Axis Solutions Ltd
Incorporated in 1985, Axis Solutions Ltd manufactures various engineering products.[1]
- Market Cap ₹ 1,081 Cr.
- Current Price ₹ 229
- High / Low ₹ 229 / 15.0
- Stock P/E 39.4
- Book Value ₹ 25.9
- Dividend Yield 0.22 %
- ROCE 30.4 %
- ROE 39.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 411% CAGR over last 5 years
- Company's median sales growth is 76.9% of last 10 years
Cons
- Stock is trading at 8.81 times its book value
- Tax rate seems low
- Company might be capitalizing the interest cost
- Company has high debtors of 174 days.
- Working capital days have increased from 70.8 days to 134 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 0 | 9 | 14 | 34 | 38 | 28 | 67 | 136 | 201 | 220 | |
| 0 | 0 | 0 | 0 | 9 | 14 | 34 | 38 | 28 | 95 | 111 | 164 | 190 | |
| Operating Profit | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -28 | 25 | 37 | 31 |
| OPM % | 48% | -38% | 51% | 35% | 0% | 2% | 0% | 0% | -1% | -42% | 19% | 18% | 14% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 10 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31 | 32 | 34 | 27 |
| Tax % | 20% | -9% | 19% | 21% | 21% | 18% | 33% | 433% | 6% | 0% | -2% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -33 | 32 | 35 | 27 | |
| EPS in Rs | 0.27 | 0.37 | 0.51 | 0.12 | 0.12 | 0.26 | 0.01 | 0.05 | -0.09 | -27.51 | 26.32 | 7.41 | 5.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 119% |
| 5 Years: | 42% |
| 3 Years: | 93% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 78% |
| 5 Years: | 411% |
| 3 Years: | 584% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 123% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 18% |
| Last Year: | 40% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 7 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 44 | 47 | 47 |
| Reserves | -0 | -0 | 10 | 13 | 13 | 13 | 13 | 13 | 13 | -13 | 14 | 70 | 75 |
| 0 | 0 | 0 | 0 | 4 | 4 | 5 | 7 | 11 | 61 | 35 | 38 | 49 | |
| 0 | 0 | 0 | 0 | 7 | 5 | 19 | 26 | 48 | 29 | 39 | 46 | 42 | |
| Total Liabilities | 3 | 3 | 17 | 25 | 36 | 35 | 49 | 58 | 84 | 89 | 132 | 202 | 213 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 47 | 48 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Investments | 0 | 0 | 15 | 19 | 20 | 20 | 19 | 19 | 19 | 0 | 0 | 0 | 0 |
| 3 | 3 | 2 | 6 | 16 | 15 | 30 | 39 | 65 | 70 | 84 | 152 | 162 | |
| Total Assets | 3 | 3 | 17 | 25 | 36 | 35 | 49 | 58 | 84 | 89 | 132 | 202 | 213 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | -0 | 0 | -4 | -0 | -2 | -2 | -4 | -19 | 11 | -21 | |
| 0 | -0 | -14 | -7 | -0 | 1 | 1 | 0 | 0 | -20 | 18 | -3 | |
| 0 | 0 | 14 | 8 | 4 | -1 | 1 | 1 | 4 | 36 | -27 | 26 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -2 | 2 | 2 |
| Free Cash Flow | 0 | 0 | -0 | 0 | -4 | -0 | -2 | -2 | -4 | -19 | 10 | -23 |
| CFO/OP | 10% | -1,633% | -25% | 136% | -12% | -19,100% | -1,175% | 1,536% | 103% | 45% | -56% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 0 | 265 | 765 | 370 | 162 | 222 | 184 | 558 | 96 | 119 | 174 |
| Inventory Days | 11 | 17 | 0 | 0 | 0 | 232 | 129 | 117 | ||||
| Days Payable | 284 | 80 | 200 | 224 | 103 | 72 | ||||||
| Cash Conversion Cycle | 70 | 0 | 265 | 765 | 96 | 99 | 21 | 184 | 558 | 103 | 145 | 219 |
| Working Capital Days | 487 | -1,004 | 239 | 683 | 104 | 32 | 21 | -68 | -135 | 19 | 60 | 134 |
| ROCE % | 4% | 4% | 5% | 1% | 2% | 3% | 2% | 2% | 0% | -59% | 32% | 30% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Number of Employees Numbers |
|
|||||||
| Advance Received from Customers Rs. Crore |
||||||||
| Debtors Turnover Ratio Times |
||||||||
| Segment Revenue - Automation & Digitalisation Rs. Lacs |
||||||||
| Segment Revenue - Industrial Engineering & Systems Rs. Lacs |
||||||||
| Segment Revenue - Infra & Water Rs. Lacs |
||||||||
| Manufacturing Facility Area sq. ft. |
||||||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
27 Mar - Axis Solutions executed Rs25 crore working capital loan with Vivriti Capital on 27-Mar-2026, secured by charges and DSRA.
-
Closure of Trading Window
26 Mar - Trading window closed from 1 Apr 2026 until 48 hours after March 31, 2026 results.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Mar - Axis Solutions secured Rs.4.25 crore BHEL order to supply 2800V/50mA high-voltage transducers, execution within one year.
-
Execution Of Loan Agreement By The Company
12 Mar - Axis Solutions executed Rs.20.00 crore working capital loan with HSBC on 12-Mar-2026, secured by guarantees and pari‑passu charges.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
6 Mar - CFO Ninad Vora resigns effective close of business March 6, 2026, to pursue opportunities outside.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Product Profile:[1]
ASL manufactures analytical and analyser
system solutions, CEMS (Continuous Emission Monitoring System), SWAS (Steam and Water Analysis System), HVAC (Heating, ventilation,
and air conditioning) systems, and water
sensors, among others to a wide range
of industries.