Rs 1,194.62 crore order book: Aerospace & defence stock to keep under radar as company reports growth of 6 per cent in PAT in H1
The stock is up by 24.3 per cent from its 52-week low of Rs 1,757.40 per share.
Data Patterns (India) Limited is a leading player in the Indian defence and aerospace electronics sector, renowned for its comprehensive capabilities across the entire product lifecycle. The company excels in the design, development, and production of electronic hardware, software, firmware, mechanical components, and product prototypes. Its expertise extends to rigorous testing, validation, and verification processes, ensuring the highest quality standards. Data Patterns' diverse portfolio encompasses a wide range of products and systems, including radars, electronic warfare suites, communication systems, avionics, small satellites, and automated test equipment. The company has been instrumental in contributing to significant defence programs such as the Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos missile, and various communication and electronic intelligence systems. Collaborating closely with key stakeholders like Hindustan Aeronautics Limited, Bharat Electronics Limited, DRDO, and ISRO, Data Patterns plays a vital role in India's indigenous defence and space research initiatives.
The company's total revenue for the quarter ended September 30, 2024, decreased by 13.5 per cent to Rs 103.06 crore, compared to Rs 119.15 crore in the same quarter of the previous year. Revenue from operations declined by 16 per cent during the same period. Despite the revenue decline, the company's Profit After Tax (PAT) remained relatively stable, decreasing by 10.4 per cent to Rs 30.28 crore in the quarter ended September 30, 2024, from Rs 33.79 crore in the corresponding quarter of the previous year.
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For the first half of the fiscal year 2024-2025, Data Patterns reported flat total revenue of Rs 220 crore. Revenue from operations decreased by 1.5 per cent from Rs 198 crore to Rs 195.10 crore in the corresponding half-year period. However, the company's PAT increased by 6 per cent from Rs 59.62 crore to Rs 63.07 crore. In its annual results, the net sales increased by 14.6 per cent to Rs 519.80 crore and net profit increased by 46.5 per cent to Rs 181.69 crore in FY24 compared to FY23.
Data Patterns currently has an order book of Rs 1,053.22 crore. Additionally, the company has negotiated orders worth Rs 141.40 crore, which are yet to be confirmed. Once these negotiated orders are converted, the total order book will be Rs 1,194.62 crore. This represents a significant increase from the order book of Rs 1,083.07 crore as of April 1, 2024. The strong order book, coupled with the company's strategic focus on the defence and aerospace electronics sectors, positions Data Patterns well for future growth.
On Monday, shares of Data Patterns (India) Limited plunged 5.92 per cent to Rs 2,183.05 with an intraday high of Rs 2,255 per share and an intraday low of Rs 2,081.85 from its previous closing of Rs 2,320.30 per share. The stock is up by 24.3 per cent from its 52-week low of Rs 1,757.40 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.