Axiscades Technologies Ltd.

•

axiscades.comBSE: 532395NSE: AXISCADES

Market Cap₹ 7,788 Cr.

Current Price

High / Low₹ 2,211 / 1,063

Stock P/E214.3

Book Value₹ 169

Price to Book5.82

Dividend Yield0.00 %

ROCE14.6 %

ROE12.4 %

Face Value₹ 5

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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 GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

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

Capital GoodsCapital GoodsAerospace & Defense

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	HAL	4898.75	35.15	327616.15	0.92	1589.66	14.88	5515.17	14.45	31.99	27.89
2.	BEL	405.50	48.23	296411.53	0.62	1054.53	8.82	5546.98	24.94	36.68	25.22
3.	BDL	1190.50	83.80	43639.27	0.41	118.79	547.36	572.24	147.63	13.91	14.52
4.	DATAPATTNS	4832.90	3517.81	27056.49	0.21	220.60	765.10	1160.30	1068.13	23.18	27.04
5.	ASTRAMICRO	1677.95	84.27	15931.30	0.14	12.35	-24.12	176.66	-11.55	20.29	20.40
6.	APOLLO	421.95	129.24	15679.64	0.06	252.16	1325.84	2512.93	1781.17	14.52	21.38
7.	ZENTEC	1722.85	86.35	15556.12	0.06	31.85	-39.99	141.64	-10.48	16.83	27.13
8.	AEQUS	226.05	304.43	15160.40	0.00	-532.28	-6067.26	3955.45	1486.69	1.50	4.47
9.	PARAS	1433.00	122.27	11548.16	0.07	20.74	45.34	127.91	37.26	18.68	24.95
10.	UNIMECH	1609.30	113.74	8191.66	0.00	27.86	45.70	107.62	70.85	12.10	36.35
11.	AXISCADES	1831.10	214.34	7788.31	0.00	-14.76	-170.76	183.35	-24.77	14.56	4.73
12.	CENTUM	4210.75	125.27	6215.92	0.12	10.55	135.70	204.15	-22.53	26.02	11.54

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.27	59.86	59.56	59.49	58.20	58.08	58.05	58.05	58.03
	0.34	0.40	0.51	0.69	1.62	2.17	1.45	1.16	1.45
	4.54	4.08	3.82	2.03	1.34	1.16	0.94	1.63	1.96
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.84	35.66	36.10	37.80	38.85	38.58	39.56	39.16	38.55

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - AXISCADES Technologies Limited has informed the Exchange about Schedule of meet

2026-09-11

Acquisition

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

General Updates

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

Copy of Newspaper Publication

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

Shareholders meeting

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

Outcome of Board Meeting

2026-09-05 - AXISCADES Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on September 05, 2026.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - AXISCADES Technologies Limited has informed the Exchange about Schedule of meet

2026-08-30

Press Release

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

Acquisition

2026-08-28 - AXISCADES Technologies Limited has informed the Exchange about Acquisition

News

Recent coverage and analyst commentary for AXISCADES

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Axiscades Technologies Ltd.

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Name

HAL

4898.75

35.15

327616.15

0.92

1589.66

14.88

5515.17

14.45

31.99

27.89

BEL

405.50

48.23

296411.53

0.62

1054.53

8.82

5546.98

24.94

36.68

25.22

BDL

1190.50

83.80

43639.27

0.41

118.79

547.36

572.24

147.63

13.91

14.52

DATAPATTNS

4832.90

3517.81

27056.49

0.21

220.60

765.10

1160.30

1068.13

23.18

27.04

ASTRAMICRO

1677.95

84.27

15931.30

0.14

12.35

-24.12

176.66

-11.55

20.29

20.40

APOLLO

421.95

129.24

15679.64

0.06

252.16

1325.84

2512.93

1781.17

14.52

21.38

ZENTEC

1722.85

86.35

15556.12

0.06

31.85

-39.99

141.64

-10.48

16.83

27.13

AEQUS

226.05

304.43

15160.40

0.00

-532.28

-6067.26

3955.45

1486.69

1.50

4.47

PARAS

1433.00

122.27

11548.16

0.07

20.74

45.34

127.91

37.26

18.68

24.95

UNIMECH

1609.30

113.74

8191.66

0.00

27.86

45.70

107.62

70.85

12.10

36.35

AXISCADES

1831.10

214.34

7788.31

0.00

-14.76

-170.76

183.35

-24.77

14.56

4.73

CENTUM

4210.75

125.27

6215.92

0.12

10.55

135.70

204.15

-22.53

26.02

11.54

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

-9

OPM %

15.43%

14.24%

12.63%

12.70%

14.00%

12.58%

14.72%

13.98%

15.75%

18.28%

12.31%

-4.87%

-6

Interest

Depreciation

Profit before Tax

-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

-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

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

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%

-26

-62

Interest

Depreciation

Profit before Tax

-3

-8

-10

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

-8

-21

-5

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%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

144

283

273

266

294

277

303

305

546

627

242

249

225

119

331

314

242

Trade Payables

154

173

236

244

331

149

166

139

Total Liabilities

241

501

741

745

828

714

766

885

1,118

1,095

159

344

339

355

288

286

312

414

398

Capital Work in Progress

234

302

Cash & Bank

105

100

153

160

262

299

298

350

268

304

373

211

185

Total Assets

241

501

741

745

828

714

766

885

1,118

1,095

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-29

121

Cash from Investing

-21

-44

-13

-3

-22

-201

-163

Cash from Financing

-1

-7

-48

-93

-42

133

-100

-34

-20

-3

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.27

59.86

59.56

59.49

58.20

58.08

58.05

58.03

0.34

0.40

0.51

0.69

1.62

2.17

1.45

1.16

1.45

4.54

4.08

3.82

2.03

1.34

1.16

0.94

1.63

1.96

Government

0.00

34.84

35.66

36.10

37.80

38.85

38.58

39.56

39.16

38.55

Axiscades Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Axiscades Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI