3 Microwave and RF Components Maker, Crude and Product Tankers Operator and Public Sector Project Manager Stocks With a Strong Future Roadmap: Astra Microwave Products, Great Eastern Shipping and NBCC (India)
- November 4, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Astra Microwave Products, Great Eastern Shipping and NBCC (India): ROE of 14.7% to 23.9% and FY22 to FY26 revenue CAGR of 11.8% to 14.5%. Prices as of 3 Nov 2026.
Quick Answer
The three microwave, tanker and project manager stocks to watch are Astra Microwave Products, Great Eastern Shipping and NBCC (India). Their return on equity ranges from 14.7% to 23.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.8% to 14.5%. NBCC (India) has the highest return on equity at 23.9%, while Great Eastern Shipping has the fastest revenue growth at 14.5% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Microwave, tanker and project manager stocks give investors a way to track businesses that sit close to everyday demand in India. Astra Microwave Products, Great Eastern Shipping and NBCC (India) cover a microwave and RF components maker, a crude and product tankers operator and a public sector project manager.
This list covers three microwave, tanker and project manager stocks with complete current figures: Astra Microwave Products, Great Eastern Shipping and NBCC (India). Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
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What Are Microwave, Tanker and Project Manager Stocks?
Microwave, tanker and project manager stocks are listed companies that make microwave and radio frequency components for defence and space programmes, operate crude and product tankers, and manage redevelopment and infrastructure projects. Their earnings depend on defence orders, freight demand and project awards.
Microwave, Tanker and Project Manager Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Astra Microwave Products | 1,526.9 | 15,358 | 81.2 | 48.1 | 14.7 | 0.22 |
| Great Eastern Shipping | 1,536.5 | 21,649 | 5.8 | 8.6 | 17.4 | 0.06 |
| NBCC (India) | 75.26 | 19,926 | 26.1 | 36.2 | 23.9 | 0.00 |
On valuation, Great Eastern Shipping and NBCC (India) trade at a P/E below the industry P/E, while Astra Microwave Products trades above it, which reflects the growth the market already expects. Readers comparing microwave, tanker and project manager stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Microwave, Tanker and Project Manager Stocks Have a Strong Roadmap in India?
Microwave, tanker and project manager stocks have a strong roadmap in India because rising defence and space spending, steady energy shipments and large redevelopment plans keep widening the market for these defence, marine and project companies.
- Defence and space. Domestic programmes support steady orders.
- Energy shipments. Tankers carry crude and fuel.
- Redevelopment. Large projects add to order books.
Why Astra Microwave Products Features Among These Microwave, Tanker and Project Manager Stocks
Among the microwave, tanker and project manager stocks on this list, Astra Microwave Products is a Hyderabad-based maker of microwave and radio frequency components, sub-systems and systems used in radars, missiles, electronic warfare and satellite communication.
The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P/E of 81.2, above the industry P/E of 48.1.
Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%.
Roadmap: The company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.
What to watch: Check the timing of large order execution, since quarterly revenue in defence electronics can move with delivery schedules.
Why Great Eastern Shipping Features Among These Microwave, Tanker and Project Manager Stocks
Among the defence and marine shares on this list, The Great Eastern Shipping Company is one of India’s largest private shipping companies, operating a fleet of crude tankers, product tankers, gas carriers and dry bulk vessels, and holding offshore assets through a subsidiary.
Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%.
The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6.
Roadmap: The company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
What to watch: Track tanker and dry bulk freight rates and second-hand vessel prices, which shape both earnings and asset values.
Why NBCC (India) Features Among These Microwave, Tanker and Project Manager Stocks
Among the three companies on this list, NBCC (India) is a public sector project management and construction company that handles redevelopment, real estate and infrastructure projects for government bodies and public agencies.
Revenue rose from Rs 7,885 crore in FY22 to Rs 13,196 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 238 crore in FY22 to Rs 742 crore in FY26, which works out to a compound annual growth rate of 32.9%.
The company has a return on equity of 23.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,926 crore. The stock trades at a P/E of 26.1, below the industry P/E of 36.2.
Roadmap: The company holds a large order book built mainly on redevelopment projects in Delhi and other cities, and a project management model keeps capital needs low. It also has land assets that can be monetised, and the company carries no debt.
What to watch: Watch how fast the order book converts into revenue and the progress of redevelopment projects.
Astra Microwave Products vs Great Eastern Shipping vs NBCC (India) on Key Financials
The table below sets the three microwave, tanker and project manager stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Astra Microwave Products | 757 | 1,181 | 11.8% | 193 | 16.3% |
| Great Eastern Shipping | 3,669 | 6,312 | 14.5% | 2,943 | 46.6% |
| NBCC (India) | 7,885 | 13,196 | 13.7% | 742 | 5.6% |
NBCC (India) posts the highest return on equity in this group at 23.9%. NBCC (India) has the largest FY26 revenue at Rs 13,196 crore, and Great Eastern Shipping shows the fastest revenue growth with a 14.5% compound annual rate. A useful habit with microwave, tanker and project manager stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Microwave, Tanker and Project Manager Stocks
Every theme carries risks that deserve a check before any decision. For these microwave, tanker and project manager stocks, the main points are: Long-term defence and marine shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Defence and space orders can shift between periods.
- Order timing. Project awards can shift between periods.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter microwave, tanker and project manager stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Microwave, Tanker and Project Manager Stocks
Microwave, tanker and project manager stocks work best when investors track growth, valuation and return on equity side by side. Astra Microwave Products, Great Eastern Shipping and NBCC (India) each have a clear plan to grow. Based on the 3 November 2026 close, Astra Microwave Products trades at Rs 1,526.9, Great Eastern Shipping at Rs 1,536.5 and NBCC (India) at Rs 75.26.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are microwave, tanker and project manager stocks?
Ans. Microwave, tanker and project manager stocks are listed companies that make microwave and radio frequency components for defence and space programmes, operate crude and product tankers, and manage redevelopment and infrastructure projects. Their earnings depend on defence orders, freight demand and project awards. This list looks at three of them, Astra Microwave Products, Great Eastern Shipping and NBCC (India), using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which microwave, tanker and project manager stocks are covered in this list?
Ans. This list covers Astra Microwave Products, Great Eastern Shipping and NBCC (India). Based on the 3 November 2026 close, Astra Microwave Products traded at Rs 1,526.9, Great Eastern Shipping at Rs 1,536.5 and NBCC (India) at Rs 75.26. Their return on equity ranges from 14.7% to 23.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.8% to 14.5%.
Why do microwave, tanker and project manager stocks have a strong future roadmap in India?
Ans. Microwave, tanker and project manager stocks have a strong roadmap in India because rising defence and space spending, steady energy shipments and large redevelopment plans keep widening the market for these defence, marine and project companies. The main drivers are as follows. Defence and space. Domestic programmes support steady orders. Energy shipments. Tankers carry crude and fuel. Redevelopment. Large projects add to order books. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Astra Microwave Products performed financially?
Ans. Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P/E of 81.2, above the industry P/E of 48.1. Looking ahead, the company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.
How has Great Eastern Shipping performed financially?
Ans. Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%. The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6. Looking ahead, the company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
How has NBCC (India) performed financially?
Ans. Revenue rose from Rs 7,885 crore in FY22 to Rs 13,196 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 238 crore in FY22 to Rs 742 crore in FY26, which works out to a compound annual growth rate of 32.9%. The company has a return on equity of 23.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,926 crore. The stock trades at a P/E of 26.1, below the industry P/E of 36.2. Looking ahead, the company holds a large order book built mainly on redevelopment projects in Delhi and other cities, and a project management model keeps capital needs low. It also has land assets that can be monetised, and the company carries no debt.
What risks should investors check before buying microwave, tanker and project manager stocks?
Ans. Investors should check a few risks before buying microwave, tanker and project manager stocks. Order timing. Defence and space orders can shift between periods. Order timing. Project awards can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of microwave, tanker and project manager stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
