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AXISCADES Technologies

AXISCADES NSE
₹1,910.40 No trade today
P/E
223.44
View as Markdown
MCP
Close 4 Nov 2026 ₹1,910.40 +436.10 +29.6% 1Y
Start ₹1,474.30

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
15.40%
Debt to Equity
0.53
EPS (TTM)
₹8.55
Book Value
₹170.11
Market Cap
—
P/E (TTM)
223.44
P/B
11.23
ROE
11.50%
Dividend Yield
0.00%
EBITDA
₹200 Cr
52W High
₹2,360.00
52W Low
₹1,063.30
Volume
0

Peer Comparison

Industrials › Information Technology › IT Enabled Services › Aerospace & Defense

AXISCADES Technologies peer comparison
Hindustan Aeronautics
₹5,079.1036.44₹3,35,230 Cr8.280.91%24.00%32.00%₹33,785 Cr₹9,322 Cr
Bharat Electronics
₹398.0045.49₹2,84,935 Cr11.080.66%27.40%36.40%₹30,253 Cr₹6,401 Cr
Bharat Dynamics
₹1,075.0075.65₹37,987 Cr9.290.48%10.20%13.90%₹2,766 Cr₹521 Cr
Garden Reach Shipbuilders
₹2,143.4030.66₹24,395 Cr9.350.92%31.60%42.80%₹7,507 Cr₹801 Cr
Data Patterns
₹4,078.0085.21₹22,179 Cr13.150.25%15.20%21.90%₹941 Cr₹267 Cr
Sigma Advanced System
₹938.70103.38₹17,375 Cr18.900.00%−4.03%11.70%₹861 Cr₹166 Cr
Aequs
₹219.59—₹14,236 Cr10.570.00%−9.96%1.69%₹1,370 Cr−₹171 Cr
AXISCADES Technologies (this company)
₹1,910.40223.44₹7,913 Cr11.230.00%11.50%15.40%₹934 Cr₹36 Cr
Median 8 companies₹1,492.7075.65₹23,287 Cr10.830.37%13.35%18.65%₹2,068 Cr₹394 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

30 Poor

Data confidence 100/100

Category scores

Quality
17
Poor
Returns, margins, earnings quality 22% weight
Valuation
12
Poor
Cheap vs sector & own history 24% weight
Growth
25
Poor
Sales & profit trajectory 9% weight
Financial Health
32
Poor
Solvency, leverage, coverage 9% weight
Momentum
40
Weak
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.5% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 12.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.8% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.71%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish766
OscillatorsBearish261
Moving AveragesNeutral505

Key readings

RSI (14)
46.35
Neutral
MACD (12,26,9)
−19.11
Bearish
SMA (50)
1,906.06
Bullish
SMA (200)
1,690.39
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.95%
5Y+17.21%
3Y+12.13%
1Y+12.42%
TTM+3.55%

Net profit

Net profit growth by window
10Y+9.52%
5YTurned to profit
3YTurned to profit
1Y−4.00%
TTM−55.00%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.96 pp
5Y+2.96 pp
3Y−2.40 pp
1Y+1.39 pp
TTM−0.23 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹487 Cr
Mar 2018₹519 Cr
Mar 2019₹608 Cr
Mar 2020₹673 Cr
Mar 2021₹524 Cr
Mar 2022₹610 Cr
Mar 2023₹822 Cr
Mar 2024₹955 Cr
Mar 2025₹1,031 Cr
Mar 2026₹1,159 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹15.00 Cr
Mar 2018−₹8.00 Cr
Mar 2019−₹8.00 Cr
Mar 2020₹30.00 Cr
Mar 2021−₹21.00 Cr
Mar 2022₹23.00 Cr
Mar 2023−₹5.00 Cr
Mar 2024₹33.00 Cr
Mar 2025₹75.00 Cr
Mar 2026₹72.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

AXISCADES Technologies trades at a market cap of ₹7,017 Cr with a PE of 97.5x and PB of 9.65x, reflecting premium valuations relative to its 11% ROE and 12% TTM sales growth. The company has shown strong profit CAGR of 21% over 5 years but pays no dividend despite consistent profitability, while promoter holding has declined by 8.13% over three years.

Bull Case 7
  • Strong 5-year compounded profit growth of 21% CAGR indicates improving earnings trajectory
  • 5-year stock CAGR of 80% reflects sustained market re-rating and investor interest
  • TTM revenue growth of 12% demonstrates continued business momentum
  • 3-year compounded profit growth of 64% shows acceleration in earnings in recent years
  • ROE improved to 11% last year from a 10-year average of 6%, indicating better capital efficiency
  • 5-year compounded sales growth of 17% is above the 10-year average of 12%, showing improving revenue scale
  • 1-year stock CAGR of 15% indicates continued positive price momentum even on a higher base
Bear Case 8
  • PE ratio of 97.5x is extremely elevated, demanding very high future growth to justify current valuation
  • PB ratio of 9.65x is steep for a company with only 11% ROE, suggesting valuation is disconnected from return generation
  • Zero dividend yield despite repeated profitability signals poor shareholder return policy
  • Promoter holding has decreased by 8.13% over three years, raising concerns about promoter confidence
  • 3-year average ROE of only 10.8% is modest for an engineering services company trading at such premium multiples
  • TTM profit growth has decelerated sharply to just 1%, signaling potential earnings stagnation
  • 10-year compounded profit growth of only 11% suggests the recent acceleration may not be sustainable long-term
  • Debt-to-equity data is unavailable, limiting visibility into the company's leverage and financial risk profile

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: AXISCADES is executing a transformational pivot from engineering services to IP-led manufacturing, anchored by the ₹1,500 crore Akkodis divestment that provides a substantial war chest for growth. The company's ambitious Power 930 plan targets ₹9,000 crore revenue by FY2030 across aerospace, defence, AI, and space verticals. Minor governance issues (board composition fine) are a blemish but already resolved. The trend is strongly positive as the company de-risks its model and redeploys capital into higher-margin segments, though execution on the multi-vertical expansion remains the key risk to monitor.

Headwinds 1
  • Fine for board non-compliance Jun 29

    AXISCADES paid ₹4,95,600 fine to exchanges for non-compliance with board composition norms, though the issue was regularized on March 26, 2026.

Positives 3
  • ₹1,500 Cr aerospace divestment to Akkodis Jun 12

    Completed strategic sale of Aerospace Engineering Services business to Akkodis Group for ₹1,500 crore (USD 152.35 million), representing 18.7% of market cap. Proceeds fund the 'Power 930' plan targeting ₹9,000 crore revenue and ~₹960 crore PAT by FY2030.

  • Promoter pledge release on shares Jun 25

    Promoter group released pledge on 4.5 lakh shares (1.06% of shareholding) on June 23, reducing encumbrance on promoter stake.

  • Strategic pivot to IP-led manufacturing Jun 12

    Post-divestment, AXISCADES repositions around four pillars: Aerospace Manufacturing, Defence (ACAT), AI-centric ESAI (XiDA Inc), and a new Space division, shifting from services to high-value products and IP.

Neutral 3
  • New director Abhay Maheshwari appointed Jun 29

    Abhay Maheshwari appointed as Additional Director (Non-Executive, Non-Independent) effective June 29, 2026, subject to shareholder approval.

  • Shareholder nod sought for slump sale Jun 27

    AXISCADES seeks shareholder approval via postal ballot for slump sale of engineering services and related party transactions.

  • Investor meetings in Mumbai Jun 12

    Company scheduled one-on-one and group meetings with institutional investors on June 15-16, 2026 in Mumbai.

Quarterly Results

₹ Cr
AXISCADES quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
215
252
231
256
224
264
274
268
94
299
343
109
183
Expenses
181
216
202
223
192
231
234
231
88
252
280
109
175
Operating Profit
34
37
30
32
31
33
40
37
7
47
63
0
9
OPM %
16%
15%
13%
13%
14%
13%
15%
14%
7%
16%
18%
0.3%
4.7%
Other Income
2
2.13
2
5.62
10
4.7
2.75
2
27
6
−6
20
−5
Interest
20
12
12
13
8
9
7
8
6
7
7
9
9
Depreciation
7
9
8
10
9
10
11
10
5
10
11
10
9
PBT
8
18
11
16
24
19
23
21
23
36
39
1
−14
Tax %
33%
36%
32%
44%
31%
35%
36%
−47%
7%
36%
29%
44%
4%
Net Profit
6
11
8
9
17
12
15
32
21
23
28
0
−15
EPS (₹)
1.47
2.88
1.93
2.08
4.07
2.91
3.49
7.24
4.88
5.42
6.52
0.1
−3.49

Profit & Loss

₹ Cr
AXISCADES profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
318
375
487
519
608
673
524
610
822
955
1,031
1,159
934
Expenses
276
322
448
501
595
580
459
539
675
826
886
981
816
Operating Profit
42
54
39
18
13
93
65
72
146
129
144
178
119
OPM %
13%
14%
8%
3.5%
2.2%
14%
12%
12%
18%
14%
14%
15%
13%
Other Income
−1
3
15
12
24
8
−26
7
−62
16
16
12
15
Interest
3
2
13
14
25
30
24
17
37
58
34
32
32
Depreciation
9
10
12
19
20
33
26
25
27
34
40
44
40
PBT
29
45
29
−3
−8
38
−10
37
21
53
88
114
62
Tax %
31%
35%
50%
181%
−9%
21%
104%
38%
123%
37%
14%
37%
—
Net Profit
20
29
15
−8
−8
30
−21
23
−5
33
75
72
36
EPS (₹)
7.14
10.51
3.74
−2.18
−2.15
7.88
−5.74
5.86
−1.37
7.82
17.63
16.92
8.55
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
AXISCADES balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
19
19
19
19
19
19
19
21
21
21
Reserves
112
144
283
273
266
296
280
312
319
564
628
706
Borrowings
26
27
81
138
152
172
104
72
346
319
258
388
Other Liabilities
36
58
77
328
337
375
340
392
222
231
216
348
Total Liabilities
188
243
459
758
774
862
742
796
906
1,135
1,123
1,463
Fixed Assets
49
48
159
344
339
355
288
286
312
414
398
459
CWIP
0
1
6
0
1
1
0
0
0
0
8
53
Investments
0
0
0
6
30
34
50
19
33
37
60
17
Other Assets
139
195
294
407
404
473
404
491
560
685
658
934
Total Assets
188
243
459
758
774
862
742
796
906
1,135
1,123
1,463

Cash Flow

₹ Cr
AXISCADES cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
31
31
9
−38
37
65
122
31
71
79
88
−1
Investing
−9
−20
1
−32
−13
−2
−21
30
−199
−162
8
−71
Financing
−9
−1
2
47
−7
−48
−93
−42
133
64
−100
38
Net Cash Flow
13
10
12
−23
17
14
8
18
4
−19
−3
−35
Free Cash Flow
26
22
−20
−51
30
59
117
18
60
59
51
−135
CFO/EBITDA
87
80
81
−160
376
86
186
62
57
78
78
18

Ratios

AXISCADES financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
70
82
63
117
92
90
89
87
80
89
107
130
Inventory Days
—
—
11
200
88
84
86
165
137
136
104
121
Days Payable
—
—
150
333
137
177
188
218
153
125
100
220
Cash Conversion Cycle
70
82
−76
−16
44
−3
−12
34
63
100
111
31
Working Capital Days
47
51
32
1
−39
−55
−71
−73
24
49
75
75
ROCE %
24%
28%
14%
4%
1%
15%
12%
14%
23%
14%
14%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view AXISCADES Technologies insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 44.82%
  • Public 33.25%
  • Others 10.19%
  • DIIs 10.18%
  • FIIs 1.57%

12.33% of promoter holding pledged as of Sep 2026

Change since Jun 2026

Documents

Frequently Asked Questions about AXISCADES Technologies

What does AXISCADES Technologies Ltd do?
Axiscades Technologies Limited is a technology solutions company focussing on engineering solutions and services.
Where is AXISCADES Technologies Ltd (AXISCADES) listed?
AXISCADES Technologies Ltd trades as AXISCADES on the NSE and under code 532395 on the BSE.
Which sector does AXISCADES Technologies Ltd belong to?
AXISCADES Technologies Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of AXISCADES Technologies Ltd?
AXISCADES Technologies Ltd trades at a PE ratio of 223.44 as of 4 Nov 2026, on earnings per share of ₹8.55, against a book value of ₹170.11 per share.
What is the 52-week high and low of AXISCADES Technologies Ltd?
Over the last 52 weeks AXISCADES Technologies Ltd has traded between ₹1,063.3 and ₹2,360 as of 4 Nov 2026.
What is the Return on Equity (ROE) of AXISCADES Technologies Ltd?
AXISCADES Technologies Ltd reported a return on equity of 11.50%. Its debt-to-equity ratio is 0.53.

Company Information

Axiscades Technologies Limited is a technology solutions company focussing on engineering solutions and services.

Website axiscades.com
CEO Dr. Sampath Ravinarayanan
Employees 2,891
Listed 21 Dec 2000
Face Value ₹5

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