This aerospace and defence stock has secured a major order worth Rs. 460 crore from U.S. defence giant Lockheed Martin, fuelling a surge in its share price.
DCX Systems Ltd’s stock surged by 3.66% to Rs. 351.65 after securing a major export order from Lockheed Martin valued at INR 460.3 crore. This boosted DCX’s order book to approximately Rs. 2,397 crore, marking a 23.7% increase and strengthening its position in the international market.
Share Price Movement
The share price of DCX Systems Limited went up by 3.66 percent to Rs. 3351.65 per share on Monday, an increase from its previous close of Rs. 339.25 per share. The market capitalisation now stands at approximately Rs. 3,916 crore as of November 11, 2024.
What Happened
The company received a significant export order from Lockheed Martin Global Inc., USA, amounting to US$ 54,798,120.00 (equivalent to approximately INR 460.30 crores). This purchase order demonstrates a substantial international business transaction between the two entities. The order is specifically for the supply of electronic assemblies and must be executed within 12 months.
Order Book
As of June 30, 2024, the company held an order book valued at Rs. 1,937 crore. With recent additions, the total order book value has increased to approximately Rs. 2,397 crore, marking a substantial growth of 23.7%.
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Financial Highlights
According to its recent filing, in the quarter ending September 2024, DCX Systems Limited’s consolidated revenue from operations has decreased by 18.8 percent YOY from Rs. 309 crore in Q1 FY24 to Rs. 138 crore in Q1 FY25 and declined by 81.4 percent QoQ from Rs. 746 crore in Q4 FY24.
The company’s consolidated net profit has reduced by 69.3 percent, from Rs. 9.6 crore in Q1 FY24 to Rs. 2.94 crore in Q1 FY25. As compared to the last quarter of 2025, the company’s net profit has been reduced by 91 percent QoQ from Rs. 32.9 crore.
Shareholding Pattern
As of the November 2024 shareholding pattern, DCX Systems Limited is primarily held by the promotors at 57.13 percent, foreign institutional investors hold 0.77 percent, and the public with 34.24 percent.
About Company
Founded on December 16, 2011, Bengaluru-based DCX Systems Ltd has established itself as a prominent manufacturer in India’s aerospace and defence sectors. Specialising in electronic systems, DCX has seen impressive growth, gaining recognition for high-quality manufacturing.
The company focuses on a range of specialised services, including system integration for radar, electronic warfare, and communication systems. DCX also excels in cable and wire harness assemblies, printed circuit board assembly (PCBA), and kitting services, providing ready-to-assemble electronic kits. With a strong emphasis on innovation, DCX caters to the stringent needs of defence clients through cutting-edge products and services.
Looking ahead, DCX plans to expand its capabilities in electronic manufacturing to meet growing defence demands. By fostering strategic partnerships and advancing R&D, DCX is well-positioned for continued success and influence in the aerospace and defence sectors.
Written By Fazal Ul Vahab C H
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