At a Glance
Data Patterns (India) Ltd, the vertically integrated defence and aerospace electronics player, is flying high on defence orders but also on valuation steroids. With an EPS of ₹39.6 and a stock price of ₹2,550, the P/E stands at 66x—making it pricier than a missile guidance system. Yes, it supplies to BrahMos, Tejas, and satellites, but is it worth paying 9.5x book value? The company has grown profits at 59% CAGR over 5 years—commendable—but debtor days of 307 and cash flows that resemble a roller coaster make things spicy.
Introduction
If defence is the new tech, Data Patterns is the “startup” that grew into a ₹14,279 Cr market cap beast. Unlike HAL or BEL, it doesn’t just assemble parts; it designs and manufactures in-house—the Apple of Indian defence electronics. But with great innovation comes great investor expectations. Is this a stealth bomber or a paper plane? Time to find out.
Business Model (WTF Do They Even Do?)
Data Patterns operates
