Astra Microwave Products Ltd. (IN:ASTRAMICRO)
:ASTRAMICRO
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Astra Microwave Products Ltd.
(ASTRAMICRO)
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Rating:51Neutral
Price Target:
₹1,042.00
▲(4.16% Upside)
Action:ReiteratedDate:11/25/25
Astra Microwave Products Ltd. has strong financial performance with robust revenue growth and profitability improvements. However, significant challenges in cash flow management and bearish technical indicators weigh heavily on the stock. Additionally, the stock appears overvalued with a high P/E ratio and low dividend yield, making it less attractive for value-focused investors.
Positive Factors
Revenue growth & margin expansion
Astra's revenue growth to 10.69bn with rising gross, EBIT and net margins indicates durable demand and improving operational efficiency. Strong margins suggest pricing power and scalable production, supporting sustainable profitability across multi-year defense and space program lifecycles.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow despite revenue growth indicates weak cash conversion and working capital strain. This can force external financing, hinder timely supplier payments or ramping production for contracts, and limit strategic investments during program ramps.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & margin expansion
Astra's revenue growth to 10.69bn with rising gross, EBIT and net margins indicates durable demand and improving operational efficiency. Strong margins suggest pricing power and scalable production, supporting sustainable profitability across multi-year defense and space program lifecycles.
Read all positive factors
Astra Microwave Products Ltd. (ASTRAMICRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹95.56B
Dividend Yield0.24%
Average Volume (3M)50.19K
Price to Earnings (P/E)49.8
Beta (1Y)0.93
Revenue Growth11.44%
EPS Growth23.56%
CountryIN
Employees1,469
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)4.90
Shares Outstanding94,945,010
10 Day Avg. Volume42,130
30 Day Avg. Volume50,189
Financial Highlights & Ratios
PEG Ratio1.65
Price to Book (P/B)5.94
Price to Sales (P/S)6.20
P/FCF Ratio-40.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,112.67Price Target Upside11.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)22.89
Revenue Forecast (FY)₹14.01B
Astra Microwave Products Ltd. Business Overview & Revenue Model
Company Description
Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, and telecommunication applications in India. It offers radar electronics, includ...
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 g...
Astra Microwave Products Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.81B | 10.51B | 9.09B | 8.16B | 7.52B | 6.46B |
| Gross Profit | 4.96B | 4.56B | 3.45B | 2.82B | 2.09B | 1.88B |
| EBITDA | 2.86B | 2.66B | 1.90B | 1.47B | 934.25M | 924.05M |
| Net Income | 1.61B | 1.54B | 1.21B | 698.29M | 378.71M | 288.52M |
Balance Sheet | ||||||
| Total Assets | 17.66B | 18.51B | 14.74B | 10.57B | 9.69B | 9.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 981.69M | 1.26B | 1.06B | 760.17M | 682.40M |
| Total Debt | 2.78B | 4.24B | 2.38B | 1.85B | 704.03M | 1.22B |
| Total Liabilities | 6.04B | 7.53B | 5.08B | 4.14B | 3.83B | 3.87B |
| Stockholders Equity | 11.63B | 10.98B | 9.66B | 6.43B | 5.86B | 5.59B |
Cash Flow | ||||||
| Free Cash Flow | 2.24B | -1.62B | -2.25B | -593.61M | 867.36M | -300.70M |
| Operating Cash Flow | 2.38B | -901.47M | -1.82B | -254.71M | 1.15B | -263.82M |
| Investing Cash Flow | -168.43M | -763.22M | -435.75M | -281.94M | -259.74M | -7.65M |
| Financing Cash Flow | -1.44B | 1.41B | 2.32B | 747.81M | -787.36M | 337.93M |
Astra Microwave Products Ltd. Technical Analysis
Positive
1000.40
Price Trends
942.13
Positive
947.60
Positive
994.41
Positive
Market Momentum
-5.97
Negative
58.35
Neutral
92.91
Negative
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 1000.4 is above the 20-day moving average (MA) of 951.48, above the 50-day MA of 942.13, and above the 200-day MA of 994.41, indicating a bullish trend. The MACD of -5.97 indicates Negative momentum. The RSI at 58.35 is Neutral, neither overbought nor oversold. The STOCH value of 92.91 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹162.69B | 34.37 | ― | 0.20% | 1.30% | 111.88% | |
62 Neutral | ₹103.63B | 25.31 | ― | 1.42% | -2.00% | -25.81% | |
62 Neutral | ₹78.31B | -10.28 | ― | 0.55% | -17.23% | -185.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹74.30B | 98.55 | ― | 0.09% | 39.76% | 55.23% | |
56 Neutral | ₹115.09B | 25.29 | ― | 0.15% | -19.16% | -92.64% | |
51 Neutral | ₹95.56B | 49.76 | ― | 0.24% | 11.44% | 23.56% |
* Technology Sector Average
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Astra Microwave Products Ltd. Corporate Events
Astra Microwave Plans Demerger of Space and Weather Business Into Separate Listed Entity
Feb 27, 2026
Astra Microwave Products has received in-principle board approval to explore the demerger of its space, meteorology and hydrology operations into a separate listed company, Astra Space Technologies Private Ltd., while the existing entity will focu...
Astra Microwave Secures Rs.171.38 Crore Order from Indian Meteorological Department
Dec 11, 2025
Astra Microwave Products Ltd. has secured a significant order from the Indian Meteorological Department for the supply of six Klystron-based S-band Polarimetric Doppler Weather Radars and associated systems, valued at Rs.171.38 crores. This order,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.