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 ₹ 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 May - Q4 FY25 earnings: INR1044 Cr revenue, 25.5% EBITDA margin, INR174 Cr fundraise, INR2304 Cr order book.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23 May
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Announcement under Regulation 30 (LODR)-Resignation of Director
23 May - Independent Director S. Varadarajan resigned effective May 22, 2025, due to pre-occupation.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - News paper clippings - EGM notice and E-voting instructions
Annual reports
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Financial Year 2024
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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 2018
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Financial Year 2017
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Financial Year 2016
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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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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Jan 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Nov 2019TranscriptPPT
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May 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Jun 2018TranscriptPPT
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Nov 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
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]