Astra Microwave Recommends ₹2.40 Dividend; Shares Rise 4.76% 

Mumbai, May 26: Astra Microwave Products has recommended a final dividend of ₹2.40 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). 

The proposed dividend represents 120% of the face value of ₹2 per equity share. The company said the dividend will be paid within the prescribed timelines following shareholder approval at the AGM. 

Astra Microwave added that the AGM date and record date for determining eligible shareholders will be announced separately in due course. 

The dividend recommendation was announced alongside the company’s year-end financial disclosures. 

Stock Market Snapshot 

Astra Microwave Products shares traded sharply higher after the update. 

As of 12:14 p.m. IST on May 26, 2026, the stock was trading at ₹1,294.40, up ₹58.80 or 4.76% from the previous close of ₹1,235.60. 

The stock touched ₹1,300.00, matching its 52-week high, while the day’s low stood at ₹1,216.60. 

The Astra Microwave Products share price gained momentum as investors reacted to the dividend announcement and the company’s strong order book position. 

Order Book Remains Above ₹2,100 Crore 

The company disclosed that its order book stood at ₹2,141.21 crore as of March 31, 2026. 

Of the total order book, ₹242.29 crore relates to service orders. Astra Microwave also reported fresh order inflows of ₹1,335.58 crore during FY2025-26. 

The company operates in a single business segment focused on Radio Frequency (RF) and Microwave products, supplying solutions for defence, aerospace, space, homeland security and related strategic sectors. 

A robust order backlog is often viewed as an indicator of future revenue visibility for defence and electronics manufacturers. 

Company Background 

Astra Microwave Products is one of India’s established defence electronics companies, specialising in RF and microwave subsystems, radar electronics, communication systems and space-related technologies. 

The company serves defence laboratories, public sector undertakings, space agencies and private-sector customers involved in strategic programmes. 

Its products are used across radar systems, electronic warfare platforms, missile programmes, satellite applications and communication infrastructure. 

Conclusion 

The dividend recommendation provides an additional shareholder payout while the sizeable ₹2,141 crore order book highlights the company’s business visibility. 

With fresh orders exceeding ₹1,335 crore during FY26 and the stock trading near its 52-week high, investors appeared encouraged by both the operational outlook and the proposed dividend distribution. 

 Source: 

• https://www.nseindia.com/get-quote/equity/ASTRAMICRO/Astra-Microwave-Products-Limited 
• https://nsearchives.nseindia.com/corporate/ASTRAMICRO_26052026121019_OutcomeofBM.pdf