Astra Microwave Products Ltd

Astra Microwave Products Ltd

₹ 1,402 0.31%
29 May - close price
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 13,308 Cr.
  • Current Price 1,402
  • High / Low 1,433 / 836
  • Stock P/E 74.8
  • Book Value 136
  • Dividend Yield 0.16 %
  • ROCE 19.4 %
  • ROE 14.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 49.3% CAGR over last 5 years

Cons

  • Stock is trading at 10.3 times its book value
  • Promoter holding is low: 6.54%
  • Company has high debtors of 217 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
256 133 189 230 353 154 229 257 405 197 213 258 487
225 128 147 163 272 131 180 182 285 159 167 178 327
Operating Profit 31 5 42 67 80 23 49 75 120 38 46 80 160
OPM % 12% 3% 22% 29% 23% 15% 21% 29% 30% 19% 22% 31% 33%
1 2 4 4 3 2 2 2 11 3 6 3 7
Interest 9 7 6 8 9 10 12 15 19 14 13 13 14
Depreciation 6 6 6 7 6 8 6 9 11 9 10 11 13
Profit before tax 17 -6 33 56 68 7 33 53 101 17 29 59 140
Tax % 26% -25% 25% 25% 26% 27% 25% 27% 26% 25% 28% 34% 25%
12 -4 25 42 50 5 24 39 75 13 21 39 105
EPS in Rs 1.43 -0.45 2.62 4.43 5.31 0.55 2.58 4.07 7.91 1.37 2.18 4.10 11.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
623 407 391 357 286 462 589 735 807 904 1,044 1,156
512 306 285 245 253 372 523 648 657 710 778 831
Operating Profit 111 100 106 112 33 90 66 87 150 194 267 324
OPM % 18% 25% 27% 31% 12% 19% 11% 12% 19% 21% 26% 28%
6 8 6 8 24 12 12 7 6 12 18 19
Interest 15 14 15 15 13 14 24 20 29 30 57 55
Depreciation 22 24 24 27 29 25 23 22 23 25 35 43
Profit before tax 81 71 73 79 17 63 31 53 103 152 193 245
Tax % 25% 21% 17% 23% 25% 24% 24% 24% 26% 25% 26% 27%
61 56 60 61 13 47 24 40 77 113 143 178
EPS in Rs 7.42 6.51 6.95 7.01 1.45 5.47 2.76 4.65 8.85 11.90 15.10 18.73
Dividend Payout % 16% 18% 14% 17% 17% 22% 43% 30% 18% 17% 15% 13%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 13%
TTM: 11%
Compounded Profit Growth
10 Years: 12%
5 Years: 49%
3 Years: 32%
TTM: 28%
Stock Price CAGR
10 Years: 29%
5 Years: 61%
3 Years: 60%
1 Year: 28%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 16 17 17 17 17 17 17 17 17 19 19 19
Reserves 274 380 434 484 486 530 543 572 636 949 1,071 1,272
89 67 131 94 14 52 100 60 170 227 419 288
102 82 63 78 96 258 255 308 224 271 325 382
Total Liabilities 481 547 645 674 613 857 915 958 1,047 1,466 1,833 1,961
139 135 148 193 176 158 151 158 165 169 228 262
CWIP 0 1 37 1 2 12 0 0 2 13 0 9
Investments 0 3 63 131 44 37 50 37 37 38 38 48
341 407 397 349 390 650 715 764 842 1,246 1,568 1,641
Total Assets 481 547 645 674 613 857 915 958 1,047 1,466 1,833 1,961

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2 60 21 174 2 -27 -12 101 -22 -187 -99 376
-27 -21 -126 -95 84 -5 -4 -27 -28 -43 -73 -86
9 22 41 -59 -99 32 23 -67 76 234 142 -196
Net Cash Flow -20 61 -64 21 -14 0 7 7 26 3 -30 94
Free Cash Flow -35 38 -51 141 -11 -44 -15 73 -55 -235 -174 294
CFO/OP -2% 59% 35% 168% 39% -10% -7% 138% 3% -77% -22% 138%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 66 159 205 192 242 196 157 101 127 203 274 217
Inventory Days 113 199 242 255 299 309 254 280 279 335 379 378
Days Payable 56 67 37 34 51 52 31 37 31 58 47 72
Cash Conversion Cycle 122 291 410 413 489 452 380 344 375 479 605 523
Working Capital Days 97 217 231 153 312 216 192 174 180 269 284 266
ROCE % 28% 20% 16% 16% 4% 13% 9% 11% 18% 18% 18% 19%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue Mix - Defence Sector
%

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Employee Count
Number
Order Book
Rs. Cr
Revenue Mix - Export Sector
%
Gross Current Assets (GCA) Days
Days
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54%
3.03% 1.73% 2.94% 3.17% 4.67% 5.69% 5.19% 5.30% 6.47% 6.47% 6.26% 7.56%
9.86% 15.26% 14.79% 13.59% 13.57% 14.98% 15.36% 15.30% 14.36% 14.55% 14.75% 15.42%
80.58% 76.47% 75.74% 76.70% 75.22% 72.79% 72.90% 72.86% 72.62% 72.44% 72.44% 70.49%
No. of Shareholders 46,50656,28271,36873,48393,50599,07195,79094,3671,07,3841,17,1991,17,4391,16,138

* 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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