On 6 Nov 2026, Axtel Industries was priced at ₹387.30, or 20.0× trailing earnings, against an industry P/E of 33.8×, and the shares are 16% below their 52-week high. It earns ROCE of 32% and ROE of 19%, and sales and net profit grew 9.2% and 22% a year over 3 years. It is a small-cap company with a market cap of ₹626 Cr, ranked 77th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 6.7% over the past year.
- ₹387.00
- ₹393.95
- ₹382.50
- ₹386.55
- 2.6K
Health check
- ReturnsBehind
−6.7% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 20.0 vs industry 33.8.
- GrowthSteady
Sales +9.2%, profit +21.7% a year over 3 years.
- ProfitabilityStrong
ROCE 31.8% vs peer median 24.8%.
- Balance sheetFair
Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹626 Cr
- Small cap
- P/E
- 20.0
- Industry 33.8
- Price to book
- 5.02
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 19.5%
- Peers 19.1%
- ROCE
- 31.8%
- Peers 24.8%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹19.32
- Face value ₹10
- OPM (TTM)
- 18.2%
- Net margin 12.0%
- Sales growth
- +18.7%
- Latest quarter vs a year ago
- Profit growth
- +3.2%
- Latest quarter vs a year ago
- Price to sales
- 3.04
- EV/EBITDA 17.1
Strengths and risks
Strengths
- Return on equity of 19.5%.
- Return on capital employed of 31.8%.
- Quarterly sales up 18.7% on a year ago.
- P/E of 20.0 against an industry P/E of 33.8.
- Positive operating cash flow in each of the last 4 years.
About Axtel Industries
Axtel Industries Limited manufactures, supplies, and sells process engineering equipment and turnkey systems for food processing and pharmaceutical industries in India and internationally. The company provides solids handling equipment, such as sack tip stations, bulk loaders, belt conveyors, cyclones, reverse jet filters, screw feeders with valve, metering screw feeders, magnets, dual tunnel diverter valves, blowers, idler roller conveyors, Z-bucket…
- Headquarters
- Halol
- Employees
- 242
- Sector
- Industrials
- ISIN
- INE767C01012
- Website
- axtelindia.com
Price range
- Avg volume (3M)
- 4.8K
- 1-year return
- minus 6.7%
- From 52-week high
- minus 15.8%
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% |
| AXTELAxtel Industries | 387.30 | plus 0.19% | 626 | 20.0 | 14.1 | 31.8% | 18.2% | – | 9.2% | minus 6.7% |
| 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 |
|---|---|---|---|---|---|
| 27.2 | 67.3 | 58.6 | 70.6 | 32.3 | |
| 25.7 | 54.2 | 47.8 | 55.4 | 29.8 | |
| 1.5 | 13.2 | 10.8 | 15.2 | 2.5 | |
| 5.6% | 19.6% | 18.5% | 21.5% | 7.8% | |
| 1.8 | 1.6 | 1.4 | 1 | 1.2 | |
| 0.1 | – | 0.1 | 0.1 | 0.1 | |
| 1.1 | 1.2 | 1.3 | 1.3 | 1.1 | |
| 2.2 | 13.6 | 10.8 | 14.8 | 2.5 | |
| 12.4% | 25.7% | 26.3% | 24.5% | 23.1% | |
| 1.9 | 10.1 | 8 | 11.2 | 2 | |
| 1.17 | 6.26 | 4.94 | 6.91 | 1.21 |
Profit & loss
- Sales CAGR 3Y
- +9.2%
- Profit CAGR 3Y
- +21.7%
- EPS CAGR 3Y
- +21.7%
- ROE
- 19.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 165 | 223 | 168 | 215 | |
| – | +35.0% | minus 24.7% | +28.0% | |
| 141 | 178 | 144 | 174 | |
| 24.3 | 45.6 | 24.4 | 41.4 | |
| 14.7% | 20.4% | 14.5% | 19.2% | |
| −0.1 | 2,755 | 0.2 | 0.9 | |
| 0.3 | 0 | 0 | 0 | |
| 2.4 | 2,758 | 3.9 | 5 | |
| 1.5 | – | 3.3 | 4 | |
| 23 | 42.9 | 23.9 | 41.4 | |
| 24.6% | 25.0% | 24.7% | 24.7% | |
| 17.3 | 32.1 | 18 | 31.2 | |
| – | +85.7% | minus 43.9% | +72.9% | |
| 10.71 | 19.89 | 11.16 | 19.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.2 | 16.2 | 16.2 | 16.2 | |
| 80 | 96.9 | 106 | 108 | |
| 82.9 | 83 | 66 | 91 | |
| 179 | 196 | 189 | 216 | |
| 17 | 25.3 | 28.5 | 31.2 | |
| 4.7 | 0.4 | 0.8 | 0.3 | |
| 46 | 59.8 | 79.6 | 97.7 | |
| 111 | 110 | 79.6 | 86.3 | |
| 179 | 196 | 189 | 216 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.1 | 38.7 | 32 | 51.1 | |
| −20 | −9.5 | −25.5 | −27.7 | |
| −4.8 | −16,155 | −8,757 | −29.3 | |
| 5.4 | 13.1 | −2.2 | −5.9 | |
| −5.2 | −10,914 | −7 | −7.9 | |
| 24.9 | 27.8 | 25.1 | 43.2 | |
| −3.2 | −14,539 | −8,077 | −29.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.5% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.