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Earnings Call

DCX Systems Earnings Call: Key Takeaways

DCX Systems reported standalone Q4 FY26 revenue of ₹205.91 Cr, a 58.44% YoY decline, while transitioning towards a 'Product Company' model via JVs and backward integration.

Highlights
Revenue growthStandalone revenue declined 33.47% YoY for FY26.
MarginsEBIT margin improved 113bps YoY to 7.15% in FY26.
Order bookConsolidated order book at ₹2,984 Cr as of March 31, 2026.
Demand visibilityStrong pipeline; received orders of ₹720+ Cr in Q4 FY26.

Growth

FY26 Standalone Revenue down 33.47% YoY to ₹739.87 Cr; PAT margin improved to 4.48% (127bps expansion).

Outlook

Order book of ₹2,984 Cr as of March 2026; targeting ₹1bn opportunity in offset obligations; focus on high-margin cable/harness business.

Risks

Geopolitical uncertainties, dependence on offset projects, and significant YoY revenue decline in the standalone entity.

Source

Earnings Call filed with BSE, NSE: DCXINDIA. Summary written with AI assistance from the document.

Read the document ↗

DCX Systems Ltd: key numbers

Share price
₹161.99
Market cap
₹1,804 Cr
Revenue (annual)
₹743.3 Cr
Net profit (annual)
₹-7.71 Cr
P/E (TTM)
-88.3×Sector 53.6×
Promoter holding
52.16%+0.00% QoQ
FII holding
1.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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