Axiscades Tech Ltd
NSE: AXISCADES · Aerospace & Defense · sector
₹1,921.30NSE close 2026-10-26
Key numbers
Market cap₹8,177 cr
Price₹1,921.30
52w high / low₹2,360 / ₹1,063
P/E224.7xSector median 75.3x
P/B11.2xSector median 8.2x
Book value₹170.9
Dividend yield–Sector median 0.15%
ROE5.3%Sector median 12.6%
ROCE11.1%Sector median 13.7%
OPM12.8%Sector median 20.9%
Debt / equity0.38xSector median 0.11x
EV/EBITDA59.6xSector median 59.6x
Interest cover3.4x
Current ratio1.53x
Sales growth 3y+12.2%Sector median +15.9%
Profit growth 3y–Sector median +32.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹50 cr vs borrowings ₹276 cr (FY26): borrowings are higher by ₹227 cr.
- Operating profit covered interest 3.4x in the last 12 months.
- 12.33% of the promoters' shares are pledged (5.5% of all shares).
- Promoter holding fell by 13.26 percentage points in a year, to 44.82% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 40% of net profit in the last 12 months.
- Debtor days went from 90 (FY24) to 130 (FY26).
- No dividend in the last 5 financial years.
- Price ₹1,921.30 on 2026-10-26: -18.6% from the 52-week high, +80.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,307.30 · low ₹445.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 264 | 274 | 268 | 244 | 299 | 343 | 273 | 183 |
| EBITDA | 33 | 38 | 35 | 34 | 47 | 55 | 30 | 9 |
| OPM % | 12.3% | 14.0% | 13.2% | 14.0% | 15.7% | 16.0% | 11.1% | 4.7% |
| Other income | 5 | 3 | 4 | 11 | 6 | 2 | 4 | 2 |
| Net profit | 12 | 15 | 31 | 21 | 23 | 28 | 0 | -15 |
| EPS (₹) | 2.93 | 3.50 | 7.24 | 4.88 | 5.42 | 6.52 | 0.10 | -3.49 |
| Revenue YoY | +13.1% | +25.2% | +1.9% | -24.8% | ||||
| Profit YoY | +87.2% | +87.2% | -98.6% | -171.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 610 | 822 | 952 | 1,031 | 1,159 | 1,099 |
| EBITDA | 69 | 78 | 130 | 139 | 166 | 141 |
| Net profit | 22 | -5 | 33 | 75 | 72 | 36 |
| EPS (₹) | 5.86 | -1.37 | 8.40 | 17.76 | 16.92 | 8.55 |
| Revenue growth | +34.6% | +15.9% | +8.2% | +12.4% | +4.6% | |
| Profit growth | -123.5% | – | +128.4% | -4.0% | -53.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.1% | +17.2% | +4.6% |
| Net profit | – | – | -53.8% |
| EPS | – | – | – |
| Share price | – | +96.5% (2y) | +30.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 338 | 585 | 649 | 728 |
| Borrowings | – | 314 | 238 | 189 | 276 |
| Cash & equivalents | – | 129 | 182 | 142 | 50 |
| Total assets | – | 904 | 1,139 | 1,127 | 1,466 |
| Fixed assets | – | 57 | 69 | 82 | 92 |
| Capital work in progress | – | 0 | – | 0 | 44 |
| Investments | – | 4 | 2 | 1 | 1 |
| Receivables | – | 179 | 234 | 302 | 411 |
| Inventory | – | 66 | 69 | 61 | 79 |
| Payables | – | 75 | 64 | 58 | 143 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 31 | 71 | 79 | 88 | -1 |
| Cash from investing | 30 | -201 | -163 | 9 | -71 |
| Cash from financing | -42 | 133 | 64 | -100 | 38 |
| Capex | 14 | 11 | 20 | 38 | 133 |
| Free cash flow | 18 | 60 | 59 | 50 | -135 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -1.5% | 5.6% | 11.5% | 9.9% |
| ROCE % | – | 8.7% | 13.3% | 14.3% | 14.4% |
| Debtor days | – | 80 | 90 | 107 | 130 |
| Inventory days | – | 134 | 136 | 104 | 121 |
| Payable days | – | 153 | 125 | 100 | 220 |
| Cash conversion cycle (days) | – | 61 | 101 | 111 | 31 |
| Working capital days | – | 80 | 119 | 125 | 91 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.82% |
| FIIs | 1.57% |
| DIIs | 10.18% |
| of which Mutual funds | 6.77% |
| Public (non-institutions) | 43.44% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.56% | 59.49% | 58.20% | 58.08% | 58.05% | 58.05% | 58.03% | 44.82% |
| Promoter group | % |
|---|---|
| Jupiter Capital Private Limited | 44.82% |
| Indian Aero Ventures Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Kotak Contra Fund | 4.90% |
| Svadha India Emerging Opportunities Scheme 1 | 2.06% |
| Sanjay Katkar | 1.80% |
| Vanaja Sundar Iyer | 1.36% |
49,211 shareholders. Pledged: 12.33% of promoter shares.
Peers in Aerospace & Defense
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HAL | ₹3,19,342 cr | 34.3x | 7.8x | 24.5% | 30.2% | 29.6% | +7.1% | 1.05% |
| BEL | ₹2,65,346 cr | 43.2x | 11.1x | 28.0% | 34.1% | 28.6% | +15.9% | 0.79% |
| BDL | ₹37,719 cr | 72.4x | 8.9x | 12.6% | 16.8% | 12.7% | -0.6% | 0.51% |
| GRSE | ₹21,411 cr | 26.7x | 8.2x | 34.0% | 41.2% | 11.1% | +39.8% | 0.95% |
| DATAPATTNS | ₹21,133 cr | 78.8x | 12.2x | 16.5% | 21.4% | 39.3% | +26.8% | 0.21% |
| AEQUS | ₹16,257 cr | – | 10.9x | -7.6% | 1.1% | 7.6% | – | – |
| APOLLO | ₹15,269 cr | 118.8x | 11.6x | 12.7% | 11.6% | 22.6% | +44.9% | 0.06% |
| ASTRAMICRO | ₹14,226 cr | 75.3x | 10.8x | 15.7% | 18.6% | 28.6% | +12.6% | 0.15% |
| ZENTEC | ₹13,947 cr | 77.1x | 7.4x | 10.3% | 14.6% | 32.6% | +46.5% | 0.13% |
| AXISCADES | ₹8,177 cr | 224.7x | 11.2x | 5.3% | 11.1% | 12.8% | +12.2% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| (a) Technology Services and Solutions | ₹781 cr | 67.4% | ₹66 cr | 8.5% |
| (b) Strategic Technology Solutions | ₹378 cr | 32.6% | ₹83 cr | 21.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2015-08-26 | Other | Annual General Meeting |
| 2014-08-21 | Other | Annual General Meeting |
| 2013-06-27 | Other | Annual General Meeting |
| 2012-08-23 | Other | Annual General Meeting |
| 2011-07-19 | Other | Annual General Meeting |
| 2010-08-12 | Other | Annual General Meeting |
| 2009-07-16 | Other | Annual General Meeting |
| 2008-08-20 | Other | Annual General Meeting |
| 2007-08-30 | Other | Agm |
| 2006-08-30 | Other | Agm |
| 2005-09-23 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Technology services and solutions for Aerospace & Defence: AXISCADES offers innovative engineering and technology solutions to leading OEMs and globally recognised brands across sectors such as aerospace, heavy engineering, automotive, and energy. The Company also extends specialised capabilities to the semiconductor industry, including programming tools, processors, memory solutions and embedded engineering services. With a comprehensive and integrated portfolio, AXISCADES enables its clients to accelerate product development cycles, drive innovation and achieve critical business objectives in a timely and efficient manner.
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Sub-industry | Aerospace & Defense |
| Symbol | AXISCADES |
| BSE code | 532395 |
| ISIN | INE555B01013 |
| Face value | ₹5.0 |
| Incorporated | 1990-08-24 |
| Website | https://axiscades.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.