ASTRAMICRO
Astra Microwave Products Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
ASTRAMICRO
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹1,862 today
BEAR
₹562
-70%
7.3% a year · 25.8x exit
BASE
₹987
-47%
12.7% a year · 43.1x exit
BULL
₹1,181
-37%
17.2% a year · 49.6x exit
Where the market has priced it
11x92x today — outside the range89x
- at 92x its FY26 earnings the stock already trades above the top of its own ten-year range (50x)
- the range is unusually wide — read it as the span of management's own claim, not as a forecast
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹20.32 (screener) |
|---|---|
| Guided growth | 12.7% a year, said on the call of 01-Jun-2026 · transcript |
| Read across as | operating: revenue growth, margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 25.76x / 43.09x / 49.56x, this company’s own p20 / median / p80 across 10 filed years |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
revenue growth 15%generic growth 50%
Further, we continue to see robust opportunities across all three product segments in the defines market and therefore reaffirm our FY27 top line growth at 15% to 20% rate, with a potential for much stronger growth over the coming years.
Call 01-Jun-2026 · bridge confidence medium · transcript PDF