Rs 800 crore order book: This aerospace and defence company bagged an order worth Rs 32,20,87,939; Stock rallied over 14 per cent today!
The company is a major Indian Offset Partner for the "IAI Group" from Israel, specializing in manufacturing electronic sub-systems, cables, and wire harness assemblies for the Indian defence market.
DCX Systems specializes in System Integration and Cable & Wire Harnessing. The company has recently secured contracts worth Rs Rs 32,20,87,939 from both domestic and overseas clients. These contracts involve supplying Cable & Wire Harness Assemblies, with completion expected within 12 months.
The company is primarily focused on system integration, manufacturing various cables, wire harness assemblies, and kitting. They have gained recognition as a prominent Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs), particularly in the aerospace and defence manufacturing sector.
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.
Share Performance:
Today the company’s stock closed the day at Rs 358.95 per share on the BSE. The current market capitalization of DCX Systems stands at Rs 3998.22 crore. The stock has delivered a return of around 53 per cent in just 1 year.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 746 crore and an operating profit of Rs 30 crore. The operating profit margin for the quarter stands at 4 per cent. The company’s net profit stood at Rs 26 crore. In FY24, the company reported a revenue of Rs 1423 crore compared to Rs 1254 crore, and a net profit of Rs 68 crore, compared to a profit of Rs 72 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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