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 ₹ 10,128 Cr.
- Current Price ₹ 1,067
- High / Low ₹ 1,120 / 584
- Stock P/E 75.3
- Book Value ₹ 103
- Dividend Yield 0.18 %
- ROCE 18.8 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 105% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.5%
Cons
- Stock is trading at 10.5 times its book value
- Promoter holding is low: 6.54%
- Company has a low return on equity of 11.5% over last 3 years.
- Company has high debtors of 203 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.
Peer comparison
Sector: Aerospace & Defence Industry: Telecommunications - Equipment
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
220 | 523 | 622 | 406 | 390 | 362 | 293 | 467 | 641 | 750 | 816 | 909 | 997 | |
156 | 434 | 507 | 305 | 286 | 249 | 263 | 380 | 564 | 663 | 670 | 717 | 767 | |
Operating Profit | 64 | 89 | 116 | 101 | 103 | 114 | 31 | 88 | 77 | 87 | 145 | 192 | 230 |
OPM % | 29% | 17% | 19% | 25% | 27% | 31% | 10% | 19% | 12% | 12% | 18% | 21% | 23% |
7 | 8 | 6 | 9 | 6 | 8 | 25 | 12 | 11 | 6 | 5 | 24 | 24 | |
Interest | 7 | 12 | 15 | 14 | 15 | 15 | 13 | 15 | 26 | 21 | 31 | 32 | 47 |
Depreciation | 13 | 15 | 22 | 24 | 24 | 27 | 29 | 26 | 24 | 22 | 24 | 25 | 30 |
Profit before tax | 50 | 70 | 85 | 71 | 70 | 80 | 13 | 59 | 39 | 50 | 96 | 159 | 176 |
Tax % | 26% | 27% | 26% | 21% | 17% | 23% | 27% | 26% | 25% | 25% | 27% | 24% | |
37 | 51 | 63 | 56 | 58 | 61 | 10 | 44 | 29 | 38 | 70 | 121 | 134 | |
EPS in Rs | 4.55 | 6.21 | 7.67 | 6.50 | 6.65 | 7.05 | 1.13 | 5.08 | 3.33 | 4.37 | 8.06 | 12.75 | 14.16 |
Dividend Payout % | 18% | 18% | 16% | 18% | 15% | 17% | 22% | 24% | 36% | 32% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 25% |
3 Years: | 12% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 105% |
3 Years: | 61% |
TTM: | 68% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 74% |
3 Years: | 67% |
1 Year: | 42% |
Return on Equity | |
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10 Years: | 11% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 | 19 |
Reserves | 185 | 225 | 275 | 382 | 433 | 484 | 482 | 523 | 541 | 568 | 625 | 947 | 962 |
46 | 61 | 92 | 70 | 138 | 95 | 17 | 60 | 122 | 70 | 186 | 238 | 306 | |
252 | 263 | 111 | 82 | 61 | 80 | 99 | 296 | 265 | 313 | 228 | 270 | 320 | |
Total Liabilities | 499 | 565 | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,474 | 1,607 |
108 | 126 | 142 | 137 | 150 | 194 | 178 | 161 | 153 | 160 | 167 | 170 | 187 | |
CWIP | 0 | 0 | 0 | 1 | 37 | 1 | 2 | 12 | 0 | 0 | 2 | 13 | 21 |
Investments | 24 | 2 | 0 | 0 | 57 | 126 | 35 | 26 | 30 | 14 | 11 | 24 | 27 |
367 | 436 | 354 | 413 | 405 | 355 | 400 | 696 | 762 | 795 | 877 | 1,267 | 1,372 | |
Total Assets | 499 | 565 | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,474 | 1,607 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
114 | -26 | -5 | 59 | 14 | 179 | 1 | -7 | -25 | 115 | -25 | -182 | |
-47 | -14 | -28 | -18 | -123 | -94 | 85 | -30 | -1 | -26 | -28 | -44 | |
-24 | 0 | 11 | 21 | 46 | -65 | -98 | 37 | 34 | -79 | 75 | 232 | |
Net Cash Flow | 43 | -39 | -22 | 62 | -63 | 20 | -12 | -1 | 8 | 10 | 21 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 238 | 92 | 66 | 159 | 206 | 192 | 239 | 195 | 152 | 100 | 127 | 203 |
Inventory Days | 268 | 166 | 149 | 208 | 252 | 266 | 314 | 390 | 270 | 290 | 295 | 344 |
Days Payable | 121 | 235 | 65 | 69 | 34 | 36 | 55 | 84 | 31 | 38 | 32 | 56 |
Cash Conversion Cycle | 385 | 23 | 150 | 299 | 424 | 421 | 498 | 501 | 391 | 352 | 390 | 491 |
Working Capital Days | 4 | 72 | 126 | 219 | 291 | 175 | 309 | 254 | 252 | 207 | 262 | 358 |
ROCE % | 30% | 29% | 20% | 16% | 15% | 3% | 13% | 10% | 11% | 17% | 19% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting Held On May 20, 2025, Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
19h - Approved Rs.174 Cr preferential issue of 20.14 lakh convertible warrants, EGM on June 13, 2025.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015- Fund Raising
15 May - Board to consider fund raising via equity/debentures; shareholder approval planned on May 20, 2025.
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Board Meeting Intimation for Board Meeting To Be Held On 22Nd May, 2025 To Consider And Approve The Audited Financial Results For The Fourth Quarter And Year Ended 31St March, 2025.
14 May - Board meeting on May 22 to approve FY25 audited results and consider dividend; trading window closed till May 24.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 Apr - Annual Secretarial Compliance Report filed for FY ended March 31, 2025.
Annual reports
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Financial Year 2024
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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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Feb 2025Transcript PPT
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Nov 2016TranscriptPPT
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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]