Archive · 18 Dec 2025
Motilal Oswal Initiates Coverage on Astra Microwave
Astra Microwave Products is a company that makes defence and aerospace electronics.
A financial company called Motilal Oswal thinks this company is a good investment.
They say the company's stock could go up by 24-25% in the next few years.
The company has a lot of orders, which means it will make more money.
They also think the company will make better profits in the future.
The company's stock has done really well in the past, going up by 616% in five years.
Motilal Oswal thinks this is a good time to buy the stock.
However, they also say that the improvements in the company's efficiency will happen slowly.
Motilal Oswal initiates coverage on Astra Microwave Products with a 'Buy' rating and a target price of ₹1,100, indicating a 24-25% upside potential.
The company is expected to benefit from rising order inflows from the Ministry of Defence and other defence segment projects.
Astra Microwave Products has a strong order book of ₹22 billion, providing revenue visibility for the next three years.
The brokerage projects revenues to grow at a CAGR of 18% over FY25–FY28, with margins improving to 26% by FY28.
The company's stock has delivered impressive returns, with a 616% rally over five years, despite recent pressure in the small-cap space.
- Who
- Astra Microwave Products, Motilal Oswal
- What
- Motilal Oswal initiates coverage on Astra Microwave with a 'Buy' rating and a target price of ₹1,100, indicating a 24-25% upside potential.
- When
- Recent months, with projections for FY25–FY28
- Where
- India
- Why
- Strong order book, transition to system solutions, and growing defence and meteorology orders.
Buy Rating
Cautious Outlook
Growth Potential
Buy Rating
Motilal Oswal predicts a 24-25% upside with strong revenue growth and improving margins.
Cautious Outlook
The brokerage cautions that working capital efficiency improvements will be gradual.
- Company
- Astra Microwave Products
- Brokerage
- Motilal Oswal
- Rating
- Buy
- Target Price
- ₹1,100
- Upside Potential
- 24-25%
- Order Book
- ₹22 billion
- Revenue CAGR (FY25–FY28)
- 18%
- Projected Margins (FY28)
- 26%
- Valuation (FY27)
- 38 times estimated earnings
- Total Addressable Market (FY28)
- ₹24,000-25,000 crore
