DCX Systems share price today

DCX Systems Ltd's share price was ₹141.77 at the close on 4 November 2026. It has been falling for 67 weeks. That is 22.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹133 and ₹223, and at that close it sat 10% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today DCX Systems Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 21 weeks running.

Over the last 4 years the share price moved −54% while the NIFTY 500 moved +40%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 15 quarters, revenue down on a year earlier for 4 quarters in a row and profit down on a year earlier for 4 quarters in a row.

1. Lowest operating margin in 15 quarters

   Operating margin was -10.4% in the June 2026 quarter, against 0.5% a year earlier.

2. Revenue down on a year earlier for 4 quarters in a row

   In the June 2026 quarter revenue was ₹103 crore, -53.6% on a year earlier.

3. Profit down on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹-9 crore, -313.3% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), DCX Systems reported revenue of ₹103 crore, down 53.6% from ₹222 crore a year earlier, and a loss of ₹8.66 crore, down 313.3% from ₹4.06 crore.

DCX Systems results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

DCX Systems closed at ₹141.77 on 4 November 2026, down 31.4% from ₹206.71 a year earlier (7 November 2025) and down 49.0% over three years. Its highest weekly close since November 2022 was ₹437.10 on 5 July 2024.

DCX Systems share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

212 weekly closes from 11 November 2022 to 4 November 2026.

4 Nov 2026: DCX Systems closed at ₹141.77, up 6.9% on the week and down 10.8% on the month. Results for April to June 2026: Revenue down 53.6% and profit down 313.3% on a year earlier.

DCX Systems has paid no dividend on the NSE since its first NSE close in our records (11 November 2022), the start of the period we checked.

No. DCX Systems Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

DCX Systems is on 2 of our India lists: 52 week high & low and Defence stocks.

DCX Systems Ltd posted a net loss of ₹8.7 Cr in the Jun 2026 quarter. The full FY26 year was a loss of ₹8.0 Cr. That loss is 8.4% of the quarter's revenue. The same quarter a year earlier earned ₹4.1 Cr. 4 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Jun 2026 profit was −₹8.7 Cr, −313.3% on a year earlier. For the full year, FY26 profit was −₹8.0 Cr (−120.5% on the year before).

Why profit moved: revenue changed −53.6% on a year earlier and the margin moved −10.9 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −203.1% and revenue −39.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

DCX Systems Ltd reported ₹103 Cr of revenue in the Jun 2026 quarter, −53.6% on the same quarter a year earlier. Over 5 years it has grown 3.0% a year on average. The last full year, FY26, came in at ₹743 Cr. The last four reported quarters add to ₹624 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹743 Cr, −31.5% on the year before.

Recent pace: the last four quarters grew −39.2% on average, against 3.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −46.5%, against −33.0% a year over the last 8 quarters (rolling over).

DCX Systems Ltd's operating margin was −10.4% in the Jun 2026 quarter, 10.9 percentage points lower than the same quarter a year ago. Across 6 years it has been between −2.3% and 7.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −10.9 percentage points on the year while gross margin changed +1.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years DCX Systems Ltd's operations used more cash than they brought in, so cash conversion was −481%, a gap worth watching. In FY26 it brought in ₹2.0 Cr of operating cash against −₹8.0 Cr of profit. After ₹152 Cr of spending on assets, free cash was −₹150 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −481% of profit came in as cash: the cash cycle got 193 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 193 days longer. The next section looks at where the cash is stuck.

DCX Systems Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 242 days in FY26, up from 49 days in FY21. It spent ₹497 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 289 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹743 Cr, each day of that cycle ties up about ₹2.0 Cr, so roughly ₹493 Cr is tied up in the business at any time.

FY26: customers took 66 days to pay and stock sat for 289 days, about 9.5 months of sales sitting as stock, for a full cycle of 242 days, longer than FY21's 49.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 289 days. Customers pay about 66 days after that. Suppliers are paid at 113 days. Together that makes the 242-day cycle.

Spending on assets: ₹497 Cr over the last 3 years, against ₹33.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

DCX Systems Ltd's P/E is 169.3×, about the highest it has ever been. Its usual P/E (the middle reading) is 51.9×, over 3.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −119.8% while the price moved −31.4%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −20.1% a year; about −45.6% a year came from earnings growth and about +25.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

DCX Systems Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −46.5% in the latest quarter, against +41.8% at its best in 12 quarters, with ROCE falling at -0.3%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

DCX Systems Ltd earned a ROCE of 1% in FY26. Its return on capital used (ROIC) is 15.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −1.1% net margin and 0.35× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a −1.1% net margin × 0.35× asset turnover × 1.39× leverage (assets divided by equity) ≈ −0.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: −3.9% − 12.0% = −15.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The −3.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 2.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

DCX Systems Ltd has total debt of ₹3.0 Cr against shareholder equity of ₹1,513 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 2.89 in FY21 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in DCX Systems Ltd by 5.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 2.8% of the company. Promoters moved −5.0 points over the same period, to 52.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −5.1 points over 8 quarters, to 2.8%; Promoters: −5.0 points over 8 quarters, to 52.2%; Foreign institutions: +0.8 points over 8 quarters, to 1.5%.

Why the owners changed: domestic institutions drove it (−5.1 points), together with promoters (−5.0 points). They reduced their stake.

For DCX Systems Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

23.7 out of 100, rank 24 of 25 in Aerospace & Defence - Equipments, with 61% of the evidence available.

DCX Systems Ltd scores 23.7 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 24. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 3.8 + 2.4 + 10 + 7.5 = 23.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

DCX Systems ranks 24 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 23.7 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Aerospace & Defence - Equipments, all 25 compared on one page.

DCX Systems is the 24th largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Ideaforge Technology, Jaykay Enterprises, Vinyas Innovative Technologies, Sika Interplant Systems and NIBE. Just below it: High Energy Batteries (India).

Aerospace & Defence - Equipments companies close in size

19. Ideaforge Technology Ltd ₹3,125 crore
20. Jaykay Enterprises Ltd ₹2,947 crore
21. Vinyas Innovative Technologies Ltd ₹1,866 crore
22. Sika Interplant Systems Ltd ₹1,799 crore
23. NIBE Ltd ₹1,717 crore
24. DCX Systems Ltd ₹1,478 crore
25. High Energy Batteries (India) Ltd ₹476 crore

All 25 Aerospace & Defence - Equipments companies, largest first

Companies close in size in other industries

1382. Nitta Gelatin India Ltd ₹1,489 crore · Chemicals - Organic
1383. Diffusion Engineers Ltd ₹1,483 crore · Welding Equipments
1384. DCX Systems Ltd ₹1,478 crore
1385. Gujarat Natural Resources Ltd ₹1,476 crore · Oil Exploration/Allied Services
1386. Xtranet Technologies Ltd ₹1,476 crore

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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