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Astral Ltd

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Astral Ltd Fundamentals

Market Cap

₹59,139.58Cr

P/E Ratio (TTM)

108.29

P/B Ratio

18.56

Debt to Equity

0.04

EPS (TTM)

20.33

Dividend Yield

0.10%

Book Value

118.64

Market Cap

₹59,139.58Cr

P/E Ratio (TTM)

108.29

P/B Ratio

18.56

Debt to Equity

0.04

EPS (TTM)

20.33

Dividend Yield

0.10%

Book Value

118.64

Click here to know more about Fundamentals

Fundamentals

Fundamentals in the stock market refer to the underlying financial and qualitative factors that determine the value and performance of a company's stock.

Market Cap:

Market capitalization (market cap) is a financial metric used to gauge the value of a publicly traded company in the stock market. It represents the total worth of a company's outstanding shares. Calculated by multiplying the current market price per share by the total number of outstanding shares, market cap reflects the company's size and significance in the market.

PB Ratio:

The Price-to-Book (P/B) ratio is a financial metric used to evaluate a company's stock price relative to its book value per share (BVPS). It is calculated by dividing the market price per share by the book value per share. The book value per share is determined by subtracting a company's total liabilities from its total assets and dividing the result by the total number of outstanding shares.

ROE:

Return on Equity (ROE) is a fundamental financial ratio used in the stock market to assess a company's profitability and efficiency in generating profits from shareholders' equity. It measures the amount of net income a company generates as a percentage of its shareholders' equity. ROE is calculated by dividing a company's net income by its average shareholders' equity during a specific period, usually a year. ROE is a crucial metric for investors as it indicates how effectively a company is utilizing shareholders' equity to generate profits. A higher ROE typically suggests that the company is more efficient in utilizing its equity capital to generate returns for shareholders.

EPS (TTM):

EPS (TTM) stands for Earnings Per Share (Trailing Twelve Months) in the stock market. It is a financial metric that measures a company's profitability by dividing its total earnings over the past twelve months by the total number of outstanding shares. The EPS (TTM) figure provides investors with insight into a company's profitability on a per-share basis over a specific period, which allows for better comparison across different companies and industries. It is often considered a key indicator of a company's financial health and performance. EPS (TTM) is calculated by taking the sum of a company's net income from continuing operations over the past four quarters and dividing it by the weighted average number of outstanding shares during the same period. Investors use EPS (TTM) to assess a company's ability to generate profits and to determine the potential return on investment from holding its stock. Higher EPS (TTM) values generally indicate stronger profitability, while declining or negative EPS (TTM) may signal financial challenges or declining performance.

P/E Ratio (TTM):

The P/E Ratio (TTM) in the stock market stands for Price-to-Earnings Ratio (Trailing Twelve Months). It is a fundamental financial metric used by investors to evaluate the valuation of a company's stock relative to its earnings per share (EPS) over the past twelve months. To calculate the P/E Ratio (TTM), you divide the current market price per share of a company's stock by its earnings per share over the trailing twelve months. The ratio indicates how much investors are willing to pay for each rupee of the company's earnings. A high P/E Ratio suggests that investors are willing to pay more for each rupee of earnings, possibly indicating high growth expectations or optimism about the company's future prospects. Conversely, a low P/E Ratio may suggest undervaluation or concerns about the company's growth potential.

Debt to Equity Ratio:

The Debt to Equity (D/E) ratio is a financial metric used to evaluate a company's financial leverage by comparing its total debt to its total shareholders' equity. It reflects the proportion of a company's funding that comes from debt compared to equity. To calculate the D/E ratio, divide the total debt by the total equity. Debt includes all liabilities such as loans, bonds, and other forms of debt financing, while equity represents the shareholders' ownership in the company. A high D/E ratio indicates that a company relies more on debt financing, which can amplify returns but also increases financial risk due to interest payments and debt obligations. Conversely, a low D/E ratio suggests a conservative financial structure with less reliance on debt financing.

Dividend Yield:

Dividend yield is a financial metric used to measure the return on investment from owning a particular stock, specifically in terms of the dividends paid out to shareholders. It represents the percentage of the current market price of a share that a company pays out annually in dividends. To calculate dividend yield, divide the annual dividend per share by the current market price per share, and then multiply the result by 100 to convert it to a percentage. For instance, if a company pays ₹ 2 in dividends per share annually and its stock is trading at ₹50 per share, the dividend yield would be 4% (₹2/₹50 * 100)

Book Value:

Book value, in the context of the stock market, refers to the net asset value of a company's equity as recorded on its balance sheet. It represents the value of a company's assets minus its liabilities and intangible assets, such as goodwill. To calculate book value per share, you divide the total book value of equity by the total number of outstanding shares. This figure provides investors with insight into the financial health and the underlying asset value of a company. Book value serves as a fundamental measure of a company's intrinsic worth. It is particularly useful for investors who adopt a value investing approach, as it helps determine whether a stock is undervalued, overvalued, or fairly priced relative to its book value per share.

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About Astral Ltd

Astral Poly Technik Limited is a prestigious manufacturer of Chlorinated Poly Vinyl Chloride (CPVC) and Poly Vinyl Chloride (PVC) plumbing systems for residential and industrial use.With a commanding market share in the domestic CPVC and PVC pipe industry, the Company has achieved widespread recognition as a leader in the piping segment. Over the years, it has diversified its product portfolio and expanded into other areas such as adhesives and sealants, infrastructure products, and water tanks. Recently, it has forayed into the paints, faucets, and sanitaryware segments, thereby transforming itself into a comprehensive home building material player. The Company has pipe manufacturing facilities at Santej and Dholka (Gujarat), Hosur (Tamil Nadu), Ghiloth (Rajasthan), Sangli (Maharashtra), Sitarganj (Uttarakhand), Aurangabad (Maharashtra) and Bhubaneswar (Odisha) for manufacturing of plumbing systems, drainage systems, agricultural pipes, industrial pipes, fire protection pipes, electrical conduit pipes and Infrastructure products. In addition, it manufactures water tanks at plants located in Santej, Ghiloth, Hosur, Aurangabad and Bhubaneswar. Besides, the Company has adhesive and sealant manufacturing facilities at Santej (Gujarat), Rania and Unnao (U.P.), Elland (U.K.) and Stanford (USA). It has over 2,535 distributors and more than 1,80,000 dealers across the country. Astral Poly Technik Limited incorporated in March 25, 1996 as Astral Poly Technik Private Limited, under the Companies Act, 1956. The Company changed the name to Astral Poly Technik Limited vide fresh Certificate of Incorporation dated September 29, 2006. Pursuant to Special Resolution, dated March 9, 2021, the Company approved change of name of the Company from 'Astral Poly Technik Limited' to 'Astral Limited' on April 12, 2021. The company is a manufacturer and provider of CPVC piping and plumbing systems in India since 1999. The Company is the first licensee of Noveon, USA (formerly known as Specialty Chemical Divison of B.F Goodrich, USA) to manufacture and market CPVC piping and plumbing system in India. In order to strengthen the business plans, it entered into a techno-financial joint venture with Specialty Process LLC of USA, which provided the Company the required technical expertise for manufacturing CPVC pipes and fittings for home and industrial application. As a manufacturer of CPVC pipes and fittings for hot and cold water, industrial and pressure systems application, the Company had introduced a new product range in lead free PVC pressure pipes and fittings in the year 2004. With a concept of providing a one-stop source for all the plastic piping systems, it began trading in products such as CPVC and PVC fittings, flanges and valves from Spears (USA), solvent cements (adhesive solutions) for joining pipes and fittings from IPSC (USA), underground specialty fittings from Hunter (U.K) and CPVC and PVC plastic pipes of a larger diameter from Harvell Inc. (USA) The Company has received an ISO 9001:2000 certificate in respect of manufacture and supply of CPVC and PVC pipes and fittings for plumbing systems and industrial piping system. The raw material used by the company for manufacturing CPVC products is certified by National Sanitary Foundation (NSF). The equity shares of Astral Poly Technik got listed on the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) with effect from 20 March 2007. During the financial year ended 31 March 2008, Astral Poly Technik increased its production capacity under Phase-II of expansion from 9,074 MT to 11,800 MT. During the year under review, the company recorded very high growth in both segments of business i.e. CPVC Pipes and Fittings as well as Lead Free PVC Pipes and Fittings. During the financial year ended 31 March 2014, Astral Poly Technik increased its installed capacity by 26% from 77,212 M.T. to 97,164 M.T. by creating an additional capacity at its Hosur manufacturing unit involving a Capex outflow of Rs. 21.59 crore. The company utilized its capacity to the tune of 60,400 M.T. as against the last year's figure of 49,495 M.T. which shows a growth of 22%. During the year under review, the company commenced commercial production and sales at its new manufacturing facility at Hosur, Tamilnadu. During the year under review, the company launched Agri Pipe Products in domestic market. During the year under review, Astral Technologies Limited, a Joint Venture Company in Kenya has changed its name to 'Astral Pipes Limited' vide Certificate of change of name dated 19 August 2013 issued by the Registrar of Companies, Nairobi, Kenya. Further, during the year under review, Astral Pipes Limited increased its capacity from 3,000 M.T. to 6,000 M.T. During the year under review, Astral Poly Technik incurred a Capital Expenditure to the tune of Rs. 24.28 Crore towards the purchase of Land situated at Hosur and Dholka and balance Rs. 69.42 Crore towards the Plant & Machinery, Factory Building and Other Capital Expenditure. During the year under review, the company subdivided its Equity Shares bearing the face value of Rs. 5/- each into fully paid up Equity Shares bearing the face value of Rs. 2/- each fully paid. During the financial year ended 31 March 2015, Astral Poly Technik increased its installed capacity by 5% from 97,164 M.T. to 102,371 M.T. The company utilized its capacity to the tune of 69,925 M.T, as against the last year's figure of 60,400 M.T. which shows a growth of 16%. During the year under review, the company incurred a Capital Expenditure to the tune of Rs.354.17 Lacs towards the purchase of Land and balance Rs.3861.46 Lacs towards the Plant & Machinery, Factory Building and Other Capital Expenditure. In August, 2014, Astral Poly Technik acquired 80% equity stake in Seal IT Services Limited, UK (Seal IT) at a consideration of Rs.4,505.02 Lacs. Seal IT is in the business of manufacturing of comprehensive range of sealants, adhesives, building chemicals and allied products under the brand name 'Bond-it'. Manufacturing facility of Seal IT is situated at Elland, UK. Operating from a modern 40,000 sq. feet site, Seal IT has R & D facilities at plant and strictly adheres to ISO 9001 protocol. The main customers are Builders, Merchants, DIY, Sealant Applicators, Roofing Contractors, Roofing Distributors, Industrial Bitumen Manufacturers / Flooring Contractors, Flooring Distributors, Carpet Shops, Architects/Council Export/Wholesalers and Cash & Carry. Seal IT has been awarded ISO 14001 for environment policy compliance. Presently, Seal IT is exporting its products throughout Europe, Africa and Middle East. In November, 2014, Astral Poly Technik acquired 76% equity stake in Resinova Chemie Limited (Resinova) at a consideration of Rs.21,464.62 Lacs. Resinova is in the business of manufacturing and marketing of a highly diversified range of adhesives and sealants and allied products under the different brand name viz. 'Bondtite', 'Resibond', 'Bondset', 'Solvobond', 'Vetra', 'Brush bond' and 'Zesta' etc. Manufacturing facility of Resinova is situated near Kanpur, Uttar Pradesh. Resinova's supply chain network consists of 11 branch offices and more than 1,700 channel partners reaching out to around 4,00,000 retail outlets across India. Resinova is amongst the leading players in epoxy adhesives sector in India. Both the above acquisitions will synergize with Astral Poly Technik's existing businesses by deepening and widening its product offering and shall further consolidate its adhesives and sealants business which is already carried out by the company's subsidiary viz. Advanced Adhesives Limited. Astral Poly Technik successfully completed a Qualified Institutional Placement (QIP) of its Equity shares in December 2014. The issue price was fixed at Rs.402.52 (including a premium of Rs.401.52) per Equity share. 59,84,519 equity shares were allotted to the investors and an amount of Rs.24,088.89 Lacs was raised through the QIP. During the year under review, the company sub-divided its equity shares bearing the face value of Rs.2/- each into fully paid up equity shares bearing the face value of Rs.1/- each fully paid. During the financial year ended 31 March 2016, Astral Poly Technik increased its installed capacity by 25% from 1,02,371 MT to 1,27,762 MT. The company utilised its capacity to the tune of 77,909 MT as against last year's figure of 69,925 MT, which shows a utilisation growth of 11%.During the year under review, the company incurred capital expenditure to the tune of Rs 959 Lacs towards the purchase of land and Rs 10,308 Lacs towards plant & machineries, factory building and other capital expenditure. During the year under review, Astral Poly Technik acquired the entire remaining equity stake of 24% in Resinova Chemie Limited (Resinova) at a consideration of Rs 7,300 Lacs from Mr. Vijay Parikh making Resinova a wholly owned subsidiary of the company. Subsequent to the above, the Board of Directors of Resinova and Astral Poly Technik's another subsidiary viz. Advanced Adhesives Limited (Advanced Adhesives) approved amalgamation of Resinova with Advanced Adhesives. The said Scheme of Amalgamation became effective on 11 February 2016. This amalgamation has resulted in consolidation of the business operations of the two subsidiary companies, enhancing the scale of operations, reduction in overhead and administrative expenditures and has provided significant impetus to the growth since both the companies are engaged in the similar areas of business. Post amalgamation, Astral Poly Technik's holding in Resinova Chemie Limited (Formerly known as Advanced Adhesives Limited) increased from 85% to 97.45%. Astral Poly Technik's UK based subsidiary Seal IT Services Limited incorporated a wholly owned subsidiary in the United States of America (USA) viz. Seal IT Services Inc. The said newly incorporated company acquired Silicone Tape business of Rowe Industries Inc., US, at a consideration of US$ 3.25 million, in May 2016. During the financial year ended 31 March 2017, Astral Poly Technik increased its installed capacity by 8% from 1,27,762 MT to 1,37,708 MT. The company utilised its capacity to the tune of 87,694 MT as against last year's figure of 77,909 MT which shows a utilisation growth of 13%. During the year under review, Astral Poly Technik did backward integration and started its own CPVC compounding facility. In August 2016, the company launched its own brand viz. ASTRAL CPVC PRO for plumbing application and subsequently launched ASTRAL FIRE PRO for fire application and ASTRAL CHEM PRO for industrial application. During the year under review, Astral Poly Technik developed low noise drainage system which is a state of the art product and this has been well accepted in the market. During the year under review, the company's piping business registered a healthy revenue growth of 12 % and volume growth of 15% whereas industry level growth was low because of slowdown in the real estate business. The company achieved double digit growth during the last 5 months of the year, despite the impact of demonetization which adversely impacted the purchasing power of the consumers, considering around 86% of the currency in circulation was withdrawn by the government. During the year under review, the company achieved highest ever EBDITA of Rs 215 crore with a margin improvement of close to 2% compared to last year. For the company's Adhesives Business, FY 16-17 was challenging year for UK operations - Seal IT Services because of Brexit vote in June 2016. Seal IT Services Inc., USA is in the business of Silicone tape manufacturing. USA operations have commenced production from the new site in North Carolina from the last quarter of FY 16-17. During the year under review, Astral Poly Technik incurred capital expenditure to the tune of Rs 2,526 Lacs towards the purchase of land and Rs 6,944 Lacs towards plant & machineries, factory building and other capital expenditure. Astral Poly Technik's UK based step down subsidiary Calder Distribution Limited was wound up during the year under review. During the year under review, the company incurred capital expenditure to the tune of Rs 408 Lacs towards the purchase of land and Rs 8,286 Lacs towards plant & machineries, factory building and other capital expenditure. The Company completed construction of factory at Ghiloth (Rajasthan) and started trial production in May 2018. During the year 2018-19, the Company commenced the commercial production at Ghiloth (Rajasthan) in June, 2018. It acquired 51% shares of Rex Polyextrusion Private Limited on 10th July, 2018, which now amalgamated with the Company on the said Appointed Date. As at 31st March, 2019, Company had 4 direct subsidiaries, 1 step down subsidiary and 1 associate company. However, Rex Polyextrusion Pvt. Ltd. was subsequently amalgamated with the Company vide NCLT order dated 2nd May, 2019. During the year 2020-21, Company entered into manufacturing and supply of plastic water storage tanks. It acquired assets of running manufacturing unit of a company at Aurangabad, Maharashtra with well-known brand 'Sarita'. It acquired additional land measuring 157,648 sq. meter, adjacent to their plants located at Sangli, Hosur, Santej and Odisha. During the year 2020-21, Company incorporated a Section 8 Company namely 'Astral Foundation' w.e.f. February 18, 2020 as a subsidiary Company. As at March 31, 2020, Company had 4 direct subsidiaries, 1 step down subsidiary and 1 associate company. The Board of Directors of Company in their meeting held on April 29, 2022 acquired 51% controlling equity stake in Operating Paint Business of Gem Paints Private Limited, which is proposed to be demerged to a wholly owned subsidiary of Gem Paints Private Limited viz. Esha Paints Private Limited with an Appointed Date of April 1, 2022. Consequently, Gem Paints Private Limited and Esha Paint Private Limited became subsidiaries of the Company w.e.f June 21, 2022. During the year 2023, the amalgamation of subsidiaries of the Company, viz. Resinova Chemie Limited and Astral Biochem Private Limited with the Company became effective from September 6, 2022. Gem Paints Private Limited (including its subsidiary companies viz. Esha Paints Private Limited and Enterprise Software and Technology Services Private Limited) become Subsidiary of the Company during the year 2022-23.

Managing Director

Sandeep P Engineer

Founded

1996

NSE Symbol

ASTRAL

Name	Designation
Sandeep P Engineer	Chairman & Managing Director
Jagruti S Engineer	Whole-time Director
Kaushal Dakshesh Nakrani	Independent Director
Viral Jhaveri	Independent Director
C K Gopal	Independent Director
Girish B Joshi	Whole-time Director
Manan Bhavsar	Company Sec. & Compli. Officer
CHETAS GULABBHAI DESAI	Independent Director
Dhinal A. Shah	Independent Director
Kairav Sandeep Engineer	Whole-time Director
HIRANAND ASANDAS SAVLANI	Whole-time Director

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Astral Ltd FAQs

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Astral Ltd shares in BlinkX.

The share price of any stock is volatile and changes during the day due to a variety of variables. Astral Ltd's share price is ₹2174.25 as of 2024-07-25.

Astral Ltd's P/E ratio is 108.29 times as of 2024-07-25.

Astral Ltd's most recent financial reports indicate a price-to-book ratio of 18.56, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalization, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Astral Ltd's market capitalization is ₹59139.58 Cr as on 2024-07-25.

The current financial records of Astral Ltd show a 18.03% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Astral Ltd's most recent financial filings, the company has a total asset value of ₹1581.8, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Astral Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Astral Ltd's 52-week high and low as of 2024-07-25 are ₹2197 and ₹2164, respectively.

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