Data Patterns India gets order to build radar signal processor from Defence Ministry

“The project will enable deployment of multiple target system for test and evaluation of multiple short range aerial weapon systems. It serves as the basic building block for larger radar systems,” the Ministry of Defence said in a statement.

The Ministry of Defence did not specify the size of the order. Data Patterns India is yet to update stock exchanges about the development.

Data Patterns listed on the Indian bourses in December 2021 at ₹856 against an issue price of ₹585. Since then, the stock has soared close to ₹3,400.

The excitement in the counter stems from its rapid growth – its revenue has jumped from ₹156 crore in fiscal year 2020 to ₹519 crore in 2024. During the same period, its net profit has climbed nearly ninefold from ₹21 crore to ₹181 crore.

Data Patterns is a vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry.

The company’s revenue book has changed over the past four years, with development now contributing 51% of its annual revenues compared in FY24 compared to 6% four years ago. Production accounts for about 45% of revenues while services accounts for the remaining 4%.

The company notes in its annual report that developmental contracts translate to strong production revenues.

Defence stocks have been the toast of the stock market for the past few years, egged on by a ramp-up in defence spending over the past few years.

In other stocks, Paras Defence, Bharat Dynamics and Taneja Aerospace have all risen close to or more than 100% over the past year.