Astra Microwave Products Ltd logo

Astra Microwave Products Ltd

ASTRAMICRO NSE

Key Fundamentals

SmallcapEngineeringAerospace & Defense
Market Cap
₹16,663 Cr
Volatility
Moderate
P/E Ratio
88.77
EBITDA
₹334 Cr
Return on Equity
13.97%
Debt to Equity
0.22
Book Value
₹138.46
EPS
₹14.22
52W High
₹1,960
52W Low
₹851

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has delivered good profit growth of 46.2% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 12.3 times its book value
  • Promoter holding is low: 6.54%
  • Company has high debtors of 216 days.

Growth Rate

Revenue Growth
8.81% ↗
Net Income Growth
24.72% ↗
Cash Flow Change
50.34% ↗
ROE
11.49% ↗
ROCE
18.14% ↗
EBITDA Margin (Avg.)
4.70% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Astra Microwave Products, a defense electronics company with a market cap of ~₹15,949 Cr, trades at a PE of 83.5x and PB of 12x. The company has delivered strong 5-year profit CAGR of 46% but recent TTM sales growth has slowed to 4%, while promoter holding remains notably low at 6.54%.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 46% CAGR demonstrates strong earnings scalability in the defense electronics segment
  • ROE has improved from 11% (10-year average) to 16% last year, indicating improving capital efficiency and profitability
  • Company has reduced debt, strengthening its balance sheet and lowering financial risk
  • 10-year compounded sales growth of 11% reflects consistent long-term revenue expansion in a sector with strong government tailwinds
  • Stock CAGR of 63% over 1 year and 68% over 3 years indicates sustained market confidence and re-rating in the defense theme
  • 3-year ROE of 15% is healthy for a capital-intensive defense electronics business, suggesting disciplined execution
  • 5-year stock CAGR of 59% and 10-year CAGR of 30% show long-term wealth compounding for shareholders
Bear Case 7
  • PE ratio of 83.5x is extremely elevated, pricing in significant future growth and leaving little margin for execution misses
  • Promoter holding at just 6.54% is unusually low, raising governance concerns and signaling limited promoter skin-in-the-game
  • TTM sales growth has decelerated sharply to 4% versus the 3-year CAGR of 13%, suggesting potential order execution slowdown
  • Price-to-book ratio of 12x is steep, meaning the stock trades at a substantial premium to its net asset value
  • High debtor days of 216 indicate significant working capital locked in receivables, typical of government-dependent businesses but a cash flow risk
  • Dividend yield of just 0.14% offers negligible income return to shareholders at current price levels
  • Gap between TTM profit growth (16%) and 5-year profit CAGR (46%) suggests the high-growth phase may be normalizing

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 1
  • Rs 2205 Cr HAL Uttam Radar order Jul 30

    Secured confirmed work order from HAL for 122 AAAUs and 121 Interface Frames for Uttam Radar worth Rs 2205.23 crore (184% of average quarterly revenue), with a 5-year execution timeline.

Neutral 2
  • Analyst meet scheduled Aug 18 Aug 12

    Group meeting with investors and analysts scheduled for August 18, 2026 at Hyderabad facility, covering publicly available information only.

  • Q1FY27 earnings call and recording Aug 5

    Hosted Q1FY27 earnings call on August 11 at 10:00 AM IST to discuss operational and financial performance; audio recording subsequently made available on website.

TL;DR: Astra Microwave is in a strong position after securing a landmark Rs 2205 crore Uttam Radar order from HAL, representing 184% of average quarterly revenue and providing revenue visibility over 5 years. No identifiable headwinds emerged in the period. The company is maintaining active investor engagement with scheduled analyst meets and earnings calls. The trend is clearly improving with this large defense order reinforcing the robust order book trajectory.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
134
190
231
354
155
230
259
408
200
215
260
488
177
Expenses
131
148
165
273
131
180
182
289
159
167
178
327
144
Operating Profit
3
42
66
81
24
49
76
118
41
48
83
161
33
OPM %
2.2%
22%
29%
23%
15%
21%
29%
29%
20%
22%
32%
33%
19%
Other Income
2
9
6
6
4
3
10
11
4
8
8
7
5
Interest
7
6
8
9
10
13
15
19
15
13
13
14
11
Depreciation
6
6
7
6
8
6
10
11
9
10
11
13
12
PBT
-8
38
57
71
9
34
62
99
21
32
66
141
16
Tax %
-18%
22%
25%
24%
23%
25%
23%
26%
23%
26%
29%
25%
21%
Net Profit
-7
30
43
54
7
25
47
73
16
24
47
106
12
EPS in Rs
-0.71
3.16
4.57
5.73
0.76
2.67
5
7.74
1.71
2.52
4.93
11.16
1.3
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
622
406
390
362
293
467
641
750
816
909
1,051
1,163
1,140
Expenses
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%
Other Income
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
PBT
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%
—
Net Profit
63
56
58
61
10
44
29
38
70
121
154
193
189
EPS in Rs
7.67
6.5
6.65
7.05
1.13
5.08
3.33
4.37
8.06
12.75
16.17
20.32
19.91
Div. Payout %
16%
18%
15%
17%
22%
24%
36%
32%
20%
16%
14%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
92
70
138
95
17
60
122
70
186
238
424
288
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-5
59
14
179
1
-7
-25
115
-25
-182
-90
387
Investing
-28
-18
-123
-94
85
-30
-1
-26
-28
-44
-76
-85
Financing
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Others 38.95%
Public 27.68%
DIIs 16.09%
FIIs 10.74%
Promoters 6.54%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
8.98%
8.87%
8.71%
8.71%
8.71%
8.46%
8.28%
8.27%
7.17%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
6.54%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.73%
2.94%
3.17%
4.66%
5.69%
5.19%
5.30%
6.46%
6.47%
6.27%
7.56%
10.74%
DIIs
4.57%
3.30%
1.68%
0.55%
0.29%
0.17%
0.07%
0.07%
0.07%
8.81%
15.25%
14.79%
13.60%
13.57%
14.99%
15.36%
15.31%
14.37%
14.55%
14.76%
15.42%
16.09%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
35.71%
36.54%
36.76%
36.23%
36.90%
35.98%
37.05%
37.31%
38.72%
32.67%
32.06%
31.88%
31.90%
31.05%
29.80%
29.60%
29.02%
29.47%
30.52%
30.55%
29.70%
27.68%
Others
50.74%
51.30%
52.86%
54.51%
54.10%
55.39%
54.60%
54.35%
54.04%
51.98%
44.41%
43.86%
44.80%
44.18%
42.99%
43.31%
43.84%
43.16%
41.93%
41.89%
40.78%
38.95%
No. of Shareholders
0
37,226
40,009
39,804
38,589
40,193
39,150
44,069
49,528
46,506
56,282
71,368
73,483
93,505
99,071
95,790
94,367
1,07,384
1,17,199
1,17,439
1,16,138
1,17,894

Documents

Frequently Asked Questions about Astra Microwave Products Ltd

What does Astra Microwave Products Ltd do?
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.
Where is Astra Microwave Products Ltd (ASTRAMICRO) listed?
Astra Microwave Products Ltd is listed on the Indian stock exchanges. It is listed on NSE: ASTRAMICRO and BSE: 532493. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Astra Microwave Products Ltd belong to?
Astra Microwave Products Ltd operates in the Aerospace & Defense sector within the Engineering industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Astra Microwave Products Ltd?
Astra Microwave Products Ltd has a market capitalisation of approximately ₹16662.85 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Astra Microwave Products Ltd?
The Price-to-Earnings (PE) ratio of Astra Microwave Products Ltd is 88.77. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Astra Microwave Products Ltd?
Over the past 52 weeks, Astra Microwave Products Ltd has traded between a low of ₹851 and a high of ₹1,960. This range helps investors understand the stock's price volatility and recent trading levels.
Does Astra Microwave Products Ltd pay dividends?
Yes, Astra Microwave Products Ltd has a dividend yield of 0.14%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Astra Microwave Products Ltd?
Astra Microwave Products Ltd has a Return on Equity (ROE) of 13.97%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Astra Microwave Products Ltd on Tapetide?
On Tapetide, you can view Astra Microwave Products Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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.

Website astramwp.com
CEO Mr. Maram Venkateshwar Reddy MBA
Employees 1,491
Listed 2004-11-01
Face Value ₹ 2
Issued Size 9,49,45,008

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