Axiscades Technologies Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Technology Services & Solutions: 70.6% • Strategic technology solutions: 29.4%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.29x)
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 57.6% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 6.1% over last 3 years
- Promoter holding has decreased over last 2 years: -2.2pp
- Equity base is being diluted - shares outstanding up 12.1%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HAL | 4955.00 | 35.55 | 331378.01 | 0.91 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| BEL | 403.00 | 47.93 | 294584.09 | 0.62 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| BDL | 1191.00 | 83.83 | 43657.59 | 0.41 | 118.79 | 547.36 | 572.24 | 147.63 | 13.91 | 14.52 |
| DATAPATTNS | 4774.10 | 3475.01 | 26727.31 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| ASTRAMICRO | 1694.95 | 85.13 | 16092.70 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 20.29 | 20.40 |
| ZENTEC | 1749.35 | 87.67 | 15795.39 | 0.06 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| AEQUS | 230.10 | 309.89 | 15432.02 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| APOLLO | 412.90 | 126.47 | 15343.34 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.52 | 21.38 |
| PARAS | 1451.10 | 123.81 | 11694.03 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| UNIMECH | 1570.20 | 110.97 | 7992.63 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| AXISCADES | 1868.35 | 218.70 | 7946.74 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
| CENTUM | 4212.10 | 125.31 | 6217.91 | 0.12 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 214 | 251 | 231 | 256 | 224 | 265 | 275 | 268 | 244 | 299 | 343 | 273 | 183 | |
| 181 | 216 | 202 | 223 | 192 | 231 | 234 | 231 | 210 | 252 | 280 | 239 | 192 | |
| Operating Profit | 33 | 36 | 29 | 32 | 31 | 33 | 40 | 37 | 34 | 47 | 63 | 34 | -9 |
| OPM % | 15.43% | 14.24% | 12.63% | 12.70% | 14.00% | 12.58% | 14.72% | 13.98% | 13.98% | 15.75% | 18.28% | 12.31% | -4.87% |
| 2 | 1 | 2 | 0 | 10 | 4 | 1 | 2 | 11 | 6 | -6 | 1 | 3 | |
| Interest | 20 | 12 | 12 | 13 | 8 | 9 | 7 | 8 | 7 | 7 | 7 | 10 | 9 |
| Depreciation | 7 | 9 | 8 | 10 | 9 | 10 | 11 | 10 | 9 | 10 | 11 | 14 | 9 |
| Profit before Tax | 8 | 18 | 11 | 16 | 24 | 19 | 23 | 21 | 28 | 36 | 39 | 11 | -6 |
| Tax % | 32.67% | 36.50% | 31.64% | 43.53% | 30.72% | 34.67% | 36.17% | -47.04% | 25.45% | 36.20% | 28.78% | 94.56% | -9.41% |
| Net Profit | 0 | 0 | 0 | 0 | 17 | 12 | 15 | 31 | 21 | 23 | 28 | 0 | -15 |
| 1.47 | 2.89 | 1.93 | 2.11 | 4.07 | 2.93 | 3.50 | 7.24 | 4.88 | 5.42 | 6.52 | 0.10 | -3.49 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 375 | 487 | 519 | 608 | 673 | 524 | 610 | 822 | 955 | 1,031 | 1,099 | |
| 322 | 448 | 501 | 594 | 580 | 459 | 538 | 675 | 826 | 887 | 964 | |
| Operating Profit | 54 | 39 | 18 | 14 | 93 | 65 | 72 | 146 | 129 | 144 | 135 |
| OPM % | 14.30% | 8.05% | 3.54% | 2.25% | 13.87% | 12.46% | 11.77% | 17.83% | 13.50% | 13.94% | 12.24% |
| 3 | 15 | 12 | 24 | 8 | -26 | 7 | -62 | 16 | 17 | 4 | |
| Interest | 2 | 13 | 14 | 25 | 30 | 24 | 17 | 37 | 58 | 34 | 33 |
| Depreciation | 10 | 12 | 19 | 20 | 33 | 26 | 25 | 27 | 34 | 40 | 44 |
| Profit before Tax | 45 | 29 | -3 | -8 | 38 | -10 | 37 | 21 | 53 | 88 | 79 |
| Tax % | 35.22% | 49.54% | -180.58% | 8.56% | 21.08% | -104.30% | 38.31% | 122.82% | 36.99% | 13.98% | 44.12% |
| Net Profit | 29 | 15 | -8 | -8 | 30 | -21 | 23 | -5 | 33 | 75 | 44 |
| EPS | 10.51 | 3.74 | -2.18 | -2.15 | 7.69 | -5.74 | 5.76 | -1.37 | 7.82 | 17.63 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 9%
- 3 Years:
- 19%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 20%
- 3 Years:
- 50%
STOCK PRICE CAGR
- 10 Years:
- 24%
- 5 Years:
- 91%
- 3 Years:
- 50%
- 1 Year:
- 20%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 4%
- 3 Years:
- 6%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 21 | 21 |
| Minority Interest | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 6 | 6 | 7 |
| 144 | 283 | 273 | 266 | 294 | 277 | 303 | 305 | 546 | 627 | |
| 28 | 83 | 242 | 249 | 225 | 119 | 39 | 331 | 314 | 242 | |
| Trade Payables | 18 | 28 | 50 | 35 | 50 | 51 | 70 | 75 | 64 | 58 |
| 34 | 87 | 154 | 173 | 236 | 244 | 331 | 149 | 166 | 139 | |
| Total Liabilities | 241 | 501 | 741 | 745 | 828 | 714 | 766 | 885 | 1,118 | 1,095 |
| 48 | 159 | 344 | 339 | 355 | 288 | 286 | 312 | 414 | 398 | |
| Capital Work in Progress | 0 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 6 | 30 | 34 | 50 | 19 | 33 | 37 | 60 | |
| 0 | 2 | 30 | 20 | 20 | 23 | 52 | 66 | 69 | 61 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 234 | 302 | |
| Cash & Bank | 34 | 72 | 62 | 58 | 70 | 85 | 105 | 100 | 153 | 89 |
| 160 | 262 | 299 | 298 | 350 | 268 | 304 | 373 | 211 | 185 | |
| Total Assets | 241 | 501 | 741 | 745 | 828 | 714 | 766 | 885 | 1,118 | 1,095 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 32 | -29 | 49 | 80 | 121 | 44 | 83 | 79 | 88 | |
| Cash from Investing | -21 | 1 | -44 | -13 | -3 | -22 | 30 | -201 | -163 | 9 |
| Cash from Financing | -1 | 2 | 47 | -7 | -48 | -93 | -42 | 133 | 64 | -100 |
| 9 | 12 | -34 | 17 | 14 | 7 | 18 | 3 | -20 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - AXISCADES Technologies Limited has informed the Exchange about Schedule of meet
2026-09-11 - AXISCADES Technologies Limited has informed the Exchange about Execution of Transaction Documents and completion of the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited by AXISCADES Technologies Limited.
2026-09-09 - AXISCADES Technologies Limited has informed the Exchange about Dispatch of letter to shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depository Participants.
2026-09-06 - AXISCADES Technologies Limited has informed the Exchange about Copy of Newspaper Publication titled - "Notice of 36th AGM and e-Voting information"
2026-09-05 - AXISCADES Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-05 - AXISCADES Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on September 05, 2026.
2026-09-03 - AXISCADES Technologies Limited has informed the Exchange about Schedule of meet
2026-08-30 - AXISCADES Technologies Limited has informed the Exchange regarding a press release dated August 30, 2026, titled "AXISCADES Technologies to Acquire Cloud Wave Technologies, Accelerating Entry into Aerospace Manufacturing".
2026-08-28 - AXISCADES Technologies Limited has informed the Exchange about Acquisition
News
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