Astra Microwave Products Ltd

Astra Microwave Products Ltd

₹ 1,420 3.03%
05 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 13,477 Cr.
  • Current Price 1,420
  • High / Low 1,464 / 836
  • Stock P/E 69.8
  • Book Value 138
  • Dividend Yield 0.15 %
  • 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 10.2 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
258 134 190 231 354 155 230 259 408 200 215 260 488
226 131 148 165 273 131 180 182 289 159 167 178 327
Operating Profit 33 3 42 66 81 24 49 76 118 41 48 83 161
OPM % 13% 2% 22% 29% 23% 15% 21% 29% 29% 20% 22% 32% 33%
1 2 9 6 6 4 3 10 11 4 8 8 7
Interest 10 7 6 8 9 10 13 15 19 15 13 13 14
Depreciation 6 6 6 7 6 8 6 10 11 9 10 11 13
Profit before tax 18 -8 38 57 71 9 34 62 99 21 32 66 141
Tax % 25% -18% 22% 25% 24% 23% 25% 23% 26% 23% 26% 29% 25%
14 -7 30 43 54 7 25 47 73 16 24 47 106
EPS in Rs 1.56 -0.71 3.16 4.57 5.73 0.76 2.67 5.00 7.74 1.71 2.52 4.93 11.16
Raw PDF

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: 28%
5 Years: 54%
3 Years: 57%
1 Year: 25%
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 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
% ・Standalone data

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

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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