Buy Astra Microwave Products, target price Rs 800: ICICI Securities

ICICI Securities has buy call on Astra Microwave Products with a target price of Rs 800. The current market price of Astra Microwave Products is Rs 650.3.

Astra Microwave Products Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 6178.07 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-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 234.61 Crore, up 21.23 % from last quarter Total Income of Rs 193.53 Crore and up 5.71 % from last year same quarter Total Income of Rs 221.94 Crore. Company reported net profit after tax of Rs 40.84 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 6.54 per cent stake in the company as of 31-Dec-2023, while FIIs owned 2.94 per cent, DIIs 14.79 per cent.