Astra Microwave Products Ltd
Astra Microwave Products is engaged in the business of design, development and manufacture of sub-systems for Radio Frequency and microwave systems used in defense, space, meteorology and telecommunication.
- Market Cap ₹ 7,227 Cr.
- Current Price ₹ 761
- High / Low ₹ 769 / 316
- Stock P/E 90.1
- Book Value ₹ 91.6
- Dividend Yield 0.21 %
- ROCE 17.1 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.3%
Cons
- Stock is trading at 8.31 times its book value
- Promoter holding is low: 6.54%
- Company has a low return on equity of 7.84% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Aerospace & Defence Industry: Telecommunications - Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
157 | 220 | 523 | 622 | 406 | 390 | 362 | 293 | 467 | 641 | 750 | 816 | 813 | |
115 | 156 | 434 | 507 | 305 | 286 | 249 | 263 | 380 | 564 | 663 | 670 | 670 | |
Operating Profit | 42 | 64 | 89 | 116 | 101 | 103 | 114 | 31 | 88 | 77 | 87 | 145 | 144 |
OPM % | 27% | 29% | 17% | 19% | 25% | 27% | 31% | 10% | 19% | 12% | 12% | 18% | 18% |
2 | 7 | 8 | 6 | 9 | 6 | 8 | 25 | 12 | 11 | 6 | 5 | 18 | |
Interest | 7 | 7 | 12 | 15 | 14 | 15 | 15 | 13 | 15 | 26 | 21 | 31 | 31 |
Depreciation | 13 | 13 | 15 | 22 | 24 | 24 | 27 | 29 | 26 | 24 | 22 | 24 | 25 |
Profit before tax | 24 | 50 | 70 | 85 | 71 | 70 | 80 | 13 | 59 | 39 | 50 | 96 | 106 |
Tax % | 24% | 26% | 27% | 26% | 21% | 17% | 23% | 27% | 26% | 25% | 25% | 27% | |
19 | 37 | 51 | 63 | 56 | 58 | 61 | 10 | 44 | 29 | 38 | 70 | 80 | |
EPS in Rs | 2.27 | 4.55 | 6.21 | 7.67 | 6.50 | 6.65 | 7.05 | 1.13 | 5.08 | 3.33 | 4.37 | 8.06 | 8.58 |
Dividend Payout % | 22% | 18% | 18% | 16% | 18% | 15% | 17% | 22% | 24% | 36% | 32% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 18% |
3 Years: | 20% |
TTM: | 2% |
Compounded Profit Growth | |
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10 Years: | 6% |
5 Years: | 4% |
3 Years: | 18% |
TTM: | 19% |
Stock Price CAGR | |
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10 Years: | 23% |
5 Years: | 56% |
3 Years: | 83% |
1 Year: | 128% |
Return on Equity | |
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10 Years: | 10% |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 |
Reserves | 130 | 185 | 225 | 275 | 382 | 433 | 484 | 482 | 523 | 541 | 568 | 625 | 850 |
36 | 46 | 61 | 92 | 70 | 138 | 95 | 17 | 60 | 122 | 70 | 185 | 68 | |
88 | 252 | 263 | 111 | 82 | 61 | 80 | 99 | 296 | 265 | 313 | 229 | 247 | |
Total Liabilities | 269 | 499 | 565 | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,185 |
93 | 108 | 126 | 142 | 137 | 150 | 194 | 178 | 161 | 153 | 160 | 167 | 165 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 37 | 1 | 2 | 12 | 0 | 0 | 2 | 7 |
Investments | 0 | 24 | 2 | 0 | 0 | 57 | 126 | 35 | 26 | 30 | 14 | 11 | 17 |
176 | 367 | 436 | 354 | 413 | 405 | 355 | 400 | 696 | 762 | 795 | 877 | 996 | |
Total Assets | 269 | 499 | 565 | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,185 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
28 | 114 | -26 | -5 | 59 | 14 | 179 | 1 | -7 | -25 | 115 | -25 | |
-6 | -47 | -14 | -28 | -18 | -123 | -94 | 85 | -30 | -1 | -26 | -28 | |
-19 | -24 | 0 | 11 | 21 | 46 | -65 | -98 | 37 | 34 | -79 | 75 | |
Net Cash Flow | 3 | 43 | -39 | -22 | 62 | -63 | 20 | -12 | -1 | 8 | 10 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 190 | 238 | 92 | 66 | 159 | 206 | 192 | 239 | 195 | 152 | 100 | 127 |
Inventory Days | 276 | 268 | 166 | 149 | 208 | 252 | 266 | 314 | 390 | 270 | 290 | 295 |
Days Payable | 79 | 121 | 235 | 65 | 69 | 34 | 36 | 55 | 84 | 31 | 38 | 32 |
Cash Conversion Cycle | 387 | 385 | 23 | 150 | 299 | 424 | 421 | 498 | 501 | 391 | 352 | 390 |
Working Capital Days | 171 | 4 | 72 | 126 | 219 | 291 | 175 | 309 | 254 | 252 | 207 | 262 |
ROCE % | 18% | 30% | 29% | 20% | 16% | 15% | 3% | 13% | 10% | 11% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Company has scheduled the operational and financial performance for Q4 FY24 earnings call with analysts on 24th May, 2024 at 5.00 P.M IST. Copy of …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Board Meeting Intimation for Board Meeting To Be Held On 24Th May, 2024 To Consider And Approve The Audited Financial Results For The Fourth Quarter And Year Ended 31St March, 2024. 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 May
- Updates - Collaboration Agreement With Teledyne E2v Hirel Electronics. 10 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Products & Applications
Astra is engaged in the design, development, manufacture, and supply of high-value-added RF and microwave super components, sub-systems, and systems finding for Defense, Space, Telecom, Meteorology, and Civil communication applications. [1]