AI-generated · cited to primary sources · not investment advice
Data Pattern (543428) Feb 2026 Filing Analysis
Does management do what it says?
H1 FY26 revenue grew by 109% year-on-year, significantly outpacing the full-year growth target of 20-25%. (1 exceeded, 1 missed, 2 met across 4 tracked commitments)
“Maintain Net debt free status”
Working capital days have improved from 428 days in March to 340 days internally as of December, meeting the target to maintain/improve levels. (1 met, 1 in progress across 2 tracked commitments)
“And as we have been mentioning in our earlier calls also, over next probably some three to five years' time, it will gradually come down to 270 to maybe 300 days. That is the working capital cycle that we are expecting in -- it is in line with our expectations only.”
Export momentum is building with an export order book of INR 63 crores and active engagement for complete system offerings in the UK and Europe. (1 in progress across 1 tracked commitment)
“Our export order book remains healthy at approximately INR63 crores... We continue to execute regular business in the UK. and expect export momentum to improve further as our complete system offerings mature.”
Management expects the AMCA contract to be placed within the next 3 to 6 months. — target: contract placement
“Regarding time lines, what ADA is saying is 3 to 6 months, the contract will get placed. We have to go by what they say.”
The company expects to start receiving production orders for Brahmos seekers starting in FY 2026-27. — target: production orders (+1 more commitment)
“So, seeker should start -- we can't put a time line. But what we hear is it should start by this year onwards, this calendar year, that is financial year '26-27, we should start getting production orders.”
See the full cited Management analysis of Data Pattern
How durable is the business?
The segment remains a key win area with large production and development orders received from ECIL and the Ministry of Defence, though specific revenue share for this exact quarter was not broken out separately from the 57% production total. (1 expanding)
“Key wins during the period include large production and development orders for electronic warfare suites from ECIL and the Ministry of Defence”
See the full cited Business Model analysis of Data Pattern
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