Data Patterns wins Rs 585.76 crore BEL order in 2026

Key development: confirmed BEL work order

Data Patterns has won a confirmed work order worth Rs 585.76 crore from Bharat Electronics Limited (BEL) for the supply of radar electronics. The company disclosed the order on August 21, 2026. Data Patterns said the execution timeline will be as per the contract terms. The disclosure is notable because the same note flags an absence of other disclosed wins in the recent past.

This order also comes at a time when investors are closely tracking the pace of contract finalisation across India’s defence electronics supply chain. For Data Patterns, which operates across radars, electronic warfare suites and programmes linked to platforms such as Tejas, Light Utility Helicopter and BrahMos, BEL is already a key ecosystem participant. The latest contract adds immediate visibility on a large, identified program, even as the timing of revenue recognition remains tied to delivery milestones.

What the order covers and why it matters

The contract is for radar electronics supply to BEL. While the company has not provided a detailed break-up of deliverables in the text provided, the work order is described as “confirmed” and has a clearly stated value of Rs 585.76 crore. That confirmation helps differentiate it from negotiated or pipeline opportunities, which can take time to convert into final purchase orders.

The same context highlights that the book-to-bill ratio cannot be computed from the trailing twelve-month revenue in the provided TTM P&L snapshot because it shows Rs 0.0 crore. Separately, historical annual revenue figures are cited as having grown from Rs 100.90 crore in FY15 to Rs 113.70 crore in FY18, representing a YoY growth of +2.1% based on the latest annual data referenced.

Client concentration flagged in the disclosure

The write-up also notes that this single BEL order accounts for 100% of the currently disclosed order book in the “current window,” highlighting high dependency on one client for disclosed wins. In practical terms, that means the near-term narrative is heavily influenced by a single programme’s execution schedule, acceptance, and billing.

For investors, this makes the “as per contract” timeline an important monitoring point. The key operational question is when revenue from the Rs 585.76 crore order begins to flow into quarterly results, and how smoothly the order moves from production and deliveries to invoicing.

Stock snapshot and listed peer-style metrics

Market data included alongside the disclosure shows Data Patterns (NSE: DATAPATTNS, BSE: 543428) in the Aerospace and Defense sector. The snapshot lists a price of 4805.00, up 29.80 (0.62%) on BSE at 11:06 AM. The same feed also shows ₹4918.05 as “Today’s Low.”

A separate metrics table lists Data Patterns with CMP Rs 4760.25, P/E 98.55, market cap Rs 26,649.73 crore, dividend yield 0.21%, quarterly net profit Rs 22.06 crore, quarterly profit variation -13.49%, quarterly sales Rs 116.03 crore, quarterly sales variation 16.81%, and ROCE 21.92%.

Order book: multiple reported snapshots, and negotiated-order delays

Different order book numbers appear across the provided material, reflecting different reporting dates and definitions. One section states the company’s order book stands at Rs 2,654 crore including negotiated orders, and that management remains confident of securing Rs 2,000 crore of fresh orders during FY27.

However, it also states that conversion of negotiated orders worth Rs 1,726 crore into final contracts has been delayed. One large program reportedly took an additional six months and required a further two-month extension. Chairman and Managing Director Srinivasagopalan Rangarajan attributed the delay to protracted program approvals and negotiations, especially for a large program stretched for over 1.5 years, and said he expects conversion within the next three months, with some potentially converting within weeks.

Another set of figures states Data Patterns secured orders worth Rs 1,121 crore during FY25-26, up 216% year-on-year. It adds that the order book as of March 31, 2026 stood at Rs 926.48 crore, and that including negotiated orders yet to be received, the total order book position was approximately Rs 2,061.79 crore. The same section mentions orders worth Rs 46.78 crore received in Q1 FY26-27 so far, an additional pipeline of approximately Rs 1,900 crore, and an export order book of approximately Rs 53 crore.

Recent financial performance: revenue and profit signals

The material notes Data Patterns India shares declined after the company reported a 14% year-on-year drop in Q1 FY27 net profit to Rs 22 crore. It also provides Q1 FY26 results: total revenue of Rs 110 crore versus Rs 116 crore in Q1 FY25 (down 5.6%), revenue from operations of Rs 99.33 crore versus Rs 104.1 crore (down 4.6%), and PAT of Rs 25.5 crore versus Rs 32.8 crore.

Annual performance figures are also listed: FY25 total revenue increased 33% to Rs 755 crore from Rs 566 crore in FY24, and revenue from operations rose 36% to Rs 708 crore from Rs 520 crore. Another quarterly comparison provided for Q1 FY25 states total revenue rose to Rs 116 crore from Rs 101 crore in the prior-year comparable quarter, revenue from operations increased to Rs 104 crore from Rs 90 crore, and PAT increased to Rs 33 crore from Rs 26 crore.

BrahMos-linked inflows and product pipeline

The provided notes describe robust inflows linked to the BrahMos programme in FY26. It lists a production order worth Rs 46 crore (converted from Rs 460 million) in Q2 FY26, and service or AMC orders totalling Rs 105 crore (converted from Rs 1,050 million) in H1 FY26. Combined BrahMos-related inflows for H1 FY26 are stated as Rs 151 crore (converted from Rs 1,510 million).

The same set of notes says Data Patterns is poised to see a new growth avenue with the BrahMos Seeker, with trial contract negotiations completed and product development in an advanced stage.

Shareholding signals: promoters steady, ADIA listed

Shareholding data included in the text shows promoter holding at 42.41% across Jun 2025, Sep 2025, Dec 2025, Mar 2026, and Jun 2026. It also lists Abu Dhabi Investment Authority with a holding value of Rs 350.062509 crore as of June 2026, while the Government of Singapore is shown with a holding value of Rs 0 crore.

Key numbers at a glance

What investors will monitor next

Two watch-points stand out from the provided information. First is execution and revenue recognition from the Rs 585.76 crore BEL radar electronics order, since the timeline is “as per contract” and the market will likely look for conversion into quarterly revenue. Second is the pace at which negotiated orders convert into final contracts, given management’s stated expectation of conversions within the next three months and the reported delays of a large program.

Any subsequent disclosures around milestone completions, delivery schedules, and additions to the confirmed order book will shape how quickly the headline order translates into reported performance. The company has also flagged confidence in winning Rs 2,000 crore of fresh orders in FY27, which sets a clear benchmark for upcoming updates.