Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, and telecommunication applications in India. It offers radar electronics, including active antenna array units, TR modules, wideband TR modules, solid state power amplifiers, receiver exciters, central units, antenna beam forming units, all receiver subsystems, array group and monopulse receivers, waveform generators, and MMIC; electronic warfare comprising antennas, EDLVA and BLI super components, EW simulators, DIFM receivers, front end receivers, up/down convertors, and homodyne receivers; and strategic electronics and telemetry, such as command guidance units, radio proximity fuze, phased array based telemetry tracking system, sub-systems for gimbal based and AESA seeker, ground and air-borne data link systems, data and video telemetry transmitters, transponders, encoders and decoders, and telemetry receivers, as well as L, S, C, and X-Band transponders. The company also provides ground-based systems consisting of sub-systems for multi-object, tracking radar, coherent frequency generators, L-band modulators, 8x8 switchable routers for earth station, V/UHF T/R modules for ST radar, and Ka-band indoor/outdoor units; S-level (on-board) / flight model systems, which includes sub-systems for SAR payloads, geostationary satellites, and remote sensing satellites; water level measurement, agromet meteorological stations, automatic rain gauge, automatic weather stations, mini boundary layer masts, 50m tower masts, and agro met towers; and perimeter surveillance system and non-linear junction detector. In addition, it offers MMIC testing and assembly, and contract manufacturing services, as well as products for homeland security. The company also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India.

Astra Microwave Products Limited

9 Summits Tech is a tech innovation firm that specializes in IT and software solutions, including integration solutions, cybersecurity, artificial intelligence, digital transformation, ERP solutions, and outsourcing.

9 Summits Tech

Vertigo Technologies B. V. provides innovative solutions for the microwave and mm-wave test and measurement markets. The company develops hardware and software tools to enhance accuracy in the fields of (bio)material testing, sub-THz large signal characterization, and planar VNA calibrations.

Vertigo Technologies B. V.

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and microelectro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. The company's non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It offers electronic manufacturing services, including PCB assembly and testing, precision machining and fabrication, opto electronic components and assemblies, microwave integrated circuit assemblies, super components modules, cable assemblies and wiring harnesses, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. Further, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. It provides security architecture conceptualization and consulting, and information security audit services. The company also exports its products to the United States, France, China, Germany, Switzerland, ASEAN countries, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is based in Bengaluru, India.

Bharat Electronics Limited

Astra Microwave Products Ltd. develops and produces RF and microwave subsystems and systems for applications in defence, space, meteorology, and homeland security. Self-described as focusing on advanced technological solutions and systems integration.

Metric
Company Name	Astra Microwave Products Limited	9	Vertigo Technologies B. V.	Bharat Electronics Limited
Symbol	ASTRAMICRO			BEL
MSH ID	COM:ASTRAMWP	COM:NINESUMMITSTECH	COM:VERTIGO-TECH	IN:BEL-INDIA
Market	STOCKS	PRIVATE	PRIVATE	STOCKS
Sector	Technology	Technology	Technology	Industrials
Industry	Communication Equipment	Information Technology	Testing and Measurement	Aerospace & Defense
Country	IN	AE	NL	IN
Stage
Employee Count	1.10K			11.46K
Website	astramwp.com	ninesummitstech.com	vertigo-tech.com	bel-india.in
LinkedIn		ninesummitstech
Founders

Metric
Market Cap	1.03B	28.95B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	107.30M	2.39B
Revenue (LTM)
Revenue (NTM)
Gross Profit	26.47M	798.00M
EBITDA	22.62M	595.79M
Operating Income	19.67M	543.46M
Net Income	14.29M	470.42M
EPS	0.15	0.06
Diluted EPS	0.15	0.06
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.38	0.43
Operating Profit Margin	0.22	0.25
EBITDA Margin	0.21	0.25
Net Profit Margin	0.15	0.20
Return on Equity	0.16	0.34
Return on Assets	0.09	0.11
Return on Capital Employed	0.19	0.30

COM:ASTRAMWP

Astra Microwave Products Ltd.

Last Close

748.75

25/11 09:40

Market Cap

87.37B

Beta: -

Volume Today

188.33K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	94.89	37.37
P/B Ratio	7.04	9.00
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	10.19	12.22
EV Multiple	44.50	48.10

Metric
Days Sales Outstanding	129.15	159.44
Days Payables Outstanding	35.99	111.00
Days Inventory Outstanding	319.22	225.20
Operating Cycle	522.10	359.00
Cash Conversion Cycle	470.09	246.92
Asset Turnover	0.63	0.53

Metric
Operating Cash Flow	-22.82M	602.01M
Free Cash Flow	-28.42M	524.97M
Cash Flow to Debt	0.21	14.03
Operating Cash Flow/Sales	0.06	0.05
Free Cash Flow Yield

Metric
Cash & Equivalents	15.46M	1.31B
Accounts Receivable	-26.25M	-140.52M
Inventory	60.75M	879.19M
Goodwill
Debt to Capitalization	0.20	0.00
Debt to Assets	0.06	0.00
Current Ratio	3.75	1.51
Quick Ratio	1.66	1.30

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue				0.00
SG&A to Revenue				0.03