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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comAstra Microwave Products Ltd is a key player in India’s defence and aerospace electronics ecosystem, specialising in high-frequency RF, microwave, and millimetre-wave systems. The company supplies critical subsystems to defence PSUs, ISRO, DRDO, and global OEMs, aligning closely with India’s long-term defence indigenisation and space technology growth story.
With rising defence budgets, increasing export opportunities, and strong government support for domestic manufacturing, Astra Microwave Products Ltd has emerged as a niche yet strategically important company. In this article, we present a fresh, SEO-friendly analysis of Astra Microwave Products Ltd share price targets from 2026 to 2030, based on current market data, fundamentals, and sector outlook.
| Detail | Value |
|---|---|
| Open | ₹987.00 |
| Previous Close | ₹987.70 |
| Day’s High | ₹1,017.55 |
| Day’s Low | ₹985.60 |
| VWAP | ₹1,008.86 |
| 52-Week High | ₹1,195.90 |
| 52-Week Low | ₹584.20 |
| All-Time High | ₹1,195.90 |
| All-Time Low | ₹21.97 |
| Market Capitalization | ₹9,556 Cr |
| Volume | 5,38,565 |
| Value (Lacs) | 5,420.66 |
| 20D Avg Volume | 2,26,406 |
| 20D Avg Delivery (%) | 44.42% |
| Face Value | ₹2 |
| Book Value Per Share | ₹122.45 |
| Dividend Yield | 0.22% |
| Beta | 1.03 |
Astra Microwave Products Ltd designs, develops, and manufactures critical RF and microwave subsystems used in:
Defence radar systems
Electronic warfare solutions
Space and satellite communication
Missile and avionics programs
The company benefits from long product life cycles, high entry barriers, and close collaboration with government-backed defence organisations, making its revenue stream relatively stable over the long term.
Strong presence in defence and space electronics
High entry barriers due to specialised technology
Long-term contracts and repeat orders
Beneficiary of “Make in India” and defence indigenisation
Growing export opportunities in global defence markets
India’s defence sector is supported by:
Rising defence capital expenditure
Focus on indigenous manufacturing
Increasing exports of defence equipment
Long-term strategic demand for radar, EW, and communication systems
Niche companies like Astra Microwave stand to benefit disproportionately as system integrators prefer proven domestic suppliers.
| Investor Type | Holding (%) |
|---|---|
| Retail & Others | 72.45% |
| Mutual Funds | 11.24% |
| Promoters | 6.54% |
| Foreign Institutions | 6.47% |
| Other Domestic Institutions | 3.31% |
The rising institutional participation highlights increasing confidence in the company’s long-term defence-led growth prospects.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 1,150 | 1,300 |
| 2027 | 1,350 | 1,550 |
| 2028 | 1,600 | 1,850 |
| 2029 | 1,900 | 2,200 |
| 2030 | 2,300 | 2,700 |
These projections factor in sustained defence orders, margin expansion through scale, and improved execution visibility.
By 2026, order inflows from defence and space programs may support steady revenue growth.
Growth Drivers
Execution of existing defence orders
Increased indigenisation of radar systems
Stable operating margins
Investment View: Suitable for medium-term investors with moderate risk appetite.
In 2027, revenue visibility may improve as new defence projects move into execution phase.
Growth Drivers
Repeat orders from DRDO and defence PSUs
Export opportunities in radar and EW systems
Operating leverage benefits
Investment View: Positive outlook with improving earnings trajectory.
By 2028, Astra Microwave could emerge as a stronger export-oriented defence electronics supplier.
Growth Drivers
Global defence partnerships
Higher share of high-margin subsystems
Improved asset utilisation
Investment View: Attractive for long-term defence sector exposure.
As India’s defence manufacturing ecosystem matures, Astra may benefit from long-term system upgrades.
Growth Drivers
Sustained defence capital expenditure
Technology upgrades in radar and EW
Strong order backlog
Investment View: Favourable for investors seeking thematic growth.
By 2030, Astra Microwave Products Ltd could be positioned as a leading niche defence electronics company.
Growth Drivers
Long product life cycles ensuring revenue stability
Higher exports and global recognition
Margin expansion through scale and IP-led products
Investment View: Strong long-term wealth creation potential in defence manufacturing.
Astra Microwave Products Ltd offers thematic exposure to India’s defence and aerospace growth story. While the stock may remain volatile due to order execution cycles, the long-term fundamentals remain supportive.
Strong alignment with defence indigenisation
High entry barriers and niche technology focus
Long-term contracts with government agencies
Growing export potential
Dependence on defence order timelines
Revenue lumpiness due to project-based execution
Policy or budgetary delays
High valuation sensitivity during market corrections
Astra Microwave Products Ltd stands out as a strategic defence electronics company benefiting from India’s long-term focus on self-reliance in defence and space technologies. Supported by strong technical expertise, long-term contracts, and favourable sector tailwinds, the company offers meaningful long-term growth potential.
Based on current fundamentals and industry trends, Astra Microwave Products share price could potentially reach ₹2,300–₹2,700 by 2030, making it an attractive option for investors looking to participate in India’s defence manufacturing growth story.
1. What is the current share price of Astra Microwave Products Ltd?
It trades near the levels mentioned in the latest market data table and changes with market activity.
2. What is the Astra Microwave Products share price target for 2026?
The expected range is ₹1,150 to ₹1,300.
3. Is Astra Microwave Products Ltd a good long-term investment?
Yes, for investors comfortable with volatility and seeking exposure to India’s defence sector.
4. What is the share price target for 2030?
The projected target range is ₹2,300 to ₹2,700.
5. What factors influence Astra Microwave Products’ share price the most?
Defence order inflows, execution timelines, export growth, margins, and overall market sentiment.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
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