Astral Ltd

Astral Ltd

₹ 1,334 -0.21%
24 Mar - close price
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

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]

  • Market Cap 35,821 Cr.
  • Current Price 1,334
  • High / Low 1,991 / 1,186
  • Stock P/E 92.5
  • Book Value 90.3
  • Dividend Yield 0.17 %
  • ROCE 29.6 %
  • ROE 22.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.0% CAGR over last 5 years
  • Debtor days have improved from 28.8 to 22.4 days.
  • Company's median sales growth is 21.0% of last 10 years
  • Company's working capital requirements have reduced from 26.4 days to 18.3 days

Cons

  • Stock is trading at 14.8 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
664 629 404 747 898 1,128 701 1,200 1,103 1,391 1,213 1,172 1,268
546 517 351 608 707 874 571 988 905 1,176 1,042 1,028 1,081
Operating Profit 118 112 53 139 191 254 129 212 198 215 171 144 186
OPM % 18% 18% 13% 19% 21% 23% 18% 18% 18% 15% 14% 12% 15%
2 0 4 8 8 5 4 8 6 16 14 14 -2
Interest 5 18 6 2 4 1 5 1 2 5 13 14 9
Depreciation 27 29 28 29 30 29 31 31 32 33 43 45 46
Profit before tax 87 65 23 116 165 229 98 187 170 193 128 99 130
Tax % 22% 21% 11% 24% 25% 23% 24% 23% 25% 25% 25% 24% 27%
Net Profit 68 52 20 88 124 176 75 143 128 144 96 75 95
EPS in Rs 2.52 1.91 0.74 3.24 4.60 6.52 2.76 5.27 4.75 5.28 3.32 2.57 3.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
402 565 802 1,057 1,410 1,678 1,895 2,073 2,507 2,578 3,176 4,394 5,043
346 482 687 902 1,242 1,470 1,633 1,759 2,126 2,136 2,539 3,640 4,327
Operating Profit 55 83 115 155 168 208 261 314 382 442 638 754 716
OPM % 14% 15% 14% 15% 12% 12% 14% 15% 15% 17% 20% 17% 14%
1 4 2 2 3 -4 8 13 15 11 25 35 42
Interest 4 23 19 31 25 30 18 22 32 39 13 13 42
Depreciation 11 14 18 22 36 42 50 57 81 108 116 127 166
Profit before tax 41 50 80 105 110 132 201 248 283 306 533 648 550
Tax % 21% 21% 24% 24% 29% 22% 28% 29% 30% 18% 23% 24%
Net Profit 33 39 61 79 78 102 145 176 197 250 408 490 410
EPS in Rs 0.66 0.79 1.21 1.26 2.89 3.79 5.44 6.58 7.36 9.25 15.10 18.06 14.63
Dividend Payout % 8% 6% 5% 5% 6% 5% 5% 4% 4% 6% 10% 12%
Compounded Sales Growth
10 Years: 23%
5 Years: 18%
3 Years: 21%
TTM: 22%
Compounded Profit Growth
10 Years: 29%
5 Years: 27%
3 Years: 35%
TTM: -25%
Stock Price CAGR
10 Years: 45%
5 Years: 28%
3 Years: 42%
1 Year: -9%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 22%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
11 11 11 11 12 12 12 12 12 15 20 20 20
Reserves 136 173 230 304 607 696 835 1,006 1,266 1,488 1,876 2,316 2,406
48 94 92 142 203 197 229 189 275 191 80 98 95
135 202 211 237 344 397 386 468 546 595 697 952 1,449
Total Liabilities 330 480 544 694 1,165 1,301 1,462 1,675 2,099 2,289 2,673 3,387 3,971
109 164 215 289 557 645 741 842 1,105 1,255 1,314 1,496 1,878
CWIP 13 13 12 8 27 15 25 73 81 44 57 123 86
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
209 303 317 397 582 641 695 759 913 990 1,302 1,768 2,007
Total Assets 330 480 544 694 1,165 1,301 1,462 1,675 2,099 2,289 2,673 3,387 3,971

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
48 85 65 67 117 226 114 282 342 405 664 543
-38 -68 -67 -91 -343 -203 -158 -185 -291 -318 -454 72
-5 8 -22 13 237 16 12 -71 -5 -163 -153 -44
Net Cash Flow 6 25 -24 -11 11 38 -32 25 46 -75 57 571

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 71 67 48 50 60 49 65 54 49 32 32 22
Inventory Days 108 113 95 92 92 84 76 94 88 124 88 91
Days Payable 142 152 107 87 93 96 80 92 86 109 96 93
Cash Conversion Cycle 37 28 36 55 60 38 61 56 51 47 23 20
Working Capital Days 42 24 31 56 64 30 47 38 32 42 18 18
ROCE % 26% 30% 32% 34% 21% 19% 22% 23% 23% 21% 30% 30%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
55.74 55.74 55.74 55.74 55.74 55.73 55.73 55.73 55.73 55.85 55.85 55.85
19.42 20.36 22.17 22.71 22.75 21.32 19.85 17.79 16.07 16.26 14.88 13.75
9.04 8.90 8.07 7.68 8.03 10.72 11.62 12.70 13.60 14.37 15.23 16.03
15.79 15.01 14.02 13.87 13.49 12.23 12.80 13.78 14.60 13.53 14.04 14.37

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls