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The government’s focus on indigenisation, increasing usage of electronics in defence and space, strong order backlog, healthy orders pipeline and execution of high-margin domestic orders would drive earnings of Astra Microwave Products in the coming period, according to ICICI Securities.

ICICI Securities says 'buy' Astra Microwave, stock zooms 9%

Astra Microwave Products has bagged multiple orders from DRDO, ISRO and DPSU. These include:1. Order worth Rs 16.8 crore for supply of satellite sub-systems and weather data processing system from ISRO. 2. Order worth Rs 120.44 crore for supply of Satellite sub-systems and airborne radar from DRDO. 3. Order worth Rs 20.8 crore for supply of radar and EW sub-systems from DPSU. 

Astra Microwave Products wins orders worth Rs 158 cr

The orders are for supplying satellite sub-systems, airborne radar and sub-systems of radar and EW projects. Astra Microwave Products designs and manufactures high-value-added RF and microwave super components and sub-systems that find application in defence, space, and civil communication systems.On a consolidated basis, Astra Microwave Products reported net loss of Rs 6.74 crore in Q1 June 2023 as against net profit of Rs 8.10 crore in Q1 June 2022. Net sales declined 17.49% YoY to Rs 133.73 crore in Q1 June 2023.

Astra Microwave spurts after order wins

The orders are from ISRO, DRDO and Defence Public Sector Undertakings for supplying satellite sub-systems, airborne radar and sub-systems of radar, the company has said

Astra Microwave up on bagging Rs 158-crore from ISRO, others

ICICI Securities is bullish on Astra Microwave Products recommended buy rating on the stock with a target price of Rs 425 in its research report dated August 15, 2023.

Buy Astra Microwave Products; target of Rs 425: ICICI Securities

Astra Microwave Standalone June 2023 Net Sales at Rs 132.88 crore, down 17.55% Y-o-Y

Astra Microwave Consolidated June 2023 Net Sales at Rs 133.73 crore, down 17.49% Y-o-Y

Astra Microwave Products announced that the 32th Annual General Meeting (AGM) of the company will be held on 30 August 2023.

Astra Microwave Products to conduct AGM

Earlier instances of bull markets in broader equities have seen microcap earnings yield spread over largecaps drop to near-zero versus current spread of 150-200 bps

Benchmarks at all-time highs: Time to check out microcaps?

Astra Microwave Standalone March 2023 Net Sales at Rs 256.34 crore, up 7.31% Y-o-Y

Astra Microwave Products Ltd. engages in the design, development, anmanufacture of sub-systems for radio frequency and microwave systems used in defense, space, meteorology and telecommunication. The firm operates through the In India, and Outside India geographical segments. Its products include defence, space, meteorology, security, and others. The company was founded by Bhumi Reddy Malla Reddy, Chenna Reddy Prameelamma and Prakash Anand Chitrakar on September 13, 1991 and is headquartered in Hyderabad, India.

Watchers	41
52-Wk Low	213.30
52-Wk High	444.00

Market Cap	40.1B
Volume (M)	374,921.00
52-Wk High	444.00
52-Wk Low	213.30

ASTRAMICRO.NSE Astra Microwave Products Ltd.

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