MarketFriction

AXISCADES Technologies Ltd

NSE AXISCADES · BSE 532395 · Aerospace & Defense
₹2,307.30 +3.41%
NSE close2026-10-01
52 week range1,063.30 - 2,274.10
Market cap₹8,793 Cr.
P/E268
Microcap 250Nifty India Defence Price band 10% Delivery 34.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales25223225622426527526894299343109183
Expenses21620222319223123423188252280109175
Operating Profit373032313340377476309
OPM %15%13%13%14%13%15%14%7%16%18%0.3%4.7%
Other Income12510412276-620-5
Interest121213897867799
Depreciation9810910111051011109
Profit before tax181116241923212336391-14
Tax %36%32%44%31%35%36%-47%7%36%29%44%4%
Net Profit1189171215322123280-15
EPS in Rs2.881.932.084.072.913.497.244.885.426.520.10-3.49
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3754875196086735246108229551,0311,159934
Expenses322448501595580459539675826886981816
Operating Profit54391813936572146129144178119
OPM %14%8%3.5%2.2%14%12%12%18%14%14%15%13%
Other Income31512248-267-6216161215
Interest21314253024173758343232
Depreciation101219203326252734404440
Profit before tax4529-3-838-103721538811462
Tax %35%50%181%-9%21%104%38%123%37%14%37%
Net Profit2915-8-830-2123-533757236
EPS in Rs10.513.74-2.18-2.157.88-5.745.86-1.377.8217.6316.928.55
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%17%12%4%
Compounded Profit Growth11%21%64%-47%
Stock Price CAGR25%90%59%30%
Return on Equity6%7%11%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141419191919191919212121
Reserves112144283273266296280312319564628706
Borrowings26278113815217210472346319258388
Other Liabilities365877328337375340392222231216348
Total Liabilities1882434597587748627427969061,1351,1231,463
Fixed Assets4948159344339355288286312414398459
CWIP0160110000853
Investments00063034501933376017
Other Assets139195294407404473404491560685658934
Total Assets1882434597587748627427969061,1351,1231,463
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity31319-38376512231717988-1
Cash from Investing Activity-9-201-32-13-2-2130-199-1628-71
Cash from Financing Activity-9-1247-7-48-93-4213364-10038
Net Cash Flow131012-2317148184-19-3-35
Free Cash Flow2622-20-51305911718605951-135
CFO/OP87%80%81%-160%376%86%186%62%57%78%78%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days708263117929089878089107130
Inventory Days11200888486165137136104121
Days Payable150333137177188218153125100220
Cash Conversion Cycle7082-76-1644-3-12346310011131
Working Capital Days4751321-39-55-71-7324497575
ROCE %24%28%14%4%1%15%12%14%23%14%14%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.74%65.74%60.30%60.27%59.86%59.56%59.49%58.20%58.08%58.05%58.05%58.03%
FIIs0.08%0.31%0.38%0.34%0.40%0.51%0.69%1.62%2.17%1.45%1.16%1.45%
DIIs0.00%0.16%8.56%4.54%4.08%3.82%2.03%1.34%1.16%0.94%1.63%1.96%
Public34.18%33.79%30.77%34.83%35.66%36.10%37.80%38.85%38.57%39.56%39.15%38.56%
No. of Shareholders17,88618,98319,14428,11931,14030,86737,66544,30444,07745,34543,90846,002

Fundamentals

Market Cap₹ 8,793 Cr.
Current Price₹ 2,067
Stock P/E268
Book Value₹ 171
ROCE15.4 %
ROE11.5 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-47%
Consolidated figures.
Valuation
Market capRs 9,822 Cr
Enterprise valueRs 10,164 Cr
P/E (TTM)270.27x
Price to book13.50x
Price to sales10.51x
EV / EBITDA76.23x
EV / EBIT108.90x
EV / sales10.88x
Earnings yield0.37%
P/E, 3-year average70.37x
P/B, 3-year average6.23x
P/E, 5-year average58.17x
P/B, 5-year average4.63x
Profitability
Operating margin (excl. other income)15.39%
Operating margin (incl. other income)16.39%
EBITDA margin14.27%
Pre-tax margin6.60%
Net profit margin3.89%
Net margin, latest quarter-8.09%
ROE10.45%
ROCE14.39%
ROA5.56%
ROE, 3-year average9.90%
ROCE, 3-year average13.90%
ROA, 3-year average5.14%
ROE, 5-year average7.04%
ROCE, 5-year average13.13%
ROA, 5-year average3.54%
ROIC (approx.)5.53%
Tax rate36.55%
Other income / net worth1.58%
Growth
Sales growth (latest year)12.44%
Profit growth (latest year)-4.03%
Sales CAGR, 3 years12.15%
Sales CAGR, 5 years17.21%
Sales growth QoQ68.41%
Profit growth QoQ-3548.84%
Sales growth YoY (latest quarter)94.17%
Profit growth YoY (latest quarter)-171.47%
Per share
EPS (TTM)Rs 8.54
EPS (latest year)Rs 16.90
EPS (latest quarter)Rs -3.48
EPS, 3-year averageRs 14.11
EPS, 5-year averageRs 9.36
Book value per shareRs 170.91
Sales per shareRs 219.52
Cash flow per shareRs -0.32
Free cash flow per shareRs -31.71
Efficiency
Asset turnover0.79x
Fixed asset turnover2.52x
Inventory turnover3.91x
Inventory days93 days
Debtor days130 days
Debtors turnover2.82x
Creditor days220 days
Cash conversion cycle31 days
Working capital days75 days
Leverage
Total debtRs 388 Cr
Cash and bankRs 45 Cr
Net debtRs 343 Cr
Debt to equity0.53x
Net debt / EBITDA2.57x
Interest coverage2.95x
Current ratio (filing 2026-03-31)1.53x
Quick ratio (filing 2026-03-31)1.39x
Trade payables (filing 2026-03-31)Rs 143 Cr
Owners' fund to total sources49.71%
Debt to assets26.51%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -71 Cr
Cash from Financing Activity (latest year)Rs 38 Cr
Net Cash Flow (latest year)Rs -35 Cr
Free cash flow (latest year)Rs -135 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years1.35x
Statement figures
Net sales (TTM)Rs 934 Cr
Net sales (latest year)Rs 1,159 Cr
Sales (latest quarter)Rs 183 Cr
Operating profit excl. other income (latest year)Rs 178 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 133 Cr
PBDT (TTM)Rs 102 Cr
Profit before tax (TTM)Rs 62 Cr
Tax (latest year)Rs 42 Cr
Net profit (TTM)Rs 36 Cr
Net profit (latest year)Rs 72 Cr
Net profit (latest quarter)Rs -15 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 32 Cr
Cost of goods sold (latest year)Rs 309 Cr
Total expenditure (latest year)Rs 981 Cr
Total income (latest year)Rs 1,170 Cr
Share capitalRs 21 Cr
ReservesRs 706 Cr
Shareholders' fundsRs 728 Cr
Total assetsRs 1,463 Cr
Net blockRs 459 Cr
Capital work in progressRs 53 Cr
InvestmentsRs 17 Cr
ReceivablesRs 411 Cr
InventoryRs 79 Cr
Other liabilitiesRs 348 Cr
Shares outstanding (crore)4.26
Ownership
Promoter holding58.03% (-0.17 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 270.3 is at the 98th percentile of its own 5.4-year range (median 57.5, low 5.7, high 270.3).
P/B 13.50 is at the 99th percentile (median 2.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAXISCADESNifty 50Difference
1 week+20.0%-2.8% +22.8 pts
1 month+40.3%-6.8% +47.1 pts
3 months+39.9%-7.6% +47.6 pts
6 months+52.4%+0.4% +52.0 pts
1 year+37.9%-9.9% +47.8 pts
2 years+296.6%-13.6% +310.1 pts
3 years+351.7%+14.2% +337.5 pts
5 years+2632.1%+27.9% +2604.3 pts
12 mutual fund schemes hold about ₹89 Cr. Over three months 0 bought more and 12 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty India Defence Index Fund0.74%41 -31%
ICICI Pru Technology Fund0.20%27 -36%
Aditya Birla SL Nifty India Defence Index Fund0.74%10 -31%
Motilal Oswal Nifty Microcap 250 Index Fund0.31%8 -35%
Axis Nifty India Defence Index Fund0.74%3 -31%
Groww Nifty Total Market Index Fund0.01%0 -33%
Angel One Nifty Total Market Index Fund0.01%0 -33%
Mirae Asset Nifty Total Market Index Fund0.01%0 -33%
Bandhan Nifty Total Market Index Fund0.01%0 -33%
Motilal Oswal BSE 1000 Index Fund0.01%0 -29%
Samco Multi Cap Fund0.00%0 -100%
Samco Special Opportunities Fund0.00%0 -100%

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 50% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹183 Cr +94.7% vs Jun 2025. Net loss ₹15 Cr.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Hindustan Aeronautics Ltd304,24632.632.0 %
Bharat Electronics Ltd283,43746.136.4 %
Bharat Dynamics Ltd39,77676.413.9 %
Garden Reach Shipbuilders & Engineers Ltd25,27131.642.8 %
Data Patterns (India) Ltd23,63487.421.9 %
Sigma Advanced System Ltd18,55411211.7 %
Aequs Ltd18,2171.69 %
Astra Microwave Products Ltd15,69183.020.3 %
Apollo Micro Systems Ltd14,96112314.5 %
Zen Technologies Ltd14,62580.516.2 %
Paras Defence and Space Technologies Ltd10,67811517.2 %
Unimech Aerospace and Manufacturing Ltd8,52611811.2 %
Mishra Dhatu Nigam Ltd7,85158.511.4 %
Cyient DLM Ltd7,31289.19.90 %
Centum Electronics Ltd7,26483.125.5 %
DateClientSideQtyPrice
2026-09-29Vanaja SundarBUY300,0001,824.00
2026-09-29Svadha India Emerging Opportunities Scheme 1BUY877,1921,824.00
2026-09-29Kotak Mahindra Mutual Fund.BUY224,7811,824.00
2026-09-29Kotak Mahindra Mutual Fund .BUY224,7811,824.00
2026-09-29Kotak Mahindra Mutual FundBUY910,0881,824.00
2026-09-29Kotak Mahindra Mutual FundBUY339,9121,824.00
2026-09-29Kotak Mahindra Mutual FundBUY224,7811,824.00
2026-09-29Jupiter Capital Private LimitedSELL4,548,9051,824.00
2026-09-29Abakkus Investment Managers Private LimitedBUY604,2531,824.00
2026-09-29Abakkus Investment Managers Private LimitedBUY255,3201,824.00
2026-09-29Abakkus Diversified Alpha FundBUY241,0001,824.00
2026-09-29Vanaja SundarBUY300,0001,824.00
2026-09-29Svadha India Emerging Opportunities Scheme 1BUY877,1921,824.00
2026-09-29Kotak Mahindra Mutual FundBUY2,083,3331,824.00
2026-09-29Jupiter Capital Private LimitedSELL4,548,9051,824.00
2026-09-29Abakkus Mutual FundBUY187,8071,824.00
2026-09-29Abakkus Investment Managers Private LimitedBUY604,2531,824.00
2026-09-29Abakkus Investment Managers Private LimitedBUY255,3201,824.00
2026-09-29Abakkus Diversified Alpha FundBUY241,0001,824.00
Ex-dateActionFactor
2015-08-26 Annual General Meeting
2014-08-21Annual General Meeting
2013-06-27Annual General Meeting
2012-08-23Annual General Meeting
2011-07-19Annual General Meeting
2010-08-12Annual General Meeting
2009-07-16Annual General Meeting
2008-08-20Annual General Meeting
2007-08-30Agm
2006-08-30Agm
DateTypeWhat it says
2026-10-01Sale or disposalUpdate on Restructuring.
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-24Giving guarantees/indemnity/Giving guarantees/indemnity/ becoming a surety for third party
2026-09-24AllotmentAllotment of 20000 securities pursuant to Non Convertible Securities through Circular Resolution passed on September 24, 2026
2026-09-22AcquisitionIncorporation of a Subsidiary Company.
2026-09-16Concall / analyst meetSchedule of meet
2026-09-11Concall / analyst meetSchedule of meet
2026-09-11AcquisitionExecution of Transaction Documents and completion of the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited by AXISCAD...
2026-09-09General UpdatesDispatch of letter to shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depository Participants.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-03Concall / analyst meetSchedule of meet
2026-08-30Press ReleaseA press release dated August 30, 2026, titled "AXISCADES Technologies to Acquire Cloud Wave Technologies, Accelerating Entry into Aerospace Manufactur...
2026-08-28AcquisitionAcquisition
2026-08-27Concall / analyst meetSchedule of meet
2026-08-20Concall / analyst meetTranscript
2026-08-14Concall / analyst meetLink of Recording
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "AXISCADES reports record Rs. 346.7 crore revenue from operations for Q1 FY27, including discontinued op...
2026-08-13Investor PresentationInvestor Presentation
2026-08-13Board meeting outcomeAXISCADES Technologies Limited has submitted to the Exchange, the unaudited financial results for the period ended June 30, 2026.
2026-08-12ResignationResignation of Director/KMP/SMP
2026-08-11ResignationResignation of Mrs Mariam Mathew as Non- Executive Independent Director of the company w.e.f. August 11, 2026.
2026-08-11AppointmentAppointment of Ms Ashmita Sethi as Non- Executive Independent Director of the company w.e.f. August 11, 2026.
2026-08-10Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-307
2026-09-291,189
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-25NCLTM/s Axiscades Engineering Technologies Limited Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 25perc in previous 1 monthClose to Close price movement greater than 25perc in previous 15 DaysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of AXISCADES Technologies Ltd?

AXISCADES Technologies Ltd (AXISCADES) has a market capitalisation of Rs 8,793 Cr. at the 2026-10-01 close.

What is the P/E ratio of AXISCADES Technologies Ltd?

AXISCADES Technologies Ltd trades at a P/E of 268 on trailing twelve-month profit, at the 2026-10-01 close.

What were AXISCADES Technologies Ltd's latest quarterly results?

In the Jun 2026 quarter, AXISCADES Technologies Ltd sales was Rs 183 Cr (+94.7% vs Jun 2025) with a net loss of Rs 15 Cr.

What is the 52-week high and low of AXISCADES Technologies Ltd?

The 52-week high is Rs 2,274.10 and the 52-week low is Rs 1,063.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03