Latest news with #DCXSystems
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.
Business Standard
28-05-2025
- Business
- Business Standard
DCX Systems consolidated net profit declines 37.18% in the March 2025 quarter
Sales decline 26.30% to Rs 549.96 crore Net profit of DCX Systems declined 37.18% to Rs 20.70 crore in the quarter ended March 2025 as against Rs 32.95 crore during the previous quarter ended March 2024. Sales declined 26.30% to Rs 549.96 crore in the quarter ended March 2025 as against Rs 746.20 crore during the previous quarter ended March 2024. For the full year,net profit declined 48.69% to Rs 38.88 crore in the year ended March 2025 as against Rs 75.78 crore during the previous year ended March 2024. Sales declined 23.88% to Rs 1083.67 crore in the year ended March 2025 as against Rs 1423.58 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 549.96746.20 -26 1083.671423.58 -24 OPM % 1.865.08 - 0.435.61 - PBDT 32.2045.40 -29 73.7499.74 -26 PBT 28.4743.13 -34 60.3794.61 -36 NP 20.7032.95 -37 38.8875.78 -49
News18
19-05-2025
- Business
- News18
Armed For Gains: Defence Sector Hits Record Valuation Post Explosive 50% Rally Since Feb
Last Updated: Defence stocks rally to new highs with Mcap surging 50% since February. Nifty India Defence Index gains as investor confidence strengthens Defence Stocks Rally: India's defence sector is on a strong offensive as a continued rally in defence stocks pushes the combined market capitalisation of 18 listed defence companies to an all-time high of Rs 11.23 lakh crore. This reflects rising investor confidence and renewed interest in the sector. The latest valuation marks a significant leap from the previous peak of Rs 10.09 lakh crore recorded in July 2024 and represents a sharp 50% surge from the February 2025 low of Rs 6.95 lakh crore. The Nifty India Defence Index has been on a consistent upward trajectory. After registering a steep correction of 33% between July 2024 and February 2025, the index has bounced back strongly, climbing 9% so far in May following gains of 11.5% in April and 24.6% in March. Since hitting its low in February, the index has recovered over 50%, demonstrating strong momentum in the defence space. Despite this broad recovery, only six of the 18 listed stocks have surpassed their previous record highs. The remaining counters continue to trade below peak levels. However, some stocks have emerged as clear outperformers. Ten companies that hit 52-week lows during March and April have since staged powerful rallies, with returns ranging from 55% to 112%. These include DCX Systems, MTAR Technologies, Dynamatic Technologies, Cyient DLM, Unimech Aerospace and Manufacturing, Data Patterns, Mishra Dhatu Nigam, Astra Microwave Products, Hindustan Aeronautics (HAL), and BEML. Additionally, eight other defence stocks that touched 52-week lows earlier in 2024 have seen remarkable recoveries, delivering gains between 58% and 200%. Among these are Cochin Shipyard, Bharat Dynamics, Mazagon Dock Shipbuilders, Zen Technologies, Bharat Electronics, Solar Industries India, Paras Defence and Space Technologies, and Garden Reach Shipbuilders. The uptrend has been supported by a mix of geopolitical developments and strong policy signals. Rising tensions between India and Pakistan earlier this year set the stage for increased market interest. The rally was further fueled by Prime Minister Narendra Modi's reaffirmation of support for indigenous defence manufacturing under the government's flagship 'Make in India' and Atmanirbhar Bharat programmes. His call for boosting modern warfare capabilities and expanding India's defence production base has raised expectations of continued capital and policy support. Investor sentiment also got a lift from reports that more than a dozen countries have shown interest in purchasing the BrahMos missile system, following its effective demonstration during Operation Sindoor, which highlighted India's growing capabilities in defence technology. Mutual Funds Reload On Defence Holdings Mutual funds have increased their exposure to the sector, adding to the momentum. In April, fund managers raised their holdings in 11 of the 18 listed companies. HAL led the inflows with Rs 505 crore, bringing the total MF stake in the company to Rs 13,480 crore. Solar Industries India saw Rs 119 crore in inflows, taking its MF holding to Rs 15,510 crore, while Mazagon Dock Shipbuilders attracted Rs 78 crore, pushing MF exposure to Rs 1,727 crore. Other stocks that saw positive MF inflows include Zen Technologies, BEML, Data Patterns, Garden Reach Shipbuilders, Mishra Dhatu Nigam, and Dynamatic Technologies, with investments ranging between Rs 2 crore and Rs 60 crore. On the flip side, Bharat Electronics experienced the largest outflows, with mutual funds trimming stakes by Rs 893 crore, reducing total holdings to Rs 33,619 crore. Smaller outflows were also recorded in Cochin Shipyard, Astra Microwave Products, Unimech Aerospace, and MTAR Technologies. Defence: A Tactical and Structural Investment Opportunity Experts remain bullish on the sector's prospects. Sandeep Bagla of Trust Mutual Fund said rising geopolitical risks are likely to drive sustained increases in defence spending, positioning the sector as a compelling multi-year investment opportunity. Anil Rego of Right Horizons PMS described the defence space as both a tactical and structural play, driven in the near term by higher defence budgets and procurement momentum, and supported in the long term by consistent government investment, a growing export pipeline, and reforms aimed at innovation and self-reliance. First Published: May 19, 2025, 10:46 IST
Mint
13-05-2025
- Business
- Mint
Multibagger small-cap defence stock jumps 4% to 2-month high after securing export orders. Do you hold it?
Defence stocks in focus today: Shares of DCX Systems—a company specializing in system integration and cable & wire harnessing—jumped 4.12% in early trade on Tuesday, hitting a two-month high after the company secured fresh export orders. In an exchange filing on Monday, the company informed investors that it had bagged export orders worth ₹ 28.60 crore from Israeli defense majors and other overseas clients. The order is for the manufacture and supply of CIWS antennas and cable & wire harness assemblies, according to the company's regulatory filing. Earlier in February, the company had secured a similar order worth ₹ 4.79 crore from Bharat Electronics for the supply of cable and wire harness assemblies. In mid-April, the company entered into a joint venture with Elta Systems, a unit of Israel Aerospace Industries. The JV focuses on the development of Airborne Maritime Radar Systems, Fire Control Radar Systems, and other radar solutions for airborne and land-based applications under India's "Make in India" initiative. DCX Systems, a leading player in India's defense manufacturing sector, offers end-to-end solutions for the production of electronic systems, sub-systems, and cable & wire harness assemblies for both domestic and international clients. The company is strategically positioned to benefit from the global rise in defense spending, which is projected to grow to $2,652 billion by 2027. This growth is being driven by ongoing geopolitical tensions, the modernization of armed forces, shifting global power dynamics, technological advancements, and evolving policy frameworks. In line with global trends, the defense electronics market is also set for robust growth. Projections suggest it will expand to $237 billion by 2030, with the Indian market expected to grow from $2.58 billion in 2022 to $7.2 billion by 2030, according to recent estimates. After experiencing a sharp decline, DCX Systems' shares regained strength in April, ending the month with a 24% gain. The momentum has continued into the current month, with the stock rising another 8% so far. Between March 2023 and January 2024, the shares witnessed a strong rally, delivering a return of 185%. In July 2024, the stock touched a record high of ₹ 451. At current levels, it remains about 32% below that peak. However, the stock is trading with 120% gains from March 2023 lows. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
13-05-2025
- Business
- Business Standard
DCX Systems edges higher after bagging export order from various international clients
DCX Systems added 1.62% to Rs 302 after the company announced that it has bagged exports orders worth Rs 28.60 crore from various clients. The company has received an order worth Rs 13.60 crore for manufacture and supply of CIWS antenna from Israel-based ELTA Systems. Furthermore, DCX Systems secured additional contracts totaling Rs 15 crore for the manufacture and supply of cable and wire harness assemblies to ELTA Systems, Rafael Advanced Defence Systems (Israel), Elbit Systems (Israel), and other international clients. DCX Systems is an Indian defense manufacturer specializing in the production and supply of electronic systems, subsystems, and cable & wire harness assemblies for international and domestic customers. On a consolidated basis, net profit of DCX Systems declined 25.19% to Rs 10.01 crore while net sales rose 0.93% to Rs 200.01 crore in Q3 December 2024 over Q3 December 2023.
