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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Astra Microwave Products Limited is engaged in the business of designing, developing, and manufacturing and supplying value-added radio frequency and microwave super components, sub-systems and systems. Its products include AESA AAAU: AAAU for Uttam Radar, PPTR: Pulsed Phased…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, priced for perfection — but flagged on governance.
Astra Microwave is scored on the general / industrial framework. It keeps a healthy 16.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.00× reported profit. Free cash flow is worth about 2.0% of its market value.
Over the last 3 years revenue compounded at 13%/yr and profit at 40%/yr. Book value itself has compounded 27%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 14.7%. In the latest quarter profit fell 88% versus the prior quarter.
At 77× earnings, the stock sits at the 88th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~28%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.17 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 78.14 | 15.79 | worse |
| P/B | 11.62 | 6.56 | worse |
| EV/EBITDA | 41.95 | 33.11 | worse |
| ROE | 14.68 | 12.03 | better |
| ROCE | 18.89 | 14.8 | better |
| ROA | 9.51 | 7.69 | better |
| Quick Ratio | 1.94 | 2.14 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
Revenue has grown every year across all 4 financial years shown. 13% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (40% vs 13%) — margin expansion is at work.
Operating margin has expanded from 12% to 22% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 15% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (40% vs 36%) — share dilution is eroding per-share value. 36% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 2.0× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 64% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (64% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 39% above earlier ones.
Profit fell 88% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (11% → 7%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 6.5% — widely held; sentiment-driven. FII stake up 4.2pp over 4 quarters — growing foreign interest. MF holding up 3.3pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.