AXISCADES Technologies Ltd
Axiscades Technologies Limited is a technology solutions company focussing on engineering solutions and services. [1]
- Market Cap ₹ 5,703 Cr.
- Current Price ₹ 1,344
- High / Low ₹ 1,779 / 485
- Stock P/E 61.8
- Book Value ₹ 163
- Dividend Yield 0.00 %
- ROCE 13.8 %
- ROE 12.7 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 21.3% CAGR over last 5 years
Cons
- Stock is trading at 8.24 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 5.56% over last 3 years.
- Promoter holding has decreased over last 3 years: -8.44%
- Working capital days have increased from 48.9 days to 74.8 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.
Peer comparison
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 307 | 318 | 375 | 487 | 519 | 608 | 673 | 524 | 610 | 822 | 955 | 1,031 | 1,085 | |
| 278 | 276 | 322 | 448 | 501 | 595 | 580 | 459 | 539 | 675 | 826 | 886 | 926 | |
| Operating Profit | 29 | 42 | 54 | 39 | 18 | 13 | 93 | 65 | 72 | 146 | 129 | 144 | 159 |
| OPM % | 9% | 13% | 14% | 8% | 4% | 2% | 14% | 12% | 12% | 18% | 14% | 14% | 15% |
| 3 | -1 | 3 | 15 | 12 | 24 | 8 | -26 | 7 | -62 | 16 | 16 | 19 | |
| Interest | 4 | 3 | 2 | 13 | 14 | 25 | 30 | 24 | 17 | 37 | 58 | 34 | 30 |
| Depreciation | 8 | 9 | 10 | 12 | 19 | 20 | 33 | 26 | 25 | 27 | 34 | 40 | 40 |
| Profit before tax | 20 | 29 | 45 | 29 | -3 | -8 | 38 | -10 | 37 | 21 | 53 | 88 | 109 |
| Tax % | 18% | 31% | 35% | 50% | 181% | -9% | 21% | 104% | 38% | 123% | 37% | 14% | |
| 16 | 20 | 29 | 15 | -8 | -8 | 30 | -21 | 23 | -5 | 33 | 75 | 90 | |
| EPS in Rs | 8.01 | 7.14 | 10.51 | 3.74 | -2.18 | -2.15 | 7.88 | -5.74 | 5.86 | -1.37 | 7.82 | 17.63 | 21.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 9% |
| 3 Years: | 19% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 21% |
| 3 Years: | 49% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 90% |
| 3 Years: | 67% |
| 1 Year: | 174% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 10 | 14 | 14 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 21 | 21 | 21 |
| Reserves | 91 | 112 | 144 | 283 | 273 | 266 | 296 | 280 | 312 | 319 | 564 | 628 | 672 |
| 33 | 26 | 27 | 81 | 138 | 152 | 172 | 104 | 72 | 346 | 319 | 258 | 259 | |
| 41 | 36 | 58 | 77 | 328 | 337 | 375 | 340 | 392 | 220 | 231 | 216 | 268 | |
| Total Liabilities | 175 | 188 | 243 | 459 | 758 | 774 | 862 | 742 | 796 | 904 | 1,135 | 1,123 | 1,220 |
| 34 | 49 | 48 | 159 | 344 | 339 | 355 | 288 | 286 | 312 | 414 | 398 | 448 | |
| CWIP | 14 | 0 | 1 | 6 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 8 | 4 |
| Investments | 1 | 0 | 0 | 0 | 6 | 30 | 34 | 50 | 19 | 33 | 37 | 60 | 33 |
| 126 | 139 | 195 | 294 | 407 | 404 | 473 | 404 | 491 | 559 | 685 | 658 | 735 | |
| Total Assets | 175 | 188 | 243 | 459 | 758 | 774 | 862 | 742 | 796 | 904 | 1,135 | 1,123 | 1,220 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 31 | 31 | 9 | -38 | 37 | 65 | 122 | 31 | 71 | 79 | 88 | |
| -4 | -9 | -20 | 1 | -32 | -13 | -2 | -21 | 30 | -199 | -162 | 8 | |
| -16 | -9 | -1 | 2 | 47 | -7 | -48 | -93 | -42 | 133 | 64 | -100 | |
| Net Cash Flow | -4 | 13 | 10 | 12 | -23 | 17 | 14 | 8 | 18 | 4 | -19 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 86 | 70 | 82 | 63 | 117 | 92 | 90 | 89 | 87 | 80 | 89 | 107 |
| Inventory Days | 11 | 200 | 88 | 84 | 86 | 165 | 134 | 136 | 104 | |||
| Days Payable | 150 | 333 | 137 | 177 | 188 | 218 | 153 | 125 | 100 | |||
| Cash Conversion Cycle | 86 | 70 | 82 | -76 | -16 | 44 | -3 | -12 | 34 | 61 | 100 | 111 |
| Working Capital Days | 39 | 47 | 51 | 32 | 1 | -39 | -55 | -71 | -73 | 23 | 49 | 75 |
| ROCE % | 18% | 24% | 28% | 14% | 4% | 1% | 15% | 12% | 14% | 23% | 14% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Axiscades to meet institutional investors/fund managers at Elara Capital Bengaluru Day Conference on Dec 08, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Nov - AXISCADES to meet institutional investors/fund managers at Ashika Manufacturing Conference, Mumbai on November 28, 2025.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 20 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Nov - Q2 revenue Rs.299cr, H1 Rs.543cr; Q2 EBITDA Rs.47cr; FY26 CAPEX ~Rs.150–180cr; Power930 Rs.9,000cr by 2030.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
18 Nov - Altera expands strategic partnership with AXISCADES for mission-critical defense applications; announcement on Nov 18, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Dec 2024TranscriptPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024TranscriptPPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Sep 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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Jun 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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Jun 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Dec 2017Transcript PPT
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Nov 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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May 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Feb 2016TranscriptPPT
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Aug 2015Transcript PPT
Service Offerings
The company offers Product Engineering Solutions in the following areas:
1. Embedded Software and Hardware
2. Digitization and Automation
3. Mechanical Engineering
4. System Integration
5. Test Solutions
6. Manufacturing Engineering
7. Technical Publications
8. Aftermarket Solutions [1]