Axiscades Tech.

₹610.6 10.6 | 1.8%

WEBSITE BSE:532395 NSE : AXISCADES 10 May, 16:01

Market Cap ₹2561 Cr.

Stock P/E 58.5

P/B 4.4

Current Price ₹610.6

Book Value ₹ 140.2

Face Value 5

52W High ₹848

Dividend Yield 0%

52W Low ₹ 314.2

Edit Ratio

Axiscades Tech. Research see more...

Overview Inc. Year: 1990Industry: IT - Software

AXISCADES Technologies Ltd, formerly AXISCADES Engineering Technologies Ltd, is an India-based technology solutions enterprise. The Company is targeted on providing engineering solutions and services. Its segments include Engineering and Strategic technology solutions. Its services encompass digitization, shop floor automation, smart procedure automation, production intelligence, Internet of things, augmented and virtual, mechanical engineering, additive manufacturing, artificial intelligence/machine mastering, technical courses, embedded solutions and product lifecycle management. The Company serves diverse industries, which includes aerospace, automobile, off highway and industrial, protection, energy and medical gadgets.

Axiscades Tech. Share Price

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Peer Comparison

Axiscades Tech. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	136	170	193	184	196	216	226	215	252	232
Other Income	3	0	3	3	4	2	1	2	1	2
Total Income	139	170	196	187	200	218	227	216	254	234
Total Expenditure	124	150	164	161	156	184	179	181	216	202
Operating Profit	15	20	32	26	44	34	48	36	38	32
Interest	4	4	4	2	8	12	14	20	12	12
Depreciation	6	6	7	6	7	6	7	7	9	8
Exceptional Income / Expenses	0	0	-2	-44	0	-24	0	0	0	0
Profit Before Tax	5	10	19	-26	28	-8	27	8	18	11
Provision for Tax	2	2	8	5	7	2	11	3	6	3
Profit After Tax	3	8	11	-32	21	-10	16	6	11	8
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	3	8	11	-32	21	-10	16	6	11	7
Adjusted Earnings Per Share	0.7	2.1	2.8	-8.4	5.5	-2.7	4.2	1.5	2.9	1.9

Axiscades Tech. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	286	307	318	375	487	519	608	673	524	610	822	925
Other Income	1	3	2	4	15	15	9	8	14	9	6	6
Total Income	287	310	319	379	501	534	617	680	538	619	828	931
Total Expenditure	260	278	276	322	448	501	594	580	459	538	675	778
Operating Profit	27	32	44	58	54	33	23	101	80	81	152	154
Interest	4	4	3	2	13	14	25	30	24	17	37	58
Depreciation	8	8	9	10	12	19	20	33	26	25	27	31
Exceptional Income / Expenses	0	-0	-3	-1	1	-3	15	0	-41	-2	-68	0
Profit Before Tax	15	20	29	45	29	-3	-8	38	-11	37	21	64
Provision for Tax	0	4	9	16	14	5	-1	8	11	14	26	23
Profit After Tax	15	16	20	29	15	-8	-7	30	-22	23	-5	41
Adjustments	-3	-1	-0	-0	-0	-0	-1	-0	-0	-0	-0	0
Profit After Adjustments	12	15	19	29	14	-8	-8	30	-22	22	-5	40
Adjusted Earnings Per Share	6	7.6	7.1	10.5	3.7	-2.2	-2.2	7.9	-5.7	5.9	-1.4	10.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	7%	10%	11%
Operating Profit CAGR	88%	15%	36%	19%
PAT CAGR	-122%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	83%	109%	62%	25%
ROE Average	-1%	-0%	1%	8%
ROCE Average	11%	10%	10%	14%

Axiscades Tech. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	76	101	125	158	301	292	285	315	299	331	338
Minority's Interest	20	2	2	3	3	3	4	4	5	5	6
Borrowings	0	8	1	0	27	73	49	39	21	0	171
Other Non-Current Liabilities	-3	-1	2	1	48	98	83	61	50	-6	13
Total Current Liabilities	75	60	55	79	122	276	325	409	340	436	357
Total Liabilities	168	171	185	241	501	741	745	828	714	766	885
Fixed Assets	41	34	49	48	159	344	339	355	288	286	312
Other Non-Current Assets	32	34	14	28	106	52	70	70	62	48	34
Total Current Assets	95	103	123	165	236	346	336	403	364	432	538
Total Assets	168	171	185	241	501	741	745	828	714	766	885

Axiscades Tech. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	7	3	17	24	36	13	31	45	53	71
Cash Flow from Operating Activities	28	16	31	31	9	-38	37	65	122	31	71
Cash Flow from Investing Activities	-16	-6	-8	-21	1	-44	-13	-3	-22	30	-201
Cash Flow from Financing Activities	-5	-16	-9	-1	2	47	-7	-48	-93	-42	133
Net Cash Inflow / Outflow	6	-6	14	9	12	-34	17	14	7	18	3
Closing Cash & Cash Equivalent	7	3	17	26	36	13	31	45	53	71	75

Axiscades Tech. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.05	7.55	7.14	10.51	3.74	-2.18	-2.15	7.88	-5.74	5.86	-1.37
CEPS(Rs)	11.2	12.09	10.72	14.41	7.08	2.9	3.34	16.65	1.15	12.59	5.69
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	38.15	48.93	46.07	57.99	79.83	77.25	75.38	82.99	78.24	84.98	84.92
Core EBITDA Margin(%)	9.06	9.43	13.22	14.3	8.05	3.54	2.25	13.87	12.46	11.77	17.83
EBIT Margin(%)	6.61	7.66	9.86	12.47	8.65	2.25	2.88	10.13	2.47	8.8	7.04
Pre Tax Margin(%)	5.24	6.37	9.07	11.92	5.92	-0.54	-1.29	5.68	-2.07	6.02	2.56
PAT Margin (%)	5.11	5.21	6.24	7.72	2.99	-1.5	-1.17	4.48	-4.13	3.72	-0.58
Cash Profit Margin (%)	7.82	7.87	9.18	10.44	5.5	2.11	2.08	9.34	0.83	7.82	2.64
ROA(%)	9.03	9.41	11.1	13.6	3.92	-1.26	-0.96	3.83	-2.81	3.06	-0.58
ROE(%)	21.19	18.39	17.77	20.49	6.34	-2.63	-2.47	10.08	-7.11	7.34	-1.48
ROCE(%)	17.29	18.79	21.9	27.8	14.83	2.88	4.04	15.22	3.11	14.29	11.21
Receivable days	84.4	80.9	76.19	70.42	63.15	87.92	95.71	86.59	102.41	81.55	72.01
Inventory Days	0	0	0	0	1.46	11.28	15.11	10.79	14.95	22.39	26.08
Payable days	0	0	0	0	124.79	257.88	164.88	151.55	186.09	187.94	147.3
PER(x)	7.39	5.89	47.26	27.26	43.24	0	0	3.53	0	21.68	0
Price/Book(x)	1.17	0.91	7.32	4.94	2.02	1.8	0.81	0.33	0.51	1.5	3.15
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.41	0.36	2.89	2.06	1.27	1.16	0.53	0.27	0.26	0.7	1.51
EV/Core EBITDA(x)	4.45	3.5	21.03	13.42	11.52	17.96	14.3	1.77	1.74	5.26	8.12
Net Sales Growth(%)	25.12	7.28	3.51	18.2	29.67	6.65	17.06	10.72	-22.15	16.5	34.62
EBIT Growth(%)	1.64	24.42	33.25	49.44	-10.08	-72.25	49.67	290.08	-81.04	315.37	7.73
PAT Growth(%)	19.66	9.27	23.96	46.35	-49.81	-153.69	8.77	522.86	-171.85	204.74	-121.16
EPS Growth(%)	0.07	24.88	-5.45	47.23	-64.43	-158.44	1.42	465.84	-172.81	202.21	-123.36
Debt/Equity(x)	0.52	0.34	0.21	0.17	0.27	0.47	0.53	0.46	0.25	0.15	0.97
Current Ratio(x)	1.27	1.71	2.24	2.08	1.94	1.25	1.03	0.99	1.07	0.99	1.51
Quick Ratio(x)	1.28	1.73	2.25	2.11	1.94	1.15	0.97	0.94	1	0.87	1.32
Interest Cover(x)	4.83	5.95	12.5	22.76	3.18	0.81	0.69	2.28	0.54	3.17	1.57
Total Debt/Mcap(x)	0.45	0.37	0.03	0.04	0.13	0.26	0.66	1.37	0.48	0.1	0.31

Axiscades Tech. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.95	67.67	66.53	66.53	66.18	66.18	66.18	65.74	65.74	60.3
FII	0.01	0.02	0	0.09	0.01	0.08	0.08	0.08	0.31	0.37
DII	0	0	0	0	0	0	0	0	0.16	8.55
Public	32.04	32.31	33.47	33.38	33.81	33.74	33.74	34.18	33.79	30.77
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.57	2.57	2.53	2.53	2.53	2.53	2.53	2.53	2.53	2.53
FII	0	0	0	0	0	0	0	0	0.01	0.02
DII	0	0	0	0	0	0	0	0	0.01	0.36
Public	1.21	1.22	1.27	1.27	1.29	1.29	1.29	1.31	1.3	1.29
Others	0	0	0	0	0	0	0	0	0	0
Total	3.78	3.79	3.8	3.8	3.82	3.82	3.82	3.85	3.85	4.19

Pros

Debtor days have improved from 187.94 to 147.3days.

Cons

Company has a low return on equity of -0% over the last 3 years.
Stock is trading at 4.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.