Astral Ltd

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

Astral Ltd

₹ 1,442 4.70%
22 May - 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. It has also forayed into adhesive business over years. [1]

Key Points

Business Segments
1) Plumbing (72% in 9M FY25 vs 77% in FY22): [1] [2] The company offers PVC, CPVC and lead-free PVC plumbing systems and fittings including drainage systems, agriculture systems, fire sprinkler systems, electrical conduit pipes, bath-ware, water tanks, etc. [3] It is among India's leading players in the high-margin CPVC pipes and fittings business. The segment revenue grew by 23% between FY22-FY24, driven by a 47% growth in sales volumes, partially offset by a 16% average sales realization decline followed by a decline in raw material prices. [4]

Website BSE NSE
  • Market Cap ₹ 38,758 Cr.
  • Current Price ₹ 1,442
  • High / Low ₹ 2,454 / 1,232
  • Stock P/E 74.7
  • Book Value ₹ 135
  • Dividend Yield 0.26 %
  • ROCE 20.3 %
  • ROE 15.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.4%

Cons

  • Stock is trading at 10.7 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

Part of BSE 500 BSE 200 Nifty 500 BSE MidCap Nifty Midcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,391 1,213 1,172 1,268 1,506 1,283 1,363 1,370 1,625 1,384 1,370 1,397 1,681
1,176 1,042 1,028 1,081 1,199 1,082 1,143 1,165 1,334 1,169 1,160 1,178 1,380
Operating Profit 215 171 144 186 307 202 220 205 291 214 210 219 302
OPM % 15% 14% 12% 15% 20% 16% 16% 15% 18% 16% 15% 16% 18%
16 14 14 -2 12 12 13 6 10 12 9 12 9
Interest 5 13 14 9 3 6 8 8 8 8 10 14 10
Depreciation 33 43 45 46 44 46 49 50 52 56 60 63 65
Profit before tax 193 128 99 130 272 162 177 154 241 163 149 154 236
Tax % 25% 25% 24% 27% 24% 26% 26% 26% 25% 27% 27% 27% 25%
144 96 75 95 206 119 132 113 181 120 109 113 178
EPS in Rs 5.28 3.32 2.57 3.46 7.66 4.46 4.88 4.23 6.76 4.48 4.09 4.25 6.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,057 1,410 1,678 1,895 2,073 2,507 2,578 3,176 4,394 5,158 5,641 5,832
902 1,242 1,470 1,633 1,759 2,126 2,136 2,539 3,640 4,349 4,717 4,886
Operating Profit 155 168 208 261 314 382 442 638 754 810 925 946
OPM % 15% 12% 12% 14% 15% 15% 17% 20% 17% 16% 16% 16%
2 3 -4 8 13 15 11 25 35 37 36 41
Interest 31 25 30 18 22 32 39 13 13 40 29 41
Depreciation 22 36 42 50 57 81 108 116 127 178 198 243
Profit before tax 105 110 132 201 248 283 306 533 648 628 734 702
Tax % 24% 29% 22% 28% 29% 30% 18% 23% 24% 25% 26% 26%
79 78 102 145 176 197 250 408 490 472 546 519
EPS in Rs 1.26 2.89 3.79 5.44 6.58 7.36 9.25 15.10 18.06 17.00 20.33 19.50
Dividend Payout % 5% 6% 5% 5% 4% 4% 6% 10% 12% 21% 18% 19%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 10%
TTM: 3%
Compounded Profit Growth
10 Years: 21%
5 Years: 16%
3 Years: 3%
TTM: -3%
Stock Price CAGR
10 Years: 23%
5 Years: 25%
3 Years: 4%
1 Year: -31%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 17%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 12 12 12 12 12 15 20 20 27 27 27
Reserves 304 607 696 835 1,006 1,266 1,488 1,876 2,316 2,684 3,161 3,590
142 203 197 229 189 275 191 80 98 87 119 233
237 344 397 386 468 546 595 697 952 1,564 1,188 1,206
Total Liabilities 694 1,165 1,301 1,462 1,675 2,099 2,289 2,673 3,387 4,362 4,496 5,056
289 557 645 741 842 1,105 1,255 1,314 1,496 1,950 2,299 2,712
CWIP 8 27 15 25 73 81 44 57 123 126 151 116
Investments 0 0 0 0 0 0 0 0 0 0 0 0
397 582 641 695 759 913 990 1,302 1,768 2,286 2,046 2,228
Total Assets 694 1,165 1,301 1,462 1,675 2,099 2,289 2,673 3,387 4,362 4,496 5,056

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
67 117 226 114 282 342 405 664 543 557 823 630
-91 -343 -203 -158 -185 -291 -318 -454 72 -478 -541 -513
13 237 16 12 -71 -5 -163 -153 -44 -191 -202 -118
Net Cash Flow -11 11 38 -32 25 46 -75 57 571 -112 80 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 60 49 65 54 49 32 32 22 25 24 27
Inventory Days 92 92 84 76 94 88 124 88 91 96 100 105
Days Payable 87 93 96 80 92 86 109 96 93 88 95 89
Cash Conversion Cycle 55 60 38 61 56 51 47 23 20 33 29 43
Working Capital Days 56 64 30 47 38 32 42 18 18 20 21 30
ROCE % 34% 21% 18% 22% 23% 23% 21% 29% 29% 24% 23% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.73% 55.85% 55.85% 55.85% 55.85% 55.85% 54.10% 54.10% 54.10% 54.10% 54.10% 54.10%
16.07% 16.26% 14.88% 13.86% 15.65% 18.50% 19.79% 21.22% 22.48% 22.32% 21.07% 20.17%
13.60% 14.37% 15.23% 16.50% 15.87% 13.21% 13.66% 12.85% 12.45% 12.48% 13.76% 14.60%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.15%
14.60% 13.53% 14.04% 13.79% 12.64% 12.44% 12.44% 11.81% 10.96% 11.11% 10.90% 10.97%
No. of Shareholders 2,72,6802,70,0453,03,2813,19,8992,92,6722,95,4562,93,6022,85,6882,62,0502,93,9112,97,5273,09,714

* 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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