Nirmal Bang has maintained its ‘Buy’ rating on Data Patterns with a target price of ₹2,997, citing strong fundamentals and a robust growth outlook. Vijay Ananth K, the Whole Time Director, COO, and Chief Information Security Officer, is expected to lead the company’s growth trajectory. Analysts appreciate Data Patterns’ strong in-house R&D capabilities and deep domain knowledge in radars and electronic warfare systems, positioning it as a key player in the defense space.
The company’s order book is projected to grow at a CAGR of 19% between FY25E and FY27E, driven by steady demand and operational excellence. Moreover, efficient execution continues to improve operating leverage, strengthening profitability. Data Patterns remains confident of maintaining operating margins in the 35-40% range over the next 2-3 years, signaling a stable outlook. The consistent order inflow, combined with its niche expertise, makes the stock attractive for long-term growth.
