The shares of this Karnataka-based company, with experience in Aerospace & Defense, Automotive, Energy, Medical Devices, Digital, and Semiconductors, surged over 35 percent after it made a key announcement with Altera.
Price movement
With a market capitalization of Rs. 3,813 Crores, the shares of Axiscades Technologies Ltd. made a 52-week high of Rs 902.90 per share, up by 5 percent from its previous day’s close price of Rs 859.95 per share. The shares gained more than 35% from the last six trading sessions
What Happened
On 6 March 2025, Axiscades Technologies Ltd announced that its subsidiary Mistral Solutions had formed a strategic partnership with Altera to develop high-performance computing solutions for the aerospace and defence sectors. The partnership unveiled that it will leverage Altera’s Agilex 9 Direct RF FPGA technology for mission-critical defence applications.
Mistral Solutions is a chip-to-product company that delivers AI-enabled Aerospace & Defense Products for Radar, Sonar, EW systems, Telemetry systems, direction-finding systems, Mission-critical AI-enabled SBCs, and Video Processing to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defence missions.
Murali Krishnan, CEO of Mistral Solutions, said, “We are excited to join hands with Altera in accelerating defence technology innovation. This strategic collaboration will empower defence programs with high-performance computing, enabling real-time data processing and ultra-low latency communication. By integrating Altera Agilex™ 9 Direct RF FPGA technology into our solutions, we are set to revolutionize mission-critical applications with unparalleled processing power and efficiency.”
Financial Overview
It posted a revenue from operations of Rs 274 crores in Q3 FY25, up by 3.7 percent from its previous quarter revenue of Rs 264 crores. However, on a year-on-year basis, revenue has climbed 18.4 percent from its Q3 FY24 revenue. Whereas, Net Profit stands at Rs 14.8 crores as of Q3 FY25, up by 21 percent from its previous quarter, and reported a Net Profit of Rs 7.5 crore, on a y-o-y basis.
Other Information
It has a high PE of 71.1x, significantly higher than its industry PE of 28.71x and its median PE of 24.4x, signaling overvaluation. It has a low ROE (3 years) of 2 percent and a ROCE of 13.8 percent. The promoter holding has decreased by 8.39 percent over the last three years. As of December 2024, promoter holding is 59.56 percent.
Company Overview
AXISCADES Technologies Limited is a leading Indian multinational company specializing in Engineering Research & Development (ER&D) services. It is headquartered in Bangalore, Karnataka, and it offers end-to-end product engineering solutions across various sectors, including Aerospace & Defense, Automotive, Energy, Medical Devices, Digital, and Semiconductors.
Written by Satyajeet Mukherjee
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