Astra Microwave Products Ltd. (ASTRAMICRO) AI Stock Analysis

• Market Cap: ₹97.26B
• Dividend Yield: 0.2%
• Average Volume (3M): 16.70K
• Price to Earnings (P/E): 59.8
• Beta (1Y): 1.24
• Revenue Growth: 17.79%
• EPS Growth: 20.42%
• Country: IN
• Employees: 1,469
• Sector: Technology
• Sector Strength: 87
• Industry: Communication Equipment
• EPS (TTM): 1.70
• Shares Outstanding: 94,945,010
• 10 Day Avg. Volume: 21,873
• 30 Day Avg. Volume: 16,698
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,034.00
• Price Target Upside: 0.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹1,034.00 ▲(0.94% Upside)

Astra Microwave Products Ltd. shows strong financial performance with robust revenue growth and profitability improvements. However, cash flow challenges and high valuation metrics pose significant risks. Technical indicators suggest mixed market sentiment, contributing to a moderate overall stock score.

Astra Microwave Products Ltd. Business Overview & Revenue Model

Company Description

Astra Microwave Products Ltd. (ASTRAMICRO) is an Indian company that operates in the defense and space sectors, specializing in the design, development, and production of radio frequency (RF) and microwave components and systems. The company's core products include RF and microwave supercomponents, subsystems, and systems for applications in telecommunications, defense, aerospace, and meteorology. Astra Microwave Products caters to both domestic and international markets, providing critical technology solutions for a range of applications including radar, electronic warfare, and satellite communication.

How the Company Makes Money

Astra Microwave Products Ltd. generates revenue primarily through the sale of its RF and microwave components and systems to various sectors, including defense, space, and telecommunications. The company earns money by engaging in contracts with government defense organizations, private defense contractors, and commercial enterprises that require advanced RF and microwave technology solutions. Key revenue streams include the manufacturing and supply of customized components and systems for radar and communication applications. Additionally, Astra Microwave Products leverages partnerships with global defense and aerospace companies to expand its market reach and enhance its product offerings, which contributes significantly to its earnings.

Astra Microwave Products Ltd. Financial Statement Overview

Summary

Astra Microwave Products Ltd. demonstrates strong revenue growth and improved profitability, as reflected in its income statement. The balance sheet is robust, with increasing equity and manageable leverage levels. However, cash flow management remains a concern, with negative operating and free cash flows suggesting the need for better cash conversion strategies.

Income Statement

Astra Microwave Products Ltd. has shown impressive growth with total revenue increasing each year, reaching 10.69 billion in 2025. The Gross Profit Margin has improved significantly from 43.18% in 2020 to 45.97% in 2025. The Net Profit Margin also saw an increase from 9.43% in 2020 to 14.36% in 2025. EBIT and EBITDA margins have consistently improved, indicating strong operational efficiency. Overall, the income statement reflects strong revenue growth and improving profitability.

Balance Sheet

The company's balance sheet shows a healthy increase in Stockholders' Equity from 5.40 billion in 2020 to 10.98 billion in 2025, indicating strong shareholder value growth. The Debt-to-Equity Ratio increased from 0.11 in 2020 to 0.39 in 2025, suggesting higher leverage but still at manageable levels. The Equity Ratio has remained stable, showcasing a strong equity position. The Return on Equity improved from 8.15% in 2020 to 13.98% in 2025, highlighting improved profitability for shareholders.

Cash Flow

The cash flow statement reveals challenges in cash generation, as operating cash flow has been negative for several years, reaching -901.47 million in 2025. Free Cash Flow has also been negative, indicating issues with cash flow management despite revenue growth. The Free Cash Flow to Net Income Ratio indicates a need to improve cash conversion efficiency. However, there has been a significant improvement in Free Cash Flow from 2024 to 2025.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	10.51B	10.69B	8.16B	9.09B	7.49B	4.67B
Gross Profit	4.36B	4.91B	2.97B	2.10B	2.20B	2.02B
EBITDA	2.77B	2.87B	1.54B	2.04B	922.88M	836.77M
Net Income	1.54B	1.54B	698.29M	1.21B	378.71M	440.42M
Balance Sheet
Total Assets	18.51B	18.51B	10.57B	14.74B	9.69B	8.95B
Cash, Cash Equivalents and Short-Term Investments	981.69M	981.69M	1.11B	1.26B	760.17M	221.31M
Total Debt	4.24B	4.24B	1.85B	2.38B	704.03M	596.17M
Total Liabilities	7.53B	7.53B	4.14B	5.08B	3.83B	3.55B
Stockholders Equity	10.98B	10.98B	6.43B	9.66B	5.86B	5.40B
Cash Flow
Free Cash Flow	0.00	-1.62B	-593.61M	-2.29B	867.36M	-509.28M
Operating Cash Flow	0.00	-901.47M	-254.71M	-1.82B	1.15B	-315.06M
Investing Cash Flow	0.00	-763.22M	-281.94M	-435.75M	-259.74M	-59.94M
Financing Cash Flow	0.00	1.41B	747.81M	2.32B	-787.36M	367.71M

Astra Microwave Products Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1024.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASTRAMICRO, the sentiment is Positive. The current price of 1024.35 is above the 20-day moving average (MA) of 990.82, above the 50-day MA of 1011.70, and above the 200-day MA of 854.79, indicating a bullish trend. The MACD of 4.88 indicates Negative momentum. The RSI at 55.03 is Neutral, neither overbought nor oversold. The STOCH value of 35.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASTRAMICRO.

Astra Microwave Products Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYRMA	67 Neutral	₹144.93B	66.96		0.20%	-3.83%	103.23%
APOLLO	65 Neutral	₹87.59B	120.69		0.02%	49.19%	51.10%
BSOFT	65 Neutral	₹102.32B	21.57		1.77%	-0.19%	-25.97%
ASTRAMICRO	58 Neutral	₹97.26B	59.82		0.20%	17.79%	20.42%
Sector *	54 Neutral	$297.86M	3.07	-5.40%	2.71%	5.76%	-75.96%
TEJASNET	54 Neutral	₹103.10B	56.03		0.43%	100.45%	6.29%
HFCL	51 Neutral	₹101.38B	299.15		0.28%	-18.38%	-91.01%