Defence stock engaged in offering end-to-end solutions for cable & wire harnesses, electronic subsystems, high-end System Integration, and many more for the Defence and Aerospace Industries jumped 3 percent in the day’s trade upon receiving new work orders worth Rs. 19.33 Crores from Israel Govt Company.
Price Action
With a market capitalization of Rs. 4,010 Crores, the shares of DCX Systems Limited were trading at Rs. 360 per equity share, up 0.50 percent from its previous day’s close price of Rs. 358.20.
What Happened
DCX Systems Limited has received a new work order from Elta Systems Ltd, Israel, for the manufacturing and supply of Backplane Module Assemblies for a consideration of US$2,261,769.60 or Rs. 19.33 Crores.
About the company
DCX Systems Limited is among one of the leading Indian Defence manufacturing Players, Offering end-to-end solutions for cable & wire harnesses, electronic subsystems, high-end System Integration, and PCB Assembly for the Defence and Aerospace Industries for both Domestic and International customers. It has a strong order book of Rs. 3,000 Crores.
DCX Systems Limited is one of the Preferred & largest Indian Offset partners to the Israeli Defence Company, IAI, for its offset obligations. It caters to various industries like Defence, Aerospace, Industrial Electronics, Medical Electronics and many others.
It has a strong clientele base with well-known players like Bharat Electronics, Astra Microwave Products, Israel Aerospace Industries, Rafael Advanced Defensive Systems, Lockheed Martin, and many others.
Financials and Ratios
Its Revenue from operations declined by 33 percent from Rs. 321.44 Crores in Q2FY24 to Rs. 215.62 Crores in Q1FY25, accompanied by profits of Rs. 19.85 Crores to Rs. 5.22 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 4.07 percent, and a return on capital employed (ROCE) of 7.03 percent. It has reported a debt-to-equity ratio of 0.05.
Written by: Bharath K.S
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