DCX Systems IPO – Margins remain low on high offset contracts: ICICI Direct | Techno Glob


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DCX Systems Ltd. is one of the leading Indian players for manufacturing electronic sub-systems and cables in terms of production capacity.

The company is primarily involved in system integration and comprehensive manufacturing of cables and wire harnesses, and also engages in catenary.

DCX started its operations in 2011 and has been the preferred Indian offset partner for foreign OEMs to implement aerospace and defense manufacturing projects. Revenue from businesses grew at a compound annual growth rate of 56.6% in FY20-22.

There are significant opportunities for private sector companies such as DCX Systems, with a focus on specialization and outsourcing of assembly and component manufacturing to the private sector.

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