Astra Microwave Products - Latest updates

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Stock surge: Shares of Astra Microwave Products zoom on bagging orders worth Rs 158 crore

Astra Microwave Products (AMPL) designs, develops and manufactures sub-systems for RF and microwave systems used in defence, space, meteorology, and telecommunication.

Astra Microwave Products has bagged orders worth Rs 158 crore for the supply of Satellite sub-systems, Airborne Radar and sub-systems of Radar and EW projects. The company has bagged orders from DRDO, ISRO and DPSUs. In the first quarter of the current fiscal, the company logged a revenue of Rs 132.9 crore against Rs 161.2 crore for Q1 of FY23.

The geographical spread of total revenue for the quarter stands as follows — India 40% and exports 60% which was completely the other way around in FY23, i.e., India 60% and exports 40%. The gross margins slipped to 27.5% for Q1 of FY24 against 35.1% in Q1 of FY23 last year on the decline in gross margins, which is mainly due to higher contribution from the export business.

AMW reported subdued Q1FY24 earnings as performance was mainly impacted by a higher proportion of export sales and low-margin domestic sales. As high-margin domestic orders are likely to be executed from Q3FY24, the prospects remain bright.

Astra Microwave Products is currently trading at Rs 391, up by 21 points or 5.68% from its previous closing of Rs 370 on the BSE. The scrip opened at Rs 388.05 and touched a high and low of Rs 398.60 and Rs 377.65, respectively. So far 162821 shares have been traded on the counter.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high of Rs 398.60 and a 52-week low of Rs 213.15. Last one week high and low of the scrip stood at Rs 398.60 and Rs 346.30, respectively. The current market cap of the company is Rs 3702.86 crore. The promoters holding in the company stood at 6.54%, while Institutions and Non-Institutions held 12.89% and 80.58%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.

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Heavy buying witnessed in this defence sector stock which gained over 140% in just one year

The company is expanding into space projects with a new subsidiary and are positioned to benefit from India’s push for domestic defence manufacturing.

Shares of Astra Microwave Products Limited gained about 10% today. The stock has witnessed heavy buying activity from investors. The company has today informed that it secured orders valued at Rs. 385.58 crore from Bharat Electronics Limited (BEL), Ghaziabad, a domestic entity. This contract involves supplying MPR sub-systems within a 36-month timeframe. The substantial order value of Rs. 385.58 crore signifies a positive development for Astra Microwave.

Astra Microwave Products Limited has delivered multi-fold returns to its shareholders in the last one year. During this period, the company’s share price surged from Rs 222.20 on March 29, 2024, to Rs 585.85 on March 28, 2024, representing an increase of over 140% in a one-year holding period. An investment of Rs 1 lakh in this company’s shares one year ago would have grown to Rs 2.40 lakh today.

Financial Performance
In Q3FY24, the company posted an 4.86% increase in its consolidated revenue at Rs 231.02 crore compared to Rs 220.30 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 69.74 crore, while the PAT of the company stood at Rs 40.84 crore, from Rs 27.80 crore last year same quarter. The company has an order book of Rs 1,813 crore as of February, 2024.

Business Overview
Astra Microwave Products Limited (AMPL) designs, develops and manufactures sub-systems for RF and microwave systems used in defence, space, meteorology and telecommunication. Being a company with a strong R&D background, the company has undertaken production of equipment from R&D labs to reduce the production lead times. It has also demonstrated its capability to provide complete solutions from concept to product realization using in house engineering.

Stock Price Movement
Today, the stock opened at Rs 543.40, with a high and low of Rs 621.95 and Rs 543.40, respectively. The stock is currently trading at Rs 610.45, which increased by 12.12%. The stock has a 52-week high of Rs 690.00 and a 52-week low of Rs 217.85. The company has a ROCE of 17.1% and an ROE of 11.4%, with a market capitalization of Rs 5,782 crore.

The stock of ASTRAMICRO has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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looking forward to get good returns!!

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Excellent analysis of the stock!!

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Astra Microwave Bags Rs 56 Crore Order for Precision Approach Radar System

Astra Microwave Products Limited has secured a significant order worth Rs. 56 crore from Hindustan Aeronautics Limited, Bangalore. This contract involves the supply, installation, testing, and commissioning of a Precision Approach Radar (PAR) system.

The PAR system plays a crucial role in aviation safety, guiding pilots during landings in low-visibility conditions. This project strengthens Astra Microwave’s position in the defence electronics sector and showcases its expertise in advanced radar technology. The order includes a 10-year Annual Maintenance Contract (AMC), ensuring continued support for the PAR system. This win highlights Astra Microwave’s commitment to providing reliable and high-quality solutions to the domestic defence market.

Recently, the company informed that it secured orders valued at Rs. 385.58 crore frm Bharat Electronics Limited (BEL), Ghaziabad, a domestic entity. This contract involves supplying MPR sub-systems within a 36-month timeframe.

Financial Performance

In Q3FY24, the company posted a 4.86% increase in its consolidated revenue at Rs 231.02 crore compared to Rs 220.30 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 69.74 crore, while the PAT of the company stood at Rs 40.84 crore, from Rs 27.80 crore last year same quarter. The company has an order book of Rs 1,813 crore as of February 2024.

Business Overview

Astra Microwave Products Limited (AMPL) designs, develops and manufactures sub-systems for RF and microwave systems used in defence, space, meteorology, and telecommunication. Being a company with a strong R&D background, the company has undertaken the production of equipment from R&D labs to reduce the production lead times. It has also demonstrated its capability to provide complete solutions from concept to product realization using in-house engineering.

Stock Price Movement

Today, the stock opened at Rs 600.45, with a high and low of Rs 633.75 and Rs 600.45, respectively. The stock is closed trading at Rs 627.90, which increased by 5.41%. The stock has a 52-week high of Rs 690.00 and a 52-week low of Rs 217.85. The company has a ROCE of 17.1% and an ROE of 11.4%, with a market capitalization of Rs 5,961.60 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.