Astra Microwave Products Ltd. (IN:ASTRAMICRO)
:ASTRAMICRO
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Astra Microwave Products Ltd.
(ASTRAMICRO)
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Rating:51Neutral
Price Target:
₹1,114.00
▲(11.36% Upside)
Action:Reiterated
Date: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
Sustained revenue & margin expansion
Consistent top-line growth and improving gross and net margins show the business is scaling while gaining operational efficiency. Durable margin expansion supports reinvestment in R&D and production capacity, improving long-term cash generation potential if cash conversion follows.
Negative Factors
Weak operating cash flow
Persistent negative operating and free cash flows limit the firm's ability to self-fund growth, invest in capacity, and service debt. Even with revenue and margin gains, poor cash conversion raises reliance on external financing and constrains resilience across multi-year defense program cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue & margin expansion
Consistent top-line growth and improving gross and net margins show the business is scaling while gaining operational efficiency. Durable margin expansion supports reinvestment in R&D and production capacity, improving long-term cash generation potential if cash conversion follows.
Read all positive factors
Astra Microwave Products Ltd. (ASTRAMICRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹109.75B
Dividend Yield0.24%
Average Volume (3M)50.19K
Price to Earnings (P/E)49.8
Beta (1Y)0.97
Revenue Growth8.54%
EPS Growth19.38%
CountryIN
Employees1,469
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)16.97
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
₹1,068.00Price Target Upside6.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)23.05
Revenue Forecast (FY)₹13.78B
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
ASTRAMICRO makes money mainly by selling RF and microwave hardware and by executing engineering/manufacturing programs for customers in defense, space, and satellite communications. Key revenue streams typically include: (1) Product and subsystem ...
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
1040.64
Positive
994.37
Positive
1003.41
Positive
Market Momentum
26.28
Positive
65.92
Neutral
64.47
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 1000.4 is below the 20-day moving average (MA) of 1122.20, below the 50-day MA of 1040.64, and below the 200-day MA of 1003.41, indicating a bullish trend. The MACD of 26.28 indicates Positive momentum. The RSI at 65.92 is Neutral, neither overbought nor oversold. The STOCH value of 64.47 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹193.45B | 46.54 | ― | 0.20% | 27.28% | 76.63% | |
68 Neutral | ₹89.33B | 17.94 | ― | 1.42% | -1.21% | -0.57% | |
64 Neutral | ₹127.45B | 57.28 | ― | 0.09% | 60.89% | 73.08% | |
64 Neutral | ₹213.21B | 14.02 | ― | 0.15% | 21.77% | 72.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ₹82.90B | -8.11 | ― | 0.55% | -87.10% | -296.61% | |
51 Neutral | ₹109.75B | 49.76 | ― | 0.24% | 8.54% | 19.38% |
* 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...
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.