DCX Systems shares surged 4.12 per cent to a two-month high in early trade on May 13 after the company secured fresh export orders worth Rs 28.6 crore. The small-cap defence electronics player informed exchanges that the order came from Israeli defence clients and other overseas partners.
The new contract includes manufacturing and supply of CIWS antennas and cable & wire harness assemblies—core offerings in DCX’s portfolio.
Strategic boost: JV with Israel’s Elta Systems
In April, DCX entered into a joint venture with Elta Systems, a unit of Israel Aerospace Industries. The JV is focused on the co-development of advanced airborne maritime radar systems, fire control radars, and land-based radar technologies under the Make in India initiative.
This alliance not only enhances DCX’s technical capabilities but also opens up export opportunities amid rising demand for high-end radar solutions.
Order book momentum continues in FY25
The new export deal follows a Rs 4.79 crore order in February from Bharat Electronics. With these consecutive wins, DCX is building a solid order pipeline and expanding its export footprint.
Analysts say that such consistent orders improve revenue visibility and reinforce DCX’s status as a key system integrator in India’s defence manufacturing space.
Stock still 32% off peak but up 120% from lows
After correcting sharply post its July 2024 peak of Rs 451, the stock has been on a recovery path. It ended April with a 24 per cent gain and is up another 8 per cent so far in May.
From its March 2023 lows, DCX Systems has delivered a stellar return of 120 per cent, and 185 per cent during its previous rally phase ending Jan 2024.
What should investors watch now?
With India’s defence electronics market projected to grow from $2.58 billion in 2022 to $7.2 billion by 2030, DCX Systems is well-placed to ride the capex wave. Investors should watch execution timelines, margin trends, and upcoming export opportunities.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
