AXISCADES Technologies Experiences Revision in Stock Evaluation Amid Strong Financial Performance

AXISCADES Technologies, a small-cap player in the IT software industry, has recently seen a revision in its stock evaluation by MarketsMOJO. The adjustment reflects the company's strong management efficiency, highlighted by a notable return on capital employed (ROCE) of 16.07%. Additionally, AXISCADES demonstrates a robust capacity to manage its debt, evidenced by a low debt-to-EBITDA ratio of 0.82 times.
The company reported positive financial results for September 2024, with operating cash flow reaching its highest at Rs 78.93 crore and a significant increase in profit after tax, which grew by 77.41% to Rs 29.59 crore. Furthermore, the operating profit to interest ratio stood at an impressive 3.89 times, indicating solid profitability.

Despite these strengths, AXISCADES has faced challenges in long-term growth, with net sales increasing at an annual rate of just 9.11% over the past five years. The stock has underperformed the broader market, generating negative returns of -3.34% over the last year, while the BSE 500 index has seen gains of 16.59%. In light of these factors, AXISCADES Technologies has been added to MarketsMOJO's list, reflecting its current standing in the market.