Defence stock jumps after receiving an order worth ₹100 Cr from Bharat Electronics

Synopsis: Axiscades shares rose 2% after subsidiary Mistral Solutions won a ₹100 crore domestic order from Bharat Electronics for Signal and Data Processing Units, strengthening UAV surveillance and highlighting its embedded systems expertise.

The shares of the Small-Cap company specializing in providing end-to-end engineering and technology solutions, with a core focus on Aerospace, Defence, and ESAI (Electronics, Semiconductors, and Artificial Intelligence), are in focus after receiving an order from Bharat Electronics Limited (BEL).

With a market capitalization of Rs. 5,334.23 Crores on Monday, the shares of Axiscades Technologies Ltd rose upto 1.6 percent, reaching a High of Rs. 1306.10 compared to its previous close of Rs. 1284.55.

What Happened 

Axiscades Technologies Ltd, engaged in providing end-to-end engineering and technology solutions, with a core focus on Aerospace, Defence, and ESAI, informs that its subsidiary, Mistral Solutions Private Limited, has secured a supply order from Bharat Electronics Ltd (BEL), Ministry of Defence.

The order is for providing Signal and Data Processing Units along with associated spares, and the order is domestic, valued at approximately Rs. 100 Crores, and is to be executed over a two-year period. 

The contract strengthens low-altitude surveillance capabilities against UAVs and fighter jets, highlights Mistral’s expertise in liquid-cooled, high-performance embedded systems, and positions the company to capture further opportunities in India’s indigenous defence electronics sector.

Mr C. Manikandan, CEO, Mistral Solutions Private Limited, said: “LLTR Ashwini programme win reflects Mistral’s continued commitment to supporting India’s defence indigenisation initiatives and contributing critical technologies to next-generation military systems”.

Financials

The company’s revenue rose by 12.97 percent from Rs. 265 crore in September 2024 to Rs. 299 crore in September 2025. Meanwhile, the Net profit rose from  Rs. 12 crore to  Rs. 23 crore during the same period.

The company has demonstrated strong financial performance, with a return on capital employed (ROCE) of 13.8% and a return on equity (ROE) of 12.7%. It maintains a conservative capital structure with a debt-to-equity ratio of 0.3. Over the past five years, the company has achieved impressive profit growth, posting a 21.3% CAGR.

AXISCADES is a leading end-to-end technology, product, and solutions provider, supporting the creation of innovative, sustainable, and safer products worldwide across the Aerospace, Defence, and ESAI domains. 

It is headquartered in Bangalore and has subsidiaries and offices in France, Germany, Denmark, the USA, and Canada. AXISCADES boasts a diverse team of over 3,000 professionals working across 17 global locations, dedicated to reducing program risk and accelerating time to market.

The company has a long-term relationship with the Defence Forces, MoD, Defence Labs and PSUs, along with global OEMs. They possess deep domain experience in Weapon Systems, Avionics, Radar, Electronic Warfare, C4I2, Drones, Anti-Drone Systems, Test Solutions, GSE and GHE. AXISCADES has executed several innovative in-house projects and partnered solutions for Land, Naval, Aerospace and Homeland Security.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Defence stock jumps after receiving an order worth ₹100 Cr from Bharat Electronics appeared first on Trade Brains.