Astral Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 33,764 Cr.
  • Current Price 1,681
  • High / Low 1,988 / 576
  • Stock P/E 120
  • Book Value 80.1
  • Dividend Yield 0.04 %
  • ROCE 21.7 %
  • ROE 18.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 26.71% CAGR over last 5 years
  • Debtor days have improved from 45.21 to 32.25 days.
  • Company's median sales growth is 20.95% of last 10 years

Cons

  • Stock is trading at 20.97 times its book value
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
639 477 625 630 775 607 678 664 629 404 747 898
522 400 532 536 659 514 560 546 517 351 608 707
Operating Profit 117 77 94 94 116 93 119 118 112 53 139 191
OPM % 18% 16% 15% 15% 15% 15% 18% 18% 18% 13% 19% 21%
Other Income 2 4 4 4 4 7 3 2 0 4 5 6
Interest 9 12 14 1 6 7 9 5 18 6 -1 2
Depreciation 15 16 21 22 22 24 27 27 29 28 29 30
Profit before tax 95 53 64 75 92 68 86 87 65 23 116 165
Tax % 31% 29% 29% 30% 32% 30% 4% 22% 21% 11% 24% 25%
Net Profit 65 37 44 52 62 47 82 68 51 20 87 123
EPS in Rs 3.27 1.87 2.23 2.60 3.12 2.34 4.09 3.36 2.54 0.99 4.32 6.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
188 281 402 565 802 1,057 1,410 1,678 1,895 2,073 2,507 2,578 2,677
166 239 347 482 687 902 1,242 1,471 1,634 1,759 2,126 2,137 2,182
Operating Profit 22 42 55 83 115 155 168 207 260 314 381 441 495
OPM % 12% 15% 14% 15% 14% 15% 12% 12% 14% 15% 15% 17% 18%
Other Income 6 5 1 4 2 2 3 -3 9 13 15 12 15
Interest 5 5 4 23 19 31 25 30 18 22 32 39 25
Depreciation 6 9 11 14 18 22 36 42 50 57 81 108 116
Profit before tax 16 33 41 50 80 105 110 132 201 248 283 306 369
Tax % 13% 17% 21% 21% 24% 24% 29% 22% 28% 29% 30% 18%
Net Profit 14 28 33 39 61 79 76 101 145 175 196 248 281
EPS in Rs 0.74 1.47 1.75 2.10 3.22 4.20 3.85 5.06 7.25 8.77 9.81 12.34 13.98
Dividend Payout % 8% 8% 8% 6% 5% 5% 6% 5% 5% 4% 4% 6%
Compounded Sales Growth
10 Years:25%
5 Years:13%
3 Years:11%
TTM:-2%
Compounded Profit Growth
10 Years:24%
5 Years:27%
3 Years:20%
TTM:8%
Stock Price CAGR
10 Years:55%
5 Years:46%
3 Years:43%
1 Year:159%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:18%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
11 11 11 11 11 11 12 12 12 12 12 15 15
Reserves 81 106 136 173 230 304 607 696 835 1,006 1,193 1,488 1,595
Borrowings 39 41 48 94 92 142 203 197 229 189 275 191 92
65 102 135 202 211 237 344 397 386 468 618 595 564
Total Liabilities 197 261 330 480 544 694 1,165 1,301 1,462 1,675 2,099 2,289 2,266
83 92 109 164 215 289 557 645 741 842 1,105 1,255 1,234
CWIP 6 6 13 13 12 8 27 15 25 73 81 44 52
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
107 163 209 303 317 397 582 641 695 759 913 990 979
Total Assets 197 261 330 480 544 694 1,165 1,301 1,462 1,675 2,099 2,289 2,266

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 24 48 85 65 67 117 226 114 282 342 405
-39 -18 -38 -68 -67 -91 -343 -203 -158 -185 -291 -318
-1 -5 -5 8 -22 13 237 16 12 -71 -5 -163
Net Cash Flow -24 2 6 25 -24 -11 11 38 -32 25 46 -75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 26% 26% 30% 32% 34% 21% 19% 22% 23% 23% 22%
Debtor Days 79 88 71 67 48 50 60 49 65 54 49 32
Inventory Turnover 3.45 3.88 3.98 4.32 4.59 4.68 4.56 4.90 4.57 4.54 3.55

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.49 58.49 58.48 58.48 58.13 55.74 55.74 55.74 55.74 55.74 55.74 55.74
20.44 20.78 21.10 21.93 22.06 22.56 20.37 20.08 19.42 20.36 22.17 22.71
6.73 6.59 6.07 5.74 6.07 7.57 8.57 8.81 9.04 8.90 8.07 7.68
14.34 14.14 14.35 13.84 13.74 14.13 15.31 15.37 15.79 15.01 14.02 13.87

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