Rs 2,164 Crore Order Book: Defence Company Bags New Orders Worth USD 5,87,57,752.95 From Elta Systems Ltd, Israel

The stock is up over 60 per cent from its 52-week low of Rs 235 per share.

DCX Systems Limited has secured a significant export order from Elta Systems Ltd., Israel, valued at a substantial USD 58,757,752.95. This substantial order encompasses two key components:

1. Manufacture and Supply of BACKPLANE Module Assemblies: This specific order, valued at USD 22,617,69.60 (approximately Rs 19.33 crore at the prevailing exchange rate of 1 USD = Rs 85.50), signifies DCX Systems' expertise in advanced electronics manufacturing.
2. Manufacture and Supply of Close-In Weapon System (CIWS) Module Assemblies: This substantial order, valued at USD 56,495,983.35 (equivalent to approximately Rs 483 crore at the exchange rate of 1 USD = Rs 85.50), underscores DCX Systems' position as a key player in the defence and aerospace sector.

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 3,776.6 crore and as of September 30, 2024, has an order book of Rs 2,164 crore. The stock is up over 60 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.