DCX Systems Limited was founded on December 16, 2011. It is a well-known defense and aerospace manufacturer. The company was listed on the BSE on November 11, 2022. Let’s explore DCX Systems’ growth potential and the DCX Systems share price target 2025 to 2050 in this article.
System Integration Business: DCX Systems provides system integration services for electronic sub-systems and cable harnesses. It partners with global OEMs to assemble, test, and integrate advanced electronic systems used in aerospace, defence, and homeland security applications.
Cable and Wire Harness Assemblies: The company designs and manufactures cable and wire harness assemblies that are used in a wide range of applications, including radar systems, sensors, surveillance systems, and military-grade electronics. These assemblies are critical for the smooth transmission of signals and power in mission-critical defence systems, making DCX a key supplier in the Indian defence manufacturing ecosystem.
Electronic Sub-System Manufacturing: DCX also manufactures electronic sub-systems and modules that are directly used in defence systems. These include power distribution systems, RF modules, and control panels.
Offset Partnerships: DCX Systems makes defense products in India as an Indian Offset Partner (IOP) for Original Equipment Manufacturers (OEMs) from other countries.
DCX Systems Fundamental Analysis
Stock Name
DCX Systems Ltd.
NSE Symbol
DCXINDIA
Market Cap
₹ 3452 Cr.
52W High
₹ 452
52W Low
₹ 200
Stock P/E
88.8
Book Value
₹ 123
Dividend Yield
0.00 %
ROCE
5.10 %
ROE
3.11 %
Face Value
₹ 2.00
Industry PE
76.6
Price to book value
2.49
Debt to equity
0.00
PEG Ratio
–
Quick ratio
2.41
DCX Systems Shareholding Pattern
Shareholders
March 2023
March 2024
March 2025
Promoters
71.72%
62.30%
56.86%
FIIs
0.94%
2.30%
1.17%
DIIs
9.69%
11.19%
4.04%
Public
17.63%
24.24%
37.96%
No. of Shareholders
71,998
86,690
1,42,536
Key Factors Driving DCX Systems’ Future Growth
Defence Modernization and Indigenization Push: The Government of India is aggressively pushing self-dependency in defence manufacturing through initiatives like ‘Make in India’ and the Defence Production and Export Promotion Policy (DPEPP) 2020. As a preferred Indian Offset Partner (IOP) for global OEMs, DCX Systems is well-positioned to benefit from the growing demand for indigenously produced defence electronics and system integration services.
Rising Demand for Electronic Subsystems: With increasing complexity in modern warfare and aerospace systems, the need for advanced electronic subsystems—such as radar systems, electronic warfare components, and RF modules—is growing. DCX Systems, which specializes in system integration and cable harnessing solutions, stands to gain from this structural demand shift.
Strategic Global Partnerships: DCX Systems has established long-term relationships with global defence and aerospace OEMs such as Elbit Systems, Rafael Advanced Defense Systems, and Alpha Elsec. These partnerships enable the company to secure regular orders and export revenue, ensuring business stability and growth visibility.
Expansion into New Sectors: DCX Systems is diversifying its presence beyond defence into sectors like aerospace, space technology, and civil aviation. This diversification opens up new high-margin markets and reduces dependence on defence sector.
Policy Support and FDI Liberalization: Liberal FDI norms in the defence sector (up to 74% under automatic route) and rising budgetary allocation to defence procurement provide a favourable policy backdrop. DCX Systems, as a private sector player with technical know-how and global integration experience, will benefit from increased private sector participation in defence production.
Pros of DCX Systems
Debt Free Company: DCX Systems is a debt-free company.
Increase in FIIs Holding: Foreign Institutional Investors (FIIs) have increased their holding to 1.17% in March 2025 from 1.01% in December 2024, which indicates growing confidence in the DCX Systems’ future potential by the FIIs.
Cons of DCX Systems
Decreasing Sales: DCX Systems’ sales have been decreasing at a CAGR of -1% over the last three years.
Decreasing Profits: DCX Systems’ profits have been decreasing at a CAGR of -16% over the last three Years.
Overvaluation Concern: DCX Systems’ stock is trading at a PE ratio of 88.8, which is relatively higher than the industry average of 76.6, indicating that the stock is overvalued compared to its peers.
Decrease in DIIs Holding: Domestic Institutional Investors (DIIs) have reduced their holding to 4.04% in March 2025 from 5.39% in December 2024, indicating a decline in DIIs’ confidence in the company’s future growth prospects.
DCX Systems Ltd Balance Sheet
Particulars
March 2023
March 2024
March 2025
Equity Capital
19
22
22
Reserves
547
1,104
1,353
Borrowings
509
291
4
Other Liabilities
143
430
525
Total Liabilities
1,219
1,847
1,904
Fixed Assets
15
60
347
CWIP
5
0
0
Investments
0
0
0
Other Assets
1,199
1,787
1,558
Total Assets
1,219
1,847
1,904
DCX Systems Share Price Target 2025
By the end of 2025, the DCX Systems share price is expected to be around ₹390 in normal conditions. In a bear market, it might be ₹280, and in a bull market, it may go up to ₹480.
DCX Systems Share Price Target 2025
Rupees (₹)
Bear Market
280
Normal Market
390
Bull Market
480
DCX Systems Share Price Target 2026
In 2026, the DCX Systems share price is expected to be around ₹460 in a normal situation. In a bear market, it might be ₹300, and in a bull market, it may cross ₹620.
DCX Systems Share Price Target 2026
Rupees (₹)
Bear Market
300
Normal Market
460
Bull Market
620
DCX Systems Share Price Target 2027
According to our analysis, the DCX Systems share price is expected to be around ₹560 in 2027. In a bear market, it might be ₹340, and in a bull market, it may cross ₹800.
DCX Systems Share Price Target 2027
Rupees (₹)
Bear Market
340
Normal Market
560
Bull Market
800
DCX Systems Share Price Target 2028
According to our analysis, the DCX Systems share price may trade near ₹670 by 2028; bearish conditions could pull it down to ₹370, while a strong bull run might lift it to ₹1050.
DCX Systems Share Price Target 2028
Rupees (₹)
Bear Market
370
Normal Market
670
Bull Market
1050
DCX Systems Share Price Target 2029
Under normal conditions, the DCX Systems share price might hit ₹800 by 2029. A bearish trend could lower it to ₹410, whereas a bullish surge could raise it to ₹1380.
DCX Systems Share Price Target 2029
Rupees (₹)
Bear Market
410
Normal Market
800
Bull Market
1380
DCX Systems Share Price Target 2030
In a normal situation, the DCX Systems share price is projected to be approximately ₹950 in 2030. In a bear market, the value may be as low as ₹450, while in a bull market, it may rise to ₹1780.
DCX Systems Share Price Target 2030
Rupees (₹)
Bear Market
450
Normal Market
950
Bull Market
1780
DCX Systems Share Price Target 2035
By 2035, the DCX Systems share price is projected to be around ₹1900 under normal conditions. In adverse markets, the price could fall to ₹650, while favorable conditions might push it up to ₹5350.
DCX Systems Share Price Target 2035
Rupees (₹)
Bear Market
650
Normal Market
1900
Bull Market
5350
DCX Systems Share Price Target 2040
Under normal conditions, the DCX Systems share price might hit ₹3800 by 2040. A bearish trend could lower it to ₹1000, whereas a bullish surge could raise it to ₹16,000.
DCX Systems Share Price Target 2040
Rupees (₹)
Bear Market
1000
Normal Market
3800
Bull Market
16,000
DCX Systems Share Price Target 2050
In 2050, the DCX Systems share price is expected to be around ₹15,200 in a normal situation. In a bear market, it might be ₹3000, and in a bull market, it may go up to ₹96,000.
DCX Systems Share Price Target 2050
Rupees (₹)
Bear Market
3000
Normal Market
15,200
Bull Market
96,000
Quick Summary of DCX Systems Share Price Target 2025 to 2050
Years
Target Price
DCX Systems Share Price Target 2025
₹280 to ₹480
DCX Systems Share Price Target 2026
₹300 to ₹620
DCX Systems Share Price Target 2027
₹340 to ₹800
DCX Systems Share Price Target 2028
₹370 to ₹1050
DCX Systems Share Price Target 2029
₹410 to ₹1380
DCX Systems Share Price Target 2030
₹450 to ₹1780
DCX Systems Share Price Target 2035
₹650 to ₹5350
DCX Systems Share Price Target 2040
₹1000 to ₹16,000
DCX Systems Share Price Target 2050
₹3000 to ₹96,000
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.
