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    Axtel Industries

    Vadodara (Gujarat) engineering manufacturer of food-processing plants, machinery and dairy equipment, exporting to Europe, the Middle East and the Far East.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹667 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1616161616161616
    Reserves3955658097106109108
    Borrowings81000000
    Other Liabilities4036508383668791
    Total Liabilities103108131179196189211216
    AssetsFixed Assets1616141325282931
    CWIP10050120
    Investments2634183435578381
    Other Assets60599812713510398103
    Total Assets103108131179196189211216

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating91225-1130393171
    Cash from Investing-2-11-814-20-9-25-28
    Cash from Financing-6-2-13-5-5-16-9-29
    SummaryCapital Expenditure
    Free Cash Flow7923-1325282463
    FCF Margin

    Valuation

    Assumptions

    Current — 523850
    Price
    ₹444
    EPS (TTM)
    ₹19.29
    PE (TTM)
    23.0
    Profit growth
    20.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (30.7×) and current (23.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹444
    vs
    Fair value · 15% return
    ₹518
    17%Undervalued

    At 20.9% growth and a 23× exit, ₹444 only delivers your return if you pay ₹518. The price is currently baking in 18% growth.

    EPS grows 20.9%/yr for 5 years, then fades to 6% over 2, exits at 23×.

    YearGrowthEPS (₹)
    FY2720.9%23.32
    FY2820.9%28.20
    FY2920.9%34.09
    FY3020.9%41.21
    FY3120.9%49.83
    FY3213.5% ·fade56.53
    FY336.0% ·fade59.92

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Axtel Industries

    Guides on how to read this kind of business and the numbers that matter.