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 ₹ 15,691 Cr.
- Current Price ₹ 1,653
- High / Low ₹ 1,960 / 836
- Stock P/E 83.0
- Book Value ₹ 138
- Dividend Yield 0.15 %
- ROCE 20.3 %
- 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 11.9 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 622 | 406 | 390 | 362 | 293 | 467 | 641 | 750 | 816 | 909 | 1,051 | 1,163 | 1,140 | |
| 507 | 305 | 286 | 249 | 263 | 380 | 564 | 663 | 670 | 717 | 782 | 829 | 815 | |
| Operating Profit | 116 | 101 | 103 | 114 | 31 | 88 | 77 | 87 | 145 | 192 | 269 | 334 | 325 |
| OPM % | 19% | 25% | 27% | 31% | 10% | 19% | 12% | 12% | 18% | 21% | 26% | 29% | 29% |
| 6 | 9 | 6 | 8 | 25 | 12 | 11 | 6 | 5 | 24 | 27 | 26 | 29 | |
| Interest | 15 | 14 | 15 | 15 | 13 | 15 | 26 | 21 | 31 | 32 | 57 | 56 | 52 |
| Depreciation | 22 | 24 | 24 | 27 | 29 | 26 | 24 | 22 | 24 | 25 | 35 | 44 | 46 |
| Profit before tax | 85 | 71 | 70 | 80 | 13 | 59 | 39 | 50 | 96 | 159 | 204 | 261 | 255 |
| 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 | 189 | |
| 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 | 19.91 |
| 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: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 46% |
| 3 Years: | 40% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 52% |
| 3 Years: | 57% |
| 1 Year: | 68% |
| 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 / 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expenditure Rs. Cr ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY26 results.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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35Th AGM - Scrutinizer''s Report
- 35th AGM voting results released; all 9 resolutions, including dividend and MD re-designation, passed.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL upgraded long-term and corporate ratings to A+/Stable, reaffirmed A1 short-term rating on August 31, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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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.