NSE: DATAPATTNS · BSE: 543428
DATA PATTERNS INDIA LTD
Designs and manufactures defence electronics for the Indian armed forces, covering radar systems, avionics, electronic warfare (EW) suites, communication systems, strategic electronics and drone/counter-drone products. Customers include the Ministry of Defence, DRDO, the Indian Air Force, Hindustan Aeronautics Limited (HAL) and BrahMos. Q1 FY27 revenue was ₹116 cr, up 17% year-on-year, while FY26 revenue totalled ₹924.77 cr with an EBITDA margin of 40%. Materials made up 33.1% of FY26 revenue and employee costs 16.7%, the two largest cost lines. The FY26 capex intensity was 4.8% of revenue, and a ₹100+ cr capex plan is guided over the next two years for a 9-storey facility, clean rooms, radar production lines and AI/IT infrastructure. The company is net debt-free with ₹530 cr in cash, and the cash conversion cycle improved to 365 days from 428 days. The portfolio is also seeing export engagement from customers in the UK, US and Europe, and a recent ST Advanced acquisition adds radome/composites capability. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Radar systems, Avionics, Electronic warfare (EW) systems, Communication systems, Strategic electronics, Drone and counter-drone systems. Design-and-manufacture defence electronics with long order-to-conversion cycles and government contract dependence
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 311 | 453 | 520 | 708 | 925 |
| EBITDA (ex other income) | — | 172 | 222 | 275 | 371 |
| margin % | — | 37.9 | 42.6 | 38.8 | 40.1 |
| Owners' profit | — | 124 | 182 | 222 | 271 |
| EPS, as reported (₹) | 19.48 | 23.80 | 32.45 | 39.62 | 48.47 |
| ROE % · ROCE % | — · 22.9 | 10.6 · 13.2 | 13.7 · 18.7 | 14.7 · 19.7 | 15.6 · 21.0 |
| Debt / equity (x) | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 111 | (18) | 139 | (90) | 80 |
| Capex | — | (39) | (46) | (36) | (44) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 117 | 396 | 99 | 307 | 173 | 345 | 116 |
| Profit before tax | 40 | 59 | 153 | 34 | 66 | 75 | 188 | 29 |
| Net profit | 30 | 45 | 114 | 26 | 49 | 58 | 138 | 22 |
| EPS (₹) | 5.41 | 7.97 | 20.38 | 4.55 | 8.79 | 10.42 | 24.71 | 3.94 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDUSTAN AERONAUTICS LTD | 3,24,693 | 34.8 | 7.91 | 23.8 | 22.2 | 13.7 | 7.8 | 44.0 |
| BHARAT ELECTRONICS LTD | 2,68,964 | 43.8 | 11.20 | 31.0 | 25.3 | 31.9 | 14.4 | 28.1 |
| BHARAT DYNAMICS LIMITED | 36,876 | 70.8 | 8.70 | — | 9.9 | 7.2 | — | 32.6 |
| DATA PATTERNS INDIA LTD ◆ | 23,139 | 86.3 | 13.33 | — | 15.6 | 20.3 | — | 33.3 |
| GARDEN REACH SHIP&ENG LTD | 21,994 | 27.5 | 8.38 | — | 28.5 | 36.2 | — | 13.7 |
| APOLLO MICRO SYSTEMS LTD | 15,810 | 123.0 | 12.08 | 72.4 | 8.2 | 10.4 | 34.8 | 22.3 |
| ASTRA MICROWAVE LTD | 14,906 | 78.8 | 11.34 | 42.6 | 14.7 | 17.2 | 12.7 | 20.1 |
| AEQUS LIMITED | 14,647 | — | 9.86 | 93.0 | (7.6) | (3.8) | — | 5.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 86.3 | 70.8 | 16 of 23 | 32% |
| P/B | 13.3 | 9.9 | 20 of 23 | 14% |
| ROCE | 20.3 | 13.6 | 6 of 26 | 80% |
| ROE | 15.6 | 10.9 | 7 of 23 | 73% |
| Debt / Equity | 0.0 | 0.0 | 1 of 23 | 68% |
| EBITDA margin | 33.3 | 22.3 | 5 of 23 | 82% |
| Revenue growth | 16.8 | 24.9 | 13 of 23 | 46% |
| Profit growth | (13.5) | 14.9 | 14 of 21 | 35% |
| Market cap | 23139 | 6484 | 4 of 26 | 88% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine compliance: demat confirmation certificate for Jul-Sept 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1, 2026 until Q2/H1 FY27 results announcement | compliance | minimal | — | — |
| 9 Sept 2026 · Independent Director Vadlamani completes tenure, exits board | management changes | medium | — | — |
| 8 Sept 2026 · CRISIL upgrades outlook to Positive on Rs 775 Cr bank facilities | credit debt | high | — | — |
| 25 Aug 2026 · Data Patterns completes acquisition of ST Advanced Composites for Rs.10 Cr | strategic transactions | high | — | — |
| 21 Aug 2026 · Data Patterns bags Rs.586 Cr order from BEL for Radar Electronics | business updates | high | — | — |
| 13 Aug 2026 · Monitoring Agency Report on QIP Fund Use Filed for June 2026 Quarter | compliance | low | — | — |
| 7 Aug 2026 · Data Patterns Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 3 Aug 2026 · Data Patterns 28th AGM: all 9 resolutions passed, dividend approved | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Data Patterns 28th AGM held; 9 resolutions including dividend and director reappointments | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.