Astra Microwave Products Ltd. (ASTRAMICRO) AI Stock Analysis

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Astra Microwave Products Ltd.

(NSE:ASTRAMICRO)

Select Model

Rating:56Neutral

Price Target:INR 1,778.00▼(-0.51% Downside)

Action:downgraded

Date:11/01/26

The score is anchored by strong financial performance (revenue and profitability expansion and improving leverage), but is meaningfully reduced by weak technical momentum (below key moving averages with negative MACD) and a demanding valuation (high P/E with low dividend yield).

Positive Factors

Consistent Revenue GrowthSustained revenue expansion across 2021–2026 indicates broadening business activity and continued demand for the company’s offerings. This provides a durable base for operating leverage, reinvestment, and further earnings growth over the next several quarters.

Negative Factors

Historically Volatile Cash GenerationRepeated periods of negative operating and free cash flow indicate that accounting profitability has not consistently converted into cash. This volatility can constrain internally funded investment and make liquidity more dependent on working-capital timing or external financing.

Astra Microwave Products Ltd. (ASTRAMICRO) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 164.00B
Dividend Yield: 0.14%
Average Volume (3M): 21.34K
Price to Earnings (P/E): 86.8
Beta (1Y): 0.91
Revenue Growth: 4.02%
EPS Growth: 16.28%
Country: India
Employees: 1,880
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Astra Microwave Products Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Hyderabad, India, Astra Microwave Products Limited, established in 1991, is a leading designer, developer, and manufacturer of advanced radio frequency (RF) and microwave sub-systems. These sophisticated solutions are vital for appli...

Astra Microwave Products Ltd. Financial Statement Overview

Summary

Strong income statement with consistent revenue growth and major margin expansion through 2026, plus a generally healthy balance sheet with declining debt-to-equity in 2026. The main constraint is cash-flow quality: multiple years of negative operating/free cash flow prior to a sharp improvement in 2026, making sustainability the key risk.

Income Statement

86Very Positive

Balance Sheet

78Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	11.40B	11.63B	10.51B	9.09B	8.16B	7.52B
Gross Profit	4.67B	3.82B	4.56B	3.45B	2.82B	2.09B
EBITDA	3.48B	3.60B	2.70B	1.92B	1.48B	935.68M
Net Income	1.89B	1.93B	1.54B	1.21B	698.29M	378.71M
Balance Sheet
Total Assets	0	19.88B	18.51B	14.74B	10.57B	9.69B
Cash, Cash Equivalents and Short-Term Investments	2.53B	2.42B	981.69M	1.26B	1.06B	760.17M
Total Debt	0	2.88B	4.24B	2.38B	1.85B	704.03M
Total Liabilities	-13.15B	6.73B	7.53B	5.08B	4.14B	3.83B
Stockholders Equity	13.15B	13.15B	10.98B	9.66B	6.43B	5.86B
Cash Flow
Free Cash Flow	2.24B	2.78B	-1.62B	-2.25B	-593.61M	867.36M
Operating Cash Flow	2.38B	3.55B	-901.47M	-1.82B	-254.71M	1.15B
Investing Cash Flow	-168.43M	-916.24M	-763.22M	-435.75M	-281.94M	-259.74M
Financing Cash Flow	-1.44B	-1.58B	1.41B	2.32B	747.81M	-787.36M

Astra Microwave Products Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price1787.20

Price Trends

50DMA1626.95Positive

100DMA1685.79Positive

200DMA1376.56Positive

Market Momentum

MACD-2.76Negative

RSI63.77Neutral

STOCH80.59Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASTRAMICRO, the sentiment is Positive. The current price of 1787.20 is above the 20-day moving average (MA) of 1582.50, above the 50-day MA of 1626.95, and above the 200-day MA of 1376.56, indicating a bullish trend. The MACD of -2.76 indicates Negative momentum. The RSI at 63.77 is Neutral, neither overbought nor oversold. The STOCH value of 80.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASTRAMICRO.

Astra Microwave Products Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ASTRAMICRO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:HFCL	74Outperform	INR 316.22B	37.00	―	0.09%	101.01%	2852.77%
IN:ASTRAMICRO	56Neutral	INR 157.46B	86.75	―	0.14%	4.02%	16.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STLTECH	55Neutral	INR 344.88B	46.28	―	―	63.47%	―
IN:ITI	52Neutral	INR 238.64B	91.33	―	―	-41.28%	―
IN:TEJASNET	47Neutral	INR 74.55B	-9.21	―	0.60%	-70.27%	-100.11%
IN:NELCO	46Neutral	INR 17.41B	476.06	―	0.12%	6.15%	-7.36%

* General Sector Average

Performance Comparison

IN:ASTRAMICRO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ASTRAMICRO	Astra Microwave Products Ltd.	1787.20	789.67	79.16%
IN:HFCL	HFCL Limited	210.05	134.22	177.01%
IN:ITI	ITI Limited	251.05	-65.40	-20.67%
IN:NELCO	Nelco Limited	808.60	-45.10	-5.28%
IN:STLTECH	Sterlite Technologies Limited	711.60	592.70	498.49%
IN:TEJASNET	Tejas Networks Ltd.	420.70	-99.40	-19.11%

Astra Microwave Products Ltd. Corporate Events

Astra Microwave Shareholders Approve All Resolutions at 35th AGM

Sep 18, 2026

Astra Microwave Products Ltd. has reported the outcome of its 35th Annual General Meeting held on September 18, 2026, which was conducted via video conference in compliance with SEBI’s listing regulations. The company used remote e-voting prior to th...

Astra Microwave Sets Virtual AGM, Urges Shareholders to Update KYC Details

Aug 22, 2026

Astra Microwave Products Ltd. has notified shareholders and stock exchanges that its 35th Annual General Meeting will be held on 18 September 2026 via video conferencing and other audio-visual means. The company has provided a dedicated web link and...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 01, 2026

Astra Microwave Products Ltd. AI Stock Analysis