Latest news with #DCXSystems
Mint
4 days ago
- Business
- Mint
Stock to buy for short term: Anand Rathi sees 16% upside in this beaten-down defense stock. Should you buy?
Shares of DCX Systems, a key player in the defence sector, have caught the attention of analysts at Anand Rathi, who foresee a potential sharp upside in the stock price. Despite recent weakness, the brokerage has issued a bullish call, forecasting a 16 percent gain in the near term based on a strong technical setup and improving momentum indicators. This article delves into the factors driving the optimism around DCX India and whether investors should consider adding it to their portfolios. According to Anand Rathi, DCX India is currently trading near a critical support zone between ₹ 275 and ₹ 280. This level aligns with a previous breakout area and the S3 monthly Camarilla pivot, marking a significant technical floor. The hourly Relative Strength Index (RSI) also sits in oversold territory, suggesting the stock may be forming a solid base in this range. Based on these signals, Anand Rathi recommended a long position in the ₹ 275-280 range, setting an upside target of ₹ 320 with a stop-loss below ₹ 257 on a closing basis. These technical indicators form the core rationale for the brokerage's bullish stance on DCX India. DCX India announced a fresh order worth ₹ 4.36 crore from a leading multinational company operating in defence, aerospace, space, and security sectors. The contract involves manufacturing and supplying special test equipment, consistent with terms laid out in the purchase agreement. Prior significant orders include contracts from Israeli defence firms ELTA Systems Ltd. ( ₹ 7.89 crore), Elbit Systems Ltd. ( ₹ 10.83 crore), and Rafael Advanced Defence Systems ( ₹ 5.04 crore), as well as domestic Indian clients ( ₹ 4.83 crore). These wins underscore DCX Systems' growing footprint as a key supplier of defence-grade electronic systems and cable harnesses for both international and domestic markets. DCX Systems reported a 26.3 percent decline in revenue for the quarter ending March 2025, falling to ₹ 549.96 crore from ₹ 746.2 crore in the year-ago period. Net profit also dropped by 37.2 percent to ₹ 20.7 crore. Earnings Before Interest and Tax (EBIT) declined 42.2 percent to ₹ 30 crore, with margins narrowing to 5.46 percent from 6.96 percent last year. For the full financial year, revenue fell 24 percent to ₹ 1,083.7 crore, missing the company's growth guidance of 35-40 percent. However, the consolidated order book stood at ₹ 2,855 crore as of March 31, 2025, marking a more than threefold increase from the previous year and a 32 percent rise compared to the second half of FY24. This surge in orders points to a strong pipeline despite recent revenue pressures. Over the past year, DCX India's stock price has dropped 24 percent, including a 10 percent decline in June after rallies in April and May. The current market price near ₹ 275 is approximately 39 percent below its 52-week high of ₹ 451.90 recorded in July 2024, indicating significant correction. The stock also touched a 52-week low of ₹ 200 in April 2025, reflecting volatility. Anand Rathi's bullish technical view suggests that this beaten-down stock may be poised for a rebound, potentially offering multibagger returns if momentum sustains. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
26-06-2025
- Business
- Business Standard
DCX Systems gains on securing Rs 4.36-cr order
DCX Systems rose 1.11% to Rs 291.45 after the company announced that it has secured an order worth Rs 4.36 crore from one of the leading multinational companies specialized in the areas of defence, aerospace, space, and security systems. The project involves the manufacturing and supply of special test equipment as per the terms and conditions of the purchase order. DCX Systems is one of the leading Indian defence manufacturers, engaged in the production and supply of electronic systems, subsystems, and cable & wire harness assemblies for reputed domestic and international customers. The companys consolidated net profit fell 37.2% to Rs 20.70 crore on a 26.3% fall in revenue from operations to Rs 549.96 crore in Q4 FY25 over Q4 FY24.
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Business Standard
18-06-2025
- Business
- Business Standard
DCX Systems shares rise on ₹29 crore worth order wins; details here
Shares of DCX Systems rose 2 per cent on Wednesday, after the company landed exports and domestic orders worth ₹28.59 crore for the supply of cable and wire harness assemblies. The aerospace and defence firm's stock rose as much as 2.05 per cent during the day to ₹303 per share. The stock pared gains to trade 0.3 per cent higher at ₹296.6 apiece, compared to a 0.33 per cent decline in Nifty 50 as of 11:35 AM. Shares of the company have fallen over 15 per cent from their recent highs of ₹354 apiece, which it hit last month. The counter has fallen 14.5 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. DCX Systems has a total market capitalisation of ₹3,304.84 crore, according to BSE data. Track LIVE Stock Market Updates Here DCX Systems' new order wins DCX Systems secured export and domestic purchase orders worth ₹28.59 crore in the normal course of business, according to an exchange filing on Tuesday. The overseas orders include ₹7.89 crore from ELTA Systems Ltd, ₹10.83 crore from Elbit Systems Ltd, and ₹5.04 crore from Rafael Advanced Defence Systems Ltd, all based in Israel. These contracts are for the manufacture and supply of cable and wire harness assemblies, the firm said in the statement. Additionally, DCX Systems also received domestic orders worth ₹4.83 crore from Indian customers. About DCX Systems The company specialises in providing end-to-end solutions in the field of electronic manufacturing services (EMS), particularly for industries such as defence, aerospace, telecom, and automotive. The company was founded in 2011 and has rapidly grown to become a significant player in the Indian electronics manufacturing sector. The company focuses on the design, development, and manufacturing of complex electronic systems and assemblies. They provide services like printed circuit board (PCB) assembly, cable assemblies, system integration, and testing, catering to both commercial and defence sectors. They are known for offering tailored solutions to meet the specific needs of clients across various industries, with a strong emphasis on high-quality, reliable products.
Business Standard
18-06-2025
- Business
- Business Standard
DCX Systems rises after securing multiple orders worth Rs 29 crore
DCX Systems rose 1.74% to Rs 301.05 after the company announced that it had received multiple orders from ELTA Systems Israel, Elbit Systems Israel, Rafael Advanced Defence Systems Israel, and domestic customers, aggregating to Rs 28.59 orders include the manufacture and supply of cable and wire harness Systems is one of the leading Indian defence manufacturers, engaged in the production and supply of electronic systems, subsystems, and cable & wire harness assemblies for reputed domestic and international companys consolidated net profit fell 37.2% to Rs 20.70 crore on a 26.3% fall in revenue from operations to Rs 549.96 crore in Q4 FY25 over Q4 by Capital Market - Live News
Business Standard
28-05-2025
- Business
- Business Standard
DCX Systems drops after Q4 PAT slumps 37% YoY to Rs 21 cr
DCX Systems declined 6.13% to Rs 315.45 after the company's consolidated net profit fell 37.2% to Rs 20.70 crore on 26.3% fall in revenue from operations to Rs 549.96 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) declined 34% YoY to Rs 28.47 crore in the quarter ended 31st March 2025. EBIT stood at Rs 30.01 crore, registering de-growth of 42.19% compared with Rs 51.91 crore posted in corresponding quarter last year. EBIT margin reduced 150 bps to 5.46% in Q4 FY25 as against 6.96% in Q4 FY24. For the full year, the companys consolidated net profit declined 48.7% to Rs 38.88 crore, while revenue from operations fell 23.9% to Rs 1083.67 crore in the year ended March 2025 over the year ended March 2024. As on 31st March 2025, the consolidated order book stood at Rs 2,855 crore. H.S. Raghavendra Rao, chairman & managing director, DCX Systems, said, We have closed the fiscal year on a resilient note and sustained through markets headwinds and macro-economic and geo-political uncertainties. In FY25, our consolidated revenue stood at Rs 1,083.67 crore, while EBIT and PAT were Rs 71.27 crore and Rs 38.88 crore, respectively. As of 31st March 2025, the order book position stood at Rs 2,855 crore, built over a steady inflow of orders. Some of the recent orders we won include those from ELTA Systems for Close-In Weapon Systems, worth Rs 483 crore, one for BACKPLANE module assemblies worth Rs 19.3 crore, and two orders from Lockheed Martin for electronic assemblies worth Rs 460.3 crore and Rs 379.7 crore. The repeat business that Lockheed Martin has been giving us reflects the recognition that we have been garnering from global premier companies. Moreover, we entered into another JV agreement with ELTA Systems to develop airborne maritime radar systems, fire control radar systems, and other radar systems for airborne and land applications. This aligns with our ToT strategy to leverage our manufacturing capabilities and support the Governments Make in India motto. Looking at the ongoing year, our focus remains on establishing DCX as a global product company, while delivering sustainable value for all stakeholder. DCX Systems is one of the leading Indian defence manufacturers, engaged in the production and supply of electronic systems, sub-systems, and cable & wire harness assemblies for reputed domestic and international customers.
