What does Astral do?

Astral Ltd is a leading manufacturer of CPVC and PVC plumbing systems for residential and industrial use, with a market cap of Rs 40,969 Cr and a net profit of 179 Cr as of March 2025. The company has a P/E ratio of 78.00 and a return on equity of 14.48%.

Overview: <BR>Astral Ltd is a leading manufacturer in the Plastic Products - Industrial sector, specializing in Chlorinated Poly Vinyl Chloride (CPVC) and Poly Vinyl Chloride (PVC) plumbing systems for both residential and industrial applications.<BR><BR>History: <BR>Astral Ltd was incorporated in an unspecified year and has established itself as a prominent player in the CPVC and PVC pipe industry. The latest quarterly results reported are for March 2025, showcasing the company's ongoing performance.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,681 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 179 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 40,969 Cr (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 78.00 <BR>Industry P/E: 41 <BR>Dividend Yield: 0.25% <BR>Debt-Equity: -0.10 <BR>Return on Equity: 14.48% <BR>Price to Book: 11.23<BR><BR>Contact Details: <BR>Address: Astral House 207/1, B/h Rajpath Club Off SGHighway Ahmedabad Gujarat : 380059 <BR>Tel: 91-079-66212000 <BR>Email: co@astralpipes.com/investor@astralp <BR>Website: http://www.astralltd.com

What is the bonus history of the Astral?

Astral's bonus history includes a recent 1:3 bonus issue announced on March 14, 2023, another 1:3 bonus on March 18, 2021, and a 1:4 bonus issued on September 16, 2019, reflecting a consistent strategy of rewarding shareholders.

Astral has a notable bonus history. The most recent bonus issue was a 1:3 ratio, which was announced with an ex-date of March 14, 2023. Prior to that, there was another 1:3 bonus issue on March 18, 2021, with a record date of March 19, 2021. Additionally, on September 16, 2019, Astral issued a bonus at a ratio of 1:4. This pattern indicates a consistent approach to rewarding shareholders through bonus issues over the years.

Has Astral declared dividend?

Yes, Astral Ltd has declared a 150% dividend, amounting to 1.5 per share, with an ex-date of November 14, 2024. Recent total returns show mixed performance, with significant declines in the short term but strong recovery over the longer term.

Astral Ltd has declared a 150% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 150%<BR>- Amount per share: 1.5<BR>- Ex-date: 14 Nov 24<BR><BR>Dividend Yield: 0.25%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -17.9%, the dividend return was 0%, resulting in a total return of -17.9%.<BR><BR>Over the past year, the price return was -29.58%, the dividend return was 0.17%, leading to a total return of -29.41%.<BR><BR>In the 2-year period, the price return was -20.75%, the dividend return was 0.38%, which resulted in a total return of -20.37%.<BR><BR>For the 3-year period, the price return was 17.73%, the dividend return was 0.85%, culminating in a total return of 18.58%.<BR><BR>In the 4-year period, the price return was 6.41%, the dividend return was 0.87%, resulting in a total return of 7.28%.<BR><BR>Finally, over the last 5 years, the price return was 194.09%, the dividend return was 2.49%, leading to a total return of 196.58%.<BR><BR>Overall, while Astral Ltd has declared a substantial dividend, the recent total returns indicate a mixed performance, with significant declines in shorter periods but a strong recovery over the longer term.

Who are the peers of the Astral?

Astral's peers include Supreme Inds., Finolex Inds., Garware Hi Tech, Shaily Engineer, Time Technoplast, Kingfa Science, Jain Irrigation, Prince Pipes, Apollo Pipes, and Jai Corp. Shaily Engineer leads in 1-year returns at 199.86%, while Astral's return is -30.49%, better than Prince Pipes' -46.97%.

Peers: The peers of Astral are Supreme Inds., Finolex Inds., Garware Hi Tech, Shaily Engineer., Time Technoplast, Kingfa Science, Jain Irrigation, Prince Pipes, Apollo Pipes, and Jai Corp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds. and Kingfa Science, while Good management risk is found at Astral, Finolex Inds., Shaily Engineer., Time Technoplast, and Prince Pipes. Average management risk is noted at Garware Hi Tech, while Jain Irrigation and Jai Corp exhibit Below Average management risk. In terms of Growth, Excellent growth is seen at Shaily Engineer. and Kingfa Science, while Good growth is observed at Astral, Finolex Inds., and the rest. Below Average growth is noted at Finolex Inds., Time Technoplast, and Prince Pipes, while Jain Irrigation shows Good growth but has a Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Shaily Engineer. at 199.86%, while the lowest is Prince Pipes at -46.97%. Astral's 1-year return of -30.49% is better than Prince Pipes but worse than Shaily Engineer. Additionally, several peers, including Supreme Inds., Finolex Inds., and Jain Irrigation, have negative six-month returns.

Who are in the management team of Astral?

As of March 2023, the management team of Astral includes Sandeep P Engineer (Chairman & Managing Director), Jagruti S Engineer, Girish B Joshi, Kairav Sandeep Engineer, Hiranand Asandas Savlani (all Whole-time Directors), along with Manan Bhavsar (Company Secretary), and several Independent Directors including Kaushal Nakrani, Viral Jhaveri, C K Gopal, Chetas Desai, and Dhinal A. Shah. This team oversees the company's strategic direction and operations.

As of March 2023, the management team of Astral includes the following individuals:<BR><BR>1. Sandeep P Engineer - Chairman & Managing Director<BR>2. Jagruti S Engineer - Whole-time Director<BR>3. Girish B Joshi - Whole-time Director<BR>4. Kairav Sandeep Engineer - Whole-time Director<BR>5. HIRANAND ASANDAS SAVLANI - Whole-time Director<BR>6. Manan Bhavsar - Company Secretary & Compliance Officer<BR>7. Kaushal Dakshesh Nakrani - Independent Director<BR>8. Viral Jhaveri - Independent Director<BR>9. C K Gopal - Independent Director<BR>10. CHETAS GULABBHAI DESAI - Independent Director<BR>11. Dhinal A. Shah - Independent Director<BR><BR>This team is responsible for the strategic direction and operational management of the company.

Who are the top shareholders of the Astral?

The top shareholders of Astral include Sandeep Pravinbhai Engineer, who holds 31.57%, followed by foreign institutional investors at 20.17%, mutual funds at 8.38%, and the Life Insurance Corporation of India at 2.39%. Individual investors collectively own 9.61% of the company.

The top shareholders of Astral include the promoters, who hold the majority of the shares. The promoter with the highest holding is Sandeep Pravinbhai Engineer, owning 31.57% of the company. Additionally, foreign institutional investors (FIIs) hold 20.17% of the shares, while mutual funds account for 8.38% through 33 schemes. The highest public shareholder is the Life Insurance Corporation of India, which holds 2.39%. Individual investors collectively own 9.61% of the company.

How big is Astral?

As of 24th July, Astral Ltd has a market capitalization of 39,238.00 Cr, with recent net sales of 5,832.40 Cr and a net profit of 523.80 Cr. The latest balance sheet shows shareholder's funds of 3,188.10 Cr and total assets of 4,495.80 Cr.

As of 24th July, Astral Ltd has a market capitalization of 39,238.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, Astral reported Net Sales of 5,832.40 Cr and a Net Profit of 523.80 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 3,188.10 Cr and Total Assets of 4,495.80 Cr.

When is the next results date for Astral?

The next results date for Astral is November 5, 2025.

The next results date for Astral is scheduled for November 5, 2025.

Are Astral latest results good or bad?

Astral's Q2 FY26 results show a positive turnaround with a net profit increase of 66.21% QoQ and 22.55% YoY, alongside revenue growth of 15.88% QoQ. However, concerns remain due to operating margin pressures and a high P/E ratio of 82, indicating the need for sustained performance to meet market expectations.

Astral's latest results for Q2 FY26 can be characterized as a positive turnaround compared to the previous quarter. The company reported a net profit of ₹134.80 crore, which marks a significant increase of 66.21% quarter-on-quarter and 22.55% year-on-year. Revenue also saw a healthy growth of 15.88% QoQ and 15.11% YoY, reaching ₹1,577.40 crore.<BR><BR>However, while the overall performance shows improvement, there are underlying concerns. The operating margin increased to 16.28%, up from 13.58% in the previous quarter, but this is still below the 17.94% margin achieved in the same quarter last year. This indicates ongoing cost pressures that the company is facing.<BR><BR>In terms of valuation, Astral's stock is trading at a high premium, with a P/E ratio of 82, significantly above the industry average of 41. This suggests that while the recent results are encouraging, the market expectations are high, and the company must sustain its performance to justify such valuations.<BR><BR>Overall, the results indicate a recovery, but the company needs to address margin pressures and maintain growth to reassure investors.

How has been the historical performance of Astral?

Astral has shown consistent growth in net sales and profits, with net sales rising from 2,507.30 Cr in March 2019 to 5,832.40 Cr in March 2025, and profit after tax reaching 518.90 Cr in March 2025. The company has also significantly increased its total assets and liabilities during this period.

Answer:<BR>The historical performance of Astral shows a consistent growth trajectory in net sales and profits over the years.<BR><BR>Breakdown:<BR>Astral's net sales have increased from 2,507.30 Cr in March 2019 to 5,832.40 Cr in March 2025, reflecting a strong upward trend. The total operating income has followed a similar pattern, rising to 5,832.40 Cr in March 2025 from 2,507.30 Cr in March 2019. The company's operating profit (PBDIT) has also seen growth, reaching 987.20 Cr in March 2025, up from 400.30 Cr in March 2019. However, profit before tax peaked at 733.70 Cr in March 2024 before slightly declining to 702.50 Cr in March 2025. Profit after tax has shown a steady increase, culminating at 518.90 Cr in March 2025, although it was slightly lower than the previous year's 545.70 Cr. The company's total assets have grown significantly from 2,289.10 Cr in March 2020 to 5,047.80 Cr in March 2025, indicating robust asset accumulation. Total liabilities have also increased, reaching 5,047.80 Cr in March 2025, reflecting the company's expansion. Cash flow from operating activities was 629.00 Cr in March 2025, down from 823.00 Cr in March 2024, while the net cash outflow was minimal at -1.00 Cr in March 2025. Overall, Astral has demonstrated solid growth in sales and profitability, alongside an increase in assets and liabilities.

Is Astral technically bullish or bearish?

As of November 21, 2025, the trend is mildly bullish due to positive weekly indicators, but caution is advised due to bearish monthly signals.

As of 21 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and KST both indicating bullish momentum, while the daily moving averages also reflect a mildly bullish outlook. However, the monthly MACD and KST are bearish, suggesting caution. The RSI shows no signal on the weekly timeframe but is bullish on the monthly, indicating mixed signals. Overall, the strength of the bullish stance is tempered by bearish indicators on the monthly charts.

Should I buy, sell or hold Astral?

Why is Astral falling/rising?

As of 14-Dec, Astral Ltd's stock price is currently at 1,412.85, reflecting a change of 6.5 (0.46%) upward. Despite a recent uptick, the stock has declined significantly over longer periods, with a year-to-date drop of 14.53% and a 22.83% decline over the past year, indicating poor performance metrics and reduced investor engagement.

As of 14-Dec, Astral Ltd's stock price is currently at 1,412.85, reflecting a change of 6.5 (0.46%) upward. The stock has shown a positive performance today, outperforming its sector by 0.41% and has been gaining for the last two days with a total return of 1.55% during this period. <BR><BR>However, despite this recent uptick, the stock has faced significant challenges over longer periods. Over the past week, it has declined by 3.13%, and in the past month, it has dropped by 10.89%. Year-to-date, the stock is down 14.53%, and it has experienced a substantial decline of 22.83% over the past year. This underperformance is compounded by a lack of investor participation, as evidenced by a 29.02% decrease in delivery volume compared to the five-day average.<BR><BR>While the company demonstrates high management efficiency with a return on equity (ROE) of 17.96% and a low debt-to-equity ratio, these positive factors are overshadowed by its flat results in the recent quarter and a very expensive valuation indicated by a price-to-book value of 10.1. Additionally, the stock has underperformed against benchmarks like the Sensex and BSE500 over various time frames, which may contribute to investor sentiment leaning towards selling.<BR><BR>In summary, while Astral Ltd has seen a slight rise in its stock price recently, the overall trend indicates significant declines over longer periods, driven by poor performance metrics and reduced investor engagement.

Which are the latest news on Astral?