NSEI:AXISCADES

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

AXISCADES Engineering Technologies

Executive Summary

AXISCADES Engineering Technologies Limited, together with its subsidiaries, provides product design, engineering, and research and development solutions in Europe, North America, and the Asia Pacific.


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

How has AXISCADES Engineering Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AXISCADES's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

27.3%

AXISCADES

-0.4%

IN Construction

1.3%

IN Market


1 Year Return

-7.6%

AXISCADES

-37.6%

IN Construction

-8.7%

IN Market

Return vs Industry: AXISCADES exceeded the Indian Construction industry which returned -37.6% over the past year.

Return vs Market: AXISCADES exceeded the Indian Market which returned -9% over the past year.


Shareholder returns

AXISCADESIndustryMarket
7 Day27.3%-0.4%1.3%
30 Day74.2%5.4%6.6%
90 Day105.0%26.7%30.2%
1 Year-7.6%-7.6%-36.2%-37.6%-7.0%-8.7%
3 Year-60.3%-60.3%-27.8%-30.9%1.7%-3.0%
5 Year-76.2%-76.2%-22.6%-27.5%27.6%17.9%

Price Volatility Vs. Market

How volatile is AXISCADES Engineering Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AXISCADES Engineering Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AXISCADES (₹59.15) is trading below our estimate of fair value (₹328.83)

Significantly Below Fair Value: AXISCADES is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AXISCADES is good value based on its PE Ratio (7.5x) compared to the Construction industry average (9.2x).

PE vs Market: AXISCADES is good value based on its PE Ratio (7.5x) compared to the Indian market (12.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AXISCADES's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AXISCADES is overvalued based on its PB Ratio (0.7x) compared to the IN Construction industry average (0.5x).


Next Steps

Future Growth

How is AXISCADES Engineering Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AXISCADES Engineering Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has AXISCADES Engineering Technologies performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXISCADES has high quality earnings.

Growing Profit Margin: AXISCADES became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AXISCADES's earnings have declined by -34.2% per year over the past 5 years.

Accelerating Growth: AXISCADES has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AXISCADES has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (-2.2%).


Return on Equity

High ROE: AXISCADES's Return on Equity (9.5%) is considered low.


Next Steps

Financial Health

How is AXISCADES Engineering Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: AXISCADES's short term assets (₹4.0B) do not cover its short term liabilities (₹4.1B).

Long Term Liabilities: AXISCADES's short term assets (₹4.0B) exceed its long term liabilities (₹1.3B).


Debt to Equity History and Analysis

Debt Level: AXISCADES's debt to equity ratio (38.2%) is considered satisfactory.

Reducing Debt: AXISCADES's debt to equity ratio has increased from 21% to 38.2% over the past 5 years.

Debt Coverage: AXISCADES's debt is well covered by operating cash flow (53.1%).

Interest Coverage: AXISCADES's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Next Steps

Dividend

What is AXISCADES Engineering Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AXISCADES's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AXISCADES's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AXISCADES's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AXISCADES's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AXISCADES's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Sharadhi Babupampapathy (55yo)

1.5yrs

Tenure

₹6,081,140

Compensation

Mr. Sharadhi Chandra Babupampapathy has been Chief Executive Officer & Executive Director of AXISCADES Engineering Technologies Limited since January 21, 2019. Mr. Babupampapathy is Chief Operating officer ...


CEO Compensation Analysis

Compensation vs Market: Sharadhi's total compensation ($USD81.48K) is above average for companies of similar size in the Indian market ($USD49.47K).

Compensation vs Earnings: Insufficient data to compare Sharadhi's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Sharadhi Babupampapathy
CEO & Executive Director1.5yrs₹6.08m0.0032% 70.8k
Shweta Agrawal
Company Secretary & Compliance Officerno datano datano data
A. Srinivas
Chief Financial Officer1.08yrsno datano data
V. Srinivasan
Chief Operating Officerno data₹4.47mno data
Sanjeev Kumar
Deputy General Manager of Marketing & Communicationsno datano datano data
Umang Singh
Vice President of Business Developmentno datano datano data
Srinivasulu Pulikam
Senior Vice Presidentno data₹7.28mno data
Marc Bouzaid
Head of BU Engineering Servicesno datano datano data
Ronald Rainson
President of Axis Incno datano datano data
Ajay Sarin
Chief Executive Officer of AXISCADES Inc1.5yrsno datano data

1.5yrs

Average Tenure

51.5yo

Average Age

Experienced Management: AXISCADES's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sharadhi Babupampapathy
CEO & Executive Director1.5yrs₹6.08m0.0032% 70.8k
H. Walker
Additional Non-Executive & Non-Independent Director0.083yrno datano data
Kailash Rustagi
Independent Director15.25yrs₹1.80mno data
David Bradley
Chairman1.17yrs₹30.00kno data
Pradeep Dadlani
Independent Director12.25yrs₹1.80mno data
Sudhakar Gande
Non Executive Director4.92yrs₹23.70m4.61% 102.6m
Mariam Mathew
Independent Director2.42yrs₹900.00kno data

2.4yrs

Average Tenure

60yo

Average Age

Experienced Board: AXISCADES's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AXISCADES Engineering Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AXISCADES Engineering Technologies Limited
  • Ticker: AXISCADES
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹2.228b
  • Shares outstanding: 37.76m
  • Website: https://www.axiscades.com

Number of Employees


Location

  • AXISCADES Engineering Technologies Limited
  • Kirloskar Business Park
  • Block C
  • Bengaluru
  • Karnataka
  • 560024
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532395BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2003
AXISCADESNSEI (National Stock Exchange of India)YesEquity SharesININROct 2003

Biography

AXISCADES Engineering Technologies Limited, together with its subsidiaries, provides product design, engineering, and research and development solutions in Europe, North America, and the Asia Pacific. The company operates in two segments, Engineering Design Services and Strategic Technology Solutions. It offers a range of engineering services, such as mechanical and electrical engineering solutions, electronics and embedded systems, manufacturing solutions, digital solutions, business consulting, and aftermarket solutions. The company also provides integration services for defense and offsets businesses. It serves the aerospace, defense and homeland security, heavy engineering, automotive, industrial production, energy, semiconductor, and medical and healthcare sectors under the AXISCADES brand. The company was formerly known as Axis-IT&T Limited and changed its name to AXISCADES Engineering Technologies Limited in August 2014. AXISCADES Engineering Technologies Limited was incorporated in 1990 and is headquartered in Bengaluru, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 12:59
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.