Synopsis :- Defence stock jumped nearly 3% after securing a ₹25 crore domestic order from Hindustan Aeronautics Limited under the LCA Mk1A programme for multi-year supply of Single Board Computers.
A small-cap company that is a technology solutions company focussing on engineering solutions and services has come into focus after securing a significant new order from Hindustan Aeronautics Ltd.
With the market capitalization of Rs. 5,907.37 crore, the shares of AXISCADES Technologies Limited were trading at Rs. 1,389.40, down by 1.85 percent from its previous day’s close price of Rs. 1,415.60 per equity share. The stock has touched an intraday high of Rs. 1,457.95, implying an increase of 2.99 percent from previous day’s close price.
Work Order
AXISCADES Technologies Limited has secured a new defence production order through its subsidiary Mistral Solutions Pvt. Ltd. under the LCA Mk1A programme of Hindustan Aeronautics Limited. The order, valued at around Rs. 25 crore, involves the supply of Single Board Computers over multiple years and is classified as a domestic supply contract.
The systems will be manufactured at AXISCADES newly commissioned Devanahalli Atmanirbhar Complex (DAL) facility at Bangalore Aerospace Park. The company stated that the order strengthens its contribution to the Make in India initiative and enhances its role in indigenous aerospace and defence manufacturing.
AXISCADES Technologies Limited reported an order book (referred to by management as forecast visibility) of approximately Rs. 3,300–Rs. 3,500 crore. Since the company operates on program-based contracts where order quantities depend on customer schedules and platform requirements, it uses the term “forecast visibility” instead of a conventional order book. However, both effectively represent the same revenue visibility, providing comfort for the next financial year’s planned growth.
In addition to this confirmed order book, the company has a strong bid pipeline of nearly Rs. 14,000 crore. This includes bids submitted and ongoing contract discussions, particularly with foreign OEMs, offering robust medium- to long-term growth visibility, with defence remaining the primary growth driver followed by ESAI.
About the Company & Financial
AXISCADES Technologies Limited is a global technology, product, and solutions provider operating across aerospace, defence, and ESAI domains. Headquartered in Bengaluru, with offices in France, Germany, Denmark, the USA, and Canada, the company employs over 3,000 professionals across 17 global locations, focusing on reducing program risk and accelerating time to market.
The company maintains long-term relationships with Defence Forces, the Ministry of Defence, defence laboratories, PSUs, and global OEMs. It has strong domain expertise in weapon systems, avionics, radar, electronic warfare, C4I2, drones, anti-drone systems, test solutions, ground support equipment, and homeland security, delivering innovative in-house and partnered solutions across land, naval, and aerospace platforms.
A return on equity (ROE) of about 12.7 percent, a return on capital employed (ROCE) of about 13.8 percent and debt to equity ratio at 0.37 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 53.8x lower as compared to its industry P/E 58.9x.
AXISCADES Technologies Limited reported strong growth in Q3FY26, with revenue rising to Rs. 343 crore, up 24.7 percent YoY from Rs. 275 crore in Q3FY25 and 14.7 percent QoQ from Rs. 299 crore in Q2FY26. The steady sequential improvement indicates healthy execution momentum, while the robust annual growth reflects expanding business traction.
EBITDA for Q3FY26 stood at Rs. 63 crore, marking a sharp 57.5 percent YoY increase from Rs. 40 crore and a 34 percent QoQ rise from Rs. 47 crore. The stronger EBITDA growth compared to revenue suggests improved operating efficiency and better cost management during the quarter.
Net profit came in at Rs. 28 crore, up 86.7 percent YoY from Rs. 15 crore and 21.7 percent QoQ from Rs. 23 crore. The significant bottom-line expansion highlights margin improvement and operating leverage, reinforcing the company’s earnings momentum in Q3FY26.
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