Astral Ltd - Stock Valuation and Financial Performance

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

Astral Share Price

1,963.85 -30.75 -1.54%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Astral

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Astral stock performance -

mw4me loader
P/E Ratio (CD):
92.52
Market Cap:
52,754.3 Cr.
52-wk low:
1,382.3
52-wk high:
2,143.5

Is Astral Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 26.1%14.3%14.1%15.3%15.9%15.4%16.8%21.7%21.6%16.9%-
Value Creation
Index
0.90.00.00.10.20.10.30.90.90.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0801,4301,6781,8952,0732,5072,5783,1764,3945,1595,523
Sales YoY Gr.-32.4%17.3%12.9%9.4%21%2.8%23.2%38.3%17.4%-
Adj EPS 3.32.83.95.36.37.29.214.617.616.221.2
YoY Gr.--13.2%36.3%36.2%20.1%14.2%27.8%57.9%20.4%-7.8%-
BVPS (₹) 12.623.526.631.838.245.255.970.787.1100.7112.2
Adj Net
Profit
81.674.6103140168193247391471435570
Cash Flow from Ops. 67.4117226114282342405664543557-
Debt/CF from Ops. 2.11.70.920.70.80.50.10.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19%20%26%17.4%
Adj EPS 19.5%20.7%20.6%-7.8%
BVPS26%21.4%21.7%15.6%
Share Price 33.4% 29.2% 22.2% 35.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
29.31615.51818.116.817.82322.217.220
Op. Profit
Mgn %
14.811.812.613.915.315.417.220.317.215.716.9
Net Profit
Mgn %
7.65.46.27.48.27.79.712.410.98.710.3
Debt to
Equity
0.50.30.30.30.20.20.1000-
Working Cap
Days
11111311310812011111997819066
Cash Conv.
Cycle
6373716175666642303627

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.01%

Net Profit is growing at healthy rate in last 3 years 20.58%

Return on Equity has declined versus last 3 years average to 19.90%

Sales growth is not so good in last 4 quarters at 9.63%

Latest Financials - Astral Ltd.

Standalone Consolidated
TTM EPS (₹) 21 21.2
TTM Sales (₹ Cr.) 4,976 5,523
BVPS (₹.) 111.2 112.2
Reserves (₹ Cr.) 2,959 2,987
P/BV 17.67 17.50
PE 93.55 92.52
From the Market
52 Week Low / High (₹) 1382.25 / 2143.50
All Time Low / High (₹) 1.38 / 2143.50
Market Cap (₹ Cr.) 52,754
Equity (₹ Cr.) 26.9
Face Value (₹) 1
Industry PE 35.9

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

Login/Register to view analysis.

Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,0801,4301,6781,8952,0732,5072,5783,1764,3945,159
Operating Expenses 9251,2621,4701,6311,7562,1222,1352,5323,6394,349
Manufacturing Costs44567188101123135132233326
Material Costs7751,0491,2051,3031,3831,6481,5961,9692,8633,328
Employee Cost 24487589106139175191245319
Other Costs 81109119151165212229240298375
Operating Profit 155168208264317385443645755810
Operating Profit Margin (%) 14.4%11.8%12.4%13.9%15.3%15.4%17.2%20.3%17.2%15.7%
Other Income 2329131512253527
Interest 31253018223239131340
Depreciation 223642505781108117127178
Exceptional Items 00-1-100000-2
Profit Before Tax 105110131201248283306533649615
Tax 25313056728657125158156
Profit After Tax 7978102145176197250408490460
PAT Margin (%) 7.3%5.5%6.1%7.6%8.5%7.9%9.7%12.9%11.2%8.9%
Adjusted EPS (₹)3.22.93.85.46.67.39.215.118.117.0
Dividend Payout Ratio (%)5%6%5%4%4%4%6%10%12%21%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3156197088471,0171,2051,5021,8952,3352,709
Share Capital 11121212121215202027
Reserves 3046076968351,0051,1931,4871,8752,3152,682
Minority Interest11713121415172128248
Debt98139131162123194127407871
Long Term Debt81121131122117163107173332
Short Term Debt181704063020234539
Trade Payables185267316287349390475517748800
Others Liabilities 95124133153173296168199197535
Total Liabilities 6941,1651,3011,4621,6752,0992,2892,6733,3874,362

Fixed Assets

Gross Block3776976878309901,3321,5891,7682,0742,705
Accumulated Depreciation881404289148227334453578755
Net Fixed Assets2895576457418421,1051,2551,3151,4961,951
CWIP 827152573814457123126
Investments 0000000000
Inventories195266277272357397540472733875
Trade Receivables145233227338307339228277269355
Cash Equivalents 11250184498130476642682
Others Assets5672876752799177123374
Total Assets 6941,1651,3011,4621,6752,0992,2892,6733,3874,362

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 67117226114282342405664543557
PBT 105110131201248283306533649615
Adjustment 5265816481105162133133210
Changes in Working Capital -66-3143-107163119114-71-103
Tax Paid -23-26-29-44-63-77-82-116-168-165
Cash Flow From Investing Activity -91-343-203-158-185-293-318-45472-480
Capex -92-85-134-160-184-220-213-171-345-310
Net Investments 0000-3-32-28-3
Others 1-258-6922-71-106-281408-167
Cash Flow From Financing Activity 132371612-71-5-163-153-44-191
Net Proceeds from Shares 0236590000000
Net Proceeds from Borrowing 314411-7-747-83-122-2-27
Interest Paid -31-25-30-19-21-31-41-14-12-37
Dividend Paid -4-5-9-3-8-9-24-15-45-60
Others 17-12-1540-35-11-15-315-67
Net Cash Flow -111138-322544-7557571-113
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)28.6116.7815.3918.6218.8817.7818.4624.0523.218.23
ROCE (%)34.4121.1518.7622.1523.6522.8721.3329.9330.1925.16
Asset Turnover Ratio1.881.671.521.541.341.331.171.281.451.33
PAT to CFO Conversion(x)0.851.52.220.791.61.741.621.631.111.21
Working Capital Days
Receivable Days39444549564740292322
Inventory Days53545347555566585057
Payable Days36303342464757595756

Astral Ltd Stock News

Astral Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Astral on 12-Apr-2024 16:59 is ₹1,963.9.
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 12-Apr-2024 16:59 the market cap of Astral stood at ₹52,754.3.
The latest P/E ratio of Astral as of 12-Apr-2024 16:59 is 93.55.
The latest P/B ratio of Astral as of 12-Apr-2024 16:59 is 17.67.
The 52-week high of Astral is ₹2,143.5 and the 52-week low is ₹1,382.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Astral is ₹4,976 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.