DCX Systems Limited (DCXINDIA) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of DCX Systems Limited ₹91.89, price ₹162, upside -43.3%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
46‑month range ₹140.10 – ₹444.10 · fair‑value band ₹60.65 – ₹114.86 · the ₹161.99 price screens above the ₹91.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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DCX Systems Limited, together with its subsidiaries, manufactures and sells electronic systems and cable harnesses in India and Internationally. It offers cable and harness, fine wire cable, flex flat cable, backplane, and conduit assemblies; and EMI shield cable harnesses, wired enclosures, diagnostic test sets, and special/customized connectors.
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DCX Systems Limited, together with its subsidiaries, manufactures and sells electronic systems and cable harnesses in India and Internationally. It offers cable and harness, fine wire cable, flex flat cable, backplane, and conduit assemblies; and EMI shield cable harnesses, wired enclosures, diagnostic test sets, and special/customized connectors. The company also provides electronic manufacturing services, including printed circuit board and electro-mechanical assemblies, design for manufacturability analysis, conformal coating and special processes, flashing/burning of programmable ICs and FPGAs, in-circuit and functional level testing, burn-in/environmental stress screening vibration testing, and repair and revision upgrading services. In addition, it offers aerospace, defense, and industrial automation equipment; subsystem assembly; and integration and testing services, as well as kitting services. The company serves aerospace, land and naval defense systems, and satellites and civil aviation sectors. The company was formerly known as DCX Cable Assemblies Pvt. Ltd. and changed its name to DCX Systems Limited. DCX Systems Limited was incorporated in 2011 and is based in Bengaluru, India.
Stock analysis
DCX Systems Limited (DCXINDIA) currently trades at ₹161.99, while our model-based Fair Value estimate is ₹91.89, implying the stock looks roughly 76.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹60.65 (bear) to ₹114.86 (bull), the price of ₹161.99 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DCX Systems Limited reported revenue of ₹7.4B in FY2026 versus ₹11.0B in FY2022, a compound −9.3%/yr. Reported net income was −₹77.1M in FY2026.
Key figures
Market cap ₹21.3B (≈ $222M) · P/S ratio 2.86 · EPS (TTM) ₹−0.6900 · Net margin −1.0% · Return on equity −0.5% · Return on assets (EBIT) 4.1% · Operating margin 0.4% · Revenue (TTM) ₹7.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at −43%, DCXINDIA screens richer than that median.
Fair Value models
Bear ₹60.65Fair Value ₹91.89Bull ₹114.86
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−31.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.8% (2021) → −4.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 224 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−43.3% · Above median
Profitability
Return on assets−1.0% · Bottom 25%
Net margin (TTM)−1.0% · Bottom 25%
Operating margin (TTM)0.4% · Bottom 25%
Growth and dividend
Revenue growth−62.3% · Bottom 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/S (TTM)0.03× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 47
PAST (return on equity)0· sector 38
HEALTH (low debt)100· sector 93
DIVIDEND (yield)0· sector 17
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "DCX Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/DCXINDIA
Frequently asked questions
Is DCX Systems Limited (DCXINDIA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹91.89 versus a price of ₹161.99, about −43% upside (overvalued).
What is the fair value of DCXINDIA?
Our model-based fair value for DCX Systems Limited is ₹91.89 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹161.99.
What is the quality score of DCXINDIA?
DCX Systems Limited has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DCX Systems Limited (DCXINDIA)?
Our model-based price target is the fair value of ₹91.89 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ₹60.65, optimistic scenario ₹114.86. It is a calculation from audited fundamentals, not an analyst target.
What is the DCX Systems Limited stock forecast for 2026?
Our models put fair value at ₹91.89, about −43% upside versus a price of ₹161.99 (overvalued). Cautious scenario ₹60.65, optimistic scenario ₹114.86. The calculation is refreshed regularly with new filings.
What is the revenue of DCX Systems Limited (DCXINDIA)?
DCX Systems Limited reported trailing-twelve-month revenue of about ₹7.4B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of DCX Systems Limited (DCXINDIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DCX Systems Limited it is ₹91.89 per share (as of Sep 27, 2026), against a price of ₹161.99. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is DCX Systems Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, DCXINDIA trades above its calculated fair value: price ₹161.99, fair value ₹91.89, a gap of about −43% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DCXINDIA?
No. The price is what the market pays today (₹161.99); the fair value is what the company's own numbers justify (₹91.89). For DCX Systems Limited the two are ₹70.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is DCX Systems Limited worth?
The market values DCX Systems Limited at about ₹21.3B (market capitalisation, as of Sep 27, 2026). Per share that is ₹161.99; our models calculate a fair value of ₹91.89 per share.
What do the bullish and bearish scenarios say about DCXINDIA?
Our models span a range for DCX Systems Limited: cautious scenario ₹60.65, base ₹91.89, optimistic ₹114.86 per share (as of Sep 27, 2026, price ₹161.99). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DCX Systems Limited (DCXINDIA)?
Balance-sheet figures for DCX Systems Limited (as of Sep 27, 2026): return on equity −0.5%. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is DCXINDIA from its 52-week high?
DCX Systems Limited trades at ₹161.99, about 38% below its 52-week high of ₹262.95 and 5% above the low of ₹154.23 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹91.89 is for.
Which stocks are comparable to DCX Systems Limited?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DCX Systems Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹161.99, calculated fair value ₹91.89 (−43%), Quality Score 26/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DCXINDIA calculated?
We run DCX Systems Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹91.89, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. DCX Systems Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DCX Systems Limited (DCXINDIA)?
The closing price on Sep 25, 2026 was ₹161.99. Our model-based fair value is ₹91.89, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DCX Systems Limited right now?
The price sits above even our optimistic bull case (₹114.86). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹60.65 to ₹114.86) leaves room in how you read the outcome.
Key figures of DCX Systems Limited
How large is the market capitalisation of DCX Systems Limited (DCXINDIA)?
The market capitalisation of DCX Systems Limited is ₹21.3B (≈ $222M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DCX Systems Limited (DCXINDIA)?
The price-to-sales ratio of DCX Systems Limited is 2.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DCX Systems Limited (DCXINDIA)?
Earnings per share at DCX Systems Limited are ₹−0.6900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DCX Systems Limited (DCXINDIA)?
The net margin of DCX Systems Limited is −1.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DCX Systems Limited (DCXINDIA)?
The return on equity (ROE) of DCX Systems Limited is −0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DCX Systems Limited (DCXINDIA)?
On an EBIT basis the return on assets of DCX Systems Limited is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DCX Systems Limited (DCXINDIA)?
The operating margin of DCX Systems Limited is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DCX Systems Limited (DCXINDIA)?
Revenue at DCX Systems Limited is growing −62.3% versus a year earlier (3y avg −16.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DCX Systems Limited (DCXINDIA)?
Earnings per share at DCX Systems Limited are growing +38.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DCX Systems Limited (DCXINDIA) generate?
The free cash flow of DCX Systems Limited is −₹1.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does DCX Systems Limited (DCXINDIA) hold?
DCX Systems Limited holds more cash than debt, ₹7.6B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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