DCX Systems
- Market cap
- ₹ 1,483 Cr.
- P/E
- 169.3x
- P/B
- 1.02x
- 52-week range
- 128.96 – 228.9
- ROE
- −1%
- ROCE
- 1%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Aerospace & Defense
- Industry
- Aerospace & Defense
- Listed on
- NSE, BSE
About
DCX Systems Limited is an India-based company. The Company manufactures and supplies electronic systems and sub-systems, cable & wire harness assemblies for both International and domestic customers. It enables small, medium and large businesses by providing services to aerospace, land & naval defense systems, satellites and civil aviation. Its Cable Assemblies offer cable & harness assemblies, fine wire cable assemblies, flex flat cable assemblies, EMI shield cable harness, wired enclosures, backplane assemblies, diagnostic test sets, conduit assemblies, and special/customized connectors. Its Electronics Manufacturing Services offer printed circuit board assembly (build-to-print), design for manufacturability analysis (DFM), electro-mechanical assembly, conformal coating and special processes, flashing/burning of programmable IC's and FPGA's, in-circuit and functional level testing, burn-in / environmental stress screening (HASS/HALT) vibration testing, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Aerospace & Defense: 33 companies →DCX Systems against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)169.3 against a typical 72.2: pricier than most peers (1st = cheapest).27th of 33
- Sales growth−53.6% against a typical +30.4% from a year earlier.27th of 28
- Profit growth−313.3% against a typical +8.9% from a year earlier.25th of 27
- Share price, 3 months−23.9% against a typical −2%.30th of 32
- Size₹ 1,483.5 Cr. market value against a typical ₹ 4,442.2 Cr. (1st = largest).22nd of 28
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB+ by CRISIL- Infomerics lowered its rating on 1 Oct 2026.
- Infomerics expects things to get worse (negative outlook).
- The company stopped sharing information with Infomerics.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR BB /INC & IVR A4 /INC | Negative | 1 Oct 2026 |
| CRISIL | Crisil BBB+ | Stable | 8 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 1 Oct 2026 | ▼ Downgrade | IVR BB+ /INC → IVR BB /INC & IVR A4 /INC | Low | Infomerics | ₹ 1,010 Cr. | |
| 8 May 2026 | ▼ Downgrade | Crisil BBB+ | — | CRISIL | ₹ 1,000 Cr. | |
| 19 Sep 2025 | ▼ Downgrade | IVR BB+ /INC | — | Infomerics | ₹ 1,010 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on DCX SystemsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 309 | 198 | 746 | 138 | 196 | 200 | 550 | 222 | 193 | 121 | 207 | 103 |
| Expenses | 291 | 184 | 708 | 143 | 199 | 197 | 540 | 221 | 206 | 126 | 208 | 114 |
| Operating Profit | 18 | 15 | 38 | −5 | −4 | 3 | 10 | 1 | −13 | −5 | −0 | −11 |
| OPM % | 6% | 7.4% | 5.1% | −3.5% | −1.9% | 1.5% | 1.9% | 0.5% | −6.6% | −4.2% | −0.2% | −10.4% |
| Other Income | 12 | 11 | 16 | 18 | 20 | 18 | 24 | 14 | 12 | 11 | 8 | 9 |
| Interest | 6 | 8 | 9 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 24 | 16 | 43 | 5 | 11 | 16 | 28 | 11 | −5 | 1 | 3 | −6 |
| Tax % | 16.7% | 17.1% | 23.6% | 44.4% | 51.1% | 37.2% | 27.3% | 61.8% | 70.2% | 462.7% | 109.3% | 33.3% |
| Net Profit | 20 | 13 | 33 | 3 | 5 | 10 | 21 | 4 | −9 | −2 | −0 | −9 |
| EPS in Rs | 2.05 | 1.38 | 2.96 | 0.26 | 0.47 | 0.9 | 1.86 | 0.36 | −0.81 | −0.22 | −0.03 | −0.78 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 3%
- 3 Years
- −16%
- TTM
- −47%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −151%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −15%
- TTM
- —
- 10 Years
- —
- 5 Years
- 6%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| DCX Systems | ₹ 135.30 | ₹ 1,483 Cr. | 169.3x | 1x | −1% | — |
| HFCL | ₹ 240.45 | ₹ 36,803 Cr. | 100.1x | 6.7x | 7% | 6.7% |
| ITI | ₹ 215.45 | ₹ 20,719 Cr. | — | 14.4x | 16.6% | 13.4% |
| Tejas Networks | ₹ 410.00 | ₹ 7,297 Cr. | — | 3.3x | −26.8% | −82.4% |
| Avantel | ₹ 136.55 | ₹ 3,606 Cr. | 308.2x | 13.4x | — | 7.1% |
| Vindhya Telelinks | ₹ 2,478.30 | ₹ 2,894 Cr. | 9.6x | 0.5x | 5.3% | 6.1% |
Management
- Hosakote Shamarao Raghavendra Rao
- Chairman of the Board, Managing Director
- Prasanna Kumar
- Chief Financial Officer
- Gurumurthy Hegde
- Compliance Officer, Legal and Company Secretary
- Shiva Kumara R
- Vice President
- Pramod B
- Deputy General Manager - Operations
- Anand S
- Deputy General Manager - Supply Chain Management
- Prasanna Kumar T.S.
- Deputy General Manager - Finance and Accounts
- Ramegowda Shiva Kumar
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.