Astral Ltd Stock Analysis

BSE: 532830 | NSE: ASTRAL | Plastic Products | Large Cap

BSE Share Price 27-Jan-2023 18:01
1963.05 -15.85 (-0.80%)

DeciZen - Make an Informed Decision on Astral

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Astral Price Chart

P/E Ratio ( CD) :
92.40
Market Cap :
39,547.4 Cr.
52-wk low :
1,584
52-wk high :
2,654
Bole Toh?

1. Is Astral Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Astral Ltd is a good quality company.

2. Is Astral Ltd undervalued or overvalued?

The key valuation ratios of Astral Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Astral Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Astral Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Astral:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 24.3%26.1%14.3%14.1%15.3%15.9%15.4%16.8%21.7%21.6%-
Value Creation Index 0.70.90.00.00.10.20.10.30.90.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8251,0801,4301,6781,8952,0732,5072,5783,1764,3944,874
YoY Gr. Rt. %-30.8%32.4%17.3%12.9%9.4%21%2.8%23.2%38.3%-
Adj EPS 3.34.43.85.278.49.612.319.523.421.3
YoY Gr. Rt. %-33.4%-13.1%36.5%36.1%20.2%14.2%27.8%57.9%20.5%-
BVPS (₹) 12.816.831.335.442.450.960.274.594.2116.1120.4
Adj Net Profit 6181.674.6103140168193247391471428
Cash Flow from Ops. 64.867.4117226114282342405664543-
Debt/CF from Ops. 1.42.11.70.920.70.80.50.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.4%18.3%20.6%38.3%
Adj EPS 24.5%27.3%34.5%20.5%
BVPS 27.722.424.523.2
Share Price 46.4% 33.3% 29.6% -6.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 28.729.31615.51818.116.817.82322.218
Op. Profit Mgn % 14.214.811.812.613.915.315.417.220.317.215
Net Profit Mgn % 7.47.65.46.57.58.37.99.712.610.98.8
Debt to Equity 0.40.50.30.30.30.20.20.1000
Working Cap Days 1201111131131091211111199781150
Cash Conv. Cycle 6163737161756666423063

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.56%

Net Profit is growing at healthy rate in last 3 years 34.45%

Sales growth is good in last 4 quarters at 29.11%

Return on Equity has declined versus last 3 years average to 18.00%

Latest Financials - Astral Ltd.

Standalone Consolidated
TTM EPS (₹) 18.4 21.3
TTM Sales (₹ Cr.) 3,908 4,874
BVPS (₹.) 119.4 120.4
Reserves (₹ Cr.) 2,385 2,405
P/BV 16.44 16.31
PE 107.00 92.40
From the Market
52 Week Low / High (₹) 1584.00 / 2654.00
All Time Low / High (₹) 1.84 / 2654.00
Market Cap (₹ Cr.) 39,547
Equity (₹ Cr.) 20.2
Face Value (₹) 1
Industry PE 19.9

Management X-Ray of Astral :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Astral

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Astral Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Astral on 27-Jan-2023 18:01 is : 1,963.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Jan-2023 18:01 the market cap of Astral stood at ₹ 39,547.4.
The latest PE ratio of Astral as of 27-Jan-2023 18:01 is 107.0.
The latest PB ratio of Astral as of 27-Jan-2023 18:01 is 16.44
The 52-week high of Astral is ₹ 2,654 and the 52-week low is ₹ 1,584.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Astral is ₹ 3,908 ( Cr.) .

About Astral Ltd

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.
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