About Axtel Industries Limited
Data last updated: 05 January 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 L91110GJ1991PLC016185. 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 Rajendrabhai Kantilal Bhavsar and Ameet Nalin Parikh.
Last AGM: 19 August 2025. Financial statements filed for year ended 31 March 2025. Office: Vadodara Halol Highway, Baska, Gujarat, India – 389350.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.22 Cr, a decline of 19% compared to the previous year.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressVadodara Halol Highway, Baska, Gujarat, India – 389350
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IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 12 directors, with 13 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Rajendrabhai Kantilal Bhavsar
Also directs:
Axtel Industries Limited, Shivash Business Advisory Llp
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Cfo | 10 Mar 2016 | 10 Years 3 Months | Current |
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Ameet Nalin Parikh
Also directs:
Tranzmute Business Advisory Llp, Chaykar Business Advisory Llp, Morphis Business Advisory Llp and 5 more
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Director | 01 Dec 2009 | 16 Years 7 Months | Current |
|
Paresh Jaisinh Rajda
Also directs:
Axtel Industries Limited, Durga Desai Foundation
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Director | 03 May 2024 | 2 Years 2 Months | Current |
| Nimish Patel Rohitkumar | Director | 05 Nov 2018 | 7 Years 8 Months | Current |
|
Deepti Sharma
Also directs:
Axtel Industries Limited, Finncare India Consulting Llp, Panasonic Energy India Company Limited and 5 more
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Director | 05 Nov 2018 | 7 Years 8 Months | Current |
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Dharaben Mehulkumar Thakar
Also directs:
Axtel Industries Limited, Dr2 Global Chemtrade Private Limited
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Company Secretary | 02 Jun 2025 | 1 Years 1 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
Shareholding Pattern of Axtel Industries Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 49.95%, foreign institutional investors hold 0.41%, domestic institutional investors hold 1.42%, retail and other public shareholders hold 48.22% of Axtel Industries Limited. The company had 18,625 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 49.95% | 49.95% | 49.95% | 49.95% | 49.95% | 49.95% |
| Public | 50.05% | 50.05% | 50.05% | 50.05% | 50.05% | 50.05% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 49.95% | 49.95% | 49.95% |
| Public | 50.05% | 50.05% | 50.05% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Axtel Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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
Axtel Industries Limited has a workforce of 206 employees as of Jul 03, 2024.
Employee Count & EPFO Data of Axtel Industries Limited
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GST Compliance of Axtel Industries Limited
GSTIN & GST Filing Data of Axtel Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Axtel Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Axtel Industries Limited
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MSME Payment Delays by Axtel Industries Limited
MSME Payment Delays by Axtel Industries Limited
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Subsidiaries & Group Companies of Axtel Industries Limited
Subsidiaries & Group Companies of Axtel Industries Limited
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MCA Filings & Documents of Axtel Industries Limited
MCA Filings & Documents of Axtel Industries Limited
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Recent Activity on Axtel Industries Limited
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 ₹183.22 Cr for FY 2025 (down 19.00% YoY).
The current directors of Axtel Industries Limited are:
- Rajendrabhai Kantilal Bhavsar
- Ameet Nalin Parikh
- Paresh Jaisinh Rajda
- Nimish Patel Rohitkumar
- Deepti Sharma
- Rajendra Kantilal Bhavsar
- Dharaben Mehulkumar Thakar
- Ajitsingh Mohansingh Bubber
- Ajay Nalin Parikh
- Ajay Naishad Desai
- Prerna Sudeep Bokil
- Rajendrabhai Kantilal Bhavsar
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.