Astra Microwave Bags Orders Worth Rs 240 Crore In Q2; Guides For 2x Revenue By FY28 — ICICI Securities

Management maintains guidance of ~15% revenue growth and Ebitda margin of ~22.3% for FY26. The company expects to double its revenue by FY28 and triple by FY30 as the execution of QRSAM, Uttam AESA, Virupaksha AESA picks up..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Astra Microwave Ltd.’s H1 revenue growth was subdued at 8% YoY; however, the execution is skewed towards H2, and thus, we still expect c.15% revenue growth for FY26 (orderbook in place). This apart, management has showed strong confidence of quadrable revenue in five-six years driven by many aerospace side projects taking off. Further, its JV ARC is also doing well as it has already won orders worth Rs 2.9 billion recently for advanced communication system; Astra Microwave guides for additional Rs 5-6 billion order inflow, taking the total order inflow to Rs 8-9 billion in FY26. Management sounded confident of achieving its guidance: Revenue growth of 15-20% annually for the next few years, order inflow of Rs 13-14 billion in FY26 and PBT margin of 18% in FY26. We have factored in 20% revenue CAGR over FY25-28E with PBT CAGR of 24%. We maintain Buy with a revised target price of Rs 1,200 (based on 40x FY28E EPS).Key risksDelay in ordering by DPSUs or execution of projects.Delay in development of solutions..Click on the attachment to read the full report:.RVNL Q2 Review: Earnings Miss Amid Cost Surge; IDBI Capital Retains 'Hold' — Check Revised Target Price.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Astra Microwave Bags Orders Worth Rs 240 Crore In Q2; Guides For 2x Revenue By FY28 — ICICI Securities

ICICI Securities maintains 'Buy' on Astra Microwave and hikes target price - Details inside.

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