Astra Microwave Products Shows Strong Growth Amid Evaluation Adjustment in Aerospace Sector
Astra Microwave Products, a midcap in the Aerospace & Defense sector, has recently experienced a change in its evaluation. The company showcases strong debt management with a low Debt to EBITDA ratio and impressive operating profit growth. It reported significant PAT growth and record net sales, maintaining a solid performance track record.
Astra Microwave Products, a midcap player in the Aerospace & Defense sector, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape surrounding the stock, with indicators showing a transition from a bullish to a mildly bullish stance. The company has demonstrated a strong ability to manage its debt, evidenced by a low Debt to EBITDA ratio of 0.62 times. Astra Microwave's operating profit has exhibited healthy growth, increasing at an annual rate of 32.76%. In the latest quarter, the company reported a PAT of Rs 73.49 crore, marking a significant growth of 118.7% compared to the previous four-quarter average. Additionally, net sales reached a record high of Rs 407.85 crore.
Despite the recent evaluation adjustment, Astra Microwave has maintained a solid performance track record, generating an 8.96% return over the past year and consistently outperforming the BSE500 index over the last three years. The stock's valuation remains on the higher side, with a ROCE of 16.4 and an enterprise value to capital employed ratio of 7.2, indicating a premium compared to its peers.
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