Astra Microwave Products Limited ASTRAMICRO NSEAITECH
Company Overview
Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, civil, and telecommunication applications in India. It offers radar electronics, including active antenna array units, transmit receive (T/R) modules, wideband T/R modules, solid state power amplifiers, receivers, exciters, central units, antenna and electronic beam forming units, digital receivers, array group and monopulse receivers, waveform generators, and MMIC; and electronic warfare products comprising wideband and ultra-wideband subsystems, antennas, EDLVA and BLI super components, EW simulators, DIFM receivers, front end receivers, up and down convertors, and homodyne receivers. The company also provides strategic electronics and telemetry, such as command guidance units, radio proximity fuse, transponder, phased array-based telemetry tracking system, sub-systems for gimbal based and AESA seeker, and ground and air-borne data link systems; and data and video telemetry transmitters, receivers, and decoders, as well as PCM encoders, integrated telemetry transponders, auto-track antenna systems, and high-altitude proximity sensors. In addition, it offers ground-based systems consist of sub-systems for multi-object tracking radar, coherent frequency generators, modulators, switchable routers, V/UHF T/R modules, and Ka-band indoor/outdoor units; sub-systems for SAR payloads, geostationary satellites, and remote sensing satellites, as well as fabrication of flight sub-systems and screening; automatic weather stations, agromet meteorological stations, water level measurement, and automatic rain gauge, as well as avalanche, wind profile, and weather radars; global navigation satellite systems; unmanned ground vehicles; and homeland security products. The company also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India.
Why Investors Should Care
Return on capital employed stands at 21.5%.
Net profit has compounded at 40.3% per year over the last five years.
Revenue has grown at a 12.6% CAGR over the past five years.
Maintains a net profit margin of 16.6%.
Carries low leverage with a debt-to-equity ratio of 0.22.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹1,162.80 Cr (+10.6% YoY); net profit ₹192.97 Cr.
- Trailing 12 Months Year-on-year growth — revenue +10.6%, earnings +25.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 12.6%, profit CAGR 40.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 12.63% |
| 1 Year: | 10.62% |
Compounded Profit Growth
| 5 Years: | 40.33% |
| 1 Year: | 25.71% |
Stock Price Performance
| 1 Year: | +73.72% |
| 6 Months: | +79.61% |
| 3 Months: | +64.90% |
| 1 Month: | +21.55% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Astra Microwave makes AI-enabled radars, RF systems for defence + space (ISRO).
- AI in radar & electronic-warfare systems Astra's T/R modules, digital receivers and EW products increasingly embed AI/DSP for signal classification and threat detection — core to modern AESA radar and EW programmes.
- Indigenous defence-electronics design In-house design of microwave sub-systems positions Astra to add AI-enabled processing as India's defence programmes move to smarter, software-defined systems.
- Space & surveillance applications AI-assisted signal processing for meteorology, space and surveillance broadens the addressable market beyond pure defence hardware.
- Plays the intersection of defence indigenisation and AI-enabled electronics — strong order visibility.
- High operating margins (~31%) and ~40% five-year profit CAGR reflect a value-added, design-led model.
- Beneficiary of India's emphasis on self-reliant, AI-capable defence systems.
- Premium multiple (P/E ~71) needs sustained order inflows and execution.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 21.5%.
- Compounding revenue at 12.6% over 5 years.
- Profit CAGR of 40.3% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 87.4.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ASTRAMICRO Astra Microwave Products Limited NSEAITECH | 1,772.20 | 87.43 | ₹16,826.15 Cr | 0.12% | 21.52% | 14.68% | 12.63% | 40.33% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 258.00 Cr | 134.00 Cr | 190.00 Cr | 231.00 Cr | 354.00 Cr | 155.00 Cr | 230.00 Cr | 259.00 Cr | 407.85 Cr | 199.72 Cr | 214.59 Cr | 260.25 Cr | 488.24 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 219.92 Cr | 106.37 Cr | 105.59 Cr | 116.36 Cr | 242.43 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 187.93 Cr | 93.35 Cr | 109.00 Cr | 143.88 Cr | 245.81 Cr |
| Operating Expenses | 226.00 Cr | 131.00 Cr | 148.00 Cr | 165.00 Cr | 273.00 Cr | 131.00 Cr | 180.00 Cr | 182.00 Cr | 79.46 Cr | 61.74 Cr | 71.23 Cr | 72.71 Cr | 96.34 Cr |
| Operating Income | 27.00 Cr | -3.00 Cr | 36.00 Cr | 59.00 Cr | 75.00 Cr | 16.00 Cr | 43.00 Cr | 66.00 Cr | 108.47 Cr | 31.61 Cr | 37.77 Cr | 71.17 Cr | 149.47 Cr |
| EBITDA | 33.00 Cr | 3.00 Cr | 42.00 Cr | 66.00 Cr | 81.00 Cr | 24.00 Cr | 49.00 Cr | 76.00 Cr | 129.41 Cr | 45.01 Cr | 55.91 Cr | 90.64 Cr | 168.48 Cr |
| Interest Expense | 10.00 Cr | 7.00 Cr | 6.00 Cr | 8.00 Cr | 9.00 Cr | 10.00 Cr | 13.00 Cr | 15.00 Cr | 19.19 Cr | 14.59 Cr | 13.46 Cr | 13.02 Cr | 14.48 Cr |
| Pretax Income | 18.00 Cr | -8.00 Cr | 38.00 Cr | 57.00 Cr | 71.00 Cr | 9.00 Cr | 34.00 Cr | 62.00 Cr | 99.12 Cr | 21.07 Cr | 32.38 Cr | 66.26 Cr | 141.04 Cr |
| Tax Provision | 4.50 Cr | 1.44 Cr | 8.36 Cr | 14.25 Cr | 17.04 Cr | 2.07 Cr | 8.50 Cr | 14.26 Cr | 25.64 Cr | 4.80 Cr | 8.48 Cr | 19.44 Cr | 35.06 Cr |
| Net Income | 14.00 Cr | -7.00 Cr | 30.00 Cr | 43.00 Cr | 54.00 Cr | 7.00 Cr | 25.00 Cr | 47.00 Cr | 73.49 Cr | 16.27 Cr | 23.90 Cr | 46.81 Cr | 105.98 Cr |
| Diluted EPS | 1.56 | -0.71 | 3.16 | 4.57 | 5.73 | 0.76 | 2.67 | 5.00 | 7.74 | 1.71 | 2.51 | 4.92 | 11.14 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 622.00 Cr | 406.00 Cr | 390.00 Cr | 362.00 Cr | 293.00 Cr | 467.00 Cr | 641.00 Cr | - | 813.80 Cr | 908.82 Cr | 1,051.18 Cr | 1,162.80 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 519.90 Cr | 548.82 Cr | 577.36 Cr | 570.76 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 293.90 Cr | 360.00 Cr | 473.82 Cr | 592.04 Cr |
| Operating Expenses | 507.00 Cr | 305.00 Cr | 286.00 Cr | 249.00 Cr | 263.00 Cr | 380.00 Cr | 564.00 Cr | - | 167.72 Cr | 192.98 Cr | 239.85 Cr | 302.02 Cr |
| Operating Income | 94.00 Cr | 77.00 Cr | 79.00 Cr | 87.00 Cr | 2.00 Cr | 62.00 Cr | 53.00 Cr | - | 126.18 Cr | 167.02 Cr | 233.98 Cr | 290.02 Cr |
| EBITDA | 116.00 Cr | 101.00 Cr | 103.00 Cr | 114.00 Cr | 31.00 Cr | 88.00 Cr | 77.00 Cr | - | 142.67 Cr | 206.29 Cr | 295.91 Cr | 360.05 Cr |
| Interest Expense | 15.00 Cr | 14.00 Cr | 15.00 Cr | 15.00 Cr | 13.00 Cr | 15.00 Cr | 26.00 Cr | - | 23.07 Cr | 22.31 Cr | 57.13 Cr | 55.56 Cr |
| Pretax Income | 85.00 Cr | 71.00 Cr | 70.00 Cr | 80.00 Cr | 13.00 Cr | 59.00 Cr | 39.00 Cr | - | 95.95 Cr | 159.01 Cr | 203.74 Cr | 260.76 Cr |
| Tax Provision | 22.10 Cr | 14.91 Cr | 11.90 Cr | 18.40 Cr | 3.51 Cr | 15.34 Cr | 9.75 Cr | - | 26.12 Cr | 37.95 Cr | 50.23 Cr | 67.79 Cr |
| Net Income | 63.00 Cr | 56.00 Cr | 58.00 Cr | 61.00 Cr | 10.00 Cr | 44.00 Cr | 29.00 Cr | - | 69.83 Cr | 121.07 Cr | 153.51 Cr | 192.97 Cr |
| Diluted EPS | 7.67 | 6.50 | 6.65 | 7.05 | 1.13 | 5.08 | 3.33 | - | 8.06 | 12.86 | 16.17 | 20.27 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 495.00 Cr | 551.00 Cr | 649.00 Cr | 676.00 Cr | 615.00 Cr | 895.00 Cr | 945.00 Cr | - | 1,057.01 Cr | 1,474.14 Cr | 1,851.22 Cr | 1,987.96 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 850.59 Cr | 1,234.66 Cr | 1,557.34 Cr | 1,620.51 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 56.07 Cr | 66.06 Cr | 25.02 Cr | 174.76 Cr |
| Inventory | - | - | - | - | - | - | - | - | 419.06 Cr | 514.58 Cr | 615.94 Cr | 616.35 Cr |
| Receivables | - | - | - | - | - | - | - | - | 283.65 Cr | 505.17 Cr | 786.13 Cr | 687.64 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 414.38 Cr | 507.95 Cr | 752.75 Cr | 673.39 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 336.60 Cr | 433.97 Cr | 644.49 Cr | 518.29 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 3.33 Cr | 15.47 Cr | 39.36 Cr | 63.22 Cr |
| Total Debt | 92.00 Cr | 70.00 Cr | 138.00 Cr | 95.00 Cr | 17.00 Cr | 60.00 Cr | 122.00 Cr | - | 186.30 Cr | 237.64 Cr | 423.50 Cr | 287.67 Cr |
| Total Equity | 291.00 Cr | 399.00 Cr | 450.00 Cr | 501.00 Cr | 499.00 Cr | 540.00 Cr | 558.00 Cr | - | 642.62 Cr | 966.19 Cr | 1,098.47 Cr | 1,314.57 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 8.66 Cr | 9.49 Cr | 9.49 Cr | 9.49 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.00 Cr | 59.00 Cr | 14.00 Cr | 179.00 Cr | 1.00 Cr | -7.00 Cr | -25.00 Cr | - | -25.47 Cr | -181.52 Cr | -90.15 Cr | 386.73 Cr |
| Investing Cash Flow | -28.00 Cr | -18.00 Cr | -123.00 Cr | -94.00 Cr | 85.00 Cr | -30.00 Cr | -1.00 Cr | - | -28.19 Cr | -43.57 Cr | -76.32 Cr | -84.89 Cr |
| Financing Cash Flow | 11.00 Cr | 21.00 Cr | 46.00 Cr | -65.00 Cr | -98.00 Cr | 37.00 Cr | 34.00 Cr | - | 74.78 Cr | 232.39 Cr | 141.30 Cr | -196.00 Cr |
| Capital Expenditure | -34.00 Cr | -22.00 Cr | -72.00 Cr | -34.00 Cr | -13.00 Cr | -18.00 Cr | -3.00 Cr | - | -33.89 Cr | -47.46 Cr | -78.67 Cr | -82.64 Cr |
| Free Cash Flow | -39.00 Cr | 37.00 Cr | -58.00 Cr | 145.00 Cr | -12.00 Cr | -25.00 Cr | -28.00 Cr | - | -59.36 Cr | -228.97 Cr | -168.81 Cr | 304.09 Cr |
| Net Change in Cash | -22.00 Cr | 62.00 Cr | -63.00 Cr | 20.00 Cr | -12.00 Cr | -1.00 Cr | 8.00 Cr | - | 21.12 Cr | 7.30 Cr | -25.17 Cr | 105.84 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 36.1% | 39.6% | 45.1% | 50.9% |
| Operating Margin % | 15.1% | 19.0% | 20.3% | 24.0% | 0.7% | 13.3% | 8.3% | - | 15.5% | 18.4% | 22.3% | 24.9% |
| Net Margin % | 10.1% | 13.8% | 14.9% | 16.9% | 3.4% | 9.4% | 4.5% | - | 8.6% | 13.3% | 14.6% | 16.6% |
| ROE % | 21.6% | 14.0% | 12.9% | 12.2% | 2.0% | 8.1% | 5.2% | - | 10.9% | 12.5% | 14.0% | 14.7% |
| ROCE % | - | - | - | - | - | - | - | - | 17.5% | 16.1% | 19.4% | 19.7% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ASTRAMICRO
ASTRAMICRO Forecast — Price Target — Prediction for 2027 - TradingView
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Astra Microwave Products Limited's (NSE:ASTRAMICRO) 5.0% loss last week hit both individual investors who own 46% as well as institutions - simplywall.st
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ASTRAMICRO: Revenue and net profit rose sharply year-over-year, with a strong order book and dividend proposed - TradingView
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Astra Micro announces strategic demerger of space, meteorology and hydrology businesses; Details here - CNBC TV18
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Astra Microwave Products Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year - simplywall.st
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Astra Microwave Products First Quarter 2026 Earnings: EPS: ₹1.71 (vs ₹0.76 in 1Q 2025) - webull.com
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ASTRAMICRO — Frequently Asked Questions
What is the current share price of Astra Microwave Products Limited (ASTRAMICRO)?
As of 2026-07-15 09:52 IST, Astra Microwave Products Limited (ASTRAMICRO) trades at ₹1,772.20 on NSE. Its 52-week range is ₹855.70 to ₹1,850.00.
What is the market capitalisation of ASTRAMICRO?
Astra Microwave Products Limited (ASTRAMICRO) has a market capitalisation of ₹16,826.15 Cr on NSE.
What is the P/E ratio of ASTRAMICRO?
ASTRAMICRO trades at a trailing price-to-earnings (P/E) ratio of 87.43. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 12.42.
Does ASTRAMICRO pay a dividend?
Astra Microwave Products Limited (ASTRAMICRO) currently offers a dividend yield of 0.12%.
What is the return on equity (ROE) of ASTRAMICRO?
ASTRAMICRO has a return on equity (ROE) of 14.68%. Its return on capital employed (ROCE) is 21.52%.
Is ASTRAMICRO a good stock to buy?
This page provides a data-driven analysis of Astra Microwave Products Limited (ASTRAMICRO), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.