AXISCADES Tech.

Q4 FY26Aerospace & Defense

AXISCADES Tech. Q4 FY26: Revenue ₹900 Cr

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,891

Market cap₹7.7K Cr

P/E234.9

Updated23 Sept 2026

Read4 min read

The short version

AXISCADES targets revenue of ₹9,000 crores by FY30, implying a high growth trajectory from current levels. AXISCADES aims to reach ₹9,000 crores revenue by FY30, requiring significant growth from ₹7,200 crores at 25%+ EBITDA margin.

From AXISCADES Tech.'s Q4 FY26 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

AXISCADES targets revenue of ₹9,000 crores by FY30, implying a high growth trajectory from current levels.
To reach this, a CAGR of around 90% from FY28 is indicated.
Expansion from ₹900 crores to ₹9,000 crores is driven by shifting from design-led revenue to manufacturing-led execution, yielding 10x-20x scale-up.
Serial production and acquisitions will accelerate revenue scaling.
FY27 revenue is projected at ₹1,377 crores, a 52% growth on the retained business base.
Strong order book includes ₹927 crores under execution, ₹285 crores assured forecast visibility, and ₹165 crores acquisition-linked visibility.
Space sector focus on space bus, payloads, synthetic aperture radar with global partnerships.

2 more points management made on revenue & sales performance

Profitability & Margins

AXISCADES aims to reach ₹9,000 crores revenue by FY30, requiring significant growth from ₹7,200 crores at 25%+ EBITDA margin.
Margins expected to saturate around 25-27%; earlier guidance of 30% EBITDA margins considered optimistic.
Normalized EBITDA margins targeted to improve from ~17-18% to over 20% by FY27 with 150-200 bps year-on-year improvements in core verticals.
FY26 reported PAT was impacted by revenue deferment, divestment restructuring, and tax base changes; normalized PAT showed 27.6% growth.
FY27 expected to start from a stronger operational base with portfolio reshaping and cleaner domain focus, driving higher margins and profitability.
Extraordinary gain of ~₹175 crores (₹41 EPS) expected from divestment in FY27.

2 more points management made on profitability & margins

See what AXISCADES Tech. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Total planned investment: INR 2,100 to 2,250 crores, fully self-funded through restructuring.
Segment-wise Capex:
DAC (Devanahalli Aerospace Campus): INR 1,200 crores.
MAC (Missile Atmanirbhar Complex, Hyderabad): INR 300 crores.
DAL (Devanahalli Aerospace Labs): INR 120 crores (INR 100 crores already spent).
Acquisitions: Approximately INR 600 crores planned, aiming to acquire four companies to jumpstart manufacturing.
Infrastructure expansion: Devanahalli and Hyderabad campuses becoming operational in FY27, focused on aerospace, defense, and space manufacturing.
Strategic partnership and manufacturing focus on space bus, payloads, and synthetic aperture radar with global partners.

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

AXISCADES has no plans for equity dilution or incremental long-term debt.
Expansion funding beyond the Akkodis cash will be covered by phase 2 of the disinvestment, planned for H1 FY27.
The company intends to self-fund the total investment plan of ₹2,100 to ₹2,250 crores (including DAC, MAC, DAL, and acquisitions) through restructuring phases.
The company aims to avoid external equity or debt fundraising and rely on internal cash flows and proceeds from divestments.

See what AXISCADES Tech. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The consolidated FY27 revenue is trending towards ₹1,377 crores, reflecting 52% growth on the retained business base.
Orders under execution total ₹927 crores (including ₹142 crores deferred from Q4 FY26).
There is assured forecast visibility worth ₹285 crores from design wins.
Acquisition-linked visibility accounts for ₹165 crores.
The company is building a strong pipeline in defense, focusing on large programs like swarm drones and CLRTS, with most shortlisted.
A $3.5 million order was recently secured from Qualcomm in the ESAI segment.

2 more points management made on order book & pipeline

AXISCADES Tech. — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹273 Cr, net profit ₹0 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What AXISCADES Tech.'s management said in earlier quarters

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Frequently Asked Questions

What were AXISCADES Tech. Q4 FY26 results?

What is AXISCADES Tech. share price analysis?

AXISCADES Tech. currently shows a neutral. The stock trades at a P/E of 234.9 with a market cap of ₹7,704 Cr. Investors should review the full earnings analysis for detailed insights.

Is AXISCADES Tech. planning capital expenditure?

Total planned investment: INR 2,100 to 2,250 crores, fully self-funded through restructuring. - Segment-wise Capex: - DAC (Devanahalli Aerospace Campus): INR 1,200 crores. - MAC (Missile Atmanirbhar Complex, Hyderabad): INR 300 crores. - DAL (Devanahalli Aerospace Labs): INR 120 crores (INR 100 crores already spent). - Acquisitions: Approximately INR 600 crores planned, aiming to acquire four companies to jumpstart manufacturing. - Infrastructure expansion: Devanahalli and Hyderabad campuses becoming operational in FY27, focused on aerospace, defense, and space manufacturing. - Strategic partnership and manufacturing focus on space bus, payloads, and synthetic aperture radar with global partners. - Creation of Xida Inc.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.