AXISCADES Technologies Ltd. (AXISCADES) AI Stock Analysis

• Market Cap: ₹52.49B
• Dividend Yield: N/A
• Average Volume (3M): 24.16K
• Price to Earnings (P/E): 56.1
• Beta (1Y): 1.54
• Revenue Growth: 11.17%
• EPS Growth: 90.62%
• Country: IN
• Employees: 3,131
• Sector: Technology
• Sector Strength: 88
• Industry: Engineering & Construction
• EPS (TTM): 2.90
• Shares Outstanding: 42,517,387
• 10 Day Avg. Volume: 10,929
• 30 Day Avg. Volume: 24,157
• PEG Ratio: 0.45
• Price to Book (P/B): 5.75
• Price to Sales (P/S): 3.62
• P/FCF Ratio: 73.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹1,289.00 ▼(-6.22% Downside)

AXISCADES Technologies Ltd. receives a moderate overall stock score. The company's strong financial performance, with consistent revenue and profit growth, is a key strength. However, technical analysis shows mixed signals, and the high P/E ratio raises concerns about overvaluation. The absence of a dividend yield further impacts the valuation score. No earnings call or corporate events data were available to influence the score.

Positive Factors

Recurring & diversified services revenue

AXISCADES' revenue mix (time-and-materials, fixed-price, managed services) and multi-month/ multi-year engagements create recurring, contract-driven cash flows. This durable revenue structure supports predictability, utilization management and long-term client relationships across industries.

Robust margins and improving profitability

High gross margins and a material improvement in net margin reflect pricing power and improved cost management. Sustained margins increase internal funding for R&D and working capital, supporting scalable service delivery and resilience to cyclical revenue swings over months.

Solid balance sheet and manageable leverage

A strong equity base, moderate debt levels and rising ROE indicate financial stability and capital efficiency. Manageable leverage lowers refinancing risk and provides capacity for selective investments or bidding on larger programs without materially increasing financial stress.

Negative Factors

Declining free cash flow

A 13.9% fall in free cash flow and variability in investing/financing activity reduce internal flexibility for capex, working capital or shareholder returns. If the FCF trend continues, the company may need external funding or cut discretionary investments, affecting long-term execution.

Rising total liabilities

An increase in total liabilities raises the company's fixed obligations and potential interest or covenant pressure. Coupled with FCF weakness, higher liabilities can constrain liquidity and strategic options, increasing vulnerability to slower contract renewals or project delays.

Program/customer concentration risk

Revenue dependence on program-driven engagements and renewals creates concentration risk: loss or non-renewal of a major program can materially impact utilization and revenue. Long sales cycles and program timing make near-term recovery of lost volumes difficult.

AXISCADES Technologies Ltd. Business Overview & Revenue Model

Company Description

Axiscades Technologies Limited provides product design, engineering, and research and development solutions in Europe, North America, and the Asia Pacific. The company offers mechanical and electrical engineering solutions, such as product design and definition, 3D CAD modeling, simulation and analysis, value engineering, harness design and routing, optimization, etc. electronics and embedded systems, including hardware and software engineering, application S/W and mobile apps development, avionics, control systems, telematics, autonomous mobility, test solutions, system integration, simulators, etc.; and manufacturing solutions comprising virtual manufacturing, 3D facility layout design and transformation, assembly process and capacity planning, prototyping and production support, quality and supply chain support, manufacturing execution systems, shop floor automation, industrial internet of things (IIoT), non-conformance, engineering, tool and mold design, etc. It also provides digital solutions, such as enterprise systems integration, artificial intelligence, machine learning, augmented/virtual reality, IoT, advanced analytics, etc.; business consulting services, including product throughput and productivity, business process design, etc.; and aftermarket solutions comprising repair, modifications/upgradation and life extension, obsolescence management, technical publication, platform migration, reverse engineering, etc. In addition, the company provides integration services for defense and offsets businesses. It serves aerospace, defense and homeland security, automotive, heavy engineering, automotive, industrial production, energy, semiconductor, and medical and healthcare sectors under the AXISCADES brand. The company was formerly known as AXISCADES Engineering Technologies Limited and changed its name to Axiscades Technologies Limited in November 2020. Axiscades Technologies Limited was incorporated in 1990 and is headquartered in Bengaluru, India.

How the Company Makes Money

AXISCADES generates revenue primarily through its engineering services, which encompass consulting, project management, and technical support across various industries. The company operates on a project-based model, charging clients for specific services rendered and solutions provided. Key revenue streams include long-term contracts with major clients in the aerospace and defense sectors, which provide stable income, as well as one-time project fees from automotive and industrial clients. Strategic partnerships with technology firms and collaborations with government agencies further enhance its service offerings and market reach, contributing to consistent revenue growth.

AXISCADES Technologies Ltd. Financial Statement Overview

Summary

AXISCADES Technologies Ltd. presents a strong financial profile with consistent revenue and profit growth, solid profit margins, and a stable balance sheet. The company manages leverage well, maintaining a reasonable debt-to-equity ratio and a strong equity position. Cash flows are generally positive, though attention should be paid to free cash flow trends. While there are areas to watch, such as increasing liabilities and free cash flow fluctuations, the financial statements indicate a well-managed company poised for growth.

Income Statement

AXISCADES Technologies Ltd. shows a strong income statement with consistent revenue growth and solid profit margins. The gross profit margin has been robust, reaching approximately 79.3% for the latest year. Net profit margin has seen significant improvement, rising to 7.3% from 3.4% in the previous year, indicating better cost management and operational efficiency. Revenue growth was notable at 7.9% year-over-year, although the EBIT margin slightly decreased to 10.0% from 10.4%. Overall, the income statement reflects a positive growth trajectory with stable profitability.

Balance Sheet

The balance sheet of AXISCADES Technologies Ltd. is moderately strong, with a healthy equity ratio of 57.6%, indicating solid asset backing. The debt-to-equity ratio stands at 0.40, which is reasonable and suggests manageable leverage levels. Return on equity has improved significantly to 11.5% from 5.6%, showcasing enhanced profitability. However, total liabilities have increased, which could pose potential risks if not managed carefully. The company's equity base has grown, reflecting positive financial health.

Cash Flow

AXISCADES Technologies Ltd. demonstrates stable cash flow management. The operating cash flow to net income ratio is strong, indicating effective conversion of net income into cash. However, free cash flow decreased by 13.9% year-over-year, which might be a concern if this trend continues. The free cash flow to net income ratio remains positive, highlighting the company's ability to generate cash beyond expenses. Nonetheless, fluctuating investing and financing cash flows suggest potential volatility in future cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.51B	10.31B	9.55B	8.14B	6.08B	5.17B
Gross Profit	6.91B	8.17B	7.70B	5.94B	4.89B	4.16B
EBITDA	1.63B	1.59B	1.43B	800.20M	779.99M	377.21M
Net Income	786.20M	749.39M	328.08M	-52.33M	222.33M	-216.64M
Balance Sheet
Total Assets	0.00	11.27B	11.39B	9.04B	7.94B	7.42B
Cash, Cash Equivalents and Short-Term Investments	1.42B	2.18B	1.68B	1.29B	775.14M	898.99M
Total Debt	0.00	2.58B	3.19B	3.46B	720.57M	1.04B
Total Liabilities	-6.56B	4.71B	5.47B	5.61B	4.58B	4.39B
Stockholders Equity	6.56B	6.49B	5.85B	3.38B	3.31B	2.99B
Cash Flow
Free Cash Flow	0.00	504.47M	585.83M	597.55M	175.61M	1.16B
Operating Cash Flow	0.00	883.42M	789.34M	706.37M	311.78M	1.22B
Investing Cash Flow	0.00	86.37M	-1.63B	-2.01B	295.80M	-217.72M
Financing Cash Flow	0.00	-995.28M	638.82M	1.33B	-423.01M	-929.38M

AXISCADES Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1374.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AXISCADES, the sentiment is Negative. The current price of 1374.55 is above the 20-day moving average (MA) of 1229.83, above the 50-day MA of 1300.95, and above the 200-day MA of 1315.27, indicating a bearish trend. The MACD of -43.19 indicates Negative momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 69.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AXISCADES.

AXISCADES Technologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKIL	67 Neutral	₹43.78B	11.19	―	0.67%	13.96%	12.91%
WELENT	63 Neutral	₹66.14B	21.88	―	0.58%	9.11%	16.30%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MANINFRA	61 Neutral	₹47.55B	16.45	―	1.03%	-21.85%	-1.63%
AXISCADES	59 Neutral	₹52.49B	56.07	―	―	11.17%	90.62%
PNCINFRA	57 Neutral	₹58.27B	7.25	―	0.23%	-30.54%	-35.13%
HCC	45 Neutral	₹51.97B	28.41	―	―	-31.50%	-74.38%

AXISCADES Technologies Ltd. Corporate Events

AXISCADES Strikes OGMA Partnership to Boost Global Aerospace and Defence MRO Footprint

AXISCADES Technologies has entered into a strategic partnership with OGMA – Indústria Aeronáutica de Portugal, a subsidiary of Embraer, to jointly deliver aerospace manufacturing, MRO, airframe engineering and certification services for Embraer and other manufacturers’ aircraft fleets in India and key international markets. The alliance combines AXISCADES’ engineering and defence technology capabilities with OGMA’s century-old airframe and engine MRO expertise, leverages OGMA’s relationships with major OEMs including Embraer, Airbus Defence, Rolls-Royce and Pratt & Whitney, and aligns with AXISCADES’ ongoing development of a large integrated aerospace and defence manufacturing and MRO hub near Bengaluru airport, strengthening indigenous MRO competencies and bolstering its position as a key player in high-growth regional aerospace markets while supporting India’s self-reliance goals.

AXISCADES Subsidiary Wins ₹100-Crore Defence Electronics Order from BEL

AXISCADES Technologies’ subsidiary, Mistral Solutions Private Limited, has secured a domestic supply order from defence PSU Bharat Electronics Ltd, under the Ministry of Defence, to deliver Signal and Data Processing Units along with associated spares over a two-year period. The contract, estimated at around ₹100 crore, underscores AXISCADES’ strengthening position in India’s defence electronics supply chain and is expected to enhance the company’s revenue visibility and deepen its strategic relationship with a key government customer, with no related-party implications disclosed.

AXISCADES Wins ₹100 Crore Defence Radar Subsystem Deal for DRDO-BEL Ashwini Programme

AXISCADES Technologies, via its subsidiary Mistral Solutions, has secured an order worth around ₹100 crore to supply state-of-the-art liquid-cooled Signal and Data Processing Units and associated spares for the DRDO- and BEL-developed Ashwini Low-Level Transportable Radar programme. The two-year contract strengthens revenue visibility, enhances Mistral’s role in India’s low-altitude surveillance capability against UAVs, helicopters and fighter jets, and reinforces the group’s positioning as a key domestic provider of high-margin embedded defence electronics with improved access to future DRDO/BEL opportunities.

AXISCADES Reports Financial Results and Expands with New Facility

AXISCADES Technologies Limited announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2025. Additionally, the company has secured a provisional allotment for land in Telangana to establish a Defense and Engineering Complex, indicating a strategic expansion in its operations.

AXISCADES Technologies Expands with New Defense Complex and Reports Financial Results

AXISCADES Technologies Ltd. announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2025, during a recent board meeting. Additionally, the company has received a provisional allotment letter for a plot at Telangana State Industrial Infrastructure Corporation Hardware Park Phase II, where it plans to establish a Defense and Engineering Complex, signaling a strategic expansion in its operations.