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Last Updated: April 2, 2026, 4:11 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523850 | NSE: AXTEL

Axtel Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹226.63Overvalued by 40.20%vs CMP ₹379.00

P/E (24.7) × ROE (14.4%) × BV (₹77.20) × DY (3.17%)

₹206.26Overvalued by 45.58%vs CMP ₹379.00
MoS: -83.7% (Negative)Confidence: 70/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹254.6420%Over (-32.8%)
Graham NumberEarnings₹163.1815%Over (-56.9%)
Earnings PowerEarnings₹104.0710%Over (-72.5%)
DCFCash Flow₹282.6912%Over (-25.4%)
Net Asset ValueAssets₹77.417%Over (-79.6%)
EV/EBITDAEnterprise₹173.408%Over (-54.2%)
Dividend DiscountDividends₹330.008%Over (-12.9%)
Earnings YieldEarnings₹153.307%Over (-59.6%)
ROCE CapitalReturns₹249.458%Over (-34.2%)
Revenue MultipleRevenue₹166.285%Over (-56.1%)
Consensus (10 models)₹206.26100%Overvalued
Key Drivers: Wide model spread (₹77–₹330) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 12.4%

*Investments are subject to market risks

Investment Snapshot

72
Axtel Industries Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 19.8% GoodROE 14.4% GoodD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 50.0% Stable
Earnings Quality75/100 · Strong
OPM expanding (13% → 17%) ImprovingWorking capital: 27 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): -1% YoY FlatProfit (4Q): +33% YoY StrongOPM: 18.5% (up 6.2% YoY) Margin expansion
Industry Rank50/100 · Moderate
P/E 24.7 vs industry 35.5 Cheaper than peersROCE 19.8% vs industry 37.7% Below peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:11 am

Market Cap 612 Cr.
Current Price 379
Intrinsic Value₹206.26
High / Low 550/335
Stock P/E24.7
Book Value 77.2
Dividend Yield3.17 %
ROCE19.8 %
ROE14.4 %
Face Value 10.0
PEG Ratio2.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Axtel Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Axtel Industries Ltd 612 Cr. 379 550/33524.7 77.23.17 %19.8 %14.4 % 10.0
BMW Industries Ltd 640 Cr. 28.4 59.8/26.19.75 33.61.51 %13.3 %10.5 % 1.00
Artson Engineering Ltd 517 Cr. 140 217/125 0.710.00 %24.6 %124 % 1.00
Electrotherm (India) Ltd 736 Cr. 578 1,280/55014.9 1210.00 %31.6 %% 10.0
Lokesh Machines Ltd 418 Cr. 209 256/138226 1130.00 %4.87 %0.26 % 10.0
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Axtel Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 40.3767.3347.9169.4753.7952.1644.7055.8440.4137.6127.2267.3458.63
Expenses 36.7254.1540.8752.8641.1144.4439.2246.9635.4533.0925.7054.1647.81
Operating Profit 3.6513.187.0416.6112.687.725.488.884.964.521.5213.1810.82
OPM % 9.04%19.58%14.69%23.91%23.57%14.80%12.26%15.90%12.27%12.02%5.58%19.57%18.45%
Other Income 0.362.270.751.090.750.600.911.311.071.371.841.631.44
Interest 0.140.460.310.420.490.400.180.120.100.280.07-0.020.09
Depreciation 0.610.630.470.530.770.980.870.920.971.121.121.211.35
Profit before tax 3.2614.367.0116.7512.176.945.349.154.964.492.1713.6210.82
Tax % 31.90%22.77%23.97%28.90%21.20%23.34%23.03%35.52%34.27%-6.01%12.44%25.70%26.34%
Net Profit 2.2111.095.3211.929.585.314.115.903.264.761.9010.127.98
EPS in Rs 1.376.863.297.385.933.292.543.652.022.951.186.264.94

Last Updated: February 3, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4839677682111100153144180223179191
Expenses 39425765719185124127157179155161
Operating Profit 9-21011102014291723442430
OPM % 19%-6%15%14%12%18%14%19%12%13%20%13%16%
Other Income 0001124354356
Interest 2211001101210
Depreciation 3433233332345
Profit before tax 4-86881815291923432431
Tax % 34%-4%16%18%25%29%27%26%26%25%25%25%
Net Profit 3-85761311211417321825
EPS in Rs 2.76-4.672.974.233.678.026.7413.188.5610.7119.8911.1615.33
Dividend Payout % 0%0%0%0%41%19%37%46%23%28%30%99%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-366.67%162.50%40.00%-14.29%116.67%-15.38%90.91%-33.33%21.43%88.24%-43.75%
Change in YoY Net Profit Growth (%)0.00%529.17%-122.50%-54.29%130.95%-132.05%106.29%-124.24%54.76%66.81%-131.99%

Axtel Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:12%
3 Years:7%
TTM:-27%
Compounded Profit Growth
10 Years:16%
5 Years:9%
3 Years:13%
TTM:-49%
Stock Price CAGR
10 Years:46%
5 Years:13%
3 Years:32%
1 Year:-10%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:21%
Last Year:14%

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: December 4, 2025, 2:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10161616161616161616161616
Reserves 1910142127363955658097106109
Borrowings 1712105418100000
Other Liabilities 21312123363140365083836587
Total Liabilities 676961648384103108131179196188211
Fixed Assets 24211917171616161413252829
CWIP 0000001005012
Investments 0004141526341834355783
Other Assets 42474344525360599812713510298
Total Assets 676961648384103108131179196188211

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 87-1151291225-11303931
Cash from Investing Activity + -8-1-1-4-13-2-11-814-20-9-25
Cash from Financing Activity + -0-1-4-6-1-6-2-13-5-5-16-9
Net Cash Flow 05-55-31-14-2513-3
Free Cash Flow 16-21497923-13252824
CFO/OP 108%-277%-3%157%137%73%112%111%-36%157%33%156%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.00-14.000.006.006.0019.006.0028.0017.0023.0044.0024.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1341219986906443481161258167
Inventory Days 191327158123161146235101175172177155
Days Payable 164233971161729313286148153111101
Cash Conversion Cycle 160216160937811714762143143147121
Working Capital Days 9130704332512833105624027
ROCE %15%-14%18%22%19%39%27%43%22%26%41%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.95%49.95%49.95%49.95%49.95%49.95%49.95%49.95%49.95%49.95%49.95%49.95%
FIIs 0.00%0.00%0.00%0.00%0.02%0.48%0.58%0.61%0.62%0.61%0.60%0.41%
DIIs 0.00%0.00%0.00%0.00%0.25%0.30%0.39%1.49%0.99%1.12%0.81%1.36%
Public 50.06%50.07%50.06%50.06%49.79%49.27%49.08%47.95%48.45%48.32%48.64%48.29%
No. of Shareholders 18,03318,23617,69819,18019,74919,49821,01820,50519,49318,86418,40818,492

Shareholding Pattern Chart

No. of Shareholders

Axtel Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.1619.8910.718.5613.18
Diluted EPS (Rs.) 11.1619.8910.718.5613.18
Cash EPS (Rs.) 13.5621.6012.2010.3214.79
Book Value[Excl.RevalReserv]/Share (Rs.) 75.8869.9559.5250.0344.18
Book Value[Incl.RevalReserv]/Share (Rs.) 75.8869.9559.5250.0344.18
Dividend / Share (Rs.) 11.006.003.002.006.00
Revenue From Operations / Share (Rs.) 110.53138.25111.5189.1394.95
PBDIT / Share (Rs.) 17.6429.2416.3812.4919.92
PBIT / Share (Rs.) 15.2327.5314.8910.7318.31
PBT / Share (Rs.) 14.8126.5314.2111.6517.87
Net Profit / Share (Rs.) 11.1619.8910.718.5613.18
PBDIT Margin (%) 15.9521.1414.6814.0120.97
PBIT Margin (%) 13.7819.9113.3412.0319.28
PBT Margin (%) 13.4019.1912.7413.0718.81
Net Profit Margin (%) 10.0914.389.609.6013.88
Return on Networth / Equity (%) 14.7028.4317.9917.1129.83
Return on Capital Employeed (%) 19.4338.3124.3220.3338.67
Return On Assets (%) 9.6016.399.6610.5719.63
Total Debt / Equity (X) 0.000.000.000.010.01
Asset Turnover Ratio (%) 0.931.191.161.201.45
Current Ratio (X) 2.512.061.962.442.75
Quick Ratio (X) 1.901.401.391.642.05
Inventory Turnover Ratio (X) 3.992.342.522.702.76
Dividend Payout Ratio (NP) (%) 44.8145.2418.6735.0322.75
Dividend Payout Ratio (CP) (%) 36.8741.6716.3829.0520.29
Earning Retention Ratio (%) 55.1954.7681.3364.9777.25
Cash Earning Retention Ratio (%) 63.1358.3383.6270.9579.71
Interest Coverage Ratio (X) 41.9129.2324.2342.2044.87
Interest Coverage Ratio (Post Tax) (X) 27.5220.8916.8425.8230.70
Enterprise Value (Cr.) 729.611003.48376.49426.56499.76
EV / Net Operating Revenue (X) 4.094.492.092.963.26
EV / EBITDA (X) 25.6121.2514.2321.1415.53
MarketCap / Net Operating Revenue (X) 4.214.602.153.003.31
Retention Ratios (%) 55.1854.7581.3264.9677.24
Price / BV (X) 6.139.104.045.357.11
Price / Net Operating Revenue (X) 4.214.602.153.003.31
EarningsYield 0.020.030.040.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Axtel Industries Ltd. is a Public Limited Listed company incorporated on 28/08/1991 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L91110GJ1991PLC016185 and registration number is 016185. Currently Company is involved in the business activities of Manufacture of other machinery for the industrial preparation or manufacture of food or drink (including tea or coffee making machines). Company's Total Operating Revenue is Rs. 178.56 Cr. and Equity Capital is Rs. 16.15 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralVadodara-Halol Highway, Baska, Panchmahal District Gujarat 389350Contact not found
Management
NamePosition Held
Mr. Ajay Naishad DesaiExecutive Director
Mr. Ajay Nalin ParikhExecutive Director
Mr. Ajit Singh BubberNon Executive Director
Mr. Ameet Nalin ParikhNon Executive Director
Mr. Nimish PatelIndependent Director
Ms. Deepti SharmaIndependent Director
Mr. Paresh Jaisinh RajdaIndependent Director

FAQ

What is the intrinsic value of Axtel Industries Ltd and is it undervalued?

As of 14 April 2026, Axtel Industries Ltd's intrinsic value is ₹206.26, which is 45.58% lower than the current market price of ₹379.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.4 %), book value (₹77.2), dividend yield (3.17 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Axtel Industries Ltd?

Axtel Industries Ltd is trading at ₹379.00 as of 14 April 2026, with a FY2026-2027 high of ₹550 and low of ₹335. The stock is currently near its 52-week low. Market cap stands at ₹612 Cr..

How does Axtel Industries Ltd's P/E ratio compare to its industry?

Axtel Industries Ltd has a P/E ratio of 24.7, which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Axtel Industries Ltd financially healthy?

Key indicators for Axtel Industries Ltd: ROCE of 19.8 % indicates efficient capital utilization. Dividend yield is 3.17 %.

Is Axtel Industries Ltd profitable and how is the profit trend?

Axtel Industries Ltd reported a net profit of ₹18 Cr in Mar 2025 on revenue of ₹179 Cr. Compared to ₹14 Cr in Mar 2022, the net profit shows an improving trend.

Does Axtel Industries Ltd pay dividends?

Axtel Industries Ltd has a dividend yield of 3.17 % at the current price of ₹379.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Axtel Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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