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Axis Solution Overview

1. Business Overview

Axis Solution Ltd., operating in the Engineering - Industrial Equipments sector in India, likely specializes in the design, manufacturing, supply, installation, and/or maintenance of various machinery, components, and systems used in industrial processes. This could include equipment for sectors like manufacturing, infrastructure, energy, chemicals, textiles, or automotive. The company's core business model would involve executing projects, selling proprietary or customized equipment, providing spare parts, and offering after-sales services. Revenue is primarily generated through sales of industrial machinery, project-based contracts, and recurring revenue from maintenance and spare parts.

2. Key Segments / Revenue Mix

Specific key segments and their revenue contribution for Axis Solution Ltd. are not available from the provided data. However, for companies in this industry, typical segments often include:

Product Sales: Revenue from the direct sale of manufactured or supplied industrial equipment.

Project & Solutions: Income from undertaking engineering, procurement, and construction (EPC) projects or providing integrated industrial solutions.

After-sales Service & Spares: Revenue from maintenance contracts, repairs, and sales of spare parts.

The mix can vary significantly depending on the company's focus, scale, and customer base.

3. Industry & Positioning

The Indian Engineering - Industrial Equipments sector is a diverse and often fragmented industry, driven by capital expenditure cycles in manufacturing, infrastructure development, and industrial modernization. It is highly sensitive to economic growth, government policies (like "Make in India"), and global commodity prices. Competition includes both domestic players (large conglomerates and smaller specialized firms) and international companies. Axis Solution Ltd.'s positioning within this landscape is not specified, but it likely competes on factors such as product specialization, technological capability, customer relationships, project execution expertise, and cost-effectiveness. It could be a niche player focusing on specific equipment or industries, or a broader player serving multiple verticals.

4. Competitive Advantage (Moat)

Given the highly competitive nature of the industrial equipment sector, establishing a strong, durable competitive advantage (moat) can be challenging. Potential moats for Axis Solution Ltd. could include:

Specialized Expertise: Deep technical knowledge or proprietary designs for specific types of industrial equipment where barriers to entry are high.

Customer Relationships & Switching Costs: Long-standing relationships with key industrial clients, offering customized solutions that integrate deeply into client operations, thereby increasing switching costs.

Efficient Project Execution: A proven track record of on-time, on-budget delivery for complex industrial projects.

Cost Leadership: If operating at scale in standardized products, achieving lower manufacturing costs.

A strong brand, while important for trust, is typically less of a pure "moat" in this B2B sector compared to consumer goods.

5. Growth Drivers

Key factors that can drive growth for Axis Solution Ltd. over the next 3-5 years include:

Increased Industrial CAPEX: Growing capital expenditure by Indian manufacturing industries, fueled by economic growth and government incentives (e.g., PLI schemes).

Infrastructure Development: Continued government spending on infrastructure projects (roads, railways, ports, energy), which requires various industrial equipment.

Automation & Modernization: The ongoing trend of industrial automation and the need for existing industries to upgrade aging equipment for higher efficiency and productivity.

"Make in India" Initiative: Government focus on boosting domestic manufacturing, potentially leading to increased demand for locally produced industrial equipment.

Export Opportunities: Leveraging competitive manufacturing capabilities to cater to demand in other developing economies.

6. Risks

Axis Solution Ltd. faces several key business risks:

Cyclical Demand: The industrial equipment sector is highly cyclical, sensitive to economic downturns, changes in industrial output, and client capital expenditure decisions.

Raw Material Volatility: Fluctuations in prices of key raw materials (e.g., steel, aluminum, specialized components) can impact project profitability.

Intense Competition: High competition from both domestic and international players can lead to pricing pressures and margin erosion.

Project Execution Risks: Delays, cost overruns, or quality issues in large-scale projects can lead to financial penalties and reputational damage.

Technological Obsolescence: Rapid advancements in industrial technology can render older equipment or processes obsolete, requiring continuous R&D investment.

Currency Fluctuations: If the company imports components or exports equipment, currency exchange rate volatility can impact profitability.

7. Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Axis Solution Ltd. are not available from the provided input. In many Indian companies, particularly those of a certain size, ownership is often promoter-led or family-controlled, with management quality varying based on experience, governance practices, and strategic vision.

8. Outlook

Axis Solution Ltd. operates in a sector with significant long-term potential, driven by India's industrialization and infrastructure growth ambitions. The "Make in India" initiative and government push for manufacturing provide a favorable backdrop. However, the company's performance will be heavily influenced by economic cycles, the competitive landscape, and its ability to innovate and execute projects efficiently. While demand drivers appear robust, the cyclical nature of capital goods, raw material price volatility, and intense competition present ongoing challenges. Success will likely depend on its specialized capabilities, strong customer relationships, and prudent risk management.

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Axis Solution Key Financials

Market Cap ₹1131 Cr.

Stock P/E 33.8

P/B 9

Current Price ₹239.4

Book Value ₹ 26.5

Face Value 10

52W High ₹305

Dividend Yield 0.21%

52W Low ₹ 15

Axis Solution Share Price

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Volume
Price

Axis Solution Quarterly Price

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Axis Solution Quarterly Results

#(Fig in Cr.) Dec 2021 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 10 26 56 23 42 37 99 27 49 46
Other Income 0 0 0 0 0 0 1 0 0 0
Total Income 10 26 56 23 42 38 100 28 50 46
Total Expenditure 10 22 53 12 32 35 86 25 44 39
Operating Profit 0 4 3 11 10 3 14 3 6 8
Interest 0 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 1 0 0 0
Exceptional Income / Expenses 0 0 10 0 0 0 0 0 0 0
Profit Before Tax -0 3 12 10 9 2 13 2 4 6
Provision for Tax 0 0 0 0 0 0 -1 0 0 0
Profit After Tax -0 3 12 10 9 2 13 2 4 6
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments -0 3 12 10 9 2 13 2 5 6
Adjusted Earnings Per Share -0.2 0.7 2.6 2.3 2 0.4 2.8 0.4 1 1.3

Axis Solution Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025 TTM
Net Sales 32 39 35 40 45 40 136 201 221
Other Income 1 1 1 2 1 1 0 2 1
Total Income 33 40 36 41 46 41 137 203 224
Total Expenditure 30 37 33 38 43 39 111 166 194
Operating Profit 3 2 3 3 3 3 26 37 31
Interest 1 1 1 1 1 1 3 3 4
Depreciation 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 10 0 0
Profit Before Tax 2 1 2 2 1 0 32 33 25
Provision for Tax 0 1 0 0 0 0 0 -1 -1
Profit After Tax 1 0 1 2 0 0 32 33 25
Adjustments -0 -0 -0 -0 -0 0 0 0 0
Profit After Adjustments 1 0 1 1 0 0 32 33 26
Adjusted Earnings Per Share 1.1 0.2 0.6 0.8 0.1 0 7.2 7.1 5.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 48% 65% 42% 0%
Operating Profit CAGR 42% 131% 65% 0%
PAT CAGR 3% 0% 101% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 6532% 263% 127% 18%
ROE Average 38% 39% 25% 18%
ROCE Average 29% 30% 20% 16%

Axis Solution Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Shareholder's Funds 17 25 25 26 23 23 58 117
Minority's Interest 10 12 11 13 11 11 0 -2
Borrowings 2 0 4 4 5 6 15 11
Other Non-Current Liabilities 0 1 1 1 1 3 2 2
Total Current Liabilities 10 8 21 16 36 53 57 71
Total Liabilities 38 45 63 60 76 95 133 199
Fixed Assets 5 7 7 9 9 8 47 48
Other Non-Current Assets 7 18 17 21 15 28 3 5
Total Current Assets 26 21 40 30 51 59 83 147
Total Assets 38 45 63 60 76 95 133 199

Axis Solution Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 2 2 3 2 1 3
Cash Flow from Operating Activities 0 -0 -6 3 -2 -1 11 -20
Cash Flow from Investing Activities 0 -9 3 -2 8 -1 18 -4
Cash Flow from Financing Activities 0 11 3 -1 -7 1 -27 26
Net Cash Inflow / Outflow 0 2 0 0 -1 -1 2 2
Closing Cash & Cash Equivalent 0 2 2 3 2 1 3 5

Axis Solution Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.11 0.22 0.62 0.83 0.12 0.05 7.17 7.08
CEPS(Rs) 2.64 0.9 1.46 1.7 1.16 1.06 7.38 7.34
DPS(Rs) 0 0 0 0 0 0 0 0.5
Book NAV/Share(Rs) 18.11 20.46 20.76 21.64 18.69 18.95 13.13 24.75
Core EBITDA Margin(%) 7.2 3.29 4.67 3.8 3.83 4 18.61 17.61
EBIT Margin(%) 7.36 4.47 6.82 6.94 3.8 3.88 25.4 17.97
Pre Tax Margin(%) 5.53 2.63 4.54 4.33 1.34 1.09 23.33 16.33
PAT Margin (%) 4.01 0.93 3.49 3.79 0.96 0.66 23.27 16.63
Cash Profit Margin (%) 5.99 2.8 5.04 5.18 3.15 3.15 23.95 17.22
ROA(%) 3.33 0.86 2.25 2.44 0.63 0.31 27.84 20.18
ROE(%) 9.77 1.91 4.9 5.88 1.76 1.17 78.41 38.25
ROCE(%) 10.29 6.69 7.67 8.07 5.09 4.77 54.59 29.21
Receivable days 158.93 134.79 227.25 220.6 256.34 427.9 128.23 125.96
Inventory Days 29.75 22.1 38.28 57.65 47.81 39.6 40.33 57.57
Payable days 47.69 22.13 304.32 345.18 255.6 298.66 136.51 68.3
PER(x) 49.21 240.41 72.01 3.94 39.61 89.28 0 0
Price/Book(x) 3.01 2.54 2.16 0.15 0.25 0.22 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.36 1.67 1.72 0.25 0.29 0.37 0.56 0.4
EV/Core EBITDA(x) 14.61 26.37 20.51 3.02 4.88 5.88 2.95 2.14
Net Sales Growth(%) 0 20.82 -9.57 13.71 12.4 -9.2 236.88 47.63
EBIT Growth(%) 0 -26.67 38.04 15.64 -38.45 -7.29 2105.88 4.44
PAT Growth(%) 0 -71.88 237.67 23.56 -71.58 -37.96 0 5.5
EPS Growth(%) 0 -80.49 187.29 32.83 -85.66 -61.4 0 -1.2
Debt/Equity(x) 0.43 0.16 0.33 0.34 0.4 0.5 0.59 0.33
Current Ratio(x) 2.67 2.58 1.85 1.9 1.44 1.12 1.45 2.08
Quick Ratio(x) 2.4 2.33 1.61 1.65 1.31 1.03 1 1.54
Interest Cover(x) 4.02 2.43 2.99 2.66 1.55 1.39 12.23 10.95
Total Debt/Mcap(x) 0.14 0.06 0.15 2.24 1.61 2.32 0 0

Axis Solution Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 2.45 2.45 2.45 2.45 85.64 85.64 85.64 85.64 85.64 85.84
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 1.74 1.74 1.74 1.74
Public 97.55 97.55 97.55 97.55 14.36 14.36 12.63 12.63 12.63 12.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Axis Solution News

Axis Solution Pros & Cons

Pros

  • Company has delivered good profit growth of 101% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39%
  • Debtor days have improved from 136.51 to 68.3days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 9 times its book value.
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