# DCX Systems share price today (DCX Systems Ltd, NSE: DCXINDIA)

> DCX Systems share price today: ₹138.56 at the NSE close on 3 November 2026, down 38.5% in a year. DCX Systems (NSE: DCXINDIA) is worth ₹1,540 crore, trades at a P/E of 169.3 and has closed between ₹132.66 and ₹222.85 over the past 52 weeks. > DCX Systems Ltd's share price has risen faster than its earnings: −38.5% in a year, against −119.8% for earnings per share. DCXINDIA · Aerospace & Defence - Equipments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/dcx-systems-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹138.56 (−38.5% in a year)
- P/E: 169.3× (higher than 99% of the last 3.5 years)
- Revenue (Jun 2026): ₹103 Cr (−53.6% on a year ago)
- Profit (Jun 2026): −₹8.7 Cr (−313.3% on a year ago)
- Operating margin: −10.4% (−10.9 points on a year ago)
- ROCE: 1%, FY26
- ROIC: −3.9%, against a 12.0% cost of capital: −15.9 points

The main question: the share price moved −38.5% in a year while yearly earnings per share moved −119.8%. The difference came from the market paying a higher multiple. ## What is the DCX Systems share price today? DCX Systems Ltd's share price was ₹138.56 at the close on 3 November 2026. It has been falling for 67 weeks. That is 24.4% 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 7% of the way up from that low. 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 −55% 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. ## What changed at DCX Systems this quarter? 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. ## What are DCX Systems' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹103 crore | ₹222 crore | −53.6% |
| Profit | loss of ₹8.66 crore | ₹4.06 crore | −313.3% |
| Earnings per share | ₹−0.78 | ₹0.36 | −316.7% |
| Operating margin | −10.4% | 0.5% | −10.9 points |

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.)

## What is the DCX Systems share price history? DCX Systems closed at ₹138.56 on 3 November 2026, down 38.5% from ₹225.26 a year earlier (31 October 2025) and down 50.2% over three years. Its highest weekly close since November 2022 was ₹437.10 on 5 July 2024. ### DCX Systems share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹132.91 | +4.3% |
| 1 month ago · 1 Oct 2026 | ₹158.99 | −12.8% |
| 6 months ago · 30 Apr 2026 | ₹200.97 | −31.1% |
| 1 year ago · 31 Oct 2025 | ₹225.26 | −38.5% |
| 3 years ago · 3 Nov 2023 | ₹278.05 | −50.2% |
| Earliest weekly close in our records · 11 Nov 2022 | ₹308.45 | −55.1% |
| Highest weekly close since November 2022 · 5 Jul 2024 | ₹437.10 | −68.3% |
| Lowest weekly close since November 2022, also the 52-week low · 30 Oct 2026 | ₹132.66 | +4.4% |
| 52-week high (weekly close) · 8 May 2026 | ₹222.85 | −37.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (212 weekly closes from 11 November 2022 to 3 November 2026.)

## What is the latest news on DCX Systems? 3 Nov 2026: DCX Systems closed at ₹138.56, up 4.3% on the week and down 12.8% on the month. Results for April to June 2026: Revenue down 53.6% and profit down 313.3% on a year earlier. ## What dividend does DCX Systems pay? 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 4 November 2026.)

## Which stock lists is DCX Systems on? DCX Systems is on 2 of our India lists: 52 week high & low and Defence stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is DCX Systems profitable? 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. 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. ## How much revenue does DCX Systems make, and is it growing? 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. 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). ## How much of every ₹100 of sales does DCX Systems keep? 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. 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. ## Is DCX Systems' profit turning into cash? 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. 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. ## Where does DCX Systems' cash go? 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. 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. ## What is DCX Systems' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −119.8% while the price moved −38.5%. 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 −20.7% a year; about −45.6% a year came from earnings growth and about +24.9 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. ## Is the DCX Systems business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does DCX Systems earn on its capital? 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). 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. ## Does DCX Systems have too much debt? 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. ## What is the DCX Systems shareholding pattern? 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. 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. ## How far is DCX Systems from balance-sheet trouble? 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. ## How does DCX Systems rank in its industry? 23.8 out of 100, rank 24 of 25 in Aerospace & Defence - Equipments, with 61% of the evidence available. DCX Systems Ltd scores 23.8 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 + 2.5 + 10 + 7.5 = 23.8. 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. ## Which companies is DCX Systems compared with? DCX Systems ranks 24 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 23.8 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.8 + 9.2 + 16.4 = 70.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 32.3 + 15.6 + 7.4 + 14.9 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ROSSTECH · leader · Evidence leans up · 79% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.2/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.5 + 8.2 + 8.8 + 19.5 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 12.6 + 9 + 14.9 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) HAL · breaking out · Evidence leans up · 96% evidence 52.4 out of 100 Growth Capital Valuation Relative
12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.8 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
17. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) AXISCADES · breaking out · Evidence leans down · 89% evidence 41.6 out of 100 Growth Capital Valuation Relative
18. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) BEML · breaking out · Evidence leans down · 88% evidence 40.9 out of 100 Growth Capital Valuation Relative
19. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 39.8 out of 100 Growth Capital Valuation Relative
20. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) BDL · basing · Evidence leans down · 96% evidence 35.6 out of 100 Growth Capital Valuation Relative
21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. DCX Systems Ltd this page DCXINDIA · quiet · Most evidence points down · 61% evidence 23.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 3.8/35 · Revenue -46.5% · Profit -80% · Operating margin change -10.9 points · 88% evidence Capital efficiency 2.5/25 · ROCE 0.9% · Operating margin -10.4% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.5% · 1 year -41.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 3.8 + 2.5 + 10 + 7.5 = 23.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/aerospace-defence-equipments), all 25 compared on one page. ## Which companies are close to DCX Systems in size? 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

1. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) ₹3,125 crore
2. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) ₹2,947 crore
3. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) ₹1,866 crore
4. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) ₹1,799 crore
5. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) ₹1,717 crore
6. DCX Systems Ltd ₹1,478 crore
7. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) ₹476 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [Nitta Gelatin India Ltd](https://www.sectoralpha.in/stocks/nitta-gelatin-india-ltd) ₹1,489 crore · Chemicals - Organic
2. [Diffusion Engineers Ltd](https://www.sectoralpha.in/stocks/diffusion-engineers-ltd) ₹1,483 crore · Welding Equipments
3. DCX Systems Ltd ₹1,478 crore
4. [Gujarat Natural Resources Ltd](https://www.sectoralpha.in/stocks/gujarat-natural-resources-ltd) ₹1,476 crore · Oil Exploration/Allied Services
5. [Xtranet Technologies Ltd](https://www.sectoralpha.in/stocks/xtranet-technologies-ltd) ₹1,476 crore

## What else do people ask about DCX Systems? ### What is DCX Systems's share price today? DCX Systems Ltd's share price is ₹138.56, −38.5% over the past year. The whole company is worth ₹1,540 Cr on the market. In the last 52 weeks it traded between ₹133 to ₹223; today it is 7% of the way up from the low, 24.4% below its 200-day average (as of 3 November 2026). ### What were DCX Systems's latest quarterly results? DCX Systems Ltd reported revenue of ₹103 Cr and a net loss of ₹8.7 Cr for the Jun 2026 quarter. Revenue fell 53.6% and profit fell 313.3% compared with a year earlier. Earnings per share were −₹0.78. The operating margin was −10.4%, 10.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is DCX Systems's market cap? DCX Systems Ltd's market capitalisation is ₹1,540 Cr at a share price of ₹138.56. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is DCX Systems performing? DCX Systems Ltd's share price has been falling for 67 weeks. In its latest quarter, revenue fell 53.6% and profit fell 313.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 21 weeks running (as of 3 November 2026). ### Will DCX Systems's share price go up? This page does not forecast DCX Systems Ltd's share price. What it shows instead: the share price is ₹138.56, and it has been falling for 67 weeks. Its P/E of 169.3× is higher than 99% of its own last 4 years (as of 3 November 2026). ### Who owns DCX Systems? Promoters own 52.2% of DCX Systems Ltd, foreign institutions 1.5%, domestic institutions 2.8% and the public 43.6% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 5.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is DCX Systems in its business cycle? DCX Systems Ltd's FY26 operating margin was −2.3%, against a 6-year range of −2.3% to 7.0%: the low end of its own range, which is often where recoveries start. The latest quarter was −10.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the DCX Systems story? The main question: the share price moved −38.5% in a year while yearly earnings per share moved −119.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is DCX Systems a stock worth studying right now? What the numbers show: DCX Systems Ltd's share price has risen faster than its earnings: −38.5% in a year, against −119.8% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.