Astra Microwave Products Limited designs and manufactures high-value RF and microwave components and sub-systems for Defence, Space, and Civil communication applications.
The company has built strong customer relationships by getting involved early in new product development. Its products are widely used in VSAT systems, radars, navigation equipment, and public mobile trunk radio.
With a market capitalization of Rs.10,292.04 crores, the shares of Astra Microwave Products Limited were trading at Rs.1,084, down 0.52 percent from its previous day’s closing price of Rs. 1,089.70.
In Q1FY25, the company generated its revenue primarily from three key sectors. The largest portion, 65.2 percent, came from the defence sector. The next largest contributor was Exports, which accounted for 21 percent of the total revenue. Space sector contributed 11.5 percent, and the remaining 2.3 percent is generated by the Meteorological and Others segment.
Following Q1FY25 in Q1 FY26, the company generated the majority of its revenue, 86.4 percent, from the Defence sector. This marks an increase from the previous fiscal year, Q1FY25, when the Defence sector contributed 65.2 percent of the total revenue.
The contribution from Exports saw a decrease from 21 percent in Q1FY25 to 10 percent in Q1 FY26. The revenue share from the Space sector also dropped from 11.5 percent in Q1FY25 to just 2.4 percent in Q1 FY26.
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Astra Microwave Products Limited earns revenue primarily by designing and manufacturing high-value RF and microwave components and sub-systems. Its products are used across the Defence, Space, and Civil communication sectors.
The company generates income from supplying components for applications such as radars, navigation systems, VSAT operations, public mobile trunk radio networks, WLL, and cellular GSM/DCS or PCS networks. Early involvement in product development with clients also strengthens long-term business relationships and recurring revenue opportunities.
In the opening of Q1FY26, the company’s operating revenue rose to Rs.200 crore from Rs.155 crore in Q1FY25. Net profit also grew to Rs.16 crore compared to Rs.7 crore a year earlier. The return on equity is 14 percent, and the return on capital employed is 18 percent. With the continuation, the stock is trading at a P/E of 64.98 with an industry average of 71.83.
Written By Jhanavi Sivakumar
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