Astral Ltd.

NSE: ASTRAL · Plastic Products - Industrial

52W Range₹1,312 ₹1,769

Snapshot

Unlock Astral Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Astral Limited is a prominent Indian manufacturer specialising in piping systems, water tanks, and adhesive solutions for residential, industrial, and agricultural applications. The company operates through two primary segments: plastics and adhesives, offering a diverse portfolio of branded products including CPVC, uPVC, and drainage systems.

Business Model

The company generates revenue through the manufacturing and distribution of high-performance piping and adhesive products sold via an extensive network of dealers and distributors. It leverages strong brand positioning and a wide product range to cater to both infrastructure projects and individual consumer needs.

Growth Outlook

Growth is driven by the expansion of the company's product portfolio into new categories such as cable protection and insulation, alongside sustained demand from the Indian construction and infrastructure sectors. The company continues to focus on brand consolidation and market penetration across its diverse piping and adhesive offerings.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of crude oil derivatives, such as PVC resin, directly impact the company's production costs and profit margins.
  • Intense Market Competition. The piping and adhesives industry is highly competitive, with pressure from both organised players and unorganised regional manufacturers.
  • Cyclicality of Real Estate. The company's performance is closely linked to the health of the real estate and construction sectors, which are subject to economic cycles.
  • Supply Chain Disruptions. Dependence on global supply chains for specific raw materials and additives poses a risk to consistent manufacturing output.

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Key Metrics

REVENUE

₹6,785 Cr

TTM · consolidated

+16.8%YoY

NET PROFIT

₹576 Cr

TTM · consolidated

+20.3%YoY

EPS

₹21.43

TTM · consolidated

+18.8%YoY

RETURN ON EQUITY

15.0%

TTM · consolidated

+1.8 ppYoY

RETURN ON CAPITAL EMPLOYED

20.5%

TTM · consolidated

+2.7 ppYoY

P/E

69.7x

Q1 FY27 · consolidated

69.7 vs 71.8x5Y avg

EV/EBITDA

34.0x

Q1 FY27 · consolidated

34.0 vs 45.3x5Y avg

EBITDA MARGIN

17.1%

TTM · consolidated

+0.7 ppYoY

NET PROFIT MARGIN

7.6%

Q1 FY27 · consolidated

+1.8 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Astral Ltd.ASTRAL
₹40,107 Cr69.6633.9616.8%17.1%15.0%20.5%+5.0%
Supreme Industries Ltd.SUPREMEIND
₹44,142 Cr42.5426.058.7%14.7%17.5%19.8%-24.3%
Garware Hi-Tech Films LimitedGRWRHITECH
₹16,464 Cr42.4428.756.0%25.2%15.4%20.2%+144.9%
Shaily Engineering Plastics LimitedSHAILY
₹15,079 Cr85.2250.6720.0%29.3%28.0%35.5%+50.0%
Finolex Industries Ltd.FINPIPE
₹9,843 Cr16.3511.51-0.7%21.6%9.7%12.2%-27.3%
Time Technoplast LimitedTIMETECHNO
₹9,305 Cr18.2810.1015.5%14.4%14.3%18.8%-60.2%

As of Q1 FY27

Financials