Astral Ltd
Astral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years. [1]
- Market Cap ₹ 50,632 Cr.
- Current Price ₹ 1,885
- High / Low ₹ 1,991 / 1,186
- Stock P/E 112
- Book Value ₹ 99.8
- Dividend Yield 0.12 %
- ROCE 27.0 %
- ROE 19.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 30.2% CAGR over last 5 years
- Company's median sales growth is 17.6% of last 10 years
Cons
- Stock is trading at 18.7 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plastic products Industry: Plastics Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
561 | 798 | 1,050 | 1,235 | 1,318 | 1,477 | 1,582 | 1,916 | 2,043 | 2,486 | 3,443 | 4,612 | |
479 | 687 | 899 | 1,085 | 1,152 | 1,270 | 1,345 | 1,612 | 1,672 | 1,952 | 2,808 | 3,860 | |
Operating Profit | 82 | 112 | 151 | 151 | 166 | 207 | 237 | 304 | 370 | 535 | 635 | 751 |
OPM % | 15% | 14% | 14% | 12% | 13% | 14% | 15% | 16% | 18% | 22% | 18% | 16% |
4 | 2 | 2 | 2 | 1 | 8 | 8 | 9 | 8 | 8 | 25 | 21 | |
Interest | 22 | 18 | 30 | 23 | 28 | 14 | 17 | 28 | 34 | 8 | 9 | 33 |
Depreciation | 13 | 18 | 21 | 33 | 35 | 42 | 47 | 67 | 90 | 96 | 105 | 137 |
Profit before tax | 50 | 78 | 101 | 97 | 104 | 159 | 181 | 218 | 254 | 439 | 547 | 601 |
Tax % | 21% | 24% | 24% | 29% | 30% | 33% | 34% | 35% | 21% | 26% | 26% | 25% |
Net Profit | 40 | 60 | 77 | 69 | 73 | 107 | 119 | 141 | 201 | 327 | 405 | 448 |
EPS in Rs | 0.80 | 1.19 | 1.24 | 2.62 | 2.74 | 4.01 | 4.47 | 5.31 | 7.50 | 12.20 | 15.11 | 16.67 |
Dividend Payout % | 6% | 5% | 5% | 6% | 7% | 6% | 6% | 6% | 8% | 12% | 15% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 24% |
3 Years: | 31% |
TTM: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 30% |
3 Years: | 31% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 44% |
5 Years: | 32% |
3 Years: | 54% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 21% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 15 | 20 | 20 | 27 | |
Reserves | 174 | 231 | 304 | 601 | 720 | 824 | 937 | 1,142 | 1,317 | 1,625 | 1,986 | 2,652 |
89 | 89 | 136 | 161 | 170 | 172 | 116 | 196 | 122 | 29 | 34 | 7 | |
201 | 207 | 232 | 278 | 322 | 308 | 367 | 435 | 488 | 548 | 717 | 902 | |
Total Liabilities | 475 | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 2,758 | 3,588 |
155 | 206 | 278 | 285 | 361 | 409 | 449 | 686 | 822 | 875 | 1,058 | 1,531 | |
CWIP | 12 | 11 | 3 | 21 | 8 | 17 | 65 | 78 | 43 | 52 | 103 | 126 |
Investments | 2 | 2 | 11 | 271 | 336 | 336 | 338 | 340 | 339 | 334 | 334 | 287 |
306 | 320 | 392 | 474 | 519 | 554 | 580 | 682 | 738 | 962 | 1,264 | 1,643 | |
Total Assets | 475 | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 2,758 | 3,588 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 69 | 81 | 84 | 186 | 87 | 231 | 289 | 339 | 515 | 471 | 486 | |
-67 | -72 | -85 | -322 | -175 | -104 | -124 | -266 | -241 | -350 | -38 | -598 | |
8 | -21 | -7 | 244 | 27 | -14 | -84 | -7 | -141 | -116 | -54 | -121 | |
Net Cash Flow | 25 | -24 | -10 | 6 | 39 | -31 | 23 | 15 | -42 | 48 | 379 | -232 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 48 | 50 | 56 | 50 | 66 | 51 | 43 | 25 | 26 | 16 | 19 |
Inventory Days | 112 | 93 | 89 | 80 | 80 | 68 | 89 | 85 | 119 | 85 | 86 | 92 |
Days Payable | 150 | 105 | 85 | 91 | 101 | 84 | 95 | 92 | 115 | 98 | 93 | 0 |
Cash Conversion Cycle | 28 | 35 | 53 | 45 | 29 | 50 | 45 | 36 | 29 | 13 | 10 | 110 |
Working Capital Days | 24 | 32 | 40 | 42 | 26 | 45 | 30 | 22 | 24 | 10 | 11 | 22 |
ROCE % | 31% | 31% | 33% | 20% | 16% | 18% | 19% | 21% | 21% | 29% | 30% | 27% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Secretarial Compliance report for the year ended 31st March, 2023.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 22 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022Transcript PPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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Jul 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Feb 2016TranscriptPPT
Piping Division (77% of revenues) [1]
This is the main business of the company, it manufactures pipes and fittings for plumbing, sewerage, agriculture, industries, fire sprinklers. It also manufactures pipes for conduit & cable protection, ancillary products, urban infra and ducting. [2] It also started manufacturing of water tanks from early 2021.[3]