Latest news with #AstraMicrowaveProducts
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.
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Business Standard
15-05-2025
- Business
- Business Standard
Defence stocks continue rally; Sika Interplant, Astra Microwave up over 9%
Shares of defence-centric companies, particularly those involved in drone technology, missile systems, and related equipment, remained in strong demand on Thursday, closing the day with sizeable gains. Sika Interplant Systems led the group with a sharp rise of 9.26 per cent, followed closely by Astra Microwave Products, which soared 9.23 per cent. Axiscades Technologies gained 5 per cent, while Taneja Aerospace & Aviation, known for its work in aviation and aerospace, climbed 4.99 per cent. Data Patterns advanced by 3.30 per cent, Paras Defence rose 3.12 per cent, and Bharat Dynamics moved up 2.35 per cent. Shares of Hindustan Aeronautics were up 2 per cent, Bharat Electronics gained 1.74 per cent, and Mishra Dhatu Nigam edged up 1.55 per cent on the Bombay Stock Exchange (BSE), news agency PTI reported. Droneacharya Aerial Innovations, a renowned drone maker, also saw its shares rise by 2 per cent. In the broader market, too, investor sentiment remained upbeat. The 30-share BSE Sensex surged 1,200.18 points, or 1.48 per cent, closing at a seven-month high of 82,530.74. The NSE Nifty followed suit, jumping 395.20 points, or 1.60 per cent, to end at 25,062.10, which is also a seven-month high. Defence sector stocks have been on a winning streak this week, registering gains since last Friday. The revived interest in defence shares follows the launch of Operation Sindoor by the Indian defence forces on May 7. The military operation intially targeted terror infrastructure inside Pakistan and Pakistan-occupied Kashmir (PoK), but following escalation by Pakistan, Indian armed forces targeted hits on key Pakistan air bases. An understanding to stop firing was reached on May 11. However, Indian air defence systems acquitted themselves commendably, successfully neutralising most of Pakistan's drone-swarm and missile attacks. "Defense stocks remain in focus, buoyed by strong domestic demand and rising export optimism, having gained nearly 11 per cent this week," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
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Business Standard
15-05-2025
- Business
- Business Standard
Private defence company stock soars 12% today; zooms 76% from March low
Share price of Astra Microwave Products today: Share price of Astra Microwave Products (Astra) soared 12 per cent to ₹1,030.10 on the BSE in Thursday's intra-day trade in an otherwise subdued market. The stock of the private aerospace & defence company hit an 11-month high. It is inching towards its record high level of ₹1,059.75 touched on June 18, 2024. In comparison, the BSE Sensex was down 0.3 per cent at 81,093 at 11:22 am. In the past one week, Astra has outperformed the market by surging 24 per cent, as compared to 2 per cent rise in the BSE Sensex. The stock has recovered 76 per cent from its 52-week low of ₹584.20 hit on March 3, 2025. Orderbook update & Outlook As on December 31, 2024, Astra's order book stood at ₹1,960.2 crores, which is executable in the next 12 to 36 months' period. The country is witnessing a rapid import substitution, increased domestic production, and growing exports, leading to an inflow of higher indigenous orders to defence public sector undertakings (PSUs). Private players like Astra may also benefit from the flow down of these orders. With the focus on increasing participation in indigenisation orders, the company said its consolidated order book stood at ₹2,332 crore as of December 2024. The defence industry is advancing steadily towards self-reliance driven by government policies, the Defence Research and Development Organisation (DRDO) innovations and global collaborations. The country is witnessing a rapid import substitution, increased domestic production and growing exports. This push towards indigenisation is expected to boost the earnings of both public and private defense companies as many defense PSUs are witnessing good order inflows with higher indigenous percentages, Astra said in Q3FY25 earnings conference call. Meanwhile, analysts believe that the order pipeline remains strong for Astra in both the domestic and export markets, considering the substantial opportunity in defence and space sectors. Management sees total orders opportunity worth ₹24,000-25,000 crore for the company over FY25-28E, primarily in defence and space electronics. Margins and profitability is expected to improve further led by execution of higher-margin domestic contracts. The company has moved up in the value chain from manufacturing subsystems/ components to development & manufacturing of various high-end, high-value systems. The Company continues to explore new opportunities and strengthen its overall capabilities through in-house development and strategic collaborations with other key players. With critical systems like microwave and radio frequency application-based equipments like Gallium Nitride (GaN) Transmit/Receive Modules (TRMs), NavIC (Navigation with Indian Constellation) chips and other key radars & EW systems, etc., analysts at ICICI Securities, believe that the company continues to improve its product mix significantly. About Astra Microwave Products Astra Microwave Products' (Astra) is engaged in the design, development and manufacture of sub-systems for Radio Frequency and microwave systems, primarily used in defence, space & meteorology. The company's product range includes radars, missile electronics, electronic warfare, satellites, MMIC (Monolithic Microwave Integrated Circuit) and communication systems Astra has 3 Automatic assembly lines for PCB Assembly, 7 Class 10K cleanrooms and 1 Class 100K clear room. The RF & Microwave Test Instruments & infrastructure extends from 30MHz up to 40GHz. In-house Environment test facilities including EMI/ EMC facility and a first for any Indian Private Industry-Near Field Antenna test and measurement range. Starting with a diverse range of microwave products like filters, transmitters, receivers, antennas, etc., the company has produced, developed & supplied space-borne hardware that has flown on Indian satellites. In addition, Astra has moved up the value chain and has supplied multiple Systems to various end users in Defence, Aerospace & Metrology segment.
