Multibagger defence stock hits 5% upper circuit after Co. to set up missile launcher facility near Bengaluru

The shares of the technology solutions provider hit 5 percent upper circuit in today’s trading session after the company announced it would set up a new facility to host  missiles Launcher set-up, equipment, etc. 

With a market capitalisation of Rs 5,983.24 crore, the shares of Axiscades Technologies Ltd were trading at Rs 1,407.90 per share, increasing around 5 percent as compared previous closing price of Rs 1,346.80 apiece.

The shares of Axiscades Technologies Ltd have seen positive movement after announcing a new facility at Aerospace Park near Bengaluru’s Kempegowda Airport, dedicated to executing work for MBDA.

The facility will feature a cutting-edge Test Bench lab, a missile launcher setup, equipment, and skilled personnel. The collaboration aims to structure a long-term strategic partnership, ensuring sustained mutual benefits for both MBDA and Axiscades.

Further, AXISCADES Aerospace & Technologies has long supported MBDA with test benches and missile launcher solutions, including depot-level maintenance. As MBDA’s prime Indian Offset Partner for over a decade, AXISCADES continues to deliver high-quality, cost-efficient services. With MBDA’s expansion, sourcing volumes from AXISCADES are expected to rise significantly.

Recently company announced a strategic alliance with Indra, a European defence leader. The MoU targets local manufacturing of advanced systems like tactical air navigation systems, Distance Measuring Equipment, and countermeasure technologies in India. This move enhances Axiscades’ defence manufacturing capabilities and supports India’s push for indigenous defence production.

Moreover, the company and Indra are evaluating collaborations in MPA Airborne Solutions and exploring a dedicated partnership for DRDO CABS, MRMR, and MMMA programs.

Looking forward to the company’s financial performance, revenue increased by 5 percent from Rs 256 crore in Q4FY24 to Rs 268 crore in Q4FY25. Further, during the same time frame, net profit increased by 255 percent from Rs 9 crore to Rs 32 crore.

Axiscades delivered Rs. 1,031 crore revenue in FY25. Core segments like aerospace and defence showed strong margins, while non-core areas saw losses. The company aims for 20% revenue and 50% EBITDA growth YoY, focusing on expansion and strategic recalibration.

AXISCADES Technologies Ltd. offers product engineering solutions across embedded software and hardware, digitisation and automation, mechanical engineering, system integration, test solutions, manufacturing engineering, technical publications, and aftermarket solutions. It operates through two segments: Technology Services and Solutions, and Strategic Technology Solutions.

Written by Abhishek Singh

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