Astral Faces Evaluation Score Adjustment Amid Rising Costs and Declining Profits

Astral, a midcap player in the plastic products industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, indicating a transition from a bearish outlook to a mildly bearish stance.
Key financial metrics reveal that Astral's interest coverage ratio is at its lowest, while raw material costs have seen a year-over-year increase of 13.99%. The company reported net sales of INR 13,612 million, marking a significant point of concern. Despite a return on equity (ROE) of 14.5, the stock appears to be valued at a premium, with a price-to-book ratio of 10.6.

Over the past year, Astral has generated a return of -27.45%, with profits declining by 11.4%. The stock has also underperformed against the BSE500 index over various time frames, including the last three years. However, the company maintains a low debt-to-equity ratio and exhibits high management efficiency, with an ROE of 18.04%.

Astral holds a significant position in its sector, constituting 19.15% of the industry, with annual sales of Rs 5,810 million.

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