Astral

₹1976.8 25.4 | 1.3%

WEBSITE BSE:532830 NSE : ASTRAL 09 Jun, 12:45

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

Edit Ratio

Astral Research see more...

Astral Limited

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.

Astral Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

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

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	8.4	11.2	11.2	11.2	11.2	11.2	11.2	11.25	11.25	15
FII	3.01	4.11	4.13	4.28	3.99	3.57	3.23	3.28	3	3.72
DII	1.55	2.03	2.05	2.15	2.33	2.55	2.73	2.89	3.07	4.43
Public	2.11	2.75	2.71	2.46	2.57	2.77	2.93	2.73	2.83	3.71
Others	0	0	0	0	0	0	0	0	0	0
Total	15.07	20.09	20.09	20.09	20.09	20.09	20.09	20.15	20.15	26.86

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.