Astra Microwave Products – AMPL designs, develops and manufactures components and sub-systems for microwave wireless communications systems used in defense, space, and civilian telecom applications. Around 60% of revenues accrue from Defense, 30% from Space and the balance from Telecom. AMPL has 4 state of the art manufacturing facilities. AMPL is expected to be a key supplier of sub-systems for all of India’s future missile/radar/electronic warfare development programs.
Defence: With a proven track record and expertise in making critical sub-systems for missile, electronic warfare and radar applications, AMPL would be a big beneficiary of the “Offset Program”. Some deals are already under negotiation for export orders. AMPL is working on the R&D of other radars for specific needs of DRDO labs. Successful induction of any of these radars would provide a significant upside to revenues and with high margins.
Space: Developed products for space applications to be used by organizations like ISRO, IMD and others. Working closely with ISRO on the Radar Imaging Satellite (RISAT) which is likely to be launched in 2009
Telecom:AMPL has been working on a few products which are in various stages of approval. These products are in the categories of amplifiers, boosters, repeaters and jammers
AMPL is a small company with a market cap of Rs 25 crore. It is expected to report an EPS of Rs 3.78 and Rs 5.9 for FY09 and FY10 respectively.