From mint · Pranati Deva · · 1m 30s
Systematix targets 66% upside for Astra Microwave
Systematix Research sees 66% upside for Astra Microwave with ₹2,600 target.
In brief
Systematix Research sees 66% upside for Astra Microwave with ₹2,600 target. Systematix Research assigns a ₹2,600 target price to Astra Microwave, indicating 66% upside potential from its current ₹1,569.75 price. Originally reported by mint.
Systematix initiates coverage
Systematix Research has initiated coverage for Astra Microwave and Data Patterns with BUY ratings.
Target prices set
Systematix sets ₹2,600 target for Astra Microwave against ₹1,569.75 closing price, indicating 66% upside potential.
Data Patterns target
Systematix sets ₹5,100 target for Data Patterns against ₹4,127.90 closing price, implying 23.5% upside potential.
Astra Microwave's growth
Astra Microwave's order book tripled over three years to ₹43 billion, with order inflows expected to rise.
Astra Microwave's structural shift
Astra Microwave is transforming from a radio-frequency component supplier to a Tier-1 Systems and Development-cum-Production Partner.
Astra Microwave's order book
Astra Microwave received a ₹22 billion order for Uttam radar in July 2.026 for Tejas Mk-1A aircraft.
Astra Microwave's margins
Astra Microwave's gross margin improved from 30% in FY22 to 51% in FY26, with EBITDA margin rising from 12% to 29%.
Data Patterns' order book
Data Patterns has an order book of ₹26.4 billion with expected ₹20 billion in additional orders for FY27.
Data Patterns' growth potential
Data Patterns projects revenue, EBITDA and PAT growth at CAGRs of 29%, 32% and 32% between FY26 and FY29.
Systematix's outlook
Systematix expects Astra Microwave to see stronger order inflows and earnings growth as programmes move to execution.
What to remember
Systematix Research assigns a ₹2,600 target price to Astra Microwave, indicating 66% upside potential from its current ₹1,569.75 price.
