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Astral Ltd (ASTRAL)

₹2204.62.33%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Astral Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

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    Netprofit is up for the last 2 quarters, 113.5 Cr → 181.6 Cr (in ₹), with an average increase of 37.5% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 19.79% to 21.22% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 4 quarters, 1.29K Cr → 1.63K Cr (in ₹), with an average increase of 7.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, ASTRAL stock has moved up by 8.6%

  • imgNO EFFECT

    Against Peers

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    In the last 1 year, Finolex Industries Ltd has given 88.9% return, outperforming this stock by 74.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 54.10% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

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    In the last 3 years, Finolex Industries Ltd has given 96.6% return, outperforming this stock by 45.1%

  • imgNEGATIVE IMPACT

    Retail Holding Down

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    Retail Investor have decreased holdings from 12.44% to 11.82% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 8.38% to 7.93% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹2,199.3
    ₹2,250.95
  • 52 Week's Low

    52 Week's High

    ₹1,740
    ₹2,352
1 Month Return+ 8.61 %
3 Month Return+ 15.65 %
1 Year Return+ 14.57 %
Previous Close₹2,257.20
Open₹2,246.20
Volume1.94L
Upper Circuit-
Lower Circuit-
Market Cap₹60,634.49Cr

Analyst Rating

based on 21 analysts

BUY
54.55%
Buy
31.82%
Hold
13.64%
Sell

Based on 21 analysts offering long term price targets for Astral Ltd. An average target of ₹2158.95

Source: S&P Global Market Intelligence

Company Information

Astral Poly Technik Limited is a leading manufacturer of Chlorinated Poly Vinyl Chloride CPVC and Poly Vinyl Chloride PVC plumbing, adhesives and sealants, infrastructure products and water tanks for residential and industrial use. It has 2535 distributors, 180000 dealers, 9 piping facilities in India and 2 manufacturing plants in UK and USA. In 2004, it introduced a range of lead free PVC pressure pipes and fittings. The company is certified ISO 9001:2000 and the raw material used is certified by National Sanitary Foundation NSF. The equity shares of Astral Poly Technik are listed on NSE and BSE. It acquired 80% equity stake in Seal IT Services Limited and 76% equity stake in Resinova Chemie to expand its business operations. It completed the QIP to raise an amount of Rs.24088.89 Lacs. During FY2016-17, it achieved EBDITA of Rs 215 crore, highest ever recorded. The company reached 3,37,708MT of installed capacity and utilised 8,76,94MT with 13% growth during FY17. It acquired 51% shares of Rex Poly extrusion Pvt Ltd and established a Section 8 Company, Astral Foundation. Subsequently, Gem Paints Pvt Ltd and Esha Paint Pvt Ltd became subsidiaries of the Company in June 2022 and it acquired a controlling stake in Operating Paint Business of Gem Paints Pvt Ltd in April 2021.

Share Price: ₹2204.60 per share as on 19 Jun, 2024 04:01 PM
Market Capitalisation: ₹60,634.49Cr as of today
Revenue: ₹1,625.10Cr as on March 2024 (Q1 24)
Net Profit: ₹181.30Cr as on March 2024 (Q1 24)
Listing date: 20 Mar, 2007
Chairperson Name: Sandeep P Engineer
OrganisationAstral Ltd
HeadquartersAhmedabad
IndustryPlastic products
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Key events for Astral Ltd

  • Insiders Own Majority Stake in Astral Ltd - 12 Jun, 2024

    Despite recent sales, insiders remain the top shareholders of Astral Ltd with 54% ownership. CEO Sandeep Engineer holds the largest individual stake at 32%. The general public owns 22%, while private companies hold 15%.

  • Mixed Analyst Recommendations for Astral Stock - 29 May, 2024

    Astral Limited has demonstrated strong financial performance, but recent analyst recommendations have been mixed due to lower profitability in pipes and adhesives segments.

  • Astral Ltd Stock Expected to Rally to ₹2,300 - 27 May, 2024

    Despite witnessing sell-offs, Astral Ltd's stock is expected to appreciate with a potential rally to ₹2,300. Traders can buy shares now at around ₹2,148 and accumulate at ₹2,050.

  • Insider Selling at Astral Limited Raises Concerns - 23 May, 2024

    Insiders at Astral have sold ₹254m in stock over the last year, with the biggest single sale being only 20% of Bharatbhai Patel's holding. While insider selling is a weak signal, it may have sparked shareholder attention. However, most shareholders would be happy to see that insiders own about ₹223b worth of shares (39% of the company), suggesting well-aligned management incentives.

  • Astral Ltd Reports 9.35% YoY Increase in Net Sales - 20 May, 2024

    Astral Ltd's standalone net sales for March 2024 increased by 9.35% YoY to Rs. 1,488.10 crore. However, the quarterly net profit decreased by 6.87% YoY to Rs. 183.10 crore. The EPS also decreased from Rs. 7.32 to Rs. 6.82 YoY. Astral Ltd shares closed at Rs. 2,303.00 on May 17, 2024 (NSE) and have given returns of 21.71% over the last 6 months and 36.74% over the last 12 months.

  • Astral Shares Fall After Reporting Drop in Q4 Profit - 18 May, 2024

    Astral Ltd reports a 12% YoY drop in Q4FY24 net profit to Rs 181.6 crore, while revenue from operations rose 8% YoY to Rs 1,625 crore. The stock fell up to 5% in a special trading session.

  • Astral Ltd Q4 Net Profit Slides 11.7% - 17 May, 2024

    PVC pipes and plastic products maker Astral Ltd reported an 11.7% YoY slide in net profit at ₹181.6 crore for Q4 FY24, while revenue from operations increased 8% to ₹1,625 crore. The board has recommended a final dividend of ₹2.25 per equity share.

  • Astral Ltd Stock Breaks Out of Triangle Pattern - 16 May, 2024

    Experts suggest short-term traders can buy Astral stock for a possible target above 2,400 levels in the next 1-3 months after it broke out from the triangle pattern on daily charts. The capital goods stock witnessed a breakout from 2,000 levels.

  • Astral Limited Founder Sandeep Engineer's Net Worth at Rs 31,730 Crore - 14 May, 2024

    Sandeep Engineer, the founder and MD of Astral Limited, has a real-time net worth of Rs 31730 crore as per Forbes. The company is among India's fastest-growing building materials companies with a market cap of Rs 59607 crore.

Astral Ltd Valuation

Astral Ltd in the last 5 years

  • Overview

  • Trends

Lowest (47.47x)

March 14, 2018

Industry (95.17x)

June 18, 2024

Today (111.03x)

June 18, 2024

Highest (153.18x)

March 15, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
Axis ELSS Tax Saver Fund Direct Plan Growth OptionAxis ELSS Tax Saver Fund Direct Plan Growth Option2.11%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct2.68%
Axis Midcap Fund Direct Plan GrowthAxis Midcap Fund Direct Plan Growth2.2%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth1.43%
PGIM India Midcap Opportunities Fund Direct GrowthPGIM India Midcap Opportunities Fund Direct Growth2.02%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
54.1%
0.00
Foreign Institutions
21.22%
0.00
Mutual Funds
7.93%
0.00
Retail Investors
11.82%
0.00
Others
4.92%
0.00

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Astral Ltd (ASTRAL) share price today is ₹2204.6

Astral Ltd is listed on NSE

Astral Ltd is listed on BSE

  • Today’s highest price of Astral Ltd is ₹2250.95.
  • Today’s lowest price of Astral Ltd is ₹2199.3.

PE Ratio of Astral Ltd is 111.03

PE ratio = Astral Ltd Market price per share / Astral Ltd Earnings per share

Today’s traded volume of Astral Ltd(ASTRAL) is 1.94L.

Today’s market capitalisation of Astral Ltd(ASTRAL) is ₹60634.49Cr.

Astral Ltd(ASTRALPrice
52 Week High
₹2352
52 Week Low
₹1740

Astral Ltd(ASTRAL) share price is ₹2204.6. It is down -6.27% from its 52 Week High price of ₹2352

Astral Ltd(ASTRAL) share price is ₹2204.6. It is up 26.70% from its 52 Week Low price of ₹1740

Astral Ltd(ASTRALReturns
1 Day Returns
-52.6%
1 Month Returns
8.61%
3 Month Returns
15.65%
1 Year Returns
14.57%