DCX Systems IPO

DCX Systems Ltd (DSL) is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in FY22 in the defence and aerospace sector (Source: Company Commissioned F&S Report).

The company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and is also involved in kitting. It commenced operations in 2011 and has been a preferred Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs) for executing aerospace and defence manufacturing projects. It is a rapidly growing company in the Indian defence space with revenue from operations have grown at a CAGR of 56.64% between FY20 and FY22.

Over the years, the company has expanded its manufacturing capabilities and grown its order book. It operates through its manufacturing facility located at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka. Its facility is spread over an area of 30,000 square feet and is set up for complete in-house environmental and electrical testing and wire processing.

The company’s order book has increased from Rs 1,941.31 crore, as of March 31, 2020 to Rs 2,369 crore, as of March 31, 2022. As of June 30, 2022, its order book stood at Rs 2,563.63 crore to be executed in the FY23 to FY25.