About Company:
DCX system mainly works on PCB Assembly for the Defence and Aerospace Industries which is one of the largest industries. It is the preferred and largest Indian offset partner of IAI, a leading Israeli defence contractor, for its offset obligations. IOP and non IOP projects can be expanded to other geographies. Core capabilities in electronics manufacturing with a focus on backward integration to PCBA through wholly owned subsidiary Raneal Advanced Systems - both for internal consumption.
It diversified domestic and international customers in Israel, the US, South Korea, and India.
DCX System is a strategically located production facility in Bengaluru SEZ, spread over 2,800 sqm, and a new 3,700 sqm facility in Bengaluru for EMS manufacturing.
The company has bagged orders for cables and harness assemblies worth a total of INR 33.21 crore from domestic and foreign companies, according to a stock exchange filing on Thursday.
Key Customers
Credit goes to: DCX SYSTEM
Credit goes to: DCX SYSTEM
PROS:
- The company has reduced its debt.
- The company is expected to deliver good quarterly results.
- The company has delivered good earnings growth of 71.6% CAGR in the last 5 years.
CONS:
- DCX System is trading at 3.78 times its book value.
- DCX System has reported profits several times, but it does not pay dividends.
- The company’s share fell by -9.44% in the last quarter.
- The company can capitalize on interest costs.
- The revenue includes other income of 46.2 Cr. Rs.
- The company has a large debt of 171 days.
- The working capital period has increased from 64.9 days to 128 days.
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About DCX Share:
DCX System is the best fundamental stock in the Aerospace & Defence sector. Its market capitalisation is around 4222 cr. The stock stands its weekly break out. As you can see over the chart the current value of this share is 379.40. As you can see in this chart it tried to break its resistance at 380 INR many times. It will break this resistance it may test its next target which is near about 420 INR.
Disclaimer: Please note that we are not recommending buying or selling any stock. We are providing general information and the best fundamental socks.
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