Daily BriefsIndia

Daily Brief India: Axiscades Engineering Technologies and more

In today’s briefing:

  • Axiscades Technologies Ltd- Forensic Analysis


Axiscades Technologies Ltd- Forensic Analysis

By Nitin Mangal

  • Axiscades Engineering Technologies (AXET IN) provides comprehensive engineering and technology solutions for global manufacturers in diverse sectors such as aerospace, defence, automotive, energy, electronics, and heavy engineering. 
  • The acquisition of Mistral Solutions using deferred consideration has helped the group grow its turnover and net profit during the last six years 
  • Our concerns stem from the current vacuum in top management due to exits of senior personnel in spite of high remuneration levels, risk of goodwill impairment, few questionable transactions, etc.

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