Power Semiconductors

Astra Microwave Products

ASTRAMICRONSEMid Cap

Live₹1,168.8syncing…

RF, microwave and millimeter-wave electronics for defence, space and telecom; strategic semiconductor exposure.

Market Cap

₹11.1k cr

Price

1169

1Y 65%

Direct exposure

65/100

0–100 directness

Hold / Watchlist

Fundamental

42/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

91/ 100

A+

Trend, momentum, volume and relative strength composite

Valuation

32/ 100

Higher = cheaper vs peers and own history

Final composite

57/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Astra Microwave Products · ASTRAMICRO

₹1,168.8+60.36% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

42/ 100D

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 46

Red flags -4

Growth quality/ 20

9.5

Rev 1Y 15.9% · 3Y CAGR 12.7%

Margin & profitability/ 15

9.9

EBITDA 19.4% · PAT 13.5%

Return on capital/ 20

10.1

ROCE 18% · ROE 15%

Cash flow quality/ 15

0.0

OCF/EBITDA -91% · FCF yield -2.1%

Leverage discipline/ 10

8.7

Net Debt/EBITDA 0.40x

Reinvestment runway/ 8

4.6

ROCE × retention proxy

Accounting quality/ 7

0.0

OCF conversion proxy

Governance/ 5

3.6

Pledge 0.0% · Risk 28/100

Red flags (1)

− Weak cash conversionOCF/EBITDA -91% < 50%-4

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

91/ 100A+

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 91

Trend structure/ 20

19.8

Above 200DMA · -2% from 52W high

Momentum velocity/ 15

15.0

RSI(14) 64 · 1M 6.0%

Volume dynamics/ 15

10.5

Bucket: Mid Cap

Relative strength/ 15

15.0

RS vs Nifty 38%

MA cluster/ 10

10.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

7.0

RSI(14) 64; ideal 50-60

Volatility profile/ 8

6.8

Bucket: Mid Cap

Pattern integrity/ 7

7.0

Trend continuation proxy

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Power Semiconductors · 65/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 28/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Defence-led RF/microwave franchise with strong order book; valuations rich but tailwinds intact.

Bull case

+Defence indigenization tailwind
+Long execution order book
+Improving margins

Bear case

−Low promoter holding
−Order lumpiness
−Government order timing

Key monitorables

Order inflows from defenceWorking capital daysMargin trajectory

Semiconductor exposure

How direct, how visible

Primary segment

Power Semiconductors

All segments

Power Semiconductors, Electronics End Markets

Exposure type

Indirect / pull-through

Policy beneficiary

Yes

Import substitution

High

Governance risk score

28/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

15.9%

Rev CAGR (3Y)

12.7%

EBITDA margin

19.4%

PAT margin

13.5%

ROCE

18%

ROE

15%

OCF / EBITDA

-91%

Net Debt / EBITDA

0.4x

Promoter holding

13.5%

Promoter pledge

0.0%

Valuation

P/E (TTM)

67.6

Forward P/E

36.0

EV/EBITDA

53.9

EV/Sales

10.4

P/B

11.5

FCF Yield

-2.1%

Dividend Yield

0.20%

Hist. percentile

70%

Peer percentile

65%

Technicals

RSI(14)

1M return

6.0%

1Y return

65%

From 52W high

-2%

RS vs Nifty

38%

>200 DMA

Yes

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹1.1k cr	₹1.1k cr	₹917 cr	₹813 cr	₹742 cr	₹601 cr	₹474 cr
↳ YoY growth	+3.2%	+15.9%	+12.8%	+9.5%	+23.6%	+26.8%	—
EBITDA	₹284 cr	₹206 cr	₹155 cr	₹94 cr	₹76 cr	₹96 cr	₹54 cr
↳ EBITDA margin	25.9%	19.4%	16.9%	11.6%	10.2%	16.0%	11.5%
PAT	₹148 cr	₹143 cr	₹113 cr	₹77 cr	₹40 cr	₹24 cr	₹47 cr
↳ PAT margin	13.5%	13.5%	12.3%	9.4%	5.4%	4.0%	10.0%
OCF	₹-99 cr	₹-187 cr	₹-22 cr	₹101 cr	₹-12 cr	₹-27 cr	₹2 cr
↳ OCF / EBITDA	-34.8%	-91.0%	-14.0%	107.0%	-15.9%	-28.2%	2.9%
FCF (= OCF − capex)	₹-172 cr	₹-231 cr	₹-50 cr	₹74 cr	₹-16 cr	₹-32 cr	₹2 cr
Total Equity	₹1.1k cr	₹968 cr	₹653 cr	₹590 cr	₹561 cr	₹547 cr	₹503 cr
Total Assets	₹1.8k cr	₹1.5k cr	₹1.0k cr	₹958 cr	₹916 cr	₹857 cr	₹614 cr
↳ ROE	13.5%	14.8%	17.3%	13.0%	7.2%	4.4%	9.4%
↳ ROA	8.1%	9.8%	10.8%	8.0%	4.4%	2.8%	7.7%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.0%

Promoter

6.5%

Mutual Funds

14.0%

FII

7.6%

Public

70.5%

Promoter holding trend

6.5

Mar

6.5

Jun

6.5

Sep

6.5

Dec

6.5

Mar

6.5

Jun

6.5

Sep

6.5

Dec

6.5

Mar

Δ:+0.0% over 9 quarters

Commentary

·Very low promoter holding (6.5%) — alignment risk
·No pledge
·70.5% public-held

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Acceptable returns on capital, room for sharper allocation.

ROCE 18%, div yield 0.2%

Promoter holding

Low promoter holding — alignment risk.

13.5%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Comfortable leverage band.

Net Debt/EBITDA 0.40x

Cash conversion

Weak cash conversion — investigate working capital and quality of earnings.

OCF/EBITDA -91%

Governance composite

Some watchpoints; nothing disqualifying.

28/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Continued execution and policy tailwinds. The market has rewarded Astra Microwave Products for delivery and is paying a premium for what comes next.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Working capital blowout disclosed in next quarterly result
×Multiple compression on a single weak earnings print

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation