Astra Microwave Products Ltd

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

Astra Microwave Products Ltd

₹ 747 -1.38%
21 Nov - close price
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 ₹ 7,098 Cr.
  • Current Price ₹ 747
  • High / Low ₹ 1,060 / 510
  • Stock P/E 54.4
  • Book Value ₹ 103
  • Dividend Yield 0.27 %
  • ROCE 18.8 %
  • ROE 15.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 105% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.5%

Cons

  • Stock is trading at 7.23 times its book value
  • Promoter holding is low: 6.54%
  • Company has a low return on equity of 11.5% 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 Industrials Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
180 202 239 162 175 220 258 134 190 231 354 155 230
168 176 215 140 136 169 226 131 148 165 273 131 180
Operating Profit 12 26 25 22 39 51 33 3 42 66 81 24 49
OPM % 6% 13% 10% 14% 22% 23% 13% 2% 22% 29% 23% 15% 21%
3 1 2 1 2 2 1 2 9 6 6 4 3
Interest 5 6 5 6 7 8 10 7 6 8 9 10 13
Depreciation 5 6 6 6 6 6 6 6 6 7 6 8 6
Profit before tax 4 16 16 12 28 38 18 -8 38 57 71 9 34
Tax % 12% 27% 30% 31% 27% 28% 25% -18% 22% 25% 24% 23% 25%
3 11 11 8 21 28 14 -7 30 43 54 7 25
EPS in Rs 0.39 1.32 1.26 0.94 2.37 3.20 1.56 -0.71 3.16 4.57 5.73 0.76 2.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
220 523 622 406 390 362 293 467 641 750 816 909 970
156 434 507 305 286 249 263 380 564 663 670 717 750
Operating Profit 64 89 116 101 103 114 31 88 77 87 145 192 220
OPM % 29% 17% 19% 25% 27% 31% 10% 19% 12% 12% 18% 21% 23%
7 8 6 9 6 8 25 12 11 6 5 24 20
Interest 7 12 15 14 15 15 13 15 26 21 31 32 41
Depreciation 13 15 22 24 24 27 29 26 24 22 24 25 27
Profit before tax 50 70 85 71 70 80 13 59 39 50 96 159 172
Tax % 26% 27% 26% 21% 17% 23% 27% 26% 25% 25% 27% 24%
37 51 63 56 58 61 10 44 29 38 70 121 130
EPS in Rs 4.55 6.21 7.67 6.50 6.65 7.05 1.13 5.08 3.33 4.37 8.06 12.75 13.73
Dividend Payout % 18% 18% 16% 18% 15% 17% 22% 24% 36% 32% 20% 16%
Compounded Sales Growth
10 Years: 6%
5 Years: 25%
3 Years: 12%
TTM: 21%
Compounded Profit Growth
10 Years: 9%
5 Years: 105%
3 Years: 61%
TTM: 102%
Stock Price CAGR
10 Years: 20%
5 Years: 52%
3 Years: 43%
1 Year: 34%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 11%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 185 225 275 382 433 484 482 523 541 568 625 947 962
46 61 92 70 138 95 17 60 122 70 186 238 306
252 263 111 82 61 80 99 296 265 313 228 270 320
Total Liabilities 499 565 495 551 649 676 615 895 945 969 1,057 1,474 1,607
108 126 142 137 150 194 178 161 153 160 167 170 187
CWIP 0 0 0 1 37 1 2 12 0 0 2 13 21
Investments 24 2 0 0 57 126 35 26 30 14 11 24 27
367 436 354 413 405 355 400 696 762 795 877 1,267 1,372
Total Assets 499 565 495 551 649 676 615 895 945 969 1,057 1,474 1,607

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -26 -5 59 14 179 1 -7 -25 115 -25 -182
-47 -14 -28 -18 -123 -94 85 -30 -1 -26 -28 -44
-24 0 11 21 46 -65 -98 37 34 -79 75 232
Net Cash Flow 43 -39 -22 62 -63 20 -12 -1 8 10 21 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 159 206 192 239 195 152 100 127 203
Inventory Days 268 166 149 208 252 266 314 390 270 290 295 344
Days Payable 121 235 65 69 34 36 55 84 31 38 32 56
Cash Conversion Cycle 385 23 150 299 424 421 498 501 391 352 390 491
Working Capital Days 4 72 126 219 291 175 309 254 252 207 262 358
ROCE % 30% 29% 20% 16% 15% 3% 13% 10% 11% 17% 19%

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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