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NSE:ASTRAMICRO

ASTRA MICROWAVE LTD

Capital Goods › Aerospace & Defense·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹1,573.50
at close · 28 Oct 2026
▲ 3.50 (+0.22%)
ThemesDefence· coreSpace Technology· growing

Latest filings

  1. Quarterly compliance certificate on share dematerialisation for Q2 FY27 · General
  2. Trading window closed from Oct 1 until Q2 results announcement · Compliance
  3. Astra Microwave to meet analysts and investors on Sept 29 in Hyderabad · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs and manufactures microwave and RF components, sub-systems and systems used in radar, electronic warfare, missile guidance and space applications. The bulk of revenue comes from the Indian defence sector — Hindustan Aeronautics Limited (HAL) is the standout customer, having placed a Rs. 2,205.23 crore order in July 2026 for 122 AAAU units and 121 Interface Frames for the Uttam Radar system, to be delivered over 5 years. The standalone order book stood at Rs. 2,141 crore at the end of March 2026 (Rs. 2,610 crore consolidated), with Defence/Public Sector contributing 54% and Exports 33%, and the top 10 FY26 orders worth Rs. 657 crore. Standalone revenue for FY26 was Rs. 1,163 crore (up 10.6% YoY), with Q4 FY26 at Rs. 488 crore. Materials are the largest cost line at Rs. 579 crore (49.8% of revenue), followed by employee costs at Rs. 166 crore (14.3%). The Board has approved a demerger of the Space, Meteorology and Hydrology business into a separate entity to sharpen strategic focus.

Revenue mix · reported segments
Defence / Public Sector54.0%
Exports33.0%
Operating scale
Standalone order book
Rs. 2,141 croreMarch 2026
Consolidated order book
Rs. 2,610 croreMarch 2026
HAL order for Uttam Radar
Rs. 2,205.23 crore for 122 AAAU units and 121 Interface FramesJuly 2026, 5-year delivery
Top 10 FY26 orders
Rs. 657 croreFY26
FY26 standalone revenue growth
10.6% YoYFY26
Q4 FY26 standalone revenue
Rs. 488 croreQ4 FY26
Who pays it
Indian Defence Public Sector Units (notably HAL) and overseas defence/aerospace buyers
Biggest cost
Raw materials and components at Rs. 579 crore (49.8% of revenue)
Kind of business
Defence electronics — order-driven, long execution cycles, capital-intensive
Where it sits
Microwave/RF sub-system supplier to the Indian defence and aerospace sector
Market Cap
₹14,940 Cr
P / E (TTM)
79.0×
EV / EBITDA
43.7×
Div Yield
0.14%
Growth
12.7%▲
Revenue 5y CAGR
PAT +46.2% · EBITDA +32.0%
Quality
18.0%▲
ROCE (5y median)
ROE 12.5% (5y median) · margin 30.3%
Leverage
0.22·
Debt / Equity · low
Net debt ₹113 Cr
Revenue FY21→FY26
1.8×▲
Margin +12.1 pts
₹641 Cr → ₹1,163 Cr
Cash conversion
0.35×▼
Operating cash ÷ profit · 5 yrs
₹200 Cr on ₹575 Cr
Moves on a normal day
1.60%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 25 Aerospace & Defense peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#15/23
P/B#16/23
ROCE#10/26
ROE#8/23
Debt / Equity#17/23
EBITDA margin#13/23
Revenue growth#18/23
Profit growth#16/21

Scorecard

Measured from the filed financials, judged against its Aerospace & Defense peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Profit compounding 46% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 18.0% (5-year median)
#10 of 26 in Aerospace & Defense on the latest reported figures · up from 11.5% in FY21
Concerns
Over 5 years it reported ₹575 Cr of profit and ₹200 Cr of operating cash — 0.35×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 374 days of cash tied up
Customers are taking longer to pay — 152 → 216 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

ASTRAMICRO · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ASTRA MICROWAVE LTD's filed financials and exchange disclosures

What does ASTRA MICROWAVE LTD do?

ASTRA MICROWAVE LTD is a Aerospace & Defense company listed on NSE and BSE, trading under the symbol ASTRAMICRO.

Is ASTRA MICROWAVE LTD profitable?

Yes. Over the trailing twelve months ASTRA MICROWAVE LTD reported a net profit of ₹189 Cr on revenue of ₹1,140 Cr.

Does ASTRA MICROWAVE LTD pay a dividend?

Yes. The dividend yield is 0.14% at the current price. It paid out 11% of its profit as dividend in FY26.

Is ASTRA MICROWAVE LTD debt-free?

No. It reported borrowings of ₹288 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹113 Cr after cash. Debt stands at 0.22× equity. That is higher than 73% of its 23 Aerospace & Defense peers.

Is ASTRA MICROWAVE LTD expensive compared with its peers?

On trailing P/E, ASTRA MICROWAVE LTD ranks 15 of 23 in Aerospace & Defense — cheaper than 36% of them, against an industry median of 69.8×. This is a position, not a valuation judgement.

How much does the ASTRA MICROWAVE LTD share price move in a day?

On a typical session ASTRA MICROWAVE LTD moves 1.60% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ASTRA MICROWAVE LTD's announcements?

Every NSE and BSE filing by ASTRA MICROWAVE LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.