Astra Microwave Products Limited
NSE: ASTRAMICRO · Capital Goods
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Instant answers about Astra Microwave Products Limited — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 467 | 641 | 750 | 816 | 909 | 1,051 | 1,163 |
| EBITDA | 82 | 77 | 89 | 148 | 192 | 269 | 334 |
| Operating margin | 17.7% | 12.0% | 11.9% | 18.1% | 21.1% | 25.6% | 28.7% |
| Interest | 8 | 23 | 21 | 31 | 31 | 57 | 56 |
| Depreciation | 26 | 24 | 22 | 24 | 25 | 35 | 44 |
| Profit before tax | 60 | 41 | 52 | 99 | 147 | 194 | 253 |
| Tax | 15 | 10 | 12 | 26 | 38 | 50 | 68 |
| Net profit | 43 | 29 | 38 | 70 | 121 | 154 | 193 |
| EPS ₹ | 5.09 | 3.33 | 4.37 | 8.06 | 12.86 | 16.17 | 20.32 |
| Operating cash flow | — | — | 110 | -25 | -182 | -90 | 387 |
| Capex | — | — | 28 | 34 | 47 | -79 | -83 |
| Dividend paid | — | — | 10 | 12 | 15 | -19 | -21 |
| Total assets | — | — | — | 1,057 | 1,474 | 1,851 | 1,988 |
| Equity | — | — | — | 643 | 966 | 1,098 | 1,315 |
Quarterly performance
last 29 quarters · ₹ crore| JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 110 | 151 | 175 | 99 | 110 | 181 | 251 | 129 | 180 | 202 | 239 | 162 | 175 | 220 | 258 | 134 | 190 | 231 | 354 | 155 | 230 | 259 | 408 | 200 | 215 | 260 | 488 | 177 |
| Operating profit | -5 | 34 | 39 | 15 | 4 | 2 | 23 | 48 | 26 | 12 | 26 | 26 | 23 | 39 | 51 | 34 | 3 | 42 | 66 | 81 | 24 | 49 | 76 | 120 | 41 | 48 | 83 | 162 | 33 |
| Operating margin | -14.5% | 30.3% | 25.8% | 8.4% | 4.3% | 1.4% | 12.7% | 19.2% | 19.8% | 6.7% | 12.8% | 10.7% | 14.3% | 22.5% | 23.1% | 13.3% | 2.3% | 21.9% | 28.6% | 22.8% | 15.5% | 21.4% | 29.5% | 29.3% | 20.5% | 22.3% | 31.7% | 33.3% | 18.7% |
| Other income | 1 | 3 | 2 | 7 | 3 | 0 | 1 | 6 | 1 | 3 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 3 | 4 | 3 | 2 | 2 | 2 | 11 | 3 | 6 | 3 | 7 | 2 |
| Interest | 2 | 2 | 2 | 3 | 3 | 3 | 5 | 12 | 6 | 5 | 6 | 5 | 6 | 7 | 8 | 10 | 7 | 6 | 8 | 9 | 10 | 13 | 15 | 19 | 15 | 13 | 13 | 14 | 11 |
| Depreciation | 6 | 6 | 7 | 7 | 6 | 6 | 6 | 6 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 8 | 6 | 10 | 11 | 9 | 10 | 11 | 13 | 12 |
| Profit before tax | -12 | 28 | 32 | 12 | -2 | -7 | 13 | 36 | 16 | 4 | 16 | 17 | 13 | 29 | 38 | 19 | -8 | 33 | 55 | 68 | 7 | 33 | 54 | 100 | 20 | 30 | 61 | 142 | 13 |
| Tax | -3 | 7 | 10 | 2 | -1 | -0 | 2 | 8 | 3 | 0 | 4 | 5 | 4 | 8 | 10 | 4 | -1 | 8 | 14 | 17 | 2 | 8 | 14 | 26 | 5 | 8 | 19 | 35 | 3 |
| Net profit | -9 | 20 | 23 | 9 | -2 | -7 | 10 | 27 | 12 | 3 | 11 | 11 | 8 | 21 | 28 | 14 | -7 | 30 | 43 | 54 | 7 | 25 | 47 | 73 | 16 | 24 | 47 | 106 | 12 |
| EPS ₹ | -1.02 | 2.31 | 2.61 | 1.19 | -0.18 | -0.80 | 1.19 | 3.12 | 1.41 | 0.39 | 1.32 | 1.26 | 0.94 | 2.37 | 3.20 | 1.56 | -0.73 | 3.16 | 4.57 | 5.73 | 0.76 | 2.67 | 5.00 | 7.74 | 1.71 | 2.52 | 4.93 | 11.16 | 1.30 |
| Revenue YoY | — | — | — | — | 212.9% | -0.6% | 20.0% | 44.0% | 30.1% | 64.0% | 11.9% | -4.8% | 25.8% | -2.9% | 8.9% | 7.9% | -17.5% | 8.8% | 4.9% | 37.0% | 16.0% | 20.8% | 11.9% | 15.2% | 28.7% | -6.5% | 0.7% | 19.7% | -11.5% |
| Profit YoY | — | — | — | — | — | -134.5% | -54.5% | 194.1% | — | — | 11.0% | -59.7% | -33.4% | 507.1% | 142.4% | 24.0% | -186.9% | 46.3% | 56.7% | 302.4% | — | -15.4% | 9.3% | 35.1% | 126.0% | -4.7% | -1.3% | 44.2% | -24.1% |
Earlier results (standalone, Sep '07 – Mar '19)
₹ crore · from BSE, before the NSE XBRL filings beginAstra Microwave Products Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | FY19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117 | 107 | 161 | 204 | 227 | 531 | 634 | 420 | 425 | 361 | 286 |
| Operating profit | 30 | 24 | 42 | 58 | 60 | 84 | 106 | 95 | 99 | 110 | 30 |
| Operating margin | 25.6% | 22.7% | 26.0% | 28.5% | 26.3% | 15.8% | 16.8% | 22.7% | 23.4% | 30.5% | 10.4% |
| Other income | 1 | 2 | 2 | 1 | 7 | 8 | 6 | 8 | 4 | 8 | 24 |
| Interest | 3 | 4 | 7 | 5 | 4 | 7 | 9 | 9 | 10 | 12 | 9 |
| Depreciation | 8 | 11 | 12 | 12 | 13 | 15 | 22 | 24 | 24 | 27 | 29 |
| Profit before tax | 20 | 11 | 24 | 41 | 49 | 70 | 81 | 71 | 69 | 79 | 17 |
| Tax | 5 | 3 | 6 | 8 | 13 | 19 | 21 | 15 | 12 | 18 | 4 |
| Net profit | 14 | 8 | 19 | 33 | 36 | 51 | 61 | 56 | 57 | 61 | 13 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | SEP '18† | DEC '18† | MAR '19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 26 | 69 | 17 | 28 | 20 | 52 | 16 | 14 | 28 | 49 | 22 | 37 | 57 | 45 | 27 | 39 | 49 | 89 | 18 | 39 | 50 | 121 | 37 | 115 | 183 | 195 | 188 | 190 | 148 | 108 | 99 | 106 | 90 | 124 | 57 | 91 | 121 | 156 | 50 | 55 | 86 | 169 | 54 | 44 | 75 | 113 |
| Operating profit | — | 9 | 23 | 5 | 6 | 5 | 14 | 4 | -4 | 8 | 15 | 3 | 10 | 18 | 11 | 8 | 13 | 20 | 18 | -2 | 9 | 13 | 40 | 5 | 16 | 16 | 46 | 31 | 39 | 23 | 13 | 13 | 31 | 23 | 29 | 3 | 29 | 25 | 43 | 9 | 23 | 35 | 44 | 6 | -6 | 9 | 20 |
| Operating margin | — | 34.1% | 33.5% | 27.8% | 22.8% | 23.9% | 27.1% | 27.2% | -24.6% | 29.1% | 31.3% | 13.3% | 28.1% | 31.4% | 23.6% | 27.7% | 33.0% | 40.4% | 20.2% | -10.2% | 22.5% | 26.4% | 32.9% | 13.5% | 14.2% | 9.0% | 23.5% | 16.4% | 20.6% | 15.7% | 12.1% | 13.5% | 28.7% | 25.4% | 23.1% | 4.8% | 32.0% | 20.7% | 27.2% | 17.0% | 41.0% | 40.6% | 26.0% | 11.8% | -12.6% | 12.2% | 17.6% |
| Other income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | 1 | 1 | 2 | 3 | 3 | -1 | 2 | 2 | 1 | 0 | 1 | 1 | 5 | 2 | 1 | 1 | 0 | 1 | 4 | 0 | 1 | 3 | 13 | 6 | 3 | 3 |
| Interest | — | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 1 | 3 |
| Depreciation | — | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 5 | 6 | 6 | 7 | 5 | 6 | 6 | 7 | 6 | 6 | 7 | 8 | 7 | 7 | 7 | 7 |
| Profit before tax | 2 | 6 | 20 | 2 | 4 | 2 | 11 | 2 | -7 | 4 | 12 | -1 | 6 | 14 | 6 | 4 | 9 | 15 | 13 | -3 | 6 | 10 | 36 | 3 | 15 | 13 | 38 | 27 | 34 | 16 | 5 | 6 | 23 | 19 | 22 | -3 | 22 | 16 | 34 | 4 | 13 | 25 | 37 | 10 | -9 | 3 | 12 |
| Tax | 0 | 2 | 7 | 1 | 1 | 1 | 2 | 0 | -1 | 1 | 3 | -0 | 1 | 3 | 2 | 1 | -0 | 4 | 3 | -0 | 1 | 3 | 9 | 1 | 3 | 2 | 12 | 8 | 11 | 3 | -1 | 1 | 5 | 5 | 3 | -1 | 6 | 3 | 3 | -1 | 3 | 9 | 7 | 2 | -4 | 1 | 4 |
| Net profit | 2 | 4 | 13 | 2 | 3 | 2 | 8 | 1 | -6 | 4 | 9 | -0 | 5 | 11 | 4 | 3 | 9 | 11 | 10 | -3 | 6 | 6 | 27 | 2 | 12 | 11 | 26 | 19 | 23 | 13 | 6 | 5 | 18 | 14 | 19 | -2 | 16 | 13 | 30 | 4 | 10 | 16 | 30 | 8 | -5 | 2 | 7 |
| EPS ₹ | 0.39 | 0.83 | 2.36 | 0.31 | 0.52 | 0.29 | 1.57 | 0.25 | -1.13 | 0.68 | 1.63 | -0.08 | 0.89 | 1.29 | 0.45 | 0.42 | 1.09 | 1.32 | 1.23 | -0.38 | 0.73 | 0.76 | 3.30 | 0.26 | 1.42 | 1.33 | 3.20 | 2.33 | 2.86 | 1.55 | 0.67 | 0.60 | 2.21 | 1.73 | 2.23 | -0.28 | 1.84 | 1.48 | 3.49 | 0.48 | 1.19 | 1.90 | 3.43 | 0.92 | -0.54 | 0.21 | 0.85 |
| Revenue YoY | — | — | — | — | 104.8% | -25.2% | -24.5% | -4.9% | -49.8% | 41.5% | -6.3% | 39.5% | 157.1% | 103.1% | -6.5% | 21.9% | 5.2% | -14.0% | 96.5% | -33.9% | 0.0% | 2.0% | 35.8% | 107.8% | 199.3% | 267.5% | 61.2% | 404.7% | 64.9% | -19.3% | -44.5% | -47.1% | -44.1% | -39.5% | 14.8% | -42.9% | -14.6% | 35.2% | 25.7% | -11.2% | -39.2% | -28.8% | 8.2% | 6.3% | -19.4% | -13.2% | -33.1% |
| Profit YoY | — | — | — | — | 34.3% | -65.2% | -33.2% | -16.4% | -317.0% | 134.6% | 4.0% | -131.9% | — | 188.0% | -58.3% | — | 84.1% | 2.6% | 174.7% | -190.6% | -33.1% | -42.7% | 167.6% | — | 94.6% | 75.6% | -2.8% | 780.6% | 101.7% | 16.8% | -78.9% | -74.4% | -22.6% | 12.0% | 246.2% | -149.6% | -11.8% | -10.3% | 58.3% | — | -35.4% | 29.2% | -1.8% | 91.1% | -145.0% | -88.8% | -75.3% |
Returns & margins
trailing-twelve-month, per quarter| MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | 8.4% | 11.1% | 10.9% | 8.5% | 7.4% | 9.2% | 12.5% | 14.0% | 13.3% | 13.7% | 14.0% | 14.8% | 13.9% | 13.8% | 14.7% | 14.4% |
| ROCE | — | — | — | — | — | — | — | — | — | — | 12.7% | 16.1% | 15.6% | 13.3% | 12.1% | 13.9% | 14.8% | 16.3% | 15.8% | 16.2% | 16.5% | 17.6% | 18.5% | 18.8% | 19.3% | 18.6% |
| Net margin | 9.2% | 9.4% | 4.4% | 2.0% | 4.5% | 6.4% | 7.1% | 7.1% | 5.0% | 4.3% | 6.5% | 8.4% | 8.6% | 6.9% | 8.0% | 9.8% | 13.3% | 14.5% | 13.4% | 13.5% | 14.6% | 14.8% | 14.9% | 14.9% | 16.6% | 16.6% |
| EBITDA margin | 17.7% | 17.1% | 11.1% | 7.7% | 12.0% | 14.7% | 14.7% | 14.7% | 11.9% | 11.1% | 14.6% | 17.5% | 18.1% | 16.2% | 16.2% | 17.8% | 21.1% | 22.8% | 22.7% | 23.1% | 25.6% | 26.1% | 26.3% | 26.9% | 28.7% | 28.6% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | 0.26 | 0.26 | 0.29 | 0.29 | 0.08 | 0.08 | 0.25 | 0.25 | 0.31 | 0.31 | 0.39 | 0.39 | 0.24 | 0.24 | 0.22 | 0.22 |
| Interest coverage | 8.15 | 8.22 | 4.39 | 2.21 | 2.79 | 3.30 | 3.46 | 3.50 | 3.49 | 3.34 | 4.23 | 4.78 | 4.24 | 3.42 | 3.60 | 4.14 | 5.69 | 5.74 | 5.00 | 4.41 | 4.40 | 4.37 | 4.28 | 4.51 | 5.55 | 5.76 |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | 0.76 | 0.78 | 0.77 | 0.74 | 0.68 | 0.69 | 0.62 | 0.63 | 0.60 | 0.62 | 0.57 | 0.59 | 0.61 | 0.61 | 0.58 | 0.57 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|
| Share capital | 17 | 17 | 19 | 19 | 19 | 19 | 19 | 19 |
| Other equity / reserves | 586 | 625 | 850 | 947 | 962 | 1,079 | 1,144 | 1,296 |
| Total equity | 603 | 643 | 869 | 966 | 981 | 1,098 | 1,163 | 1,315 |
| Borrowings | 154 | 185 | 68 | 238 | 306 | 424 | 278 | 288 |
| Current liabilities | 412 | 337 | 256 | 434 | 516 | 644 | 467 | 518 |
| Non-current liabilities | 8 | 78 | 60 | 74 | 111 | 108 | 137 | 155 |
| Total assets | 1,023 | 1,057 | 1,185 | 1,474 | 1,607 | 1,851 | 1,766 | 1,988 |
| Property, plant & equipment | 156 | 166 | 162 | 167 | 184 | 223 | 221 | 261 |
| Capital work-in-progress | 0 | 2 | 3 | 13 | 21 | 3 | 1 | 9 |
| Investments | 12 | 11 | 17 | 24 | 25 | 32 | 45 | 50 |
| Inventories | 438 | 419 | 460 | 515 | 640 | 616 | 618 | 616 |
| Receivables | 268 | 284 | 284 | 505 | 546 | 786 | 610 | 694 |
| Cash & equivalents | 16 | 56 | 107 | 66 | 11 | 25 | 101 | 175 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 110 | -25 | -182 | -90 | 387 |
| Cash from investing | -28 | -28 | -44 | 76 | 81 |
| Cash from financing | -72 | 75 | 232 | -52 | -362 |
| Capex | 28 | 34 | 47 | -79 | -83 |
| Free cash flow | 82 | -59 | -229 | -11 | 469 |
| Dividends paid | 10 | 12 | 15 | -19 | -21 |
Where the assets sit
Mar '26 · ₹ crorePeer comparison
largest in Capital Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | 3,33,052 | 4,980.00 | 35.7 | 8.12 | 22.7% |
| Bharat Electronics Ltd. | 2,89,468 | 396.00 | 45.2 | 11.02 | 24.4% |
| Tata Motors Ltd. | 1,56,797 | 425.50 | 24.8 | 10.26 | 41.3% |
| Bharat Heavy Electricals Ltd. | 1,45,828 | 418.80 | 50.7 | 5.45 | 10.8% |
| ABB India Ltd. | 1,43,541 | 6,774.00 | 55.7 | 15.37 | 27.6% |
| Siemens Ltd. | 1,26,736 | 3,560.00 | 28.2 | 8.02 | 28.4% |
| Hitachi Energy India Ltd. | 1,23,988 | 27,800.00 | 107.8 | 23.95 | 22.2% |
| CG Power and Industrial Solutions Ltd. | 1,21,786 | 773.00 | 89.1 | 13.94 | 15.6% |
| Polycab India Ltd. | 1,18,610 | 7,871.00 | 37.6 | 9.06 | 24.1% |
| Cummins India Ltd. | 1,12,233 | 4,048.80 | 49.8 | 13.52 | 27.1% |
| Astra Microwave Products Limited | 14,791 | 1,557.80 | 78.1 | 11.25 | 14.4% |
StoxGud checklist: Neutral setup · 6/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
FAQs
What is the share price of Astra Microwave Products Limited?
Astra Microwave Products Limited (ASTRAMICRO) closed at ₹1,557.80 on NSE on 06 Nov 2026.
What is the market cap of Astra Microwave Products Limited?
₹14,791 crore at the latest close.
What is the P/E ratio of Astra Microwave Products Limited?
78.1, on trailing-twelve-month earnings from its filings.
How fast is Astra Microwave Products Limited growing?
Astra Microwave Products Limited: revenue has compounded at 12.6% a year over three years; net profit at 40.3% a year. Latest-quarter revenue is down 11.5% year on year, profit down 24.1%.
How profitable is Astra Microwave Products Limited?
On a trailing-twelve-month basis return on equity is 14.4%, return on capital employed 18.6%, operating margin 28.6%, net margin 16.6%.
How much debt does Astra Microwave Products Limited have?
Astra Microwave Products Limited is lightly geared: debt to equity is 0.22 with borrowings of ₹288 cr against cash of ₹175 cr (balance sheet of 2026-03-31). Operating profit covers interest 5.8 times.
Financials parsed from Astra Microwave Products Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.