| Revenue guidance | 10.0% → 15.0% Raised by 5.0 percentage points |
|---|---|
| Management target | Revenue 18.5% FY28 |
| Revenue growth | 15-20% projected growth, currently moderate due to temporary customer approval delays. |
|---|---|
| Margins | Expected to improve with positive operating leverage and service order mix. |
| Order book | Record high at 4,300 Cr, effectively doubling recently due to Uttam. |
| Demand visibility | Strong multi-year visibility driven by indigenous defense platforms like Tejas/AMCA. |
| Management confidence | Balanced; highly confident in order book but wary of supply chains. |
Growth
Top-line target of 15%+ growth for FY27; high-technology subsystems like AESA radars drive structural volume growth.
Outlook
Targeting 1,350 Cr revenue in FY27 and 1,600 Cr in FY28 with long-term visibility of 10,000 Cr.
Risks
Global supply chain constraints and stretched lead times for critical components remain significant execution bottlenecks.
Last quarter's promises, checked
Delivered
- FY26 Revenue Guidance: INR 1,157 Cr → delivered INR 1,157 Cr (= BEAT)
- Q4 Billing Growth: 15% YoY → delivered 16% YoY (= BEAT)
- Operating Cash Flow: -99 Cr (FY25) → delivered 370 Cr (FY26) (= BEAT)
Partly delivered
- ARC JV Order Book: Guided 625 Cr → delivered 546 Cr (= MISS)
- ARC JV Profitability: Impacted by forex provisions → delivered 8 Cr PAT (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: ASTRAMICRO. Summary written with AI assistance from the document.
Astra Microwave Products Ltd: key numbers
- Share price
- ₹1,701.60
- Market cap
- ₹16,156 Cr
- Revenue (annual)
- ₹1,163 Cr
- Net profit (annual)
- ₹193.0 Cr
- P/E (TTM)
- 85.5×Sector 53.9×
- Promoter holding
- 6.54%+0.00% QoQ
- FII holding
- 10.74%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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