding the shareholding pattern, the promoters own 59.78 per cent of the company and the public or retail investors hold 30.05 per cent. Both FIIs and DIIs have decreased their stake in the company.

Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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