Through its 'Make in India' approach, the company offers customized manufacturing solutions, and aims to grow its revenues to Rs 2,000 Crore in the next five to six years. The company has approved an in-principle demerger of Space, Meteorology and Hydrology business with target listing by Q1 FY28.
Cyborg Score Rationale
Astra Microwave posted its best Q3 with ₹258cr revenue and ₹80cr EBITDA at 30.9% margin, with 9M revenue reaching ₹668cr and an order book at ₹2,226cr. The company benefits from strategic government partnerships and a strong order pipeline, though faces execution challenges and elevated valuations.
Top Insights
Q3 FY26 was Astra's best quarter with ₹258 Cr revenue and 30.9% EBITDA margin, reaching ₹668 Cr in 9-month revenue with 10.9% PAT margin
Board approved in-principle demerger of Space, Meteorology and Hydrology business into Astra Space Technologies with target listing by Q1 FY28
Order book stands at ₹2,226 Cr with MOU signed with BEL, signaling strong defense sector collaboration
Elevated P/E ratio of 57.3x reflects high growth expectations but poses valuation risk relative to order execution pace
Named Competitors
Bharat Electronics Limited (BEL) — State-owned Indian electronics and defense company with broader portfolio
Hindustan Aeronautics Limited (HAL) — Major aerospace and defense manufacturer with electronics divisions
Recent Developments
(February 2026) Board approved in-principle demerger of Space, Meteorology and Hydrology business into Astra Space Technologies
(February 2026) CFO Rahul Rungta resigned; Srinivasarao Devathi appointed as new CFO effective Feb 12, 2026
(February 2026) Q3 FY26 results showing record ₹258 Cr revenue and ₹80 Cr EBITDA
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