Introduction:
Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance.
Product Portfolio and Manufacturing Facilities:
Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023.
Ongoing Projects and Key Customers:
The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover.
Financial Performance:
In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds.
Technical Analysis:
From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock.
Conclusion:
Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance.
Product Portfolio and Manufacturing Facilities:
Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023.
Ongoing Projects and Key Customers:
The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover.
Financial Performance:
In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds.
Technical Analysis:
From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock.
Conclusion:
Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.