IIFL Securities Ltd
JM Financial Consultants Private Limited
Data Patterns (India) Limited (“Data Patterns”) was incorporated on November 11, 1998. The company is among the few vertically integrated defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. With net profitability growth of approximately 164% between Fiscal 2020 and Fiscal 2021, they are one of the fastest growing companies in the Defense and Aerospace. Their offerings cater to the entire spectrum of defense and aerospace platforms – space, air, land and sea. Electronics sector in India. The company’s manufacturing facility consists of a 100,000 square feet factory built on 5.75 acres of land in Chennai, which has facilities for design, manufacturing, qualification, and life cycle support of high-reliability electronic systems used in defense and aerospace applications. The company is also planning to acquire an additional 2.81 acres of adjacent land for further expansion. As of July 31, 2021, Data Patterns had 760 employees with more than 450 qualified engineers. Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan are the company promoters.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||55.57||21.05||7.70|
Based on the financial data, the prima facie issue is fully priced. It holds promises for better performance and earnings going forward with added capacities and a strong client list. Cash surplus investors may consider investment for the medium to long term rewards. Listing in (Trade to Trade group) will restrict speculative moves for initial periods.