Synopsis:
DCX Systems Ltd has received a 15-year industrial license to manufacture and assemble radar, electronic warfare, avionics, and defense electronic systems at its Bengaluru facility.
The shares of the defence company, specializing in system integration and manufacturing of electronic sub-systems, cable and wire harness assemblies, primarily for the defence and aerospace sectors, jumped upto 4 percent, upon receiving an industrial license from the Cochin Special Economic Zone authority.
With a market capitalization of Rs. 3,265.85 Crores on Monday, the shares of DCX Systems Ltd rose by 4.3 percent after making a high of Rs. 296.95 compared to its previous closing price of Rs. 284.70.
DCX Systems Ltd, engaged in system integration and manufacturing of electronic sub-systems, cable, and wire harness assemblies, primarily for the defence and aerospace sectors, has received an Industrial License from the Office of the Development Commissioner, Cochin Special Economic Zone (CSEZ), Ministry of Commerce & Industry, Government of India, for its facility located at Aerospace SEZ Sector, Hitech Defence and Aerospace Park, Bengaluru, Karnataka.
The license permits the company to manufacture and assemble Radar Systems and Electronic Warfare (EW) Systems, as well as to integrate and manufacture Avionics and Defence Electronic Equipment.
This approval is significant because it covers items classified under CATEGORY-A of the Ministry of Defence Security Manual, denoting the highest level of security and sensitivity. The license is valid for 15 years, and there is no current withdrawal, cancellation, or suspension of the license.
Financials & Others
The company’s revenue declined by 24 percent from Rs. 762.5 crore to Rs. 573.48 crore in Q4FY24-25. Meanwhile, the Net profit declined from Rs. 32.95 crore to Rs. 20.7 crore during the same period.
The company’s P/E ratio is 81.58, which is lower than the industry average of 87.25, suggesting its stock is relatively less expensive compared to peers. Being a debt-free company further strengthens its financial position and reduces risk.
DCX Systems Limited is a Bengaluru-based company specializing in system integration, electronic sub-systems, and manufacturing cable and wire harness assemblies for the aerospace and defense sectors. Established in 2011, DCX serves both domestic and international clients, acting as a leading Indian Offset Partner for major global defense OEMs, particularly in projects involving radar, sensors, electronic warfare, and communication systems.
DCX Systems’ key clients include major Indian and global defense and aerospace companies such as Bharat Electronics Limited (BEL), ELTA Systems Ltd, Israel Aerospace Industries (IAI), Rafael Advanced Defense Systems Ltd, Lockheed Martin, Collins Aerospace, Alpha-Elsec Defence & Aerospace Systems, Kalyani Rafael Advanced Systems, Larsen & Toubro (L&T), SFO Technologies, and Ametek.
Written by Sridhar J
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