According to reports from Moneycontrol, Astra Microwave has achieved a record order book position, which provides a strong foundation for future growth. The company's defence sector focus has positioned it well to capitalize on government procurement initiatives in the strategic technology segment. Latest developments show the company has secured record quarterly order inflow of ₹28.95 billion, driving significant growth momentum in the defence sector.
As of September 24, 2026, Astra Microwave shares are trading at ₹1,599.5 on NSE/BSE, representing a decline of ₹2.59 from the previous closing. The stock has fluctuated between ₹1,593.3 and ₹1,608.5 during the trading session. Over the past year, the company has achieved a return of 44.71%, though it has declined 3.77% in the last month alone. The company's market capitalization stands at ₹15,211.10 crore as of September 24, 2026.
As reported by Moneycontrol, the stock currently trades at a premium valuation of 47x FY28E earnings, which appears justified given the company's strong earnings outlook. This valuation multiple reflects investor confidence in the company's growth trajectory and market positioning in the defence sector. The company's PE ratio stands at 87.01 and PB ratio at 131.4 as of September 24, 2026.
According to Moneycontrol, the company's strong defence pipeline supports its growth prospects, with the record order book positioning Astra Microwave favorably for future business execution. The defence sector focus provides strategic advantages in government procurement cycles and technology development initiatives. The company has demonstrated strong execution capabilities, having completed 10 ground surveillance radars for Border Security Force in 2020 and 10 X-band doppler weather radars for India Meteorology Department in 2021.
In recent years, Astra Microwave has expanded its capabilities significantly, incorporating a subsidiary for space business and launching Doppler weather Radar (DWR) in various frequency bands in FY25. The company has also initiated the process to demerge its Space, Meteorology and Hydrology business into a separate entity called Astra Space Technologies Private Limited subject to regulatory approvals. This strategic restructuring positions the company for focused growth in its core defence and space segments while maintaining its strong order book foundation.
