AXISCADESCapital Goods

AXISCADES Technologies Limited

Aerospace & Defense · ISIN INE555B01013 · BSE 532395 · NSE EQ · FV ₹5
Last price
₹1,852
+9.96%today
What this company does

AXISCADES Technologies Limited operates in Aerospace & Defense, part of the Capital Goods sector. It booked ₹183 cr of revenue in its latest quarter (Q1 FY27) and kept -8.1% of sales as profit. It is the 7th largest of 9 Aerospace & Defense companies we track, by market value.

Their stated mission

to be the innovative products and many complex software systems of engineering partner of choice for next-generation solutions.

In the report:
25out of 100
Equitytale Health Score
Fragile

Healthier than 25% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
62

At close. Not part of the score.

Profitability & returns2

How much profit it earns on the money it employs

Balance sheet12

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation5

What today's price implies, against our models or its peers

Governance & risk70

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 58%
Watch-outs
! Currently loss-making
! Thin -8.1% net margin
! Sales down 25% vs last year
! 9.5% of promoter stake pledged
! Low -8.2% return on equity

What if I invest in AXISCADES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,852 +9.96%
latest close · 2026-09-17
1-year return
+2456.7%
52-wk low ₹6852-wk high ₹1,939
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio22.64High
Below bookModerateHigh
EV / EBITDA373.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-8.2%Loss
WeakFairStrong ▸15%
Return on capital1.1%Weak
WeakFairStrong
Net margin-8.1%Loss
ThinDecentStrong
EBITDA margin6.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover0.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.53Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹16,469 cr
Book value
₹82
EPS
₹-1.66
latest quarter
Net debt
₹259 cr
owes more than its cash
Enterprise value
₹16,728 cr
EBITDA
₹45 cr
annualised
EBIT
₹10 cr
annualised
Operating margin
1.3%
Return on assets
-4.0%
Earnings yield
P/S
22.46
Sales / share
₹82.5
Tax rate
Face value
₹5
Shares
8.9 cr
Working capital
₹288 cr
Current assets
₹831 cr
Current liabilities
₹543 cr
Delivery %
47.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹51₹102, midpoint ₹77

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹183 cr
Other Income₹3 cr
Total Income₹186 cr
Cost of Materials₹63 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹29 cr
Employee Benefit Expense₹48 cr
Finance Costs₹9 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹30 cr
Total Expenses₹192 cr
Profit before Tax₹-6 cr
Tax Expense₹60.7 L
Share of JV / Associates₹-1.8 L
Net Profit₹-15 cr
Net margin on total income-7.9%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹97 cr50.1%
Employee benefit expense₹48 cr25.0%
Finance costs₹9 cr4.6%
Depreciation & amortisation₹9 cr4.5%
Other expenses₹30 cr15.4%
Tax expense₹60.7 L0.3%
Total income ₹186 cr

The company made a net loss of ₹15 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue343 cr273 cr183 cr
Total income345 cr277 cr186 cr
Expenses298 cr263 cr192 cr
Profit before tax39 cr11 cr-6 cr
Tax11 cr10 cr60.7 L
Net profit (owners' share)28 cr42.6 L-15 cr
Net margin (owners' share, on revenue)8.1%0.2%-8.1%
EPS (₹)6.520.10-1.66
YoY (latest quarter): total income -26.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,466 cr
Shareholder equity
₹728 cr
parent shareholders
Total debt
₹276 cr
Cash
₹18 cr
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹21 cr
Financing
₹-52 cr
Peer comparison
Aerospace & Defense · by market value
CompanyPriceMarket capP/E
Hindustan Aeronautics Limited₹4,788₹3.20 L cr50.4
Bharat Electronics Limited₹395₹2.89 L cr68.7
Centum Electronics Limited₹4,343₹60,214 cr142.7
Bharat Dynamics Limited₹1,152₹42,224 cr88.9
Garden Reach Shipbuilders & Engineers Limited₹2,340₹26,803 cr38.8
Data Patterns (India) Limited₹4,411₹24,702 cr279.9
AXISCADES Technologies Limitedthis company₹1,852₹16,469 cr
Aequs Limited₹229₹15,380 cr
Astra Microwave Products Limited₹1,608₹15,265 cr309.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
9.5% pledged
Promoter
58.0%
FII / Foreign
1.4%
DII / Domestic
2.0%
Retail / others
38.5%
Promoter stake down 7.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtJupiter Capital Private Limited · Promoter1.00 L · ₹16.9 cr16 Sep 26
BoughtJupiter Capital Private Limited · Promoters1.50 L · ₹8.9 cr30 Sep 24
BoughtJupiter Capital Private Limited · Promoters1.00 L · ₹5.3 cr28 Jun 24
Bulk / block deals
short · NSE19329 Jul 26
short · NSE12016 Jul 26
short · NSE7014 Jul 26
Stake changes
SoldJupiter Capital Private Ltd→ 50.15% · 10.00 L30 Jun 26
SoldSBICAP Trustee Company Ltd→ 0.00% · 10.04 L12 Sep 25
BoughtCatalyst Trusteeship Limited→ 5.88% · 25.00 L10 Sep 25
Promoter pledges
PledgedTrustee : Catalyst Trusteeship ltd, Lender: JM Financial Credit Solutions Ltd1.00 L · 5.53% held7 Jul 26
ReleasedAditya Birla Capital Limited2.00 L · 6.00% held26 Jun 26
ReleasedTata Capital Limited86,000 · 6.20% held25 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
Adoption of Audited Financial Statements (Standalone & Consolidated)
Backed by 100% of shareholders other than promotersneeded 50%
4.86 L votes for, 503 against · 0% of mutual funds and other big investors said no
2
Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotation
Backed by 100% of shareholders other than promotersneeded 50%
4.86 L votes for, 503 against · 0% of mutual funds and other big investors said no
3
To appoint M/s. BMP & Co. LLP, Company Secretaries as Secretarial Auditors of the Company
Backed by 89% of shareholders other than promotersneeded 50%
4.35 L votes for, 51,270 against · 16% of mutual funds and other big investors said no
4
To appoint Dr. Sampath Ravinarayanan as Managing Director of the Company
Backed by 75% of shareholders other than promotersneeded 75%
3.67 L votes for, 1.19 L against · 37% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 58.0% between them · as of 2026-06-30
JUPITER CAPITAL PRIVATE LIMITED58.03%
INDIAN AERO VENTURES PRIVATE LIMITEDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Jan 2024 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.