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Astral Ltd Stock Analysis

Large Cap
Evaluated by 2941 users | BSE: 532830 | NSE: ASTRAL |
Plastic Products
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Astral Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 20.21%23.15%24.32%26.1%14.26%14.14%15.25%15.9%15.41%16.81%21.69%-
Value Creation Index NANANANANA0.090.170.220.190.29NA-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4115838251,0801,4301,6781,8952,0732,5072,5783,1763,880
Y-o-Y Gr. Rt.-41.7%41.6%30.8%32.4%17.3%12.9%9.4%21%2.8%23.2%-
Adjusted EPS (Rs.) 1.752.083.264.353.785.167.028.449.6412.3219.4525.53
Y-o-Y Gr. Rt.-18.9%56.7%33.4%-13.1%36.5%36.1%20.2%14.2%27.8%57.9%-
Book Value per Share (Rs.) 7.829.7612.8216.7731.3135.4242.3650.8760.2174.5394.23104.15
Adjusted Net Profit 32.738.96181.674.6103140168193247391513
Net Op. Cash Flow (Rs. Cr.) 50.185.164.867.4117226114282342405664-
Debt to Cash Flow from Ops 0.961.11.422.111.730.872.010.670.80.460.1-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Astral Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 20.7%13.6%15.3%23.2%
Adjusted EPS 28.2%30.4%32.1%57.9%
Book Value per Share 28.721.622.826.4
Share Price 61.8% 56.6% 51.5% 102%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 24.6723.4528.6729.315.9815.5118.0218.0616.7717.82325.74
Operating Profit Margin (%) 13.4714.214.1914.811.7912.5613.9315.2815.3617.2320.2920.3
Net Profit Margin (%) 7.966.677.447.595.386.537.538.287.889.7312.6413.22
Debt to Equity 0.330.510.380.450.330.280.270.190.230.120.040.01
Working Capital Days 15214012011111311310912111111997114
Cash Conversion Cycle 747261637371617566664252
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Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 55.73%
Institutions 32.04%
Non-Institutions 12.23%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworks4me indicates that Astral Ltd is a good quality company.

Astral Ltd's earnings have grown by 30.4%, whereas share price has appreciated 56.6% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

Astral Ltd share price has appreciated 61.8% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Astral Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.

Astral Poly Technik has established itself as one of India’s dominant brands in the plastic piping segment with diverse end-user applications. Incorporated in 1996, the company is steadily progressing in the adhesive segment and infrastructure products as well. The company has been a pioneer in introducing Chlorinated Polyvinyl Chloride (CPVC) pipes and fittings in the country. The company offers a wide array of products across piping and adhesives

Astral Poly Technik has established itself as one of India’s dominant brands in the plastic piping segment with diverse end-user applications. Incorporated in 1996, the company is steadily progressing in the adhesive segment and infrastructure products as well. The company has been a pioneer in introducing Chlorinated Polyvinyl Chloride (CPVC) pipes and fittings in the country. The company offers a wide array of products across piping and adhesives categories to meet the dynamic needs of the real estate sector and millions of Indian households. With strategically-located manufacturing facilities in India and overseas, the company is counted for bringing the most innovative piping and adhesive products with unmatched quality.

Underpinned by its entrenched market presence and wide geographical footprint, the company today is an integrated CPVC player with robust capacity and execution prowess. The company has strengthened its product portfolio by acquiring Rex Polyextrusion (REPL) a couple of years back. The expanded product suit enables the company to offer newer products in the infrastructure segment with varied applications. With strong focus on promotion, the company has continuously increased its brand visibility and customer penetration across the country.

Business area of the company

The company is among the country’s leading manufacturers of plastic pipes used across the industries and is now making strong inroads into the adhesives segment and infrastructure products. It manufactures plumbing, drainage, agriculture, industrial, electrical conduit and fire sprinkler pipes along with selling Hauraton surface drainage systems in India. It has set new benchmarks of quality and innovation in plumbing and drainage solutions of the country.

Products:

  • Plumbing Pipes & Fittings: CPVC PRO, Pex-a PRO, Aquarius
  • Sewerage Drainage Pipes & Fittings: Silencio, DrainMaster, Foamcore, DrainHulk, Underground, D-Rex
  • Agriculture Pipes & Fittings: Bore-Well, Case-Well, Aquasafe, Geo-Rex
  • Cleaning And Protectants: Resi Shield Glass and Surface Cleaner, Resi Shield Glass and Surface Protectant, Resi Shield Lime Scale Remover, Resi Shield Stain Remover Scrub, Resi Shield Surface Cleaner
  • Instant Hand Sanitizers: Resi Shield Hand Sanitizer
  • Surface Drainage System: Hauraton
  • Insulation Tube: Insu PRO
  • Fire Sprinklers Pipes & Fittings: Fire PRO
  • Cable Protection: Wire Guard, TeleRex
  • Urban Infrastructure: Plus+StiRex, Pre-StiRex
  • Industrial Pipes & Fittings: Chem PRO, Aquarius Plus
  • Ancillary Products: Clamps & Hangers

Awards:

  • 2012-13: Enterprising Entrepreneur of the year Award.
  • 2013: Business Standard Star SME of the year Award.
  • 2014: First BIS certification for Automatic Fire Sprinkler Piping System.
  • 2016: India’s Most Trusted Pipe Brand Award.
  • 2016: ET Inspiring Business Leaders of India Award.
  • 2016: India’s Most Attractive Pipe Brand Award.
  • 2018: Received ‘CFO 100’ award.
  • 2019: Most Trusted Piping Brand -TRA.
  • 2019: Received ‘CFO 100’ award.

Milestones:

  • 1999: First to introduce CPVC piping system in India.
  • 2004: First to launch a lead-free uPVC piping system in India.
  • 2007: First to get NSF Approval for CPVC piping system in India.
  • 2007: Astral became public limited company.
  • 2008: Kenya Plant Commissioned.
  • 2009: Dholka Plant Commissioned.
  • 2012: First to launch lead-free uPVC column pipes in India.
  • 2014: Forays into bendable CPCV pipes for gas distribution.
  • 2014: Acquires 80 percent controlling stake in UK-based adhesive and sealants maker Seal It Services.
  • 2014: Acquires 76 percent in Resinova for Rs 213 crore.
  • 2014: Wire Guard launch.
  • 2015: Launched Astral Silencio.
  • 2017: Launched Hauraton Surface Drainage System.
  • 2017: Resiquick Launch.
  • 2018: USA Plant of Seal It commissioned.
  • 2018: Rescue Tape Launch.
  • 2018: Ghiloth Plant Commissioned.
  • 2018: Launched Pex-a Pro – Next Gen Hot and Cold Plumbing System.
  • 2018: Announces acquisition of Rex Polyextrusion with 51% equity buyout.
  • 2019: Astral Pipes Join Hands With Prabhas Starrer Saaho.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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