ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | 42% YoY growth driven by defense and semiconductor (Zeda) segments. |
|---|---|
| Margins | Normalized EBITDA at 11.8%; engineering services divestment boosts long-term profile. |
| Order book | Defense visibility at 4,500 Cr+ over next few years. |
| Demand visibility | Strong visibility in Defense and Semiconductor equipment sectors. |
| Management confidence | Over-optimistic, pivoting to accounting-normalized numbers to hide reported net loss. |
Growth
Consolidated revenue grew 42% YoY to 346 Cr, heavily assisted by one-time recovery of deferred revenues.
Outlook
Targeting 1,377 Cr revenue and 270 Cr EBITDA for FY27 on normalized basis.
Risks
High finance costs (72% of EBITDA), persistent losses in non-core European units, and reliance on lumpy defense orders.
Last quarter's promises, checked
Delivered
- Divest Phase 1 engineering services → Signed definitive agreement May 2026 (= BEAT)
- Revenue FY26 1,159 Cr → Delivered 1,159 Cr (+12.4% YoY) (= BEAT)
- EBITDA FY26 178 Cr → Delivered 178 Cr (+24.6% YoY) (= BEAT)
Partly delivered
- Phase 2 disinvestment → Delayed but remains a priority for H1 FY27 (= PARTIAL)
- Operationalizing DAL/MAC facilities → Construction ongoing, scheduled for FY27 (= PARTIAL)
Missed
- EBITDA expectation ~215 Cr → Delivered 178 Cr (= MISS)
- PAT expectation ~110 Cr → Delivered 72 Cr (= MISS)
- Q4 Revenue recognition → 142 Cr deferred due to supply chain/supplier issues (= MISS)
Earnings Call Transcript filed with NSE, NSE: AXISCADES. Summary written with AI assistance from the document.
AXISCADES Technologies Ltd: key numbers
- Share price
- ₹1,926.90
- Market cap
- ₹8,242 Cr
- Revenue (annual)
- ₹1,159 Cr
- Net profit (annual)
- ₹71.92 Cr
- P/E (TTM)
- 226.8×Sector 51.9×
- Promoter holding
- 44.82%-13.21% QoQ
- FII holding
- 1.57%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from AXISCADES Technologies Ltd
All →AXISCADES Technologies Board Meeting Date
Axiscades Technologies will hold a board meeting on 13 November 2026 to approve unaudited Q2 and H1 results. The trading window stays closed until 15 November 2026.
AXISCADES Technologies Merger & Restructuring
AXISCADES Technologies disclosed that its step-down subsidiary Ulosia Holding AG incorporated AKKODIS AXISCADES AEROSPACE CANADA INC. in Canada. No cash was invested by the listed entity, and no value is stated.
AXISCADES Technologies Employee Stock Options
AXISCADES Technologies granted 2,46,340 stock options to eligible employees under its ESOP 2018 Series 1 and 2 scheme. The exercise price is Rs.1,440 per share, with an 8-year exercise period.
AXISCADES Technologies Other Announcement
Axiscades Technologies Ltd has filed its quarterly shareholding pattern for the period ended 30 September 2026. This disclosure is a routine regulatory compliance requirement.
AXISCADES Technologies Merger & Restructuring Worth ₹0.01 Cr
AXISCADES Technologies incorporated a wholly-owned subsidiary, Xponential Space Private Limited, for space and aerospace technology, with an initial investment of Rs. 1 Lakh.
- Value
- ₹0.01 Cr
AXISCADES Technologies Management Change
AXISCADES Technologies appointed Mr. Uttam Kumar Bhageria as CFO-Designate, effective October 21, 2026. He will succeed retiring CFO Shashidhar SK starting January 1, 2027.