MarketFriction

Astra Microwave Products Ltd

NSE ASTRAMICRO · BSE 532493 · Aerospace & Defense
₹1,624.50 -0.75%
NSE close2026-10-01
52 week range851.00 - 1,960.00
Market cap₹15,691 Cr.
P/E83.0
Microcap 250Nifty India Defence Price band 20% Delivery 51.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales190231354155230259408200215260488177
Expenses148165273131180182289159167178327144
Operating Profit42668124497611841488316133
OPM %22%29%23%15%21%29%29%20%22%32%33%19%
Other Income96643101148875
Interest689101315191513131411
Depreciation676861011910111312
Profit before tax385771934629921326614116
Tax %22%25%24%23%25%23%26%23%26%29%25%21%
Net Profit304354725477316244710612
EPS in Rs3.164.575.730.762.675.007.741.712.524.9311.161.30
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4063903622934676417508169091,0511,1631,140
Expenses305286249263380564663670717782829815
Operating Profit10110311431887787145192269334325
OPM %25%27%31%10%19%12%12%18%21%26%29%29%
Other Income9682512116524272629
Interest141515131526213132575652
Depreciation242427292624222425354446
Profit before tax7170801359395096159204261255
Tax %21%17%23%27%26%25%25%27%24%25%26%
Net Profit5658611044293870121154193189
EPS in Rs6.506.657.051.135.083.334.378.0612.7516.1720.3219.91
Dividend Payout %18%15%17%22%24%36%32%20%16%14%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%13%13%4%
Compounded Profit Growth13%46%40%16%
Stock Price CAGR31%52%57%68%
Return on Equity11%13%15%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161717171717171717191919
Reserves2753824334844825235415686259471,0791,296
Borrowings927013895176012270186238424288
Other Liabilities11182618099296265313228270329386
Total Liabilities4955516496766158959459691,0571,4741,8511,988
Fixed Assets142137150194178161153160167170229267
CWIP013712120021339
Investments00571263526301411243250
Other Assets3544134053554006967627958771,2671,5871,662
Total Assets4955516496766158959459691,0571,4741,8511,988
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-559141791-7-25115-25-182-90387
Cash from Investing Activity-28-18-123-9485-30-1-26-28-44-76-85
Cash from Financing Activity112146-65-983734-7975232141-196
Net Cash Flow-2262-6320-12-1810217-25106
Free Cash Flow-3937-58145-12-25-2887-59-229-169304
CFO/OP-4%58%30%170%42%12%-22%155%0%-75%-18%138%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days66159206192239195152100127203273216
Inventory Days149208252266314390270290295344389394
Days Payable656934365584313832564873
Cash Conversion Cycle150299424421498501391352390491614537
Working Capital Days97218231154306211182174180269283267
ROCE %29%20%16%15%3%13%10%11%17%19%19%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters6.54%6.54%6.54%6.54%6.54%6.54%6.54%6.54%6.54%6.54%6.54%6.54%
FIIs1.73%2.94%3.17%4.67%5.69%5.19%5.30%6.47%6.47%6.26%7.56%10.74%
DIIs15.26%14.79%13.59%13.57%14.98%15.36%15.30%14.36%14.55%14.75%15.42%16.09%
Public76.47%75.74%76.70%75.22%72.79%72.90%72.86%72.62%72.44%72.44%70.49%66.64%
No. of Shareholders56,28271,36873,48393,50599,07195,79094,3671,07,3841,17,1991,17,4391,16,1381,17,894

Fundamentals

Market Cap₹ 15,691 Cr.
Current Price₹ 1,653
Stock P/E83.0
Book Value₹ 138
ROCE20.3 %
ROE16.0 %
Dividend Yield0.15 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)16%
Consolidated figures.
Valuation
Market capRs 15,424 Cr
Enterprise valueRs 15,459 Cr
P/E (TTM)81.59x
Price to book11.73x
Price to sales13.53x
EV / EBITDA43.73x
EV / EBIT50.32x
EV / sales13.56x
Price to cash flow39.88x
Earnings yield1.23%
Dividend yield0.15%
P/E, 3-year average43.49x
P/B, 3-year average5.95x
P/E, 5-year average41.96x
P/B, 5-year average4.84x
Profitability
Operating margin (excl. other income)28.74%
Operating margin (incl. other income)31.00%
EBITDA margin31.01%
Pre-tax margin22.41%
Net profit margin16.59%
Net margin, latest quarter6.99%
ROE15.99%
ROCE20.28%
ROA10.05%
ROE, 3-year average15.30%
ROCE, 3-year average19.40%
ROA, 3-year average9.62%
ROE, 5-year average12.78%
ROCE, 5-year average17.21%
ROA, 5-year average7.94%
ROIC (approx.)16.85%
Tax rate25.99%
Other income / net worth2.00%
Growth
Sales growth (latest year)10.62%
Profit growth (latest year)25.71%
Sales CAGR, 3 years12.55%
Sales CAGR, 5 years12.65%
Profit CAGR, 3 years40.33%
Profit CAGR, 5 years46.24%
Sales growth QoQ-63.82%
Profit growth QoQ-88.35%
Sales growth YoY (latest quarter)-11.55%
Profit growth YoY (latest quarter)-24.09%
Per share
EPS (TTM)Rs 19.91
EPS (latest year)Rs 20.32
EPS (latest quarter)Rs 1.30
EPS, 3-year averageRs 16.41
EPS, 5-year averageRs 12.34
Book value per shareRs 138.46
Sales per shareRs 120.04
Cash flow per shareRs 40.73
Free cash flow per shareRs 32.02
Dividend per share (latest year)Rs 2.40
Dividend per share, 3-year averageRs 2.20
Dividend per share, 5-year averageRs 1.92
Dividends
Dividend payout11.81%
Dividend payout, 3-year average13.70%
Dividend payout, 5-year average18.59%
Efficiency
Asset turnover0.58x
Fixed asset turnover4.35x
Inventory turnover0.99x
Inventory days367 days
Debtor days216 days
Debtors turnover1.69x
Creditor days73 days
Cash conversion cycle537 days
Working capital days267 days
Leverage
Total debtRs 288 Cr
Cash and bankRs 253 Cr
Net debtRs 35 Cr
Debt to equity0.22x
Net debt / EBITDA0.10x
Interest coverage5.93x
Current ratio (filing 2026-03-31)3.13x
Quick ratio (filing 2026-03-31)1.94x
Trade payables (filing 2026-03-31)Rs 114 Cr
Owners' fund to total sources66.13%
Debt to assets14.47%
Cash flow
Cash from Operating Activity (latest year)Rs 387 Cr
Cash from Investing Activity (latest year)Rs -85 Cr
Cash from Financing Activity (latest year)Rs -196 Cr
Net Cash Flow (latest year)Rs 106 Cr
Free cash flow (latest year)Rs 304 Cr
FCFE (approx.: FCF + change in debt)Rs 168 Cr
Cash from ops / profit, 5 years0.36x
Sales to cash flow3.01x
Statement figures
Net sales (TTM)Rs 1,140 Cr
Net sales (latest year)Rs 1,163 Cr
Sales (latest quarter)Rs 177 Cr
Operating profit excl. other income (latest year)Rs 334 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 29 Cr
EBITDA (TTM)Rs 353 Cr
PBDT (TTM)Rs 302 Cr
Profit before tax (TTM)Rs 255 Cr
Tax (latest year)Rs 68 Cr
Net profit (TTM)Rs 189 Cr
Net profit (latest year)Rs 193 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 46 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 52 Cr
Cost of goods sold (latest year)Rs 612 Cr
Total expenditure (latest year)Rs 829 Cr
Total income (latest year)Rs 1,189 Cr
Share capitalRs 19 Cr
ReservesRs 1,296 Cr
Shareholders' fundsRs 1,315 Cr
Total assetsRs 1,988 Cr
Net blockRs 267 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 50 Cr
ReceivablesRs 688 Cr
InventoryRs 616 Cr
Other liabilitiesRs 386 Cr
Shares outstanding (crore)9.49
Ownership
Promoter holding6.54% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 81.6 is at the 86th percentile of its own 9.4-year range (median 59.4, low 12.1, high 117.7).
P/B 11.73 is at the 94th percentile (median 3.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodASTRAMICRONifty 50Difference
1 week+1.8%-2.8% +4.6 pts
1 month-3.7%-6.8% +3.1 pts
3 months-12.1%-7.6% -4.5 pts
6 months+89.8%+0.4% +89.4 pts
1 year+48.6%-9.9% +58.5 pts
2 years+78.0%-13.6% +91.5 pts
3 years+279.7%+14.2% +265.5 pts
5 years+688.2%+27.9% +660.3 pts
31 mutual fund schemes hold about ₹2,499 Cr. Over three months 16 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Defence Fund6.55%752 +8%
Kotak Large & Mid Cap Fund1.19%383 +4%
Nippon India Small Cap Fund0.44%367 +2%
Motilal Oswal Nifty India Defence Index Fund3.50%194 +5%
ICICI Pru ELSS-Tax Saver Fund1.02%146 +6%
Kotak Focused Fund2.76%126 -2%
ICICI Pru Multi Cap Fund0.51%100 +0%
ICICI Pru Multi Cap Fund0.51%96 +0%
Kotak Contra Fund1.22%67 -3%
Kotak Large Cap Fund0.58%64 +6%
Aditya Birla SL Nifty India Defence Index Fund3.50%49 +5%
ICICI Pru Active Momentum Fund1.79%39 +50%
Motilal Oswal Nifty Microcap 250 Index Fund1.47%37 +0%
ICICI Pru Quality Fund1.48%32 -26%
Samco Active Momentum Fund1.75%13 +100%
Union Active Momentum Fund2.33%13 +100%
Axis Nifty India Defence Index Fund3.51%12 +6%
ICICI Pru PSU Equity Fund0.24%4 -52%
Samco Small Cap Fund1.34%3 -4%
Samco Special Opportunities Fund2.10%3 +100%
Samco Multi Cap Fund0.40%1 +100%
Groww Nifty Total Market Index Fund0.07%0 +4%
AlphaGrep Flexi Cap Fund0.24%0 +100%
Angel One Nifty Total Market Index Fund0.07%0 +6%
Motilal Oswal BSE 1000 Index Fund0.07%0 +6%

Red flags

F-score 8 of 8
explainWeak cash conversion Cash from operations was 25% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹177 Cr -11.5% vs Jun 2025. Net profit ₹12 Cr -25.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 2.40 Per Share
2025-09-10Dividend - Rs 2.20 Per Share
2024-08-23Annual General Meeting/Dividend - Rs 2 Per Share
2023-08-23Annual General Meeting/Dividend - Rs 1.60 Per Sh
2022-08-11Annual General Meeting/Dividend - Rs 1.40 Per Share
2021-08-17 Annual General Meeting/Dividend - Rs 1.20 Per Share
2020-09-01 Annual General Meeting/Dividend - Rs 1.20 Per Share
2019-08-06 Dividend - Rs 0.25 Per Share
2018-07-19 Dividend- Rs 1.20 Per Share
2017-07-19 Annual General Meeting/Dividend - Re 1 Per Share
2016-07-20 Annual General Meeting/ Dividend - Rs 1.20/- Per Share
2015-07-21Annual General Meeting/Dividend - Rs 1.20/- Per Share
2014-07-22Annual General Meeting / Dividend - Rs 1.10/- Per Share
2013-09-19Annual General Meeting / Dividend - Re 0.80/- Per Share
2012-07-19Annual General Meeting And Dividend Re.0.70 Per Share
2011-07-19Annual General Meeting And Dividend Re.0.50 Per Share
2010-12-30Bonus 1:20.6667
2010-09-21Annual General Meeting And Dividend Re.0.50 Per Share
2009-07-22Agm/Div-Re0.50 Per Share
2008-09-18Agm/Div-Rs.0.25 Per Share
2007-07-26Agm/Div-Re.1/- Per Sh
2006-07-17Agm/Dividend-50%
DateTypeWhat it says
2026-09-22Concall / analyst meetSchedule of meet
2026-09-18Shareholder meetingVoting results.
2026-09-18Shareholder meetingProceedings of Annual General Meeting held on September 18, 2026
2026-08-31Credit RatingCredit Rating
2026-08-22General UpdatesLetter to shareholders in relation to Notice and Annual Report of the Company for FY 2025-26
2026-08-22Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026
2026-08-19General UpdatesGeneral Updates
2026-08-17Concall / analyst meetTranscript
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11Concall / analyst meetLink of Recording
2026-08-10Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026.
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Press Release on the Un-Audited Financial Results of the Company for the first quarter ended 30th June,...
2026-08-10Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-10Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-10ResignationResignation of Director/KMP/SMP
2026-08-10Investor PresentationInvestor Presentation
2026-08-10ResignationResignation of Director/KMP/SMP
2026-08-10Change in ManagementChange in Management
2026-08-10Board meeting outcomeOutcome of Board Meeting held on August 10, 2026.
2026-08-10Board meeting outcomeAstra Microwave Products Limited has submitted to the Exchange, the Un-Audited financial results for the period ended Jun 30, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-07-30Order winBagging/Receiving of orders/contracts
2026-06-16Concall / analyst meetSchedule of meet
2026-06-10Board meeting outcomeAnnouncement of approval of the Scheme of Arrangement by the Board of Directors of Astra Microwave Products Limited ( AMPL / Demerged Company ) purs...
2026-06-10DemergerAnnouncement of approval of the Scheme of Arrangement by the Board of Directors of Astra Microwave Products Limited ( AMPL / Demerged Company ) purs...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Astra Microwave Products Ltd?

Astra Microwave Products Ltd (ASTRAMICRO) has a market capitalisation of Rs 15,691 Cr. at the 2026-10-01 close.

What is the P/E ratio of Astra Microwave Products Ltd?

Astra Microwave Products Ltd trades at a P/E of 83.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Astra Microwave Products Ltd's latest quarterly results?

In the Jun 2026 quarter, Astra Microwave Products Ltd sales was Rs 177 Cr (-11.5% vs Jun 2025) and net profit was Rs 12 Cr.

What is the 52-week high and low of Astra Microwave Products Ltd?

The 52-week high is Rs 1,960.00 and the 52-week low is Rs 851.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03