AXISCADES Eyes Robust Growth and Margin Expansion

Ashwin Thakker

— 2 min read
  • Sales Outlook: Targeting over 40% year-on-year growth in core verticals (Defense, Aerospace, ESAI) for FY26 and FY27. Full-year FY26 revenue growth guidance is around 25%, encompassing both core and non-core segments. The company aims for a $1 billion (Rs.9,000 crores) revenue by 2030 under its "Power 930" plan, implying a significant Compound Annual Growth Rate (CAGR).
  • Margin Outlook: Expecting approximately 300 basis points improvement in EBITDA margin for FY26. Core vertical EBITDA margins are targeted around 19.5% for the three fiscal years up to FY28, with a projection to rise to 20-21% from FY27 onwards. The Q1 FY26 enterprise-level EBITDA margin stood at 14%. Profitability is anticipated to accelerate in H2 FY26 due to back-ended defense order execution.
  • Order Book & Visibility: AXISCADES holds an order book of Rs.1,260 crores for FY26 and Rs.1,827 crores for FY27. Total forecast visibility combined with the order book reaches Rs.3,087 crores, providing a clear revenue pipeline.

AXISCADES Technologies Limited recently unveiled its Q1 FY26 earnings, painting a confident picture of future growth. The company is actively pursuing ambitious targets, aiming for substantial revenue and margin expansion, underpinned by strategic investments and a robust order book. This commentary delves into AXISCADES' forward-looking guidance, focusing on its core strengths and initiatives driving its vision for 2030.

Ambitious Revenue Growth and Strong Order Book

AXISCADES Technologies is pursuing aggressive expansion, projecting over 40% year-on-year revenue growth in its core verticals: Defense, Aerospace, and ESAI. This ambitious trajectory is well-supported by a robust order book of Rs.1,260 crores for FY26 and Rs.1,827 crores for FY27, creating combined forecast visibility exceeding Rs.3,000 crores. The company's long-term "Power 930" initiative aims for a remarkable $1 billion (Rs.9,000 crores) in revenue by 2030. Management expressed strong confidence, noting,

"We are in a comfortable position to achieve a 40%-plus growth."

Strategic global partnerships, such as with MBDA and Indra, are also enhancing capabilities and securing long-term revenue streams.

Driving Margin Expansion and Strategic Investments

Beyond revenue, AXISCADES is committed to significant margin expansion, projecting a 300 basis points improvement in EBITDA for FY26. Core verticals aim for approximately 19.5% EBITDA margins up to FY28, targeting 20-21% from FY27 onwards. Management anticipates profitability will

"accelerate in H2 '26"

with ramp-up in defense revenues. To fuel future growth and the 2030 vision, the company plans substantial investment—approximately $200 million (Rs.1,500 crores)—in world-class infrastructure and new facilities before FY27. These facilities are poised to significantly boost revenues. Efforts also include AI-powered engineering and talent upskilling to enhance efficiency and retain critical expertise.

AXISCADES Technologies demonstrates a clear path for significant growth and improved profitability. Backed by a strong order book, strategic partnerships, and substantial infrastructure investments, the company is systematically working towards its ambitious 2030 vision. The focus on core verticals, combined with efficiency-boosting initiatives, positions AXISCADES for sustained expansion and enhanced shareholder value.

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