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 ₹ 53,126 Cr.
- Current Price ₹ 1,978
- High / Low ₹ 2,454 / 1,739
- Stock P/E 95.0
- Book Value ₹ 117
- Dividend Yield 0.19 %
- ROCE 25.3 %
- ROE 18.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 17.5%
- Company's working capital requirements have reduced from 14.9 days to 10.9 days
Cons
- Stock is trading at 16.8 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.
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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
798 | 1,050 | 1,235 | 1,318 | 1,477 | 1,582 | 1,916 | 2,043 | 2,486 | 4,061 | 4,612 | 5,103 | 5,207 | |
687 | 899 | 1,085 | 1,152 | 1,270 | 1,345 | 1,612 | 1,672 | 1,952 | 3,352 | 3,860 | 4,224 | 4,312 | |
Operating Profit | 112 | 151 | 151 | 166 | 207 | 237 | 304 | 370 | 535 | 709 | 752 | 879 | 896 |
OPM % | 14% | 14% | 12% | 13% | 14% | 15% | 16% | 18% | 22% | 17% | 16% | 17% | 17% |
2 | 2 | 2 | 1 | 8 | 8 | 9 | 8 | 8 | 31 | 20 | 33 | 38 | |
Interest | 18 | 30 | 23 | 28 | 14 | 17 | 28 | 34 | 8 | 10 | 33 | 21 | 22 |
Depreciation | 18 | 21 | 33 | 35 | 42 | 47 | 67 | 90 | 96 | 116 | 137 | 156 | 164 |
Profit before tax | 78 | 101 | 97 | 104 | 159 | 181 | 218 | 254 | 439 | 614 | 601 | 735 | 747 |
Tax % | 24% | 24% | 29% | 30% | 33% | 34% | 35% | 21% | 26% | 25% | 25% | 25% | |
60 | 77 | 69 | 73 | 107 | 119 | 141 | 201 | 327 | 462 | 448 | 550 | 559 | |
EPS in Rs | 1.19 | 1.24 | 2.62 | 2.74 | 4.01 | 4.47 | 5.31 | 7.50 | 12.20 | 17.23 | 16.67 | 20.49 | 20.83 |
Dividend Payout % | 5% | 5% | 6% | 7% | 6% | 6% | 6% | 8% | 12% | 13% | 21% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 22% |
3 Years: | 27% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 31% |
3 Years: | 17% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 25% |
3 Years: | 6% |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 20% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 15 | 20 | 20 | 27 | 27 |
Reserves | 231 | 304 | 601 | 720 | 824 | 937 | 1,142 | 1,317 | 1,625 | 2,271 | 2,652 | 3,103 |
89 | 136 | 161 | 170 | 172 | 116 | 196 | 122 | 29 | 35 | 10 | 49 | |
207 | 232 | 278 | 322 | 308 | 367 | 435 | 488 | 548 | 850 | 899 | 1,033 | |
Total Liabilities | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 3,176 | 3,588 | 4,212 |
206 | 278 | 285 | 361 | 409 | 449 | 686 | 822 | 875 | 1,388 | 1,531 | 1,896 | |
CWIP | 11 | 3 | 21 | 8 | 17 | 65 | 78 | 43 | 52 | 123 | 126 | 146 |
Investments | 2 | 11 | 271 | 336 | 336 | 338 | 340 | 339 | 334 | 45 | 287 | 371 |
320 | 392 | 474 | 519 | 554 | 580 | 682 | 738 | 962 | 1,620 | 1,643 | 1,799 | |
Total Assets | 539 | 684 | 1,052 | 1,224 | 1,317 | 1,431 | 1,785 | 1,942 | 2,222 | 3,176 | 3,588 | 4,212 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
69 | 81 | 84 | 186 | 87 | 231 | 289 | 339 | 515 | 537 | 486 | 788 | |
-72 | -85 | -322 | -175 | -104 | -124 | -266 | -241 | -350 | 87 | -598 | -517 | |
-21 | -7 | 244 | 27 | -14 | -84 | -7 | -141 | -116 | -56 | -121 | -99 | |
Net Cash Flow | -24 | -10 | 6 | 39 | -31 | 23 | 15 | -42 | 48 | 568 | -232 | 173 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 50 | 56 | 50 | 66 | 51 | 43 | 25 | 26 | 18 | 19 | 19 |
Inventory Days | 93 | 89 | 80 | 80 | 68 | 89 | 85 | 119 | 85 | 89 | 94 | 97 |
Days Payable | 105 | 85 | 91 | 101 | 84 | 95 | 92 | 115 | 98 | 94 | 90 | 97 |
Cash Conversion Cycle | 35 | 53 | 45 | 29 | 50 | 45 | 36 | 29 | 13 | 12 | 23 | 18 |
Working Capital Days | 32 | 40 | 42 | 26 | 45 | 30 | 22 | 24 | 10 | 12 | 22 | 11 |
ROCE % | 31% | 33% | 20% | 16% | 18% | 19% | 21% | 21% | 29% | 31% | 25% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
16h - Resignation of Company Secretary and Compliance Officer.
- Closure of Trading Window 25 Sep
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The Company Has Started Commercial Production At Hyderabad Plant
2 Sep - Commencement of commercial production at Hyderabad Plant.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Aug - Schedule of Analyst/Institutional Investor Meetings on 29th August.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 23 Aug
Annual reports
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Financial Year 2024
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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
from nse
Concalls
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Aug 2024TranscriptPPTREC
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May 2024Transcript PPT
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Feb 2024TranscriptPPT
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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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Aug 2022TranscriptPPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021Transcript PPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Jul 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Feb 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.