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 ₹ 17,548 Cr.
- Current Price ₹ 1,850
- High / Low ₹ 1,874 / 836
- Stock P/E 90.9
- Book Value ₹ 138
- Dividend Yield 0.12 %
- ROCE 20.2 %
- ROE 16.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.2% CAGR over last 5 years
Cons
- Stock is trading at 13.4 times its book value
- Promoter holding is low: 6.54%
- Company has high debtors of 216 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 622 | 406 | 390 | 362 | 293 | 467 | 641 | 750 | 816 | 909 | 1,051 | 1,163 | |
| 507 | 305 | 286 | 249 | 263 | 380 | 564 | 663 | 670 | 717 | 782 | 829 | |
| Operating Profit | 116 | 101 | 103 | 114 | 31 | 88 | 77 | 87 | 145 | 192 | 269 | 334 |
| OPM % | 19% | 25% | 27% | 31% | 10% | 19% | 12% | 12% | 18% | 21% | 26% | 29% |
| 6 | 9 | 6 | 8 | 25 | 12 | 11 | 6 | 5 | 24 | 27 | 26 | |
| Interest | 15 | 14 | 15 | 15 | 13 | 15 | 26 | 21 | 31 | 32 | 57 | 56 |
| Depreciation | 22 | 24 | 24 | 27 | 29 | 26 | 24 | 22 | 24 | 25 | 35 | 44 |
| Profit before tax | 85 | 71 | 70 | 80 | 13 | 59 | 39 | 50 | 96 | 159 | 204 | 261 |
| Tax % | 26% | 21% | 17% | 23% | 27% | 26% | 25% | 25% | 27% | 24% | 25% | 26% |
| 63 | 56 | 58 | 61 | 10 | 44 | 29 | 38 | 70 | 121 | 154 | 193 | |
| EPS in Rs | 7.67 | 6.50 | 6.65 | 7.05 | 1.13 | 5.08 | 3.33 | 4.37 | 8.06 | 12.75 | 16.17 | 20.32 |
| Dividend Payout % | 16% | 18% | 15% | 17% | 22% | 24% | 36% | 32% | 20% | 16% | 14% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 46% |
| 3 Years: | 40% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 61% |
| 3 Years: | 73% |
| 1 Year: | 72% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 15% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 275 | 382 | 433 | 484 | 482 | 523 | 541 | 568 | 625 | 947 | 1,079 | 1,296 |
| 92 | 70 | 138 | 95 | 17 | 60 | 122 | 70 | 186 | 238 | 424 | 288 | |
| 111 | 82 | 61 | 80 | 99 | 296 | 265 | 313 | 228 | 270 | 329 | 386 | |
| Total Liabilities | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,474 | 1,851 | 1,988 |
| 142 | 137 | 150 | 194 | 178 | 161 | 153 | 160 | 167 | 170 | 229 | 267 | |
| CWIP | 0 | 1 | 37 | 1 | 2 | 12 | 0 | 0 | 2 | 13 | 3 | 9 |
| Investments | 0 | 0 | 57 | 126 | 35 | 26 | 30 | 14 | 11 | 24 | 32 | 50 |
| 354 | 413 | 405 | 355 | 400 | 696 | 762 | 795 | 877 | 1,267 | 1,587 | 1,662 | |
| Total Assets | 495 | 551 | 649 | 676 | 615 | 895 | 945 | 969 | 1,057 | 1,474 | 1,851 | 1,988 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5 | 59 | 14 | 179 | 1 | -7 | -25 | 115 | -25 | -182 | -90 | 387 | |
| -28 | -18 | -123 | -94 | 85 | -30 | -1 | -26 | -28 | -44 | -76 | -85 | |
| 11 | 21 | 46 | -65 | -98 | 37 | 34 | -79 | 75 | 232 | 141 | -196 | |
| Net Cash Flow | -22 | 62 | -63 | 20 | -12 | -1 | 8 | 10 | 21 | 7 | -25 | 106 |
| Free Cash Flow | -39 | 37 | -58 | 145 | -12 | -25 | -28 | 87 | -59 | -229 | -169 | 304 |
| CFO/OP | -4% | 58% | 30% | 170% | 42% | 12% | -22% | 155% | 0% | -75% | -18% | 138% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 206 | 192 | 239 | 195 | 152 | 100 | 127 | 203 | 273 | 216 |
| Inventory Days | 149 | 208 | 252 | 266 | 314 | 390 | 270 | 290 | 295 | 344 | 389 | 394 |
| Days Payable | 65 | 69 | 34 | 36 | 55 | 84 | 31 | 38 | 32 | 56 | 48 | 73 |
| Cash Conversion Cycle | 150 | 299 | 424 | 421 | 498 | 501 | 391 | 352 | 390 | 491 | 614 | 537 |
| Working Capital Days | 97 | 218 | 231 | 154 | 306 | 211 | 182 | 174 | 180 | 269 | 283 | 267 |
| ROCE % | 29% | 20% | 16% | 15% | 3% | 13% | 10% | 11% | 17% | 19% | 19% | 20% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| R&D Expenditure Rs. Cr ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Jul
- Closure of Trading Window 24 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Jun - Astra Microwave to attend Kotak Institutional Equities group meeting on 22 June 2026 in Hyderabad.
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Board Meeting Outcome for Announcement Of Approval Of The Scheme Of Arrangement By The Board Of Astra Microwave Products Limited ('AMPL' / 'Demerged Company') Pursuant The Regulation 30 Of SEBI LODR 2015
10 Jun - Board approved demerger of Space, Meteorology and Hydrology business into ASTPL; 1:1 share entitlement, subject to approvals.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
10 Jun - Board approved demerger of Space, Meteorology and Hydrology business into ASTPL on 10 June 2026.
Annual reports
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Financial Year 2025
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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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Concalls
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Jun 2026Transcript PPT REC
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Jan 2023TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Products & Applications:[1] [2]
The company designs, develops, manufactures, and supplies high-value-added RF and microwave systems, subsystems, and super components for applications across defence, space, telecom, meteorology, and civil communications.
It has supported India’s space programme and has contributed to 35 radars, 25 satellites, and ~15 strategic programmes to date.