Data Patterns - Well Placed To Capture Huge Opportunity In Defence Electronics Space: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Data Patterns India Ltd. is a vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. The company has delivered revenue, profit after tax compound annual growth rate of 30.7%, 168%, respectively, in FY19-21. Key triggers for future price performance:Defence electronics provides a huge opportunity of ~Rs 1.5 lakh crore in the next four to five years led by armed forces’ requirement of advanced systems.Defence electronics makes up only 25-35% of the cost of platforms used by the Indian armed forces, which is expected to increase in future.At present over 60% of electronic components used are supplied by foreign original equipment manufacturers. As indigenisation efforts continue, future procurement will see a large portion of defence electronics sourced locally. Data Patterns has proven in-house design and development capabilities and experience of more than three decades in the defence and aerospace electronics space across all the platforms - space, air, land and sea..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Data Patterns - Well Placed To Capture Huge Opportunity In Defence Electronics Space: ICICI Direct

Data Patterns - Well Placed To Capture Huge Opportunity In Defence Electronics Space: ICICI Direct Initiates Coverage

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