BSE: 532830 | NSE: ASTRAL | Plastic Products | Mid Cap
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 overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21.2% | 18.8% | 22.2% | 23.7% | 22.9% | 21.3% | 29.9% | 30.2% | 25.2% | 25.1% | - |
| Value Creation Index ⓘ | 0.5 | 0.3 | 0.6 | 0.8 | 0.7 | 0.6 | 1.7 | 1.7 | 1.2 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,430 | 1,678 | 1,895 | 2,073 | 2,507 | 2,578 | 3,176 | 4,394 | 5,159 | 5,641 | 5,749 |
| Sales YoY Gr. | - | 17.3% | 12.9% | 9.4% | 21% | 2.8% | 23.2% | 38.3% | 17.4% | 9.4% | - |
| Adj EPS ⓘ | 2.8 | 3.9 | 5.3 | 6.3 | 7.2 | 9.2 | 14.6 | 17.6 | 16.4 | 20.3 | 19.6 |
| YoY Gr. | - | 36.3% | 36.2% | 20.1% | 14.2% | 27.8% | 57.9% | 20.4% | -6.4% | 23.3% | - |
| BVPS (₹) ⓘ | 23.5 | 26.6 | 31.8 | 38.2 | 45.2 | 55.9 | 70.7 | 87.1 | 100.7 | 118.4 | 125.3 |
| Adj Net Profit ⓘ | 74.6 | 103 | 140 | 168 | 193 | 247 | 391 | 471 | 442 | 544 | 525 |
| Cash Flow from Ops. ⓘ | 117 | 226 | 114 | 282 | 342 | 405 | 664 | 543 | 557 | 823 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 0.9 | 2 | 0.7 | 0.8 | 0.5 | 0.1 | 0.2 | 0.1 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.5% | 17.6% | 21.1% | 9.4% | ||||
| Adj EPS ⓘ | 24.4% | 22.9% | 11.6% | 23.3% | ||||
| BVPSⓘ | 19.7% | 21.3% | 18.8% | 17.6% | ||||
| Share Price | 26.1% | 22.2% | 3.2% | -7.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16 | 15.5 | 18 | 18.1 | 16.8 | 17.8 | 23 | 22.2 | 17.5 | 18.5 | 16.1 |
| Op. Profit Mgn % ⓘ | 11.8 | 12.6 | 13.9 | 15.3 | 15.4 | 17.2 | 20.3 | 17.2 | 15.7 | 16.4 | 16 |
| Net Profit Mgn % ⓘ | 5.4 | 6.2 | 7.4 | 8.2 | 7.7 | 9.7 | 12.4 | 10.9 | 8.9 | 9.6 | 9.1 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 113 | 113 | 108 | 120 | 111 | 119 | 97 | 81 | 90 | 92 | 60 |
| Cash Conv. Cycle ⓘ | 73 | 71 | 61 | 75 | 66 | 66 | 42 | 30 | 36 | 39 | 26 |
Sales growth is growing at healthy rate in last 3 years 21.10%
Net Profit is growing at healthy rate in last 3 years 11.58%
Return on Equity has declined versus last 3 years average to 16.00%
Sales growth is not so good in last 4 quarters at 6.09%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 20.6 | 19.6 |
| TTM Sales (₹ Cr.) | 5,214 | 5,749 |
| BVPS (₹.) ⓘ | 123.6 | 125.3 |
| Reserves (₹ Cr.) ⓘ | 3,351 | 3,340 |
| P/BV ⓘ | 14.04 | 13.84 |
| PE ⓘ | 84.17 | 88.67 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1696.00 / 2453.95 |
| All Time Low / High (₹) | 1.38 / 2453.95 |
| Market Cap (₹ Cr.) | 46,595 |
| Equity (₹ Cr.) | 26.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 41.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,430 | 1,678 | 1,895 | 2,073 | 2,507 | 2,578 | 3,176 | 4,394 | 5,159 | 5,641 |
| Operating Expenses ⓘ | 1,262 | 1,470 | 1,631 | 1,756 | 2,122 | 2,135 | 2,532 | 3,639 | 4,349 | 4,723 |
| Manufacturing Costs | 56 | 71 | 88 | 101 | 123 | 135 | 132 | 233 | 326 | 386 |
| Material Costs | 1,049 | 1,205 | 1,303 | 1,383 | 1,648 | 1,596 | 1,969 | 2,863 | 3,328 | 3,350 |
| Employee Cost | 48 | 75 | 89 | 106 | 139 | 175 | 191 | 245 | 319 | 438 |
| Other Costs ⓘ | 109 | 119 | 151 | 165 | 212 | 229 | 240 | 298 | 375 | 549 |
| Operating Profit ⓘ | 168 | 208 | 264 | 317 | 385 | 443 | 645 | 755 | 810 | 918 |
| Operating Profit Margin (%) | 11.8% | 12.4% | 13.9% | 15.3% | 15.4% | 17.2% | 20.3% | 17.2% | 15.7% | 16.3% |
| Other Income ⓘ | 3 | 2 | 9 | 13 | 15 | 12 | 25 | 35 | 27 | 42 |
| Interest ⓘ | 25 | 30 | 18 | 22 | 32 | 39 | 13 | 13 | 40 | 29 |
| Depreciation ⓘ | 36 | 42 | 50 | 57 | 81 | 108 | 117 | 127 | 178 | 198 |
| Exceptional Items ⓘ | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | -2 | 0 |
| Profit Before Tax ⓘ | 110 | 131 | 201 | 248 | 283 | 306 | 533 | 649 | 615 | 734 |
| Tax ⓘ | 31 | 30 | 56 | 72 | 86 | 57 | 125 | 158 | 156 | 188 |
| Profit After Tax | 78 | 102 | 145 | 176 | 197 | 250 | 408 | 490 | 460 | 546 |
| PAT Margin (%) | 5.5% | 6.1% | 7.6% | 8.5% | 7.9% | 9.7% | 12.9% | 11.2% | 8.9% | 9.7% |
| Adjusted EPS (₹) | 2.9 | 3.8 | 5.4 | 6.6 | 7.3 | 9.2 | 15.1 | 18.1 | 17.0 | 20.3 |
| Dividend Payout Ratio (%) | 6% | 5% | 4% | 4% | 4% | 6% | 10% | 12% | 21% | 18% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 619 | 708 | 847 | 1,017 | 1,205 | 1,502 | 1,895 | 2,335 | 2,709 | 3,187 |
| Share Capital ⓘ | 12 | 12 | 12 | 12 | 12 | 15 | 20 | 20 | 27 | 27 |
| Reserves ⓘ | 607 | 696 | 835 | 1,005 | 1,193 | 1,487 | 1,875 | 2,315 | 2,682 | 3,160 |
| Minority Interest | 17 | 13 | 12 | 14 | 15 | 17 | 21 | 28 | 248 | 80 |
| Debt | 139 | 131 | 162 | 123 | 194 | 127 | 40 | 78 | 71 | 93 |
| Long Term Debt | 121 | 131 | 122 | 117 | 163 | 107 | 17 | 33 | 32 | 44 |
| Short Term Debt | 17 | 0 | 40 | 6 | 30 | 20 | 23 | 45 | 39 | 50 |
| Trade Payables | 267 | 316 | 287 | 349 | 390 | 475 | 517 | 748 | 800 | 872 |
| Others Liabilities ⓘ | 124 | 133 | 153 | 173 | 296 | 168 | 199 | 197 | 535 | 264 |
| Total Liabilities ⓘ | 1,165 | 1,301 | 1,462 | 1,675 | 2,099 | 2,289 | 2,673 | 3,387 | 4,362 | 4,496 |
Fixed Assets | ||||||||||
| Gross Block | 697 | 687 | 830 | 990 | 1,332 | 1,589 | 1,768 | 2,074 | 2,705 | 3,240 |
| Accumulated Depreciation | 140 | 42 | 89 | 148 | 227 | 334 | 453 | 578 | 755 | 940 |
| Net Fixed Assetsⓘ | 557 | 645 | 741 | 842 | 1,105 | 1,255 | 1,315 | 1,496 | 1,951 | 2,299 |
| CWIP ⓘ | 27 | 15 | 25 | 73 | 81 | 44 | 57 | 123 | 126 | 151 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 266 | 277 | 272 | 357 | 397 | 540 | 472 | 733 | 875 | 913 |
| Trade Receivables | 233 | 227 | 338 | 307 | 339 | 228 | 277 | 269 | 355 | 376 |
| Cash Equivalents | 12 | 50 | 18 | 44 | 98 | 130 | 476 | 642 | 682 | 610 |
| Others Assetsⓘ | 72 | 87 | 67 | 52 | 79 | 91 | 77 | 123 | 374 | 147 |
| Total Assets ⓘ | 1,165 | 1,301 | 1,462 | 1,675 | 2,099 | 2,289 | 2,673 | 3,387 | 4,362 | 4,496 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 117 | 226 | 114 | 282 | 342 | 405 | 664 | 543 | 557 | 823 |
| PBT ⓘ | 110 | 131 | 201 | 248 | 283 | 306 | 533 | 649 | 615 | 734 |
| Adjustment ⓘ | 65 | 81 | 64 | 81 | 105 | 162 | 133 | 133 | 210 | 217 |
| Changes in Working Capital ⓘ | -31 | 43 | -107 | 16 | 31 | 19 | 114 | -71 | -103 | 50 |
| Tax Paid ⓘ | -26 | -29 | -44 | -63 | -77 | -82 | -116 | -168 | -165 | -177 |
| Cash Flow From Investing Activity ⓘ | -343 | -203 | -158 | -185 | -293 | -318 | -454 | 72 | -480 | -541 |
| Capex | -85 | -134 | -160 | -184 | -220 | -213 | -171 | -345 | -310 | -550 |
| Net Investments | 0 | 0 | 0 | -3 | -3 | 2 | -2 | 8 | -3 | 24 |
| Others ⓘ | -258 | -69 | 2 | 2 | -71 | -106 | -281 | 408 | -167 | -15 |
| Cash Flow From Financing Activityⓘ | 237 | 16 | 12 | -71 | -5 | -163 | -153 | -44 | -191 | -203 |
| Net Proceeds from Shares ⓘ | 236 | 59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 44 | 11 | -7 | -7 | 47 | -83 | -122 | -2 | -23 | 8 |
| Interest Paid ⓘ | -25 | -30 | -19 | -21 | -31 | -41 | -14 | -12 | -37 | -27 |
| Dividend Paid ⓘ | -5 | -9 | -3 | -8 | -9 | -24 | -15 | -45 | -60 | -101 |
| Others ⓘ | -12 | -15 | 40 | -35 | -11 | -15 | -3 | 15 | -71 | -84 |
| Net Cash Flow ⓘ | 11 | 38 | -32 | 25 | 44 | -75 | 57 | 571 | -113 | 80 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.78 | 15.39 | 18.62 | 18.88 | 17.78 | 18.46 | 24.05 | 23.2 | 18.23 | 18.52 |
| ROCE (%) | 21.15 | 18.76 | 22.15 | 23.65 | 22.87 | 21.33 | 29.93 | 30.19 | 25.16 | 25.13 |
| Asset Turnover Ratio | 1.67 | 1.52 | 1.54 | 1.34 | 1.33 | 1.17 | 1.28 | 1.45 | 1.33 | 1.27 |
| PAT to CFO Conversion(x) | 1.5 | 2.22 | 0.79 | 1.6 | 1.74 | 1.62 | 1.63 | 1.11 | 1.21 | 1.51 | Working Capital Days |
| Receivable Days | 44 | 45 | 49 | 56 | 47 | 40 | 29 | 23 | 22 | 24 |
| Inventory Days | 54 | 53 | 47 | 55 | 55 | 66 | 58 | 50 | 57 | 58 |
| Payable Days | 30 | 33 | 42 | 46 | 47 | 57 | 59 | 57 | 56 | 61 |
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:
Awards:
Milestones:
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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