ASTRA MICROWAVE LTD·DEFENCE 76.38AEROSPACE 85.60·Aerospace & Defense Companies

2026-08-21 NSE BSE Web L-ASM-IDe-Merger Result 10 Aug

Price

1,662.2

-1.31%
O:1680
H:1694
L:1658.3
C:1662.2

52W Range

8511960
+95%/-15%

Market Cap

₹15,781.76 Cr

Traded: ₹62.52 Cr (0.40%) 0.0x

Free Float: ₹6,538.38 Cr (0.96% of FF traded)

Volume · 60D trend

3.74 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-11% 3M:-1% 6M:+52% 12M:+83%

Valuation

P/E83.5
P/B12.0
P/S13.8
EV/EBIT30.7

Business Strength

ROE14.9%
ROCE19.1%
OPM28.7%
NPM16.6%

Growth (3Y CAGR)

EPS+25.7%
Sales+13.0%
Profit+40.0%
3Y Return+68.0%

Balance Sheet

Debt/Equity0.2
Debt287 Cr
Pledge0.0%
CWIP/Fixed Asset3.4%

Cash Position

CFO/NP200.5%
FCF304 Cr
FCF 3Y Avg-93.7 Cr
Cash/MCap1.0%

Others

Div Yield0.2%
Div Payout12.0%
Cash Conv. Cycle537 days
Tradeable Free Float41.4%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 193.58 Cr
2.96% FF
60d high
₹ 218.36 Cr
60d low
₹ 138.52 Cr
60d mean
₹ 184.54 Cr
vs mean
▲ 4.90%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+11.0%
+13.0%
+13.0%
--
+4.0%
Stable
ROE
+11.0%
+13.0%
+15.0%
--
--
Accelerating
Return
+31.0%
+62.0%
+68.0%
+80.0%
--
Accelerating
Profit
+13.0%
+46.0%
+40.0%
--
+16.0%
Decelerating

Quarterly Results

Jun 2026

10 Aug
Rev
177 Cr
-12% YoY-64% QoQ
OPM19.0%
NPM6.8%
PAT
--12 Cr
EPS
-24% YoY1.3

Mar 2026

26 May
Rev
488 Cr
+20% YoY+88% QoQ
OPM33.0%
NPM21.7%
PAT
+44% YoY106 Cr
EPS
+44% YoY11.2

Dec 2025

12 Feb
Rev
260 Cr
+0% YoY+21% QoQ
OPM32.0%
NPM18.1%
PAT
-1% YoY47 Cr
EPS
-1% YoY4.9

Sep 2025

PDF
Rev
215 Cr
-7% YoY+8% QoQ
OPM22.0%
NPM11.2%
PAT
-6% YoY24 Cr
EPS
-6% YoY2.5

Jun 2025

PDF
Rev
200 Cr
+29% YoY-51% QoQ
OPM20.0%
NPM8.0%
PAT
+126% YoY16 Cr
EPS
+125% YoY1.7

Mar 2025

PDF
Rev
408 Cr
+15% YoY+58% QoQ
OPM29.0%
NPM17.9%
PAT
+35% YoY73 Cr
EPS
+35% YoY7.7

Dec 2024

PDF
Rev
259 Cr
+12% YoY+13% QoQ
OPM29.0%
NPM18.1%
PAT
+9% YoY47 Cr
EPS
+9% YoY5.0

Sep 2024

PDF
Rev
230 Cr
+21% YoY+48% QoQ
OPM21.0%
NPM10.9%
PAT
-15% YoY25 Cr
EPS
-16% YoY2.7

Jun 2024

PDF
Rev
155 Cr
+16% YoY-56% QoQ
OPM15.0%
NPM4.5%
PAT
+207% YoY7 Cr
EPS
+207% YoY0.8

Mar 2024

PDF
Rev
354 Cr
+37% YoY+53% QoQ
OPM23.0%
NPM15.3%
PAT
+302% YoY54 Cr
EPS
+267% YoY5.7

Dec 2023

PDF
Rev
231 Cr
+5% YoY+22% QoQ
OPM29.0%
NPM18.6%
PAT
+57% YoY43 Cr
EPS
+43% YoY4.6

Sep 2023

PDF
Rev
190 Cr
+9% YoY+42% QoQ
OPM22.0%
NPM15.8%
PAT
+46% YoY30 Cr
EPS
+33% YoY3.2

Jun 2023

PDF
Rev
134 Cr
---48% QoQ
OPM2.2%
NPM-5.2%
PAT
-183% YoY-7 Cr
EPS
---0.7

Mar 2023

Rev
258 Cr
--+17% QoQ
OPM13.0%
NPM5.4%
PAT
+24% YoY14 Cr
EPS
--1.6

Dec 2022

Rev
220 Cr
--+26% QoQ
OPM23.0%
NPM12.7%
PAT
+142% YoY28 Cr
EPS
--3.2

Sep 2022

Rev
175 Cr
----
OPM22.0%
NPM12.0%
PAT
+507% YoY21 Cr
EPS
--2.4

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.22
Interest Coverage5.9x
Promoter Pledge0.0%
Borrowings288 Cr

Efficiency

Receivable Days216 days
Inventory Days394 days
Payable Days73 days
Cash Conversion cycle537 days

Cash Position

Operating Cash Flow387 Cr
Investing Cash Flow-85 Cr
Financing Cash Flow-196 Cr
Free Cash Flow304 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sep 2022
Sales177488260215200408259230155354231190134258220175
Expenses144327178167159289182180131273165148131226169136
Operating Profit331618348411187649248166423335139
OPM %19.0%33.0%32.0%22.0%20.0%29.0%29.0%21.0%15.0%23.0%29.0%22.0%2.2%13.0%23.0%22.0%
Other Income578841110346692122
Interest11141313151915131098671087
Depreciation1213111091110686766666
Profit Before Tax161416632219962349715738-8183828
Tax %21.0%25.0%29.0%26.0%23.0%26.0%23.0%25.0%23.0%24.0%25.0%22.0%-18.0%25.0%28.0%27.0%
Net Profit121064724167347257544330-7142821
Exceptional Items--------------------------------
EPS (Rs)1.311.24.92.51.77.75.02.70.85.74.63.2-0.71.63.22.4
Sales Growth (YoY)-11.5%19.6%0.4%-6.5%29.0%15.3%12.1%21.1%15.7%37.2%5.0%8.6%--------
Sales Growth (QoQ)-63.7%87.7%20.9%7.5%-51.0%57.5%12.6%48.4%-56.2%53.3%21.6%41.8%-48.1%17.3%25.7%--
OP Growth (YoY)-19.5%36.4%9.2%-2.0%70.8%45.7%15.2%16.7%700.0%145.5%29.4%7.7%--------
OP Growth (QoQ)-79.5%94.0%72.9%17.1%-65.3%55.3%55.1%104.2%-70.4%22.7%57.1%1300.0%-90.9%-35.3%30.8%--
Profit Growth (YoY)--44.0%-1.0%-6.0%126.0%35.0%9.0%-15.0%207.0%302.0%57.0%46.0%-183.0%24.0%142.4%507.1%
EPS Growth (YoY)-24.0%44.2%-1.4%-5.6%125.0%35.1%9.4%-15.5%207.0%267.3%42.8%33.3%--------
EPS Growth (QoQ)-88.3%126.4%95.6%47.4%-77.9%54.8%87.3%251.3%-86.7%25.4%44.6%545.1%-145.5%-51.3%35.0%--
OP Margin18.6%33.0%31.9%22.3%20.5%28.9%29.3%21.3%15.5%22.9%28.6%22.1%2.2%12.8%23.2%22.3%
Net Margin6.8%21.7%18.1%11.2%8.0%17.9%18.1%10.9%4.5%15.3%18.6%15.8%-5.2%5.4%12.7%12.0%
Material Cost %--49.7%44.7%49.2%53.3%53.9%52.0%59.1%56.2%61.9%52.7%57.4%71.8%69.4%58.9%59.8%
Employee Cost %--11.9%15.6%16.2%16.3%11.2%13.7%13.5%19.1%10.2%13.3%13.4%16.0%10.6%12.0%11.6%
P/S13.8415.0210.838.50------------------------
P/E83.4990.5573.1157.08------------------------
P/B12.0013.2910.097.91------------------------

Shareholding Pattern

Shareholders:1.2L (+138.0%)
Current MixJun 2026

Exchange Filings

50
Company Update24 Aug 2026

as per covering letter

Company Update22 Aug 2026

as per covering letter

Others22 Aug 2026

as per covering letter

Others22 Aug 2026

as per covering letter

AGM/EGM22 Aug 2026

as per covering letter

Company Update19 Aug 2026

as per covering letter

Company Update17 Aug 2026

as per covering letter

Company Update12 Aug 2026

as per covering letter

Company Update11 Aug 2026

as per covering letter

Company Update11 Aug 2026

as per covering letter

Company Update10 Aug 2026

as per covering letter

Company Update10 Aug 2026

as per covering letter

Corp. Action10 Aug 2026

as per covering letter

Company Update10 Aug 2026

as per covering letter

Company Update10 Aug 2026

as per covering letter.

Company Update10 Aug 2026

as per covering letter

Board Meeting10 Aug 2026

as per covering letter

Result10 Aug 2026

as per covering letter

Company Update03 Jul 2026

as per covering letter

Insider Trading / SAST24 Jun 2026

as per covering letter.

Company Update16 Jun 2026

as per covering letter

Company Update10 Jun 2026

as per covering Letter

Board Meeting10 Jun 2026

as per covering letter

Company Update08 Jun 2026

as per covering letter

Company Update08 Jun 2026

as per covering letter

Company Update01 Jun 2026

as per covering letter

Insider Trading / SAST01 Jun 2026

as per covering letter

Board Meeting01 Jun 2026

Astra Microwave Products Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/06/2026 ,inter alia, to consider and approve as per covering letter

Company Update27 May 2026

as per covering letter

Company Update27 May 2026

as per covering letter

Board Meeting26 May 2026

as per covering letter

Company Update26 May 2026

as per covering letter

Company Update26 May 2026

as per covering letter

Company Update26 May 2026

as per covering letter

Result26 May 2026

as per covering letter

Company Update18 May 2026

as per covering letter

Board Meeting18 May 2026

Astra Microwave Products Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve as per covering letter

Company Update18 May 2026

as per covering letter

Company Update12 May 2026

as per covering letter

Company Update06 May 2026

as per covering letter.

Company Update04 May 2026

as per covering letter

Others13 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update04 Apr 2026

as per covering letter

Company Update03 Apr 2026

as per covering letter

Company Update03 Apr 2026

as per covering letter

Company Update03 Apr 2026

as per covering letter

Company Update02 Apr 2026

as per covering letter

Insider Trading / SAST25 Mar 2026

as per covering letter

Company Update06 Mar 2026

as per covering letter

Company Update06 Mar 2026

as per covering letter

Annual Reports

14

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Credit Ratings

6
crisilRating update
11 Dec 2025Report
crisilRating update
03 Jul 2025Report
crisilRating update
04 Oct 2024Report
crisilRating update
28 Feb 2024Report
crisilRating update
15 May 2023Report
crisilRating update
15 Feb 2023Report

Concalls

42

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Jun 2023

30 Jun 2023

Feb 2023

28 Feb 2023

Jan 2023

31 Jan 2023

Nov 2022

30 Nov 2022

Nov 2022

30 Nov 2022

Aug 2022

31 Aug 2022

Aug 2022

31 Aug 2022

Jun 2022

30 Jun 2022

Feb 2022

28 Feb 2022

Jan 2022

31 Jan 2022

Nov 2021

30 Nov 2021

Jun 2021

30 Jun 2021

Feb 2021

28 Feb 2021

Nov 2020

30 Nov 2020

Feb 2020

29 Feb 2020

Nov 2019

30 Nov 2019

Aug 2019

31 Aug 2019

May 2019

31 May 2019

Feb 2019

28 Feb 2019

Nov 2018

30 Nov 2018

Aug 2018

31 Aug 2018

Jun 2018

30 Jun 2018

Feb 2018

28 Feb 2018

Nov 2017

30 Nov 2017

Aug 2017

31 Aug 2017

May 2017

31 May 2017

Feb 2017

28 Feb 2017

Nov 2016

30 Nov 2016

Aug 2016

31 Aug 2016

May 2016

31 May 2016

Feb 2016

29 Feb 2016

Held by ETFs

4 ETFs hold ASTRAMICRO · sorted by weight

#ETFWeight %
1

MODEFENCE

MOTILALAMC - MODEFENCE

4.07%
2

GROWWDEFNC

GROWWAMC - GROWWDEFNC

4.07%
3

AONETOTAL

AONEAMC - AONETOTAL

0.07%
4

DEFENCE

MIRAEAMC - DEFENCE

4.54%

Held by Mutual Funds

18 schemes hold ASTRAMICRO · sorted by weight

#SchemeWeight %
1

Motilal Oswal Nifty India Defence Index Fund

Motilal Oswal Mutual Fund

3.78%
2

Kotak Focused Fund

Kotak Mahindra Mutual Fund

2.80%
3

HDFC Defence Fund

HDFC Mutual Fund

6.89%
4

Axis Nifty India Defence Index Fund

Axis Mutual Fund

3.78%
5

Kotak Infrastructure and Economic Reform Fund

Kotak Mahindra Mutual Fund

2.16%
6

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

1.67%
7

ICICI Prudential Active Momentum Fund

ICICI Prudential Mutual Fund

1.36%
8

Kotak Large & Midcap Fund

Kotak Mahindra Mutual Fund

1.30%
9

Kotak Large Cap Fund

Kotak Mahindra Mutual Fund

0.63%
10

ICICI Prudential ELSS Tax Saver Direct Plan-Growth

ICICI Prudential Mutual Fund

1.10%
11

Kotak Contra Fund

Kotak Mahindra Mutual Fund

1.29%
12

ICICI Prudential Multicap Fund

ICICI Prudential Mutual Fund

0.58%
13

ICICI Prudential PSU Equity Fund

ICICI Prudential Mutual Fund

0.58%
14

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.49%
15

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.07%
16

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.07%
17

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.07%
18

ICICI Prudential Midcap Direct Plan-Growth

ICICI Prudential Mutual Fund

0.02%