MoneyWorks4Me

Astral Ltd (ASTRAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532830 NSE: ASTRAL Plastic Products | Mid Cap | Astral Share Price

₹1,561 -31.00 (-1.95%)

As on 14-Aug'26 14:42

Astral Ltd (ASTRAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532830 NSE: ASTRAL Plastic Products | Mid Cap | Astral Share Price

₹1,561 -31.00 (-1.95%)

As on 14-Aug'26 14:42

Key Metrics
Valuation Multiples
Market Cap
₹42,769 Cr.
Current Price
₹1,561
52-Week Low / High
₹1,270 / 1,768
TTM EPS
₹21.4
TTM Sales
₹6,785 Cr.
Book Value per Share
₹155.5
P/E Ratio
74.32
Lower than its 5-year historical median
Industry PE
39.1
Price to Book (P/B)
10.24
Lower than its 5-year historical median
Price to Sales (P/S)
6.30
Lower than its 5-year historical median
EV/EBITDA
36.21
Lower than its 5-year historical median
Dividend Yield
0.26%
Profitability Efficiency
Return on Equity (ROE)
13.94%
Underperforms industry median
Return on Capital Employed (ROCE)
19.95%
Underperforms industry median
Return on Assets (ROA)
9.87%
Operating Profit Margin
16.2%
Net Profit Margin
8.14%
Gross Profit Margin
15.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.62%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
12.26%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.04%
Asset Quality
Promoter Holding
54.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,150 Cr.
Equity
₹26.9 Cr.
Face Value
₹1
All Time Low / High
₹1.38 / 2453.95

Astral stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Astral Ltd a good quality company?
Astral Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Astral Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Astral Ltd vs industry peers?
Astral Ltd revenue CAGR is 15.64%, compared to the industry median CAGR of 13.84%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Astral Ltd?
Promoters hold 54.22% of the Astral Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Astral Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.1% based on the current price.

DeciZen - make an informed investing decision on Astral

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 22.2%23.7%22.9%21.3%29.9%30.2%25.2%25.1%21.1%20%-
Value Creation
Index
0.60.80.70.61.71.71.21.20.90.8-

Growth Parameters

Sales 1,8952,0732,5072,5783,1764,3945,1595,6415,8326,5696,785
Sales YoY Gr.-9.4%21%2.8%23.2%38.3%17.4%9.4%3.4%12.6%-
Adj EPS 5.36.37.29.214.617.616.420.319.320.321.4
YoY Gr.-20.1%14.2%27.8%57.9%20.4%-6.4%23.3%-5%5.2%-
BVPS (₹) 31.838.245.255.970.787.1100.7118.4134.3150.8155.5
Adj Net
Profit
140168193247391471442544517544576
Cash Flow from Ops. 1142823424056645435578236301,117-
Debt/CF from Ops. 20.70.80.50.10.20.10.10.20.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.8%15.6%8.4%12.6%
Adj EPS 16.1%6.8%7.2%5.2%
BVPS18.9%16.4%14.4%12.3%
Share Price 22.1% 0.4% -7.8% 22.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1818.116.817.82322.217.518.515.214.214
Op. Profit
Mgn %
13.915.315.417.220.317.215.716.416.216.216.3
Net Profit
Mgn %
7.48.27.79.712.410.98.99.68.88.38.5
Debt to
Equity
0.30.20.20.1000000-
Working Cap
Days
10812011111997819092959559
Cash Conv.
Cycle
6175666642303639413626

Valuation of Astral - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,8952,0732,5072,5783,1764,3945,1595,6415,8326,569
Operating Expenses + 1,6311,7562,1222,1352,5323,6394,3494,7234,8875,507
Manufacturing Costs88101123135132233326386574638
Material Costs1,3031,3831,6481,5961,9692,8633,3283,3503,3983,822
Employee Cost 89106139175191245319438518590
Other Costs 151165212229240298375549397456
Operating Profit 2643173854436457558109189461,062
Operating Profit Margin (%) 13.9%15.3%15.4%17.2%20.3%17.2%15.7%16.3%16.2%16.2%
Other Income + 9131512253527424147
Exceptional Items -100000-200-23
Interest 18223239131340294164
Depreciation 505781108117127178198243292
Profit Before Tax 201248283306533649615734703731
Tax 56728657125158156188184196
Profit After Tax 145176197250408490460546519535
PAT Margin (%) 7.6%8.5%7.9%9.7%12.9%11.2%8.9%9.7%8.9%8.1%
Adjusted EPS (₹)5.46.67.39.215.118.117.020.319.520.0
Dividend Payout Ratio (%)4.10%4.10%4.30%6.10%9.90%12.50%20.60%18.50%19.30%20.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8471,0171,2051,5021,8952,3352,7093,1873,6154,058
Share Capital 12121215202027272727
Reserves 8351,0051,1931,4871,8752,3152,6823,1603,5884,031
Debt +16212319412740787193141145
Long Term Debt122117163107173332449083
Short Term Debt4063020234539505162
Minority Interest12141517212824880760
Trade Payables2873493904755177488008728591,155
Others Liabilities 153173296168199197535264358431
Total Liabilities 1,4621,6752,0992,2892,6733,3874,3624,4965,0485,789

Fixed Assets

Net Fixed Assets +7418421,1051,2551,3151,4961,9512,2992,7122,939
Gross Block8309901,3321,5891,7682,0742,7053,2403,8934,402
Accumulated Depreciation891482273344535787559401,1811,463
CWIP 257381445712312615111694
Investments 0000000000
Inventories2723573975404727338759131,0111,117
Trade Receivables338307339228277269355376435475
Cash Equivalents 184498130476642682610608943
Others Assets 6752799177123374147166219
Total Assets 1,4621,6752,0992,2892,6733,3874,3624,4965,0485,789
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 1142823424056645435578236301,117
PBT 201248283306533649615734703731
Adjustment 6481105162133133210217269360
Changes in Working Capital -107163119114-71-10350-172213
Tax Paid -44-63-77-82-116-168-165-177-170-187
Cash Flow From Investing Activity + -158-185-293-318-45472-480-541-513-507
Capex -160-184-220-213-171-345-310-550-539-456
Net Investments 0-3-32-28-3242226
Others 22-71-106-281408-167-155-76
Cash Flow From Financing Activity + 12-71-5-163-153-44-191-203-118-328
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -7-747-83-122-2-23846-32
Interest Paid -19-21-31-41-14-12-37-27-34-133
Dividend Paid -3-8-9-24-15-45-60-101-101-101
Others 40-35-11-15-315-71-84-29-62
Net Cash Flow -322544-7557571-11380-1282
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.6218.8817.7818.4624.0523.218.2318.5215.2613.94
ROCE (%)22.1523.6522.8721.3329.9330.1925.1625.1321.1219.95
Asset Turnover Ratio1.541.341.331.171.281.451.331.271.221.21
PAT to CFO Conversion(x)0.791.61.741.621.631.111.211.511.212.09
Working Capital Days
Receivable Days48.5055.904740.102922.7022.1023.6025.4025.30
Inventory Days47.1054.5054.9066.4058.2050.1056.9057.8060.2059.10
Payable Days42.4046.304757.1058.6056.705660.7065.1070.80

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Astral Ltd FAQs

The current trading price of Astral on 14-Aug-2026 14:42 is ₹1,561.

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 13-Aug-2026 the market cap of Astral stood at ₹42,769.1 Cr

The latest P/E ratio of Astral as of 13-Aug-2026 is 65.78.

The latest P/B ratio of Astral as of 13-Aug-2026 is 10.08.

The 52-week high of Astral is ₹1,768 and the 52-week low is ₹1,269.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Astral is ₹6,068 ( Cr.) .

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

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

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

About Astral Ltd

Astral has grown into one of India’s leading building materials companies, with a diversified presence across essential construction and infrastructure product categories. Starting with a focused offering in pipes and fittings, the company has, over the years, systematically expanded its portfolio to include adhesives, sealants, water storage solutions, bathware, valves, paints, construction chemicals, and infrastructure products. This transition from a single-product manufacturer to a comprehensive building materials player reflects Astral’s long-term strategic vision and responsiveness to market needs.

Astral offers a comprehensive portfolio of building material solutions, designed to address the evolving needs of the construction industry. From advanced piping systems to high-performance adhesives, construction chemicals, bathware, paints, and infrastructure solutions, Astral’s offerings are engineered to deliver reliability and value. With a focus on continuous improvement and sustainability, the company strives to contribute to the development of modern infrastructure.

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.

Product portfolio of the company

  • Pipes and fittings: Astral delivers a comprehensive range of plastic piping solutions, engineered to meet the diverse requirements of residential, commercial, agricultural, and industrial applications. Its products are developed with a strong focus on quality, reliability, and long-term performance. Products: Plumbing Pipes & Fittings, Sewerage & Drainage Pipes & fittings, Agriculture Pipes & Fittings, Cable Protection System, Industrial Piping System, Fire Protection System, Urban Infrastructure, Ancillary Products, Column Pipe.

  • Water tanks: Astral’s water tanks are designed to provide safe, hygienic, and durable water storage solutions. Incorporating advanced features and certified standards, its tanks reflect a commitment to quality and innovation in every detail. Products: Roto Moulding Water Tanks - 4 layers, 3 Layers and 2 Layers, Blow Moulded Water Tanks, Loft Water Tanks, Water Tank with Anti-Viral Copper Shield - 4 Layers and 3 Layers.

  • Adhesives and sealants: Astral offers an extensive portfolio of adhesives and sealants for construction, maintenance, woodworking, and industrial use. Its solutions are recognised for their consistent quality, robust performance, and reliability across a wide range of applications. Products: Epoxy Adhesives and Epoxy Putty, PVA Adhesives, Rubber Adhesives, Anaerobic Adhesives, Tapes, Silicone, Acrylic and Hybrid Sealants, Instant Adhesives (Cyanoacrylate), Industrial Adhesives, Solvent Cements, Specialised Adhesives.
  • Construction chemicals: Astral’s construction chemicals are formulated to support advanced waterproofing, tiling, and grouting needs. These solutions are intended to enhance the strength, durability, and longevity of construction projects. Products: Exterior Roof and Wall Coatings, Polymers and Integral Compounds, Bathroom and Basement Waterproofing Solutions, Repair Products, Tile Adhesives and Tile Grouts.
  • Bathware: Astral Bathware presents a selection of products that blend functionality with contemporary design. Manufactured at state-of-the-art facilities, its range is crafted to meet the evolving needs of modern bathrooms. Products: Faucets, Sanitaryware, Cisterns, Showers.
  • Paints: Astral entered the paint business through the acquisition of Gem Paints in 2022. Astral’s paints are developed to provide vibrant, long-lasting finishes for a variety of surfaces. Its products offer excellent coverage, durability, and a broad spectrum of colours to suit diverse aesthetic preferences. Products: Interior Emulsion, Exterior Emulsion, Distempers, Enamels, Undercoats (Primer and Wall Putty.
  • Infrastructure products: Astral’s infrastructure products are tailored to support the demands of urban development and modern construction. These solutions prioritise durability, efficiency, and reliability for a wide range of infrastructure projects. Products: Drainage, Cable Protection, PT Duct Systems.
  • Specialised valves: Astral supplies a range of specialised valves for industrial and plumbing applications. Precision engineering and stringent quality standards ensure dependable performance in every installation. Products: Compact True Union Ball Valve, Single Union Ball Valve, Industrial Ball Valve.
  • Specialised fittings: Astral has enhanced its presence in the specialised fittings segment through the acquisition of Al-Aziz Plastics Private Limited. This addition brings advanced expertise and manufacturing capabilities, allowing Astral to address a broader range of infrastructure and utility requirements with greater precision and reliability. Products: Electrofusion fittings, Compression fittings, PPR pipe fittings, Integrated clamp saddles, Mechanical clamp saddles, Integrated composite strap-on saddles, PVC Conduit Fittings for Concealed Wiring System, Investment Casting Products.

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.
  • 2023: India’s Most Trusted Pipe Brand by TRA 2023.
  • 2023: India’s Most Desired Pipe Brand by TRA 2023.
  • 2023: Consumer Validated Super brands 2023 for Astral Pipes.
  • 2023: Consumer Validated Super brands 2023 for Astral BondTite.
  • 2025: Consumer Validated Super brands 2025 for Astral Pipes.
  • 2025: Consumer Validated Super brands 2025 for Astral BondTite.

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.
  • 2020: Astral forays into the Water Storage business category.
  • 2021: Astral Pipes roped in Ranveer Singh as the Brand Ambassador.
  • 2021: Astral enters into Sanitaryware & Faucet business category.
  • 2022: Astral pipes signs Allu Arjun as the brand Ambassador for southern market.
  • 2022: Astral acquires the controlling stake in Gem Paints; ventures into the paints category.
  • 2022: Astral Pipes' Cuttack Plant gets operational.
  • 2023: Introduced Industrial Ball Valve Range.
  • 2023: Astral Adhesives' Dahej Plant gets operational.
  • 2024: Astral Pipes' Hyderabad Plant gets operational.
  • 2024: Launch of Astral PTMT Range.
  • 2026: Astral Adhesives unveiled a national campaign for its flagship brand - Bondtite - 'Lakdi Ka Chumbak' featuring Ranbir Kapoor.
You have 4 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: