Astra Microwave Products Ltd Stock Analysis

BSE: 532493 | NSE: ASTRAMICRO | Telecommunication - Equipment | Small Cap

BSE Share Price 06-Feb-2023 18:01
262.10 9.10 (3.60%)

DeciZen - Make an Informed Decision on Astra Microwave Prod

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Astra Microwave Prod Price Chart

P/E Ratio ( SA) :
36.79
Market Cap :
2,270.1 Cr.
52-wk low :
175.4
52-wk high :
375.2
Bole Toh?

1. Is Astra Microwave Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Astra Microwave Products Ltd is a average quality company.

2. Is Astra Microwave Products Ltd undervalued or overvalued?

The key valuation ratios of Astra Microwave Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Astra Microwave Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Astra Microwave Products Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Astra Microwave Prod:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.1%24.7%21.6%15.2%13.6%11.4%2.5%9.2%7.1%8.5%-
Value Creation Index 0.20.80.60.1-0.0-0.2-0.8-0.3-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 227531634420391357286462589735770
YoY Gr. Rt. %-133.5%19.4%-33.9%-6.9%-8.6%-19.8%61.3%27.6%24.8%-
Adj EPS 4.47.37.86.376.60.64.83.34.87.1
YoY Gr. Rt. %-67.1%6.9%-18.8%11.6%-6.3%-90.6%671%-32%48.3%-
BVPS (₹) 24.629.535.445.952.157.958.163.164.768.170.7
Adj Net Profit 35.659.563.654.660.957.25.441.428.241.762
Cash Flow from Ops. 114-29-259.621.41741.6-4.8-10.3101-
Debt/CF from Ops. 0.4-2.1-44.91.16.10.59-10.9-9.70.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.9%13.5%37%24.8%
Adj EPS 1.2%-7.3%98.1%48.3%
BVPS 125.55.45.2
Share Price 20.7% 20.1% 40.3% 20.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.126.923.915.914.4121.17.95.17.310.3
Op. Profit Mgn % 28.31918.22427.431.511.719.512.312.215.7
Net Profit Mgn % 15.711.2101315.6161.994.85.78
Debt to Equity 0.20.30.30.20.30.200.10.20.10
Working Cap Days 334210194265320378450392404344420
Cash Conv. Cycle -17-2548166243299365284290260212

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.30%

Sales growth is growing at healthy rate in last 3 years 36.95%

Net Profit is growing at healthy rate in last 3 years 98.10%

Sales growth is good in last 4 quarters at 16.17%

No data to display

Latest Financials - Astra Microwave Products Ltd.

Standalone Consolidated
TTM EPS (₹) 7.1 5.9
TTM Sales (₹ Cr.) 770 779
BVPS (₹.) 70.7 69.6
Reserves (₹ Cr.) 595 586
P/BV 3.71 3.76
PE 36.79 44.56
From the Market
52 Week Low / High (₹) 175.35 / 375.15
All Time Low / High (₹) 3.53 / 375.15
Market Cap (₹ Cr.) 2,270
Equity (₹ Cr.) 17.3
Face Value (₹) 2
Industry PE 50.3

Management X-Ray of Astra Microwave Prod :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Astra Microwave Prod

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Astra Microwave Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Astra Microwave Prod on 06-Feb-2023 18:01 is : 262.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Feb-2023 18:01 the market cap of Astra Microwave Prod stood at ₹ 2,270.1.
The latest PE ratio of Astra Microwave Prod as of 06-Feb-2023 18:01 is 36.79.
The latest PB ratio of Astra Microwave Prod as of 06-Feb-2023 18:01 is 3.71
The 52-week high of Astra Microwave Prod is ₹ 375.1 and the 52-week low is ₹ 175.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Astra Microwave Prod is ₹ 770.0 ( Cr.) .

About Astra Microwave Products Ltd

Astra Microwave Products Limited (AMPL) was incorporated in 1991 by a team of distinguished scientists with experience in RF/Microwave/Digital electronics and management of projects with high technology content. The three promoters had back then sensed a need for a sound, technically powerful private company that can design, develop and produce highly end RF and Microwave subsystems and systems for strategic applications.

AMPL thus came into existence with a handful of highly motivated individuals, the path of progress being clear from the beginning. Starting operations from what is now called Unit I, the company has grown substantially with continuous investment in infrastructure, captive test facilities and other resources.

Being a company with a strong R&D Back ground, AMPL has undertaken production of equipment from R&D labs to reduce the production lead times. The company has also demonstrated its capability to provide complete solutions from concept to product realization using in house engineering. Starting with a diverse range of microwave products like filters, transmitters, receivers, antennas etc., the achievement in producing actual space-borne hardware that has flown on Indian satellites was a dream come true for the promoters and for the company and an endeavor to be proud of for the entire AMPL team.

Business area of the company

The company is engaged in designing and manufacturing of high value added RF and microwave super components and sub-systems finding applications in Defense, Space, Telecom, Meteorology and Civil communication systems.

Products of the company

Defense

  • Radar Electronics
  • Electronic Warfare
  • Strategic Electronics
  • Telemetry

Space

  • Ground Based
  • Flight Model

Meteorology

Homeland Security

  • Perimeter Intrusion Detection Radar

Systems

  • Multi-Function Radar Systems
  • Instrumentation Radar & Telemetry Systems
  • Perimeter Intrusion Detection Radar
  • Meteorology Radar Systems
  • Air Traffic Management Radar Systems

Milestones

  • 1991: Though Astra Microwave was founded with an interest to work on Defense opportunities, the telecom revolution in India coinciding with the company’s inception meant the early years was marked by a lot of requirements coming in from the customers who needed products for setting up their telecom base stations. It helped the company get a head start and also provided it with required time to make its mark in the tough defense electronics market.
  • 1993: Components and sub-systems for Radars were always a focus area for the company and the first few components that were built by Astra found their way into sub-systems of Radars developed by DRDO.
  • 1993: While addressing the requirements of the telecom industry, the promoters were also working with DRDO to get opportunities to design products for military applications. The first opportunities were received by the company to build products for Telemetry / Missile application.
  • 1995: Good orders from Telecom combined with fact that potential opportunities were already being generated in the defense area meant that there was an immediate need for Astra to invest in infrastructure, people and test facilities. This was the reason the company went public quite early. Astra Microwave was listed in the stock exchange in India in 1995.
  • 1997: 1997 marked the first deliveries of modules that found application in Telemetry/Missile Electronics for a Surface to Air Missile program of the DRDO.
  • 2000: Astra Microwave started working in the complex field of EW in the year 2000. From a nominal start, Astra Microwave today has grown to be one of the important partners for DRDO, having supplied many critical and wide band products for EW application, especially in the Naval domain.
  • 2003: The invitation from ISRO for the Indian Private Industry to enter into the Space business in 2004 provided the right impetus for Astra Microwave to take up challenging work for components and sub-systems for Satellite Application. Astra Microwave is proud to have associated with all the major satellite launches in India since 2008.
  • 2005: In 2005, Astra Microwave decided to have a fabless design team in-house in order to design and develop critical MMIC’s for getting advantages of cost, design flexibility to help miniaturize modules and the ability to control production requirements of critical devices in house.
  • 2007: Thanks to the offset rule introduced by DPP 2006, many foreign OEM’s showed interest to work with Astra Microwave for discharging their offset requirements. The process of audits and vendor capability mapping starting in the year 2007.
  • 2010: Astra Microwave became one of the first beneficiaries of an offset contract having bagged the contract to manufacture receiver side modules in the year 2009 for radar application. The first products under this contract were delivered to the customer in 2010.
  • 2013: On the basis of domestic and offset work in the ratio of 50-50%, Astra Microwave crossed an annual turnover of 500 crore for the first time.
  • 2018: With an objective to be closer to its customers and to help them with higher level hardware integration, Astra Microwave developed its latest facility in Bengaluru
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now