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AXISCADES Technologies
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AXISCADES is a leading technology solutions provider, catering to companies in diverse industries, such as aerospace, defence & homeland security, automotive, heavy engineering, industrial products, energy, semiconductor and medical & healthcare. AXISCADES is a preferred engineering partner for global OEMs with complex supply chains, mission-critical applications and highly advanced technologies. The Company supports customers across their entire value chain, from concept design to manufacturing to after-market solutions.
The Company was incorporated in 1990 and became Public Limited Company on April 2000. The Company is in the business of transitioning businesses to the internet,this is based on the principle of convergence of all businesses. IT&T has four business units which include: Etransitionit,Netmanageit,Smartsourceit and Nurtureit.
In 1999-2000 the company came out with a public issue last October, and has identified call center and software products as its core area,besides education. The company clients list include Ranbaxy,Apollo Tyres,Hero Cycles,ONGC,HDFC Bank etc.
During 2000-2001 the company opened its first SDC in NOIDA and was commissioned in the same year itself. It has also developed an application using B2B Generic engine as the core for the pharmaceutical and hospitality industries. The company has also launched its ticketing services through IT&T Entertainment Serivces Pvt Ltd a subsidiary of IT&T Ltd.
The company has signed a MOU for acquisition with AXIS Inc.,USA for an amount of USD 2.25 million and AXIS operates in the BPO space & is focused on the Engineering Design & HR segment and has had a very long business relationship with Caterpillar Inc.,a Fortune 500 company.
The company along with its Promoters and some other shareholders had entered into a Share Purchase Agreement with Tayana Software Solutions Pvt. Ltd. (TSSL) on 11.01.2008. TSSL has since acquired 60.83% stake in the company, including shares acquired through an Open offer to the Public, making the company its subsidiary and resulting to acquisition, the transaction was completed on 28.04.08.
The Company acquired a 54.28% stake in M/s Cades Digitech Pvt. Ltd. in Bangalore on 24th October, 2009. It remained focused on Engineering Design & till December 2010 on Software Development during 2009-10.
During 2009-10, a wholly owned subsidiary of the Cades Digitech Pvt. Ltd. was incorporated in Canada named as Cades Technology Canada Inc. The Company made further investment in Cades Digitech Pvt. Ltd. of Rs. 2,00,50,000. Due to a Preferential Issue made by Cades Digitech Pvt. Ltd. during the year, the total stake of company stood at 51.10% in M/s Cades Digitech Pvt. Ltd.
During 2011-12, the Company's subsidiary, Cades Digitech Pvt. Ltd., set up a dedicated Offshore Development Center (ODC) for one of the world's largest aircraft manufacturers' based out of Europe. Cades enhanced its existing engagement with a Germany based global leader for aircraft structures and aircraft manufacturing systems. The Board of Directors approved the Scheme of Arrangement for the merger of its subsidiary Cades Digitech Pvt. Ltd. into Axis Aerospace & Technology Limited (AAT) in 2011-12. The Company established a subsidiary in China under the name of Axis Mechanical Engineering Design (WUXI) Co Ltd. to explore business opportunities. Axis Mechanical Engineering Design (Wuxi) Co Ltd. was formed a Wholly Owned subsidiary in China on 7th December, 2012.
Further, on 8th February, 2013, Cades Digitech Pvt. Ltd. entered into a strategic partnership agreement proposing to acquire 76% stake in Studec Technologies India Pvt. Ltd., the Indian subsidiary of French engineering company Studec France, which specialises in Documentation Engineering and Publications, which was completed on 11th July 2013 and it became a subsidiary of Cades Digitech Pvt. Ltd. and subsequently was renamed as Cades Studec Technologies (India) Pvt. Ltd.
The Board of Directors of the Company at their meeting held on 23rd January 2013 had approved the Scheme of Arrangement where Cades Digitech Private Limited (Cades) was merged with the Company (Transferree Company), which became effective from 24 March 2014 and accordingly, all the assets and liabilities of Cades was transferred to Axis with effect from the Appointed Date of the Scheme i.e., 1 April 2012.
During 2015-16, the Board of Directors of Company announced the acquisition of AXISCADES Aerospace & Technologies Pvt. Ltd. (ACATL), an aerospace, defence and homeland security technologies company, through merger of its Holding Company namely India Aviation Training Institute Pvt. (IAT) with the Company which became effective from the Appointed date of the Scheme, 1st April 2016.
During FY 2015-16, the Company operated primarily across four sectors - Aerospace, Heavy Engineering, Automotive and Industrial Products, and Renewable Energy.
In FY 17, the Company operated across five main verticals - Aerospace, Defence, Heavy Engineering, Automotive and Energy.
During the year 2018-19, Company acquired Phase I of Mistral Solutions Pvt. Ltd. (MSPL), through a Scheme of Merger with the acquisition of 43.38% stake in Mistral Solutions from its existing shareholders, which completed on 15 December, 2017. An additional 44.62% stake as part of Phase 2 of the acquisition was acquired in FY 2019.
The Company incorporated a Joint Venture Company in the name of ASSYSTEM AXISCADES Engineering Pvt. Ltd., on 31 August, 2018. Tayana Digital Private Limited, was merged with Jupiter Capital Private Limited with effect from 17th October, 2018.
In 2020-21, the Company launched 3 new products, Elevated Skin Temperature Sensor, Social Distancing Application and Remote Operations Desk. In 2021-22, the Company established an Offshore Development Centre (ODC) at Hyderabad; set up a new office in Montoir de Bretagne, France to increase market further.
AXISCADES Technologies share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of AXISCADES Technologies indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how AXISCADES Technologies is valued compared to its competitors.
AXISCADES Technologies PE ratio helps investors understand what is the market value of each stock compared to AXISCADES Technologies 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of AXISCADES Technologies evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively AXISCADES Technologies generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of AXISCADES Technologies in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of AXISCADES Technologies shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of AXISCADES Technologies compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of AXISCADES Technologies over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of AXISCADES Technologies helps investors get an insight into when they can enter or exit the stock. Key components of AXISCADES Technologies Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where AXISCADES Technologies shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect AXISCADES Technologies ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of AXISCADES Technologies provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of AXISCADES Technologies highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of AXISCADES Technologies .
The balance sheet presents a snapshot of AXISCADES Technologies ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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