Astra Microwave Products has received CRISIL IER fundamental grade of ‘4/5’ from rating agency, CRISIL Research. The grade indicates that the company’s fundamentals are ‘Superior’ relative to other listed equity securities in India. Moreover, the rating agency has assigned a valuation grade of 5/5 to the company.
The fundamental grade assigned to the company reflects its technical capability in this niche space and the established record of developing critical products (like radar components) in association with government agencies.
Astra Microwave Products is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems that are used in areas of defence, space and civil communication systems. Presently company’s products are used in VSAT operations, radars, navigational equipment, public mobile trunk radio (PMTR), WLL, cellular GSM/DCS or PCS networks.
