#AXISCADES

Bengaluru-based #Axiscades (Mistral) has bagged a ₹25 crore order to supply 'Single Board Computer' for #HAL Tejas Mk1A fighter aircraft.

#AXISCADES: From Drawing Board to Defence Factory AXISCADES Technologies is quietly changing its business. Earlier, it was mainly an engineering-services company — essentially, customers paid it for engineers and design work. In 2026, the company has sold a large part of that business and is moving toward defence electronics, aerospace manufacturing, semiconductor/AI engineering and eventually space. The bigger story is not simply “defence spending is rising.” India is increasingly buying defence equipment from Indian companies. Defence production is also expanding, while demand is rising for radars, electronic warfare, counter-drone systems, missile electronics and other high-end electronics. This creates a larger opportunity for Indian subsystem manufacturers. AXISCADES sits in an interesting part of this chain. It does not build the entire missile or aircraft. Instead, it tries to build the important small pieces inside them — radar electronics, missile computers, beam-control systems, test benches, masts and other subsystems. And this is where the business model is changing. Old AXISCADES: Design something → provide engineers → get paid. New AXISCADES: Design → qualify → manufacture → integrate → test → supply. That is a much bigger role. The company is building this capability through its own facilities and the Cloud Wave acquisition, which adds precision manufacturing capability. It is also moving into aircraft wiring/EWIS and other aerospace manufacturing activities. The most interesting part is the qualification wall. In defence, getting a component designed into a missile or radar and then getting it qualified can take years. Once approved, replacing that supplier is not as easy as changing a normal vendor. AXISCADES already has some sole-source/design-won positions in defence. That means the company is trying to move from “we can make it” to “we are qualified to make it.” There is another leg: XiDA. XiDA works around semiconductor equipment, embedded systems, AI hardware and related engineering. So the company is also trying to participate in the growing semiconductor and AI hardware ecosystem rather than remaining only a defence supplier. Aerospace is following the same path. Instead of only designing aircraft components, AXISCADES wants to increasingly manufacture them. Cloud Wave and the EWIS programme are important building blocks for this transition. So the bigger picture is: Engineering services → Qualified subsystem → Manufacturing → Higher-value aerospace/defence products → Potential own IP That is the transformation investors should watch. But the story is still being built. The company has shown real design wins and manufacturing investments, but the new business has not yet proven stable margins, strong cash generation and high returns on capital. Q1 FY27 continuing EBITDA margin was around 10%, while FY26 operating cash flow was negative despite ₹178 crore EBITDA. So the key question is not: “Is the defence industry growing?” It is: “Can AXISCADES turn this industry growth into higher margins, better ROCE and, most importantly, cash?” That is where the real transformation will either become visible — or remain just a story.

#JustIn | #Axiscades: Promoter Jupiter Capital Sells 10.86% Equity Via Open Market Sale

Free to access. No paywall. #AXISCADES #TataTechnologies

India's Axiscades secures ₹600 crore defence orders for indigenous platforms In June Axiscades Aerospace and Technologies, one of the subsidiary companies of #Axiscades, had signed an agreement with MBDA to set up a defence facility in Karnataka. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements,"

Combat Tested — #Axiscades Man-Portable Anti Drone System🇮🇳

#AxisCades Incorporates wholly owned Indian arm Xponential Space to manufacture and operate satellites, payloads and allied space systems Disc. Sahasrar capital private limited, PMS - SEBI REGN No INP000007386. We are invested.

To enhance its logistics capability, the Indian Army has signed a ₹223.95 crore procurement agreement with #Axiscades Aerospace for 212 cutting-edge 50-ton tank transporters.

#Axiscades don’t get disappointed due to weak results. AxisCades undergoing the biggest and boldest business transformation. Another qtr or two and things look very different but market acts much before. We have seen it in #Lauruslabs when everyone on street wrote it off, we stood with conviction. Similar story to play out in AxisCades too. Weak results due to - deferment of 142 cr revenue and 40cr EBIDTA to H1FY27 because of supply chain issues - exceptional restructuring and divestment-related charges of nearly ₹18 Cr following the sale non core business - FY26 reflected a normalized tax charge compared to FY25, which had benefited from a one-time tax Disc. Sahasrar capital private limited, PMS - SEBI REGN No INP000007386. We are invested.

#AXISCADES: up

@jeevanpatwa #Axiscades: seems most of the damage is done

Mixed day #AxisCades bad results. As I keep telling, it is undergoing big transformation. Couple of quarters needed for things to stabilize. Have trust in the business and the management. Silver lining - ESAI doing well with 30% EBIDTA - Aerospace acquisition looks interesting with 22% EBIDTA #ManoramaInd blockbuster nos. Highest ever sales and PAT. Available at inexpensive valuations of 20x FY28 PE with 5x PAT growth visibility in 5 yrs Disc. Sahasrar capital private limited, PMS - SEBI REGN No INP000007386. We are invested.

#Axiscades Tech Business isn't just about numbers-its about people. And it's people who create the numbers. This one news is a new beginning of big numbers. I think Mcap / 5 will be the PAT in FY2030

#Axiscades Tech One of the best updates of the Company

#Axiscades business transformation has 4 stages 1. Selling non core (services) business 2. ⁠Build Defense and Satellite vertical through large JVs 3. ⁠Build Aerospace and Electronics vertical through acquisitions 4. ⁠Create large infrastructure to support growth all four verticals Disc. Sahasrar capital private limited, PMS - SEBI REGN No INP000007386. We are invested.

Bengaluru-based #Axiscades is planning to develop a massive integrated aerospace, defence & MRO cluster in #Karnataka with a proposed investment of ₹6,000 crore ($630 Million).

#Axiscades tech One of the best numbers from the best company. Waiting for 1000crs PAT Soon we are very close to it

India's Indigenous 5th-Generation Fighter Aircraft Takes Shape AXISCADES Technologies partners with Goodluck India and BrahMos Aerospace through a Tripartite MoU to support the AMCA programme in line with ADA’s Expression of Interest (EoI) A major leap towards self-reliant skies!

#AXISCADES playing both sides :) ESAI business now testing spatial audio devices for one hyperscaler, most likely AirPods supply chain work. Meanwhile OGMA deal opens Embraer platform access. One million dollar pilot is small but it proves India can move past body shopping into system-level validation. That's where margin lives. Adani just signed Embraer final assembly line MoU Recently. Same week AXISCADES signs with OGMA, Embraer's MRO arm. Not a coincidence. AXISCADES becomes the engineering layer, Air Works and Indamer handle hangar work, Adani owns the airports. Whole value chain locked up. Good for them. Bad for competitive tendering on IAF sustainment contracts. Offset obligations drive these deals, not love. OEMs need compliant India partners to discharge offset requirements on big defense buys like C-295 and KC-390. AXISCADES gets annuity revenue, OGMA gets India presence, Embraer gets offset credit. Everyone wins except indigenous capability. We get processes and data, not IP. Same story, different aircraft.

Bengaluru-based #Axiscades has signed a strategic partnership with the Embassy of France to enhance capabilities in Space Situational Awareness (SSA).

🔴#Bengaluru-based #Axiscades has signed a MoU with #France-based Electronic Bird Control to bring the 'E-Raptor' Falcon-inspired drone to India.

#AxisCades Tech has achieved its highest-ever topline and PBT. Based on the current growth trajectory, the Q2 topline could match the company’s full-year PAT within the next 2–3 years.

#Axiscades in Limelight 🚀

I went thru the amazing concall of Axiscades & I really loved it. My conviction has only grown stronger. With a ₹3,087 Cr order book, 40% CAGR guidance coupled with wins in defense, aerospace & semiconductors. To me this feels like India’s big 30%+ CAGR bet, here's why👇🧵...