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Not investment advice. Data and computed figures, for information only.

Astra Microwave Products Ltd

NSE: ASTRAMICRO
₹1,621.10
−₹58.90 (−3.51%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,693 Cr
CMP
₹1,621.10
52-wk High / Low
₹1,960 / 851
P/E
83.0
P/B
12.0
Book Value
₹138.0
Div Yield
0.15%
ROCE
20.0%
ROE
16.0%
Face Value
₹2
D/E
0.22

Price+48.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹251
√(22.5 × EPS × book value per share)
ROIC
13.4%
vs 12.3% sector median
Cash flow to profit
2.01
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−186
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.0%
ROE × earnings retention ratio
ROE stability
2.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +2.92DII +1.10
Latest quarter vs the previous one
Cash-accrual divergence
−10.1%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+FII holding rose by 8.2pp over the last year
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Borrowings are up 311.4% since FY2016 (70 to 288)
−Promoter holding fell by 0.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales134190231354155230259408200215260488177
Expenses131148165273131180182289159167178327144
Operating Profit342668124497611841488316133
OPM %2.2%22.1%28.6%22.9%15.5%21.3%29.3%28.9%20.5%22.3%31.9%33.0%18.6%
Other Income296643101148875
Interest7689101315191513131411
Depreciation6676861011910111312
Profit before tax−8385771934629921326614116
Net Profit−7304354725477316244710612
EPS (₹)−0.713.164.575.730.762.675.007.741.712.524.9311.161.30

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6224063903622934676417508169091,0511,1631,140
Expenses507305286249263380564663670717782829815
Operating Profit11610110311431887787145192269334325
OPM %18.6%24.9%26.4%31.5%10.6%18.8%12.0%11.6%17.8%21.1%25.6%28.7%28.5%
Other Income69682512116524272629
Interest15141515131526213132575652
Depreciation22242427292624222425354446
Profit before tax857170801359395096159204261255
Net Profit635658611044293870121154193189
EPS (₹)7.676.506.657.051.135.083.334.378.0612.7516.1720.3219.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital161717171717171717191919—
Reserves2753824334844825235415686259471,0791,296—
Borrowings927013895176012270186238424288—
Other Liabilities11182618099296265313228270329386—
Total Liabilities4955516496766158959459691,0571,4741,8511,988—
Fixed Assets142137150194178161153160167170229267—
CWIP013712120021339—
Investments00571263526301411243250—
Other Assets3544134053554006967627958771,2671,5871,662—
Total Assets4955516496766158959459691,0571,4741,8511,988—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−559141791−7−25115−25−182−90387
Cash from Investing Activity−28−18−123−9485−30−1−26−28−44−76−85
Cash from Financing Activity112146−65−983734−7975232141−196
Net Cash Flow−2262−6320−12−1810217−25106

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %29.020.016.015.03.013.010.011.017.019.019.020.0
ROE %———————————16.0
EPS (₹)7.676.506.657.051.135.083.334.378.0612.7516.1720.32
Book Value (₹)———————————138.0
Face Value (₹)———————————2
P/E———————————83.0
Div Yield %———————————0.15
NPM %10.013.514.616.53.19.24.45.08.513.014.316.2
OPM %19.025.027.031.010.019.012.012.018.021.026.029.0
D/E0.320.180.310.190.030.110.220.120.290.250.390.22
P/B———————————12.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+13.0%
3 years+13.0%
TTM+4.0%
Compounded profit growth
10 years+13.0%
5 years+46.0%
3 years+40.0%
TTM+16.0%
Stock price CAGR
10 years+31.0%
5 years+52.0%
3 years+54.0%
Last year+52.0%
Return on equity
10 years11.0%
5 years13.0%
3 years15.0%
Last year16.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters15.80%15.80%15.80%13.11%12.90%10.05%8.98%8.71%7.17%6.54%6.54%6.54%6.54%
FIIs3.03%3.03%3.03%1.07%1.47%1.30%1.04%1.82%2.32%3.17%5.30%7.56%10.48%
DIIs29.75%29.75%29.75%25.87%13.45%11.19%4.95%0.29%0.07%13.59%15.30%15.42%16.52%
Government—————————————
Public51.42%51.42%51.42%59.95%72.18%77.45%85.03%89.18%90.44%76.70%72.86%70.49%66.47%
No. of shareholders44,05644,05644,05647,16839,56038,18737,22640,19349,52873,48394,3671,16,1381,27,063
Change since Jun 2023 (pp)
Promoters −9.26FIIs +7.45DIIs −13.23Public +15.05

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation35Th AGM - Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 2.40 Per Share—
10 Sep 2025DIVIDENDDividend - Rs 2.20 Per Share—
23 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
23 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.60 Per Sh—
11 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 1.40 Per Share—
17 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 1.20 Per Share—
1 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 1.20 Per Share—
6 Aug 2019DIVIDEND Dividend - Rs 0.25 Per Share—
19 Jul 2018DIVIDEND Dividend- Rs 1.20 Per Share—
19 Jul 2017DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
20 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Rs 1.20/- Per Share—
21 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Rs 1.20/- Per Share—
22 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 1.10/- Per Share—
19 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Re 0.80/- Per Share—
19 Jul 2012DIVIDENDAnnual General Meeting And Dividend Re.0.70 Per Share—
19 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
30 Dec 2010BONUSBonus 1:2—
21 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman