Rs 1,813 crore order book & FIIs increase stake: This multibagger aerospace & defence company entered into a collaboration agreement with Teledyne e2v HiRel Electronics

The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 315.60 per share and a whopping 475 per cent in 3 years.

Astra Microwave Products Ltd and Teledyne e2v HiRel Electronics have entered into a collaboration agreement to provide semiconductor services to support aerospace, defence, and high-reliability electronics markets.

Earlier, the company secured two major orders. The first is a Rs 56 crore contract to supply, install, test and commission a Precision Approach Radar (PAR) system for Hindustan Aeronautics Limited, Bangalore. This order includes a 10-year maintenance contract and will be completed within 10 months. The second order, valued at Rs 385.58 crore, is from Bharat Electronics Limited for MPR sub-systems and will be fulfilled within 36 months.

Astra Microwave Products Ltd is a company specializing in advanced technology for national security and communication systems. They focus on radio frequency (RF) and microwave technology, designing, developing, and manufacturing crucial components for a variety of applications. Their expertise lies in creating not only individual parts (super components) but also entire subsystems and even complete systems.

Also Read: Low PE multibagger penny stock at Rs 72.75: This electrical equipment company bags new order worth Rs 20,93,26,922 from Adani Group

Astra Microwave Products caters to several key sectors: defence, space exploration, meteorology (weather forecasting), telecommunication, and even civil communication applications. This means their technology is used in everything from military radars and spacecraft electronics to weather stations and mobile phone networks.

The company has a market capitalisation of over Rs 6,700 crore. The company has been maintaining a healthy dividend payout of 29.3 per cent. As of December 31, 2023, the company’s order book stands at Rs 1,813 crore which is executable in the next 12 to 36 months period. Additionally, as of March 2024, an ace investor, Atim Kabra owns a 3.53 per cent stake in the company and FIIs have increased their stake to 3.17 per cent in March 2024 compared to 2.32 per cent in March 2023.

The stock’s 52-week high is Rs 729.60 per share and its 52-week low is Rs 315.60. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 315.60 per share and a whopping 475 per cent in 3 years. Investors should keep an eye on this Small-Cap aerospace & defence stock. 

Disclaimer: The article is for informational purposes only and not investment advice.