Astra Microwave Products logo

Astra Microwave Products

ASTRAMICRO NSE

Key Fundamentals

SmallcapEngineeringAerospace & Defense
Market Cap
₹15,907 Cr
Volatility
Moderate
P/E Ratio
84.41
EBITDA
₹352 Cr
Return on Equity
14.68%
Debt to Equity
0.22
Book Value
₹133.91
EPS
₹14.22
52W High
₹1,960
52W Low
₹851

Tapetide Score

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

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 12.1 times its book value
  • Promoter holding is low: 6.54%
  • Company has high debtors of 216 days.

Growth Rate

Revenue Growth
10.54% lower than 3Y
Net Income Growth
25.73% lower than 3Y
Cash Flow Change
529% higher than 3Y
ROE
5.08% lower than 3Y
ROCE
-0.46% lower than 3Y
EBITDA Margin (Avg.)
11.23% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Astra Microwave Products Ltd is a ₹15,907 Cr market cap aerospace & defense company trading at a PE of 85.1x and 12.66x book value. The company has delivered strong 5-year profit CAGR of 46% and improving ROE (from 11% over 10 years to 16% last year), but TTM sales growth has decelerated to 4% and promoter holding stands at a notably low 6.54%.

Bull Case 7
  • Strong 5-year compounded profit growth of 46% CAGR, indicating significant earnings expansion in the defense sector
  • ROE has improved from 11% (10-year average) to 16% in the last year, showing rising capital efficiency
  • Company has actively reduced debt, strengthening its balance sheet for future order execution
  • Stock has delivered 58% CAGR over 5 years and 31% CAGR over 10 years, reflecting sustained long-term wealth creation
  • 3-year compounded profit growth of 40% significantly outpaces 3-year sales growth of 13%, suggesting improving operating leverage and margin expansion
  • Consistent 13% compounded sales growth over both 3-year and 5-year periods demonstrates revenue stability in a lumpy defense order environment
  • Operates in the aerospace & defense sector which benefits from India's rising indigenous defense procurement push and growing defense budget
Bear Case 8
  • PE of 85.1x is extremely elevated, pricing in significant future growth and leaving little margin of safety
  • Promoter holding at just 6.54% is unusually low, raising governance and alignment-of-interest concerns
  • Debtor days at 216 days signals very slow receivable collection, tying up significant working capital
  • Price-to-book ratio of 12.66x is very high, meaning the stock trades at a steep premium to its net asset value
  • TTM sales growth has sharply decelerated to just 4% compared to the 3-year and 5-year CAGR of 13%, suggesting potential order execution slowdown
  • Dividend yield of just 0.14% offers negligible income return to shareholders relative to the valuation premium
  • Stock has surged 67% in 1 year, increasing the risk of mean reversion if earnings growth does not keep pace with the re-rating
  • 10-year compounded profit growth of 13% is far below recent 5-year growth of 46%, indicating that the high-growth phase may be cyclical rather than structural

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 3
  • Strong ESG improvements in FY26 Aug 22

    BRSR report shows 53% drop in total energy consumption and 72% reduction in water withdrawal, signaling meaningful progress on sustainability metrics.

  • ₹2.40 dividend and leadership clarity Aug 22

    AGM on Sep 18 proposes ₹2.40/share dividend and redesignation of Dr. M.V. Reddy as MD, providing earnings confidence and management stability.

  • Subsidiary converts to public company Aug 19

    Astra Space Technologies received ROC approval to convert to a public limited company effective Aug 19, potentially opening doors for independent fundraising or future listing.

Neutral 2
  • ₹200Cr related-party transaction ratification Aug 22

    AGM agenda includes ratifying ₹200 crore in related-party transactions, a routine governance item but worth monitoring for scale relative to company operations.

  • FY26 BRSR filing completed Aug 22

    Annual Business Responsibility and Sustainability Report filed as a regulatory compliance measure for FY26.

TL;DR: A quiet but constructive newsflow for Astra Microwave. The company is demonstrating strong ESG progress, stable leadership continuity, and strategic optionality through its subsidiary's conversion to a public entity. No visible headwinds in recent developments. The forward outlook hinges on order inflow momentum in the defense sector and whether the Astra Space Technologies conversion leads to tangible capital or listing events.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

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

Log in to view Astra Microwave Products insights

64 extracted metrics + investor summaries across FY11–FY26.

Log in — free

Shareholding Pattern

Public27.68%Others38.95%Promot.6.54%FIIs10.74%DIIs16.09%As ofJun 2026

Documents

Frequently Asked Questions about Astra Microwave Products

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 trades as ASTRAMICRO on the NSE and under code 532493 on the BSE.
Which sector does Astra Microwave Products Ltd belong to?
Astra Microwave Products Ltd is classified under the Aerospace & Defense sector, in the Engineering industry.
What is the market capitalisation of Astra Microwave Products Ltd?
Astra Microwave Products Ltd has a market capitalisation of ₹15,907 Cr, which places it in the Mid Cap band.
What is the PE ratio of Astra Microwave Products Ltd?
Astra Microwave Products Ltd trades at a PE ratio of 84.41, on earnings per share of ₹14.22, against a book value of ₹133.91 per share.
What is the 52-week high and low of Astra Microwave Products Ltd?
Over the last 52 weeks Astra Microwave Products Ltd has traded between ₹851 and ₹1,960.
Does Astra Microwave Products Ltd pay dividends?
Astra Microwave Products Ltd has a dividend yield of 0.14%.
What is the Return on Equity (ROE) of Astra Microwave Products Ltd?
Astra Microwave Products Ltd reported a return on equity of 14.68%. Its debt-to-equity ratio is 0.22.

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

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/ASTRAMICRO.md for Astra Microwave Products Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Aerospace & Defense → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List