Not a BUY recommendation
Consult your FA
AWESOME Q4/FY20-AXISCADES
TP: Rs 80+
1) Q4 Revenue 193Cr Vs 167Cr YoY
2)Q4 NP 16.38Cr Vs 78Lakh YoY
3)FY20 NP 30.29Cr Vs FY19 Loss 7.67Cr
# Revenue grown to Rs.680 crs in FY 19-20 compared to previous year revenue of Rs .616 crs while keeping the cost at same level. Costs remained flat in FY 19-20 at Rs.642 crs compared previous costs of Rs.639 crs.
# EBIDTA of Rs. 99.3 crs in FY 19-20 compared previous year EBIDTA of Rs. 21 crs.
#On account of above PAT FY 19-20 is Rs. 30.5 crs compared previous year loss of Rs. 7.7 Crs.
# EPS for the year 2019-20 is 7.91 compared to -2.15 for the previous year.
#During the year one more client became a $ 10 Million relationship , which is a leading European weapon OEM.
# Company has generated strong cash flows of Rs. 66 crs during the year.
BACKGROUND:
AXISCADES is a Technology Co focused on Product Engineering solutions in:
1) Aerospace
2) Defence & Homeland Security
3)Automotive
4)Heavy Engineering
5)Energy
6) Healthcare
# Won two multi year, multimillion contracts
# Received additional orders from a European Defence OEM
# Fabulous 9mFY20 Vs 9mFY19:
a) Revenue 487 Cr Vs 450Cr
b) Operating Profit 64.7Cr Vs 7.6 Cr
c) PAT 13.9 Cr Vs 8.8Cr Loss
d) Operating Margin 13.3%Vs 1.7%