Astra Microwave Products is a small cap company with a marketcap of ₹ 3,433 Crore, and a PE ratio of 62.4. The promoters share holding is decreasing and currently stands at 6.54% (for the quarter ending June 2023).
Should this concern you as an investor? Let’s find out.
Astra Microwave Products Limited (AMPL) is a leading RF and microwave technology company founded in 1991. It specializes in designing and manufacturing cutting-edge solutions for defense, space, telecommunications, meteorology, and civil communication. With four manufacturing units, two R&D centers, and a track record of collaborating with government agencies and international OEMs, AMPL is a key player in delivering advanced RF and microwave subsystems and systems for critical applications.
With a client portfolio that includes Indian Government Laboratories, Indian Defense Public Sector Undertakings, and foreign OEMs, Astra’s strategic significance cannot be overstated.
Astra Microwave Products has seen remarkable milestones, a diversified revenue stream, and a solid order book that extends into the future. With a focus on enhancing domestic revenues and improving margins, the company is poised for an exciting trajectory.
Join us as we explore the potential of Astra Microwave Products and analyze whether it can achieve the coveted target of 1000 INR per share in the years leading up to 2030.
Key Points about Astra Microwave Products Ltd.
Astra Microwave Products Limited (AMPL) has a remarkable 30+ year journey since its inception in 1991.
Founded by a team of distinguished scientists and engineers, AMPL specializes in designing, developing, and producing high-end RF and Microwave subsystems and systems for strategic applications.
Over the years, the company has expanded significantly, boasting three production units, two R&D units (including a space-qualified facility), and impressive assembly and test facilities.
AMPL is known for its commitment to quality, holding ISO 9001:2008 and AS 9100D certifications, and it has contributed substantially to various defense and space initiatives in India, aligning with the vision of AtmaNirbhar Bharat.
Astra Microwave Products Q1 FY2024 Results: Summary and Key Points
AMPL recently announced their Q1 FY2024 results. Let’s have a look at its short summary.
- Astra Microwave Products Ltd reported a significant decline in Q1 FY2024 total income, which stood at ₹135.72 crores, down by 47.68% compared to the previous quarter (Q4 FY2023).
- The company posted a substantial loss of ₹6.74 crores for Q1 FY2024, in contrast to a net profit of ₹13.52 crores in Q4 FY2023, reflecting a sharp decrease of 149.81%.
- Earnings per share (EPS) for Q1 FY2024 were reported at -₹0.73, marking a decrease of 146.79% from the EPS of ₹1.56 in Q4 FY2023.
- On a year-on-year basis, Astra Microwave Products Ltd also witnessed a decline in total income by 16.68%, from ₹162.89 crores in Q1 FY2023 to ₹135.72 crores in Q1 FY2024.
- The company reported a net loss of ₹6.74 crores in Q1 FY2024, contrasting with a net profit of ₹8.10 crores in Q1 FY2023, indicating a significant decrease of 183.14%. EPS for Q1 FY2024 was -₹0.73 compared to ₹0.94 in Q1 FY2023.
Astra Microwave Products in Recent News
- Astra Microwave’s stock experiences an increase following the issuance of a Qualified Institutional Placement.
- The company’s board of directors allocated 8.333 million shares with a face value of Rs 2 each to qualified institutional buyers.
You can buy shares of Astra Microwave Products in India through various brokerage platforms.
Some well-known brokerage companies that provide trading services for purchasing shares include:
- Zerodha
- Upstox
- ICICI Direct
- HDFC Securities
- Sharekhan
- Kotak Securities
- Angel Broking
- 5Paisa
- Motilal Oswal
- Axis Direct
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
| When | Maximum Price | Minimum Price |
| August 2023 | ₹374.65 | ₹336.95 |
| September 2023 | ₹372.17 | ₹304.70 |
| October 2023 | ₹318.13 | ₹284.66 |
| November 2023 | ₹275 | ₹231.36 |
| December 2023 | ₹316.76 | ₹251.60 |
As of 22nd August, 2023, AstraMicro is trading at Rs. 361.50 with a marketcap of Rs. 3,433 crore.
Technically looking at the chart, the price looks bearish.
Throughout the first half of 2023, Astra Microwave Products has exhibited a consistent upward momentum in its stock value, however, next half could be bearish.
Commencing at a maximum price of ₹374.65 in August 2023, the share price could keep falling till November, 2023 and reach a minimum of Rs. 231.36.
By December 2023, the trend could reverse and AstraMicro could close trading in between ₹316.76 and ₹251.60.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹334.65 | ₹273.18 |
| February 2024 | ₹352.71 | ₹300.18 |
| March 2024 | ₹376.77 | ₹303.72 |
| April 2024 | ₹394.93 | ₹323.41 |
| May 2024 | ₹387.18 | ₹336.68 |
| June 2024 | ₹414.28 | ₹360.25 |
| July 2024 | ₹426.71 | ₹371.05 |
| August 2024 | ₹435.25 | ₹378.48 |
| September 2024 | ₹443.95 | ₹386.05 |
| October 2024 | ₹451.17 | ₹392.32 |
| November 2024 | ₹469.22 | ₹408.02 |
| December 2024 | ₹478.60 | ₹416.18 |
Astra Microwave Products is poised for a promising future in 2024, as the company’s share price is expected to continue its upward trend. Starting from a price near 300 in January 2023, it is anticipated to steadily climb to ₹478.60 by December. This consistent growth suggests an optimistic outlook for the company’s share price in the coming year, with the potential for further increases. In December 2024, the share price is projected to range from a minimum of ₹416.18 to a maximum of ₹478.60, reflecting a healthy upward trend.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹488.17 | ₹375.52 |
| February 2025 | ₹513.87 | ₹395.28 |
| March 2025 | ₹524.15 | ₹403.19 |
| April 2025 | ₹518.96 | ₹399.20 |
| May 2025 | ₹508.78 | ₹391.37 |
| June 2025 | ₹521.50 | ₹401.15 |
| July 2025 | ₹529.44 | ₹407.26 |
| August 2025 | ₹548.64 | ₹422.03 |
| September 2025 | ₹559.62 | ₹430.47 |
| October 2025 | ₹570.81 | ₹439.08 |
| November 2025 | ₹554.18 | ₹426.29 |
| December 2025 | ₹565.27 | ₹434.82 |
In 2025, Astra Microwave Products is anticipated to continue its upward trajectory, with the share price expected to reach new heights. Starting at ₹488.17 in January, it is projected to steadily climb throughout the year, ultimately reaching ₹375.52 by December. This consistent growth signifies a positive outlook for the company’s share price in 2025. In December 2025, the share price is forecasted to range from a minimum of ₹434.82 to a maximum of ₹565.27, reflecting a strong upward trend.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹650.06 | ₹455.04 |
| 2027 | ₹552.55 | ₹386.78 |
| 2028 | ₹718.31 | ₹481.27 |
| 2029 | ₹933.81 | ₹653.66 |
| 2030 | ₹980.50 | ₹686.35 |
The future appears promising for Astra Microwave Products, as its share price is expected to witness a consistent upward trend from 2026 to 2030. Starting at ₹455.04 in 2026, the share price is projected to steadily rise, reaching ₹980.50 by 2030. This sustained growth reflects a positive outlook, showcasing the potential for significant gains in the coming years.
Astra Microwave Products Financial Condition (Last 5 Years)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
| Sales (Crore Rs) |
293 | 467 | 641 | 750 | 816 |
| Expenses (Crore Rs) |
263 | 380 | 564 | 663 | 670 |
| Operating Profit (Crore Rs) |
31 | 88 | 77 | 87 | 145 |
| OPM % | 10% | 19% | 12% | 12% | 18% |
| Other Income (Crore Rs) |
25 | 12 | 11 | 6 | 5 |
| Interest (Crore Rs) |
13 | 15 | 26 | 21 | 31 |
| Depreciation (Crore Rs) |
29 | 26 | 24 | 22 | 24 |
| Profit before Tax (Crore Rs) |
13 | 59 | 39 | 50 | 96 |
| Tax % | 27% | 26% | 25% | 25% | 27% |
| Net Profit (Crore Rs) |
10 | 44 | 29 | 38 | 70 |
| EPS in Rs | 1.13 | 5.08 | 3.33 | 4.37 | 8.06 |
| Dividend Payout % | 22% | 24% | 36% | 32% | 20% |
Astra Microwave Products has displayed a consistent growth trajectory in its financial performance over the past five years. Starting in 2019 with sales of 293 units, the company steadily increased its revenue year by year, reaching an impressive 816 units in 2023. Despite a gradual rise in expenses, Astra effectively managed its operating costs, resulting in a substantial boost in operating profit, from 31 units in 2019 to 145 units in 2023.
Notably, the operating profit margin (OPM %) also showed resilience, indicating prudent financial management. Additionally, the company’s consistent profitability is evident in the growth of net profit, which soared from 10 units in 2019 to a robust 70 units in 2023. This remarkable financial performance, accompanied by a prudent dividend payout policy, reflects Astra Microwave Products’ strong and sustainable financial condition over the last five years.
ICICI Securities recommends purchasing Astra Microwave Products with a target price of Rs 425.
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FAQs
Based on our analysis, Astra Microwave Products is expected to see a steady increase in its share price, with a projected range of ₹434.82 (minimum) to ₹565.27 (maximum) by December 2025. Investors can anticipate a positive trajectory for the company’s shares over the next few years.
Looking ahead to 2030, the analysis indicates a promising outlook for Astra Microwave Products. The share price is expected to reach ₹980.50 (maximum) and ₹686.35 (minimum) to maintain its upward trend, potentially reaching higher levels. While specific targets may vary, the trend suggests continued growth.
Is it worthwhile to invest in Astra Microwave Products for the long term?
Investing in Astra Microwave Products for the long term appears promising, considering the consistent growth in share prices projected in the analysis. However, it’s crucial for investors to diligently research and take into account their financial objectives and willingness to bear risks before finalising their investment choices.
Will the Astra Microwave Products stock grow?
Yes, the analysis suggests that Astra Microwave Products’ stock is likely to grow in the foreseeable future. The consistent upward trajectory in share prices over the analyzed years indicates a positive trend for the company.
Can Astra Microwave Products reach ₹1000 INR?
While the analysis does not provide an exact target of ₹1000 INR, the projected growth in share prices suggests that Astra Microwave Products has the potential to achieve this milestone in the coming years. However, it’s essential to monitor the company’s performance and market conditions for a more precise assessment.
Conclusion: Should you invest in Astra Microwave Products (AMPL) in 2023?
In simple terms, when we look at Astra Microwave Products, things look good for the future, but there might be some difficulties in the short term. It’s a good idea to wait and buy their shares only if the price goes down by around 30% or more.
While the share price could reach ₹1000 INR in the next few years, there’s a thing to keep in mind: right now, the Price-to-Earnings ratio is quite high at 62.4. This means that the stock might be too expensive compared to how much the company is making. This high price might be because a lot of investors are really hopeful about the company’s future. The company itself seems strong, with good financial numbers like Return on Capital Employed (17.1%) and Return on Equity (11.4%).
But here’s the catch: it’s important to be careful and think about things like how the market can go up and down a lot and how the economy is doing. Even though the company has potential to grow, it’s smart to be cautious. Before investing, it’s good to do your homework, have different types of investments, and think about the long term. Astra Microwave Products seems like it could do well in the future, but making smart choices is really important to make sure you earn money in this changing market.
What did we learn?
- 1 Key Points about Astra Microwave Products Ltd.
- 2 Astra Microwave Products Q1 FY2024 Results: Summary and Key Points
- 3 Astra Microwave Products in Recent News
- 4 How to buy Astra Microwave Products Shares in India?
- 5 Astra Microwave Products Share Price Target 2023 to 2025
- 6 Astra Microwave Products Financial Condition (Last 5 Years)
- 7 Astra Microwave Products Share Price Target By Brokerage Firms and Experts
- 8 FAQs
- 8.1 What is the share price target for Astra Microwave Products by 2025?
- 8.2 What is the share price target for Astra Microwave Products by 2030?
- 8.3 Is it worthwhile to invest in Astra Microwave Products for the long term?
- 8.4 Will the Astra Microwave Products stock grow?
- 8.5 Can Astra Microwave Products reach ₹1000 INR?
- 9 Conclusion: Should you invest in Astra Microwave Products (AMPL) in 2023?
