Astra Microwave Products Ltd

Astra Microwave Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Astra Microwave Products Ltd

₹ 768 -3.89%
23 Dec 4:01 p.m.
astramwp.com BSE: 532493 NSE: ASTRAMICRO
About

Astra Microwave Products is engaged in the business of design, development and manufacture of sub-systems for Radio Frequency and microwave systems used in defense, space, meteorology and telecommunication.

Key Points

Products & Applications
Astra is engaged in designing, developing, manufacturing, and supplying high-value-added RF and microwave super components, sub-systems, and systems finding for Defense, Space, Telecom, Meteorology, and Civil communication applications. [1]

Website BSE NSE
  • Market Cap ₹ 7,276 Cr.
  • Current Price ₹ 768
  • High / Low ₹ 1,060 / 510
  • Stock P/E 59.6
  • Book Value ₹ 103
  • Dividend Yield 0.26 %
  • ROCE 18.0 %
  • ROE 13.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 83.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.7%

Cons

  • Stock is trading at 7.44 times its book value
  • Promoter holding is low: 6.54%
  • Company has a low return on equity of 11.4% over last 3 years.
  • Company has high debtors of 203 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Aerospace & Defence Industry: Telecommunications - Equipment

Part of BSE Allcap BSE SmallCap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
177 199 239 161 171 219 256 133 189 230 353 154 229
166 173 210 136 130 166 225 128 147 163 272 131 180
Operating Profit 11 26 29 25 40 53 31 5 42 67 80 23 49
OPM % 6% 13% 12% 15% 24% 24% 12% 3% 22% 29% 23% 15% 21%
3 1 2 1 2 2 1 2 4 4 3 2 2
Interest 5 5 4 5 7 8 9 7 6 8 9 10 12
Depreciation 5 6 6 5 6 6 6 6 6 7 6 8 6
Profit before tax 4 16 21 15 30 41 17 -6 33 56 68 7 33
Tax % 17% 26% 25% 25% 25% 26% 26% -25% 25% 25% 26% 27% 25%
3 12 16 11 23 30 12 -4 25 42 50 5 24
EPS in Rs 0.34 1.40 1.80 1.32 2.61 3.49 1.43 -0.45 2.62 4.43 5.31 0.55 2.58
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
220 523 623 407 391 357 286 462 589 735 807 904 965
156 434 512 306 285 245 253 372 523 648 657 710 746
Operating Profit 64 89 111 100 106 112 33 90 66 87 150 194 219
OPM % 29% 17% 18% 25% 27% 31% 12% 19% 11% 12% 19% 21% 23%
7 8 6 8 6 8 24 12 12 7 6 12 11
Interest 7 12 15 14 15 15 13 14 24 20 29 30 40
Depreciation 13 15 22 24 24 27 29 25 23 22 23 25 27
Profit before tax 50 70 81 71 73 79 17 63 31 53 103 152 164
Tax % 26% 27% 25% 21% 17% 23% 25% 24% 24% 24% 26% 25%
37 51 61 56 60 61 13 47 24 40 77 113 122
EPS in Rs 4.55 6.22 7.42 6.51 6.95 7.01 1.45 5.47 2.76 4.65 8.85 11.90 12.87
Dividend Payout % 18% 18% 16% 18% 14% 17% 17% 22% 43% 30% 18% 17%
Compounded Sales Growth
10 Years: 6%
5 Years: 26%
3 Years: 15%
TTM: 21%
Compounded Profit Growth
10 Years: 8%
5 Years: 83%
3 Years: 68%
TTM: 93%
Stock Price CAGR
10 Years: 21%
5 Years: 56%
3 Years: 50%
1 Year: 25%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 11%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 17 17 17 17 17 17 17 17 19 19
Reserves 185 225 274 380 434 484 486 530 543 572 636 949 961
46 61 89 67 131 94 14 52 100 60 170 227 300
252 259 102 82 63 78 96 258 255 308 224 271 319
Total Liabilities 499 561 481 547 645 674 613 857 915 958 1,047 1,466 1,599
108 126 139 135 148 193 176 158 151 158 165 169 186
CWIP 0 0 0 1 37 1 2 12 0 0 2 13 21
Investments 24 2 0 3 63 131 44 37 50 37 37 38 39
367 433 341 407 397 349 390 650 715 764 842 1,246 1,353
Total Assets 499 561 481 547 645 674 613 857 915 958 1,047 1,466 1,599

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
114 -29 -2 60 21 174 2 -5 -10 101 -22 -187
-47 -12 -27 -21 -126 -95 84 -27 -4 -27 -28 -43
-24 0 9 22 41 -59 -99 32 21 -67 76 234
Net Cash Flow 43 -40 -20 61 -64 21 -14 0 7 7 26 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 238 92 66 159 205 192 242 196 157 101 127 203
Inventory Days 268 153 113 199 242 255 299 309 254 280 279 335
Days Payable 121 231 56 67 37 34 51 52 31 37 31 58
Cash Conversion Cycle 385 14 122 291 410 413 489 452 380 344 375 479
Working Capital Days 4 75 125 217 285 174 312 253 254 202 255 354
ROCE % 24% 30% 28% 20% 16% 16% 4% 13% 9% 11% 18% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
8.71% 8.71% 8.46% 8.28% 8.27% 7.17% 6.54% 6.54% 6.54% 6.54% 6.54% 6.54%
1.43% 1.82% 2.17% 3.13% 2.32% 2.32% 3.03% 1.73% 2.94% 3.17% 4.67% 5.69%
0.58% 0.29% 0.16% 0.07% 0.07% 0.07% 9.86% 15.26% 14.79% 13.59% 13.57% 14.98%
89.28% 89.18% 89.20% 88.52% 89.34% 90.44% 80.58% 76.47% 75.74% 76.70% 75.22% 72.79%
No. of Shareholders 38,58940,19339,15044,06947,70349,52846,50656,28271,36873,48393,50599,071

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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