About Axtel
Axtel is a publicly listed company based in Vadodara (India) founded in 1991. Grinding devices for healthcare sector are manufactured by Axtel. It operates on a B2B2C model in Industrial Goods & Manufacturing and Chemicals & Materials sectors. The company has 228 employees. Its Indian entity Axtel Industries Limited reported revenue of ₹230 Cr. Axtel offers products and services including Process Systems for Chocolates & Confectionery, Spices Processing Systems, and Customized Processing Solutions. Its focus areas include Industrial Goods, Machinery and Food Processing Equipment.
Company details
Axtel Industries Limited is focused on delivering customized process engineering solutions for the food, pharmaceutical, and chemical sectors. A wide range of equipment and systems, including size reduction, sieving, mixing, and steam sterilization, are offered to meet diverse processing needs. Turnkey processing plants are designed to maximize profitability, ensure sustainability, and improve reliability. With over 25 years of experience, comprehensive solutions across the food processing value chain, from raw ingredient handling to final processing stages, are provided to clients globally.
- Headquarters Vadodara, India
- Employees 228
- Stage Public
- SectorsIndustrial Goods & ManufacturingChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website axtelindia.com
- Social LinkedIn X
- Legal Name Axtel Industries Limited
- Market Cap₹659 Cr
AXTEL · NSE
- Share Price₹403.55
-1.10% today
- Revenue₹224 Cr
FY 2025-26 · +25.3% YoY
- EBITDA₹40.69 Cr
Margin 18.2%
- Net Profit₹25.38 Cr
FY 2025-26 · +55.2% YoY
- P/E (TTM)21.0x
P/B 5.3x
- ROE20.5%
ROCE 28.8%
- Employee Count228
Associated legal entities of Axtel
Axtel operates through Axtel Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Axtel Industries Limited Listed CIN L91110GJ1991PLC016185 | Active | 28 Aug 1991 | Baska, Gujarat | ₹230 Cr | 206 | 9 | View details |
Products & Services of Axtel
Axtel offers a comprehensive portfolio of products and services, including Process Systems for Chocolates & Confectionery, Spices Processing Systems, and Customized Processing Solutions.
Solutions for chocolate and confectionery processing are provided.
Equipment for spice processing needs is designed meticulously.
Tailored solutions for unique food processing requirements are offered.
Board of directors of Axtel Industries Limited (Axtel)
Axtel Industries Limited is the primary company behind Axtel. The board of Axtel Industries Limited currently have 7 directors; the longest-serving is Ajay Nalin Parikh, appointed in 1991. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Nalin Parikh DIN 00453711 | Whole-time director | 28 Aug 1991 | 35 yrs 1 mo | Axtel Industries Limited |
| Ajay Naishad Desai DIN 00452821 | Whole-time director | 28 Aug 1991 | 35 yrs 1 mo | Axtel Industries Limited |
| Ajitsingh Mohansingh Bubber DIN 00454111 | Director | 01 Apr 1995 | 31 yrs 6 mo | Axtel Industries Limited |
| Ameet Nalin Parikh DIN 00007036 | Director | 01 Dec 2009 | 16 yrs 10 mo | Axtel Industries Limited |
| Nimish Patel Rohitkumar DIN 00029353 | Director | 05 Nov 2018 | 7 yrs 11 mo | Axtel Industries Limited |
| Deepti Sharma DIN 03630613 | Director | 05 Nov 2018 | 7 yrs 11 mo | Axtel Industries Limited |
| Paresh Jaisinh Rajda DIN 00680340 | Director | 03 May 2024 | 2 yrs 5 mo | Axtel Industries Limited |
People of Axtel
33 people are tracked at Axtel (3 in leadership, 30 in team); the tracked headcount is 228.
| Name | Role | Group |
|---|---|---|
| Executive Director | Leadership | |
Neeraj Puranik | General Manager - Electrical & Automation | Leadership |
Suresh Balu | Deputy General Manager -engineering | Leadership |
Viral Soni | Production Engineer | Team |
Kirtikumar Bhatt | Senior Manager - Plant Engineering | Team |
Rushabh Vaghela | Sr Engineer Production | Team |
Amit Surti | Planning Engineer | Team |
Jay Gharge | Engineer - Service In Projects Management | Team |
Sagar Patil | Assistant Manager | Team |
Hitesh Parmar | Project Engineer | Team |
Abhishek Rane | HR Manager | Team |
Divyesh Darji | Senior Engineer | Team |
Kiran Badgujar | Senior Project Engineer | Team |
Chirant Movaliya | Senior Design Engineer | Team |
Dasharath Patel | Senior Design Engineer | Team |
Amit Mishra | Senior Planning Engineer | Team |
Ankur Patel | Senior Engineer - Equipment Design | Team |
Shubham Mistry | Equipment Design Engineer | Team |
Shubham Panchal | Engineer- Equipment Engineering | Team |
Ketul Prajapati | Engineer-project Executions | Team |
13 more people are available in the full profile.
Complete people profiles for Axtel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Axtel
Axtel is a publicly listed company on the BSE with ticker symbol AXTEL in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Dec 1993
- Listed onBSE: 523850
- Listed entityAxtel Industries Limited
- Exchange sectorProducer manufacturing
- ISININE767C01012
- Share price₹465.10 (-5.03% on the day) · 2026-05-11
- Market capitalisation₹791 Cr
- Price to earnings24.1
- EPS (diluted, trailing year)₹19.29
- Dividend yield3.68%
- Volume (last session)26,484
- Analyst consensusNo rating
Financials of Axtel
Exchange-reported figures of Axtel Industries Limited, the listed company behind Axtel (NSE: AXTEL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 224 | 179 | 223 | 180 | 144 | 153 | 99.65 |
| Revenue growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| EBITDA | 40.69 | 23.83 | 44.04 | 22.80 | 17.04 | 28.70 | 14.34 |
| EBITDA margin | +18.2% | +13.4% | +19.7% | +12.7% | +11.8% | +18.7% | +14.4% |
| Profit before tax | 41.40 | 23.94 | 42.85 | 22.97 | 18.83 | 28.86 | 14.86 |
| Net profit | 25.38 | 16.35 | 30.78 | 16.70 | 11.77 | 20.88 | 10.84 |
| Net profit margin | +11.3% | +9.2% | +13.8% | +9.3% | +8.2% | +13.6% | +10.9% |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Balance sheet | |||||||
| Total assets | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Net worth | 125 | 123 | 113 | 96.15 | 80.82 | 71.37 | 55.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.63 | 7.75 |
| Cash & bank | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Net working capital | 12.13 | 34.96 | 49.12 | 42.16 | 48.00 | 22.43 | 18.91 |
| Cash flow | |||||||
| Cash from operations | 70.51 | 31.22 | 38.68 | 30.14 | (11.14) | 24.54 | 12.04 |
| Cash from investing | (27.67) | (25.49) | (9.45) | (19.96) | 14.48 | (7.83) | (11.36) |
| Cash from financing | (29.33) | (8.76) | (16.16) | (4.79) | (5.48) | (12.68) | (1.91) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.31 | 70.57 | 58.63 | 67.34 | 27.22 | 37.61 | 40.41 | 55.84 |
| Revenue growth (YoY) | +18.7% | +87.6% | +45.1% | +20.6% | -39.1% | - | - | - |
| Other income | 1.23 | 1.02 | 1.44 | 1.63 | 1.84 | 1.37 | 1.07 | 1.31 |
| Total expenses | 29.78 | 55.41 | 47.80 | 54.16 | 25.71 | 33.09 | 35.45 | 46.97 |
| EBITDA | 2.53 | 15.16 | 10.83 | 13.18 | 1.51 | 4.52 | 4.96 | 8.87 |
| EBITDA margin | +7.8% | +21.5% | +18.5% | +19.6% | +5.5% | +12.0% | +12.3% | +15.9% |
| Depreciation | 1.11 | 1.28 | 1.35 | 1.21 | 1.12 | 1.12 | 0.97 | 0.92 |
| Interest | 0.10 | 0.11 | 0.09 | (0.02) | 0.07 | 0.28 | 0.10 | 0.12 |
| Profit before tax | 2.55 | 14.79 | 10.83 | 13.62 | 2.16 | 4.49 | 4.96 | 9.14 |
| Tax | 0.59 | 3.63 | 2.85 | 3.50 | 0.27 | (0.27) | 1.70 | 3.25 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.31 | 70.57 | 58.63 | 67.34 | 27.22 | 37.61 | 40.41 | 55.84 |
| Revenue growth (YoY) | +18.7% | +87.6% | +45.1% | +20.6% | -39.1% | - | - | - |
| Other income | 1.23 | 1.02 | 1.44 | 1.63 | 1.84 | 1.37 | 1.07 | 1.31 |
| Total expenses | 29.78 | 55.41 | 47.80 | 54.16 | 25.71 | 33.09 | 35.45 | 46.97 |
| EBITDA | 2.53 | 15.16 | 10.83 | 13.18 | 1.51 | 4.52 | 4.96 | 8.87 |
| EBITDA margin | +7.8% | +21.5% | +18.5% | +19.6% | +5.5% | +12.0% | +12.3% | +15.9% |
| Depreciation | 1.11 | 1.28 | 1.35 | 1.21 | 1.12 | 1.12 | 0.97 | 0.92 |
| Interest | 0.10 | 0.11 | 0.09 | (0.02) | 0.07 | 0.28 | 0.10 | 0.12 |
| Profit before tax | 2.55 | 14.79 | 10.83 | 13.62 | 2.16 | 4.49 | 4.96 | 9.14 |
| Tax | 0.59 | 3.63 | 2.85 | 3.50 | 0.27 | (0.27) | 1.70 | 3.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 224 | 179 | 223 | 180 | 144 | 153 | 99.65 |
| Revenue growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| Other income | 5.93 | 4.67 | 3.19 | 3.67 | 5.11 | 3.47 | 3.90 |
| Total expenses | 183 | 155 | 179 | 157 | 127 | 125 | 85.31 |
| Employee cost | 39.46 | 36.81 | 34.02 | 29.28 | 26.27 | 22.93 | 20.06 |
| EBITDA | 40.69 | 23.83 | 44.04 | 22.80 | 17.04 | 28.70 | 14.34 |
| EBITDA margin | +18.2% | +13.4% | +19.7% | +12.7% | +11.8% | +18.7% | +14.4% |
| Depreciation | 4.97 | 3.88 | 2.76 | 2.41 | 2.84 | 2.59 | 2.68 |
| Interest | 0.25 | 0.68 | 1.62 | 1.09 | 0.48 | 0.72 | 0.70 |
| Profit before tax | 41.40 | 23.94 | 42.85 | 22.97 | 18.83 | 28.86 | 14.86 |
| Tax | 10.24 | 5.91 | 10.73 | 5.66 | 4.99 | 7.57 | 3.97 |
| Net profit | 25.38 | 16.35 | 30.78 | 16.70 | 11.77 | 20.88 | 10.84 |
| Net profit margin | +11.3% | +9.2% | +13.8% | +9.3% | +8.2% | +13.6% | +10.9% |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 |
| Reserves & surplus | 108 | 106 | 96.85 | 80.00 | 64.67 | 55.22 | 38.85 |
| Shareholders' funds (net worth) | 125 | 123 | 113 | 96.15 | 80.82 | 71.37 | 55.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.63 | 7.75 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.63 | 7.75 |
| Total liabilities | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Assets | |||||||
| Gross block | 61.36 | 53.01 | 46.52 | 31.30 | 30.52 | 29.10 | 26.48 |
| Net block | 31.38 | 27.99 | 25.31 | 12.85 | 14.43 | 15.83 | 15.80 |
| Capital work in progress | 0.35 | 0.84 | 0.43 | 4.74 | 0.33 | 0.00 | 0.59 |
| Investments | 81.28 | 57.20 | 35.22 | 34.50 | 18.10 | 33.85 | 26.18 |
| Inventories | 33.13 | 37.37 | 52.13 | 45.02 | 36.61 | 22.56 | 30.73 |
| Sundry debtors | 45.13 | 32.60 | 49.76 | 61.56 | 45.90 | 20.05 | 11.87 |
| Cash & bank balances | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Loans & advances | 2.77 | 4.47 | 2.54 | 4.22 | 4.49 | 3.20 | 8.12 |
| Total current assets | 97.50 | 96.84 | 129 | 122 | 93.15 | 54.10 | 54.99 |
| Total current liabilities | 85.37 | 61.88 | 79.92 | 80.19 | 45.15 | 31.67 | 36.08 |
| Net working capital | 12.13 | 34.96 | 49.12 | 42.16 | 48.00 | 22.43 | 18.91 |
| Total assets | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 | 5.50 |
| Net cash from operating activities | 70.51 | 31.22 | 38.68 | 30.14 | (11.14) | 24.54 | 12.04 |
| Net cash from investing activities | (27.67) | (25.49) | (9.45) | (19.96) | 14.48 | (7.83) | (11.36) |
| Net cash from financing activities | (29.33) | (8.76) | (16.16) | (4.79) | (5.48) | (12.68) | (1.91) |
| Net change in cash | 13.51 | (3.03) | 13.07 | 5.39 | (2.14) | 4.03 | (1.23) |
| Closing cash | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| EBITDA growth | +70.8% | -45.9% | +93.2% | +33.8% | -40.6% | +100.1% | - |
| PBT growth | +72.9% | -44.1% | +86.6% | +22.0% | -34.8% | +94.2% | -18.3% |
| Net income growth | +55.2% | -46.9% | +84.3% | +41.9% | -43.6% | +92.6% | - |
| Revenue CAGR (3Y) | +7.5% | +7.4% | +13.3% | +21.8% | +9.1% | +23.5% | +9.4% |
| EBITDA CAGR (3Y) | +21.3% | +11.8% | +15.3% | +16.7% | -3.1% | +41.7% | +10.4% |
| Profitability & leverage | |||||||
| Net income margin | +13.9% | +10.1% | +14.4% | +9.6% | +9.6% | +13.9% | +10.9% |
| Return on capital employed | +28.8% | +20.3% | +41.4% | +26.1% | +20.3% | +41.2% | +25.1% |
| Return on net worth | +20.5% | +15.3% | +30.7% | +19.6% | +15.5% | +33.7% | +20.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.07 | 0.08 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 0.70 | 3.41 | 3.92 | 5.35 | 3.38 | 2.76 | 6.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.91 | 3.59 | 5.74 | 5.83 | 4.83 | 5.52 | 3.96 |
| Inventory turnover | 6.35 | 3.99 | 4.60 | 4.41 | 4.87 | 5.76 | 3.80 |
| Debtors turnover | 5.76 | 4.34 | 4.01 | 3.35 | 4.37 | 9.61 | 6.37 |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Dividend per share (₹) | 12.00 | 11.00 | 6.00 | 3.00 | 2.00 | 6.00 | 2.50 |
| Book value per share (₹) | 77.16 | 75.88 | 69.95 | 59.52 | 50.03 | 44.18 | 34.05 |
Web traffic of Axtel
The website of Axtel (axtelindia.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 7.3% vs previous month
Websites whose visitors overlap most with Axtel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gill-industries.com | 100% | View details | |||
| rheologysolutions.com | 100% | #7,913,256 | View details | ||
| pmtmachines.com | 85% | #12,377,205 | View details | ||
| caparo.co.in | 78% | 4K | #4,493,916 | View details |
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Frequently Asked Questions about Axtel
Axtel was founded in 1991.
Axtel is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Axtel has 228 employees.
The primary company behind Axtel, Axtel Industries Limited, reported revenue of ₹230 Cr for FY 2026, up 25% year on year.
Axtel Industries Limited is focused on delivering customized process engineering solutions for the food, pharmaceutical, and chemical sectors. A wide range of equipment and systems, including size reduction, sieving, mixing, and steam sterilization, are offered to meet diverse processing needs. Turnkey processing plants are designed to maximize profitability, ensure sustainability, and improve reliability. With over 25 years of experience, comprehensive solutions across the food processing value chain, from raw ingredient handling to final processing stages, are provided to clients globally.
Axtel offers Process Systems for Chocolates & Confectionery, Spices Processing Systems, and Customized Processing Solutions.
Yes, Axtel is publicly traded on BSE under the ticker symbol AXTEL.
Axtel operates through Axtel Industries Limited.
The legal entities of Axtel currently have 9 directors, including Ameet Nalin Parikh, Ajitsingh Mohansingh Bubber, Ajay Nalin Parikh and others.