Synopsis:
A defence manufacturing small-cap attracted investor interest after securing fresh international orders across cable, wire harness and PCB assembly categories. The company has a consolidated order book of Rs. 2,600 crore as of September 2025.
A small-cap defence stock was in focus after reporting fresh international order wins across cable, wire harness and PCB assembly requirements, drawing market interest due to improving business visibility.
DCX Systems Ltd, with a market capitalisation of Rs. 2,283.42 crore, opened at Rs. 205.80 compared to its previous close of Rs. 203.70 and recorded an intraday high of Rs. 212, marking an increase of about 4.08 percent from the previous close.
What’s The News?
The company reported that it has secured purchase orders worth approximately Rs. 16.45 crore in the normal course of business from international clients for manufacturing and supplying cable and wire harness assemblies. Additionally, its wholly owned subsidiary, Raneal Advanced Systems Pvt. Ltd., has secured orders valued at about Rs. 6.44 crore from international customers related to PCB assembly requirements. The consolidated order book stood at approximately Rs. 2,600 crore as on September 30, 2025, indicating strong long-term revenue visibility.
Financial Snapshot – Q2FY26
On a quarter-on-quarter basis, revenue declined from Rs. 222.16 crore to Rs. 192.85 crore, a decrease of about 13.19 percent. Operating profit moved from Rs. 1.12 crore to a loss of Rs. 12.81 crore. Profit before tax fell from Rs. 10.63 crore to a loss of Rs. 5.31 crore, while net profit moved from Rs. 4.06 crore to a loss of Rs. 9.04 crore.
On a year-on-year basis, revenue declined from Rs. 195.62 crore to Rs. 192.85 crore, a decrease of about 1.42 percent. Operating loss widened from Rs. 3.80 crore to Rs. 12.81 crore. Profit before tax fell from Rs. 10.65 crore to a loss of Rs. 5.31 crore, while net profit moved from Rs. 5.22 crore to a loss of Rs. 9.04 crore.
About the Company
DCX Systems Limited is an Indian defence manufacturing company engaged in producing and supplying electronic systems, subsystems and cable and wire harness assemblies for domestic and international customers. Established in 2011, it has built a position as a preferred partner to several global and Indian original equipment manufacturers for execution of defence offset, non-offset and Make-in-India aligned programmes.
Written by Manan Gangwar
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