About Astral Limited Stock Exchange
Astral Limited is the name for the companies listed on Stock Exchanges in the country. The company was founded by Sandeep Engineer and the company was known as Astral Poly Technik Private Limited at the time of incorporation, but the name of the company was changed in the same year itself in the month of September 1996 and the company was known as Astral Poly Technik Limited.
The current name of the company is Astral Limited/ The Chairman and Managing Director of the company is Sandeep Engineer. While the company has Girish B Joshi and Jagruti S Engineer as Whole Time Directors of the company.
Astral PVC Supplier
Since 1999, the company has been a manufacturer and supplier of CPVC piping and plumbing systems in India. The company is the first Noveon USA (previously known as B.F Goodrich USA’s Specialty Chemical Division) licensee in India to manufacture and market CPVC piping and plumbing systems.
To boost its commercial goals, the company formed a techno-financial joint venture with Specialty Process LLC of the United States, which supplied the company with the necessary technical knowledge for manufacturing CPVC pipes and fittings for residential and industrial use.
Through the acquisition of Resinova Chemie Limited and Seal IT Services, Astral has effectively moved from producing pipes and fittings to joining the adhesives market. Rex Polyextrusion Private Limited (REPL) was acquired by the company a few years ago, bolstering its product portfolio.
The Company can now offer newer infrastructure items with a wider range of applications thanks to its increased product suite. The company has a subsidiary company in name Asreal Adhesives, which provides Adhesive solutions for the home.
Astral Pipes has state-of-the-art manufacturing facilities around the country, allowing it to address the needs of various regions and customers. Backward integration capabilities for CPVC compounding (45000 MT pa) allow the company to become a true Indian manufacturer.
Material handling and feeding systems are automated in the company’s six manufacturing facilities across the country.
Astral Polytechnik’s production process and control are based on a SCADA system, and the company has an in-house quality control department. The company has its manufacturing units for pipes in India in different states across the country and the locations include –
- Santej, Gujarat
- Dholka, Gujarat
- Hosur, Tamil Nadu
- Ghiloth, Rajasthan
- Sangli, Maharashtra
- Sitarganj, Uttarakhand
Astral Market Price
The current market price of the company is 1,955.00 points after gaining 19.40 points in a day. The share price has fallen once in the past 5 working days while it has risen four times and the gain has been continuous in the past 4 working days.
The share price of the company has gained 5.78% of its last value in the past week while it has fallen in a month by about 5.70% and if an investor seeks for long term like 3 years, the share price of the company has gained a good amount of value of 169.00%, which is a good amount for a long term investment in the company.
The company has a history of paying out dividends to its investors from time to time. Generally, the company gives interim dividends in the month of July or August and in the month of November. In the month of November 2021, the interim dividend per share was Rs. 1.25 and in August 2021, the amount was Rs. 1.00 per share.
The shareholding pattern of the company has the promoters its main shareholders as they own 55.73% of the company, while the public shareholding is 12.81% only. The rest of the company is owned by Institutional investors and other holders of the company.
The standalone financials of the company are (Rs. Crores)-
Year | 2019 | 2020 | 2021 |
Revenue | 1915 | 2042 | 2486 |
Net Profit | 141 | 200 | 326 |
Astral profit
The company in the past few years has been earning good revenue and profits over the years. The revenue of the company has increased from 2019 to 2020 by Rs. 127 crores which are about 6.63% more as compared to 2019 and in the year 2021.
It saw an increase in its revenue as compared to 2020 by Rs. 444 Crores which is 21.74% but in the terms of percentage increase of revenue of the company, it is more in 2021 as compared to 2020. As far as the net profits of the company are concerned, the net profits have increased in 2020 from 2019 by Rs. 59 crores which are 41.84% more than in 2019, and in 2021 the net profits have increased by Rs. 126 crores which are 63.00% more than 2020.
The standalone financials of the company provide detailed information about the company and the company is doing well, as it can be seen the company has been doing well in one of its businesses.
Astral Debt Ratio
The company in its past 3 years has also lowered debt to equity ratio. This means the company is paying off its debt over the years. In the year 2019, the debt to equity ratio was increased as compared to 2018, but in the year 2020, the company has lowered its previous debts and in 2021 the company lowered its debt even more which is good news for the company and its investors, as if the company goes into dissolution at any point of time, then the investors of the company would get their money back and they don’t have to face much loss.
The company has hired the services of Salman Khan for its advertisement over time. The company is advertising its brand through sports as well. The company is the official partner of Chennai Super Kings, an Associate Partner of Mumbai Indians, and an Associate Sponsor of Gujarat Titans.
