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Astra Microwave Products Ltd share Price

Company details

6M Return 88.53%
1Y Return 43.93%
Mkt Cap.(Cr) 4,089.28
Volume 167,251
Div Yield 0.34%
OI Chg %
Volume 167,251

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Defence company Astra Microwave Products announced Q1FY24 results:

  • The Revenue stood at Rs 132.9 crore for Q1FY24 as against Rs 161.2 crore for Q1FY23
  • Gross margins were down to 27.5% for Q1FY24 as against 35.1% in Q1FY23; the decline in gross margins is mainly due to higher contributions from the exports business
  • EBIDTA was Rs 4.6 crore for Q1FY24 in contrast to the EBIDTA of Rs 24.9 crore in Q1FY23
  • Geographical spread of total revenue for Q1FY24 stands as follows: India – 40% and Exports – 60% which was completely the other way around in FY23, i.e., India - 60% and Exports - 40%
  • Order book of Rs 1,580 crore as on June 30, 2023, which is executable in the next 12 to 36 months period
  • Orders booked during Q1FY24 are worth Rs 191 crore

Commenting on the performance S G Reddy, Managing Director, Astra Microwave Products said, 

"The quarter gone by was a relatively soft quarter, topline performance was close to the guidance given during the last quarter. The decline in the bottom line was mainly due to higher export sales (about 60%) which is high volume and low margin, coupled with this even the domestic business carried out during the quarter has a lower margin as compared with general margins earned by the company.

Additionally, interest provision on customer advances has contributed to more than Rs 3 crore which is not the actual cost and will get adjusted as the company delivers goods to the customer.

Having said that this soft performance does not give a complete picture of where we stand as a company. The road ahead is promising as we continue to have a robust order book of Rs 1,580 crore, which is almost double FY23 Revenue. This orderbook consists of 19% of export orders and the rest 81% are domestic. This order book is a good representation of our long-term prospects. Despite low performance during Q1, we continue to maintain our earlier given year-end guidance of Rs 900 crore of sales and profit before tax(PBT) of Rs 140 crore to Rs 150 crore. Major domestic orders are expected to get executed in the coming quarters specially in Q3 and Q4 which will help us to achieve the year-end targets mentioned above."


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Astra Microwave Products Ltd Stocks COMPARISION


Equity Capital: 642.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
Astra Microwave Products Limited - Trading Window

Sep 26, 2023 l NSE Announcement

Astra Microwave Products Limited - Change in Director(s)

Sep 22, 2023 l NSE Announcement

Astra Microwave Products Limited - Loss of Share Certificates

Sep 21, 2023 l NSE Announcement

Date Action Type Ratio
Aug 23, 2023 Dividend 80
Aug 11, 2022 Dividend 70
Aug 17, 2021 Dividend 60

Astra Microwave Products Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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
Website : http://www.astramwp.com

Purva Sharegistry (India) Pvt

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532493
Book Closure Date (Month) :
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 Sep 27, 2023 01:04 PM the closing price of Astra Microwave Products Ltd was ₹ 430.70.

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 Sep 27, 2023 01:04 PM, the market cap of Astra Microwave Products Ltd stood at ₹ 4,089.28.

The latest PE ratio of Astra Microwave Products Ltd as of Sep 27, 2023 01:04 PM is 74.91

The latest PB ratio of Astra Microwave Products Ltd as of Sep 27, 2023 01:04 PM is 0.21

The 52-week high of Astra Microwave Products Ltd is ₹ 444.00 while the 52-week low is ₹ 213.30

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