AXISCADES
AXISCADES Technologies Limited
NSELast Traded Price
₹1602
-10.9 (-0.68%)
Open
₹1619
High
₹1645
Low
₹1581
Prev Close
₹1612.9
Industry
Aerospace & Defense
Market Cap
6813.86 Cr
Filing History
Recent corporate announcements and filings for AXISCADES
Business Update
Positive
2026-08-28 19:11
- AXISCADES Technologies Limited will acquire 90% equity in Cloud Wave Technologies Private Limited, a precision engineering and manufacturing company.
- The cash consideration for the acquisition is approximately ₹234 Crores (enterprise valuation of ~₹260 Crores).
- The acquisition is a strategic move to transition towards aerospace manufacturing and is expected to be earnings accretive over the medium term.
- The acquisition of 90% shareholding is expected to be completed by September 30, 2026.
Business Update
Neutral
2026-08-27 16:45
- Concall Schedule
- Concall Date: September 1, 2026
- Concall Time: Not specified
Business Update
Positive
2026-08-20 17:13
- Q1 FY27 Consolidated revenue ₹346 Cr (▲42% YoY, ▲27% QoQ), highest in company history. Reported PAT loss of ₹14.8 Cr (vs. PAT ₹20.9 Cr in Q1 FY26) due to one-off provisions (₹13.1 Cr) and divestment transaction costs (₹21.81 Cr).
- Normalized Q1 FY27 EBITDA was ₹41 Cr (11.8% margin, ▲20.5% YoY) and normalized PAT was ₹20.2 Cr.
- Retained (continuing) business revenue grew 94% YoY to ₹183 Cr. Defense business revenue grew 112% YoY to ₹125 Cr, and XiDA revenue grew 63% YoY to ₹49.5 Cr with a 30% EBITDA margin.
- Expects an extraordinary gain of ~₹1,255 Cr from divestment, with ~₹200+ Cr in Q2 FY27 and the remainder in Q3 FY27. Total divestment proceeds of ~₹920 Cr will fund manufacturing and acquisitions.
- FY27 Guidance (Pro Forma, Continuing Operations): Revenue of ₹1,377 Cr, EBITDA of ₹270 Cr, and PAT of ~₹135 Cr.
- Strategic Outlook: Firmly on track with "Power 930" goals (₹960 Cr PAT by FY30). Defense business has ₹4,500+ Cr assured forecast visibility (to be executed by FY30), expected to grow over 75% YoY for several years. ESAI (XiDA) business expected to grow over 100% in FY27. Aerospace manufacturing platform targeting ₹1,000 Cr by FY29.
Business Update
Neutral
2026-08-14 09:04
- Audio recording of the Earnings Webinar for Q1 FY27 with Investors/Analysts held on August 13, 2026, is available on the company's website.
Financials
Neutral
2026-08-13 19:08
- Q1 FY27 Consolidated Revenue ₹346.6 Cr vs ₹243.7 Cr (▲42.2% YoY)
- Reported EBITDA ₹27.9 Cr vs ₹34.1 Cr (▼18.1% YoY)
- Reported PAT (loss) ₹(14.8) Cr vs PAT ₹20.9 Cr (from profit to loss)
- Reported EBITDA Margin 8.1% vs 14.0% (▼592 bps)
- Company reported strong revenue growth, but profitability was impacted by one-time receivable provisions and divestment-related exceptional costs during a portfolio transition.
Financials
Positive
2026-08-13 17:00
- Q1 FY27 Consolidated Revenue ₹346.6 Cr vs ₹243.7 Cr (▲42.2% YoY)
- Normalised EBITDA ₹41.0 Cr vs ₹34.1 Cr (▲20.5% YoY)
- Normalised PAT ₹20.2 Cr vs ₹20.9 Cr (▼3.3% YoY)
- Normalised EBITDA Margin 11.8% vs 14.0% (▼220 bps)
- Reported PAT for the quarter was ₹(14.8) Cr due to ~₹35 Cr in one-off provisions and deal costs related to divestment.
- Retained/Continuing business revenue grew 94.2% YoY to ₹183.4 Cr.
- Company expects an extraordinary gain of ₹1,255 Cr on divestment closure.
- FY27 outlook: Defence expected to deliver 75% YoY growth, and XIDA >100% YoY growth.
Routine
Neutral
2026-08-13 15:40
New Filing detected. See link for details.
Governance
Neutral
2026-08-11 20:33
CRITICAL RED FLAG DETECTED
- Mrs. Mariam Mathew resigned as Non-Executive, Independent Director due to increased family commitments, effective August 11, 2026.
- Ms. Ashmita Sethi was appointed as an Additional (Non-Executive, Independent) Director, effective August 11, 2026, for a 3-year term, subject to shareholder approval.
- Ms. Sethi is a globally recognized C-suite leader with over 25 years of experience in the Aerospace & Defence industry, having held senior leadership roles at Pratt & Whitney, Boeing, and Rolls-Royce.
Governance
Negative
2026-08-11 20:33
CRITICAL RED FLAG DETECTED
- Mrs. Mariam Mathew resigned as Non-Executive, Independent Director due to increased family commitments, effective August 11, 2026.
- Ms. Ashmita Sethi was appointed as an Additional Non-Executive, Independent Director for a 3-year term, effective August 11, 2026. She brings over 25 years of experience in the Aerospace & Defence industry.
Business Update
Neutral
2026-08-10 20:55
- Concall Schedule
- Concall Date: August 13, 2026
- Concall Time: 05:30 PM IST
Business Update
Neutral
2026-08-08 16:59
- Investors Meeting Schedule
- Meeting Date: August 10, 2026
- Interaction with: Investors/Fund Managers
- Place: Virtual
- Type of interaction: Group meeting
Governance
Positive
2026-07-28 13:35
- AXISCADES Technologies Limited announced the voting results of its Postal Ballot, confirming all resolutions have been passed by the Members with the requisite majority.
- The resolutions are deemed passed on July 27, 2026.
- Key resolutions approved include the transfer of engineering services businesses in heavy engineering, automotive, energy, and aerospace industries by way of slump sale (Resolution 1 & 2, both with 98.6262% in favour).
- Approval for material related party transactions with new subsidiaries for the aerospace business transfer also passed (Resolution 3, with 89.4454% in favour).
Business Update
Positive
2026-07-24 12:01
- AXISCADES Technologies Limited completed the acquisition of a 32,847 Sq. Mts land plot from Telangana State Industrial Infrastructure Corporation (TSIIC) for a total consideration of ₹39,41,64,000/-.
- The land is designated for setting up a unit for manufacturing Defence Hardware Manufacturing & Article integration.
Routine
Neutral
2026-07-17 21:04
- Allotment of 2,500 Equity Shares under AXISCADES ESOP 2018 – Series 2 on July 17, 2026.
- Paid-up share capital increased from 4,25,30,989 to 4,25,33,489 equity shares of Rs. 5/- each.
- Exercise price for allotted shares is Rs. 52.65 per share.
Business Update
Neutral
2026-07-12 17:30
- Concall Schedule
- Concall Date: Wednesday, 15th July 2026
- Interaction with: Institutional Investors/Fund Managers
- Place: Bengaluru
Governance
Neutral
2026-06-30 18:26
- The Board of Directors approved the reconstitution of the Nomination and Remuneration Committee.
- Mr. Abhay Maheshwari has been appointed as an additional member, effective July 01, 2026.
Governance
Negative
2026-06-29 14:17
CRITICAL RED FLAG DETECTED
- The company received notices from NSE and BSE regarding non-compliance with SEBI Listing Regulations concerning the composition of the Board (Regulation 17(1)).
- A total fine of ₹495,600 (inclusive of GST) was levied by the Stock Exchanges.
- The company has paid the fine and confirmed that its Board composition was regularized and brought into compliance on March 26, 2026.
Governance
Positive
2026-06-29 14:13
- The Board of Directors appointed Mr. Abhay Maheshwari as an Additional Director (Non-Executive, Non-Independent) with effect from June 29, 2026.
- Mr. Maheshwari is a seasoned finance executive and Chartered Accountant with 18 years of experience in corporate finance, fundraising, and strategic financial leadership.
Routine
Neutral
2026-06-28 13:00
- Trading window for shares closed from July 01, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.
- This closure is for designated persons and their immediate relatives.
Business Update
Positive
2026-06-27 13:58
- Shareholders' approval sought for divestment of engineering services businesses (Heavy Engineering, Automotive, Energy, Aerospace) to Akkodis entities for up to USD 206.30 million. Postal Ballot from June 28 to July 27, 2026. Also seeking approval to increase investment limits.
Business Update
Neutral
2026-06-23 21:16
- CARE Ratings reviewed AXISCADES' credit rating for bank facilities on June 23, 2026, following a divestment of Engineering Services.
- Long-term (₹21 Cr) and Long-term/Short-term (₹80 Cr) bank facilities were placed on 'Rating Watch with Developing Implications'.
Business Update
Positive
2026-06-18 19:49
- The company is undergoing a strategic transformation, sharpening its portfolio to focus on high-value aerospace, defense, space, deep tech, electronics, and AI, divesting non-core businesses.
- Q4 FY26 experienced revenue deferment of ₹142 Cr and exceptional costs due to portfolio restructuring, with the deferred revenue expected to be recognized in Q1/Q2 FY27.
- FY27 revenue is projected to trend towards ₹1,377 Cr, representing a 52% growth on the retained business base of ₹903 Cr in FY26.
- The divestment of heavy engineering, energy, and automotive engineering service practice for USD $30.63 Mn is expected to generate an extraordinary gain of ~₹175 Cr in Q2 FY27.
- Management expects a 150-200 bps EBITDA margin improvement YoY in core verticals (already 20%+).
- The company reaffirms its Power 930 roadmap to achieve ₹9,000 Cr revenue by FY2030, driven by a shift from design-only to design-cum-manufacturing and scaling up infrastructure.
- Major capex (₹1,550-1,600 Cr) for new facilities and acquisitions (approx. ₹600 Cr) will be 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, with 51% controlling interest initially.
- This transaction transforms the company into a proprietary products and IP-focused manufacturing platform.
- The divestment fully funds the Power 930 growth plan, targeting ₹9,000 Cr revenue and ₹960 Cr PAT by FY2030.
- Tranche 1 closing is expected in Q3 FY27 (October-December 2026).
Business Update
Positive
2026-06-12 15:08
- AXISCADES Technologies Limited's Board approved the transfer of its Aerospace 'Engineering Services' business to Akkodis Group for USD 152.35 million.
- This business contributed 31% to FY 2024-25 consolidated turnover. The transaction involves internal restructuring and phased divestment.
- Expected completion is within 5-6 months from June 12, 2026, pending shareholder approval.
Business Update
Positive
2026-06-12 15:08
- Board approved the transfer of its 'Engineering Services' business in the Aerospace industry (constituting 31% of FY2024-25 consolidated turnover and 11.3% of net worth) to Akkodis Group AG and its subsidiary, Akkodis India Private Limited.
- The aggregate consideration for the transaction is USD 152.35 million.
- Completion of business transfers and initial fund infusion is expected within 5-6 months.
- Divestment of the remaining 49% stake in the newly formed entities will occur after 24 months from the fund infusion.
Business Update
Neutral
2026-06-10 21:35
- Concall Schedule
- Concall Date: 15th and 16th June, 2026
- Interaction Type: One-on-One and Group meeting with Institutional Investors/Fund Managers
Business Update
Positive
2026-06-04 20:27
- FY26 marked a strategic transition, with portfolio sharpening and focus on high-margin core areas like aerospace, defense, space, deep tech, electronics, and AI.
- Divested heavy engineering, energy, and automotive practice for $30.63 million, expected to close in Q2 FY27, yielding an extraordinary gain of ~₹175 crores.
- Q4 FY26 saw revenue deferment of ₹142 crores (due to supply chain and scheduling), which is now part of FY27's assured order book.
- Consolidated FY27 revenue is trending towards ₹1,377 crores (▲52% YoY growth on the retained business base).
- Reiterated FY2030 vision for ₹9,000 crores revenue, with EBITDA margins expected to saturate around 25-27% (current core verticals 20%+ with target 150-200 bps improvement YoY).
- Total investment plan of ₹2,100-2,250 crores (including Capex for DAC, MAC, DAL, and acquisitions) to be fully self-funded without equity dilution or incremental debt.
- New initiatives include Xida Inc. (US-led deep tech/AI subsidiary) and a Space Division.
Routine
Neutral
2026-06-04 13:21
- Responding to NSE/BSE query on spurt in volume, AXISCADES stated there are no undisclosed material events or information that would explain the increase.
- The company believes the observed increase in trading volume appears to be purely market driven.
Routine
Neutral
2026-05-30 20:49
New Filing detected. See link for details.
Financials
Negative
2026-05-27 22:16
Consolidated Revenue ₹273 Cr vs ₹267.65 Cr (▲2.0% YoY), EBITDA ₹34 Cr vs ₹37.90 Cr (▼10.3% YoY), PAT ₹0.4 Cr vs ₹30.77 Cr (▼98.7% YoY). EBITDA Margin 12.3% vs 13.99% (▼169bps).
Financials
Negative
2026-05-27 21:29
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹27,300.93 lakhs vs ₹26,797.26 lakhs (▲1.88% YoY), EBITDA ₹3,009.28 lakhs vs ₹3,545.33 lakhs (▼15.12% YoY), PAT ₹41.36 lakhs vs ₹3,149.61 lakhs (▼98.69% YoY). EBITDA Margin 11.02% vs 13.23% (▼221bps). The results were significantly impacted by an impairment loss on goodwill of ₹797.58 lakhs.
Business Update
Positive
2026-05-27 08:26
Order Win: AXISCADES Technologies Limited won an order from DRDO's R & DE (Engineers), Pune, for the manufacturing and supply of a Mobile Mast System. The order is valued at ₹6.9 crore.
Business Update
Positive
2026-05-27 08:24
Order Win: AXISCADES Aerospace & Technologies Private Limited, a wholly owned subsidiary of AXISCADES Technologies Limited, secured an order from the Office of DG (ACE), Ministry of Defence, for the Manufacturing & Supply of Mobile Mast System (MMS). The order value is ₹6.9 Cr and is expected to be completed within 18 months, by November 2027.
Business Update
Neutral
2026-05-26 22:45
AXISCADES Technologies Limited announced an earnings webinar with analysts/investors on Saturday, May 30, 2026, at 4:00 PM IST. The webinar will discuss the Audited Financial Results for the quarter and fiscal year ended March 31, 2026, and provide management commentary on performance and key financial/operational highlights.
Business Update
Positive
2026-05-26 08:55
AXISCADES Technologies Limited announced the divestment of its Engineering Services practice (Heavy Engineering, Energy, Automotive verticals) to Akkodis for approximately US$30.63 million, with closing expected in Q3 2027. This is a strategic step towards transforming into a focused aerospace manufacturing and products-led platform, utilizing the proceeds for its Power 930 roadmap, including manufacturing scale-up and strategic acquisitions.
Business Update
Positive
2026-05-26 08:48
AXISCADES Technologies Limited's Board approved the sale of its Engineering Services business in Heavy Engineering, Automotive, and Energy Industries to Akkodis India and its affiliates for USD 30.63 million. This business contributed 24% of turnover (INR 2,493 million) and 15% of net worth (INR 530 million) in FY25. The strategic divestment aims to realign capital, enhance focus, unlock shareholder value, and use proceeds for technology-led acquisitions, infrastructure, and balance sheet strengthening. Completion is expected within 5 months.
Ownership
Neutral
2026-05-07 12:07
AXISCADES Technologies Limited allotted 13,600 equity shares of face value Rs. 5/- each to 2 eligible grantees under its 'AXISCADES ESOP 2018 – Series 2' scheme on May 07, 2026. This allotment increased the company's paid-up share capital from Rs. 21,25,86,945 (4,25,17,389 shares) to Rs. 21,26,54,945 (4,25,30,989 shares). The exercise price per share was Rs. 52.65.
Governance
Positive
2026-04-28 16:04
AXISCADES Technologies Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Giridhar Aramane (DIN: 00483130) as a Non-Executive, Independent Director for a period of 3 consecutive years, from March 26, 2026, to March 25, 2029. The e-voting period is from April 29, 2026, to May 28, 2026, with results by May 30, 2026.
Routine
Neutral
2026-04-06 14:14
AXISCADES Technologies Limited submitted a Certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. KFin Technologies Limited, the RTA, confirmed compliance for dematerialization requests and related processes for the period January 1 to March 31, 2026.
Business Update
Positive
2026-04-03 11:54
AXISCADES Technologies Limited incorporated a wholly-owned subsidiary, AXISCADES Technologies Aviation Equipment Engineering Services LLC, in Dubai, UAE on April 02, 2026, with Dhirams 150,000 capital, to explore new aerospace business opportunities.
Routine
Neutral
2026-03-30 18:27
AXISCADES Technologies Limited announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026, as per SEBI regulations.
Governance
Positive
2026-03-27 09:30
AXISCADES Technologies Ltd. announced the appointment of Mr. Giridhar Aramane as a Non-Executive Independent Director on its Board, effective March 27, 2026. Mr. Aramane brings over three decades of leadership experience across various sectors, including defence and infrastructure.
Governance
Positive
2026-03-26 21:19
AXISCADES Technologies Limited announced the appointment of Mr. Giridhar Aramane as an Additional Non-Executive Independent Director, effective March 26, 2026. Mr. Aramane, a former IAS officer and Defence Secretary, brings extensive administrative experience to the board for a 3-year term.
Governance
Negative
2026-03-16 20:23
CRITICAL RED FLAG DETECTED
AXISCADES was fined ₹2,30,100 by Exchanges for non-compliance with SEBI Listing Regulation 17(1) regarding board composition (failure to appoint a woman director/meet requirements) for Q3 FY26. The company paid the fine, and the Board will now evaluate candidates to address the vacancy.
Business Update
Positive
2026-03-16 20:04
AXISCADES Technologies Limited approved acquiring the remaining 24% stake in its subsidiary Cades Studec Technologies India Private Limited (CSTI) for USD 1.5 million. This will make CSTI a wholly-owned subsidiary, with completion expected by June 2026. CSTI's FY24-25 turnover was Rs 19.85 Cr.
Business Update
Neutral
2026-03-04 18:22
AXISCADES Technologies Limited will hold a virtual group meeting with institutional investors and fund managers at the 'Arihant Capital - Bharat Connect Conference 2026' on March 10, 2026.