Axiscades Technologies Limited (AXISCADES.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-55.4%

₹827.91

vs ₹1,854.40 price

Levered DCF

₹110.63

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	89.5×	49.77×	74.15×	-195.26×	21.54×	-6.93×	3.57×	-29.4×
P/B	8.85×	5.75×	4.16×	3.01×	1.44×	0.5×	0.34×	0.84×
P/S	5.55×	3.62×	2.55×	1.25×	0.79×	0.29×	0.16×	0.39×
EV / EBITDA	38.19×	24.69×	18.83×	16.12×	6.29×	5.45×	2.34×	9.9×
Gross margin	27.8%	79.3%	80.6%	73.0%	80.3%	80.4%	83.9%	79.6%
Operating margin	11.5%	10.0%	10.4%	16.0%	8.0%	6.5%	10.1%	-0.2%
Net margin	6.2%	7.3%	3.4%	-0.6%	3.7%	-4.2%	4.5%	-1.3%
Current ratio	1.53×	2.22×	1.92×	1.51×	0.99×	1.07×	0.99×	1.03×
Debt / equity	0.53×	0.4×	0.54×	1.02×	0.22×	0.35×	0.55×	0.53×
Interest coverage	4.3×	3.18×	1.77×	3.63×	3.1×	1.5×	2.33×	-0.05×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	1.3%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.9%	11.5%	5.6%	-1.5%	6.7%	-7.3%	9.4%	-2.9%
Return on invested capital	7.4%	9.5%	6.7%	-4.2%	7.2%	7.3%	9.4%	-0.2%
Return on assets	4.9%	6.6%	2.9%	-0.6%	2.8%	-2.9%	3.5%	-1.1%
Free cash flow yield	-2.4%	1.4%	2.4%	5.9%	3.7%	77.5%	55.0%	9.4%
Earnings yield	1.1%	2.0%	1.3%	-0.5%	4.6%	-14.4%	28.0%	-3.4%
Enterprise value	₹67.8B	₹39.4B	₹27B	₹12.9B	₹4.9B	₹2.1B	₹2.3B	₹3.6B
Net debt / EBITDA	1.93×	1.29×	1.84×	3.39×	0.15×	1.47×	1.27×	3.34×
Cash conversion cycle (days)	101	111	144	110	88	41	42	88