Astra Microwave Products Limited (ASTRAMICRO) - Net Assets

Latest as of September 2025: Rs11.63 Billion INR ≈ $125.73 Million USD

Based on the latest financial reports, Astra Microwave Products Limited (ASTRAMICRO) has net assets worth Rs11.63 Billion INR (≈ $125.73 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs17.66 Billion ≈ $191.01 Million USD) and total liabilities (Rs6.04 Billion ≈ $65.28 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ASTRAMICRO tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs11.63 Billion
% of Total Assets	65.82%
Annual Growth Rate	18.55%
5-Year Change	96.61%
10-Year Change	175.1%
Growth Volatility	19.53

Astra Microwave Products Limited - Net Assets Trend (2005–2025)

This chart illustrates how Astra Microwave Products Limited's net assets have evolved over time, based on quarterly financial data. See ASTRAMICRO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Astra Microwave Products Limited (2005–2025)

The table below shows the annual net assets of Astra Microwave Products Limited from 2005 to 2025. For live valuation and market cap data, see ASTRAMICRO stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs10.98 Billion ≈ $118.80 Million	+13.69%
2024-03-31	Rs9.66 Billion ≈ $104.49 Million	+50.35%
2023-03-31	Rs6.43 Billion ≈ $69.50 Million	+9.74%
2022-03-31	Rs5.86 Billion ≈ $63.33 Million	+4.81%
2021-03-31	Rs5.59 Billion ≈ $60.42 Million	+3.43%
2020-03-31	Rs5.40 Billion ≈ $58.42 Million	+8.12%
2019-03-31	Rs5.00 Billion ≈ $54.03 Million	-0.29%
2018-03-31	Rs5.01 Billion ≈ $54.19 Million	+10.56%
2017-03-31	Rs4.53 Billion ≈ $49.01 Million	+13.49%
2016-03-31	Rs3.99 Billion ≈ $43.18 Million	+36.83%
2015-03-31	Rs2.92 Billion ≈ $31.56 Million	+20.99%
2014-03-31	Rs2.41 Billion ≈ $26.08 Million	+20.06%
2013-03-31	Rs2.01 Billion ≈ $21.72 Million	+17.27%
2012-03-31	Rs1.71 Billion ≈ $18.53 Million	+17.23%
2011-03-31	Rs1.46 Billion ≈ $15.80 Million	+11.99%
2010-03-31	Rs1.30 Billion ≈ $14.11 Million	+4.31%
2009-03-31	Rs1.25 Billion ≈ $13.53 Million	+11.23%
2008-03-31	Rs1.12 Billion ≈ $12.16 Million	+22.71%
2007-03-31	Rs916.52 Million ≈ $9.91 Million	+34.12%
2006-03-31	Rs683.35 Million ≈ $7.39 Million	+86.93%
2005-03-31	Rs365.56 Million ≈ $3.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Astra Microwave Products Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 718632900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs7.19 Billion	65.42%
Common Stock	Rs189.89 Million	1.73%
Other Comprehensive Income	Rs757.63 Million	6.90%
Other Components	Rs2.85 Billion	25.95%
Total Equity	Rs10.98 Billion	100.00%

Astra Microwave Products Limited Competitors by Market Cap

The table below lists competitors of Astra Microwave Products Limited ranked by their market capitalization.

Company	Market Cap
Beijing Fuxing Xiaocheng Electronic Technology Co Ltd SHE:300139	$1.72 Billion
Sildarvinnslan Hf. IC:SVN	$1.72 Billion
SÜSS MicroTec SE F:SMHN	$1.72 Billion
Faraday Technology Corp TW:3035	$1.72 Billion
Offcn Education Technology Co Ltd SHE:002607	$1.71 Billion
Anhui Kouzi Distillery Co Ltd SHG:603589	$1.71 Billion
Bank Ocbc Nisp Tbk JK:NISP	$1.71 Billion
Shoals Technologies Group Inc NASDAQ:SHLS	$1.71 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Astra Microwave Products Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,661,878,000 to 10,984,727,000, a change of 1,322,849,000 (13.7%).
Net income of 1,535,088,000 contributed positively to equity growth.
Dividend payments of 190,647,000 reduced retained earnings.
Other comprehensive income increased equity by 1,328,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs1.54 Billion	+13.97%
Dividends Paid	Rs190.65 Million	-1.74%
Other Comprehensive Income	Rs1.33 Million	+0.01%
Other Changes	Rs-22.92 Million	-0.21%
Total Change	Rs-	13.69%

Book Value vs Market Value Analysis

This analysis compares Astra Microwave Products Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 14.43x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 363.95x to 14.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs4.59	Rs1670.00	x
2006-03-31	Rs8.57	Rs1670.00	x
2007-03-31	Rs11.43	Rs1670.00	x
2008-03-31	Rs13.94	Rs1670.00	x
2009-03-31	Rs15.43	Rs1670.00	x
2010-03-31	Rs16.03	Rs1670.00	x
2011-03-31	Rs17.83	Rs1670.00	x
2012-03-31	Rs20.94	Rs1670.00	x
2013-03-31	Rs24.55	Rs1670.00	x
2014-03-31	Rs29.48	Rs1670.00	x
2015-03-31	Rs35.66	Rs1670.00	x
2016-03-31	Rs47.98	Rs1670.00	x
2017-03-31	Rs52.32	Rs1670.00	x
2018-03-31	Rs57.85	Rs1670.00	x
2019-03-31	Rs57.68	Rs1670.00	x
2020-03-31	Rs62.36	Rs1670.00	x
2021-03-31	Rs64.51	Rs1670.00	x
2022-03-31	Rs67.61	Rs1670.00	x
2023-03-31	Rs74.20	Rs1670.00	x
2024-03-31	Rs102.60	Rs1670.00	x
2025-03-31	Rs115.70	Rs1670.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Astra Microwave Products Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.97%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.60%
• Asset Turnover: 0.57x
• Equity Multiplier: 1.69x
Recent ROE (13.97%) is below the historical average (17.04%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	46.26%	25.92%	0.80x	2.23x	Rs132.56 Million
2006	53.61%	36.62%	0.63x	2.31x	Rs298.01 Million
2007	29.81%	26.86%	0.55x	2.03x	Rs181.56 Million
2008	18.05%	16.61%	0.53x	2.06x	Rs90.49 Million
2009	12.53%	13.81%	0.51x	1.79x	Rs31.66 Million
2010	6.16%	7.67%	0.40x	2.02x	Rs-49.98 Million
2011	12.75%	11.78%	0.59x	1.85x	Rs40.18 Million
2012	19.38%	16.88%	0.64x	1.79x	Rs160.71 Million
2013	18.51%	16.32%	0.46x	2.48x	Rs170.97 Million
2014	21.08%	9.55%	0.94x	2.34x	Rs267.18 Million
2015	21.51%	9.87%	1.29x	1.69x	Rs335.76 Million
2016	14.09%	13.37%	0.76x	1.38x	Rs163.32 Million
2017	12.70%	14.77%	0.59x	1.45x	Rs122.58 Million
2018	12.19%	16.84%	0.54x	1.35x	Rs109.86 Million
2019	1.95%	3.21%	0.49x	1.23x	Rs-401.94 Million
2020	8.15%	9.42%	0.52x	1.66x	Rs-99.74 Million
2021	5.16%	4.46%	0.68x	1.69x	Rs-270.19 Million
2022	6.47%	5.03%	0.78x	1.65x	Rs-206.88 Million
2023	10.87%	8.56%	0.77x	1.64x	Rs55.67 Million
2024	12.53%	13.32%	0.62x	1.53x	Rs244.48 Million
2025	13.97%	14.60%	0.57x	1.69x	Rs436.62 Million

Industry Comparison

This section compares Astra Microwave Products Limited's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $2,859,269,623
Average return on equity (ROE) among peers: 7.51%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Astra Microwave Products Limited (ASTRAMICRO)	Rs11.63 Billion	46.26%	0.52x	$1.71 Billion
Birla Cable Limited (BIRLACABLE)	$868.59 Million	14.39%	1.51x	$70.25 Million
D-Link (India) Limited (DLINKINDIA)	$1.35 Billion	16.19%	0.95x	$202.08 Million
ITI Limited (ITI)	$19.51 Billion	15.01%	3.79x	$3.24 Billion
Kavveri Telecom Products Limited (KAVVERITEL)	$377.01 Million	2.03%	8.35x	$24.00 Million
NELCO Limited (NELCO)	$1.05 Billion	18.99%	1.51x	$215.16 Million
Panache Digilife Limited (PANACHE)	$322.52 Million	11.52%	2.31x	$69.85 Million
Paramount Communications Limited (PARACABLES)	$575.38 Million	37.36%	1.82x	$230.46 Million
Shyam Telecom Limited (SHYAMTEL)	$38.97 Million	-54.24%	12.39x	$2.21 Million
Smartlink Holdings Limited (SMARTLINK)	$1.65 Billion	6.30%	0.27x	$18.07 Million

About Astra Microwave Products Limited

NSE:ASTRAMICRO India Communication Equipment

Market Cap

$1.71 Billion

Rs158.56 Billion INR

Market Cap Rank

#6838 Global

#311 in India

Share Price

Rs1670.00

Change (1 day)

+6.07%

52-Week Range

Rs855.70 - Rs1670.00

All Time High

Rs1670.00