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Axtel Industries Ltd (523850)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523850 NSE: Engineering - Industrial Equipments | Small Cap | Axtel Inds. Share Price

₹451.80 -0.50 (-0.11%)

As on 10-Jun'26 16:01

Axtel Industries Ltd (523850)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523850 NSE: Engineering - Industrial Equipments | Small Cap | Axtel Inds. Share Price

₹451.80 -0.50 (-0.11%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹731 Cr.
Current Price
₹451.8
52-Week Low / High
₹335 / 550
TTM EPS
₹19.3
TTM Sales
₹224 Cr.
Book Value per Share
₹77.2
P/E Ratio
23.45
Lower than its 5-year historical median
Industry PE
56.2
Price to Book (P/B)
5.86
Lower than its 5-year historical median
Price to Sales (P/S)
3.27
Lower than its 5-year historical median
EV/EBITDA
15.32
Lower than its 5-year historical median
Dividend Yield
2.37%
Profitability Efficiency
Return on Equity (ROE)
15.30%
Outperforms industry median
Return on Capital Employed (ROCE)
20.89%
Outperforms industry median
Return on Assets (ROA)
9.07%
Operating Profit Margin
13.3%
Net Profit Margin
10.09%
Gross Profit Margin
15.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-20.05%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-45.89%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-43.88%
Asset Quality
Promoter Holding
49.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹138 Cr.
Equity
₹16.2 Cr.
Face Value
₹10
All Time Low / High
₹0.34 / 850.30

Axtel Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Axtel Industries Ltd a good quality company?
Axtel Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Axtel Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Axtel Industries Ltd vs industry peers?
Axtel Industries Ltd revenue CAGR is 12.37%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Axtel Industries Ltd?
Promoters hold 49.95% of the Axtel Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Axtel Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Axtel Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.1%22.1%18.8%37.2%26.9%43.9%25.2%27.1%42.5%20.9%-
Value Creation
Index
0.30.60.41.70.92.10.80.92.00.5-

Growth Parameters

Sales 67.176.181.511199.7153144180223179224
Sales YoY Gr.-13.4%7.1%35.9%-10%53.9%-6.1%25.1%24%-20.1%-
Adj EPS 34.23.77.96.613.27.810.419.810.919.3
YoY Gr.-41.1%-12.7%115.6%-17%101.5%-40.7%33.3%89.2%-45%-
BVPS (₹) 18.622.826.632.234.144.25059.57075.977.2
Adj Net
Profit
4.86.85.912.810.621.312.716.931.917.531
Cash Flow from Ops. -1.215.111.89.11224.5-11.130.138.731.2-
Debt/CF from Ops. -8.20.30.40.10.60-0000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.5%12.4%7.4%-20.1%
Adj EPS 15.5%10.6%11.5%-45%
BVPS16.9%17.4%14.9%8.5%
Share Price 35.5% 7.2% 15% -3.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.120.114.826.819.833.816.619.130.514.925.2
Op. Profit
Mgn %
15.41412.41814.418.912.312.719.713.318.2
Net Profit
Mgn %
7.28.97.311.510.613.98.89.414.39.813.9
Debt to
Equity
0.30.10.100.1000000
Working Cap
Days
203178198175209139195220197209115
Cash Conv.
Cycle
878170638547851079410761

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales677682111100153144180223179
Operating Expenses + 5765719185125127157179155
Manufacturing Costs7981091114202416
Material Costs323641544882769610888
Employee Cost 12141617202326293437
Other Costs 66799911121414
Operating Profit 10111020142917234424
Operating Profit Margin (%) 15.4%14.0%12.4%17.9%14.4%18.7%11.8%12.6%19.7%13.3%
Other Income + 0113433435
Exceptional Items 000-1002000
Interest 1110110121
Depreciation 3323333234
Profit Before Tax 68818152919234324
Tax 11254856116
Profit After Tax 57613112114173218
PAT Margin (%) 7.2%9.0%7.3%11.7%10.9%13.9%9.6%9.6%14.4%10.1%
Adjusted EPS (₹)3.04.23.78.06.713.28.610.719.911.2
Dividend Payout Ratio (%)0%0%40.90%18.70%37.10%45.50%23.40%28%30.20%98.60%

Valuation of Axtel Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3037435255718196113123
Share Capital 16161616161616161616
Reserves 142127363955658097106
Debt +7341700000
Long Term Debt2011100000
Short Term Debt5330700000
Minority Interest0000000000
Trade Payables8121914171931403324
Others Liabilities 16152124262423486145
Total Liabilities 61668791106115135184206191

Fixed Assets

Net Fixed Assets +19171716161614132528
Gross Block39192224262931314753
Accumulated Depreciation20358111316182125
CWIP 0000100501
Investments 041415263418343557
Inventories14121822312337455237
Trade Receivables18182019122046625033
Cash Equivalents 1745486122522
Others Assets 1091314171514141914
Total Assets 61668791106115135184206191

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1151291225-11303931
PBT 6881815291923624
Adjustment 5334011221
Changes in Working Capital -1163-712-2811612
Tax Paid -1-2-2-5-4-8-5-624-6
Cash Flow From Investing Activity + -1-4-13-2-11-814-20-9-25
Capex -1-1-3-2-3-2-2-5-11-7
Net Investments 0-4-11-1-10-716-151-19
Others 0101210000
Cash Flow From Financing Activity + -4-6-1-6-2-13-5-5-16-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3-21-0-0-0-0-000
Interest Paid -1-1-1-0-1-1-0-1-2-1
Dividend Paid 000-3-6-5-5-3-15-8
Others 1-3-2-36-70-000
Net Cash Flow -55-31-14-2513-3

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.2420.4214.8527.2620.3433.718.1819.5530.7315.3
ROCE (%)18.1122.118.8437.1726.8543.9125.1927.1142.5320.89
Asset Turnover Ratio1.141.31.091.241.011.391.151.131.140.9
PAT to CFO Conversion(x)-0.22.1420.691.091.19-0.791.761.221.72
Working Capital Days
Receivable Days76.6079.5083.6065.2057.303883.60108.909184.20
Inventory Days77.205766.1065.209663.407582.7079.4091.50
Payable Days122.10100138.20110.90119.1081.80120.30135.80123.80118.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Axtel Industries Ltd FAQs

The current trading price of Axtel Inds. on 10-Jun-2026 16:01 is ₹451.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Axtel Inds. stood at ₹730.7 Cr

The latest P/E ratio of Axtel Inds. as of 09-Jun-2026 is 23.45.

The latest P/B ratio of Axtel Inds. as of 09-Jun-2026 is 5.86.

The 52-week high of Axtel Inds. is ₹550.0 and the 52-week low is ₹335.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Axtel Inds. is ₹224 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Axtel Industries Ltd is a good quality company.

The key valuation ratios of Axtel Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Axtel Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Axtel Industries Ltd

Axtel Industries is a customer oriented, technology driven company that is recognized for turnkey systems, new product development and exemplary customer service. The company’s philosophy is to supply customers with the best equipment and the best technology at a competitive price with efficiency being an integral part of the system. Over the years the company has developed an international reputation for reliability, flexibility and productivity improvement. Excellent reputations don’t come easily. The company has been forged through a commitment to uncompromised quality in design and service.

Each customer has different needs. Its customers come back to it because of its ability to meet those individual needs. The company draws upon more than 15 years of cumulative knowledge gained from serving customers globally. Its unique position today paves the way for cultivating genuine partnerships and jointly pioneering new techniques with the company’s customers. Its customers have endorsed the efforts with enthusiasm by labeling the company as - “preferred choice”.

The company encourages customers to visit its extensively equipped Works at Halol, near Baroda. Here, it has all the facilities necessary to manufacture its robust & aesthetically pleasing equipment.

Axtel design engineers use their collective experience to determine the individual needs of each application and to produce a complete turnkey proposal. The systems offered are optimized to your processing needs and the designs precisely tailored to its customers’ unique requirements.

Equipment manicured by the company

  • Process Plants Equipment
  • Process Equipment  
  • Size Reduction Equipment 
  • Sieving & Straining Equipment 
  • Material Handling Equipment  
  • Storage & Discharge Equipment  
  • Custom Designed Equipment
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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