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 ₹ 53,012 Cr.
- Current Price ₹ 1,974
- High / Low ₹ 2,058 / 1,298
- Stock P/E 96.8
- Book Value ₹ 107
- Dividend Yield 0.16 %
- ROCE 25.1 %
- ROE 17.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 29.9% CAGR over last 5 years
Cons
- Stock is trading at 18.4 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
561 | 798 | 1,050 | 1,235 | 1,318 | 1,477 | 1,582 | 1,916 | 2,043 | 2,486 | 4,061 | 4,612 | 4,875 | |
479 | 687 | 899 | 1,085 | 1,152 | 1,270 | 1,345 | 1,612 | 1,672 | 1,952 | 3,352 | 3,860 | 4,009 | |
Operating Profit | 82 | 112 | 151 | 151 | 166 | 207 | 237 | 304 | 370 | 535 | 709 | 752 | 866 |
OPM % | 15% | 14% | 14% | 12% | 13% | 14% | 15% | 16% | 18% | 22% | 17% | 16% | 18% |
4 | 2 | 2 | 2 | 1 | 8 | 8 | 9 | 8 | 8 | 31 | 20 | 30 | |
Interest | 22 | 18 | 30 | 23 | 28 | 14 | 17 | 28 | 34 | 8 | 10 | 33 | 19 |
Depreciation | 13 | 18 | 21 | 33 | 35 | 42 | 47 | 67 | 90 | 96 | 116 | 137 | 144 |
Profit before tax | 50 | 78 | 101 | 97 | 104 | 159 | 181 | 218 | 254 | 439 | 614 | 601 | 732 |
Tax % | 21% | 24% | 24% | 29% | 30% | 33% | 34% | 35% | 21% | 26% | 25% | 25% | |
40 | 60 | 77 | 69 | 73 | 107 | 119 | 141 | 201 | 327 | 462 | 448 | 545 | |
EPS in Rs | 0.80 | 1.19 | 1.24 | 2.62 | 2.74 | 4.01 | 4.47 | 5.31 | 7.50 | 12.20 | 17.23 | 16.67 | 20.31 |
Dividend Payout % | 6% | 5% | 5% | 6% | 7% | 6% | 6% | 6% | 8% | 12% | 13% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 24% |
3 Years: | 31% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 30% |
3 Years: | 30% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 33% |
3 Years: | 34% |
1 Year: | 35% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 21% |
Last Year: | 18% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 15 | 20 | 20 | 27 | 27 |
Reserves | 174 | 231 | 304 | 601 | 720 | 824 | 937 | 1,142 | 1,317 | 1,625 | 2,271 | 2,652 | 2,840 |
89 | 89 | 136 | 161 | 170 | 172 | 116 | 196 | 122 | 29 | 35 | 10 | 16 | |
201 | 207 | 232 | 278 | 322 | 308 | 367 | 435 | 488 | 548 | 850 | 899 | 855 | |
Total Liabilities | 475 | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 3,176 | 3,588 | 3,738 |
155 | 206 | 278 | 285 | 361 | 409 | 449 | 686 | 822 | 875 | 1,388 | 1,531 | 1,674 | |
CWIP | 12 | 11 | 3 | 21 | 8 | 17 | 65 | 78 | 43 | 52 | 123 | 126 | 203 |
Investments | 2 | 2 | 11 | 271 | 336 | 336 | 338 | 340 | 339 | 334 | 45 | 287 | 287 |
306 | 320 | 392 | 474 | 519 | 554 | 580 | 682 | 738 | 962 | 1,620 | 1,643 | 1,573 | |
Total Assets | 475 | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 3,176 | 3,588 | 3,738 |
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 | 537 | 486 | |
-67 | -72 | -85 | -322 | -175 | -104 | -124 | -266 | -241 | -350 | 87 | -598 | |
8 | -21 | -7 | 244 | 27 | -14 | -84 | -7 | -141 | -116 | -56 | -121 | |
Net Cash Flow | 25 | -24 | -10 | 6 | 39 | -31 | 23 | 15 | -42 | 48 | 568 | -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 | 18 | 19 |
Inventory Days | 112 | 93 | 89 | 80 | 80 | 68 | 89 | 85 | 119 | 85 | 89 | 92 |
Days Payable | 150 | 105 | 85 | 91 | 101 | 84 | 95 | 92 | 115 | 98 | 94 | 87 |
Cash Conversion Cycle | 28 | 35 | 53 | 45 | 29 | 50 | 45 | 36 | 29 | 13 | 12 | 23 |
Working Capital Days | 24 | 32 | 40 | 42 | 26 | 45 | 30 | 22 | 24 | 10 | 12 | 22 |
ROCE % | 31% | 31% | 33% | 20% | 16% | 18% | 19% | 21% | 21% | 29% | 31% | 25% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
- Intimation Regarding The Resignation Of Mr. Atul Sanghvi, President -Faucet & Sanitary Ware (Senior Management Personnel) Of The Company. 30 Oct
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Commencement Of Commercial Production
26 Oct - Company has started commercial production of Adhesives Division at Dahej Plant.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 25 Oct
- Announcement under Regulation 30 (LODR)-Updates on Acquisition 20 Oct
Annual reports
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Financial Year 2023
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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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Concalls
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Oct 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Nov 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Feb 2016TranscriptPPT
History[1]
Astral is amongst the leading players in the CPVC pipes and fittings business in India. It was the first company to launch lead-free PVC pipes in 2004 and lead-free uPVC column pipes in 2012. Astral forayed into related adhesives business in 2014 with the acquisition of Seal IT Services Limited (UK) and later acquired Resinova Chemie Limited (RCL) in Nov 2014.