Synopsis: AXISCADES signed an agreement in New Delhi with France to improve India’s Space Situational Awareness capabilities, strengthening India-France cooperation in tracking satellites and ensuring safer space operations.
This Small-cap Defence Stock, engaged in engineering solutions, product design, PLM, embedded systems, digital manufacturing, and IT services for aerospace, defence, automotive, and heavy engineering sectors, jumped 4 percent after signing an agreement with the French Government
With a market capitalization of Rs. 6,518.77 crores, the share of AXISCADES Technologies Limited has reached an intraday high of Rs. 1,535.85 per equity share, rising nearly 4 percent from its previous day’s close price of Rs. 1,476.75. Since then, the stock has retreated and is currently trading at Rs. 1,533.20 per equity share.
Reason Behind the Surge
On 25 February 2026, AXISCADES Technologies Limited signed an agreement at the Embassy of France in New Delhi to enhance India’s capabilities in Space Situational Awareness, which involves tracking and monitoring satellites and space debris to ensure safe space operations. The agreement may involve the provision of an optical station under a contract between AXISCADES and Aldoria to expand space surveillance capabilities in India.
The agreement was signed in the presence of Ms. Eléonore Caroit, Minister Delegate to the French Minister for Europe and Foreign Affairs, during the visit of French President Emmanuel Macron to India. This collaboration reflects growing cooperation between India and France in the space sector. The partnership aims to strengthen India’s technological capabilities and improve space safety, supporting future space missions and satellite operations.
Order Book
AXISCADES Technologies Limited has forecast revenue visibility of about Rs. 3,300-3,500 crore from ongoing program-based contracts, which supports its expected growth for the next financial year. The company refers to this as “forecast visibility” instead of a traditional order book. In addition, AXISCADES has a strong bid pipeline of nearly Rs. 14,000 crore, mainly in the defence and ESAI sectors, ensuring future growth opportunities.
Company Overview
AXISCADES Technologies Limited is a global technology and engineering solutions company headquartered in Bangalore. It provides end-to-end product development services mainly in aerospace, defence, and engineering sectors.
With over 3,000 professionals across 17 global locations, including Europe and North America, AXISCADES works with defence forces, government agencies, and OEMs to develop advanced systems such as avionics, radar, drones, and electronic warfare solutions.
Recent Quarter Results
Coming into financial highlights, AXISCADES Technologies Limited’s revenue has increased from Rs. 275 crore in Q3 FY25 to Rs. 343 crore in Q3 FY26, which has grown by 24.73 percent. The net profit has also grown by 86.67 percent from Rs. 15 crore in Q3 FY25 to Rs. 28 crore in Q3 FY26. AXISCADES Technologies Limited’s revenue and net profit have grown at a CAGR of 8.91 percent and 20.11 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 13.8 percent and 12.7 percent, respectively. AXISCADES Technologies Limited has an earnings per share (EPS) of Rs. 24.1, and its debt-to-equity ratio is 0.37x.
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