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Screener Research Unlisted Startup Funding IPO

Astral

₹1976.8 25.4 | 1.3%

Market Cap ₹53105 Cr.

Stock P/E 115.9

P/B 19.6

Current Price ₹1976.8

Book Value ₹ 100.9

Face Value 1

52W High ₹1990.5

Dividend Yield 0.18%

52W Low ₹ 1188

Overview Inc. Year: 1996Industry: Plastic Products

Astral Limited, previously Astral Poly Technik Limited, is an India-based pipe organisation. The Company is engaged in manufacturing plumbing and drainage structures. The Company and its subsidiaries are engaged within the enterprise of producing and trading of pipes, fittings and adhesive solutions. Its product variety consists of plumbing pipe & fittings, insulation tube, industrial pipes & fittings, sewerage drainage pipes & fittings, fire sprinklers pipes & fittings, ancillary products, agriculture pipes & fittings, cable safety, urban infrastructure and surface drainage gadget. The Company gives numerous products below its product variety, inclusive of Astral chlorinated polyvinyl chloride (CPVC) PRO, Astral Pex-a PRO, Astral Aquarius unplasticized polyvinyl chloride (uPVC), Astral INSUPro, Astral Chem PRO, Astral Aquarius Plus, Astral Fire Pro, Astral clamps and hangers, Astral Borewell, Astral Casewell, Geo Rex, Astral Aqua Rex, Astral WireGuard, Astral MultiRex and Telerex.

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Astral Share Price

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Volume
Price

Quarterly Price

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Astral Quarterly Results

#(Fig in Cr.) Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 898 1128 700 1154 1099 1391 1213 1172 1268 1506
Other Income 6 5 4 8 6 16 11 14 -2 7
Total Income 904 1133 704 1162 1105 1407 1224 1185 1266 1513
Total Expenditure 706 873 571 943 901 1174 1041 1028 1081 1197
Operating Profit 198 260 134 220 204 233 183 158 184 316
Interest 2 1 5 1 2 5 14 14 9 3
Depreciation 30 29 31 31 32 33 43 45 46 45
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -2
Profit Before Tax 166 229 99 187 170 195 125 99 130 266
Provision for Tax 41 53 23 44 42 49 32 24 35 65
Profit After Tax 125 177 75 143 128 146 94 75 95 201
Adjustments -2 -2 -1 -2 -1 -5 -5 -4 -2 5
Profit After Adjustments 123 175 74 141 127 141 89 70 93 206
Adjusted Earnings Per Share 4.6 6.5 2.8 5.3 4.8 5.3 3.3 2.6 3.5 7.6

Astral Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 583 825 1080 1430 1678 1895 2073 2507 2578 3176 4394 5159
Other Income 4 2 2 3 2 9 13 15 12 25 35 30
Total Income 587 827 1082 1433 1680 1904 2086 2523 2590 3201 4429 5188
Total Expenditure 500 710 925 1262 1470 1631 1756 2122 2135 2532 3639 4347
Operating Profit 87 117 158 171 210 273 329 400 455 670 790 841
Interest 23 19 31 25 30 18 22 32 39 13 13 40
Depreciation 14 18 22 36 42 50 57 81 108 117 127 179
Exceptional Income / Expenses 0 0 0 0 -1 -1 0 0 0 0 0 -2
Profit Before Tax 50 80 105 110 137 203 251 287 308 540 650 620
Provision for Tax 11 19 25 31 30 56 72 86 57 125 158 156
Profit After Tax 39 61 79 78 107 147 178 201 251 415 492 465
Adjustments 0 -0 -0 -2 -7 -3 -3 -5 -3 -11 -9 -6
Profit After Adjustments 39 61 79 76 101 145 175 196 248 404 484 458
Adjusted Earnings Per Share 1.6 2.4 3.2 2.9 3.8 5.4 6.6 7.3 9.2 15.1 18.1 17

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 38% 21% 18% 22%
Operating Profit CAGR 18% 25% 24% 25%
PAT CAGR 19% 35% 27% 29%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 56% 58% 34% 44%
ROE Average 23% 22% 21% 22%
ROCE Average 30% 27% 26% 26%

Astral Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 184 241 315 619 708 847 1018 1278 1503 1896 2337
Minority's Interest -0 0 1 17 13 12 14 15 17 21 28
Borrowings 65 64 81 121 131 122 117 163 107 17 33
Other Non-Current Liabilities 1 8 12 19 22 27 35 56 48 51 49
Total Current Liabilities 237 244 286 390 427 453 491 587 615 688 941
Total Liabilities 488 558 694 1165 1301 1462 1675 2099 2289 2673 3387
Fixed Assets 164 215 289 557 645 741 842 1105 1255 1315 1496
Other Non-Current Assets 17 20 19 40 43 44 90 123 71 89 146
Total Current Assets 306 324 387 568 614 676 743 871 963 1269 1745
Total Assets 488 558 694 1165 1301 1462 1675 2099 2289 2673 3387

Astral Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 10 36 12 1 11 50 18 44 89 14 71
Cash Flow from Operating Activities 85 65 67 117 226 114 282 342 405 664 543
Cash Flow from Investing Activities -68 -66 -91 -343 -203 -158 -185 -293 -318 -454 72
Cash Flow from Financing Activities 8 -22 13 237 16 12 -71 -5 -163 -153 -44
Net Cash Inflow / Outflow 25 -24 -11 11 38 -32 25 44 -75 57 571
Closing Cash & Cash Equivalent 36 12 1 12 50 18 43 89 14 71 641

Astral Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 1.58 2.43 3.16 2.89 3.79 5.44 6.58 7.34 9.23 15.09 18.05
CEPS(Rs) 2.13 3.17 4.05 4.36 5.61 7.42 8.85 10.59 13.38 19.84 23.1
DPS(Rs) 0.23 0.25 0.33 0.38 0.4 0.5 0.6 0.7 1 2 3
Book NAV/Share(Rs) 7.32 9.62 12.58 23.48 26.56 31.77 38.16 45.16 55.9 70.68 87.09
Core EBITDA Margin(%) 13.22 12.76 13.16 10.81 11.07 12.4 15.04 15.35 17.18 20.29 17.19
EBIT Margin(%) 11.62 10.96 11.51 8.67 8.92 10.42 12.93 12.72 13.46 17.41 15.1
Pre Tax Margin(%) 7.99 8.84 8.87 7.03 7.31 9.56 11.91 11.45 11.94 17 14.8
PAT Margin (%) 6.31 6.75 6.73 5.02 5.73 6.92 8.47 8.01 9.74 13.07 11.2
Cash Profit Margin (%) 8.51 8.75 8.59 7.36 7.96 9.28 11.18 11.26 13.93 16.74 14.09
ROA(%) 9.57 11.66 12.66 8.41 8.72 10.65 11.37 10.65 11.45 16.74 16.25
ROE(%) 23.97 28.83 28.61 16.78 16.23 18.96 19.16 18.1 18.57 24.46 23.29
ROCE(%) 30.87 32.51 34.41 21.15 19.41 22.42 23.88 23.13 21.43 30.32 30.28
Receivable days 52.82 42.3 38.92 44.29 44.77 48.52 55.92 47.01 40.13 28.99 22.67
Inventory Days 62.42 56.05 53.49 53.98 52.85 47.13 54.54 54.9 66.36 58.17 50.07
Payable days 55.6 46.71 35.74 29.74 32.76 42.43 46.26 47 57.13 58.58 55.41
PER(x) 11.04 13.35 33.13 69.11 49.76 45.32 61.27 70.99 56.31 80.36 84.06
Price/Book(x) 2.38 3.37 8.32 8.49 7.11 7.75 10.56 11.54 9.3 17.16 17.42
Dividend Yield(%) 0.58 0.35 0.14 0.08 0.1 0.09 0.07 0.06 0.11 0.12 0.15
EV/Net Sales(x) 0.85 1.08 2.55 3.8 3.08 3.57 5.25 5.61 5.44 10.1 9.13
EV/Core EBITDA(x) 5.71 7.6 17.49 31.72 24.63 24.8 33 35.17 30.8 47.92 50.76
Net Sales Growth(%) 41.69 41.62 30.83 32.44 17.34 12.93 9.41 20.96 2.82 23.21 38.34
EBIT Growth(%) 58.68 36.13 37.02 -0.51 23.95 32.55 22.82 17.09 8.84 59.35 19.92
PAT Growth(%) 20.15 54.52 30.05 -1.42 37.5 36.94 21.15 12.66 25.04 65.29 18.57
EPS Growth(%) 20.25 53.46 30.2 -8.69 31.47 43.3 21.02 11.61 25.77 63.4 19.63
Debt/Equity(x) 0.51 0.38 0.45 0.33 0.28 0.27 0.19 0.23 0.12 0.04 0.04
Current Ratio(x) 1.29 1.33 1.35 1.46 1.44 1.49 1.51 1.48 1.57 1.84 1.85
Quick Ratio(x) 0.76 0.71 0.67 0.78 0.79 0.89 0.79 0.81 0.69 1.16 1.08
Interest Cover(x) 3.2 5.16 4.36 5.3 5.53 12.05 12.62 10 8.81 42.22 51.42
Total Debt/Mcap(x) 0.22 0.11 0.05 0.04 0.04 0.03 0.02 0.02 0.01 0 0

Astral Shareholding Pattern

# Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Promoter 55.74 55.74 55.74 55.73 55.73 55.73 55.73 55.85 55.85 55.85
FII 19.97 20.45 20.58 21.32 19.85 17.79 16.07 16.26 14.88 13.86
DII 10.27 10.12 10.2 10.71 11.61 12.7 13.59 14.37 15.23 16.5
Public 14.02 13.69 13.49 12.23 12.8 13.78 14.6 13.53 14.05 13.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 58.58 to 55.41days.
  • Company is almost debt free.

Cons

  • Stock is trading at 19.6 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.

Astral News