ASTRAMICRO · NSE
Astra Microwave Products Limited
₹1,631.2
+1.46% (+₹23.4)
Prev. close
₹1,607.8
Volume
1,99,551
Delivery %
52.6%
As of
18 Sept 2026
Price history
HSBC Analysis · HSBC · 16 Sept 2026
“Initiated 'hold' on Astra Microwave Products with a target price of ₹1,800, indicating a 13% upside. The defence sector is expanding its industrial base with increased domestic production and procurement, forecasting strong growth in orders due to rising government spending and booming exports over the next decade. However, rich valuations create elevated earnings growth expectations, leaving little room for execution missteps.”
Published mid-session at 14:38 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts are split
2 analyst stances · last 90 days · one per analyst
Trackable
2 · 1 bull / 1 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Initiated 'hold' on Astra Microwave Products with a target price of ₹1,800, indicating a 13% upside. The defence sector …” | HSBC AnalysisHSBC | Astra Microwave Products | PENDING | ||||
“Initiated 'hold' on Astra Microwave Products with a target price of ₹1,800, indicating a 13% upside. The defence sector is expanding its industrial base with increased domestic production and procurement, forecasting strong growth in orders due to rising government spending and booming exports over the next decade. However, rich valuations create elevated earnings growth expectations, leaving little room for execution missteps.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Bullish on Astra Microwave with a Buy rating and a target price of Rs 2,055, forecasting a 20% upside from its current m…” | Dalal Street Investment Journal AnalysisDalal Street Investment Journal | Astra Microwave Products Ltd | PENDING | ||||
Fundamentals
About Astra Microwave Products Limited
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, 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.
Details
Sector
Technology
Industry
Communication Equipment
CEO
Mr. Maram Venkateshwar Reddy MBA
Headquarters
Hyderabad
Employees
1,684
Website
astramwp.comExchange
View on NSE ↗Key stats
Market cap
₹15,487.43 Cr
P/E ratio (TTM)
82.5
Dividend yield
0.15%
EPS (TTM)
₹19.78
Beta (1Y · daily vs NIFTY 50)
0.87
Beta (5Y · monthly vs NIFTY 50)
1.99
Shares float
7.48 Cr
EPS · quarter ended Jun 2026
₹1.29
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.2% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹640.91 Cr | ₹750.46 Cr | ₹815.52 Cr | ₹908.82 Cr | ₹1,051.18 Cr | ₹1,162.80 Cr | |
| EBITDA | ₹88.05 Cr | ₹95.59 Cr | ₹142.67 Cr | ₹206.29 Cr | ₹285.54 Cr | ₹349.70 Cr |
| ₹28.85 Cr | ₹37.87 Cr | ₹69.83 Cr | ₹121.07 Cr | ₹153.51 Cr | ₹192.97 Cr | |
| Diluted EPS | ₹3.33 | ₹4.37 | ₹8.06 | ₹12.86 | ₹16.17 | ₹20.27 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹945.00 Cr | ₹969.00 Cr | ₹1,057.00 Cr | ₹1,474.00 Cr | ₹1,851.00 Cr | ₹1,988.00 Cr | |
| ₹121.55 Cr | ₹70.40 Cr | ₹186.30 Cr | ₹237.64 Cr | ₹423.50 Cr | ₹287.67 Cr | |
| Stockholders' equity | ₹558.00 Cr | ₹585.00 Cr | ₹642.00 Cr | ₹966.00 Cr | ₹1,098.00 Cr | ₹1,315.00 Cr |
CWIP, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹-21.29 Cr | ₹110.26 Cr | ₹-25.38 Cr | ₹-181.52 Cr | ₹-90.15 Cr | ₹386.73 Cr | |
| Investing cash flow | ₹-5.86 Cr | ₹-27.90 Cr | ₹-28.29 Cr | ₹-43.57 Cr | ₹76.32 Cr | ₹-84.89 Cr |
| ₹35.58 Cr | ₹-72.40 Cr | ₹74.78 Cr | ₹232.39 Cr | ₹141.30 Cr | ₹-196.00 Cr | |
| Capital expenditure | ₹-3.69 Cr | ₹-27.94 Cr | ₹-33.89 Cr | ₹-47.46 Cr | ₹-78.69 Cr | ₹-82.82 Cr |
| End cash position | ₹17.52 Cr | ₹27.48 Cr | ₹37.95 Cr | ₹45.25 Cr | ₹20.08 Cr | ₹125.92 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Mar 22(3Q) | Jun 22 | Sep 22 | Dec 22 | Mar 23 | May 23–Jun 26(14Q) |
|---|---|---|---|---|---|---|
| Promoter | 8.71% | 8.46% | 8.28% | 8.27% | 7.17% | 6.54% |
| Public | 91.29% | 91.54% | 91.72% | 91.73% | 92.83% | 93.46% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Technology
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | ₹7.92 L Cr | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Astra Microwave Products Limited | ₹15,265.26 Cr | ₹1,631.2 | 81.2 | 11.61 | 14.7% | 0.22 | +10.6% | +50.3% |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Show all 24
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
12 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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