Scheme of Arrangement
Astra Microwave Receives Scheme No-Objection Letters
Astra Microwave received no-adverse-observation and no-objection letters from BSE and NSE for the proposed demerger of its space, meteorology and hydrology business.
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Aerospace & Defense
Aerospace & Defense
14,402 Cr
Low Risk
76.2
44.1
4.9
11.8
1,960.00
835.90
Sales CAGR
Profit CAGR
ROE
ROCE
Astra Microwave Products Ltd (ASTRAMICRO) is currently trading at 1,516.85 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Astra Microwave Products Limited designs and manufactures high-performance RF and microwave modules, sub-systems and systems for defense, space, meteorology and civil communications, supplying radars, transmit‑receive modules, MMICs and related subsystems from its manufacturing and R&D facilities in Telangana and Bangalore. Q1 FY27 performance was modest at INR182 crores revenue but management secured a landmark Uttam Radar order in July 2026 that doubled the order book to about INR4,300 crores, materially improving multi‑year revenue visibility and underpinning management’s INR1,350 crore revenue target for FY27 with continued multi‑year growth ambitions. The company is demerging its Space, Meteorology and Hydrology business into a separate listed entity, with management planning to launch a satellite within six months of the new entity listing and targeting an initial run rate materially above prior standalone space revenue, signalling a strategic shift to productized space services and data monetization. Astra is scaling both product and systems businesses: demonstrated first‑of‑kind EM wall and vehicle‑mounted counter‑drone systems, developing MMIC and SSPA components for DRDO and OEMs, and driving a JV with Rafael that has an order book and guidance for material revenue contribution in FY27, offering upside through exports and new system sales. Management reiterated a target of over 15% year‑on‑year top line growth, stable to slightly improved margins versus FY26, and an ambition to multiply scale several fold over the next five years while emphasizing execution risks, supply‑chain resilience and investments in automated processes and human capital to meet larger program commitments.
Over the past 52 weeks, Astra Microwave Products Ltd has traded between a low of ₹835.90 and a high of ₹1,960.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Astra Microwave Products Ltd has a market capitalization of approximately 14,979.00. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Astra Microwave Products Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 79.24 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 14,979.00 Cr, Astra Microwave Products Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Astra Microwave Products Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Astra Microwave Products Ltd is 79.24. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
The board approved a scheme to demerge its Space, Meteorology and Hydrology business into Astra Space Technologies Private Limited.
The call narrative cited Q1 FY27 revenue of ₹182 crore, while the event summary also listed standalone revenue of ₹176.2054 crore and consolidated revenue of ₹176.6622 crore.
The company has scheduled a board meeting on 10 August, 2026 to consider and approve Q1 FY27 unaudited results for the quarter ended 30 June, 2026.
The order is worth Rs 250.58 crore, including taxes, awarded by Hindustan Aeronautics Ltd. (HAL) on April 1, 2026.
