Axtel Industries Limited - machinery and equipment in Baska, Gujarat, India. FY 2026 financials and compliance.
CIN L91110GJ1991PLC016185 Incorporated 28 August 1991 ROC Ahmedabad HQ Baska, Gujarat, India
Active Listed - BSE: 523850 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹223.77 Cr
▲ 25.32% YoY
Computed EBITDA · FY 2026
₹46.62 Cr
▲ 63.63% YoY
Net profit · FY 2026
₹31.16 Cr
▲ 72.87% YoY
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹16.15 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹43.26 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
206
Latest available

About Axtel Industries Limited

Data last updated: 14 July 2026

Axtel Industries Limited is a public limited company based in Baska, Gujarat, India. It specialises in process machinery and industrial equipment, a part of the broader machinery and industrial equipment sector. Incorporated on 28 August 1991, the company has been in operation for over 35 years.

Registered with ROC Ahmedabad under CIN U91110GJ1991PLC016185. Listed on BSE: 523850.

Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.15 Cr. Formerly known as Advanced Extrufoil Technology and Exports Ltd. It is led by directors including Ameet Nalin Parikh and Ajitsingh Mohansingh Bubber.

Last AGM: 19 August 2025. Financial statements filed for year ended 31 March 2025. Office: Vadodara Halol Highway, Baska, Gujarat, India – 389350.

As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹223.77 Cr, a growth of 25.32% compared to the previous year. The net worth stands at ₹124.65 Cr (up 1.69% YoY). Total assets are valued at ₹215.64 Cr (up 14.86% YoY).

The company has a workforce of approximately 206 employees as per the latest available data.

The company is associated with 1 brand - Axtel. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹43.26 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axtelindia.com.

Company Details of Axtel Industries Limited
CIN L91110GJ1991PLC016185
Registration Number 016185
Incorporation Date 28 August 1991
ROC Ahmedabad
Listing Status Listed (BSE: 523850)
Company Status Active
Date of Last AGM 19 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
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  • Telephone
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  • Website
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  • Social Media
  • Registered Address
    Vadodara Halol Highway, Baska, Gujarat, India – 389350
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment
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Financials, compliance, directors, charges, ownership and filings for Axtel Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Axtel Industries Limited

Axtel Industries Limited has one previous CIN (Corporate Identification Number): U91110GJ1991PLC016185. The current CIN is L91110GJ1991PLC016185, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L91110GJ1991PLC016185 Current
U91110GJ1991PLC016185 Previous

Associated Brands with Axtel Industries Limited

Axtel Industries Limited operates one associated brand: Axtel. These brands represent Axtel Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Grinding devices for healthcare sector are manufactured by Axtel. axtelindia.com

Business Activity of Axtel Industries Limited

Axtel Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
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Auditor Details of Axtel Industries Limited

Axtel Industries Limited is audited by VRCA & Associates (ICAI peer reviewed, certificate valid till 2028-03-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
VRCA & Associates (ICAI peer reviewed, certificate valid till 2028-03-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Axtel Industries Limited

Axtel Industries Limited is currently managed by 7 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Ameet Nalin Parikh Director 01 Dec 2009 16 Years 7 Months Current
Ajitsingh Mohansingh Bubber Director 01 Apr 1995 31 Years 3 Months Current
Ajay Nalin Parikh Whole-Time Director 28 Aug 1991 34 Years 10 Months Current
Nimish Patel Rohitkumar Director 05 Nov 2018 7 Years 8 Months Current
Ajay Naishad Desai Whole-Time Director 28 Aug 1991 34 Years 10 Months Current
Deepti Sharma Director 05 Nov 2018 7 Years 8 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Axtel Industries Limited FY 2026 filings available

Axtel Industries Limited reported revenue of ₹223.77 Cr (up 25.32% YoY) for FY 2026.

Revenue · FY 2026
₹223.77 Cr ▲ 25.32%
Profit · FY 2026
₹31.16 Cr ▲ 72.87%
Computed EBITDA · FY 2026
₹46.62 Cr ▲ 63.63%
Revenue₹ Cr · Standalone0100200300FY 2019: ₹111 Cr111FY 2019FY 2020: ₹100 Cr · -10% YoY99.7-10%FY 2020FY 2021: ₹153 Cr · +53.9% YoY153+53.9%FY 2021FY 2022: ₹144 Cr · -6.1% YoY144-6.1%FY 2022FY 2023: ₹180 Cr · +25.1% YoY180+25.1%FY 2023FY 2024: ₹223 Cr · +24% YoY223+24%FY 2024FY 2025: ₹179 Cr · -20% YoY179-20%FY 2025FY 2026: ₹224 Cr · +25.3% YoY224+25.3%FY 2026
Net Profit₹ Cr · Standalone02040FY 2019: ₹13 Cr13FY 2019FY 2020: ₹11 Cr · -16% YoY10.9-16%FY 2020FY 2021: ₹21 Cr · +95.5% YoY21.3+95.5%FY 2021FY 2022: ₹14 Cr · -35% YoY13.8-35%FY 2022FY 2023: ₹17 Cr · +25.1% YoY17.3+25.1%FY 2023FY 2024: ₹32 Cr · +85.7% YoY32.1+85.7%FY 2024FY 2025: ₹18 Cr · -43.9% YoY18-43.9%FY 2025FY 2026: ₹31 Cr · +72.9% YoY31.2+72.9%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0255075Q1'25: ₹45 Cr44.7Q1'25Q2'25: ₹56 Cr55.8Q2'25Q3'25: ₹40 Cr40.4Q3'25Q4'25: ₹38 Cr37.6Q4'25Q1'26: ₹27 Cr · -39.1% YoY27.2-39.1%Q1'26Q2'26: ₹67 Cr · +20.6% YoY67.3+20.6%Q2'26Q3'26: ₹59 Cr · +45.1% YoY58.6+45.1%Q3'26Q4'26: ₹71 Cr · +87.7% YoY70.6+87.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹223.77 Cr ₹178.56 Cr ₹223.33 Cr ₹180.15 Cr ₹143.99 Cr ₹153.39 Cr ₹99.65 Cr ₹110.75 Cr
Other Income ₹5.93 Cr ₹4.67 Cr ₹3.19 Cr ₹3.67 Cr ₹3.14 Cr ₹3.14 Cr ₹3.9 Cr ₹2.75 Cr
Total Income ₹229.7 Cr ₹183.22 Cr ₹226.53 Cr ₹183.82 Cr ₹147.12 Cr ₹156.53 Cr ₹103.55 Cr ₹113.5 Cr
Cost of Materials Consumed ₹91.94 Cr ₹77.09 Cr ₹113.51 Cr ₹102.71 Cr ₹79.91 Cr ₹73.5 Cr ₹55.41 Cr ₹55.29 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹2.9 Cr ₹10.75 Cr -₹5.98 Cr -₹7.03 Cr -₹3.61 Cr ₹8.03 Cr -₹8.24 Cr -₹92.65 Lakh
Employee Benefit Expense ₹43.06 Cr ₹40.41 Cr ₹38.22 Cr ₹32.28 Cr ₹29.27 Cr ₹25.93 Cr ₹23.06 Cr ₹20.36 Cr
Finance Costs ₹25.18 Lakh ₹67.98 Lakh ₹1.62 Cr ₹1.09 Cr ₹47.81 Lakh ₹71.7 Lakh ₹70.47 Lakh ₹48.08 Lakh
Depreciation & Amortisation ₹4.97 Cr ₹3.88 Cr ₹2.76 Cr ₹2.41 Cr ₹2.84 Cr ₹2.59 Cr ₹2.68 Cr ₹2.8 Cr
Other Expenses ₹45.17 Cr ₹26.48 Cr ₹33.54 Cr ₹29.4 Cr ₹21.38 Cr ₹16.9 Cr ₹15.07 Cr ₹16.15 Cr
Total Expenses ₹188.29 Cr ₹159.29 Cr ₹183.67 Cr ₹160.86 Cr ₹130.27 Cr ₹127.66 Cr ₹88.69 Cr ₹94.15 Cr
Profit Before Exceptional Items & Tax ₹41.4 Cr ₹23.93 Cr ₹42.86 Cr ₹22.96 Cr ₹16.85 Cr ₹28.87 Cr ₹14.86 Cr ₹19.35 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹1.97 Cr ₹0 ₹0 -₹1.16 Cr
Profit Before Tax ₹41.4 Cr ₹23.93 Cr ₹42.86 Cr ₹22.96 Cr ₹18.82 Cr ₹28.87 Cr ₹14.86 Cr ₹18.2 Cr
Total Tax Expense ₹10.24 Cr ₹5.91 Cr ₹10.73 Cr ₹5.65 Cr ₹4.99 Cr ₹7.57 Cr ₹3.97 Cr ₹5.24 Cr
Net Profit ₹31.16 Cr ₹18.03 Cr ₹32.13 Cr ₹17.3 Cr ₹13.83 Cr ₹21.29 Cr ₹10.89 Cr ₹12.96 Cr
Other Comprehensive Income -₹1.18 Lakh -₹37.5 Lakh -₹74.25 Lakh ₹1.26 Cr ₹46.06 Lakh -₹7.11 Lakh -₹16.21 Lakh -₹1.06 Cr
Total Comprehensive Income ₹31.15 Cr ₹17.65 Cr ₹31.39 Cr ₹18.56 Cr ₹14.29 Cr ₹21.22 Cr ₹10.73 Cr ₹11.9 Cr
EBITDA (computed) ₹46.62 Cr ₹28.49 Cr ₹47.23 Cr ₹26.46 Cr ₹20.18 Cr ₹32.17 Cr ₹18.25 Cr ₹22.63 Cr
Basic EPS ₹19.29 ₹11.16 ₹19.89 ₹10.71 ₹8.56 ₹13.18 ₹6.74 ₹8.02
Diluted EPS ₹19.29 ₹11.16 ₹19.89 ₹10.71 ₹8.56 ₹13.18 ₹6.74 ₹8.02
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹215.64 Cr ₹187.73 Cr ₹195.98 Cr ₹179.04 Cr ₹130.78 Cr ₹108.46 Cr ₹102.86 Cr ₹84.29 Cr
Non-current Assets ₹36.86 Cr ₹34.5 Cr ₹31.72 Cr ₹22.19 Cr ₹19.54 Cr ₹20.5 Cr ₹23.89 Cr ₹36.16 Cr
Current Assets ₹178.77 Cr ₹153.23 Cr ₹164.26 Cr ₹156.85 Cr ₹111.24 Cr ₹87.96 Cr ₹78.96 Cr ₹48.13 Cr
Property, Plant & Equipment ₹30.9 Cr ₹27.61 Cr ₹24.85 Cr ₹12.31 Cr ₹13.72 Cr ₹14.87 Cr ₹15.23 Cr ₹15.5 Cr
Inventories ₹33.13 Cr ₹37.37 Cr ₹52.13 Cr ₹45.02 Cr ₹36.61 Cr ₹22.56 Cr ₹30.73 Cr ₹21.71 Cr
Trade Receivables ₹45.13 Cr ₹32.6 Cr ₹49.76 Cr ₹61.56 Cr ₹45.9 Cr ₹20.05 Cr ₹11.87 Cr ₹19.43 Cr
Cash & Equivalents ₹16.47 Cr ₹21.59 Cr ₹24.61 Cr ₹11.55 Cr ₹6.15 Cr ₹8.29 Cr ₹4.27 Cr ₹5.5 Cr
Equity (Net Worth) ₹124.65 Cr ₹122.58 Cr ₹113.01 Cr ₹96.16 Cr ₹80.82 Cr ₹71.38 Cr ₹55 Cr ₹52.06 Cr
Equity Share Capital ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr ₹16.15 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹32.66 Lakh ₹64.92 Lakh ₹92.22 Lakh
Borrowings (Current) ₹0 ₹0 ₹0 ₹0 ₹41.02 Lakh ₹30.06 Lakh ₹7.1 Cr ₹23.64 Lakh
Total Debt (computed) ₹0 ₹0 ₹0 ₹0 ₹41.02 Lakh ₹62.72 Lakh ₹7.75 Cr ₹1.16 Cr
Current Liabilities ₹85.37 Cr ₹61.06 Cr ₹79.92 Cr ₹80.19 Cr ₹45.56 Cr ₹31.97 Cr ₹43.17 Cr ₹27.27 Cr
Total Liabilities ₹90.98 Cr ₹65.15 Cr ₹82.98 Cr ₹82.88 Cr ₹49.95 Cr ₹37.08 Cr ₹47.86 Cr ₹32.23 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹51.06 Cr ₹31.22 Cr ₹38.68 Cr ₹30.14 Cr -₹11.14 Cr
Investing Cash Flow -₹27.67 Cr -₹25.49 Cr -₹9.45 Cr -₹19.96 Cr ₹14.48 Cr
Financing Cash Flow -₹29.33 Cr -₹8.76 Cr -₹16.16 Cr -₹4.79 Cr -₹5.48 Cr
Capital Expenditure ₹7.86 Cr ₹6.98 Cr ₹10.91 Cr ₹5.25 Cr ₹1.78 Cr
Free Cash Flow (computed) ₹43.2 Cr ₹24.25 Cr ₹27.76 Cr ₹24.89 Cr -₹12.92 Cr
Dividends Paid ₹29.08 Cr ₹8.08 Cr ₹14.54 Cr ₹3.23 Cr ₹4.85 Cr
Net Change in Cash -₹5.94 Cr -₹3.03 Cr ₹13.07 Cr ₹5.39 Cr -₹2.14 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹70.57 Cr ₹58.63 Cr ₹67.34 Cr ₹27.22 Cr ₹37.61 Cr ₹40.41 Cr ₹55.84 Cr ₹44.7 Cr
Other Income ₹1.02 Cr ₹1.44 Cr ₹1.63 Cr ₹1.84 Cr ₹1.37 Cr ₹1.07 Cr ₹1.31 Cr ₹91.23 Lakh
Total Income ₹71.6 Cr ₹60.07 Cr ₹68.97 Cr ₹29.07 Cr ₹38.98 Cr ₹41.48 Cr ₹57.15 Cr ₹45.61 Cr
Cost of Materials Consumed ₹26.66 Cr ₹22.85 Cr ₹27.84 Cr ₹14.6 Cr ₹17.43 Cr ₹16.19 Cr ₹22.48 Cr ₹20.99 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹2.73 Cr ₹2.98 Cr ₹3.12 Cr -₹5.94 Cr -₹11.19 Lakh ₹2.01 Cr ₹7.54 Cr ₹1.32 Cr
Employee Benefit Expense ₹11.8 Cr ₹11.14 Cr ₹10.6 Cr ₹9.52 Cr ₹9.76 Cr ₹10.37 Cr ₹10.87 Cr ₹9.42 Cr
Finance Costs ₹10.75 Lakh ₹9.26 Lakh -₹2.21 Lakh ₹7.38 Lakh ₹28.33 Lakh ₹9.91 Lakh ₹11.94 Lakh ₹17.79 Lakh
Depreciation & Amortisation ₹1.28 Cr ₹1.35 Cr ₹1.21 Cr ₹1.12 Cr ₹1.12 Cr ₹97.1 Lakh ₹92.14 Lakh ₹87.11 Lakh
Other Expenses ₹14.22 Cr ₹10.84 Cr ₹12.59 Cr ₹7.53 Cr ₹6.02 Cr ₹6.88 Cr ₹6.08 Cr ₹7.5 Cr
Total Expenses ₹56.8 Cr ₹49.24 Cr ₹55.35 Cr ₹26.9 Cr ₹34.49 Cr ₹36.52 Cr ₹48.01 Cr ₹40.27 Cr
Profit Before Exceptional Items & Tax ₹14.79 Cr ₹10.83 Cr ₹13.62 Cr ₹2.17 Cr ₹4.49 Cr ₹4.96 Cr ₹9.14 Cr ₹5.34 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹14.79 Cr ₹10.83 Cr ₹13.62 Cr ₹2.17 Cr ₹4.49 Cr ₹4.96 Cr ₹9.14 Cr ₹5.34 Cr
Total Tax Expense ₹3.63 Cr ₹2.85 Cr ₹3.5 Cr ₹26.95 Lakh -₹26.98 Lakh ₹1.7 Cr ₹3.25 Cr ₹1.23 Cr
Net Profit ₹11.16 Cr ₹7.98 Cr ₹10.12 Cr ₹1.9 Cr ₹4.76 Cr ₹3.26 Cr ₹5.9 Cr ₹4.11 Cr
Other Comprehensive Income ₹26.94 Lakh -₹9.38 Lakh -₹9.38 Lakh -₹9.38 Lakh ₹6.69 Lakh -₹13.07 Lakh -₹14.27 Lakh -₹16.85 Lakh
Total Comprehensive Income ₹11.43 Cr ₹7.89 Cr ₹10.03 Cr ₹1.8 Cr ₹4.83 Cr ₹3.13 Cr ₹5.75 Cr ₹3.94 Cr
EBITDA (computed) ₹16.19 Cr ₹12.27 Cr ₹14.81 Cr ₹3.36 Cr ₹5.89 Cr ₹6.03 Cr ₹10.19 Cr ₹6.39 Cr
Basic EPS ₹6.91 ₹4.94 ₹6.26 ₹1.17 ₹2.95 ₹2.02 ₹3.65 ₹2.54
Diluted EPS ₹6.91 ₹4.94 ₹6.26 ₹1.17 ₹2.95 ₹2.02 ₹3.65 ₹2.54
Latest 8 quarters shown.
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Charges & Borrowings of Axtel Industries Limited

Open charges
₹50 Cr
Satisfied charges
₹43.26 Cr
Breakdown by lending institutions
Others₹50.00 Cr
Latest charge details
DateLenderAmountStatus
28 Sep 2010 Others ₹50 Cr Open
18 Oct 2019 Others ₹25 Cr Satisfied
19 Mar 2018 Yes Bank Limited ₹1.4 Cr Satisfied
31 Aug 2009 State Bank of India ₹8 Cr Satisfied
22 Jul 2008 Abn Amro Bank N.V. ₹5 Cr Satisfied

Total charge records: 6 View all charges

Employees and EPFO Compliance at Axtel Industries Limited

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Employee and EPFO history for Axtel Industries Limited

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GST Compliance of Axtel Industries Limited

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Credit Ratings, Litigation & Regulatory Alerts for Axtel Industries Limited

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MSME Payment Delays by Axtel Industries Limited

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MSME payment history for Axtel Industries Limited

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Subsidiaries & Group Companies of Axtel Industries Limited

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Corporate group structure for Axtel Industries Limited

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MCA Filings & Documents of Axtel Industries Limited

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MCA filings and documents for Axtel Industries Limited

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Recent Activity on Axtel Industries Limited

Activity
19 Aug 2025
Axtel Industries Limited last Annual general meeting of members was held on 19 Aug 2025 as per latest MCA records.
Directors
02 Jun 2025
Dharaben Mehulkumar Thakar was appointed as a Company Secretary on 02 Jun 2025 & has been associated with this company since 1 year 1 month.
Activity
31 Mar 2025
Axtel Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
03 May 2024
Paresh Jaisinh Rajda was appointed as a Director on 03 May 2024 & has been associated with this company since 2 years 2 months.
Charges
22 Nov 2023
A charge with Others of Rs. 50.00 Cr registered on 28 Sep 2010 with Charge ID 10245352 was modified on 22 Nov 2023.
Charges
12 Apr 2023
A charge registered on 19 Mar 2018 via Charge ID 100169190 with Yes Bank Limited was fully satisfied on 12 Apr 2023.

Recent News on Axtel Industries Limited

Frequently Asked Questions about Axtel Industries Limited

Axtel Industries Limited is an active public limited company in the machinery and equipment sector based in Baska, Gujarat, India. It was incorporated on 28 August 1991 (35+ years old) and is registered under CIN L91110GJ1991PLC016185. Listed on BSE: 523850. The company has 206 employees.

Axtel Industries Limited reported revenue of ₹223.77 Cr for FY 2026 (up 25.32% YoY) based on standalone BSE filings.

The current directors of Axtel Industries Limited are:

The primary industry of Axtel Industries Limited is machinery and equipment. The company specifically operates in process machinery and industrial equipment. The company is currently active in this sector.

Yes. Axtel Industries Limited is listed on BSE with code 523850.

Axtel Industries Limited can be reached at the registered office: Vadodara Halol Highway, Baska, Gujarat, India – 389350, or through the website axtelindia.com.

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