AXISCADES Technologies Surges as Mistral Solutions Lands Strategic Pilot Orders

Bengaluru, 4 September 2025: AXISCADES Technologies Ltd shares rose 3.3% to ₹1,414 during early trade on Thursday when group subsidiary Mistral Solutions Pvt Ltd won two pilot development orders from hyperscalers internationally. The stock opened at ₹1,437.20 as of 10:33 am IST. The stock was trading at ₹1,372.00.

Founded in 1990 and listed since December 2000, AXISCADES Technologies Ltd is a leading player in engineering and technology solutions with a strong focus on aerospace and defense. Through its subsidiaries like Mistral Solutions, the company caters to international clients with advanced design, development, and testing capabilities.

Pilot Contracts Worth $1 Million to Strengthen AXISCADES’ Global Footprint in 6-18 Months

The orders, which are valued at around USD 1 million, include the development of production line testing hardware for contract manufacturers for a single hyperscaler and the test equipment development for audio products of another. The delivery is to be made in eighteen to six months. AXISCADES is going to invest in an Acoustic Lab and a 3D-printed PCB prototyping facility in Bengaluru and set up a front-end engineering group in the United States to enable delivery.

₹150 Crore DRDO Contract for Su-30MKI Upgrade Adds Defence Growth Momentum

The development comes barely days after Mistral bagged a ₹150 crore contract from DRDO’s CASDIC for Su-30MKI upgrade programme. The order includes prototype Electronic Control Units with potential production of up to 600 units over the next five years, reinforcing AXISCADES’ presence in strategic defence projects.

Shares Near 52-Week High of ₹1,506 After 130% Annual Gain Reflect Market Confidence

AXISCADES shares are currently quoting close to their 52-week high of ₹1,506.50 after appreciating over 130% in the past year. The company’s market capitalization is around ₹6,000 crore, with the stock quoting over 70 times its earnings.

Pilot Orders Positioned as Strategic Growth Catalysts for Aerospace and High-Tech Expansion

Though small in size, the pilot contracts are viewed as strategically important, offering annuity revenue prospects and scope for further engagement with prime global technology players. Combined with defence contract victories made in recent times, the moves raise the profile of AXISCADES’ aerospace and high-technology growth markets.

AXISCADES ͏Te͏chnologies’͏ recent developme͏nt͏s, in͏clu͏din͏g Mist͏ral Solut͏ions’ pilot ord͏ers and DRDO contra͏ct, highl͏ight th͏e company’s expanding oper͏ational fo͏otprint in high-tec͏h ͏an͏d de͏fence ͏sectors.͏ Strategic investments in Bengaluru and t͏h͏e US are expected to support upcoming del͏iveries. The stock ͏continues to͏ tr͏ade near its 52͏-week high, refl͏ecting st͏eady market a͏ctivity wh͏i͏le the compan͏y strengthen͏s its posi͏tion in international technology a͏nd aerospace m͏arkets.

REF: https://nsearchives.nseindia.com/corporate/AXISCADES_04092025080021_BaggingOrders04092025.pdf

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