LiveNSE delayed · 128/128 · 20 Aug 2026, 10:00 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
DATAPATTNS · Defence · Mid Cap · Live 20 Aug 2026, 10:00 am · Discovery

Data Patterns (India) Ltd

Design-led defence electronics house with radar, avionics and electronic-warfare IP. Lumpy order book, high ROCE, genuine strategic TAM.

10X Low
Moderate Risk
Attractive Entry
Emerging Multibagger
Sector Leader
Compounder
Multibagger score
74.8/100
Market cap
₹27,419 Cr
Last price · live
₹4,891.0
+116.80 (+2.45%)
52W
₹2,131–₹4,956

Implied P/E 140.8x · DATAPATTNS.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.4x
Bull multiple
5.3x
Classification
Potential 5X Candidate

Bull case can quintuple if the industry runway and margins hold. Not a prediction.

Final investment scorecard

Multibagger74.8 / 100
10X potentiallow
Business quality6.2 / 10
Growth runway9.2 / 10
Competitive advantage8.4 / 10
Management6.5 / 10
Balance sheet7.2 / 10
Valuation2.5 / 10
Technical setup8.2 / 10
Riskmoderate

Why it could become a multibagger

  • True design IP in a sector India is structurally forced to localise.
  • Net cash, high ROCE, no pledge — the quality bar most defence small caps fail.
  • Production orders, if they land, have operating leverage the development years hid.
  • Still small enough that a few large platforms change the earnings power dramatically.

What needs to go right

  • Development contracts convert to multi-year production
  • Radar / EW programs stay on the current vendor
  • Working capital does not balloon with scale

What could destroy the thesis

  • A lost flagship radar program
  • Budget slippage that freezes production orders for two years
  • A key technical talent exit

What would make me sell

  • Loss of a top-three development program
  • Order book covering <18 months of revenue
  • Promoter selling or a related-party manufacturing shift

Key metrics to monitor

Order book
Production vs development mix
Receivables days
Gross margin
ROCE
Net cash
Top-program concentration
Employee cost / sales

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.