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NSE:AXISCADES

AXISCADES TECH LTD

Capital Goods › Aerospace & Defense·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹2,013.40
at close · 28 Oct 2026
▲ 39.60 (+2.01%)
ThemesDefence· coreArtificial Intelligence· growingElectronics Manufacturing (EMS)· growingSpace Technology· announced

Latest filings

  1. Grant of 246,340 stock options to eligible employees · Capital Market Events
  2. AXISCADES incorporates space tech subsidiary Xponential Space · Strategic Transactions
  3. AXISCADES appoints Uttam Kumar Bhageria as CFO-Designate · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides engineering services and defence solutions through two reportable segments. The Technology Services and Solutions segment generated Rs 781.30 crore in FY26, making up 67.4% of segment revenue, with EBIT of Rs 66.36 crore. The Strategic Technology Solutions segment — which was labelled "Defence" in earlier quarterly filings before being renamed — generated Rs 377.70 crore (32.6% of segment revenue) with EBIT of Rs 82.86 crore. Employee costs are the largest expense at 47.8% of revenue, followed by materials at 21.9% and other operating expenses at 16.3%. The company is undergoing a major restructuring: it is divesting its Aerospace Engineering Services business to Akkodis entities in two tranches for a combined programme value of about US$237 million (~Rs 2,256 crore). It bought a 32,847 sq m plot in Telangana for about Rs 39.42 crore to set up a Defence Hardware Manufacturing and Article Integration unit. The company has outlined a 'Power 930' plan targeting Rs 9,000 crore revenue and Rs 960 crore PAT by FY2030, with Rs 1,800 crore earmarked for acquisitions and platform build-out across Aerospace Manufacturing, Defence Solutions, XiDA Inc (AI-centric ESAI), and Space Systems.

Revenue mix · reported segments
Technology Services and Solutions67.4%
Strategic Technology Solutions32.6%
Operating scale
Land acquired for Defence unit
32,847 sq m in Telangana (Rs 39.42 crore)
Aerospace divestment programme
US$237 million (~Rs 2,256 crore)
Power 930 revenue target
Rs 9,000 crore by FY2030
Power 930 PAT target
Rs 960 crore by FY2030
Acquisitions and platform budget
Rs 1,800 crore
FY26 total revenue
Rs 1,158.95 croreFY26
Who pays it
Aerospace, defence and industrial engineering clients
Biggest cost
Employee costs at 47.8% of revenue
Kind of business
Engineering services business in transition towards defence manufacturing and aerospace platforms
Where it sits
Listed Aerospace & Defense company divesting its Aerospace engineering services arm to Akkodis and building new platforms in Defence hardware, Aerospace manufacturing, Space, and AI-centric ESAI
Market Cap
₹8,569 Cr
P / E (TTM)
235.5×
EV / EBITDA
56.7×
Div Yield
—
Growth
17.2%▲
Revenue 5y CAGR
PAT — · EBITDA +38.1%
Quality
14.3%▲
ROCE (5y median)
ROE 6.7% (5y median) · margin 16.3%
Leverage
0.38·
Debt / Equity · low
Net debt ₹259 Cr
Revenue FY21→FY26
2.2×▲
Margin +10.3 pts
₹524 Cr → ₹1,159 Cr
Cash conversion
1.35×▲
Operating cash ÷ profit · 5 yrs
₹268 Cr on ₹199 Cr
Moves on a normal day
2.24%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 25 Aerospace & Defense peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#23/23
P/B#17/23
ROCE#16/26
ROE#14/23
Debt / Equity#21/23
EBITDA margin#20/23
Revenue growth#20/23
Profit growth#19/21

Scorecard

Measured from the filed financials, judged against its Aerospace & Defense peers · as of FY26 — not investment advice

Strengths
Revenue compounding 17% a year over 5 years
Over 5 years it reported ₹199 Cr of profit and ₹268 Cr of operating cash — 1.35×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.38× equity
higher than 91% of its 23 Aerospace & Defense peers
Customers are taking longer to pay — 89 → 130 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

AXISCADES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from AXISCADES TECH LTD's filed financials and exchange disclosures

What does AXISCADES TECH LTD do?

AXISCADES TECH LTD is a Aerospace & Defense company listed on NSE and BSE, trading under the symbol AXISCADES.

Is AXISCADES TECH LTD profitable?

Yes. Over the trailing twelve months AXISCADES TECH LTD reported a net profit of ₹36 Cr on revenue of ₹1,099 Cr.

Does AXISCADES TECH LTD pay a dividend?

Not in the latest reported year — AXISCADES TECH LTD's dividend payout for FY26 was nil.

Is AXISCADES TECH LTD debt-free?

No. It reported borrowings of ₹276 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹259 Cr after cash. Debt stands at 0.38× equity. That is higher than 91% of its 23 Aerospace & Defense peers.

Is AXISCADES TECH LTD expensive compared with its peers?

On trailing P/E, AXISCADES TECH LTD ranks 23 of 23 in Aerospace & Defense — cheaper than 0% of them, against an industry median of 69.8×. This is a position, not a valuation judgement.

How much does the AXISCADES TECH LTD share price move in a day?

On a typical session AXISCADES TECH LTD moves 2.24% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track AXISCADES TECH LTD's announcements?

Every NSE and BSE filing by AXISCADES TECH LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.