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Astra Microwave Products Limited

Astra Microwave Products Limited

NSE: ASTRAMICRO
Communication EquipmentTechnologyMID CAPMCap ₹15.43k Cr
₹1,625.20₹4.10 (+0.25%)

Live • NSE

Market cap₹15.43k Cr
Enterprise value₹15.55k Cr
P/E TTM81.83
Forward P/E50.00
P/B11.74
EPS TTM₹19.86
Forward EPS₹32.51
D/E0.22
Dividend yield0.00%
52W high₹1,960.00
52W low₹851.00
Price chart(1Y)
1Y Return:+12.56% (+₹181.40)
H: ₹1,960L: ₹1,412.3
1W-3.82%
1M+1.08%
3M-6.98%
6M+43.12%
1Y+50.31%
Today at a glance

Day range

₹1,610.10₹1,634.20

52 week range

₹851.00₹1,960.00
Volume172.5K0.65x 20D avg
Free float50.00%-34.80% volume

Astra Microwave Products Limited closed at INR1625.20 (+0.25%) on volume 0.65x its 20-day average, trading 17.08% below its 52-week high.

Technical analysis
RSI (14)45.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹50.91High
SMA 20₹1,643.12BEARISH
SMA 50₹1,673.58BEARISH
SMA 100₹1,669.24BEARISH
SMA 200₹1,341.28BULLISH
CPR bottom₹1,649.05
Pivot₹1,639.73
CPR top₹1,630.42
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -88.3% QoQ

2026-09-11

DIVIDEND Announced

Dividend - Rs 2.40 Per Share

2025-09-10

DIVIDEND Announced

Dividend - Rs 2.20 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹337.66k Cr₹15.43k Cr2188.30%≤ 33%FAIL
Non-halal income ratio–₹1.16k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹15.43k Cr—≥ 20%PASS
Receivables ratio–₹15.43k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E81.8323.00
Forward P/E50.00—
P/B11.743.90
EV/EBITDA—18.00
PEG—2.20
Earnings yield1.204.30
Growth & profitability
RevenuePAT
FY25PAT margin 14.60%
FY26PAT margin 16.60%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.40%
Revenue CAGR 5Y+2.00%
PAT CAGR 3Y+7.90%
PAT CAGR 5Y+4.70%
Operating margin11.99%
Net margin16.59%
Financial health & cash flow
Net debt₹337.66k CrModerate
Interest coverage—xEBIT / interest
CFO / PAT2.00x3Y average
Net debt / EBITDA—Leverage
Operating cash flow–
Capital expenditure–
Free cash flow–
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.22x

High Cash Flow Conversion: CFO/PAT averaged 2x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 81.8x

Bull case

Market Leadership: Established operational scale in Communication Equipment.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
11 Sept 2026Dividend₹2.40 / share—11 Sept 2026
10 Sept 2025Dividend₹2.20 / share—10 Sept 2025
—Dividend₹2.00 / share—23 Aug 2024
—Dividend₹1.60 / share—23 Aug 2023
—Dividend₹1.40 / share—11 Aug 2022
—Dividend₹1.20 / share—17 Aug 2021
—Dividend₹1.20 / share—01 Sept 2020
—Dividend₹0.25 / share—06 Aug 2019
—Dividend₹1.20 / share—19 Jul 2018
—Dividend₹1.00 / share—19 Jul 2017
—Dividend₹1.20 / share—20 Jul 2016
—Dividend₹1.20 / share—21 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)48.39%+6.70% latest vs average
Highest delivery59.35%on 15 Oct
Average volume (20D)264.5KTrading-session average
Conviction trendStrengthening+6.70% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Astra Microwave Products Limited
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, receivers, 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.

IndiaTechnology

Questions investors ask
Is Astra Microwave Products Limited Shariah compliant?

Astra Microwave Products Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2188.3%) exceeds AAOIFI threshold (≤ 33%).

What is Astra Microwave Products Limited's current valuation relative to peers?

Astra Microwave Products Limited trades at a P/E of 81.8x compared to the sector median of 23x, and a Price-to-Book of 11.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.22x. Interest coverage is comfortable.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2% while net profit growth averaged 4.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.