Is Astral a good quality company?

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

Is Astral 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 .

What is Astral share price return in the past 10 years?

Astral Ltd share price has appreciated 25.2% annually (CAGR) over the past ten years.

Is Astral a good buy now?

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

Astral Ltd - Stock Valuation and Financial Performance

Name: Astral
Brand: Astral

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

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Astral Share Price

₹1,716.90 -11.05 -0.64%
as on 21-Nov'24 15:44

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ

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	25.2%	23.5%	-0.2%	-11.5%

Key Financial Parameters ⓘ

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

Recent Performance Summary

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%

Latest Financials - Astral Ltd.

	Standalone	Consolidated
TTM EPS (₹)	20.6	19.6
TTM Sales (₹ Cr.)	5,214	5,749
BVPS (₹.) ⓘ	123.6	125.3
Reserves (₹ Cr.) ⓘ	3,293	3,340
P/BV ⓘ	13.98	13.79
PE ⓘ	83.85	88.33

From the Market
52 Week Low / High (₹)	1696.00 / 2453.95
All Time Low / High (₹)	1.38 / 2453.95
Market Cap (₹ Cr.)	46,419
Equity (₹ Cr.)	26.9
Face Value (₹)	1
Industry PE ⓘ	39.5

Management X-Ray of Astral:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Astral

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Astral

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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 Ltd Stock News

Astral Ltd FAQs

What is the share price of Astral?

Company share prices are keep on changing according to the market conditions. The closing price of Astral on 21-Nov-2024 15:44 is ₹1,716.9.

What is the market cap of Astral?

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 21-Nov-2024 15:44 the market cap of Astral stood at ₹46,418.7.

What is the P/E ratio of Astral?

The latest P/E ratio of Astral as of 21-Nov-2024 15:44 is 83.85.

What is the P/B ratio of Astral?

The latest P/B ratio of Astral as of 21-Nov-2024 15:44 is 13.98.

What is the 52-week high and low of Astral?

The 52-week high of Astral is ₹2,454 and the 52-week low is ₹1,696.

What is the TTM revenue of Astral?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Astral is ₹5,214 ( 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.