Axis IT&T Limited is an India-based company engaged in the provision of engineering services. Its services portfolio comprises Mechanical and Manufacturing Engineering services, Electrical and Electronics services, Aviation services, Media services and Entertainment services. It has nine development centers in the United States, Europe and Asia. Its Mechanical services include Product Design, Design Support, Design Validation, Reverse Engineering and Engineering Customization & PLM. Its Manufacturing services include Virtual Manufacturing, Supply Chain Management and Quality Documentation. The Company’s Electrical and Electronics services include Hardware Engineering, Digital Signal Processing, Software Engineering, Modeling and Simulation, and Verification and Validation.
AxisCADES signed MoU with Airbus group.
Read more valuable info here at MoneyControl in talk with Group Vice Chairman.
Many companies in defense sector are in bad shape. This company is in healthy condition and making good profit. It is growing as well at healthy rate. So, if any new opportunity arise due to Make In India initiatives then this company can easily take the orders. It is not debt ridden or loss making so it wont find difficult to raise capital if it need to do so.
From June to Sept 2014, Promoters has increased 10% stake-holding.
If you see its PE etc then it is not looking cheap but when you see other companies in this segment then you will find that it is cheap. Also, good Balance Sheet is a big plus for this. Entry into defense and aerospace sector is not easy.
Recently big investors are buying it. Because it is near to 20 days moving average, it is a good buy even tomorrow. If you think that today and yesterday gain is good enough and it may correct then you can wait for say 20-30 days and initiate a buy.
Interest Coverage Ratio: 10.66.