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Astra Microwave Products Ltd share Price Today

Company details

756.25
775.00
316.20
779.00
6M Return 39.21%
1Y Return 126.31%
Mkt Cap.(Cr) 7,297.95
Volume 197,273
Div Yield 0.19%
OI
-
OI Chg %
-
Volume 197,273

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Defence company Astra Microwave Products announced Q3FY24 & 9MFY24 results:

Financial Highlights for Q3FY24:

  • The Revenue stood at Rs 230 crore for Q3FY24 as against Rs 219 crore for Q3FY23.
  • Gross margins improved to 46.6% for Q3FY24 as against 41.1% in Q3FY23.
  • EBIDTA margins was 29.1% for Q3FY24 as against 24.2% in Q3FY23.
  • Geographical spread of total revenue for the quarter stands as follows: India – 80% and Exports – 20%

Financial Highlights for 9MFY24:

  • Revenue stood at Rs 551.7 crore for 9MFY24 as against Rs 550.9 crore for 9MFY23.
  • EBITDA stood at Rs 113.1 crore for 9MFY24 as against Rs 118.4 crore for 9MFY23. EBITDA margin for 9MFY24 stood at 20.5% vs 21.5% in 9MFY23
  • Profit after Tax of Rs 62.6 crore in 9MFY24 as against Rs 64.3 crore in 9MFY23.

Commenting on the performance S G Reddy, Managing Director, Astra Microwave Products Limited said, “I am delighted to share that during this quarter, we recorded our highest ever quarterly EBITDA and PAT of Rs. 67 Crores and Rs. 42 Crores, respectively. This significant uptick in the profitability is primarily due to the product mix, which was mainly tilted towards executing Domestic Defence orders with higher value addition. The continuous growth of India's Defence sector presents vast opportunities and the same has been reiterated in the recent budget where 13% of the total Union budget, amounting to Rs 6.21 trillion has been allocated to the Ministry of Defence for the fiscal year 2024-25. This was the highest allocation amongst all the ministries showcasing the importance placed by the government on defence sector.

With a strong balance sheet position, deep domain expertise and high focus on R&D we are well positioned in the defence value chain to capture a bigger pie of this growing sector. Our Orderbook as on 31st December 2023 stood at Rs. 1,813 Crore with more than 80% coming from healthy margin domestic business which gives us confidence to sustain such healthy performance in the coming future.”

 

 

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Astra Microwave Products Ltd shares SWOT Analysis

Strengths (17)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (3)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 775.4
R2 788.4
R3 797.8
Pivot

765.95

S1 752.9
S2 743.5
S3 730.5
EMA SMA
705.8
668.6
628.6
559.9
704.0
648.3
629.4
547.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-11-30 576.98 500143 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-10-18 494.21 906472 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-10-18 494.66 906472 NSE
Name Category Shares
PRAKASH ANAND CHITRAKAR PROMOTER 3.41%
RENUKA CHITRAKAR PROMOTER 3.12%

OUR RESEARCH VIEW

Investment recommendation
Riding on strong sectoral tailwinds…
Call Date
05 Feb 2024
Entry Price 610.00
Target Price 740.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
Sales
Operating Profit
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Astra Microwave Products Ltd Stocks COMPARISON

Financials( in Cr) Astra Microwave Products Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Solar Industries India Ltd Bharat Dynamics Ltd
Price 768.65 4,828.00 279.65 9,785.45 2,664.00
% Change 0.83 0.96 2.01 3.58 4.95
Mcap Cr 7,297.95 322,884.57 204,417.97 88,548.54 48,826.06
Revenue TTM Cr 815.52 26,927.46 17,734.44 6,922.53 2,489.39
Net Profit TTM Cr 69.83 5,827.73 2,940.35 811.17 352.17
PE TTM 90.17 41.94 50.29 102.38 97.56
1 Year Return 126.31 211.55 153.19 156.56 148.52
ROCE 15.84 18.83 26.98 36.06 9.32
ROE 11.37 27.18 22.49 35.86 11.28
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 642.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -30,251.22
LAST 3M 104,708.81 -33,860.28
LAST 6M 170,310.47 50,918.71
LAST 12M 264,009.23 128,860.46
Astra Microwave Products to convene board meeting

May 18, 2024 l BSE Announcement

Astra Microwave Products Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 18, 2024 l NSE Announcement

Astra Microwave Products Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 17, 2024 l NSE Announcement

Date Action Type Ratio
Aug 23, 2023 Dividend 80
Aug 11, 2022 Dividend 70

Astra Microwave Products Ltd Information

Stock PE (TTM)
90.17
Promoter Holding
6.54%
Book Value
91.5776
ROCE
15.84%
ROE
11.37%
Description
  • Astra Microwave Products Ltd is engaged in designing and manufacturing of high value added RF and microwave super components and sub-systems finding applications in Defence, Space and Civil communication systems. The company has been able to carve a niche for themselves and build strong relationship with their customers by getting associated with them right at the conception stage of new product development. The compnay products are widely used in VSAT operations, radars, navigational equipment, public mobile trunk radio (PMTR), WLL, Cellular GSM/DCS or PCS networks. Their products meet ITU, MIL and Space standards, and stand testimony to the Company`s R&D breakthroughs using ISO quality processes, world class manufacturing facilities and equipment, and trained manpower. The phenomenal success can be directly linked to the fact that the company operates in a customer centric manner supplying innovative, cost-effective solutions of superior quality with zero defects in the shortest possible time. The company was incorporated in the year 1991 by a team of senior professionals and eminent scientist. They have revolutionizd the realm of microwave technology with a range of innovative products. Their manufacturing facilities are located at Bollarum and Rangareddy in Andhra Pradesh. The company was converted into a public limited company on April 1993. During the year 2002-03, the company has commissioned a state-of-art MMIC facility at Hardware Technology Park in Hyderabad. The company has expanded the production and R&D facilities with an ivestment of Rs 10 crore during the year 2003-04. Also, they further invested Rs 25 crore for expannsion during the financial year 2004-05. This expansion involves addition of Testing and Environmental equipment and construction of additional space at the factories. During the year 2006-07, the company has acquired majority stake in Komoline Electronics Pvt Ltd, Ahmedabad. Thus, the company became a subsidiary company. In February 2008, the company has entered into a non-exclusive Memorandum of Understanding with Raytheon Company, USA to identify and explore technologies and products. The company may able to manufacture and to explore possible participation with Raytheon in any resulting offset support for supply of Medium Multi-Role Combat Aircraft to the Indian Ministry of Defence. In March 2008, the company has received an order for Rs 21.6 crores for design, development, testing, installation and commissioning of Transmit Receive Modules (TRMs) and MET Towers from ISRO Telemetry Tracking and Command Network (ISTRAC), Bangalore which has to be completed in the next 12 months period. In July 2008, the Board has approved the merger of Astra Microelectrionic Technologies Ltd with the company. In August 2008, the company has received an order for Rs 25.5 crores from Indian Meteorological Department for supply, installation and commissioning of remote unmanned automatic weather stations in 550 locations across India. Astra Microelectronic Technologies Limited, wholly owned subsidiary of the Company was amalgamated with the Company with effect from 1 April, 2008 in terms of the Scheme of Amalgamation sanctioned by the High Court of Andhra Pradesh vide their Order dated 24 February 2009, which accordingly, stand dissolved without winding up and all business undertakings were transferred to and vested in the Company with effect from 1st April, 2008.

Registered Address

Astra Towers Survey No 12 Part, Hitech City Kondapur, Hyderabad, Telangana, 500084

Tel : 91-40-3061 8000/8001
Email : info:astramwp.com; tan:astramwp.com
Website : http://www.astramwp.com
Registrar

Purva Sharegistry (India) Pvt

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532493
NSE Code : ASTRAMICRO
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE386C01029

FAQ’s on Astra Microwave Products Ltd Shares

You can buy Astra Microwave Products Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Astra Microwave Products Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 12:49 PM the closing price of Astra Microwave Products Ltd was Rs.768.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 12:49 PM, the market cap of Astra Microwave Products Ltd stood at Rs. 7,297.95.

The latest PE ratio of Astra Microwave Products Ltd as of May 22, 2024 12:49 PM is 90.17

The latest PB ratio of Astra Microwave Products Ltd as of May 22, 2024 12:49 PM is 0.12

The 52-week high of Astra Microwave Products Ltd share price is Rs. 779.00 while the 52-week low is Rs. 316.20

According to analyst recommendations, Astra Microwave Products Ltd Share has a "Buy" rating for the long term.

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