Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Newspaper Publication for the Notice of 15th Annual General Meeting (AGM)
Source: Bse
DCX Systems Limited (DCXINDIA)
Small CapIndustrials stocks · Small cap · NSE
DCX Systems Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result12 Aug, 06:18 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -7.8% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DCXINDIAD candles · FIT view-23.7%Latest close ₹147.88 on 2026-10-19
Bar
-2.9%
RSI
31
MACD hist
-0.19
52W pos
1%
2026-10-19O ₹152.30H ₹153.99L ₹147.00C ₹147.88Vol 2.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DCXINDIANifty India ManufacturingNifty 500
- DCXINDIA
- -20.3%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -14.7 pp
Chart stats
19 Oct 2026- From 52W high
- -39.9%
- 52W range position
- 1%
- ATR (14)
- 3.5%
- Volume vs 20D
- 0.73x
- Avg traded value
- ₹4.6 Cr
- 20D price channel
- ₹147 - ₹170
₹246
₹147 - ₹246
₹5.2
Latest completed session
20-session average
24.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED25
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -53.6% · PAT -313.3% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence59
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -54% YoY · PAT -313% YoY · margin compression
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹103.1 Cr | -53.6% | -50.2% |
| EBITDA | ₹-10.8 Cr | -1059.8% | -3157.6% |
| Operating margin | -10.4% | -1092 bps | -1026 bps |
| PAT | ₹-8.7 Cr | -313.3% | NDF |
| PAT margin | -8.4% | -1023 bps | -826 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 1.13
- EV/EBITDA
- —
- Market Cap
- 1702.00Cr
Profitability
- ROE
- -0.53%
- ROCE
- 0.87%
- ROA
- -0.95%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 3.00%
- EPS 5Y
- 6.00%
- Revenue 3Y
- -16.00%
- EPS 3Y
- -20.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- -9.67×
- Altman Z
- 3.23
- Book Value
- 136.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 2.00 Cr
- EPS TTM
- -1.84
Shareholding
- Promoter Hold
- 52.17%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 103-50.2% vs prev
Net Profit
₹ CrLatest: -8.7-2786.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.5% over last month) — short-term momentum negative.
- RSI(14) at 31 — sideways, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
16
RS percentile
Stage 4 Downtrend
1M return
-9.3%
3M return
-20.3%
6M return
-26.4%
1Y return
-34.0%
RS 1D
-3
RS 20D
-2
Sector rank
#2
Industry rank
#27
Stage evidence
- Price is 18.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 59.29-2.06%
RS vs Nifty 50059
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth4/25
Quality0/20
Balance Sheet10/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
25
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
25/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 10/15 to the score.
- Cash flow contributes 2/10 to the score.
- Valuation contributes 5/30 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 4/25; verify the latest quarterly trend.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
—
PB
1.1
EV/EBITDA
—
ROE
-0.5%
ROCE
0.9%
FCF Yield
—
Debt/Equity
0.0
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
25
Previous: 25
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
25
25
25
25
25
25
25
25
25
25
25
25
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
14.1
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NELCO
Small
NELCO Limited
Defence Electronics
match 167
16
453.2
0.5%
-48105%
OVERVALUED
MICEL
Small
MIC Electronics Limited
Defence Electronics
match 160
27
—
-5.8%
—
OVERVALUED
ONIDA
Small
Onida Electronics Limited
Defence Electronics
match 160
14
—
-26.4%
—
OVERVALUED
MBEL
Small
M & B Engineering Limited
Defence Electronics
match 159
69
14.5
19.4%
+57%
UNDERVALUED
SALZERELEC
Small
Salzer Electronics Limited
Defence Electronics
match 158
39
21.2
9.4%
+50%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
DCX Systems Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
59Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 25th percentile of the scored universe and 20th percentile within Industrials. Main check: results consistency is weak at 15/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
34 docs text-extracted · 13 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
25th percentile
overall median 67 · Industrials: 20th pctile, median 68 · Small: 28th pctile, median 66
Evidence depth
Financial-only
34 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
32
weak · capital discipline
Results
15
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 4.5%.
- ▸ROE is low at 2.8%.
- ▸0/4 latest quarters had positive YoY revenue growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching DCX Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationJul 2026
Jul 2026 · PPT
Source: Company Ir
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 15 Jul - DCX Systems invests ₹84.32 crore in ELTX Systems via rights issue; stake remains 37%.
Source: Bse
Investor presentationJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Investor Presentation 13 Aug - Investor Presentation on the un-audited financial results of the Company for the quarter ended June 30, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Aug - Press release uploaded for Q1 FY26-27 unaudited financial results ended June 30, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Newspaper Publications of the un-audited financial results for the quarter ended June 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 17 Jun - Karnataka Commercial Taxes Department demanded Rs. 1.46 crore, including Rs. 8.02 lakh penalty, for excess ITC claim.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Company Ir
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 May - Press release on audited Q4 and FY2026 financial results dated May 27, 2026.
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 May - CARE report for Q4 FY26 says nil deviation in IPO and QIP proceeds; unutilized funds parked in FDs.
Source: Bse
Credit ratingQ4 2026
Q4 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 8 May - Crisil downgraded DCX Systems' ₹1,000 crore bank facilities to BBB+/Stable and A2.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.