NSEI:ASTRAMICRO

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Astra Microwave Products

Executive Summary

Astra Microwave Products Limited designs, develops, and manufactures sub-systems for RF and microwave systems used in defense, space, meteorology, and telecommunication applications in India.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Astra Microwave Products's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASTRAMICRO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

ASTRAMICRO

3.1%

IN Communications

6.2%

IN Market


1 Year Return

-24.2%

ASTRAMICRO

-34.5%

IN Communications

-19.9%

IN Market

Return vs Industry: ASTRAMICRO exceeded the Indian Communications industry which returned -34.5% over the past year.

Return vs Market: ASTRAMICRO underperformed the Indian Market which returned -19.9% over the past year.


Shareholder returns

ASTRAMICROIndustryMarket
7 Day4.2%3.1%6.2%
30 Day6.4%-0.6%-0.3%
90 Day-19.3%2.4%-13.4%
1 Year-24.0%-24.2%-33.9%-34.5%-18.3%-19.9%
3 Year-49.0%-50.1%-17.1%-18.5%-8.2%-13.1%
5 Year-31.1%-33.9%99.7%92.6%16.4%5.5%

Price Volatility Vs. Market

How volatile is Astra Microwave Products's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Astra Microwave Products undervalued compared to its fair value and its price relative to the market?

14.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASTRAMICRO (₹68.8) is trading above our estimate of fair value (₹2.71)

Significantly Below Fair Value: ASTRAMICRO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASTRAMICRO is good value based on its PE Ratio (14.3x) compared to the Communications industry average (18.3x).

PE vs Market: ASTRAMICRO is poor value based on its PE Ratio (14.3x) compared to the Indian market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASTRAMICRO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASTRAMICRO is overvalued based on its PB Ratio (1.2x) compared to the IN Communications industry average (0.8x).


Next Steps

Future Growth

How is Astra Microwave Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.9%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Astra Microwave Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Astra Microwave Products performed over the past 5 years?

-26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASTRAMICRO has a large one-off gain of ₹104.9M impacting its December 31 2019 financial results.

Growing Profit Margin: ASTRAMICRO's current net profit margins (9.9%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: ASTRAMICRO's earnings have declined by -26.9% per year over the past 5 years.

Accelerating Growth: ASTRAMICRO's earnings growth over the past year (86.1%) exceeds its 5-year average (-26.9% per year).

Earnings vs Industry: ASTRAMICRO earnings growth over the past year (86.1%) exceeded the Communications industry -22.5%.


Return on Equity

High ROE: ASTRAMICRO's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is Astra Microwave Products's financial position?


Financial Position Analysis

Short Term Liabilities: ASTRAMICRO's short term assets (₹5.7B) exceed its short term liabilities (₹2.6B).

Long Term Liabilities: ASTRAMICRO's short term assets (₹5.7B) exceed its long term liabilities (₹54.6M).


Debt to Equity History and Analysis

Debt Level: ASTRAMICRO's debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: ASTRAMICRO's debt to equity ratio has reduced from 30.3% to 3.4% over the past 5 years.

Debt Coverage: ASTRAMICRO's debt is well covered by operating cash flow (32.4%).

Interest Coverage: ASTRAMICRO's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Astra Microwave Products's current dividend yield, its reliability and sustainability?

0.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASTRAMICRO's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.83%).

High Dividend: ASTRAMICRO's dividend (0.36%) is low compared to the top 25% of dividend payers in the Indian market (3.47%).


Stability and Growth of Payments

Stable Dividend: ASTRAMICRO is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: ASTRAMICRO is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ASTRAMICRO is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASTRAMICRO's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Maram Reddy (52yo)

1.17yrs

Tenure

₹5,548,571

Compensation

Mr. Maram Venkateshwar Reddy, B.E.(Electronics), MBA has been Joint Managing Director of Astra Microwave Products Limited since April 1, 2019 and its Executive Director since April 29, 2013. He served as D ...


CEO Compensation Analysis

Compensation vs Market: Maram's total compensation ($USD73.44K) is above average for companies of similar size in the Indian market ($USD50.27K).

Compensation vs Earnings: Maram's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Maram Reddy
Joint MD & Executive Director1.17yrs₹5.55m0.071% 4.2m
S. Reddy
MD & Whole Time Director7.17yrs₹6.74m0.10% 6.1m
T. Anjaneyulu
Company Secretaryno data₹1.55m0.0058% 343.8k
B. V. Narasinga Rao
Chief Financial Officer1yrno datano data
A. Sarma
Senior Technical Consultant8.5yrsno datano data

1.2yrs

Average Tenure

Experienced Management: ASTRAMICRO's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Maram Reddy
Joint MD & Executive Director1.17yrs₹5.55m0.071% 4.2m
S. Reddy
MD & Whole Time Director7.17yrs₹6.74m0.10% 6.1m
Vadlamani Venkata Sastry
Independent Director4.42yrs₹445.00kno data
Atim Kabra
Non-Executive Director1yrno data3.87% 230.9m
Kiran Dhingra
Independent Director1yrno datano data
Sunil Sharma
Independent Director1.25yrs₹20.00kno data
Avinash Chander
Independent Chairman of the Board1.42yrs₹445.00kno data
Buddharaju Lakshmi Raju
Independent Director4.42yrs₹430.00kno data

2.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: ASTRAMICRO's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ASTRAMICRO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Astra Microwave Products Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astra Microwave Products Limited
  • Ticker: ASTRAMICRO
  • Exchange: NSEI
  • Founded: 1991
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: ₹5.959b
  • Shares outstanding: 86.61m
  • Website: https://www.astramwp.com

Location

  • Astra Microwave Products Limited
  • ASTRA Towers
  • Survey No.12 (P)
  • Hyderabad
  • Andhra Pradesh
  • 500084
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532493BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2003
ASTRAMICRONSEI (National Stock Exchange of India)YesEquity SharesININRApr 2003

Biography

Astra Microwave Products Limited designs, develops, and manufactures sub-systems for RF and microwave systems used in defense, space, meteorology, and telecommunication applications in India. It offers transmit/receive modules for active apertures, low power microwave sub-systems for central acquisition radar, electronic beam formers for 3-D radar, microwave receivers, high power 4-port circulators for radar applications, and limiters; data and video telemetry transmitter systems, video telemetry receivers, telemetry tracking systems, and telemetry transmitters for missile applications; and frequency synthesizers for army applications, VHF/UHF and microwave range front-end LRUs for ground surveillance applications, and VHF/UHF and microwave range biconical, dual-polarized antennas for use in ground surveillance applications. The company also provides ground based products, including coherent frequency generators, L-band modulators, switchable routers, V/UHF T/R modules, and Ka-band indoor/outdoor units; and on–board products, such as C-band T/R modules, SSPA screening, power dividers, X-band phase shifters, power amplifiers, S-band transmitters, RISAT antenna, switch matrix, Ku-band receivers and beacon sources, and C-band MMIC receivers for space applications. In addition, it offers MSS terminals for communication during disasters and automatic weather stations for data collection; GSM and CDMA repeaters, RF and optical mobile jammers, tower mounted amplifiers and boosters, and band pass and CDMA rejection filters for use in telecom applications; and non-linear junction detectors, RFID solutions, tower mounted amplifiers, and industrial security systems for security applications. Further, the company offers automatic weather stations for remote data collection and met towers for meteorology applications. It also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 06:09
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.