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AXISCADES Technologies Ltd share Price Today

Company details

521.00
568.90
432.55
850.00
6M Return -27.61%
1Y Return 21.61%
Mkt Cap.(Cr) 2,348.88
Volume 265,621
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 265,621

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BPO/KPO company AXISCADES Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations of Rs 256 crore for the quarter; grew by 14% YoY
  • Revenue in USD terms for the quarter stood at USD 31 million; growth of 11% YoY
  • EBITDA for the quarter at Rs 32 crore; grew by 3% YoY, grew by 11% QoQ
  • EBIDTA Margins stood at 12.7%; as against 12.6% in Q3FY24 and 13.9% in Q4FY23
  • PAT stood at Rs 9 crore with PAT margin of 3.4% in the quarter, as against Rs 8 crore in Q3FY24 (3.2%) and Rs 16.04 crore in Q4FY23 (7.1%) 

FY24 Financial Highlights:

  • Revenue from Operations of Rs 952 crore for the year; grew by 17% YoY
  • Revenue in USD terms for the year stood at USD 116 million; growth of 14% YoY
  • EBITDA for the year at Rs 130 crore as against normalized EBITDA of Rs 124 crore in FY23 ; grew by 5% YoY.
  • EBITDA Margins stood at 13.7%; as against normalized EBITDA margin of 15.3% in FY23
  • Profit after Tax at Rs 33 crore, as against PAT Loss of Rs 4.8 crore in FY23
  • PAT Margins for the year stood at 3% as compared to -0.6% in FY23

Commenting on the performance, Abidali Neemuchwala, Chairman of AXISCADES said, “FY2024 was another landmark year for the Company, in its journey to be at the forefront of best-in-class engineering and technology solutions, and at the same time, deliver a sustainable and profitable business performance to all its stakeholders. I am pleased to report that, at the end of FY2024, the Company stands much stronger, with its foray into new verticals, new acquisitions, new competencies, and a much stronger customer base. Our defense business is gaining strength, and our production revenues from defense reached record run in FY24 and will continue to accelerate in the coming years. The equity base stands enhanced, borrowings significantly reduced and the robust balance sheet and cash reserves, allows us much head-room to invest in people, technology, competencies, R&D labs and business growth.

While we are conscious of the global macroeconomic challenges and uncertainties, we are entering the new financial year, with renewed vigor, confidence and commitment for growth, and are well positioned to navigate the exciting pipeline of opportunities, ahead of us.”

Result PDF

View Other Company Results

AXISCADES Technologies Ltd shares SWOT Analysis

Strengths (6)

  • Strong Annual EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 578.9
R2 597.9
R3 626.8
Pivot

549.95

S1 531.0
S2 502.1
S3 483.1
EMA SMA
565.5
566.3
580.8
571.6
571.5
547.4
580.6
609.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-18 582.03 224599 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-06-18 581.94 224599 NSE
BISHWANATH PRASAD AGRAWAL Bulk Sell 2022-09-13 165.28 201297 NSE
Name Category Shares
JUPITER CAPITAL PRIVATE LIMITED PROMOTER 60.27%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

AXISCADES Technologies Ltd Stocks COMPARISON

Financials( in Cr) AXISCADES Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 559.95 4,302.35 1,836.90 1,598.35 500.55
% Change -1.95 10.06 11.45 5.85 -6.54
Mcap Cr 2,348.88 1,556,628.09 762,686.02 433,738.65 261,795.86
Revenue TTM Cr 821.62 240,893.00 153,670.00 101,456.00 89,760.30
Net Profit TTM Cr -4.80 46,099.00 26,248.00 14,845.00 11,112.10
PE TTM 71.82 32.71 28.61 26.40 23.42
1 Year Return 21.61 31.49 38.20 42.14 28.36
ROCE 22.65 62.85 44.74 27.62 16.38
ROE -9.58 51.04 37.12 23.32 14.60
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 338.08 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 8,306.88 53,539.14
LAST 3M 89,013.52 64,904.32
LAST 6M 176,751.92 63,807.63
LAST 12M 305,416.58 96,213.98

AXISCADES Technologies Ltd Information

Stock PE (TTM)
71.82
Promoter Holding
60.27%
Book Value
139.5397
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 Jul 23, 2024 03:58 PM the closing price of AXISCADES Technologies Ltd was Rs.559.95.

The latest PE ratio of AXISCADES Technologies Ltd as of Jul 23, 2024 03:58 PM is 71.82

The latest PB ratio of AXISCADES Technologies Ltd as of Jul 23, 2024 03:58 PM is 0.25

The 52-week high of AXISCADES Technologies Ltd share price is Rs. 850.00 while the 52-week low is Rs. 432.55

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 Jul 23, 2024 03:58 PM, the market cap of AXISCADES Technologies Ltd stood at Rs. 2,348.88 Cr.

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