AXTEL

Axtel Industries financials

Market cap
₹711 Cr
Sector
Capital Goods

Quarterly results

Q1 FY27: revenue up 18.7%, net profit up 3.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue56 40 38 27 67 +21%59 +45%71 +88%32 +19%
EBITDA9 5 5 2 13 +48%11 +118%15 +236%3 +66%
Net profit6 3 5 2 10 +72%8 +145%11 +134%2 +3%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −5.4% 1Y

₹350₹400₹450₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Aug 26

1Y: ₹465.45 on 10 Sept 2025 → ₹440.2. High ₹509.4 (7 May 2026), low ₹343.5 (26 Feb 2026).

Financials, as filed

Revenue grew 0.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to 18.2%.

Year endingFY24FY25FY26
Revenue₹223 Cr₹179 Cr₹224 Cr
Operating profit₹44 Cr₹24 Cr₹41 Cr
Operating margin19.7%13.4%18.2%
Interest₹2 Cr₹1 Cr₹0 Cr
Depreciation₹3 Cr₹4 Cr₹5 Cr
Net profit₹32 Cr₹18 Cr₹31 Cr
Net margin14.4%10.1%13.9%
Cash from operations₹39 Cr₹31 Cr₹71 Cr
Free cash flow₹28 Cr₹24 Cr₹63 Cr
ROCE41.0%20.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹55 Cr₹65 Cr₹80 Cr₹97 Cr₹109 Cr₹108 Cr
Borrowings₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹36 Cr₹50 Cr₹83 Cr₹83 Cr₹87 Cr₹91 Cr
Total liabilities₹108 Cr₹131 Cr₹179 Cr₹196 Cr₹211 Cr₹216 Cr
Fixed assets₹16 Cr₹14 Cr₹13 Cr₹25 Cr₹29 Cr₹31 Cr
Capital work in progress₹0 Cr₹0 Cr₹5 Cr₹0 Cr₹2 Cr₹0 Cr
Investments₹34 Cr₹18 Cr₹34 Cr₹35 Cr₹83 Cr₹81 Cr
Other assets₹59 Cr₹98 Cr₹127 Cr₹135 Cr₹98 Cr₹103 Cr
Total assets₹108 Cr₹131 Cr₹179 Cr₹196 Cr₹211 Cr₹216 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.36 pp while FIIs trimmed −0.20 pp.

Promoters
50.0%
FIIs
0.4%
DIIs
1.5%
Public
48.2%

Since Jun 2025

  • DIIs +0.36 pp
  • FIIs −0.20 pp
  • Public −0.15 pp

How it drifted, 12 quarters

Over this window the public fell from 50.1% to 48.2% — −1.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 50.0%, Public 50.1%.Dec '23: Promoters 50.0%, Public 50.1%.Mar '24: Promoters 50.0%, FIIs 0.0%, DIIs 0.3%, Public 49.8%.Jun '24: Promoters 50.0%, FIIs 0.5%, DIIs 0.3%, Public 49.3%.Sep '24: Promoters 50.0%, FIIs 0.6%, DIIs 0.4%, Public 49.1%.Dec '24: Promoters 50.0%, FIIs 0.6%, DIIs 1.5%, Public 48.0%.Mar '25: Promoters 50.0%, FIIs 0.6%, DIIs 1.0%, Public 48.5%.Jun '25: Promoters 50.0%, FIIs 0.6%, DIIs 1.1%, Public 48.3%.Sep '25: Promoters 50.0%, FIIs 0.6%, DIIs 0.8%, Public 48.6%.Dec '25: Promoters 50.0%, FIIs 0.4%, DIIs 1.4%, Public 48.3%.Mar '26: Promoters 50.0%, FIIs 0.4%, DIIs 1.4%, Public 48.2%.Jun '26: Promoters 50.0%, FIIs 0.4%, DIIs 1.5%, Public 48.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Axtel Industries Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shivash Business Advisory LLP 19.19%unchanged
Chaykar Business Advisory LLP 18.91%unchanged
Meena Pathak 6.42%−0.36 pp
Ajay Naishad Desai 5.71%unchanged
Ajay Nalin Parikh 2.88%unchanged
Karan Ajay Parikh 2.29%unchanged
Aniruddha Narayan Malpani 1.68%unchanged
PGIM India Equity Growth Opportunities Fund Series Ii Mutual fund1.48%+0.06 pp
Hardipsingh J Bubber 1.46%unchanged
Anuradha Hardipsingh Bubber 1.41%unchanged
Navtejsingh M Bubber 1.39%unchanged
Rani H Bubber 1.39%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹440, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~-2%. At that growth it is worth ₹171 — downside of 61%.

Growth the price implies
16.0% a year
for 7 years, fading to 4%
It has actually compounded at
-1.5% a year
net profit, FY24–FY26 · EPS -1.5%
The gap
0.2 pp
-61% downside if it only repeats history
Price today ₹440.2 Value at the reference growth ₹171.48

Change the assumptions yourself →

Learn to analyse Axtel Industries Ltd.

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