DCX Systems Limited (IN:DCXINDIA)
:DCXINDIA
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DCX Systems Limited
(DCXINDIA)
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Rating:61Neutral
Price Target:
₹212.00
▲(13.55% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily supported by a solid balance sheet and improved cash flow, but it is held back by a sharp recent decline in revenue and profitability. Technical signals are neutral-to-weak versus longer-term averages, and valuation support is limited due to a negative P/E and no dividend yield data.
Positive Factors
Balance Sheet Strength
Low leverage and a healthy equity ratio provide durable financial stability, enabling DCX to fund program-specific working capital, absorb delivery or payment timing shocks, and invest in manufacturing capex. This balance-sheet flexibility reduces refinancing risk and supports multi-quarter contract execution and bidding capacity.
Negative Factors
Sharp Revenue & EPS Decline
A ~15% revenue decline alongside nearly 74% EPS contraction signals weakened demand or execution problems that materially impair profitability. Such steep deterioration limits reinvestment, stresses margins and could reflect lost or lower-volume program awards, creating downside risk to medium-term earnings stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Low leverage and a healthy equity ratio provide durable financial stability, enabling DCX to fund program-specific working capital, absorb delivery or payment timing shocks, and invest in manufacturing capex. This balance-sheet flexibility reduces refinancing risk and supports multi-quarter contract execution and bidding capacity.
Read all positive factors
DCX Systems Limited (DCXINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.57B
Dividend YieldN/A
Average Volume (3M)55.32K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth-15.15%
EPS Growth-74.00%
CountryIN
Employees114
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.59
Shares Outstanding111,386,430
10 Day Avg. Volume28,949
30 Day Avg. Volume55,322
Financial Highlights & Ratios
PEG Ratio-1.27
Price to Book (P/B)1.94
Price to Sales (P/S)2.46
P/FCF Ratio10.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.3
Revenue Forecast (FY)₹16.34B
DCX Systems Limited Business Overview & Revenue Model
Company Description
DCX Systems Limited manufactures and sells defense electronic sub-systems, and cable and wire harnesses in India and internationally. It provides cable and harness assemblies, fine wire cable assemblies, flex flat cable assemblies, semi shield cab...
How the Company Makes Money
DCX Systems makes money mainly by executing customer orders for defence and aerospace electronic subsystems. Its core revenue stream is the sale of manufactured electronic assemblies/sub-assemblies (and related integration and testing work) suppli...
DCX Systems Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
80
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.68B | 10.84B | 14.24B | 12.54B | 10.99B | 6.38B |
| Gross Profit | 503.07M | 109.67M | 1.07B | 1.34B | 964.97M | 177.84M |
| EBITDA | 862.00M | 846.38M | 1.30B | 1.13B | 850.41M | 521.59M |
| Net Income | 399.88M | 388.76M | 757.83M | 716.81M | 656.08M | 295.58M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.04B | 18.47B | 12.19B | 9.43B | 7.93B |
| Cash, Cash Equivalents and Short-Term Investments | 10.03B | 10.03B | 214.46M | 136.71M | 8.00B | 858.83M |
| Total Debt | 0.00 | 37.53M | 2.91B | 5.09B | 5.03B | 1.36B |
| Total Liabilities | -13.75B | 5.29B | 7.21B | 6.53B | 8.25B | 7.46B |
| Stockholders Equity | 13.75B | 13.75B | 11.26B | 5.67B | 1.18B | 467.86M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.50B | -401.27M | -5.98B | -1.36B | 1.12B |
| Operating Cash Flow | 0.00 | 5.50B | 44.31M | -5.90B | -1.34B | 1.14B |
| Investing Cash Flow | 0.00 | -3.00B | -12.52M | 218.95M | 207.98M | 210.65M |
| Financing Cash Flow | 0.00 | -875.08M | 2.42B | 3.64B | 3.64B | -23.37M |
DCX Systems Limited Technical Analysis
Positive
186.70
Price Trends
175.03
Positive
177.15
Positive
215.72
Negative
Market Momentum
3.13
Negative
65.84
Neutral
91.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DCXINDIA, the sentiment is Positive. The current price of 186.7 is above the 20-day moving average (MA) of 172.24, above the 50-day MA of 175.03, and below the 200-day MA of 215.72, indicating a neutral trend. The MACD of 3.13 indicates Negative momentum. The RSI at 65.84 is Neutral, neither overbought nor oversold. The STOCH value of 91.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DCXINDIA.
DCX Systems Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹105.69B | 98.55 | ― | 0.09% | 44.26% | 39.75% | |
71 Outperform | ₹229.27B | 63.06 | ― | 0.30% | 97.43% | 38.16% | |
68 Neutral | ₹63.16B | 75.72 | ― | 0.07% | 23.02% | 33.45% | |
68 Neutral | ₹137.79B | 56.16 | ― | 0.14% | -29.37% | -33.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ₹22.57B | -221.79 | ― | ― | -15.15% | -74.00% | |
59 Neutral | ₹503.02B | 184.29 | ― | 0.33% | 54.35% | 2.52% |
* Technology Sector Average
IN:DCXINDIA
DCX Systems Limited
203.50
-66.80
-24.71%
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DCX Systems Limited Corporate Events
DCX Systems Secures ₹9.3 Crore Defence Electronics Order from IAI-ELTA
Apr 16, 2026
DCX Systems Limited has disclosed that it has received new purchase orders worth about ₹9.30 crore from IAI-ELTA Systems Limited of Israel for the manufacture and supply of a Transmitter Receiver Module. The orders, described as being in the...
DCX Systems and Subsidiary Secure Orders Worth Over INR 31 Crore
Apr 14, 2026
DCX Systems Limited has announced receipt of new purchase orders worth about INR 17.45 crore for the manufacture and supply of cable and wire harness assemblies to domestic and international customers in the ordinary course of business. The inflow...
DCX Systems Secures ₹12.81 Crore Cable and Harness Orders
Mar 18, 2026
DCX Systems Limited has announced the receipt of purchase orders worth about INR 12.81 crore for the manufacture and supply of cable and wire harness assemblies to domestic and international customers. The orders, received in the normal course of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.