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Astral

₹1974.2 26.8 | 1.4%

Market Cap ₹53032 Cr.

Stock P/E 96.5

P/B 18.3

Current Price ₹1974.2

Book Value ₹ 108

Face Value 1

52W High ₹2058

Dividend Yield 0.18%

52W Low ₹ 1297.8

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.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Net Sales 700 1154 1099 1391 1213 1172 1268 1506 1283 1363
Other Income 4 8 6 16 11 14 -2 7 12 13
Total Income 704 1162 1105 1407 1224 1185 1266 1513 1295 1376
Total Expenditure 571 943 901 1174 1041 1028 1081 1197 1082 1143
Operating Profit 134 220 204 233 183 158 184 316 214 234
Interest 5 1 2 5 14 14 9 3 6 8
Depreciation 31 31 32 33 43 45 46 45 46 49
Exceptional Income / Expenses 0 0 0 0 0 0 0 -2 0 0
Profit Before Tax 99 187 170 195 125 99 130 266 162 177
Provision for Tax 23 44 42 49 32 24 35 65 42 45
Profit After Tax 75 143 128 146 94 75 95 201 119 132
Adjustments -1 -2 -1 -5 -5 -4 -2 5 1 -1
Profit After Adjustments 74 141 127 141 89 70 93 206 120 131
Adjusted Earnings Per Share 2.8 5.3 4.8 5.3 3.3 2.6 3.5 7.6 4.5 4.9

Astral Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 825 1080 1430 1678 1895 2073 2507 2578 3176 4394 5159 5420
Other Income 2 2 3 2 9 13 15 12 25 35 27 30
Total Income 827 1082 1433 1680 1904 2086 2523 2590 3201 4429 5185 5450
Total Expenditure 710 925 1262 1470 1631 1756 2122 2135 2532 3639 4349 4503
Operating Profit 117 158 171 210 273 329 400 455 670 790 837 948
Interest 19 31 25 30 18 22 32 39 13 13 40 26
Depreciation 18 22 36 42 50 57 81 108 117 127 178 186
Exceptional Income / Expenses 0 0 0 -1 -1 0 0 0 0 0 -2 -2
Profit Before Tax 80 105 110 137 203 251 287 308 540 649 615 735
Provision for Tax 19 25 31 30 56 72 86 57 125 158 156 187
Profit After Tax 61 79 78 107 147 178 201 251 415 490 460 547
Adjustments -0 -0 -2 -7 -3 -3 -5 -3 -11 -7 -3 3
Profit After Adjustments 61 79 76 101 145 175 196 248 404 484 457 550
Adjusted Earnings Per Share 2.4 3.2 2.9 3.8 5.4 6.6 7.3 9.2 15.1 18.1 17 20.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 26% 20% 20%
Operating Profit CAGR 6% 23% 21% 22%
PAT CAGR -6% 22% 21% 22%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 37% 35% 33% 42%
ROE Average 18% 22% 21% 21%
ROCE Average 25% 29% 26% 26%

Astral Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 241 315 619 708 847 1018 1278 1503 1896 2337 2711
Minority's Interest 0 1 17 13 12 14 15 17 21 28 248
Borrowings 64 81 121 131 122 117 163 107 17 33 32
Other Non-Current Liabilities 8 12 19 22 27 35 56 48 51 49 38
Total Current Liabilities 244 286 390 427 453 491 587 615 688 941 1195
Total Liabilities 558 694 1165 1301 1462 1675 2099 2289 2673 3387 4362
Fixed Assets 215 289 557 645 741 842 1105 1255 1315 1496 1951
Other Non-Current Assets 20 19 40 43 44 90 123 71 89 146 162
Total Current Assets 324 387 568 614 676 743 871 963 1269 1745 2054
Total Assets 558 694 1165 1301 1462 1675 2099 2289 2673 3387 4362

Astral Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 36 12 1 11 50 18 44 89 14 71 641
Cash Flow from Operating Activities 65 67 117 226 114 282 342 405 664 543 557
Cash Flow from Investing Activities -66 -91 -343 -203 -158 -185 -293 -318 -454 72 -480
Cash Flow from Financing Activities -22 13 237 16 12 -71 -5 -163 -153 -44 -191
Net Cash Inflow / Outflow -24 -11 11 38 -32 25 44 -75 57 571 -113
Closing Cash & Cash Equivalent 12 1 12 50 18 43 89 14 71 641 530

Astral Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 2.43 3.16 2.89 3.79 5.44 6.58 7.34 9.23 15.09 18.05 16.97
CEPS(Rs) 3.17 4.05 4.36 5.61 7.42 8.85 10.59 13.38 19.84 23.03 23.7
DPS(Rs) 0.25 0.33 0.38 0.4 0.5 0.6 0.7 1 2 3 3.5
Book NAV/Share(Rs) 9.62 12.58 23.48 26.56 31.77 38.16 45.16 55.9 70.68 87.09 100.67
Core EBITDA Margin(%) 12.76 13.16 10.81 11.07 12.4 15.04 15.35 17.18 20.29 17.19 15.7
EBIT Margin(%) 10.96 11.51 8.67 8.92 10.42 12.93 12.72 13.46 17.41 15.05 12.7
Pre Tax Margin(%) 8.84 8.87 7.03 7.31 9.56 11.91 11.45 11.94 17 14.76 11.93
PAT Margin (%) 6.75 6.73 5.02 5.73 6.92 8.47 8.01 9.74 13.07 11.16 8.91
Cash Profit Margin (%) 8.75 8.59 7.36 7.96 9.28 11.18 11.26 13.93 16.74 14.05 12.36
ROA(%) 11.66 12.66 8.41 8.72 10.65 11.37 10.65 11.45 16.74 16.19 11.86
ROE(%) 28.83 28.61 16.78 16.23 18.96 19.16 18.1 18.57 24.46 23.2 18.23
ROCE(%) 32.51 34.41 21.15 19.41 22.42 23.88 23.13 21.43 30.32 30.19 25.16
Receivable days 42.3 38.92 44.29 44.77 48.52 55.92 47.01 40.13 28.99 22.67 22.06
Inventory Days 56.05 53.49 53.98 52.85 47.13 54.54 54.9 66.36 58.17 50.07 56.89
Payable days 46.71 35.74 29.74 32.76 42.43 46.26 47 57.13 58.58 56.67 56.03
PER(x) 13.35 33.13 69.11 49.76 45.32 61.27 70.99 56.31 80.36 84.06 78.76
Price/Book(x) 3.37 8.32 8.49 7.11 7.75 10.56 11.54 9.3 17.16 17.42 13.28
Dividend Yield(%) 0.35 0.14 0.08 0.1 0.09 0.07 0.06 0.11 0.12 0.15 0.26
EV/Net Sales(x) 1.08 2.55 3.8 3.08 3.57 5.25 5.61 5.44 10.1 9.13 6.85
EV/Core EBITDA(x) 7.6 17.49 31.72 24.63 24.8 33 35.17 30.8 47.92 50.76 42.27
Net Sales Growth(%) 41.62 30.83 32.44 17.34 12.93 9.41 20.96 2.82 23.21 38.34 17.4
EBIT Growth(%) 36.13 37.02 -0.51 23.95 32.55 22.82 17.09 8.84 59.35 19.58 -0.94
PAT Growth(%) 54.52 30.05 -1.42 37.5 36.94 21.15 12.66 25.04 65.29 18.11 -6.3
EPS Growth(%) 53.46 30.2 -8.69 31.47 43.3 21.02 11.61 25.77 63.4 19.63 -5.97
Debt/Equity(x) 0.38 0.45 0.33 0.28 0.27 0.19 0.23 0.12 0.04 0.04 0.03
Current Ratio(x) 1.33 1.35 1.46 1.44 1.49 1.51 1.48 1.57 1.84 1.85 1.72
Quick Ratio(x) 0.71 0.67 0.78 0.79 0.89 0.79 0.81 0.69 1.16 1.08 0.99
Interest Cover(x) 5.16 4.36 5.3 5.53 12.05 12.62 10 8.81 42.22 51.27 16.38
Total Debt/Mcap(x) 0.11 0.05 0.04 0.04 0.03 0.02 0.02 0.01 0 0 0

Astral Shareholding Pattern

# Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Promoter 55.74 55.73 55.73 55.73 55.73 55.85 55.85 55.85 55.85 55.85
FII 20.58 21.32 19.85 17.79 16.07 16.26 14.88 13.86 15.64 18.5
DII 10.2 10.71 11.61 12.7 13.59 14.37 15.23 16.5 15.87 13.21
Public 13.49 12.23 12.8 13.78 14.6 13.53 14.05 13.8 12.64 12.44
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 a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 56.67 to 56.03days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 18.3 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

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