Astra Microwave Products Ltd

Astra Microwave Products Ltd

₹ 1,174 3.85%
10 Jun - 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 11,144 Cr.
  • Current Price 1,174
  • High / Low 1,196 / 584
  • Stock P/E 72.6
  • Book Value 116
  • Dividend Yield 0.17 %
  • ROCE 19.1 %
  • ROE 14.9 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 29.4% CAGR over last 5 years

Cons

  • Stock is trading at 10.1 times its book value
  • Promoter holding is low: 6.54%
  • Company has high debtors of 273 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

Consolidated Figures in Rs. Crores / View Standalone

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
239 162 175 220 258 134 190 231 354 155 230 259 408
215 140 136 169 226 131 148 165 273 131 180 182 289
Operating Profit 25 22 39 51 33 3 42 66 81 24 49 76 118
OPM % 10% 14% 22% 23% 13% 2% 22% 29% 23% 15% 21% 29% 29%
2 1 2 2 1 2 9 6 6 4 3 10 11
Interest 5 6 7 8 10 7 6 8 9 10 13 15 19
Depreciation 6 6 6 6 6 6 6 7 6 8 6 10 11
Profit before tax 16 12 28 38 18 -8 38 57 71 9 34 62 99
Tax % 30% 31% 27% 28% 25% -18% 22% 25% 24% 23% 25% 23% 26%
11 8 21 28 14 -7 30 43 54 7 25 47 73
EPS in Rs 1.26 0.94 2.37 3.20 1.56 -0.71 3.16 4.57 5.73 0.76 2.67 5.00 7.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
523 622 406 390 362 293 467 641 750 816 909 1,051
434 507 305 286 249 263 380 564 663 670 717 782
Operating Profit 89 116 101 103 114 31 88 77 87 145 192 269
OPM % 17% 19% 25% 27% 31% 10% 19% 12% 12% 18% 21% 26%
8 6 9 6 8 25 12 11 6 5 24 27
Interest 12 15 14 15 15 13 15 26 21 31 32 57
Depreciation 15 22 24 24 27 29 26 24 22 24 25 35
Profit before tax 70 85 71 70 80 13 59 39 50 96 159 204
Tax % 27% 26% 21% 17% 23% 27% 26% 25% 25% 27% 24% 25%
51 63 56 58 61 10 44 29 38 70 121 154
EPS in Rs 6.21 7.67 6.50 6.65 7.05 1.13 5.08 3.33 4.37 8.06 12.75 16.17
Dividend Payout % 18% 16% 18% 15% 17% 22% 24% 36% 32% 20% 16% 14%
Compounded Sales Growth
10 Years: 5%
5 Years: 18%
3 Years: 12%
TTM: 16%
Compounded Profit Growth
10 Years: 9%
5 Years: 29%
3 Years: 60%
TTM: 27%
Stock Price CAGR
10 Years: 27%
5 Years: 72%
3 Years: 74%
1 Year: 40%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 225 275 382 433 484 482 523 541 568 625 947 1,079
61 92 70 138 95 17 60 122 70 186 238 424
263 111 82 61 80 99 296 265 313 228 270 329
Total Liabilities 565 495 551 649 676 615 895 945 969 1,057 1,474 1,851
126 142 137 150 194 178 161 153 160 167 170 229
CWIP 0 0 1 37 1 2 12 0 0 2 13 3
Investments 2 0 0 57 126 35 26 30 14 11 24 32
436 354 413 405 355 400 696 762 795 877 1,267 1,587
Total Assets 565 495 551 649 676 615 895 945 969 1,057 1,474 1,851

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-26 -5 59 14 179 1 -7 -25 115 -25 -182 -90
-14 -28 -18 -123 -94 85 -30 -1 -26 -28 -44 -76
0 11 21 46 -65 -98 37 34 -79 75 232 141
Net Cash Flow -39 -22 62 -63 20 -12 -1 8 10 21 7 -25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 159 206 192 239 195 152 100 127 203 273
Inventory Days 166 149 208 252 266 314 390 270 290 295 344 389
Days Payable 235 65 69 34 36 55 84 31 38 32 56 48
Cash Conversion Cycle 23 150 299 424 421 498 501 391 352 390 491 614
Working Capital Days 72 126 219 291 175 309 254 252 207 262 358 416
ROCE % 30% 29% 20% 16% 15% 3% 13% 10% 11% 17% 19% 19%

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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Documents

Concalls