On 6 Nov 2026, Axis Solutions was priced at ₹519.10, or 81.0× trailing earnings, against an industry P/E of 33.8×, and the shares are 24% below their 52-week high. It earns ROCE of 27% and ROE of 22%, and sales grew 53% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.58× equity. It is a small-cap company with a market cap of ₹2,453 Cr, ranked 47th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 947% over the past year.
- ₹529.65
- ₹538.95
- ₹519.10
- ₹529.65
- 1.6K
Health check
- ReturnsAhead
+947.2% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 81.0 vs industry 33.8.
- GrowthStrong
Sales +53.2% a year over 3 years.
- ProfitabilityStrong
ROCE 27.5% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.58× equity, interest covered 10.0×, Piotroski 3 of 9.
- Red flags1 to check
P/E of 81.0 against an industry P/E of 33.8.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹2,453 Cr
- Small cap
- P/E
- 81.0
- Industry 33.8
- Price to book
- 16.95
- Peers 9.16
- Dividend yield
- 0.12%
- ROE
- 22.1%
- Peers 19.1%
- ROCE
- 27.5%
- Peers 24.8%
- Debt to equity
- 0.58
- Debt ₹81 Cr
- EPS (TTM)
- ₹6.41
- OPM (TTM)
- 18.5%
- Net margin 11.6%
- Sales growth
- +78.2%
- Latest quarter vs a year ago
- Profit growth
- +82.3%
- Latest quarter vs a year ago
- Price to sales
- 9.36
- EV/EBITDA 61.5
Strengths and risks
Strengths
- Return on equity of 22.1%.
- Return on capital employed of 27.5%.
- Quarterly profit up 82.3% on a year ago.
- Quarterly sales up 78.2% on a year ago.
Risks to check
- P/E of 81.0 against an industry P/E of 33.8.
About Axis Solutions
Axis Solutions Limited engages in the manufacture and sale of engineering products for oil and gas, refinery, cement, and water pollution equipment industries in India and internationally. It operates through three segments: Automation and Digitalisation, Water, and Industrial Engineering & Systems. The company also offers analyzer shelters, steam and water analysis systems, gas analysis system control panels, and automation system products; complex…
- Headquarters
- Ahmedabad
- Employees
- 222
- Sector
- Industrials
- ISIN
- INE520G01024
- Website
- axisindia.in
Price range
- Avg volume (3M)
- 8.1K
- 1-year return
- plus 947.2%
- From 52-week high
- minus 23.6%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| AXISOLAxis Solutions | 519.10 | minus 1.99% | 2,453 | 81.0 | 55.6 | 27.5% | 18.5% | 0.58 | 53.2% | plus 947.2% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 27.5 | 49.5 | 46.3 | 117 | 49 | |
| 24.8 | 43.6 | 38.9 | 88.4 | 42.8 | |
| 2.7 | 5.9 | 7.5 | 29 | 6.1 | |
| 9.9% | 11.9% | 16.1% | 24.7% | 12.5% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.7 | 1.2 | 1.1 | 1.6 | 2 | |
| 0.3 | 0.3 | 0.3 | 0.6 | 0.8 | |
| 1.7 | 4.4 | 6.1 | 26.9 | 3.5 | |
| – | – | – | 38.6% | 10.7% | |
| 2 | 4.9 | 6.2 | 16.5 | 3.7 | |
| 0.37 | 0.94 | 1.29 | 3.52 | 0.66 |
Profit & loss
- Sales CAGR 3Y
- +53.2%
- ROE
- 22.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 66.9 | 136 | 201 | 241 | |
| – | +103.7% | +47.6% | +19.5% | |
| 75.6 | 111 | 165 | 195 | |
| −8.7 | 25.4 | 36.4 | 45.5 | |
| −13.0% | 18.6% | 18.1% | 18.9% | |
| 0.1 | 0.3 | 0.9 | 0.1 | |
| 3 | 2.7 | 3.2 | 4.3 | |
| 0.8 | 0.9 | 1.2 | 1.6 | |
| −19 | 9.7 | – | −0.4 | |
| −31.4 | 31.8 | 32.9 | 39.2 | |
| −5.6% | 0.2% | −1.9% | 26.5% | |
| −33.2 | 31.7 | 33.5 | 28.8 | |
| – | – | +5.5% | minus 13.9% | |
| -550.20 | 7.17 | 7.49 | 6.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.1 | 44.3 | 47.3 | 47.3 | |
| −13.1 | 13.8 | 69.7 | 96.6 | |
| 61.2 | 34.5 | 38.1 | 81.5 | |
| 29.2 | 38.7 | 45.1 | 58.6 | |
| 89.4 | 131 | 200 | 284 | |
| 19.7 | 20.5 | 6.7 | 31.3 | |
| 0.1 | 0.8 | 1.4 | 2.1 | |
| – | – | 0.9 | 6.1 | |
| 1.2 | 3 | 5.3 | 5.4 | |
| 68.4 | 107 | 186 | 239 | |
| 89.4 | 131 | 200 | 284 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −19.1 | 11.3 | −19.9 | −22 | |
| −19.5 | 17.8 | −3.7 | −15.2 | |
| 36.5 | −27.3 | 25.9 | 37.3 | |
| −2.2 | 1.8 | 2.2 | 0.1 | |
| −19.6 | −1.8 | −2.4 | −11.3 | |
| −38.7 | 9.5 | −22.3 | −33.3 | |
| – | – | – | −2.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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