Digilogic lands ₹4.08 cr MoD order for satellite test gear
The Ministry of Defence purchase order is worth about 5.2% of FY26 revenue, following a ₹1.60 cr defence order in June.
— 4 earlier stories on Digilogic Systems Ltd. →What's new
- Digilogic won a ₹4.08 cr domestic order from the Ministry of Defence for a satellite checkout assembly.
- The system will be used for test and evaluation of spaceborne electric sub-systems, with delivery by March 2027.
- This follows a ₹1.60 cr defence order announced in June for a static test jig.
Why this matters
For a nano-cap with ₹78 cr in FY26 revenue, a single order crossing 5% of revenue is material. The MoD as a customer adds credibility, and the space-test equipment segment suggests Digilogic is deepening its niche in defence-electronics test solutions.
What we're watching
- Whether the company can deliver the system on time by March 2027 without supply chain issues.
- Order flow consistency: two defence orders in six weeks hints at sustained demand for its test jigs.
- Any further MoD contracts that could lift the order book above the previous ₹22 cr spillover level.
The full read
Digilogic Systems has won a ₹4.08 cr purchase order from the Ministry of Defence for a satellite front-end checkout and monitoring assembly. That is 5.23% of FY26 revenue — a material number for a nano-cap. The order is the second defence contract in six weeks, following a ₹1.60 cr PSU order announced in June. The company is coming off a disappointing FY26, where it grew just 8.4% against a 25% guidance, partly due to hardware delays that pushed ₹22 cr of revenue into FY27. Management has guided 25-30% growth this year. Two new orders from the government and a defence PSU in rapid succession suggest the pipeline is real. The test is whether Digilogic can execute on delivery timelines and convert the order book into revenue.
Questions answered
- How big is this order relative to Digilogic's revenue?
- It is worth approximately 5.23% of the company's FY26 revenue of ~₹78 crores, making it a material contract under the binding materiality rule for nano-caps.
- What is the delivery timeline?
- The system must be delivered by March 2027. The order is under the ordinary course of business.
- Was this order expected or previously announced?
- No prior disclosure indicated this specific contract. The filing is novel and was not pre-announced by the company.
- How does this compare to Digilogic's recent defence order activity?
- In June 2026, Digilogic announced a ₹1.60 crore defence order from a defence PSU for a static test jig. This ₹4.08 crore MoD order marks a larger contract in quick succession.
- What does this order say about Digilogic's growth trajectory?
- After missing its FY26 growth guidance (8.4% vs 25% guided), the company guided 25-30% growth for FY27 relying partly on ₹22 cr of revenue spillovers. These back-to-back defence orders could help close the gap to that target.
Digilogic Systems Ltd.
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All notes on DIGILOGIC →- 14 Jul 2026 · 8:47 PM IST Digilogic lands ₹4.08 cr MoD order for satellite test gear
- 20d ago Digilogic wins ₹1.60 cr defence PSU order for static test jig
- 39d ago Digilogic guides 25-30% FY27 growth after supply delays cost it ₹22 cr last year
- 43d ago Digilogic missed its own FY26 guidance. Now it's promising 25-30% growth.
- 45d ago Digilogic's first results since listing show a back-loaded year