Latest news with #AstraMicrowaveProducts
Business Standard
06-08-2025
- Business
- Business Standard
Astra Microwave rises on bagging Rs 135-cr order from DRDO
Astra Microwave Products added 2.30% to 971 after the company received an order worth Rs 135 crore from Defence Research and Development Organisation (DRDO) for upgradation of ground based radar system. The execution of the order is scheduled to be completed within a period of 18 months. The company clarified that neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded the contract. Additionally, the transaction does not fall under the category of related party transactions, eliminating the requirement for evaluation on an arms length basis. Astra Microwave Products is engaged in design, development, manufacture and supply of high value added RF and microwave super components, sub-systems and systems finding for Defense, Space, Telecom, Meteorology and Civil communication applications. The companys consolidated net profit jumped 35.1% to Rs 73.49 crore on 15.2% rise in revenue from operations to Rs 407.85 crore in Q4 FY25 over Q4 FY24.
Mint
31-07-2025
- Business
- Mint
FIIs bought these three microcap stocks. Should you add them to your watchlist?
Foreign Institutional Investors (FIIs) are quietly picking up microcap stocks, and the smart money usually knows something the crowd doesn't. Microcaps are typically seen as high-risk, low liquidity plays that aren't on the radar of big institutions. But in 2025, the script is flipping. From under-the-radar companies to surprise multibaggers, here are the microcap gems where FIIs are building their positions in 2025. These stocks are picked from the Nifty Microcap 250 Index. Dive in to see which ones made the cut. #1 Astra Microwave Products Astra Microwave Products designs, develops, and manufactures subsystems for radio frequency and microwave systems used in defence, space, meteorology, and telecommunication. Its clientele includes Indian government laboratories, Indian defence Public Sector Undertakings (PSUs), Indian Space Research Organisation, and foreign OEMs, Adani Defence, L&T, HAL, and IITM. The company has five manufacturing units in Hyderabad and a near-field test range unit in Bengaluru. The company is scaling up in technology and manufacturing, with a diversified portfolio and deep in-house capabilities. To develop the electro-optics product line, the company plans to expand the origin 21.30 like in the SDR (special drawing rights) product portfolio. It's bidding for the whole system - the complete radar system - for both DRDO and defence ministry's future requirements. The strategic focus on indigenisation, product depth, and new business lines (space, anti-drone, SDR) positions Astra as a key beneficiary of India's defence and space modernisation. FIIs increased their holding in this company by about 1.17% in June 2025. The company is exploring the areas of anti-drone, EW, satellites, SDRs, and electro-optics through joint ventures. The company has opportunities of around ₹24,000-25,000 crore till FY28 due to the government's increased budget on defence and other sectors. As of Q1 FY26, the total order book stands at ₹2,100 crore. The company expects to maintain profit before tax margin profile around 18% for FY26. It expects to achieve revenue of ₹2000 crore in five to six years. Coming to the financials, the company's revenue has grown at a CAGR of 25.4% in the last five years, while its net profit has grown at a CAGR of 65.5%. The five-year average return on equity (RoE) is 8.6% and return on capital employed (RoCE) is 15.3%. For FY25, the company reported revenue of ₹1,051 crore(up 15.6%), net profit of ₹154 crore(up 27.3%), with a net profit margin of 14.7%. #2 Paras Defence and Space Technologies Paras Defence is a private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions. It's one of India's leading players in the defence and space sector. The company has 2 manufacturing units in Navi Mumbai and Ambernath. Paras has formed a JV with world's leading exclusive EO/IR company to manufacture world class EO/IR systems in India for various platforms including drones. The cabinet committee on security has approved launch of 52 spy satellites for ₹27,000 crore to boost space surveillance. Paras is a prominent private sector India company working towards the same. The company's clientele includes HAL, ISRO, DRDO, Bharat Electronics, Godrej, TATA Power, Elbit Systems, Controp, Cochin Shipyard, Goa Shipyard, Tonbo Imaging, Singapore Electronics, etc. FIIs increased their holding in this company by about 1.61% in June 2025. The company anticipates 20-30% revenue growth in FY26 and aims to be India's leading anti-drone company and among the top five drone companies by FY27. Coming to the financials, the company's revenue has grown at a CAGR of 10.4% in the last five years, while its net profit has grown at a CAGR of 9.6%. The five-year average return on equity (RoE) is 8.3% and return on capital employed (RoCE) is 13.3%. For FY25, the company reported revenue of ₹365 crore (up 43.7%), with a net profit margin of 16.7%. #3 Fiem Industries It's engaged in the business manufacturing and supply of auto components like automotive lighting. The company has a significant market share in automotive lighting & signalling equipment and rearview mirrors for two-wheeler and four-wheeler OEMs. Fiem operates nine manufacturing units across India in Kundli (Haryana), Hosur (Tamil Nadu), Nalagarh (Himachal Pradesh), Tapukara (Rajasthan), and Ahmedabad (Gujarat). It has a strong client base of 50 plus OEMs, including Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield, and Hyundai. The management plans to invest ₹80-100 crore in FY26, in line with a long-term capex guidance of next three years. As per company officials, there is no impact from China rare earth export ban on the supply chain or EV business at present. FIIs increased their holding in this company by about 1.69% in June 2025. The company has guided 15-20% topline growth for next three-five years, citing diversified product and customer mix. Coming to the financials, the company's revenue has grown at a CAGR of 11.9% in the last five years, while its net profit has grown at a CAGR of 21.1%. The five-year average return on equity (RoE) is 16% and return on capital employed (RoCE) is 22.4%. In FY25, the company reported revenue of ₹2420 crore (up 19.4%), net profit of ₹205 crore (up 23.5%), with a net profit margin of 8.5%. Conclusion The accumulation of microcap stocks by foreign institutional investors can potentially be a signal. Although microcaps come with higher risks — volatility, liquidity constraints, and regulatory sensitivities — they also offer potential opportunities to turn small investments into multibaggers. Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making an investment decision. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
Mint
04-07-2025
- Business
- Mint
Bharat Dynamics, HAL, BEML to Cochin Shipyard: Defence stocks surge on govt's ₹1.05 lakh crore procurement drive
Defence stocks such as Paras Defence, BEML, Hindustan Aeronautics, Bharat Electronics, and others rallied on Friday after the government approved acquisition of ₹ 1.05 lakh crore worth of new defence equipment. The gains in defence stocks lifted the Nifty Defence India index by 1.4%. Paras Defence and Space Technologies emerged as the top gainer among index constituents, surging 8%. Other gainers included Mishra Dhatu Nigam, Astra Microwave Products, BEML, Unimech Aerospace and Manufacturing, Cochin Shipyard, Bharat Dynamics, Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders and BEL, all of which rose between 1-2% each. The Ministry of Defence's Defence Acquisition Council (DAC) on Thursday cleared capital acquisition proposals worth nearly ₹ 1.05 lakh crore. The 10 capital acquisition proposals are set to be carried out through indigenous sourcing from Indian companies. The Acceptance of Necessity (AoN) is for defence equipment like the procurement of Armoured Recovery Vehicles, an Electronic Warfare System, an Integrated Common Inventory Management System for the Tri-Services, and Surface-to-Air Missiles for the Indian Army, Navy, and Air Force. Defence stocks have been on a sharp upward trajectory, driven by the government's strategic focus on enhancing self-reliance in defence manufacturing and fostering domestic innovation. 'With strong structural tailwinds — including increased recognition of India's defence capabilities following recent geopolitical developments, rising global demand for defence exports, NATO's enhanced defence spending, Europe's rearmament plans, and the Indian government's ongoing push for indigenization — we maintain a positive outlook on the Indian defence sector,' said Krishna Doshi, Research Analyst at Ashika Institutional Equities Doshi highlighted several companies that are well-positioned to benefit from the government's latest defence procurement approvals worth ₹ 1.05 lakh crore. These include: Bharat Dynamics – A key player in missile manufacturing Bharat Electronics – A leader in radar systems and electronic warfare Cochin Shipyard – Expected to benefit from orders for underwater and autonomous vessels Mazagon Dock Shipbuilders – Active in building destroyers and mine countermeasure vessels Garden Reach Shipbuilders & Engineers – Likely to gain from patrol vessel contracts Other potential beneficiaries, according to Doshi, include Paras Defence & Space Technologies, Data Patterns, and Astra Microwave Products, which are positioned to tap into various niche opportunities within India's evolving defence ecosystem.
Business Standard
22-05-2025
- Business
- Business Standard
Astra Microwave Products consolidated net profit rises 35.09% in the March 2025 quarter
Sales rise 15.22% to Rs 407.85 crore Net profit of Astra Microwave Products rose 35.09% to Rs 73.49 crore in the quarter ended March 2025 as against Rs 54.40 crore during the previous quarter ended March 2024. Sales rose 15.22% to Rs 407.85 crore in the quarter ended March 2025 as against Rs 353.96 crore during the previous quarter ended March 2024. For the full year,net profit rose 26.79% to Rs 153.51 crore in the year ended March 2025 as against Rs 121.07 crore during the previous year ended March 2024. Sales rose 15.66% to Rs 1051.18 crore in the year ended March 2025 as against Rs 908.82 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 407.85353.96 15 1051.18908.82 16 OPM % 29.0422.80 - 25.5921.08 - PBDT 110.2177.69 42 238.78183.99 30 PBT 99.1271.28 39 203.74159.01 28 NP 73.4954.40 35 153.51121.07 27
Hans India
17-05-2025
- Business
- Hans India
Defence stocks hog limelight Paras Defence zooms 19%
New Delhi: Shares of defence-related firms, including those of drone manufacturers, makers of missiles and allied equipment, surged on Friday in continuation to their ongoing winning run. The stock of Paras Defence and Space Technologies zoomed 18.90 per cent, Data Patterns rallied 9.25 per cent, Astra Microwave Products surged 7.10 per cent, Hindustan Aeronautics jumped 5.40 per cent, Mishra Dhatu Nigam soared 4.63 per cent, Bharat Electronics climbed 3.87 per cent and Bharat Dynamics went up by 1.95 per cent on the BSE. Shares of drone manufacturer Droneacharya Aerial Innovations climbed 2 per cent. In the equity market, the 30-share BSE Sensex declined 200.15 points or 0.24 per cent to settle at 82,330.59. The NSE Nifty dropped 42.30 points or 0.17 per cent to 25,019.80. Defence stocks ended higher on Thursday, Wednesday, Tuesday, Monday, and last Friday as well.
