Astral Ltd

Astral Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Astral Ltd

₹ 1,519 -1.97%
05 Jun - close price
astralpipes.com BSE: 532830 NSE: ASTRAL
About

Astral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. The company is into manufacturing of Pipes, water tanks, bathware, specialised valves, paints, adhesives and sealants, infrastructure solutions, specialised fittings and construction chemicals.[1]

Key Points

Business Segments:
a) Plumbing (71% in FY26 vs 73% in FY24): [1]
The company offers PVC, CPVC and lead-free PVC plumbing systems and fittings including drainage systems, agriculture systems, fire sprinkler systems, Industrial and urban infrastructure piping systems, specialized fittings, water tanks, cable protection system etc.
It is among India's leading players in the high-margin CPVC pipes and fittings business.[2]
b) Paints and Adhesives (29% in FY26 vs 27% in FY24):
The company offers adhesives, sealants, specialized valves, construction chemicals,
and other infrastructure products. It also offers
a range of paints including Interior Emulsion, Exterior Emulsion, Primers, Putty bags Wall putty, Stainers & Colorants, etc under the Astral Paints brand. The company has also entered the D2C segment with DIY segment with brand name BondTite and BondCraft.[3] The company also offers flooring solutions like waterproffing, grouting etc.
c) Bathware:
The company has started manufacturing
for bathware as well. It manufactures premium
as well as mid-range toilet seats, wash basins, faucets and premium range diverters and body jets.[4]
The segment delivered 27.3% sales growth in FY26. [5]

Website BSE NSE
  • Market Cap ₹ 40,803 Cr.
  • Current Price ₹ 1,519
  • High / Low ₹ 1,769 / 1,263
  • Stock P/E 65.3
  • Book Value ₹ 153
  • Dividend Yield 0.25 %
  • ROCE 22.6 %
  • ROE 16.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 9.93 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

Industrials Capital Goods Industrial Products Plastic Products - Industrial

Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,361 1,149 1,223 1,243 1,488 1,253 1,230 1,270 1,542 1,207 1,416 1,382 1,903
1,065 963 1,016 1,045 1,207 1,044 1,024 1,049 1,243 1,028 1,160 1,142 1,517
Operating Profit 296 186 208 198 281 209 206 222 300 180 256 240 386
OPM % 22% 16% 17% 16% 19% 17% 17% 17% 19% 15% 18% 17% 20%
5 13 8 8 10 12 13 8 11 15 12 -4 16
Interest 2 4 6 5 6 5 7 11 7 9 13 9 21
Depreciation 36 36 38 40 42 44 47 50 51 56 56 57 57
Profit before tax 264 160 171 161 243 172 165 169 252 130 200 170 323
Tax % 26% 26% 25% 25% 25% 26% 26% 26% 25% 26% 25% 25% 26%
197 119 128 120 183 128 122 126 190 97 150 127 238
EPS in Rs 7.32 4.44 4.77 4.47 6.82 4.77 4.55 4.69 7.07 3.60 5.58 4.72 8.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,235 1,318 1,477 1,582 1,916 2,043 2,486 4,061 4,612 5,103 5,296 5,908
1,085 1,152 1,270 1,345 1,612 1,672 1,952 3,352 3,860 4,224 4,359 4,846
Operating Profit 151 166 207 237 304 370 535 709 752 879 937 1,061
OPM % 12% 13% 14% 15% 16% 18% 22% 17% 16% 17% 18% 18%
2 1 8 8 9 8 8 31 20 33 44 40
Interest 23 28 14 17 28 34 8 10 33 21 31 52
Depreciation 33 35 42 47 67 90 96 116 137 156 192 226
Profit before tax 97 104 159 181 218 254 439 614 601 735 759 824
Tax % 29% 30% 33% 34% 35% 21% 26% 25% 25% 25% 25% 26%
69 73 107 119 141 201 327 462 448 550 566 611
EPS in Rs 2.62 2.74 4.01 4.47 5.31 7.50 12.20 17.23 16.67 20.49 21.08 22.74
Dividend Payout % 6% 7% 6% 6% 6% 8% 12% 13% 21% 18% 18% 11%
Compounded Sales Growth
10 Years: 16%
5 Years: 19%
3 Years: 9%
TTM: 12%
Compounded Profit Growth
10 Years: 24%
5 Years: 13%
3 Years: 12%
TTM: 14%
Stock Price CAGR
10 Years: 22%
5 Years: 1%
3 Years: -9%
1 Year: 0%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 17%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 12 12 12 12 15 20 20 27 27 27 27
Reserves 601 720 824 937 1,142 1,317 1,625 2,271 2,652 3,103 3,569 4,080
161 170 172 116 196 122 29 35 10 49 113 100
278 322 308 367 435 488 548 850 899 1,033 1,045 1,376
Total Liabilities 1,052 1,224 1,317 1,431 1,785 1,942 2,222 3,176 3,588 4,212 4,754 5,584
285 361 409 449 686 822 875 1,388 1,531 1,896 2,265 2,442
CWIP 21 8 17 65 78 43 52 123 126 146 96 70
Investments 271 336 336 338 340 339 334 45 287 371 371 484
474 519 554 580 682 738 962 1,620 1,643 1,799 2,022 2,588
Total Assets 1,052 1,224 1,317 1,431 1,785 1,942 2,222 3,176 3,588 4,212 4,754 5,584

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
84 186 87 231 289 339 515 537 486 788 620 1,084
-322 -175 -104 -124 -266 -241 -350 87 -598 -517 -511 -606
244 27 -14 -84 -7 -141 -116 -56 -121 -99 -95 -189
Net Cash Flow 6 39 -31 23 15 -42 48 568 -232 173 14 290
Free Cash Flow 27 86 -13 110 106 152 360 199 197 267 129 710
CFO/OP 69% 126% 62% 123% 119% 113% 116% 99% 84% 109% 85% 120%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 56 50 66 51 43 25 26 18 19 19 22 21
Inventory Days 80 80 68 89 85 119 85 89 94 97 105 99
Days Payable 91 101 84 95 92 115 98 94 90 97 94 109
Cash Conversion Cycle 45 29 50 45 36 29 13 12 23 18 33 11
Working Capital Days 42 26 39 30 18 23 7 11 22 10 20 5
ROCE % 20% 16% 18% 19% 21% 21% 29% 31% 25% 25% 22% 23%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Production Capacity - Pipes, Water Tanks & Bathware
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Sales Volume - Plumbing Business
M.T.
Number of Dealers
Numbers
Number of Distributors
Numbers
Number of Manufacturing Units
Numbers
Number of Sales Depots
Numbers
Installed Production Capacity - Adhesives & Sealants (India)
M.T. PA

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.85% 55.85% 54.10% 54.10% 54.10% 54.10% 54.10% 54.10% 54.10% 54.21% 54.22% 54.22%
15.65% 18.50% 19.79% 21.22% 22.48% 22.32% 21.07% 20.17% 20.15% 16.61% 15.21% 14.50%
15.87% 13.21% 13.66% 12.85% 12.45% 12.48% 13.76% 14.60% 14.71% 17.49% 19.19% 20.92%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.15% 0.20% 0.30% 0.34% 0.37%
12.64% 12.44% 12.44% 11.81% 10.96% 11.11% 10.90% 10.97% 10.85% 11.38% 11.03% 9.99%
No. of Shareholders 2,92,6722,95,4562,93,6022,85,6882,62,0502,93,9112,97,5273,09,7142,98,4562,97,5822,79,7262,58,441

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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