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Astral Ltd share Price Today

Company details

1,960.05
2,022.55
1,383.55
2,143.80
6M Return 2.76%
1Y Return 39.88%
Mkt Cap.(Cr) 52,765.06
Volume 413,279
Div Yield 0.18%
OI
-
OI Chg %
-
Volume 413,279

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Plastic Products company Astral announced Q2FY24 & H1FY24 results:

Financial Performance
1. Astral Limited reported a 16.3% increase in revenue from operations, reaching Rs 13,630 million in Q2FY24.
2. The company achieved significant growth in EBDITA, with a growth rate of 50.7% and reaching Rs 2,335 million in Q2FY24.
3. Astral's EBDITA margin increased to 17.1% in Q2FY24 from 13.2% in Q2FY23.
4. The Profit Before Tax (PBT) for Q2FY24 was Rs 1,768 million, a 54.5% growth compared to the same period last year.
5. The company's PAT (Profit After Tax) increased by 82.9% in Q2FY24, reaching Rs 1,317 million.
6. Astral Limited recorded a basic/diluted EPS (Earnings Per Share) of Rs 4.88 in Q2FY24.
7. The Board of Directors has approved a payment of an interim dividend of Rs 1.50 per share. (Face value of Re 1/- each).

Plumbing Business
1. Astral Limited's Plumbing Business reported a revenue from operations of Rs 9,804 million in Q2FY24, a 17.3% growth compared to the same period last year.
2. The segment EBIDTA for the Plumbing Business reached Rs 1,768 million, showing a growth rate of 57.2% in Q2FY24.
3. Plumbing volume experienced a significant growth of 27.8% in Q2FY24 compared to the same period last year.

Paints and Adhesives Business
1. Astral Limited's Paints and Adhesives Business reported revenue from operations of Rs 3,826 million in Q2FY24, a growth of 14.0% compared to the same period last year.
2. The segment EBIDTA for the Paints and Adhesives Business reached Rs 567 million in Q2FY24, showing a growth rate of 33.7%.

 

 

Result PDF

View Other Company Results

Astral Ltd shares SWOT Analysis

Strengths (4)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Company with Zero Promoter Pledge

Weakness (4)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 2,004.5
R2 2,044.8
R3 2,067.0
Pivot

1,982.28

S1 1,942.0
S2 1,919.8
S3 1,879.5
EMA SMA
2,009.0
1,987.3
1,952.9
1,889.8
1,998.2
1,992.0
1,940.9
1,925.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SAUMYA POLYMERS LLP Bulk Sell 2023-12-20 1889.8 3620737 NSE
MORGAN STANLEY INSTITUTIONAL FUND INC EMERGING MARKETS PORTFOLIO Block Purchase 2023-12-20 1889.8 1322890 NSE
NIPPON INDIA MUTUAL FUND Block Purchase 2023-12-20 1889.8 1200000 NSE
Name Category Shares
SANDEEP PRAVINBHAI ENGINEER PROMOTER 31.57%
JAGRUTI SANDEEP ENGINEER PROMOTER 7.56%
SAUMYA POLYMERS LLP PROMOTER 8.48%
KAIRAV CHEMICALS LIMITED PROMOTER 6.48%

OUR RESEARCH VIEW

Investment recommendation
Upbeat operating performance…
Call Date
18 May 2023
Entry Price 1,720.00
Target Price 1,780.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Astral Ltd Stocks COMPARISON

Financials( in Cr) Astral Ltd Supreme Industries Ltd Finolex Industries Ltd Safari Industries (India) Ltd Responsive Industries Ltd
Price 1,964.25 4,150.85 248.50 1,978.10 295.45
% Change -1.55 0.66 -3.91 -0.02 0.19
Mcap Cr 52,765.06 52,727.00 15,418.85 9,646.60 7,885.94
Revenue TTM Cr 5,158.50 9,201.59 4,397.05 1,211.98 973.66
Net Profit TTM Cr 472.50 865.33 250.70 125.09 24.44
PE TTM 93.34 48.98 32.43 56.53 57.77
1 Year Return 39.88 60.49 50.38 88.33 126.92
ROCE 25.53 26.65 6.42 37.54 4.60
ROE 18.73 20.99 5.13 34.43 2.48
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,711.20 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

Astral Ltd Information

Stock PE (TTM)
93.34
Promoter Holding
54.1%
Book Value
107.9922
ROCE
25.53%
ROE
18.73%
Registered Address

Astral House 207/1, B/h Rajpath Club Off SGHighway, Ahmedabad, Gujarat, 380059

Tel : 91-079-66212000
Email : co:astralltd.com
Website : http://www.astralltd.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532830
NSE Code : ASTRAL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE006I01046

FAQ’s on Astral Ltd Shares

You can buy Astral Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Astral Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:05 PM the closing price of Astral Ltd was ₹ 1,964.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 12, 2024 04:05 PM, the market cap of Astral Ltd stood at ₹ 52,765.06.

The latest PE ratio of Astral Ltd as of Apr 12, 2024 04:05 PM is 93.34

The latest PB ratio of Astral Ltd as of Apr 12, 2024 04:05 PM is 0.05

The 52-week high of Astral Ltd share price is ₹ 2,143.80 while the 52-week low is ₹ 1,383.55

According to analyst recommendations, Astral Ltd Share has a “Buy” rating for the long term.

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