DCX Systems shares rise after subsidiary gets approval to make printed circuit board assemblies

The stock’s P/E is 38.27x, making it the second cheapest in absolute terms among its peers.

DCX Systems shares were trading 2 per cent higher on September 25 after the company announced that its subsidiary Ranel Advanced Systems has received ‘all necessary approvals’ for the production of printed circuit board assemblies (PCBAs).

“The company is now set to commence commercial production of PCBA from September 25,” it said in a regulatory filing.

PCBA is an important component in electronic components. It acts as the backbone in connecting and supporting various electronic components such as resistors, capacitors, integrated circuits and connectors. This allows them to communicate and act at will.

At 1:30 pm on the NSE, DCX Systems stock was at Rs 301.75, up Rs 6.75 or 2.29 per cent.

The stock’s P/E is 38.27x, making it the second cheapest in absolute terms among its peers.

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In its April-June quarter results, the company reported a 20.23 per cent year-on-year decline in revenue from operations at Rs 170.10 crore. Net profit for the quarter stood at Rs 9.60 crore, up 72.35 per cent year-on-year. Operating profit margin for the quarter increased 217 basis points year-on-year to 12 percent.

DCX Systems is engaged in the business of providing technology solutions and services. Its offerings include network management systems, software applications and customized IT solutions.

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