Astra Microwave Products - Key Player In Radars, Sub-Systems: Motilal Oswal

Motilal Oswal Report

At the current price of Rs 910, Astra Micorwave Products Ltd. is trading at 76 times price/earning and 44.9 times enterprise value/Ebitda on FY24 financials.

Astra Micorwave Products expects to capitalize on strong growth prospects in the defense sector by-

1. moving up the value chain from manufacturing sub-systems for OEM customers to manufacturing complete systems,

2. entering into collaborations and JVs for complex projects,

3. providing comprehensive solutions to clients,

4. diversifying revenue mix,

5. increasing the share of higher-margin domestic orders vs. exports, and

6. maintaining a strong balance sheet.

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