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AXISCADES Technologies Ltd.
(AXISCADES)
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Rating:50Neutral
Price Target:
₹1,831.00
▲(13.95% Upside)
Action:Reiterated
Date:08/29/26
Overall score is held back primarily by weak FY2026 cash flow (negative operating and free cash flow), despite improved profitability and a healthier balance sheet versus FY2023. Technical indicators are largely neutral, offering limited support. A very high P/E multiple further pressures the score by leaving little room for operational or cash-conversion setbacks.
Positive Factors
Steady Revenue Growth
Revenue has expanded across four fiscal years, indicating continued demand for AXISCADES’ engineering and technology services. Sustained top-line growth supports broader customer engagement, provides a base for operating leverage, and helps fund future capability development over the next several quarters.
Negative Factors
Sharp Cash Flow Deterioration
The reversal to negative operating and free cash flow weakens the quality of reported earnings and reduces internally generated funding. If the deterioration persists, AXISCADES may have less flexibility to invest, service obligations, or absorb execution challenges despite its return to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Revenue has expanded across four fiscal years, indicating continued demand for AXISCADES’ engineering and technology services. Sustained top-line growth supports broader customer engagement, provides a base for operating leverage, and helps fund future capability development over the next several quarters.
Read all positive factors
AXISCADES Technologies Ltd. (AXISCADES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹77.88B
Dividend YieldN/A
Average Volume (3M)9.54K
Price to Earnings (P/E)214.0
Beta (1Y)1.14
Revenue Growth4.54%
EPS Growth-53.90%
CountryIN
Employees3,131
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)8.55
Shares Outstanding42,533,490
10 Day Avg. Volume12,427
30 Day Avg. Volume9,537
Financial Highlights & Ratios
PEG Ratio-20.06
Price to Book (P/B)8.85
Price to Sales (P/S)5.55
P/FCF Ratio-42.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)38.5
Revenue Forecast (FY)₹13.21B
AXISCADES Technologies Ltd. Business Overview & Revenue Model
Company Description
Axiscades Technologies Limited is an international firm specializing in integrated engineering, product design, and research and development services, operating across Europe, North America, and the Asia-Pacific regions. The company provides an ex...
How the Company Makes Money
AXISCADES primarily makes money by providing engineering services to enterprise customers under contract-based engagements. Revenue is largely generated through (a) time-and-materials (T&M) billing where customers pay for engineering effort based ...
AXISCADES Technologies Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.99B | 11.59B | 10.31B | 9.55B | 8.14B | 6.08B |
| Gross Profit | 5.94B | 3.22B | 8.17B | 7.70B | 5.94B | 4.89B |
| EBITDA | 1.53B | 1.78B | 1.59B | 1.43B | 800.20M | 779.99M |
| Net Income | 363.37M | 719.18M | 749.39M | 328.08M | -52.33M | 222.33M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 14.66B | 11.27B | 11.39B | 9.04B | 7.94B |
| Cash, Cash Equivalents and Short-Term Investments | 497.78M | 497.78M | 2.18B | 1.68B | 1.29B | 775.14M |
| Total Debt | 0.00 | 3.88B | 2.58B | 3.19B | 3.46B | 720.57M |
| Total Liabilities | -7.34B | 7.32B | 4.71B | 5.47B | 5.61B | 4.58B |
| Stockholders Equity | 7.34B | 7.28B | 6.49B | 5.85B | 3.38B | 3.31B |
Cash Flow | ||||||
| Free Cash Flow | -124.59M | -1.53B | 504.47M | 585.83M | 597.55M | 175.61M |
| Operating Cash Flow | 136.10M | -181.56M | 883.42M | 789.34M | 706.37M | 311.78M |
| Investing Cash Flow | 208.21M | -757.17M | 86.37M | -1.63B | -2.01B | 295.80M |
| Financing Cash Flow | -519.35M | 594.35M | -995.28M | 638.82M | 1.33B | -423.01M |
AXISCADES Technologies Ltd. Technical Analysis
Positive
1606.85
Price Trends
1612.02
Positive
1765.60
Positive
1581.67
Positive
Market Momentum
66.81
Negative
65.86
Neutral
76.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AXISCADES, the sentiment is Positive. The current price of 1606.85 is below the 20-day moving average (MA) of 1679.02, below the 50-day MA of 1612.02, and above the 200-day MA of 1581.67, indicating a bullish trend. The MACD of 66.81 indicates Negative momentum. The RSI at 65.86 is Neutral, neither overbought nor oversold. The STOCH value of 76.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AXISCADES.
AXISCADES Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹151.30B | 19.32 | ― | 1.67% | 16.30% | 41.66% | |
72 Outperform | ₹100.49B | 24.18 | ― | 3.80% | 10.62% | 8.14% | |
62 Neutral | ₹5.39T | 30.15 | ― | 0.97% | 9.78% | 13.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹77.88B | 214.04 | ― | ― | 4.54% | -53.90% | |
49 Neutral | ₹106.47B | 20.35 | ― | 1.94% | -9.92% | -21.60% | |
49 Neutral | ₹108.20B | 19.52 | ― | 1.35% | 5.14% | -9.35% |
* General Sector Average
IN:AXISCADES
AXISCADES Technologies Ltd.
1,831.10
228.40
14.25%
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3,915.00
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10.26%
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-21.50%
AXISCADES Technologies Ltd. Corporate Events
AXISCADES buys Cloud Wave to turbocharge aerospace manufacturing push
Aug 30, 2026
AXISCADES Technologies has approved the acquisition of a majority stake in Bengaluru-based Cloud Wave Technologies at an enterprise valuation of about INR 260 crore, subject to final adjustments. The deal immediately adds precision manufacturing c...
AXISCADES Schedules Bengaluru Meet with Institutional Investors
Jul 12, 2026
AXISCADES Technologies has announced that its representatives will meet institutional investors and fund managers in a group meeting scheduled in Bengaluru on 15 July 2026. The company has clarified that the meeting will adhere to regulatory requi...
AXISCADES appoints seasoned finance executive Abhay Maheshwari as non-executive director
Jun 29, 2026
AXISCADES Technologies Ltd. has appointed finance executive Abhay Maheshwari as an Additional Director in the category of Non-Executive, Non-Independent Director, effective June 29, 2026, subject to shareholder approval. Maheshwari, a Chartered Ac...
AXISCADES settles board-composition fines and restores regulatory compliance
Jun 29, 2026
AXISCADES Technologies Ltd. has informed the stock exchanges that it has paid fines imposed by the National Stock Exchange of India and BSE for non-compliance related to the composition of its board of directors. The company stated that the board ...
AXISCADES Publishes Postal Ballot Notice to Meet SEBI Disclosure Norms
Jun 28, 2026
AXISCADES Technologies Ltd disclosed that it has published a postal ballot notice in leading English and regional language newspapers, in line with regulatory requirements for listed entities. The move underscores the company’s compliance wi...
AXISCADES Closes Trading Window Ahead of June-Quarter Results
Jun 28, 2026
AXISCADES Technologies Ltd. has announced that its trading window for company shares will be closed for designated persons and their immediate relatives from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations. The w...
AXISCADES Issues Revised Q4 FY26 Earnings Webinar Transcript Amid Strategic Shift
Jun 18, 2026
AXISCADES Technologies has submitted an updated transcript of its Q4 and FY26 earnings webinar after identifying that portions of the earlier version had been editorially abbreviated. The company said the revisions do not change the substance of m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.