About
Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, civil, and telecommunication applications in India. It offers radar electronics, including active antenna array units, transmit receive (T/R) modules, wideband T/R modules, solid state power amplifiers, receivers, exciters, central units, antenna and electronic beam forming units, digital receivers, array group and monopulse receivers, waveform generators, and MMIC; and electronic warfare products comprising wideband and ultra-wideband subsystems, antennas, EDLVA and BLI super components, EW simulators, DIFM receivers, front end receivers, up and down convertors, and homodyne receivers. The company also provides strategic electronics and telemetry, such as command guidance units, radio proximity fuse, transponder, phased array-based telemetry tracking system, sub-systems for gimbal based and AESA seeker, and ground and air-borne data link systems; and data and video telemetry transmitters, receivers, and decoders, as well as PCM encoders, integrated telemetry transponders, auto-track antenna systems, and high-altitude proximity sensors. In addition, it offers ground-based systems consist of sub-systems for multi-object tracking radar, coherent frequency generators, modulators, switchable routers, V/UHF T/R modules, and Ka-band indoor/outdoor units; sub-systems for SAR payloads, geostationary satellites, and remote sensing satellites, as well as fabrication of flight sub-systems and screening; automatic weather stations, agromet meteorological stations, water level measurement, and automatic rain gauge, as well as avalanche, wind profile, and weather radars; global navigation satellite systems; unmanned ground vehicles; and homeland security products. The company also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 176.21 | 487.22 | 258.24 | 212.96 | 197.26 | 404.79 | 256.66 | 228.83 | 153.95 | 352.58 | 229.81 | 188.99 | 132.88 |
| Expenses | 143.04 | 327.32 | 178.34 | 166.79 | 158.84 | 285.08 | 182.08 | 179.94 | 130.70 | 272.09 | 163.03 | 147.38 | 128.25 |
| Operating Profit | 33.17 | 159.90 | 79.90 | 46.17 | 38.42 | 119.71 | 74.58 | 48.89 | 23.25 | 80.49 | 66.78 | 41.61 | 4.63 |
| OPM % | 18.82 | 32.82 | 30.94 | 21.68 | 19.48 | 29.57 | 29.06 | 21.37 | 15.10 | 22.83 | 29.06 | 22.02 | 3.48 |
| Other Income | 2.42 | 7.10 | 3.34 | 5.80 | 2.54 | 11.08 | 2.36 | 2.28 | 2.24 | 2.86 | 3.72 | 3.56 | 2.19 |
| Depreciation | 11.62 | 12.72 | 11.12 | 9.99 | 9.27 | 10.99 | 9.43 | 6.11 | 8.12 | 6.30 | 6.52 | 6.19 | 5.57 |
| Interest | 10.81 | 14.44 | 12.87 | 13.29 | 14.44 | 19.00 | 14.75 | 12.39 | 10.16 | 9.18 | 7.78 | 5.71 | 6.95 |
| Profit before tax | 13.16 | 139.84 | 59.25 | 28.69 | 17.25 | 100.80 | 52.76 | 32.67 | 7.21 | 67.87 | 56.20 | 33.27 | -5.70 |
| Tax % | 25.38 | 24.73 | 34.40 | 27.85 | 24.70 | 25.51 | 26.80 | 25.19 | 27.32 | 25.77 | 25.20 | 25.31 | -24.56 |
| Net Profit | 9.82 | 105.26 | 38.88 | 20.70 | 13.00 | 75.09 | 38.62 | 24.45 | 5.23 | 50.39 | 42.04 | 24.86 | -4.30 |
| EPS in Rs | 1.03 | 11.09 | 4.10 | 2.18 | 1.37 | 7.91 | 4.07 | 2.58 | 0.55 | 5.31 | 4.43 | 2.62 | -0.45 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,156.00 | 1,044.00 | 904.00 | 807.00 | 735.00 | 589.00 | 462.00 | 286.00 | 357.00 | 391.00 | 407.00 | 623.00 |
| Expenses | 831.00 | 778.00 | 710.00 | 657.00 | 648.00 | 523.00 | 372.00 | 253.00 | 245.00 | 285.00 | 306.00 | 512.00 |
| Operating Profit | 325.00 | 267.00 | 194.00 | 150.00 | 87.00 | 66.00 | 90.00 | 33.00 | 112.00 | 106.00 | 100.00 | 111.00 |
| OPM % | 28.00 | 26.00 | 21.00 | 19.00 | 12.00 | 11.00 | 19.00 | 12.00 | 31.00 | 27.00 | 25.00 | 18.00 |
| Other Income | 19.00 | 18.00 | 12.00 | 6.00 | 7.00 | 12.00 | 12.00 | 24.00 | 8.00 | 6.00 | 8.00 | 6.00 |
| Interest | 55.00 | 57.00 | 30.00 | 29.00 | 20.00 | 24.00 | 14.00 | 13.00 | 15.00 | 15.00 | 14.00 | 15.00 |
| Depreciation | 43.00 | 35.00 | 25.00 | 23.00 | 22.00 | 23.00 | 25.00 | 29.00 | 27.00 | 24.00 | 24.00 | 22.00 |
| Profit before tax | 245.00 | 193.00 | 152.00 | 103.00 | 53.00 | 31.00 | 63.00 | 17.00 | 79.00 | 73.00 | 71.00 | 81.00 |
| Tax % | 27.00 | 26.00 | 25.00 | 26.00 | 24.00 | 24.00 | 24.00 | 25.00 | 23.00 | 17.00 | 21.00 | 25.00 |
| Net Profit | 178.00 | 143.00 | 113.00 | 77.00 | 40.00 | 24.00 | 47.00 | 13.00 | 61.00 | 60.00 | 56.00 | 61.00 |
| EPS in Rs | 18.73 | 15.10 | 11.90 | 8.85 | 4.65 | 2.76 | 5.47 | 1.45 | 7.01 | 6.95 | 6.51 | 7.42 |
| Dividend Payout % | 13.00 | 15.00 | 17.00 | 18.00 | 30.00 | 43.00 | 22.00 | 17.00 | 17.00 | 14.00 | 18.00 | 16.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 19.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 16.00 |
| Reserves | 1,272.00 | 1,071.00 | 949.00 | 636.00 | 572.00 | 543.00 | 530.00 | 486.00 | 484.00 | 434.00 | 380.00 | 274.00 |
| Borrowings | 288.00 | 419.00 | 227.00 | 170.00 | 60.00 | 100.00 | 52.00 | 14.00 | 94.00 | 131.00 | 67.00 | 89.00 |
| Other Liabilities | 382.00 | 325.00 | 271.00 | 224.00 | 308.00 | 255.00 | 258.00 | 96.00 | 78.00 | 63.00 | 82.00 | 102.00 |
| Total Liabilities | 1,961.00 | 1,833.00 | 1,466.00 | 1,047.00 | 958.00 | 915.00 | 857.00 | 613.00 | 674.00 | 645.00 | 547.00 | 481.00 |
| Fixed Assets | 262.00 | 228.00 | 169.00 | 165.00 | 158.00 | 151.00 | 158.00 | 176.00 | 193.00 | 148.00 | 135.00 | 139.00 |
| CWIP | 9.00 | 0.00 | 13.00 | 2.00 | 0.00 | 0.00 | 12.00 | 2.00 | 1.00 | 37.00 | 1.00 | 0.00 |
| Investments | 48.00 | 38.00 | 38.00 | 37.00 | 37.00 | 50.00 | 37.00 | 44.00 | 131.00 | 63.00 | 3.00 | 0.00 |
| Other Assets | 1,641.00 | 1,568.00 | 1,246.00 | 842.00 | 764.00 | 715.00 | 650.00 | 390.00 | 349.00 | 397.00 | 407.00 | 341.00 |
| Total Assets | 1,961.00 | 1,833.00 | 1,466.00 | 1,047.00 | 958.00 | 915.00 | 857.00 | 613.00 | 674.00 | 645.00 | 547.00 | 481.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 376.00 | -99.00 | -187.00 | -22.00 | 101.00 | -12.00 | -27.00 | 2.00 | 174.00 | 21.00 | 60.00 | -2.00 |
| Cash from Investing Activity | -86.00 | -73.00 | -43.00 | -28.00 | -27.00 | -4.00 | -5.00 | 84.00 | -95.00 | -126.00 | -21.00 | -27.00 |
| Cash from Financing Activity | -196.00 | 142.00 | 234.00 | 76.00 | -67.00 | 23.00 | 32.00 | -99.00 | -59.00 | 41.00 | 22.00 | 9.00 |
| Net Cash Flow | 94.00 | -30.00 | 3.00 | 26.00 | 7.00 | 7.00 | 0.00 | -14.00 | 21.00 | -64.00 | 61.00 | -20.00 |
| Free Cash Flow | 294.00 | -174.00 | -235.00 | -55.00 | 73.00 | -15.00 | -44.00 | -11.00 | 141.00 | -51.00 | 38.00 | -35.00 |
| CFO/OP % | 138.00 | -22.00 | -77.00 | 3.00 | 138.00 | -7.00 | -10.00 | 39.00 | 168.00 | 35.00 | 59.00 | -2.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 217.00 | 274.00 | 203.00 | 127.00 | 101.00 | 157.00 | 196.00 | 242.00 | 192.00 | 205.00 | 159.00 | 66.00 |
| Inventory Days | 378.00 | 379.00 | 335.00 | 279.00 | 280.00 | 254.00 | 309.00 | 299.00 | 255.00 | 242.00 | 199.00 | 113.00 |
| Days Payable | 72.00 | 47.00 | 58.00 | 31.00 | 37.00 | 31.00 | 52.00 | 51.00 | 34.00 | 37.00 | 67.00 | 56.00 |
| Cash Conversion Cycle | 523.00 | 605.00 | 479.00 | 375.00 | 344.00 | 380.00 | 452.00 | 489.00 | 413.00 | 410.00 | 291.00 | 122.00 |
| Working Capital Days | 266.00 | 284.00 | 269.00 | 180.00 | 174.00 | 192.00 | 216.00 | 312.00 | 153.00 | 231.00 | 217.00 | 97.00 |
| ROCE % | 19.00 | 18.00 | 18.00 | 18.00 | 11.00 | 9.00 | 13.00 | 4.00 | 16.00 | 16.00 | 20.00 | 28.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Sep 2025 | 10 Sep 2025 | — | 2.20 | |
| Dividend | 23 Aug 2024 | — | — | 2.00 | |
| Dividend | 23 Aug 2023 | — | — | 1.60 | |
| Dividend | 11 Aug 2022 | — | — | 1.40 | |
| Dividend | 17 Aug 2021 | — | — | 1.20 | |
| Dividend | 01 Sep 2020 | — | — | 1.20 | |
| Dividend | 06 Aug 2019 | — | — | 0.25 | |
| Dividend | 19 Jul 2018 | — | — | 1.20 | |
| Dividend | 19 Jul 2017 | — | — | 1.00 | |
| Dividend | 20 Jul 2016 | — | — | 1.20 | |
| Dividend | 21 Jul 2015 | — | — | 1.20 | |
| Dividend | 22 Jul 2014 | — | — | 1.10 | |
| Dividend | 19 Sep 2013 | — | — | 0.80 | |
| Dividend | 19 Jul 2012 | — | — | 0.70 | |
| Dividend | 19 Jul 2011 | — | — | 0.50 | |
| Bonus | 30 Dec 2010 | 31 Dec 2010 | 1:2 | — | |
| Dividend | 21 Sep 2010 | — | — | 0.50 | |
| Dividend | 22 Jul 2009 | — | — | 0.50 | |
| Dividend | 18 Sep 2008 | — | — | 0.25 | |
| Dividend | 26 Jul 2007 | — | — | 1.00 | |
| Dividend | 17 Jul 2006 | — | — | 1.00 | |
| Bonus | 07 Oct 2005 | 15 Oct 2005 | 1:1 | — | |
| Dividend | 14 Jul 2005 | — | — | 5.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Aug from crisil
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Rating update11 Dec 2025 from crisil
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Rating update3 Jul 2025 from crisil
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Rating update4 Oct 2024 from crisil
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Rating update28 Feb 2024 from crisil
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Rating update15 May 2023 from crisil
Conference Calls
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