Astra Microwave Products Ltd.

Astra Microwave Products Ltd.

1,542.70
INR
-12.00
(-0.77%)
19.83EPS
88.47P/E
167.26BMarket Cap
Nov 17Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
64.91
77.43
50.32
44.77
41.59
33.88
53.94
73.81
86.43
93.96
96.51
110.71
122.47
120.05
Basic EPS, GAAP
6.21
7.67
6.76
6.65
7.05
1.13
5.08
3.33
4.37
8.06
12.86
16.17
20.32
19.91
Free Cash Flow per Basic Share
-8.19
-4.75
4.46
-6.69
16.73
-1.7
-3.08
-3.27
10.01
-6.85
-24.31
-17.78
32.03
- -
Dividend per Share
0.8
1.1
1.18
1.2
1
1.2
0.25
1.2
1.2
1.41
1.63
2.01
2.2
- -
Book Value per Share
29.48
35.66
46.77
51.95
57.85
57.68
62.36
64.51
67.61
74.2
101.76
115.7
138.46
- -
Tangible Book Value per Share
29.48
35.66
46.77
51.95
57.85
57.68
62.36
64.47
67.49
74.11
101.46
115.06
137.83
- -
Basic Weighted Avg Shares
82
82
83
87
87
87
87
87
87
87
94
95
95
95
Sales/Revenue/Turnover
5,312
6,336
4,188
3,878
3,602
2,934
4,672
6,392
7,485
8,138
9,088
10,512
11,628
11,397
Operating Margin (%)
13.25
16.1
19.56
20.69
24.31
5
13.71
10.94
9.6
15.51
18.38
22.3
24.98
24.53
Depreciation Expense
148
220
240
245
274
289
258
235
220
237
250
350
437
463
Net Income, GAAP
508
628
563
576
611
98
440
289
379
698
1,211
1,535
1,930
1,890
Effective Tax Rate (%)
26.98
25.91
20.82
17.42
23.39
26.92
25.53
25.15
24.58
27.22
23.86
24.65
26
25.99
Profit Margin (%)
9.57
9.91
13.43
14.85
16.96
3.33
9.43
4.51
5.06
8.58
13.32
14.6
16.6
16.59
Working Capital
1,431
1,949
3,032
3,064
3,078
2,938
3,369
3,769
4,358
5,140
8,007
9,129
11,022
- -
LT Debt
262
326
553
673
143
48
- -
- -
34
33
155
394
637
- -
Total Equity
2,412
2,918
4,050
4,499
5,010
4,996
5,402
5,587
5,856
6,426
9,662
10,985
13,146
- -
Return on Invested Capital (%)
19.12
22.21
15.11
12.53
11.29
2.26
8.64
8.25
8.23
12.39
12.66
13.36
13.82
- -
Return on Capital (%)
20.82
20.72
14.8
12.59
11.9
2.97
9.02
6.4
7.24
11.67
13.58
13.85
14.5
- -
Return on Common Equity (%)
23
23.55
16.15
13.47
12.85
1.95
8.47
5.25
6.62
11.37
15.05
14.87
15.99
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,240
- -
LT Borrowings
- -
632
- -
LT Finance Leases
- -
4
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
95
95
95
Market Capitalization
93,165
81,244
167,255

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
16,205
- -
Cash, Cash Equivalents & STI
- -
2,529
- -
Accounts Receivable, Net
- -
6,876
- -
Inventories
- -
6,163
- -
Total Current Liabilities
- -
5,183
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,240
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.2%
19.65%
19.67%
Free Cash Flow
-122.52%
-119.16%
-280.14%
Net Income, GAAP
48.26%
48.31%
25.71%
Sales/Revenue/Turnover
12.68%
12.76%
10.62%
Total Cash Common Dividend
38.71%
15.42%
9.78%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,552
2,296
2,585
4,079
10,512
2026
1,997
2,146
2,602
4,882
11,628
2027
1,767
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.76
2.67
5
7.74
16.17
2026
1.71
2.52
4.93
11.16
20.32
2027
1.3
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.01
2026
- -
- -
- -
- -
2.2
2027
- -
- -
- -
- -
- -

Company Description

CEO
Maram Venkateshwar Reddy
Full Time Employees
1,880
Sector
Electronic technology
Industry
Telecommunications equipment
Address
ASTRA Towers Hyderabad TS India 500038
IPO Date
Dec 12, 1994
Business
Astra Microwave Products Limited designs, develops, manufactures, and sells radio frequency (RF) and microwave subsystems, components, and systems for defense, space, meteorology, telecommunications, homeland security, systems integration, antenna technology, GNSS, and unmanned ground vehicles; core offerings include radar electronics such as active antenna array units, transmit/receive modules, solid-state power amplifiers, receivers, exciters, digital receivers, waveform generators, and MMICs; electronic warfare systems comprising wideband subsystems, antennas, EDLVA super components, EW simulators, DIFM receivers, and front-end receivers; strategic electronics and telemetry like command guidance units, radio proximity fuses, phased array telemetry tracking systems, data/video telemetry transmitters and receivers, PCM encoders, and high-altitude proximity sensors; ground-based systems including multi-object tracking radar subsystems, coherent frequency generators, modulators, V/UHF T/R modules, and Ka-band units; as well as space-qualified systems for SAR payloads and geostationary satellites, filters, transmitters, antennas, and complete turnkey solutions for radars, electronic warfare, and satellite communication. Founded in 1991 and headquartered in Hyderabad, Telangana, India, with production units, R&D facilities including a space-qualified clean room, and an NFTR in Bengaluru, the company operates primarily in India serving domestic defense and space programs through DRDO partnerships while pursuing global opportunities. Recent developments include a joint venture with Rafael Comsys securing a Rs 255.88 crore order from the Ministry of Defence in December 2024; a preferential issue of 20.13 lakh convertible warrants approved in May 2025 to raise Rs 174 crore from promoters and investors like Renuka Chitrakar and Gopikishan Damani for R&D, expansion, and long-term projects; a strong order book of Rs 2,304 crore as of March 2025 with Rs 1,098 crore inflows in FY25, targeting Rs 1,400 crore intake in FY26; strategic shift toward complete systems delivery in QRSAM, Uttam radars, Su-30 EW upgrades, and space technology; and ambitious revenue goals of Rs 1,400-1,500 crore by FY27 and Rs 2,250-2,500 crore by FY30.