Astra Microwave Products Ltd

Astra Microwave Products Ltd

₹ 1,170 -0.29%
11 Jun 1:09 p.m.
About

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.

Key Points

Products & Applications
Astra is engaged in designing, developing, manufacturing, and supplying high-value-added RF and microwave super components, sub-systems, and systems finding for Defense, Space, Telecom, Meteorology, and Civil communication applications. [1]

  • Market Cap 11,112 Cr.
  • Current Price 1,170
  • High / Low 1,196 / 584
  • Stock P/E 77.6
  • Book Value 115
  • Dividend Yield 0.17 %
  • ROCE 18.5 %
  • ROE 13.9 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 25.8% CAGR over last 5 years

Cons

  • Stock is trading at 10.2 times its book value
  • Promoter holding is low: 6.54%
  • Company has a low return on equity of 13.5% over last 3 years.
  • Company has high debtors of 274 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
239 161 171 219 256 133 189 230 353 154 229 257 405
210 136 130 166 225 128 147 163 272 131 180 182 285
Operating Profit 29 25 40 53 31 5 42 67 80 23 49 75 120
OPM % 12% 15% 24% 24% 12% 3% 22% 29% 23% 15% 21% 29% 30%
2 1 2 2 1 2 4 4 3 2 2 2 11
Interest 4 5 7 8 9 7 6 8 9 10 12 15 19
Depreciation 6 5 6 6 6 6 6 7 6 8 6 9 11
Profit before tax 21 15 30 41 17 -6 33 56 68 7 33 53 101
Tax % 25% 25% 25% 26% 26% -25% 25% 25% 26% 27% 25% 27% 26%
16 11 23 30 12 -4 25 42 50 5 24 39 75
EPS in Rs 1.80 1.32 2.61 3.49 1.43 -0.45 2.62 4.43 5.31 0.55 2.58 4.07 7.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
523 623 407 391 357 286 462 589 735 807 904 1,044
434 512 306 285 245 253 372 523 648 657 710 778
Operating Profit 89 111 100 106 112 33 90 66 87 150 194 266
OPM % 17% 18% 25% 27% 31% 12% 19% 11% 12% 19% 21% 26%
8 6 8 6 8 24 12 12 7 6 12 18
Interest 12 15 14 15 15 13 14 24 20 29 30 56
Depreciation 15 22 24 24 27 29 25 23 22 23 25 35
Profit before tax 70 81 71 73 79 17 63 31 53 103 152 193
Tax % 27% 25% 21% 17% 23% 25% 24% 24% 24% 26% 25% 26%
51 61 56 60 61 13 47 24 40 77 113 143
EPS in Rs 6.22 7.42 6.51 6.95 7.01 1.45 5.47 2.76 4.65 8.85 11.90 15.10
Dividend Payout % 18% 16% 18% 14% 17% 17% 22% 43% 30% 18% 17% 15%
Compounded Sales Growth
10 Years: 5%
5 Years: 18%
3 Years: 12%
TTM: 15%
Compounded Profit Growth
10 Years: 9%
5 Years: 26%
3 Years: 53%
TTM: 27%
Stock Price CAGR
10 Years: 27%
5 Years: 72%
3 Years: 74%
1 Year: 38%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 17 17 17 17 17 17 17 17 19 19
Reserves 225 274 380 434 484 486 530 543 572 636 949 1,071
61 89 67 131 94 14 52 100 60 170 227 419
259 102 82 63 78 96 258 255 308 224 271 325
Total Liabilities 561 481 547 645 674 613 857 915 958 1,047 1,466 1,833
126 139 135 148 193 176 158 151 158 165 169 228
CWIP 0 0 1 37 1 2 12 0 0 2 13 0
Investments 2 0 3 63 131 44 37 50 37 37 38 38
433 341 407 397 349 390 650 715 764 842 1,246 1,568
Total Assets 561 481 547 645 674 613 857 915 958 1,047 1,466 1,833

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-29 -2 60 21 174 2 -5 -10 101 -22 -187 -99
-12 -27 -21 -126 -95 84 -27 -4 -27 -28 -43 -73
0 9 22 41 -59 -99 32 21 -67 76 234 142
Net Cash Flow -40 -20 61 -64 21 -14 0 7 7 26 3 -30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 92 66 159 205 192 242 196 157 101 127 203 274
Inventory Days 153 113 199 242 255 299 309 254 280 279 335 379
Days Payable 231 56 67 37 34 51 52 31 37 31 58 47
Cash Conversion Cycle 14 122 291 410 413 489 452 380 344 375 479 605
Working Capital Days 75 125 217 285 174 312 253 254 202 255 354 416
ROCE % 30% 28% 20% 16% 16% 4% 13% 9% 11% 18% 18% 18%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
8.46% 8.28% 8.27% 7.17% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54%
2.17% 3.13% 2.32% 2.32% 3.03% 1.73% 2.94% 3.17% 4.67% 5.69% 5.19% 5.30%
0.16% 0.07% 0.07% 0.07% 9.86% 15.26% 14.79% 13.59% 13.57% 14.98% 15.36% 15.30%
89.20% 88.52% 89.34% 90.44% 80.58% 76.47% 75.74% 76.70% 75.22% 72.79% 72.90% 72.86%
No. of Shareholders 39,15044,06947,70349,52846,50656,28271,36873,48393,50599,07195,79094,367

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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