Astral Ltd’s fundamental analysis highlights key financial metrics including market capitalization of ₹56,559.42 crore, PE ratio of 103.57, debt-to-equity ratio of 3.65, and return on equity of 17.54%. These figures reflect the company’s financial health and current market valuation.
Content:
Astral Limited Overview
Astral Ltd is an Indian pipe manufacturing company. It operates in the construction materials sector, specializing in plumbing and drainage systems, with two main segments: Plumbing and Adhesives.
The company has a market capitalization of ₹56,559.42 crore and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, the stock is trading 16.55% below its 52-week high and 21.01% above its 52-week low.
Astral Financial Results
Astral Ltd showed a steady performance in FY 24, with sales rising to ₹5,641 crores from ₹5,159 crores in FY 23. The company’s operating profit also increased to ₹918.30 crores from ₹809.90 crores in FY 23, maintaining an OPM of 16%.
1. Revenue Trend: Sales increased from ₹5,159 crores in FY 23 to ₹5,641 crores in FY 24, indicating consistent growth. However, the operating profit margin remained stable at 16% over the two years.
2. Equity and Liabilities: Total liabilities slightly rose to ₹4,498 crores in FY 24 from ₹4,373 crores in FY 23. Equity capital remained stable at ₹26.90 crores, with reserves increasing from ₹2,682 crores to ₹3,161 crores.
3. Profitability: Net profit increased to ₹545.60 crores in FY 24 from ₹472.50 crores in FY 23. Interest expenses decreased to ₹29.10 crores from ₹40 crores, while depreciation slightly increased from ₹178.10 crores to ₹197.60 crores.
4. Earnings per Share (EPS): EPS improved to ₹20.33 in FY 24, up from ₹17 in FY 23, reflecting better profitability per share for investors.
5. Return on Net Worth (RoNW): RoNW experienced a slight decline due to increased equity, even though net profit improved, indicating that the company generated slightly lower returns on a larger equity base.
6. Financial Position: Total assets rose to ₹4,498 crores in FY 24 from ₹4,373 crores in FY 23, with non-current assets increasing to ₹2,512 crores. However, current assets decreased slightly to ₹1,986 crores from ₹2,249 crores.
Astral Ltd Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Sales | 5,641 | 5,159 | 4,394 |
| Expenses | 4,723 | 4,349 | 3,639 |
| Operating Profit | 918 | 810 | 755 |
| OPM % | 16 | 16 | 17 |
| Other Income | 42 | 25 | 35 |
| EBITDA | 960 | 837 | 790 |
| Interest | 29 | 40 | 13 |
| Depreciation | 198 | 178 | 127 |
| Profit Before Tax | 734 | 617 | 650 |
| Tax % | 26 | 25 | 24 |
| Net Profit | 546 | 473 | 490 |
| EPS | 20.33 | 17 | 24.08 |
| Dividend Payout % | 18.45 | 20.59 | 12.46 |
* Consolidated Figures in Rs. Crores
Astral Company Metrics
Astral’s market cap is ₹56,559.42 crore with a book value of ₹119 per share. The face value per share is ₹1. Total debt is ₹119.4 crore, ROE is 17.54%, and quarterly EBITDA is ₹301.6 crore. The dividend yield stands at 0.18%.
Market Capitalization:
Market Capitalization represents the total market value of Astral’s outstanding shares, amounting to ₹56,559.42 crore.
Book Value:
The book value per share of Astral is ₹119 indicating the value of the company’s net assets divided by its shares outstanding.
Face Value:
The face value of Astral’s shares is ₹1, which is the nominal value of each share as stated on the share certificate.
Asset Turnover Ratio:
The Asset Turnover Ratio of 1.28 measures how efficiently Astral uses its assets to generate sales revenue or sales income.
Total Debt:
The Total Debt of Astral stands at ₹119.4 crore, representing the total amount of money the company owes to creditors.
Return on Equity (ROE):
The ROE of 17.54% measures Astral’s profitability by revealing how much profit the company generates with the money shareholders have invested.
EBITDA (Q):
The quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Astral is ₹301.6 crore, indicating the company’s operating performance.
Dividend Yield:
The dividend yield of 0.18% shows the annual dividend payment as a percentage of Astral’s current share price, indicating the return on investment from dividends alone.
Astral Ltd Stock Performance
Astral Ltd has achieved a 1-year return on investment of -2.6%, a 3-year return of 8.27%, and a 5-year return of 28.9%. These returns show a slight decrease in the short term but demonstrate strong growth over longer periods.
| Period | Return on Investment (%) |
| 1 Year | -2.6 |
| 3 Years | 8.27 |
| 5 Years | 28.9 |
Example: If an investor had invested ₹1,000 in Astral Ltd’s stock:
1 year ago, their investment would be worth ₹974.
3 years ago, their investment would have grown to approximately ₹1,082.70.
5 years ago, their investment would have increased to approximately ₹1,289.
Astral Ltd Peer Comparison
Astral Ltd, with a current market price of ₹1,926 and a market cap of ₹51,728 crore, has a P/E of 103.57 and ROE of 18%. Despite a 1-year return of -3%, it shows strong growth potential with an ROCE of 23% and a dividend yield of 0.19%. Comparatively, Supreme Inds, Finolex Inds, Time Technoplast, Responsive Ind, Prince Pipes, and Jai Corp present diverse performance metrics with varying P/E ratios, ROE, and returns, reflecting different investment strengths and dividend yields.
| Name | CMP Rs. | Mar Cap Rs.crores | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| Supreme Inds. | 5,150 | 65,420 | 58 | 22 | 89 | 23 | 29 | 0.59 |
| Astral | 1,926 | 51,728 | 104 | 18 | 20 | -3 | 23 | 0.19 |
| Finolex Inds. | 286 | 17,715 | 34 | 9 | 14 | 39 | 11.51 | 0.51 |
| Time Technoplast | 354 | 8,044 | 24 | 13 | 15 | 158.89 | 15.98 | 0.34 |
| Responsive Ind | 288 | 7,686 | 43 | 15 | 7 | 24 | 15 | 0.04 |
| Prince Pipes | 593 | 6,552 | 38 | 12 | 17 | -12 | 14.99 | 0.17 |
| Jai Corp | 346 | 6,182 | 149 | 3 | 3 | 98 | 3.85 | 0.14 |
Astral Limited Shareholding Pattern
Astral Ltd’s shareholding pattern as of June 2024 shows promoters holding steady at 54.1%. Foreign Institutional Investors (FIIs) increased to 22.48% from 19.79% in December 2023. Domestic Institutional Investors (DIIs) decreased to 12.45%, while retail and others reduced to 10.96%.
| All values in % | Jun-24 | Mar-24 | Dec-23 |
| Promoters | 54.1 | 54.1 | 54 |
| FII | 22.48 | 21.22 | 19.79 |
| DII | 12.45 | 12.85 | 13.66 |
| Retail & others | 10.96 | 11.81 | 12.44 |
Astral Ltd History
Astral Limited is a leading Indian pipe manufacturing company, specializing in plumbing and drainage systems. The company operates through two main segments: Plumbing and Adhesives. Its product range includes various types of pipes, fittings, water tanks, faucets, and sanitaryware, catering to diverse construction and infrastructure needs.
Astral’s product portfolio is extensive, covering plumbing pipes and fittings, sewerage drainage systems, agricultural pipes, industrial pipes, cable protection systems, and urban infrastructure solutions. The company also produces fire sprinkler pipes and fittings, along with ancillary products such as solvent cement and insulation tubes.
Astral has established a strong manufacturing presence across India with multiple production units. These facilities are strategically located in various states including Gujarat, Tamil Nadu, Rajasthan, Maharashtra, Odisha, and Uttarakhand. This widespread manufacturing network enables Astral to efficiently serve different regions of the country and maintain a competitive edge in the market.
How To Invest In Astral Ltd Share?
To invest in Astral Ltd shares, begin by opening a demat account with Alice Blue. Complete the necessary KYC process and fund your account with the desired investment amount.
Research the company’s fundamentals, financial performance, and market trends before making an investment decision. Use the trading platform provided by the broker to place a buy order for Astral shares at your preferred price.
Monitor your investment regularly and stay informed about company news and market developments. Consider setting up a systematic investment plan (SIP) for long-term investing in the stock if it aligns with your financial goals.
Astral Limited Fundamental Analysis – FAQs
Fundamental analysis of Astral Ltd examines key financial metrics: Market Cap (₹56,559.42 crore), PE Ratio (103.57), Debt to Equity (3.65), and Return on Equity (17.54%). These indicators provide insights into the company’s financial health, market valuation, and overall performance in the pipe manufacturing sector.
The market capitalization of Astral is ₹56,559.42 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current share price by the total number of shares outstanding.
Astral Limited is an Indian pipe manufacturing company specializing in plumbing and drainage systems. It produces a wide range of products including pipes, fittings, water tanks, and adhesives for various applications in construction, agriculture, and industrial sectors.
Astral is a public limited company, with Sandeep Engineer as the founder and Managing Director. While the promoter group holds a significant stake, it is a listed company with multiple shareholders including institutional investors and public shareholders.
The main shareholders of Astral Limited typically include the promoter group (led by Sandeep Engineer) as major stakeholders, along with institutional investors (both domestic and foreign), mutual funds, and public shareholders. For the most current shareholding information, refer to the latest pattern disclosed by the company.
Astral operates in the construction materials industry, specifically in the pipe manufacturing sector. The company specializes in producing plumbing and drainage systems, along with related products for construction, agriculture, and industrial applications.
To invest in Astral shares, open a demat account with Alice Blue. Complete the KYC process and fund your account. Research the company thoroughly, then use the trading platform to place a buy order for the desired number of shares at your preferred price.
Determining if Astral is overvalued or undervalued requires a comprehensive analysis of its financials, growth prospects, industry trends, and market conditions. Investors should consider metrics like the P/E ratio, and PEG ratio, and compare them with industry peers and historical values for a balanced assessment.
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