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DCX Systems Limited (DCXINDIA) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of DCX Systems Limited stock ₹119, price ₹141, that is 15.4% below the price, quality 32 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials IN · ISIN INE0KL801015

DS DCX Systems Limited logo Thin data Nov 10, 2026

DCX Systems Limited

DCXINDIA · NSE
Expensive, weak quality

Our calculation puts a fair price 15% below what the stock costs today.

Low debt
Mixed vs. peers (4/10)
Revenue last quarter 54% below a year ago.
Fair value ₹118.97 · Overvalued
Quality 32/100
Weak Growth (revenue 3y −16.0 %/yr in INR)
Loss-making · -3.3% net margin (TTM)
Negative free cash flow
Narrow moat 16/100
Thin data
Estimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

₹444.10 ₹132.66 Fair Value ₹118.97 Nov 2022 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

48‑month range ₹132.66 – ₹444.10 · fair‑value band ₹89.23 – ₹148.71 · the ₹140.70 price screens above the ₹118.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

DCX Systems Limited, together with its subsidiaries, manufactures and sells electronic systems and cable harnesses in India and Internationally.

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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 ₹140.70, while our estimate is ₹118.97, 15% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ₹89.23 (bear) to ₹148.71 (bull), the price of ₹140.70 sits inside 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 32/100 (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 ₹15.7B (≈ $167M) Micro · P/S ratio 2.41 · EPS (TTM) ₹−1.84 · Net margin −3.3% · Return on equity −0.5% · Return on assets (EBIT) 4.1% (5-year average) · Operating margin −8.7% · Revenue (TTM) ₹6.2B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −15%, DCXINDIA screens cheaper than that median.

Fair Value

Bear ₹89.23 Fair Value ₹118.97 Bull ₹148.71
Price ₹140.70 · Downside -15.4%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 12
How much profit the company makes from its sales and capital
Quality Growth 16
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 96
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 11
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 39
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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%
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
not computed

DCXINDIA screens overvalued: fair value 15% below the price. Compare with General Electric Company →

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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 · 261 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −15.4% · Above median
Profitability
Return on assets −0.4% · Below median
Net margin (12 months) −3.3% · Bottom 25%
Operating margin (12 months) −8.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −53.6% · Bottom 25%

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 1.04× · Cheapest 25%
P/S (12 months) 2.51× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)13 · sector 0
FUTURE (revenue growth)0 · sector 64
PAST (return on equity)0 · sector 37
HEALTH (low debt)100 · sector 93
DIVIDEND (yield)0 · sector 18

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
TransDigm Group TDG $1,226 $1,348 +10% vs DCXINDIA
Honeywell Aerospace Inc HONA $166.47 $181.25 +9% vs DCXINDIA
General Dynamics Corporation GD $367.44 $274.19 −25% vs DCXINDIA
Thales S.A HO €232.70 €170.99 −27% vs DCXINDIA
Lockheed Martin Corporation LMT $603.12 $439.21 −27% vs DCXINDIA
Northrop Grumman Corporation NOC $548.61 $382.98 −30% vs DCXINDIA
Airbus SE AIR €208.25 €112.14 −46% vs DCXINDIA
RTX Corporation RTX $200.27 $88.19 −56% vs DCXINDIA
General Electric Company GE $337.91 $92.26 −73% vs DCXINDIA
Howmet Aerospace Inc HWM $219.05 $52.65 −76% vs DCXINDIA

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DCX Systems Limited: fair value per Fair Value Calculator

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 Nov 10, 2026, our estimate of fair value is ₹118.97 versus a price of ₹140.70, about 15% lower (overvalued).
What is the fair value of DCXINDIA?
Our estimate for DCX Systems Limited is ₹118.97 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹140.70.
What is the quality score of DCXINDIA?
DCX Systems Limited has a Quality Score of 32/100. 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 calculated price target is the estimate of ₹118.97 (as of Nov 10, 2026). Cautious scenario ₹89.23, optimistic scenario ₹148.71. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the DCX Systems Limited stock forecast for 2026?
Our estimate puts fair value at ₹118.97, about 15% lower versus a price of ₹140.70 (overvalued). Cautious scenario ₹89.23, optimistic scenario ₹148.71. 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 ₹6.2B (latest available figure, as of Nov 10, 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 ₹118.97 per share (as of Nov 10, 2026), against a price of ₹140.70.
Is DCX Systems Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, DCXINDIA trades above its calculated fair value: price ₹140.70, fair value ₹118.97, a gap of about −15% (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 (₹140.70); the fair value is what the company's own numbers justify (₹118.97). For DCX Systems Limited the two are ₹21.73 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 ₹15.7B (market capitalisation, as of Nov 10, 2026). Per share that is ₹140.70; our models calculate a fair value of ₹118.97 per share.
What do the bullish and bearish scenarios say about DCXINDIA?
Our models span a range for DCX Systems Limited: cautious scenario ₹89.23, base ₹118.97, optimistic ₹148.71 per share (as of Nov 10, 2026, price ₹140.70). 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 Nov 10, 2026): return on equity −0.5%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is DCXINDIA from its 52-week high?
DCX Systems Limited trades at ₹140.70, about 37% below its 52-week high of ₹222.85 and 6% above the low of ₹132.66 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹118.97 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 Nov 10, 2026: price ₹140.70, calculated fair value ₹118.97 (−15%), Quality Score 32/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% 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 Nov 9, 2026 was ₹140.70. Our estimate is ₹118.97, about 15% lower (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?
Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

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 ₹15.7B (≈ $167M). 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 2.41 (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 ₹−1.84. 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 −3.3% (last twelve months). 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 −8.7% (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 −53.6% 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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