Rs 800 Crore Order Book: This Aerospace & Defence Electronic Stock Hits All-Time High with Heavy Volumes, Here's Why

The company’s shares have delivered a return of over 100 per cent compared to its IPO issue price.

DCX Systems shares have grabbed great investor attention today, leading to the stock hitting an all-time high. The company specializes in system integration and cable & wire harnessing and has recently been awarded contracts valued at Rs 1250 crore from Larsen & Toubro Limited, India. The contracts involve the manufacture and supply of electronic modules, to be completed within a timeframe of 3 years.

Today, the shares closed at Rs 430.45 per share on the BSE. The current market capitalization of DCX Systems stands at Rs 4794.63 crore, and the stock has generated a return of around 70 per cent in the past 1 year.

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. 

Financial performance:

According to the Quarterly Results, in Q4 FY24, DCX Systems 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.

Regarding the shareholding pattern, the promoters own 62.30 per cent of the company and the public or retail investors hold 24.24 per cent. Both FIIs and DIIs have increased their stake in the company.

Investors must keep this Small-Cap stock on their radar.

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