The shares of this Barclays-held cable and wire harnessing company plunged by approximately 9 percent on Wednesday after it reported its financial results, which failed to meet investors’ expectations.
With a market capitalization of Rs 3,484 crores, the shares of DCX System Ltd are currently trading at Rs 313 per share, down by 31 percent from its 52-week high of Rs 451.90 per share. Over the last six months, the stock has delivered a negative return of 7 percent.As of March 2025, Barclays Wealth Trustees India Private Limited holds a 1.62 percent stake in the company.
Financial Highlights
DCX Systems reported a consolidated revenue of Rs 1,084 crores in FY25, down 23.87 percent from Rs 1,424 crores in FY24. On a year-on-year basis, revenue declined 26.26 percent to Rs 550 crores in Q4 FY25 from Rs 746 crores in Q4 FY24. However, on a sequential basis, revenue rose sharply by 175 percent from Rs 200 crores in Q3 FY25.
The company posted a net profit of Rs 39 crores in FY25, down 48.68 percent from Rs 76 crores in FY24. On a year-on-year basis, net profit dropped 36.36 percent to Rs 21 crores in Q4 FY25 from Rs 33 crores in Q4 FY24. Sequentially, however, net profit more than doubled, rising 110 percent from Rs 10 crores in Q3 FY25.
During the last six months, DCX Systems has established a joint venture with ELTA Systems of Israel to produce radar systems under the “Make in India” policy. Two orders were received worth Rs. 839.97 crore from Lockheed Martin Global, USA. An additional order for CIWS module assemblies from ELTA Systems valued at Rs. 483 crore was signed. The company, along with subsidiary Raneal Advanced Systems, established a new manufacturing unit under the Domestic Tariff Area with commercial activities to commence shortly.
DCX Systems Limited is headquartered in Bengaluru, India, and it designs and sells electronic integration systems, cable assemblies and wire harnesses, both in India and internationally. The company sells products such as EMI shielded harnesses, printed circuit boards (PCBs), wired enclosures, and custom connectors. It also offers electronic manufacturing, subsystem assembly, testing, and kitting services for the aerospace, defence, satellites, and industrial automation sectors.
Written by Satyajeet Mukherjee
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