Astra Microwave Ltd
NSE: ASTRAMICRO · Aerospace & Defense · sector
₹1,498.30NSE close 2026-10-26
Key numbers
Market cap₹14,226 cr
Price₹1,498.30
52w high / low₹1,960 / ₹851
P/E75.3xSector median 75.3x
P/B10.8xSector median 8.2x
Book value₹138.5
Dividend yield0.15%Sector median 0.15%
ROE15.7%Sector median 12.6%
ROCE18.6%Sector median 13.7%
OPM28.6%Sector median 20.9%
Debt / equity0.22xSector median 0.11x
EV/EBITDA43.8xSector median 59.6x
Interest cover5.8x
Current ratio3.13x
Sales growth 3y+12.6%Sector median +15.9%
Profit growth 3y+40.3%Sector median +32.2%
PEG2.08x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹253 cr vs borrowings ₹288 cr (FY26): borrowings are higher by ₹35 cr.
- Operating profit covered interest 5.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY23).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Debtor days went from 203 (FY24) to 216 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,498.30 on 2026-10-26: -23.6% from the 52-week high, +76.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,809.40 · low ₹606.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 259 | 408 | 200 | 215 | 260 | 488 | 177 |
| EBITDA | 49 | 76 | 120 | 41 | 48 | 83 | 162 | 33 |
| OPM % | 21.4% | 29.5% | 29.3% | 20.5% | 22.3% | 31.7% | 33.3% | 18.7% |
| Other income | 2 | 2 | 11 | 3 | 6 | 3 | 7 | 2 |
| Net profit | 25 | 47 | 73 | 16 | 24 | 47 | 106 | 12 |
| EPS (₹) | 2.67 | 5.00 | 7.74 | 1.71 | 2.52 | 4.93 | 11.16 | 1.30 |
| Revenue YoY | -6.5% | +0.7% | +19.7% | -11.5% | ||||
| Profit YoY | -4.7% | -1.3% | +44.2% | -24.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 750 | 816 | 909 | 1,051 | 1,163 | 1,140 |
| EBITDA | 89 | 148 | 192 | 269 | 334 | 326 |
| Net profit | 38 | 70 | 121 | 154 | 193 | 189 |
| EPS (₹) | 4.37 | 8.06 | 12.86 | 16.17 | 20.32 | 19.91 |
| Revenue growth | +8.7% | +11.4% | +15.7% | +10.6% | +4.0% | |
| Profit growth | +84.4% | +73.4% | +26.8% | +25.7% | +16.5% | |
| Dividend / share (₹) | 1.20 | 1.40 | 1.60 | 2.00 | 2.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.6% | +12.7% | +4.0% |
| Net profit | +40.3% | +46.2% | +16.5% |
| EPS | +36.1% | +43.6% | – |
| Share price | – | +42.9% (2y) | +40.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 643 | 966 | 1,098 | 1,315 |
| Borrowings | – | 185 | 238 | 424 | 288 |
| Cash & equivalents | – | 111 | 131 | 98 | 253 |
| Total assets | – | 1,057 | 1,474 | 1,851 | 1,988 |
| Fixed assets | – | 166 | 167 | 223 | 261 |
| Capital work in progress | – | 2 | 13 | 3 | 9 |
| Investments | – | 11 | 2 | 0 | 1 |
| Receivables | – | 284 | 505 | 786 | 688 |
| Inventory | – | 419 | 515 | 616 | 616 |
| Payables | – | 46 | 84 | 77 | 114 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | 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 | -169 | 304 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.9% | 12.5% | 14.0% | 14.7% |
| ROCE % | – | 15.6% | 14.8% | 16.5% | 19.3% |
| Debtor days | – | 127 | 203 | 273 | 216 |
| Inventory days | – | 295 | 344 | 389 | 394 |
| Payable days | – | 32 | 56 | 48 | 73 |
| Cash conversion cycle (days) | – | 390 | 491 | 614 | 537 |
| Working capital days | – | 230 | 322 | 317 | 346 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 6.54% |
| FIIs | 10.48% |
| DIIs | 16.52% |
| of which Mutual funds | 15.58% |
| Public (non-institutions) | 66.47% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 6.54% | 6.54% | 6.54% | 6.54% | 6.54% | 6.54% | 6.54% | 6.54% |
| Promoter group | % |
|---|---|
| Prakash Anand Chitrakar | 3.41% |
| Renuka Chitrakar | 3.12% |
| Public holders above 1% | % |
|---|---|
| Ratnabali Investment Private Limited | 6.30% |
| HDFC Mutual Fund - HDFC Defence Fund | 4.76% |
| Emerald Company Private Limited | 4.61% |
| Atim Kabra | 3.12% |
| Adventz Finance Private Limited | 2.90% |
| Kotak Large & Midcap Fund | 2.42% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 2.32% |
| Texmaco Infrastructure & Holdings Limited | 2.27% |
| Mount Intra Finance Private Limited | 1.97% |
| Genesis Advertising Private Limited | 1.79% |
| Strategic Ventures Limited | 1.76% |
| Motilal Oswal Nifty India Defence Index Fund | 1.20% |
| Baron Emerging Markets Fund | 1.18% |
| Schroder Asian Total Return Investment Company PLC | 1.08% |
1,27,063 shareholders. Pledged: 0.00% of promoter shares.
Peers in Aerospace & Defense
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HAL | ₹3,19,342 cr | 34.3x | 7.8x | 24.5% | 30.2% | 29.6% | +7.1% | 1.05% |
| BEL | ₹2,65,346 cr | 43.2x | 11.1x | 28.0% | 34.1% | 28.6% | +15.9% | 0.79% |
| BDL | ₹37,719 cr | 72.4x | 8.9x | 12.6% | 16.8% | 12.7% | -0.6% | 0.51% |
| GRSE | ₹21,411 cr | 26.7x | 8.2x | 34.0% | 41.2% | 11.1% | +39.8% | 0.95% |
| DATAPATTNS | ₹21,133 cr | 78.8x | 12.2x | 16.5% | 21.4% | 39.3% | +26.8% | 0.21% |
| AEQUS | ₹16,257 cr | – | 10.9x | -7.6% | 1.1% | 7.6% | – | – |
| APOLLO | ₹15,269 cr | 118.8x | 11.6x | 12.7% | 11.6% | 22.6% | +44.9% | 0.06% |
| ASTRAMICRO | ₹14,226 cr | 75.3x | 10.8x | 15.7% | 18.6% | 28.6% | +12.6% | 0.15% |
| ZENTEC | ₹13,947 cr | 77.1x | 7.4x | 10.3% | 14.6% | 32.6% | +46.5% | 0.13% |
| PARAS | ₹10,105 cr | 107.0x | 13.9x | 13.8% | 17.5% | 26.1% | +28.9% | 0.04% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2.40 Per Share |
| 2025-09-10 | Dividend | Dividend - Rs 2.20 Per Share |
| 2024-08-23 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2023-08-23 | Dividend | Annual General Meeting/Dividend - Rs 1.60 Per Sh |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 1.40 Per Share |
| 2021-08-17 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2020-09-01 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2019-08-06 | Dividend | Dividend - Rs 0.25 Per Share |
| 2018-07-19 | Dividend | Dividend- Rs 1.20 Per Share |
| 2017-07-19 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2016-07-20 | Dividend | Annual General Meeting/ Dividend - Rs 1.20/- Per Share |
| 2015-07-21 | Dividend | Annual General Meeting/Dividend - Rs 1.20/- Per Share |
| 2014-07-22 | Dividend | Annual General Meeting / Dividend - Rs 1.10/- Per Share |
| 2013-09-19 | Dividend | Annual General Meeting / Dividend - Re 0.80/- Per Share |
| 2012-07-19 | Dividend | Annual General Meeting And Dividend Re.0.70 Per Share |
| 2011-07-19 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-12-30 | Bonus | Bonus 1:2 |
| 2010-09-21 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2009-07-22 | Other | Agm/Div-Re0.50 Per Share |
| 2008-09-18 | Other | Agm/Div-Rs.0.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Design, Development, and Manufacturing of RF & Microwave Systems, Sub System and Components: Radar, Radar apparatus and radio remote control apparatus
- Manufacture of navigational, meteorological, geophysical and related instruments and apparatus oceanographic or hydrological instruments; seismometers, rangefinders, automatic pilots, sextants, ultrasonic sounding instruments and special instruments for air navigation: Navigational, meteorological, geophysical and related instruments and apparatus
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Sub-industry | Aerospace & Defense |
| Symbol | ASTRAMICRO |
| BSE code | 532493 |
| ISIN | INE386C01029 |
| Face value | ₹2.0 |
| Incorporated | 1991-09-13 |
| Website | http://www.astramwp.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.