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Astral Overview

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 infr...Read More

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Astral Key Financials

Market Cap ₹37966 Cr.

Stock P/E 73.2

P/B 10.1

Current Price ₹1413.2

Book Value ₹ 140.5

Face Value 1

52W High ₹1595

Dividend Yield 0.27%

52W Low ₹ 1232

Astral Share Price

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Volume
Price

Astral Quarterly Price

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Astral Peer Comparison

Astral Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 1283 1363 1370 1625 1384 1370 1397 1681 1361 1577
Other Income 12 13 6 10 12 9 12 9 9 11
Total Income 1295 1376 1377 1635 1396 1379 1409 1690 1370 1589
Total Expenditure 1082 1143 1165 1334 1169 1160 1178 1380 1176 1321
Operating Profit 214 234 212 302 226 219 231 311 194 268
Interest 6 8 8 8 8 10 14 10 12 16
Depreciation 46 49 50 53 56 60 63 65 72 72
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 162 177 154 241 163 149 154 236 110 180
Provision for Tax 42 45 41 60 44 40 42 58 31 45
Profit After Tax 119 132 113 181 120 109 113 178 79 135
Adjustments 1 -1 0 0 1 1 1 1 2 0
Profit After Adjustments 120 131 114 182 120 110 114 179 81 135
Adjusted Earnings Per Share 4.5 4.9 4.2 6.8 4.5 4.1 4.2 6.7 3 5

Astral Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1430 1678 1895 2073 2507 2578 3176 4394 5159 5641 5832 6016
Other Income 3 2 9 13 15 12 25 35 27 42 41 41
Total Income 1433 1680 1904 2086 2523 2590 3201 4429 5185 5684 5874 6058
Total Expenditure 1262 1470 1631 1756 2122 2135 2532 3639 4349 4723 4887 5055
Operating Profit 171 210 273 329 400 455 670 790 837 960 987 1004
Interest 25 30 18 22 32 39 13 13 40 29 41 52
Depreciation 36 42 50 57 81 108 117 127 178 198 243 272
Exceptional Income / Expenses 0 -1 -1 0 0 0 0 0 -2 0 0 0
Profit Before Tax 110 131 201 248 283 306 533 649 615 734 703 680
Provision for Tax 31 30 56 72 86 57 125 158 156 188 184 176
Profit After Tax 78 102 145 176 197 250 408 490 460 546 519 505
Adjustments -2 -1 0 -1 -2 -2 -4 -7 -3 1 5 4
Profit After Adjustments 76 101 145 175 196 248 404 484 457 546 524 509
Adjusted Earnings Per Share 2.9 3.8 5.4 6.6 7.3 9.2 15.1 18.1 17 20.3 19.5 18.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 10% 18% 15%
Operating Profit CAGR 3% 8% 17% 19%
PAT CAGR -5% 2% 16% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% -2% 9% 23%
ROE Average 15% 17% 20% 19%
ROCE Average 21% 24% 26% 24%

Astral Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 619 708 847 1018 1278 1503 1896 2337 2711 3188 3617
Minority's Interest 17 13 12 14 15 17 21 28 248 80 76
Borrowings 121 131 122 117 163 107 17 33 32 44 90
Other Non-Current Liabilities 19 22 27 35 56 48 51 49 38 63 122
Total Current Liabilities 390 427 453 491 587 615 688 941 1195 1121 1143
Total Liabilities 1165 1301 1462 1675 2099 2289 2673 3387 4362 4496 5048
Fixed Assets 557 645 741 842 1105 1255 1315 1496 1951 2299 2712
Other Non-Current Assets 40 43 44 90 123 71 89 146 162 211 187
Total Current Assets 568 614 672 743 871 963 1269 1745 2054 1986 2149
Total Assets 1165 1301 1462 1675 2099 2289 2673 3387 4362 4496 5048

Astral Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 11 50 18 44 89 14 71 641 530 609
Cash Flow from Operating Activities 117 226 114 282 342 405 664 543 557 823 630
Cash Flow from Investing Activities -343 -203 -158 -185 -293 -318 -454 72 -480 -541 -513
Cash Flow from Financing Activities 237 16 12 -71 -5 -163 -153 -44 -191 -203 -118
Net Cash Inflow / Outflow 11 38 -32 25 44 -75 57 571 -113 80 -1
Closing Cash & Cash Equivalent 12 50 18 43 89 14 71 641 530 609 608

Astral Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.89 3.79 5.44 6.58 7.34 9.23 15.09 18.05 16.97 20.3 19.47
CEPS(Rs) 4.36 5.4 7.32 8.75 10.45 13.32 19.58 23.03 23.7 27.63 28.34
DPS(Rs) 0.38 0.4 0.5 0.6 0.7 1 2 3 3.5 3.75 3.75
Book NAV/Share(Rs) 23.48 26.56 31.77 38.16 45.16 55.9 70.68 87.09 100.67 118.41 134.34
Core EBITDA Margin(%) 10.81 11.07 12.4 15.04 15.35 17.18 20.29 17.19 15.7 16.28 16.22
EBIT Margin(%) 8.67 8.63 10.3 12.81 12.58 13.4 17.19 15.05 12.7 13.52 12.75
Pre Tax Margin(%) 7.03 7.02 9.44 11.78 11.3 11.87 16.78 14.76 11.93 13 12.04
PAT Margin (%) 5.02 5.44 6.8 8.34 7.87 9.68 12.85 11.16 8.91 9.67 8.9
Cash Profit Margin (%) 7.36 7.67 9.16 11.05 11.12 13.87 16.52 14.05 12.36 13.17 13.07
ROA(%) 8.41 8.26 10.46 11.2 10.46 11.38 16.45 16.19 11.86 12.32 10.87
ROE(%) 16.78 15.39 18.62 18.88 17.78 18.46 24.05 23.2 18.23 18.52 15.26
ROCE(%) 21.15 18.76 22.15 23.65 22.87 21.33 29.93 30.19 25.16 25.13 21.12
Receivable days 44.29 44.77 48.52 55.92 47.01 40.13 28.99 22.67 22.06 23.63 25.38
Inventory Days 53.98 52.85 47.13 54.54 54.9 66.36 58.17 50.07 56.89 57.84 60.22
Payable days 29.74 32.76 42.43 46.26 47 57.13 58.58 56.67 56.03 60.71 65.06
PER(x) 69.1 49.76 45.32 61.27 70.99 56.31 80.36 84.06 78.76 98.05 66.4
Price/Book(x) 8.49 7.11 7.75 10.56 11.54 9.3 17.16 17.42 13.28 16.81 9.62
Dividend Yield(%) 0.08 0.1 0.09 0.07 0.06 0.11 0.12 0.15 0.26 0.19 0.29
EV/Net Sales(x) 3.8 3.08 3.57 5.25 5.61 5.44 10.1 9.13 6.85 9.4 5.88
EV/Core EBITDA(x) 31.72 24.63 24.8 33 35.17 30.8 47.92 50.76 42.27 55.22 34.76
Net Sales Growth(%) 32.44 17.34 12.93 9.41 20.96 2.82 23.21 38.34 17.4 9.36 3.39
EBIT Growth(%) -0.51 19.84 30.99 23.07 16.92 9.58 58.06 19.58 -0.94 16.41 -2.48
PAT Growth(%) -1.42 30.4 34.5 21.5 12.32 26.51 63.54 18.11 -6.3 18.74 -4.89
EPS Growth(%) -8.69 31.47 43.3 21.02 11.61 25.77 63.4 19.63 -5.97 19.6 -4.08
Debt/Equity(x) 0.33 0.28 0.27 0.19 0.23 0.12 0.04 0.04 0.03 0.03 0.04
Current Ratio(x) 1.46 1.44 1.48 1.51 1.48 1.57 1.84 1.85 1.72 1.77 1.88
Quick Ratio(x) 0.78 0.79 0.88 0.79 0.81 0.69 1.16 1.08 0.99 0.96 1
Interest Cover(x) 5.3 5.35 11.91 12.5 9.88 8.77 41.69 51.27 16.38 26.21 18.01
Total Debt/Mcap(x) 0.04 0.04 0.03 0.02 0.02 0.01 0 0 0 0 0

Astral Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 55.85 54.1 54.1 54.1 54.1 54.1 54.1 54.1 54.21 54.22
FII 18.5 19.79 21.22 22.48 22.32 21.08 20.17 20.14 16.61 15.21
DII 13.21 13.67 12.85 12.45 12.47 13.92 14.76 14.9 17.79 19.54
Public 12.44 12.44 11.82 10.97 11.11 10.9 10.97 10.85 11.39 11.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Astral News

Astral Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 60.71 to 65.06days.
  • Stock is trading at 10.1 times its book value.
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