Added to YB: 2026-05-12
Pitch date: 2026-05-09
AXISCADES.NS [bullish]
AXISCADES Technologies Limited
Author Info
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Company Info
AXISCADES Technologies Limited operates as an engineering solutions company in Europe, the United States, the Asia Pacific, and Canada.
Market Cap
INR 92.4B
Pitch Price
N/A
Price Target
9.0K
Dividend
N/A
EV/EBITDA
51.87
P/E
91.13
EV/Sales
8.17
Sector
Construction and Engineering
Category
growth
AXISCADES: India’s Bet on Defence, Aerospace and AI Hardware
AXISCADES.NS: Bengaluru engineering co transitioning from services to defence/aerospace manufacturing. Mistral subsidiary supplies avionics for Tejas Mk1A (180 jets, Rs8-9cr/jet content=Rs1.2k-1.4k cr oppty), Su-30 upgrades (100+ jets, Rs8cr/jet), Rs100cr Ashwini radar order. Power930 target: Rs9k cr rev by FY30 vs ~Rs1.2k cr FY26 run-rate, shifting to 80%+ products from 50% today (targeting 25-40% EBITDA margins vs 12-15% services). DAL facility targeting hyperscaler AI hardware (pilot orders USD1M, mgmt sees 50x-100x potential). Risks: 73% rev from top 2 customers, non-core segments dragging margins, defence procurement delays, capex overruns, ESAI scaling unproven
Read full article (18 min)