# AXISCADES Technologies share price today (AXISCADES Technologies Ltd, NSE: AXISCADES)

> AXISCADES Technologies share price today: ₹1,844.30 at the NSE close on 3 November 2026, up 15.2% in a year. AXISCADES Technologies (NSE: AXISCADES) is worth ₹7,844 crore, trades at a P/E of 238.9 and has closed between ₹1,123.50 and ₹2,304.25 over the past 52 weeks. > AXISCADES Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. AXISCADES · Aerospace & Defence - Equipments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/axiscades-technologies-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹1,844.30 (+15.2% in a year)
- P/E: 238.9× (higher than 99% of the last 11 years)
- Revenue (Jun 2026): ₹183 Cr (+94.7% on a year ago)
- Profit (Jun 2026): −₹15.0 Cr (−171.4% on a year ago)
- Operating margin: 4.7% (−2.3 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 7.4%, against a 12.0% cost of capital: −4.6 points

The main question: domestic institutions moved +6.1 percentage points over 8 quarters while the business went the other way. ## What is the AXISCADES Technologies share price today? AXISCADES Technologies Ltd's share price was ₹1,844.30 at the close on 3 November 2026. It has been rising for 95 weeks. That is 8.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,124 and ₹2,304, and at that close it sat 61% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row. Over the last 11 years the share price moved +724% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at AXISCADES Technologies this quarter? 2 points in one quarter and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row. 1. Promoters cut their stake by 13.2 points in one quarter From 58% to 44.8% in the September 2026 quarter. 2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 0.9% to 10.2% of the company by the September 2026 quarter. ## What are AXISCADES Technologies' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), AXISCADES Technologies reported revenue of ₹183 crore, up 94.7% from ₹94.0 crore a year earlier, and a loss of ₹15.0 crore, down 171.4% from ₹21.0 crore. ### AXISCADES Technologies results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹183 crore | ₹94.0 crore | +94.7% |
| Profit | loss of ₹15.0 crore | ₹21.0 crore | −171.4% |
| Earnings per share | ₹−3.49 | ₹4.88 | −171.5% |
| Operating margin | 4.7% | 7.0% | −2.3 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). AXISCADES Technologies' management discussed these results on a call held on 13 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the AXISCADES Technologies share price history? AXISCADES Technologies closed at ₹1,844.30 on 3 November 2026, up 15.2% from ₹1,601.10 a year earlier (31 October 2025) and up 2,065.9% over five years. Its highest weekly close since March 2016 was ₹2,304.25 on 1 October 2026. ### AXISCADES Technologies share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,915.05 | −3.7% |
| 1 month ago · 1 Oct 2026 | ₹2,304.25 | −20.0% |
| 6 months ago · 30 Apr 2026 | ₹2,008.50 | −8.2% |
| 1 year ago · 31 Oct 2025 | ₹1,601.10 | +15.2% |
| 3 years ago · 3 Nov 2023 | ₹529.50 | +248.3% |
| 5 years ago · 4 Nov 2021 | ₹85.15 | +2,065.9% |
| 10 years ago · 4 Nov 2016 | ₹204.30 | +802.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹223.75 | +724.3% |
| Highest weekly close since March 2016, also the 52-week high · 1 Oct 2026 | ₹2,304.25 | −20.0% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹28.85 | +6,292.7% |
| 52-week low (weekly close) · 6 Feb 2026 | ₹1,123.50 | +64.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on AXISCADES Technologies? 3 Nov 2026: AXISCADES Technologies closed at ₹1,844.30, down 3.7% on the week and down 20.0% on the month. 13 Aug 2026: AXISCADES Technologies held its results call for April to June 2026. Management guided: FY27 continuing-operations revenue ₹1,377 crore on an annualized pro forma basis. ### Earlier

- Results for April to June 2026: Revenue up 94.7% and profit down 171.4% on a year earlier. ## What dividend does AXISCADES Technologies pay? AXISCADES Technologies has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. AXISCADES Technologies Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did AXISCADES Technologies management say on the latest results call? On the call for April to June 2026, held on 13 August 2026, AXISCADES Technologies' management guided: FY27 continuing-operations revenue ₹1,377 crore on an annualized pro forma basis. > “This is the first quarter of that transition, and it is the quarter in which the cost of transition is most visible and the benefit of it is least visible.”
> Shashi, on the call for April to June 2026

### What management guided

- FY27 normalized operating profit goal reaffirmed; normalized profit broadly around 50% of operating profit and potentially higher after debt repayment. - Balance of deferred revenue to be recovered across Q2-Q3. - Akkodis Phase 1 closing planned by August 31 and Phase 2 by November 30; cash cited as ₹1,090 crore plus ₹524-525 crore, while total proceeds were elsewhere described as almost ₹920 crore; extraordinary gain approximately ₹1,255 crore; interim bridge drawdown capped at ₹100-150 crore. - AS9100 aerospace acquisition planned for Q2, with annualized FY27 revenue ₹180 crore and operating profit ₹39 crore at 22%; broader aerospace platform goals ₹375 crore revenue and ₹84 crore operating profit by January to March 2027. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4401/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 13 August 2026.)

## What to watch in AXISCADES Technologies' next results? When AXISCADES Technologies reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Akkodis closing and first proceeds receipt - verify conditions precedent, debt retirement, and deployment into manufacturing and acquisitions. - What to check (from the call)
- Akkodis closing and first proceeds receipt - verify conditions precedent, debt retirement, and deployment into manufacturing and acquisitions. - Deferred-delivery recovery - verify remaining spillover converts without another supply-chain or customer execution interruption. - Aerospace and XiDA acquisition closures - check completion and first revenue and operating profit contribution. - Defense earnings conversion - check whether program execution improves profitability as retained-company costs remain in place. ## Which stock lists is AXISCADES Technologies on? AXISCADES Technologies is on one of our India lists: Defence stocks. [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is AXISCADES Technologies profitable? AXISCADES Technologies Ltd posted a net loss of ₹15.0 Cr in the Jun 2026 quarter. Full-year FY26 profit was ₹72.0 Cr. Over 10 years profit has grown 9.5% a year on average. That loss is 8.2% of the quarter's revenue. The same quarter a year earlier earned ₹21.0 Cr. 1 of the last 12 reported quarters were loss-making. Jun 2026 profit was −₹15.0 Cr, −171.4% on a year earlier. For the full year, FY26 profit was ₹72.0 Cr (−4.0% on the year before). Why profit moved: revenue changed +94.7% on a year earlier and the margin moved −2.3 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −23.3% and revenue +18.2%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does AXISCADES Technologies make, and is it growing? AXISCADES Technologies Ltd reported ₹183 Cr of revenue in the Jun 2026 quarter, +94.7% on the same quarter a year earlier. Over 10 years it has grown 11.9% a year on average. The last full year, FY26, came in at ₹1,159 Cr. The last four reported quarters add to ₹934 Cr. FY26 revenue was ₹1,159 Cr, +12.4% on the year before. Recent pace: the last four quarters grew +18.2% on average, against 11.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +3.5%, against −1.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −55.0%, against −10.6% a year (rolling over). ## How much of every ₹100 of sales does AXISCADES Technologies keep? AXISCADES Technologies Ltd's operating margin was 4.7% in the Jun 2026 quarter, 2.3 percentage points lower than the same quarter a year ago. Across 13 years it has been between 2.2% and 18.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.5 percentage points on the year while gross margin changed −12.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is AXISCADES Technologies' profit turning into cash? Over the last 3 years, 92% of AXISCADES Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 its operations used ₹1.0 Cr of cash, against ₹72.0 Cr of profit. After ₹150 Cr of spending on assets, free cash was −₹151 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 92% of profit came in as cash: the cash cycle got 43 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building. ## Where does AXISCADES Technologies' cash go? AXISCADES Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 31 days in FY26, up from −12 days in FY21. It spent ₹318 Cr on assets over the last 3 years. Customers take 130 days to pay, and stock sits for 121 days on average. At FY26 sales of ₹1,159 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹98.0 Cr is tied up in the business at any time. FY26: customers took 130 days to pay and stock sat for 121 days, about 4.0 months of sales sitting as stock, for a full cycle of 31 days, longer than FY21's −12. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 121 days. Customers pay about 130 days after that. Suppliers are paid at 220 days. Together that makes the 31-day cycle. Spending on assets: ₹318 Cr over the last 3 years, against ₹118 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹53.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is AXISCADES Technologies' P/E ratio, and how does it compare with its own history? AXISCADES Technologies Ltd's P/E is 238.9×, about the highest it has ever been. Its usual P/E (the middle reading) is 37.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹8.55. Why the multiple is where it is: over the past year earnings per share moved −4.0% while the price moved +15.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +85.0% a year; about +14.8% a year came from earnings growth and about +70.2 percentage points from the multiple (the market paying more); over 10 years the price moved +24.6% a year; about −1.8% a year came from earnings growth and about +26.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the AXISCADES Technologies business getting better or worse? AXISCADES Technologies Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −55.0% in the latest quarter, against +188.0% at its best in 12 quarters, with ROCE falling at 10.7%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does AXISCADES Technologies earn on its capital? AXISCADES Technologies Ltd earned a ROCE of 15% in FY26. That is up from a low of 1% in FY19. Its return on capital used (ROIC) is 4.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.2% net margin and 0.79× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.2% net margin × 0.79× asset turnover × 2.01× leverage (assets divided by equity) ≈ 9.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.4% − 12.0% = −4.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does AXISCADES Technologies have too much debt? AXISCADES Technologies Ltd has total debt of ₹388 Cr against shareholder equity of ₹734 Cr as of Jun 2026, so its debt is 0.53× its equity. Year by year, that ratio went from 0.21 in FY22 to 0.53 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the AXISCADES Technologies shareholding pattern? Promoters cut their stake in AXISCADES Technologies Ltd by 15.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 44.8% of the company. Domestic institutions moved +6.1 points over the same period, to 10.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −15.0 points over 8 quarters, to 44.8%; Domestic institutions: +6.1 points over 8 quarters, to 10.2%; Foreign institutions: +1.2 points over 8 quarters, to 1.6%. Why the owners changed: promoters drove it (−15.0 points), with the other side taken by domestic institutions (+6.1 points). They reduced their stake. ## How far is AXISCADES Technologies from balance-sheet trouble? For AXISCADES Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does AXISCADES Technologies rank in its industry? 41.6 out of 100, rank 17 of 25 in Aerospace & Defence - Equipments, with 89% of the evidence available. AXISCADES Technologies Ltd scores 41.6 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 17. Relative strength against the index is 19.9%, and revenue and profit growth are weak. The four parts add up to the total exactly: 7.2 + 9.8 + 10.8 + 13.8 = 41.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is AXISCADES Technologies compared with? AXISCADES Technologies ranks 17 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 41.6 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.8 + 9.2 + 16.4 = 70.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 32.3 + 15.6 + 7.4 + 14.9 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ROSSTECH · leader · Evidence leans up · 79% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.2/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.5 + 8.2 + 8.8 + 19.5 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 12.6 + 9 + 14.9 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) HAL · breaking out · Evidence leans up · 96% evidence 52.4 out of 100 Growth Capital Valuation Relative
12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.8 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
17. AXISCADES Technologies Ltd this page AXISCADES · breaking out · Evidence leans down · 89% evidence 41.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.2/35 · Revenue 3.5% · Profit -55% · Operating margin change -2.3 points · 88% evidence Capital efficiency 9.8/25 · ROCE 15.4% · Operating margin 4.7% · 100% evidence Valuation 10.8/20 · P/E 243× · PEG 1.39 · 65% evidence Relative strength 13.8/20 · Lead over its industry -1.3% · Lead over NIFTY 500 19.9% · 1 year 17.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 7.2 + 9.8 + 10.8 + 13.8 = 41.6 · What this means: Relative strength against the index is 19.9%, and revenue and profit growth are weak. 18. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) BEML · breaking out · Evidence leans down · 88% evidence 40.9 out of 100 Growth Capital Valuation Relative
19. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 39.8 out of 100 Growth Capital Valuation Relative
20. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) BDL · basing · Evidence leans down · 96% evidence 35.6 out of 100 Growth Capital Valuation Relative
21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. [DCX Systems Ltd](https://www.sectoralpha.in/stocks/dcx-systems-ltd) DCXINDIA · quiet · Most evidence points down · 61% evidence 23.8 out of 100 Growth Capital Valuation Relative
25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Aerospace & Defence - Equipments](https://www.sectoralpha.in/sectors/aerospace-defence-equipments), all 25 compared on one page. ## Which companies are close to AXISCADES Technologies in size? AXISCADES Technologies is the 14th largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Zen Technologies, Aequs and Paras Defence and Space Technologies. Just below it: Dynamatic Technologies, Mishra Dhatu Nigam and Rossell Techsys. ### Aerospace & Defence - Equipments companies close in size

1. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ₹14,342 crore
2. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) ₹14,289 crore
3. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) ₹10,071 crore
4. AXISCADES Technologies Ltd ₹7,979 crore
5. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) ₹7,878 crore
6. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) ₹6,758 crore
7. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ₹5,128 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [Symbiotec Pharmalab Ltd](https://www.sectoralpha.in/stocks/symbiotec-pharmalab-ltd) ₹8,008 crore
2. [The Bombay Burmah Trading Corporation Ltd](https://www.sectoralpha.in/stocks/the-bombay-burmah-trading-corporation-ltd) ₹8,004 crore · FMCG - Foods
3. AXISCADES Technologies Ltd ₹7,979 crore
4. [Sudarshan Chemical Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd) ₹7,930 crore · Dyes & Pigments
5. [Sanofi Consumer Healthcare India Ltd](https://www.sectoralpha.in/stocks/sanofi-consumer-healthcare-india-ltd) ₹7,928 crore · Pharma - MNC bulk Drugs

## What else do people ask about AXISCADES Technologies? ### What is AXISCADES Technologies's share price today? AXISCADES Technologies Ltd's share price is ₹1,844.30, +15.2% over the past year. The whole company is worth ₹7,844 Cr on the market. In the last 52 weeks it traded between ₹1,124 to ₹2,304; today it is 61% of the way up from the low, 8.2% above its 200-day average (as of 3 November 2026). ### What were AXISCADES Technologies's latest quarterly results? AXISCADES Technologies Ltd reported revenue of ₹183 Cr and a net loss of ₹15.0 Cr for the Jun 2026 quarter. Revenue rose 94.7% and profit fell 171.4% compared with a year earlier. Earnings per share were −₹3.49. The operating margin was 4.7%, 2.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is AXISCADES Technologies's market cap? AXISCADES Technologies Ltd's market capitalisation is ₹7,844 Cr at a share price of ₹1,844.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is AXISCADES Technologies performing? AXISCADES Technologies Ltd's share price has been rising for 95 weeks. In its latest quarter, revenue rose 94.7% and profit fell 171.4% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will AXISCADES Technologies's share price go up? This page does not forecast AXISCADES Technologies Ltd's share price. What it shows instead: the share price is ₹1,844.30, and it has been rising for 95 weeks. Its P/E of 238.9× is higher than 99% of its own last 11 years (as of 3 November 2026). ### Who owns AXISCADES Technologies? Promoters own 44.8% of AXISCADES Technologies Ltd, foreign institutions 1.6%, domestic institutions 10.2% and the public 43.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 15.0 percentage points over 8 quarters (as of 3 November 2026). ### Does AXISCADES Technologies have too much debt? AXISCADES Technologies Ltd has a moderate amount of debt: its debt is 0.53× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹388 Cr against equity of ₹727 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is AXISCADES Technologies in its business cycle? AXISCADES Technologies Ltd's FY26 operating margin was 15.0%, against a 13-year range of 2.2% to 18.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 4.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the AXISCADES Technologies story? The main question: domestic institutions moved +6.1 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is AXISCADES Technologies a stock worth studying right now? What the numbers show: AXISCADES Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a AXISCADES Technologies share price forecast for 2026? What management itself guided: FY27 continuing-operations revenue ₹1,377 crore on an annualized pro forma basis. ## Lists

- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.