The aerospace and defence industry in India has been a sector of strategic importance, contributing significantly to the country’s technological advancement and self-reliance in defence capabilities. With the government’s push towards ‘Make in India’ and increased defence spending, the industry has seen a surge in growth, innovation, and investment opportunities.
Within this burgeoning industry, Data Patterns India stands out as a key player, specialising in defence and aerospace electronics solutions. The company has recently released its Q4 results for FY 2024.
This article thoroughly analyses Data Patterns India’s Q4 results, carefully examining its financial performance and the subsequent impact on share prices.
About Data Patterns India Ltd
Data Patterns India emerges as a prominent force within the defence and aerospace electronics landscape, offering an array of solutions tailored for the homegrown defence product market. The company’s inception was driven by the ambition to bolster India’s self-sufficiency in defence capabilities, and it has since established a distinct presence through its dedication to pioneering innovation, exceptional quality, and unwavering reliability.
The breadth of the company’s proficiency is evident in its diverse range of electronic systems, pivotal for defence and aerospace operations. Boasting over two decades of industry presence,
Data Patterns India has earned acclaim for its dependable, high-quality products that satisfy the rigorous standards of the sector. Its product suite is comprehensive, including advanced radars, sophisticated avionics, maritime systems, and components for space exploration.
A cornerstone of Data Patterns India’s success is its integrated approach, which grants it complete oversight of the design, development, and production stages. This holistic model guarantees that its products not only meet the highest quality benchmarks but are also customised to meet client specifications.
The company’s state-of-the-art manufacturing capabilities enable it to undertake intricate projects and deliver them promptly, reflecting its strong operational excellence.
The market capitalisation of Data Patterns India Ltd is ₹16,067.40 crore, as of May 29, 2024.
Data Patterns Q4 and FY24 result highlights
Let’s look at a few of the key highlights revealed in the quarterly results of the company:
- Data Patterns India’s net profit was ₹71 crores, marking a 39.22% increase from the previous quarter, while the revenue reached ₹182 crores, up by 30.00%.
- FY24 saw the company’s net profit at ₹182 crores, a 46.77% rise year-over-year, and revenue at ₹520 crores, reflecting a 14.79% growth from FY23.
- The company reported significant growth with EBITDA up by 29% and PAT increased by 47% in FY 2023-24.
- The company has recommended a final dividend of ₹6.50 for each share, which is contingent upon the endorsement of the shareholders at the forthcoming Annual General Meeting.
- As of March 31, 2024, the company’s order book stood at ₹10,831 million, and it has developed over 1000 reusable building blocks to enhance its operational efficiency.
Must read: EBITDA explained: Definition, calculation, significance, and more
Data Patterns India Ltd’s quarterly performance
Here are the key financial metrics reflecting the company’s quarterly performance in relation to the previous quarter:
| Q4 FY24(₹ crores) | Q3 FY24(₹ crores) | Change(%) | |
| Revenue | 182 | 140 | 30.00 |
| Operating profit | 93 | 60 | 55.00 |
| Profit before tax | 95 | 66 | 43.94 |
| Net profit | 71 | 51 | 39.22 |
| EPS | 12.70 | 9.10 | 39.56 |
Data Patterns India Ltd’s annual performance
Here are the key financial indicators of the company as compared to the preceding year:
| FY2024(₹ crores) | FY2023(₹ crores) | Change(%) | |
| Revenue | 520 | 453 | 14.79 |
| Operating profit | 222 | 172 | 29.07 |
| Profit before tax | 242 | 165 | 46.67 |
| Net profit | 182 | 124 | 46.77 |
| EPS | 32.45 | 22.15 | 46.50 |
Also read: Talbros Automotive Components Q4 FY24 results: A stock worth considering?
Market reaction – Data Patterns news
Data Patterns India announced the financial outcomes for the fourth quarter on the 23rd of May, 2024. Let’s take a look at how the Data Patterns India Limited share price reacted to it.
On May 23, 2024, Data Patterns shares opened at ₹3,081.05 and hit a low of ₹3,030.40. Post the event, the Data Patterns share price started trading at a downtrend with the share price closing at ₹2,868.40 on May 29, 2024.
When looking at the last 5 years’ share history of Data Patterns India Ltd, the stock has given a return of 280.13%.
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Peer analysis
Let’s compare the key financial ratios of Data Patterns India Ltd with that of its competitors:
| Company | CMP (₹) | Market cap(₹ crores) | P/E | Earnings Yield (%) |
| Data Patterns India Ltd | 2,870 | 16,067 | 88.5 | 1.63 |
| Hindustan Aeronautics Ltd | 5,051 | 3,37,902 | 44.5 | 3.28 |
| Bharat Electronics Ltd | 292 | 2,13,519 | 53.6 | 2.60 |
| Azad Engineering Ltd | 1,420 | 8,395 | 143 | 1.53 |
| MTAR Technologies Ltd | 1,839 | 5,659 | 101 | 1.65 |
| Apollo Micro Systems Ltd | 106 | 3,010 | 95.0 | 2.36 |
Bottomline
Data Patterns India Ltd’s strong financial performance, strategic order book, and commitment to innovation underpin its critical role in India’s defence and aerospace electronics industry.
While the immediate market reaction to its Q4 results was cautious, the company’s long-term growth potential remains promising, supported by robust fundamentals and a favourable industry backdrop.
Investors and stakeholders will likely continue to monitor how Data Patterns leverages its capabilities to maintain its growth momentum and deliver value in the dynamic aerospace and defence landscape.
