AXISCADES

AXISCADES Technologies Limited

Aerospace, defence and electronics engineering company

Industrials›Capital Goods›Aerospace & Defense›Aerospace & Defense

axiscades.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹2116.00
Market cap
9,006 Cr
Stock P/E
247.9
P/B
12.37
Dividend yield
0.0%
ROE (FY26)
9.8%
ROCE (FY26)
14.3%
Operating margin (FY26)
11.5%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
-0.8%
OCF / EBITDA (3Y)
36.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

AXISCADES (AXISCADES Technologies) is an Indian engineering and technology company serving defence, aerospace and electronics customers, and it is reshaping itself around defence, aerospace manufacturing and a US-led AI and electronics business.

Company snapshot

13thBy market cap

Ranked among 25 companies in Aerospace & Defense.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 70.7% of revenue

SegmentRevenue shareRevenuePBTAssets
(a) Technology Services and Solutions
70.7%
539 Cr53 Cr—
(b) Strategic Technology Solutions
29.4%
224 Cr31 Cr—
(c) Unallocable assets—0 Cr0 Cr—

What we see

Concerns
  • ✗Only 37% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales251 Cr231 Cr256 Cr224 Cr264 Cr274 Cr268 Cr244 Cr299 Cr343 Cr273 Cr183 Cr
Operating expenses (approx.)216 Cr202 Cr223 Cr192 Cr231 Cr234 Cr231 Cr210 Cr252 Cr280 Cr239 Cr175 Cr
EBITDA36 Cr29 Cr32 Cr31 Cr33 Cr40 Cr37 Cr34 Cr47 Cr63 Cr34 Cr9 Cr
OPM %14.2%12.6%12.6%14.0%12.4%14.6%14.0%14.0%15.7%18.3%12.3%4.7%
Other income2 Cr2 Cr6 Cr10 Cr5 Cr3 Cr4 Cr11 Cr6 Cr2 Cr4 Cr3 Cr
Interest12 Cr12 Cr13 Cr8 Cr9 Cr7 Cr8 Cr7 Cr7 Cr7 Cr10 Cr9 Cr
Depreciation9 Cr8 Cr10 Cr9 Cr10 Cr11 Cr10 Cr9 Cr10 Cr11 Cr14 Cr9 Cr
Profit before tax18 Cr11 Cr16 Cr24 Cr19 Cr23 Cr21 Cr28 Cr36 Cr39 Cr11 Cr-12 Cr
Tax %36.5%31.6%43.5%30.7%34.7%36.2%-47.1%25.4%36.2%28.8%96.1%-24.4%
Net profit11 Cr8 Cr9 Cr17 Cr12 Cr15 Cr31 Cr21 Cr23 Cr28 Cr0.41 Cr-15 Cr
EPS (₹)₹2.89₹1.93₹2.11₹4.07₹2.93₹3.50₹7.24₹4.88₹5.42₹6.52₹0.10₹-3.49

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales484 Cr519 Cr604 Cr673 Cr524 Cr610 Cr822 Cr952 Cr1,031 Cr1,159 CrSign in free for the trailing twelve months
Operating expenses (approx.)446 Cr502 Cr596 Cr581 Cr460 Cr540 Cr676 Cr822 Cr888 Cr981 CrSign in free for the trailing twelve months
EBITDA37 Cr18 Cr9 Cr92 Cr64 Cr71 Cr146 Cr130 Cr142 Cr178 CrSign in free for the trailing twelve months
OPM %7.7%3.4%1.4%13.6%12.2%11.6%17.7%13.7%13.8%15.3%Sign in free for the trailing twelve months
Other income15 Cr15 Cr12 Cr8 Cr14 Cr9 Cr6 Cr13 Cr21 Cr23 CrSign in free for the trailing twelve months
Interest12 Cr14 Cr24 Cr28 Cr23 Cr16 Cr36 Cr56 Cr32 Cr31 CrSign in free for the trailing twelve months
Depreciation14 Cr19 Cr20 Cr33 Cr26 Cr25 Cr27 Cr34 Cr40 Cr44 CrSign in free for the trailing twelve months
Profit before tax27 Cr-3 Cr-8 Cr38 Cr-10 Cr37 Cr21 Cr53 Cr88 Cr114 CrSign in free for the trailing twelve months
Tax %50.2%-180.6%8.6%21.1%-104.3%38.3%122.8%37.0%14.0%36.6%Sign in free for the trailing twelve months
Net profit14 Cr-8 Cr-8 Cr30 Cr-21 Cr23 Cr-5 Cr33 Cr75 Cr72 CrSign in free for the trailing twelve months
EPS (₹)₹3.48₹-2.18₹-2.15₹7.87₹-5.74₹5.86₹-1.37₹8.40₹17.76₹16.92Sign in free for the trailing twelve months
Dividend payout %—————0.0%—1.3%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr21 Cr21 Cr21 Cr
Reserves270 Cr273 Cr266 Cr296 Cr280 Cr312 Cr319 Cr564 Cr628 Cr706 Cr
Borrowings82 Cr138 Cr132 Cr122 Cr51 Cr49 Cr314 Cr238 Cr189 Cr276 Cr
Other liabilities74 Cr325 Cr351 Cr417 Cr387 Cr409 Cr247 Cr309 Cr282 Cr455 Cr
Total liabilities448 Cr758 Cr771 Cr859 Cr742 Cr794 Cr904 Cr1,139 Cr1,127 Cr1,466 Cr
Fixed assets (net)62 Cr124 Cr127 Cr148 Cr52 Cr58 Cr57 Cr69 Cr82 Cr92 Cr
CWIP25 Cr0.50 Cr0.12 Cr0 Cr0 Cr0 Cr0 Cr—0.18 Cr44 Cr
Investments0.35 Cr6 Cr30 Cr34 Cr146 Cr107 Cr149 Cr189 Cr198 Cr195 Cr
Loans & advances—3 Cr4 Cr3 Cr2 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories2 Cr30 Cr20 Cr20 Cr23 Cr52 Cr66 Cr69 Cr61 Cr79 Cr
Trade receivables84 Cr166 Cr153 Cr166 Cr128 Cr145 Cr179 Cr234 Cr302 Cr411 Cr
Cash & bank72 Cr14 Cr31 Cr45 Cr53 Cr71 Cr75 Cr56 Cr52 Cr18 Cr
Other assets202 Cr414 Cr407 Cr443 Cr338 Cr362 Cr378 Cr522 Cr432 Cr627 Cr
Total assets448 Cr758 Cr771 Cr859 Cr742 Cr794 Cr904 Cr1,139 Cr1,127 Cr1,466 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity9 Cr-38 Cr37 Cr65 Cr122 Cr31 Cr71 Cr79 Cr88 Cr-1 Cr
Cash from investing3 Cr-44 Cr-13 Cr-3 Cr-22 Cr30 Cr-201 Cr-163 Cr9 Cr-71 Cr
Cash from financing1 Cr47 Cr-7 Cr-48 Cr-93 Cr-42 Cr133 Cr64 Cr-100 Cr38 Cr
Net cash flow12 Cr-34 Cr17 Cr14 Cr8 Cr18 Cr4 Cr-19 Cr-3 Cr-35 Cr
Free cash flow (OCF − Capex)-20 Cr-55 Cr23 Cr58 Cr116 Cr18 Cr60 Cr59 Cr50 Cr-135 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.4%2.5%3.6%15.1%3.4%13.6%8.7%13.2%14.2%14.3%
ROE %4.5%0.0%-2.8%9.3%-7.1%6.6%-1.5%5.5%11.4%9.8%
Debtor days64116929089877990107129
Inventory days11200787086161134156118113
Days payable150332136177187217153143113206
Cash conversion cycle-75-1634-17-12316110211237
OCF / EBITDA %23.1%-215.9%n.m.70.8%190.8%44.1%48.5%60.6%62.0%-0.8%
OCF / EBITDA % (3 years)——12.3%54.4%136.5%96.4%79.9%52.2%56.9%36.8%
Debt / equity0.280.470.460.390.170.150.930.410.290.38
Current ratio1.921.251.030.991.070.991.511.902.221.53
Net debt / EBITDA0.277.0511.820.84-0.02-0.321.641.400.961.46