Axiscades Technologies Ltd
NSE:AXISCADES
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Axiscades Technologies Ltd
NSE:AXISCADES
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Axiscades Technologies Ltd
AXISCADES Technologies Ltd. engages in the provision of engineering design services. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2000-10-18. The firm offers end to end processes, such as planning, design, prototyping and other. The firm operates through two segments: Engineering design service and Strategic technology solutions. The Engineering design segment is involved in the activities of providing product design, engineering, research and development services. The Strategic technology solutions segment is engaged in providing integration services for defense and offsets business. This segment includes partnering with many original equipment manufacturers (OEM's) in the areas of strategic electronics, avionics, radar data processing and electronic warfare and other.
AXISCADES Technologies Ltd. engages in the provision of engineering design services. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2000-10-18. The firm offers end to end processes, such as planning, design, prototyping and other. The firm operates through two segments: Engineering design service and Strategic technology solutions. The Engineering design segment is involved in the activities of providing product design, engineering, research and development services. The Strategic technology solutions segment is engaged in providing integration services for defense and offsets business. This segment includes partnering with many original equipment manufacturers (OEM's) in the areas of strategic electronics, avionics, radar data processing and electronic warfare and other.
Strong Revenue Growth: Q3 revenue rose to INR 343 crores, up 25% year-on-year and 14.8% sequentially, driven by strong momentum in core domains.
Margin Expansion: EBITDA for Q3 reached INR 63 crores, with a record margin of 18.3% (up 360 bps YoY). For 9 months, EBITDA margin improved to 16.2%.
Profit Surge: Q3 reported PAT grew 87% YoY to INR 28 crores (8% margin); adjusted PAT was INR 35 crores (10.3% margin). 9-month adjusted PAT already exceeded full FY '25.
Core Domain Strength: Aerospace, defense, and ESAI accounted for 78% of revenue and grew 36% YoY. Company is shifting mix further to products/solutions.
Guidance Maintained: Management reaffirmed 40%+ core business growth in FY '26 and FY '27, with 40–50% annual EPS growth targeted and no change to guidance.
Strategic Shift: Ongoing transition from services to higher-margin products/solutions, aiming to reach a 61:39 mix in favor of products/solutions by FY '27.
Robust Pipeline: Current forecast visibility at INR 3,400 crores, with total pipeline at INR 14,000 crores and a 50–60% conversion ratio expected.
Facility & CapEx Update: Major facilities (DAL, DAC, MAC) are operational or progressing, supporting advanced manufacturing in defense, radar, and ESAI.
EPS & EBITDA Outlook: FY '26 EPS expected around INR 25–26, with 45% EBITDA growth targeted for next year.
Noncore Divestment: Noncore business divestment remains on track for completion by March-end.
