Rs 1,937 Crore Order Book: Defence Company Bags New Exports Orders Worth Rs 10,31,00,000 From Overseas Customers

The stock is up over 40 per cent from its 52-week low of Rs 235 per share.

DCX Systems Limited has announced that it has secured orders from overseas customers worth USD 12,27,971 (approximately Rs 10.31 crore). These orders are for the supply of cable and wire harness assemblies. The orders have been awarded by international entities and are expected to be executed within a 12-month timeframe.

Raneal Advanced Systems Private Limited, a subsidiary of DCX Systems Limited, has achieved significant milestones in both domestic and international markets. The company has secured substantial export orders worth USD 4.5 million from Lockheed Martin Global Inc. for the supply of electronic assemblies, demonstrating its strong technological capabilities and global recognition. Additionally, Raneal Advanced Systems has obtained an industrial license from the Cochin Special Economic Zone, empowering it to manufacture critical defence electronics, including microwave submodules and radar systems. This license will further bolster India's defence capabilities and position Raneal Advanced Systems as a key player in the domestic defence industry.

About the Company

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.

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.

The company has a market cap of Rs 3,767 crore and as of June 30, 2024, has an order book of Rs 1,937 crore. The stock is up over 40 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.