532395
Axiscades Technologies Ltd
BSELast Traded Price
₹1594.00
-19.65 (-1.22%)
Open
₹1613.95
High
₹1645.25
Low
₹1584.60
Prev Close
₹1613.65
Industry
Capital Goods
Market Cap
6,779.84 Cr
Filing History
Recent corporate announcements and filings for 532395
Business Update
Positive
2026-08-28 19:10
- AXISCADES Technologies Limited approved the acquisition of 90% equity share capital of Cloud Wave Technologies Private Limited for approximately ₹234 Crores.
- Cloud Wave is a Bengaluru-based precision engineering and manufacturing company, with an audited turnover of ₹107.78 Cr for FY 25-26.
- The acquisition is a strategic step towards transitioning from an engineering-services-led model to aerospace manufacturing, aiming to offer integrated solutions and is expected to be earnings accretive.
- The acquisition of 90% shareholding is targeted for completion by September 30, 2026.
Business Update
Neutral
2026-08-27 16:44
- Concall/Meeting Schedule
- Meeting Date: September 1, 2026
- Event: Ashwamedh Elara India Dialogue 2026 (Group meeting in Mumbai)
- No unpublished price sensitive information will be shared.
Business Update
Positive
2026-08-20 17:14
- Q1 FY27 consolidated revenue was ₹346 Cr (▲42% YoY, ▲27% QoQ), reporting a net loss of ₹14.8 Cr due to transitional accounting for divestment. Normalized Q1 PAT for continuing operations was ₹20.2 Cr.
- FY27 guidance for continuing operations: annualized pro forma revenue of ₹1,377 Cr, EBITDA of ₹270 Cr, and PAT of ~₹135 Cr (50% of EBITDA).
- Expects Q2, Q3, Q4 to ramp up significantly with acquisitions and divestment closings. An extraordinary gain of ₹1,255 Cr from divestment is expected to be recorded in P&L in Q2/early Q3.
- Acquisitions: Aerospace acquisition (AS9100 certified) expected by Q2 FY27 (adding ₹180 Cr revenue, ₹39 Cr EBITDA annually). XiDA acquisition by Q2 FY27. Multiple other acquisitions are in the pipeline for Q3/Q4.
- Divestment of loss-making, non-core ADD Solutions (European unit) is targeted by Q4 FY27.
- Defense business forecast visibility of ₹4,557 Cr (to be executed by FY30), with FY27 revenue growth expected >75% YoY. The defense pipeline exceeds ₹24,000 Cr.
- ESAI/XiDA business expected to grow >100% this year.
- New manufacturing facilities (Devanahalli AeroLand/Atmanirbhar Complexes, Missile Atmanirbhar Complex in Hyderabad) are being commissioned/constructed. Strategic partnerships for the space business will be announced in Q3.
Business Update
Neutral
2026-08-14 09:06
- The audio recording of the Earnings Webinar for Q1 FY27, held on August 13, 2026, with Investors/Analysts is now available on the company's website.
Financials
Positive
2026-08-13 19:06
- Q1 FY27 Consolidated Revenue ₹346.6Cr vs ₹243.7Cr (▲42.2% YoY)
- Reported EBITDA ₹27.9Cr vs ₹34.1Cr (▼18.1% YoY)
- PAT ₹(14.8)Cr vs ₹20.9Cr (n.m. YoY)
- Reported EBITDA Margin 8.1% vs 14.0% (▼590bps)
Financials
Positive
2026-08-13 17:02
- Q1 FY27 Consolidated Revenue ₹346.6Cr vs ₹243.7Cr (▲42.2% YoY)
- Normalised EBITDA ₹41.0Cr vs ₹34.1Cr (▲20.5% YoY)
- Normalised PAT ₹20.2Cr vs ₹20.9Cr (▼3.3% YoY)
- Normalised EBITDA Margin 11.8% vs 14.0% (▼214bps)
Financials
Negative
2026-08-13 15:42
- Q1 FY27 Consolidated Revenue ₹346.60 Cr vs ₹243.71 Cr (▲42.22% YoY)
- EBITDA ₹6.08 Cr vs ₹34.06 Cr (▼82.14% YoY)
- PAT ₹(14.76) Cr vs ₹20.86 Cr (▼170.85% YoY)
- EBITDA Margin 9.16% vs 18.32% (▼916bps)
Financials
Negative
2026-08-13 15:39
- Q1 FY27 Consolidated Revenue from Operations ₹18,335.08 lakhs vs ₹9,442.90 lakhs (▲94.17% YoY)
- Consolidated EBITDA (Continuing Operations) ₹867.19 lakhs vs ₹679.85 lakhs (▲27.56% YoY)
- Consolidated Net Profit (PAT) ₹(1,475.96) lakhs vs ₹2,086.00 lakhs (Moved from Profit to Loss YoY)
- Consolidated EBITDA Margin (Continuing Operations) 4.73% vs 7.20% (▼247bps)
- The Board approved the appointment of M/s. Protiviti India Member Private Limited as Internal Auditor for FY 2026-27.
- Reconstitution of various Board Committees including Audit, Nomination & Remuneration, Stakeholder Relationship, and Risk Management Committees was approved.
- The company recognized significant losses from discontinued operations and transaction-related fees for the disposal of businesses.
Governance
Neutral
2026-08-11 20:28
CRITICAL RED FLAG DETECTED
- Mrs. Mariam Mathew resigned as Independent Director due to family commitments, effective August 11, 2026.
- Ms. Ashmita Sethi was appointed as an Additional Independent Director for a 3-year term, effective August 11, 2026.
- Ms. Sethi has over 25 years of aerospace & defence experience, including leadership roles at Pratt & Whitney, Boeing, and Rolls-Royce.
Business Update
Neutral
2026-08-10 20:57
- Concall Schedule
- Concall Date: Thursday, August 13, 2026
- Concall Time: 05:30 PM (IST) to 06:30 PM (IST)
- The webinar is for unaudited financial results for Q1FY27 and company updates.
Governance
Neutral
2026-08-10 20:50
- Board Meeting on August 13, 2026, to approve un-audited financial results for the quarter ended June 30, 2026.
- Trading window closed from July 01, 2026, to August 15, 2026.
Business Update
Neutral
2026-08-08 16:59
- Concall Schedule
- Concall Date: August 10, 2026
Governance
Neutral
2026-07-28 13:35
- AXISCADES Technologies Limited announced the successful passing of all resolutions in its Postal Ballot through remote e-voting.
- Resolutions approved included the transfer of engineering services business segments via slump sale and related party transactions with new subsidiaries.
- The e-voting concluded on July 27, 2026.
Business Update
Positive
2026-07-24 12:02
- AXISCADES Technologies Limited completed the acquisition of a 32,847 Sq. Mts land/plot from Telangana State Industrial Infrastructure Corporation (TSIIC).
- The land, located at IP Hardware Park Phase II, Telangana, was acquired for a total consideration of ₹39,41,64,000.
- The purpose of acquisition is to set up a unit for manufacturing “Defence Hardware Manufacturing & Article integration unit”.
Ownership
Neutral
2026-07-17 21:05
- Allotment of 2,500 Equity Shares under "AXISCADES ESOP 2018 – Series 2" on July 17, 2026.
- Paid-up share capital increased from ₹21,26,54,945 (4,25,30,989 shares) to ₹21,26,67,445 (4,25,33,489 shares).
- The shares were issued at an exercise price of ₹52.65 per share.
Business Update
Neutral
2026-07-12 17:31
- Concall Schedule
- Concall Date: 15th July 2026
- Interaction Type: Group meeting with Institutional Investors/Fund Managers in Bengaluru
Ownership
Negative
2026-07-08 13:06
- Jupiter Capital Private Limited, a promoter of AXISCADES Technologies Limited, pledged 1,00,000 equity shares (0.23% of total capital) on July 7, 2026.
- Total encumbered shares by the promoter now stand at 24,51,000 (5.76% of the company's total share capital).
Ownership
Neutral
2026-07-01 15:25
- Jupiter Capital Private Limited sold 10,00,000 equity shares of AXISCADES Technologies Limited on June 30, 2026, through BSE Limited.
- Post-sale, Jupiter Capital's shareholding decreased from 52.50% to 50.15% of the total share capital.
Governance
Neutral
2026-06-30 18:26
- Board approved the reconstitution of the Nomination and Remuneration Committee.
- Mr. Abhay Maheshwari has been appointed as an additional member of the committee.
- The appointment is effective from July 01, 2026.
Governance
Negative
2026-06-29 14:17
CRITICAL RED FLAG DETECTED
- AXISCADES Technologies Limited was fined ₹495,600 (inclusive of GST) by NSE and BSE for non-compliance with SEBI Listing Regulations 17(1) concerning Board composition (failure to appoint woman director) for Q31-Mar-2026.
- The company has paid the fine and regularized Board composition on March 26, 2026.
- The Board noted these details on June 29, 2026.
Governance
Positive
2026-06-29 14:13
- Appointment of Mr. Abhay Maheshwari (DIN: 08004819) as an Additional Director (Non-Executive, Non-Independent) w.e.f. June 29, 2026.- Mr. Maheshwari is a seasoned finance executive and IIM Indore alumnus with 18 years of strategic and operational experience.
Ownership
Positive
2026-06-29 14:12
- Jupiter Capital Private Limited disclosed the release of 2,00,000 equity shares of AXISCADES Technologies Limited.
- Shares were previously pledged in favor of Aditya Birla Capital Limited.
- Event dated June 26, 2026, disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Ownership
Neutral
2026-06-28 12:59
- Trading window closed from July 01, 2026, until 48 hours after declaration of unaudited financial results for the quarter ended June 30, 2026.
- The closure is for designated persons and their immediate relatives under SEBI (Prohibition of Insider Trading) Regulations.
Business Update
Positive
2026-06-27 14:00
- Shareholders to vote on strategic business transfers and divestments via postal ballot.
- Approval sought for divesting shareholding in material subsidiaries for up to USD 206.30 million, including an earnout.
- E-voting from June 28, 2026 to July 27, 2026.
Ownership
Positive
2026-06-27 12:55
- Jupiter Capital Private Limited, a promoter of AXISCADES Technologies Limited, disclosed the release of 86,000 equity shares (0.20% of total capital) previously pledged to Tata Capital Limited as security.
- This reduces the promoter's encumbered holding from 6.20% to 6.00% post-event.
- The release occurred on June 25, 2026.
Ownership
Positive
2026-06-25 09:59
- Jupiter Capital Private Limited, promoter of AXISCADES Technologies, disclosed the release of 4,50,000 equity shares from encumbrance.
- Post-release, the promoter's encumbered shares are 26,37,000, representing 6.20% of total share capital.
- The shares were released from a pledge with JM Financial Credit Solutions Limited.
Business Update
Negative
2026-06-23 21:37
CRITICAL RED FLAG DETECTED
- CARE Ratings placed AXISCADES Technologies Limited's long-term (₹21 Cr) and long/short-term (₹80 Cr) bank facilities on 'Rating Watch with Developing Implications'.
- This review is consequent to the divestment of its 'Engineering Services' business.
Ownership
Positive
2026-06-19 17:40
- Jupiter Capital Private Limited (Promoter) released 2,50,000 pledged equity shares of AXISCADES Technologies Limited.
- The shares were released on June 18, 2026, from Trustee Catalyst Trusteeship Limited, where JM Financial Credit Solutions Limited was the lender.
- Post-release, the promoter's encumbered shareholding reduced from 7.85% to 7.26% of total share capital.
Business Update
Positive
2026-06-18 19:46
- AXISCADES reiterates its Power 930 roadmap, targeting ₹9,000 Cr revenue or ₹960 Cr PAT by FY2030, aiming for a 10x scale-up through manufacturing-led solutions.
- FY26 saw strategic transition with full-year revenue growth of 12.4% and EBITDA growth of 24.6%, with EBITDA margin expanding by 150 bps to 15.3%.
- Q4 FY26 revenue deferment of ₹142 Cr (with >₹40 Cr EBITDA impact) was a timing issue, not demand erosion; orders are intact for Q1-Q2 FY27 recognition.
- Company is divesting non-core businesses for USD $30.63 million (expected extraordinary gain of ~₹175 Cr in Q2 FY27), sharpening focus on high-margin aerospace, defense, space, and deep tech AI.
- FY27 revenue visibility is trending towards ₹1,377 Cr (▲52% growth on retained business base), comprising deferred Q4 revenue, existing orders, and acquisition-linked visibility.
- Core verticals (aerospace, defense, ESAI) have average EBITDA margins of 20%+, targeting an improvement of 150-200 bps in FY27, with a long-term saturation around 25-27%.
- Capex of ₹1,550-₹1,600 Cr for new facilities and ~₹600 Cr for four strategic acquisitions (2 ESAI, 2 aerospace) are planned to be entirely self-funded without equity dilution or incremental long-term debt.
Business Update
Positive
2026-06-12 15:13
- AXISCADES announced the strategic divestment of its Aerospace Engineering Services business to Akkodis.
- Akkodis will acquire a 51% controlling interest, with Tranche 1 closing expected in Q3 FY27 (Oct-Dec 2026).
- This move transforms AXISCADES into a proprietary products and IP-focused manufacturing platform, fully funding its Power 930 growth plan (₹9,000Cr revenue and ₹960Cr PAT by FY2030) and establishing a new Space division.
Business Update
Positive
2026-06-12 15:09
- AXISCADES Technologies Limited (ATL) approved the transfer and divestment of its "Engineering Services" business in the Aerospace industry.
- The divested business, which contributed 31% to ATL's consolidated turnover for FY2024-25, will be transferred to Akkodis Group AG and Akkodis India Private Limited.
- The aggregate consideration for the sale/disposal is USD 152.35 million.
- The transaction is expected to be completed within 5-6 months from June 12, 2026.
Business Update
Positive
2026-06-12 15:07
- Board approved the divestment of its 'Engineering Services' Aerospace business to Akkodis Group AG for USD 152.35 million.
- This business contributed 31% to FY25 consolidated turnover.
- Transaction completion expected within 5-6 months.
Business Update
Neutral
2026-06-10 21:35
- Concall Schedule
- Concall Date: 15th and 16th June, 2026