Synopsis:
AXISCADES wins ₹7.99 crore Indian Army order for portable counter-drone systems, marking a key milestone in defence tech and promoting self-reliant military solutions.
This Small-cap Defence Stock, engaged in providing advanced engineering and technology solutions, including product design, embedded software and hardware, system integration, manufacturing engineering, and aftermarket services, jumped 2 percent after securing a Rs. 7.99 crore order from the Indian Army.
With a market capitalization of Rs. 6,917.13 crores, the share of AXISCADES Technologies Limited has reached an intraday high of Rs. 1,675 per equity share, rising nearly 2.20 percent from its previous day’s close price of Rs. 1,639. Since then, the stock has retreated and is currently trading at Rs. 1,627.65 per equity share.
What is the news?
AXISCADES Technologies Limited, through its fully owned subsidiary AXISCADES Aerospace & Technologies, has received a major order from the Indian Army to supply 12 Man Portable Counter Drone Systems (MPCDS).
The order is worth Rs. 7.99 crores and will be completed within 12 months. This marks an important achievement for the company, as it is one of the first such orders placed under emergency procurement after Operation Sindhoor.
The counter-drone systems can detect drones from up to 5 km away and block their signals across different frequency bands. Despite their advanced capabilities, the systems are lightweight and easy for soldiers to carry and use in the field. This win highlights the Indian Army’s trust in AXISCADES and supports the goal of building strong, self-reliant defence technology in India.
Company Overview
AXISCADES Technologies Limited is a leading Indian technology solutions company specializing in engineering services across aerospace, defence, automotive, and industrial sectors.
The company provides comprehensive solutions from product design and development to manufacturing support and aftermarket services, catering to global OEMs, including top aircraft manufacturers.
AXISCADES Technologies Limited’s expertise includes aerospace systems, embedded software and hardware, digital engineering, FPGA and VLSI design, AI-driven surveillance, signal processing, and semiconductor support, serving industries such as defence, automotive, semiconductors, and hyperscalers.
The company has a global team of over 3,200 engineers and offices across North America, Europe, and Asia-Pacific, with its headquarters in Bengaluru. It is the preferred partner for the top aircraft OEMs, delivering complete aerospace solutions such as flight control systems, avionics, and aircraft interiors.
Recent quarter results
Coming into financial highlights, AXISCADES Technologies Limited’s revenue has increased from Rs. 224 crore in Q1 FY25 to Rs. 244 crore in Q1 FY26, which has grown by 8.93 percent. The net profit has also grown by 23.53 percent from Rs. 17 crore in Q1 FY25 to Rs. 21 crore in Q1 FY26. AXISCADES Technologies Limited’s revenue and net profit have grown at a CAGR of 8.91 percent and 20.11 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 13.8 percent and 12.7 percent, respectively. AXISCADES Technologies Limited has an earnings per share (EPS) of Rs. 17.63, and its debt-to-equity ratio is 0.40x.
Written by – Nikhil Naik
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