Astral Limited, headquartered in Ahmedabad, India, is a prominent player in the building materials industry. With a diverse product portfolio, the company manufactures and offers a wide range of high-quality products such as adhesives, bathware, CPVC and PVC pipes, along with paints. Their commitment to quality and innovation has made them a leader in these sectors. Under the adept leadership of Managing Director Sandeep Engineer, Astral Limited has achieved substantial financial success, boasting impressive figures in revenue, net income, total assets, and equity.
In this all-encompassing article, we will explore every facet of Astral, a prominent player in the building materials industry with a diverse product portfolio and significant market presence.
About Astral
Astral Limited, formerly known as Astral Poly Technik Ltd, was established in 1996 with the vision of producing high-quality plumbing and drainage systems in India. Over the years, the company has diversified its product range to include adhesives, bathware, CPVC and PVC pipes, and paints. Its commitment to innovation and quality has driven its remarkable growth.
Astral Ltd Q3 Summary and Key Points
- Net Profit: Increased by 19% YoY to ₹113.3 crore.
- Revenue: Grew by 8.1% to ₹1,370.2 crore.
- EBITDA: Rose by 10% to ₹205.1 crore, with an improved margin of 15%.
- Inventory Loss: Experienced due to a downward trend in PVC/CPVC raw material prices.
- Production Expansion: Commercial production of pipes initiated at the Guwahati plant.
- Financial Position: Consolidated cash and bank balances at ₹332.3 crore.
- Future Plans: Capex on track, with focus on healthy margins and capacity addition.
- Business Focus: Actively building a network for the sanitaryware and faucet division.
- Analyst Commentary: Positive outlook on capex plans and margins.
Below are the trading platforms that you can use to purchase Astral shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
February 2024 | 1,991.00 | 1,731.30 |
March 2024 | 2,031.63 | 1,766.64 |
April 2024 | 1,972.46 | 1,715.18 |
May 2024 | 1,943.31 | 1,689.83 |
June 2024 | 2,013.27 | 1,750.67 |
July 2024 | 1,993.14 | 1,733.16 |
August 2024 | 2,072.86 | 1,802.49 |
September 2024 | 2,155.78 | 1,874.59 |
October 2024 | 2,113.51 | 1,837.83 |
November 2024 | 2,176.91 | 1,892.97 |
December 2024 | 2,231.33 | 1,940.29 |
Anticipating Astral share price targets for 2024, in February, the maximum price is expected to reach ₹1,991.00, with a minimum anticipated at ₹1,731.30. As we progress into March, prices are projected to fluctuate between a maximum of ₹2,031.63 and a minimum of ₹1,766.64. Looking ahead to April 2024, the market forecasts a maximum price of ₹1,972.46 and a minimum of ₹1,715.18 for Astral shares.
When | Maximum Price | Minimum Price |
January 2025 | ₹2,584.32 | ₹1,987.94 |
February 2025 | ₹2,650.58 | ₹2,038.91 |
March 2025 | ₹2,753.95 | ₹2,118.43 |
April 2025 | ₹2,699.96 | ₹2,076.89 |
May 2025 | ₹2,621.32 | ₹2,016.40 |
June 2025 | ₹2,739.28 | ₹2,107.14 |
July 2025 | ₹2,685.56 | ₹2,065.82 |
August 2025 | ₹2,768.62 | ₹2,129.71 |
September 2025 | ₹2,865.52 | ₹2,204.25 |
October 2025 | ₹2,940.03 | ₹2,261.56 |
November 2025 | ₹3,013.53 | ₹2,318.10 |
December 2025 | ₹3,088.87 | ₹2,376.05 |
Year | Maximum Price | Minimum Price |
2026 | ₹3,243.31 | ₹2,270.32 |
2027 | ₹3,567.64 | ₹2,497.35 |
2028 | ₹4,994.70 | ₹2,497.35 |
2029 | ₹4,324.41 | ₹2,162.21 |
2030 | ₹5,621.74 | ₹3,935.22 |
Astral’s future share price targets, spanning from 2026 to 2030, present a compelling narrative of sustained growth and potential profitability for investors. The projected prices indicate an upward trend over this five-year period, highlighting the company’s strong footing in the market. In 2026, the estimated share price ranges between ₹2,270.32 at the lower end and ₹3,243.31 at the upper end, suggesting significant potential for appreciation.
The subsequent years continue to portray favorable expectations, with 2027 showing prices between ₹2,497.35 and ₹3,567.64, and 2028 featuring an even more promising range from ₹2,497.35 to ₹4,994.70. This progression affirms Astral’s capacity for generating substantial returns for investors.
With a history of impressive profit growth and median sales growth, Astral has positioned itself as a robust and reliable investment option. The company’s ability to consistently expand and deliver strong financial results is evident.
Moreover, the projected share prices for 2029 and 2030, with ranges from ₹2,162.21 to ₹4,324.41 and ₹3,935.22 to ₹5,621.74, demonstrate the company’s potential to offer investors a prosperous and enduring investment opportunity. Astral’s continued growth trajectory is likely to make it an appealing choice for those seeking long-term investments in the years to come.
Astral Financial Condition: Last 5 years
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Sales (Rs. Crores) | 2,507 | 2,578 | 3,176 | 4,394 | 5,158 |
Expenses (Rs. Crores) | 2,126 | 2,136 | 2,539 | 3,640 | 4,349 |
Operating Profit (Rs. Crores) | 382 | 442 | 638 | 754 | 810 |
OPM % | 15% | 17% | 20% | 17% | 16% |
Other Income (Rs. Crores) | 15 | 11 | 25 | 35 | 37 |
Interest (Rs. Crores) | 32 | 39 | 13 | 13 | 40 |
Depreciation (Rs. Crores) | 81 | 108 | 116 | 127 | 178 |
Profit before Tax (Rs. Crores) | 283 | 306 | 533 | 648 | 628 |
Tax % | 30% | 18% | 23% | 24% | 25% |
Net Profit (Rs. Crores) | 197 | 250 | 408 | 490 | 472 |
EPS (in Rs.) | 7.36 | 9.25 | 15.10 | 18.06 | 17.00 |
Dividend Payout % | 4% | 6% | 10% | 12% | 21% |
Astral’s financial condition over the past five years showcases a consistent pattern of growth and resilience. From 2019 to 2023, the company’s sales figures have steadily risen, with a substantial increase from ₹2,507 Crores in 2019 to ₹5,158 Crores in 2023. This growth in revenue can be attributed to effective management and market presence. The operating profit margin (OPM) remained relatively stable, varying from 15% to 20% over this period.
The company’s commitment to innovation and growth is evident in its higher depreciation costs, attributed to investments in assets that enhance its operations. Despite these costs, the company’s profit before tax grew impressively, surging from ₹283 Crores in 2019 to ₹628 Crores in 2023.
The tax percentage remained moderate, and the net profit, after taxes, showed a substantial increase from ₹197 Crores in 2019 to ₹472 Crores in 2023. This growth is also reflected in the earnings per share (EPS), which went from ₹7.36 to ₹17.00 during this period.
While the company maintained a conservative dividend payout policy at the beginning of this five-year period, it later increased the payout, indicating its confidence in sustaining and sharing the profitability with its shareholders. Astral’s financial performance over these years underscores its sound financial management and resilience, making it a promising investment choice in the market.
FAQs
What was Astral’s total revenue in the fiscal year 2023?
Astral’s total revenue for the fiscal year 2023 was ₹5,158 Crores.
How has Astral’s operating profit margin evolved over the past five years?
Astral’s OPM % has remained relatively stable, ranging from 15% to 20% over the past five years.
What is the company’s profit before tax for the fiscal year 2023?
Astral reported a profit before tax of ₹628 Crores for the fiscal year 2023.
Can Astral achieve a valuation of ₹5,000 by 2030 based on its current trajectory?
It’s possible for Astral to reach ₹5,000 by 2030 given its historical growth and strong financials, but stock prices are influenced by various factors, so potential investors should consider market dynamics and conduct thorough research before making investment decisions.
Astral share price target for 2025 suggest the share could be trading in between ₹1,987.94 and ₹3,088.87.
Astral has the highest projected maximum share price in October 2030, reaching ₹5,621.74.
What is Astral’s current dividend payout ratio and how does it benefit investors?
Astral’s dividend payout ratio is 12% in 2023, indicating the company’s commitment to distributing profits to shareholders, providing them with a regular income stream and enhancing overall returns on investment.
Is Astral Limited debt-free?
Astral Limited is nearly debt-free, which contributes to its financial stability.
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Conclusion: Is It Advisable to Invest in Astral In 2024?
Astral displays strong financial stability, underscored by an impressive price-to-earnings (P/E) ratio. The company’s consistent revenue growth and its extensive product range covering adhesives, bathware, CPVC and PVC pipes, and paints highlight its substantial market presence. Astral’s financial solidity is further reinforced by its nearly debt-free status, showcasing a strong financial foundation.
In addition, Astral Limited’s profit and loss statement over the years reflects its financial prowess. The company’s revenue has steadily grown, demonstrating effective management and market strength. With a favorable P/E ratio indicating growth potential, Astral emerges as an enticing investment opportunity.
The company’s sound financial condition, consistent growth trajectory, favorable P/E ratio, and impressive profit and loss performance make it a compelling choice. However, as with any investment decision, a comprehensive assessment of market conditions, alignment with investment objectives, and thorough risk evaluation are essential. Seeking guidance from a financial advisor or conducting a detailed financial analysis is recommended to make an informed investment choice, given the inherent risks associated with investing.
What did we learn?
- 1 About Astral
- 2 Astral Ltd Q3 Summary and Key Points
- 3 How To Purchase Astral Shares?
- 4 Astral Share Price Target: 2024 To 2030
- 5 Astral Financial Condition: Last 5 years
- 6 FAQs
- 6.1 What was Astral’s total revenue in the fiscal year 2023?
- 6.2 How has Astral’s operating profit margin evolved over the past five years?
- 6.3 What is the company’s profit before tax for the fiscal year 2023?
- 6.4 Can Astral achieve a valuation of ₹5,000 by 2030 based on its current trajectory?
- 6.5 What is the Astral share price target for 2025?
- 6.6 When does Astral have the highest projected maximum share price in 2030?
- 6.7 What is Astral’s current dividend payout ratio and how does it benefit investors?
- 6.8 Is Astral Limited debt-free?
- 7 Also Read:
- 8 Conclusion: Is It Advisable to Invest in Astral In 2024?