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As of 6 Nov 2026, Astra Microwave Products trades at 78.4× trailing earnings, above the industry P/E of 40.6×, and the shares are 21% below their 52-week high. Sales and net profit grew 13% and 40% a year over 3 years, with ROCE of 21% and ROE of 16%. Debt is 0.22× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹14,791 Cr, ranked 4th of 24 Communication Equipment companies by market cap; the shares rose 47% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹1,551.00
Day high
₹1,565.00
Day low
₹1,513.50
Prev. close
₹1,558.00
Volume
2.9 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsIn line

    +47.1% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 78.4 vs industry 40.6.

  • GrowthSteady

    Sales +12.6%, profit +40.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 20.8% vs peer median 9.5%.

  • Balance sheetSolid

    Debt 0.22× equity, interest covered 6.8×, Piotroski 8 of 9.

  • Red flags3 to check

    Quarterly profit down 24.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Communication Equipment

23 listed peers. Screen the industry

Small cap

₹14,791 Cr, #4 of 24 in its industry by size.

Defensive

Beta 0.65 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,140 Cr · profit ₹189 Cr
Market cap
₹14,791 Cr
Small cap
P/E
78.4
Industry 40.6
Price to book
11.25
Peers 5.71
Dividend yield
0.15%
ROE
16.0%
Peers 16.6%
ROCE
20.8%
Peers 9.5%
Debt to equity
0.22
Debt ₹288 Cr
EPS (TTM)
₹19.86
Face value ₹2
OPM (TTM)
28.6%
Net margin 16.6%
Sales growth
−11.5%
Latest quarter vs a year ago
Profit growth
−24.1%
Latest quarter vs a year ago
Price to sales
12.98
EV/EBITDA 45.8

Strengths and risks

Strengths

  • Return on capital employed of 20.8%.

Risks to check

  • Quarterly profit down 24.1% on a year ago.
  • Quarterly sales down 11.5% on a year ago.
  • P/E of 78.4 against an industry P/E of 40.6.

Derived automatically from reported figures. Not a recommendation.

About Astra Microwave Products

Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, civil, and telecommunication applications in India. It offers radar electronics, including active antenna array units, transmit receive (T/R) modules, wideband T/R modules, solid state power amplifiers, receivers, exciters, central units, antenna and electronic beam forming units, digital…

Headquarters
Hyderabad
Employees
1,684
Sector
Technology
ISIN
INE386C01029
Website
astramwp.com

Price range

52 weeks

₹851.00₹1,960.00

Today

₹1,513.50₹1,565.00
Avg volume (3M)
3.3 L
1-year return
plus 47.1%
From 52-week high
minus 20.5%

Analyst consensus

12 analysts
No consensusMean target ₹1,895.58 plus 21.7%

Target range, with today’s price

Low ₹1,280.00High ₹2,600.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
STLTECHSterlite Technologies719.90minus 5.00%37,01852.465.88.0%22.0%0.22−11.8%plus 530.2%
HFCLHFCL210.66minus 5.00%32,23736.842.910.8%21.2%0.341.3%plus 188.1%
ITIITI248.85minus 0.58%23,961135.2350.114.4%−4.0%0.4016.1%minus 22.6%
ASTRAMICROAstra Microwave Products1,557.80minus 0.01%14,79178.444.620.8%28.6%0.2212.6%plus 47.1%
TEJASNETTejas Networks417.20minus 1.59%7,422––−29.5%−23.2%1.976.1%minus 21.7%
AVANTELAvantel138.69minus 1.24%3,686190.076.98.2%24.7%0.3112.9%minus 16.3%
PACEDIGITKPace Digitek158.13minus 1.62%3,4139.88.516.1%16.3%0.5773.8%minus 26.6%
PARACABLESParamount Communications64.13minus 6.11%2,09927.9––5.7%0.15–plus 59.2%
Median of 7 peers–−1.62%7,42244.665.89.5%16.3%0.349.5%−16.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
200215260488177
159167178326144
4147.882.516233.1
20.5%22.3%31.7%33.3%18.7%
4.18.18.16.15.4
14.613.51314.510.8
9.310.111.41311.9
21.132.466.314115.7
22.8%26.2%29.3%24.9%21.5%
16.323.946.810612.3
1.712.514.9211.141.29

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.6%
Profit CAGR 3Y
+40.3%
EPS CAGR 3Y
+36.0%
ROE
16.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8149091,0511,163
–+11.7%+15.7%+10.6%
664717782829
150192269334
18.4%21.1%25.6%28.7%
−5.514.31014.7
23.122.346.845.2
23.7253543.7
−1.7–6.10.8
95.9159204261
27.2%23.9%24.7%26.0%
69.8121154193
–+73.4%+26.8%+25.7%
8.0612.8616.1720.27

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17.3191919
6259471,0791,296
186238424288
228270329386
1,0571,4741,8511,988
168184226270
2.216.83.19.3
210.1–0.2
56.166.126.4175
8291,1971,5961,533
1,0571,4741,8511,988

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−25.5−182−90.1387
−28.2−43.6−76.3−84.9
74.8232141−196
21.17.3−25.2106
−33.9−47.5−78.7−82.6
−59.4−229−169304
−12.2−15.3−19.1−20.9

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 24.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you