This Defence stock which deals in the business of system integration and manufacturing of cables and wire harness assemblies surged upto 3 percent after receiving multiple orders from India & Israel defence companies worth Rs. 24.51 crore.
Price Movement
DCX Systems Limited‘s stock in Tuesday’s session touched a day’s high of Rs. 257.40 per share up by 2.52 percent. The stock reiterated from the day’s high and was trading at Rs. 242.60 which is up by 3.37 percent from the previous closing price of Rs. 251.05.
The stock has delivered a negative return of 28 percent compared to the Nifty Index, it has underperformed.
What Happened?
The company’s stock was in focus after they received multiple orders. The received purchase orders from entities like Bharat Electronics provided an order value of Rs. 9.33 crore, Rafael Advanced Defence Systems, Israel – Rs. 5.63 crore, Alpha-Elsec Defence & Aerospace Systems, India – Rs. 5.58 crore, Elbit Systems, Israel – Rs. 3.46 crore and 0.23 crore, and India Optel, India – Rs. 0.28 crore totalling worth Rs. 24.51 crores. All the orders are related to the Manufacture and supply of cable and wire harness assemblies.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 200 crore which increased by 1.01 percent year on year, from Rs. 198 crore in Q3FY24. Its net profit declined by 23 percent year on year, from Rs. 13 crores in Q3FY24 to Rs. 10 crores in Q3FY25.
Recent Developments
DCX has recently worth Rs. 460.30 crore from Lockheed Martin Global, USA for Electronic Assembly supplies. They have received multiple orders from Lockheed Martin, and Eltin Systems.
Business Segments & Order Book
The company recognizes its revenue from operations under electronic sub-systems and cable harness for both international and domestic aerospace and defence sectors as considered a sole segment. The order book currently stands at more than ~Rs. 3,000 crore.
Company Overview
DCX Systems Limited was established in 2011 and specializes in electronic sub-systems and cable harness manufacturing for the defence and aerospace sectors, serving global clients with advanced integration services from Bengaluru.
Recently, the company has set up an additional unit under DTA to carry out manufacturing activities related to System integration and Wire Harness expected to commence from March 2025.
Written by Santhosh S
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