Synopsis:
The shares of this aerospace company were in momentum today as the company bagged an order worth Rs 285.56 crore from the Ministry of Defence.
This company, which is engaged in the business of design, development and manufacture of sub-systems for Radio Frequency and microwave systems used in defense, space, meteorology and telecommunication had its shares in the spotlight today ,due to the order that the company’s joint venture company had bagged.
With the market cap of Rs 10,173 crore, the shares of Astra Microwave Products Ltd reached a high of Rs 1079.60 compared to its previous closing price of Rs 1042.90, which is a gain of 3.5 percent in today’s trading session. The shares have given a return of 850 percent over the last 5 years.
About the order
Astra Rafael Comsys Private Limited, which is a joint venture company of Astra Microwave Products Ltd, has received an order worth Rs 285.56 crore from the Ministry of defense for the procurement of Communication Systems, with accessories, for Special Forces of Indian Air Force (IAF) and the Order has to be completed within 11 months.
The company has also stated that “We will be receiving a good portion of business from this order from Astra Rafael Comsys Private Limited, Joint Venture Company.”
Financials and others
Revenue from operations for Q1 FY26 stands at Rs 200 crore compared to Rs 155 crore in Q1 FY25 which is a YoY growth of about 29 percent . Profit after tax stands at Rs 16 crore in Q1 FY26 compared to Rs 7 crore in Q1 FY25 which is a YoY growth of 128 percent .
As of Q1 FY26, Astra Microwave Products Ltd. reported a historical order book of Rs 1,891 crore, reflecting strong business visibility. The Defence/Public segment continues to dominate, contributing Rs 1,257 crore, which accounts for 66 percent of the total order book. The Space segment follows with Rs 239 crore which is 13 percent, while Meteorological projects contribute Rs 242 crore which is 13 percent and Exports make up the remaining Rs 153 crore which is 8 percent. The total order book has marginally declined from Rs 1,952 crore as of March 31, 2025, the composition indicates sustained strength in the Defence and Space divisions, reinforcing Astra’s position as a key player in radar and microwave technologies.
Astra Microwave Products Ltd, which is engaged in Designing & Developing Radar, EW, Strategic, & Space Electronics Systems & sub-systems and has in-house capabilities of design, engineering, simulation, manufacturing, functional testing, and environmental qualification of Defence, critical microwave and radio frequency-based equipment.
The shareholding pattern as of September 2025 stands at 6.54 percent with the promoters, 6.47 percent with the FII’s , 14.55 percent with the DII’s and the remaining 72.44 percent with the public. As the majority of the stake is with the general public, the shares might be comparatively volatile.
Written by Leon Mendonca
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