Buy Astra Microwave Products, target price Rs 250: ICICI Direct

ICICI Direct has buy call on Astra Microwave Products with a target price of Rs 250. The current market price of Astra Microwave Products is Rs 218.05. Time period given by analyst is one year when Astra Microwave Products Ltd. price can reach defined target.

Astra Microwave Products Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 1886.40 Crore) operating in Defence sector.

Astra Microwave Products Ltd. key Products/Revenue Segments include Microwave Components, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 203.44 Crore, up 11.56 % from last quarter Total Income of Rs 182.37 Crore and up 11.60 % from last year same quarter Total Income of Rs 182.30 Crore. Company reported net profit after tax of Rs 11.32 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 8.71 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.43 per cent, DIIs 0.58 per cent.