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AXISCADES Technologies Ltd share Price Today

Company details

612.95
631.90
295.10
850.00
6M Return 19.25%
1Y Return 102.46%
Mkt Cap.(Cr) 2,611.25
Volume 31,121
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 31,121

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BPO/KPO firm AXISCADES Technologies announced Q1FY24 results:

  • Revenue of Rs 2,136 million in Q1FY24 compared to Rs 1,833 million in Q1FY23, up 17% YoY
  • EBITDA of Rs 330 million in Q1FY24 compared ot Rs 227 million in Q1FY23, up 45% YoY
  • EBITDA Margin of 15.4% in Q1FY24 compared to 12.4% in Q1FY23, up 300 bps YoY
  • PAT of Rs 57 million in Q1FY24 comapred to Rs (317) crore in Q1FY23

Commenting on the performance, David Bradley, Chairman, AXISCADES said, “We have started the fiscal year 2024 on firm footing, recording revenue growth of 17% and EBITDA growth by 45% Year on Year. The recent acquisition of add solution GmbH will give us access to global OEMs and help us expand our product offerings to the automotive industry. Over the past few years, we have acquired businesses that have helped us to expand into new segments and grow our market share. These acquisitions have been accretive to our earnings and have helped us to achieve our long-term growth goals. A strategic refinancing of our long-term debt will allow us to invest more in our growth initiatives and further expand our bottom line. We have a strong, growing team in place that is focused on executing our growth strategy to generate value for all stakeholders.”

Commenting on the results and outlook, Arun Krishnamurthi, CEO & MD, AXISCADES said, “We are building upon the strong momentum generated in FY23. Fiscal 2024 has started with two key achievements, a cross-border acquisition of add solution GmbH and the refinancing of our debt. We believe that the acquisition will be a significant driver of growth for our automotive business. The refinancing will lower our interest costs, and optimize our capital structure, resulting in a robust balance sheet. During the quarter, we saw remarkably higher contributions from the Aerospace vertical and we continued to gain wallet share from our clients in the defense sector, adding significantly to our topline. Our new businesses win continue to show positive momentum. We are excited about the opportunities that lie ahead of us and aim to execute our objectives further aided by increased financial flexibility and create value for all stakeholders.”

 

 

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AXISCADES Technologies Ltd shares SWOT Analysis

Strengths (4)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Book Value per share Improving for last 2 years
  • Company with decreasing Promoter pledge

Weakness (2)

  • Promoter holding decreased by more than -2% QoQ
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Positive Breakout First Resistance ( LTP > R1)
  • Highest Recovery from 52 Week Low

Threats (4)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Companies Increasing Debt as per Annual Report

Resistance and support

R1 622.1
R2 630.7
R3 641.4
Pivot

611.42

S1 602.8
S2 592.1
S3 583.5
EMA SMA
611.6
631.0
631.0
579.3
600.4
640.4
663.6
592.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BISHWANATH PRASAD AGRAWAL Bulk Sell 2022-09-13 165.28 201297 NSE
ALPHA LEON ENTERPRISES LLP Bulk Purchase 2021-12-24 106.81 196449 NSE
ALPHA LEON ENTERPRISES LLP Bulk Sell 2021-12-24 109.15 213466 NSE
Name Category Shares
JUPITER CAPITAL PRIVATE LIMITED PROMOTER 60.3%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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AXISCADES Technologies Ltd Stocks COMPARISON

Financials( in Cr) AXISCADES Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 625.00 3,842.00 1,429.50 1,456.50 459.85
% Change 1.87 0.41 1.29 0.62 1.57
Mcap Cr 2,611.25 1,390,069.41 593,306.54 395,245.31 240,244.13
Revenue TTM Cr 821.62 240,893.00 128,933.00 101,456.00 90,487.60
Net Profit TTM Cr -4.80 46,099.00 27,234.00 14,845.00 11,366.50
PE TTM 64.49 29.72 22.34 25.03 21.42
1 Year Return 102.46 24.35 16.01 40.22 27.45
ROCE 22.65 62.85 45.07 27.62 17.11
ROE -9.58 51.04 36.58 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 338.08 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
AXISCADES Technologies Limited - Press Release

Apr 18, 2024 l NSE Announcement

AXISCADES receives upgrade in LT rating

Apr 17, 2024 l BSE Announcement

AXISCADES Technologies Limited - Credit Rating

Apr 16, 2024 l NSE Announcement

Date Action Type Ratio
No data found

AXISCADES Technologies Ltd Information

Stock PE (TTM)
64.49
Promoter Holding
60.51%
Book Value
138.5031
ROCE
22.65%
ROE
-9.58%
Description
  • AXISCADES is a leading technology solutions provider, catering to companies in diverse industries, such as aerospace, defence & homeland security, automotive, heavy engineering, industrial products, energy, semiconductor and medical & healthcare. AXISCADES is a preferred engineering partner for global OEMs with complex supply chains, mission-critical applications and highly advanced technologies. The Company supports customers across their entire value chain, from concept design to manufacturing to after-market solutions. The Company was incorporated in 1990 and became Public Limited Company on April 2000. The Company is in the business of transitioning businesses to the internet,this is based on the principle of convergence of all businesses. IT&T has four business units which include: Etransitionit,Netmanageit,Smartsourceit and Nurtureit. In 1999-2000 the company came out with a public issue last October, and has identified call center and software products as its core area,besides education. The company clients list include Ranbaxy,Apollo Tyres,Hero Cycles,ONGC,HDFC Bank etc. During 2000-2001 the company opened its first SDC in NOIDA and was commissioned in the same year itself. It has also developed an application using B2B Generic engine as the core for the pharmaceutical and hospitality industries. The company has also launched its ticketing services through IT&T Entertainment Serivces Pvt Ltd a subsidiary of IT&T Ltd. The company has signed a MOU for acquisition with AXIS Inc.,USA for an amount of USD 2.25 million and AXIS operates in the BPO space & is focused on the Engineering Design & HR segment and has had a very long business relationship with Caterpillar Inc.,a Fortune 500 company. The company along with its Promoters and some other shareholders had entered into a Share Purchase Agreement with Tayana Software Solutions Pvt. Ltd. (TSSL) on 11.01.2008. TSSL has since acquired 60.83% stake in the company, including shares acquired through an Open offer to the Public, making the company its subsidiary and resulting to acquisition, the transaction was completed on 28.04.08. The Company acquired a 54.28% stake in M/s Cades Digitech Pvt. Ltd. in Bangalore on 24th October, 2009. It remained focused on Engineering Design & till December 2010 on Software Development during 2009-10. During 2009-10, a wholly owned subsidiary of the Cades Digitech Pvt. Ltd. was incorporated in Canada named as Cades Technology Canada Inc. The Company made further investment in Cades Digitech Pvt. Ltd. of Rs. 2,00,50,000. Due to a Preferential Issue made by Cades Digitech Pvt. Ltd. during the year, the total stake of company stood at 51.10% in M/s Cades Digitech Pvt. Ltd. During 2011-12, the Company`s subsidiary, Cades Digitech Pvt. Ltd., set up a dedicated Offshore Development Center (ODC) for one of the world`s largest aircraft manufacturers` based out of Europe. Cades enhanced its existing engagement with a Germany based global leader for aircraft structures and aircraft manufacturing systems. The Board of Directors approved the Scheme of Arrangement for the merger of its subsidiary Cades Digitech Pvt. Ltd. into Axis Aerospace & Technology Limited (AAT) in 2011-12. The Company established a subsidiary in China under the name of Axis Mechanical Engineering Design (WUXI) Co Ltd. to explore business opportunities. Axis Mechanical Engineering Design (Wuxi) Co Ltd. was formed a Wholly Owned subsidiary in China on 7th December, 2012. Further, on 8th February, 2013, Cades Digitech Pvt. Ltd. entered into a strategic partnership agreement proposing to acquire 76% stake in Studec Technologies India Pvt. Ltd., the Indian subsidiary of French engineering company Studec France, which specialises in Documentation Engineering and Publications, which was completed on 11th July 2013 and it became a subsidiary of Cades Digitech Pvt. Ltd. and subsequently was renamed as Cades Studec Technologies (India) Pvt. Ltd. The Board of Directors of the Company at their meeting held on 23rd January 2013 had approved the Scheme of Arrangement where Cades Digitech Private Limited (Cades) was merged with the Company (Transferree Company), which became effective from 24 March 2014 and accordingly, all the assets and liabilities of Cades was transferred to Axis with effect from the Appointed Date of the Scheme i.e., 1 April 2012. During 2015-16, the Board of Directors of Company announced the acquisition of AXISCADES Aerospace & Technologies Pvt. Ltd. (ACATL), an aerospace, defence and homeland security technologies company, through merger of its Holding Company namely India Aviation Training Institute Pvt. (IAT) with the Company which became effective from the Appointed date of the Scheme, 1st April 2016. During FY 2015-16, the Company operated primarily across four sectors - Aerospace, Heavy Engineering, Automotive and Industrial Products, and Renewable Energy. In FY 17, the Company operated across five main verticals - Aerospace, Defence, Heavy Engineering, Automotive and Energy. During the year 2018-19, Company acquired Phase I of Mistral Solutions Pvt. Ltd. (MSPL), through a Scheme of Merger with the acquisition of 43.38% stake in Mistral Solutions from its existing shareholders, which completed on 15 December, 2017. An additional 44.62% stake as part of Phase 2 of the acquisition was acquired in FY 2019. The Company incorporated a Joint Venture Company in the name of ASSYSTEM AXISCADES Engineering Pvt. Ltd., on 31 August, 2018. Tayana Digital Private Limited, was merged with Jupiter Capital Private Limited with effect from 17th October, 2018. In 2020-21, the Company launched 3 new products, Elevated Skin Temperature Sensor, Social Distancing Application and Remote Operations Desk. In 2021-22, the Company established an Offshore Development Centre (ODC) at Hyderabad; set up a new office in Montoir de Bretagne, France to increase market further.

Registered Address

Block C Second Floor, Kirloskar Business Park, Bengaluru, Karnataka, 560024

Tel : 91-080-41939000
Email : compliance:axiscades.in; shweta.agrawal:axiscades.
Website : http://www.axiscades.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532395
NSE Code : AXISCADES
Book Closure Date (Month) :
BSE Group : B
ISIN : INE555B01013

FAQ’s on AXISCADES Technologies Ltd Shares

You can buy AXISCADES Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy AXISCADES Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 22, 2024 02:19 PM the closing price of AXISCADES Technologies Ltd was ₹ 625.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 22, 2024 02:19 PM, the market cap of AXISCADES Technologies Ltd stood at ₹ 2,611.25.

The latest PE ratio of AXISCADES Technologies Ltd as of Apr 22, 2024 02:19 PM is 64.49

The latest PB ratio of AXISCADES Technologies Ltd as of Apr 22, 2024 02:19 PM is 0.23

The 52-week high of AXISCADES Technologies Ltd share price is ₹ 850.00 while the 52-week low is ₹ 295.10

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