DCX Systems

NSE: DCXINDIA · Aerospace & Defense

52W Range₹153 ₹281

Snapshot

Unlock DCX Systems's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

DCX Systems Limited is an Indian manufacturer specialising in electronic sub-systems, cable assemblies, and wire harnesses for the aerospace and defence sectors. The company provides comprehensive services including system integration, kitting, and testing for complex industrial and military applications.

Business Model

The company generates revenue through the manufacturing and supply of customised electronic components and sub-systems, alongside providing value-added integration and testing services for defence and aerospace clients.

Growth Outlook

Growth is primarily driven by the increasing indigenisation of defence manufacturing in India and the rising demand for sophisticated electronic sub-systems in aerospace applications.

Key Risks

  • Geopolitical and Policy Risk. The company's performance is highly sensitive to changes in Indian government defence procurement policies and budget allocations.
  • Customer Concentration. A significant portion of revenue is often derived from a limited number of large defence contracts, creating vulnerability if specific projects are delayed or cancelled.
  • Supply Chain Dependency. Reliance on imported components for high-end electronic sub-systems exposes the company to global supply chain disruptions and currency fluctuations.
  • Technological Obsolescence. Rapid advancements in aerospace and defence technology require continuous investment in R&D to maintain competitive relevance.

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Key Metrics

REVENUE

₹624 Cr

TTM · consolidated

-46.5%YoY

NET PROFIT

₹-20 Cr

TTM · consolidated

-151.1%YoY

EPS

₹-1.84

TTM · consolidated

-151.3%YoY

RETURN ON EQUITY

-1.4%

TTM · consolidated

-4.3 ppYoY

RETURN ON CAPITAL EMPLOYED

-0.3%

TTM · consolidated

-5.5 ppYoY

P/E

-91.8x

Q1 FY27 · consolidated

-91.8 vs 25.4x5Y avg

EV/EBITDA

159.9x

Q1 FY27 · consolidated

159.9 vs 28.6x5Y avg

EBITDA MARGIN

1.8%

TTM · consolidated

-5.6 ppYoY

NET PROFIT MARGIN

-8.4%

Q1 FY27 · consolidated

-10.2 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Aerospace & Defense

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
DCX SystemsDCXINDIA
₹1,881 Cr-91.76159.87-46.5%1.8%-1.4%-0.3%-36.6%
Sika Interplant Systems LimitedSIKA
₹2,112 Cr21.0%-12.2%
CFF Fluid Control LimitedCFF
₹2,075 Cr28.0%+52.0%
Jaykay Enterprises LimitedJAYKAY
₹2,002 Cr9.0529.77197.2%27.8%37.5%36.2%+3.4%
NIBE LimitedNIBE
₹1,997 Cr-235.3264.11-5.2%7.1%-4.5%1.1%+10.7%
Krishna Defence And Allied Industries LimitedKRISHNADEF
₹1,513 Cr22.0%+36.9%

As of Q1 FY27

Financials