Astral Ltd

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

Astral Ltd

₹ 1,387 -0.89%
21 Feb - 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 ₹ 37,265 Cr.
  • Current Price ₹ 1,387
  • High / Low ₹ 2,454 / 1,306
  • Stock P/E 66.6
  • Book Value ₹ 124
  • Dividend Yield 0.27 %
  • ROCE 25.3 %
  • ROE 18.6 %
  • Face Value ₹ 1.00
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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 11.2 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 Industrials Nifty 200 Nifty 500 Nifty India Manufacturing Nifty500 Multicap India Manufacturing 50:30:20

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
1,029 1,109 1,068 1,042 1,141 1,361 1,149 1,223 1,243 1,488 1,253 1,230 1,270
839 923 919 911 966 1,065 963 1,016 1,045 1,207 1,044 1,024 1,049
Operating Profit 190 186 149 131 176 296 186 208 198 281 209 206 222
OPM % 18% 17% 14% 13% 15% 22% 16% 17% 16% 19% 17% 17% 17%
6 12 8 4 3 5 13 8 8 10 12 13 8
Interest 1 4 12 12 8 2 4 6 5 6 5 7 11
Depreciation 29 27 33 34 35 36 36 38 40 42 44 47 50
Profit before tax 166 167 112 88 136 264 160 171 161 243 172 165 169
Tax % 24% 28% 25% 26% 26% 26% 26% 25% 25% 25% 26% 26% 26%
126 121 84 65 101 197 119 128 120 183 128 122 126
EPS in Rs 4.71 4.51 3.15 2.43 3.78 7.32 4.44 4.77 4.47 6.82 4.77 4.55 4.69
Raw PDF

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 5,242
687 899 1,085 1,152 1,270 1,345 1,612 1,672 1,952 3,352 3,860 4,224 4,323
Operating Profit 112 151 151 166 207 237 304 370 535 709 752 879 919
OPM % 14% 14% 12% 13% 14% 15% 16% 18% 22% 17% 16% 17% 18%
2 2 2 1 8 8 9 8 8 31 20 33 43
Interest 18 30 23 28 14 17 28 34 8 10 33 21 30
Depreciation 18 21 33 35 42 47 67 90 96 116 137 156 183
Profit before tax 78 101 97 104 159 181 218 254 439 614 601 735 749
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: 5%
Compounded Profit Growth
10 Years: 22%
5 Years: 31%
3 Years: 17%
TTM: -1%
Stock Price CAGR
10 Years: 22%
5 Years: 16%
3 Years: 1%
1 Year: -33%
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 Sep 2024
Equity Capital 11 11 12 12 12 12 12 15 20 20 27 27 27
Reserves 231 304 601 720 824 937 1,142 1,317 1,625 2,271 2,652 3,103 3,294
89 136 161 170 172 116 196 122 29 35 10 49 68
207 232 278 322 308 367 435 488 548 850 899 1,033 990
Total Liabilities 539 684 1,052 1,224 1,317 1,431 1,785 1,942 2,222 3,176 3,588 4,212 4,378
206 278 285 361 409 449 686 822 875 1,388 1,531 1,896 2,009
CWIP 11 3 21 8 17 65 78 43 52 123 126 146 170
Investments 2 11 271 336 336 338 340 339 334 45 287 371 386
320 392 474 519 554 580 682 738 962 1,620 1,643 1,799 1,814
Total Assets 539 684 1,052 1,224 1,317 1,431 1,785 1,942 2,222 3,176 3,588 4,212 4,378

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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
55.73% 55.73% 55.85% 55.85% 55.85% 55.85% 55.85% 54.10% 54.10% 54.10% 54.10% 54.10%
17.79% 16.07% 16.26% 14.88% 13.86% 15.65% 18.50% 19.79% 21.22% 22.48% 22.32% 21.07%
12.70% 13.60% 14.37% 15.23% 16.50% 15.87% 13.21% 13.66% 12.85% 12.45% 12.48% 13.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15%
13.78% 14.60% 13.53% 14.04% 13.79% 12.64% 12.44% 12.44% 11.81% 10.96% 11.11% 10.90%
No. of Shareholders 2,41,9312,72,6802,70,0453,03,2813,19,8992,92,6722,95,4562,93,6022,85,6882,62,0502,93,9112,97,527

* 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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