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Astra Microwave Products Ltd. Stock Analysis

Small Cap
Evaluated by 1392 users | BSE: 532493 | NSE: ASTRAMICRO |
Telecommunication - Equipment
Astra Microwave Products (AMPL) was founded in the year 1991. It 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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Astra Microwave Products Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.17%18.19%17.08%24.69%21.64%15.2%13.61%11.44%2.54%9.18%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 161204227531634420391357286462
Y-o-Y Gr. Rt.-26.4%11.6%133.5%19.4%-33.9%-6.9%-8.6%-19.8%61.3%
Adjusted EPS (Rs.) 2.253.874.357.277.776.317.046.60.624.78
Y-o-Y Gr. Rt.-72%12.4%67.1%6.9%-18.8%11.6%-6.3%-90.6%671%
Book Value per Share (Rs.) 17.6920.9424.5529.4935.4445.9152.0657.9258.0763.14
Adjusted Net Profit 18.431.735.659.563.654.660.957.25.441.4
Net Op. Cash Flow (Rs. Cr.) 29.58.3114-29-259.621.41741.6-27
Debt to Cash Flow from Ops 1.157.180.41-2.1-44.871.136.130.549.03-1.93
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Astra Microwave Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.4%-6.2%5.7%61.3%
Adjusted EPS 8.7%-9.3%-12.1%671%
Book Value per Share 15.212.26.68.7
Share Price 13.4% -5.6% -1.9% 26.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.4620.0619.1426.9223.9215.8814.3612.011.077.89
Operating Profit Margin (%) 26.1729.8428.3219.0418.1923.9927.3631.5411.7419.47
Net Profit Margin (%) 11.4315.5615.6611.210.0213.0215.6116.031.888.98
Debt to Equity 0.230.350.230.250.310.170.290.190.030.1
Working Capital Days 326291334210194265320378450392
Cash Conversion Cycle 174105-17-2548166243299365284
Entity Percentage Holding
Promoters 10.03%
Institutions 9.53%
Non-Institutions 80.45%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Astra Microwave Products Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Astra Microwave Products Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Astra Microwave Products Ltd.'s performance infers:

Astra Microwave Products Ltd. earnings have declined by -9.3%, whereas share price has depreciated -5.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Astra Microwave Products Ltd. share prices over the last 10 years. Here is what we found out:

Astra Microwave Products Ltd. share price has depreciated 11.5% annually over the past ten years.

Astra Microwave Products (AMPL) was founded in the year 1991. It 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.

They are widely used by corporates, public institutions,

Astra Microwave Products (AMPL) was founded in the year 1991. It 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.

They are widely used by corporates, public institutions, telecommunication companies, commercial enterprises and defence laboratories of the Government of India.

Astra Microwave Products has received ISO 9001 certification by INTERTEK, USA.

Products

Defence Components- The company manufactures wide range of radar electronics, electronic warfare and telemetry. It manufactures products such as TR modules, dual switch amplifier, S-Band 1W Transmitter, digital receiver, threshold detector, etc.

Space- It manufactures on-board components such as T/R modules, 8x8 switch matrix, SPST switches, power amplifiers and power dividers.

Antennas- It manufactures a wide range of antennas namely Yagi, GRID Paraboloid, Patch panel, Whip, Blade, Horn, Dipole, etc.

Telecom- The company has designed wide varieties of repeater systems that are compatible with cellular standards -- GSM, CDMA, DCS, PCS, WCDMA-3G. These repeaters help extend the coverage of base station as well as reducing the cost network deployment.

It also manufactures meteorological products, security products, ferrite products, filters, RF hardware and VHF and UHF products.

Outlook

The company has been awarded an order of Rs 25.5 crore from Indian meteorological department to supply, install and commission remote unmanned automatic weather stations in 550 locations. This will enable receipt of live data via satellite to the Met department's central servers on a 24X7 basis.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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