Astral Ltd

ASTRAL

Watchlist

AI Mode

‌

Market Cap

₹ 38,346 Cr

P/E

75.28

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Astral Limited is a leading manufacturer of CPVC and PVC plumbing systems for residential and industrial use, with significant market share in India.

The company has diversified into adhesives, sealants, infrastructure products, water tanks, paints, faucets, sanitaryware, becoming a comprehensive home-building material player.

Astral invested Rs. 1,400 crores in CAPEX in the last four years across verticals, fuelling growth from new plants in diverse geographies, boosting market share despite industry challenges.

Astral’s CPVC plant is nearing completion with operations starting by September 2026, addressing supply chain efficiency and boosting internal consumption capabilities.

Despite volatility in polymer prices and monsoon impacts, Astral achieved a 20% volume growth and improvement in EBITDA margin, focusing on value-added products.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

38,346 Cr

Volatility

Moderate Risk

P/E Ratio

75.3

Industry P/E

48.4

PEG Ratio

3.5

P/B Ratio

10.2

52W High

1,861.50

52W Low

1,232.00

Sales CAGR

3.39%

9.25%

20.99%

10Y

15.32%

Profit CAGR

-4.89%

7.04%

23.04%

10Y

25.59%

ROE

TTM

13.49%

15.39%

17.00%

10Y

16.71%

ROCE

TTM

18.14%

20.93%

22.83%

10Y

22.27%

Technicals

‌

Forecasts

Unlock Premium Features

Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SUPREMEIND	3405.85	41,594 Cr	49.06	7.27	1.04	14.82	18.33	11.35
ASTRAL	1462.45	38,346 Cr	75.28	10.16	0.26	13.49	18.14	9.71
FINPIPE	167.50	10,275 Cr	21.40	1.74	2.17	8.12	11.02	7.09
PRINCEPIPE	254.00	2,772 Cr	119.40	1.74	0.20	1.46	2.58	1.04
APOLLOPIPE	294.50	1,376 Cr	53.45	1.67	0.22	3.12	5.04	2.15
POLYSIL	299.70	688 Cr	—	16.27	0.00	-3.24	0.58	-1.72
PPL	248.85	606 Cr	11.42	1.32	0.95	11.60	16.39	9.47

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,283	1,363	1,370	1,625	1,384	1,370	1,397	1,681	1,361	1,577
Expenses	1,082	1,143	1,165	1,334	1,169	1,160	1,178	1,380	1,176	1,321
Operating Profit	202	220	205	292	214	210	220	302	185	257
OPM %	15.71	16.15	14.97	17.94	15.50	15.33	15.71	17.96	13.58	16.28
Other Income	12	13	6.40	10	12	8.80	12	8.90	9.10	11
Interest	5.80	8.00	7.50	7.80	7.60	10	14	9.60	12	16
Depreciation	46	49	50	53	56	60	63	65	72	72
Profit Before Tax	162	177	154	241	163	149	154	236	110	180
Tax %	26.18	25.51	26.38	24.87	26.73	26.95	26.98	24.66	27.87	25.07
Net Profit	119	132	113	181	120	109	113	178	79	135
EPS in Rs	4.46	4.88	4.23	6.76	4.48	4.10	4.25	6.67	3.02	5.02

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,127	2,106	2,507	2,578	3,176	4,394	5,159	5,641	5,832	5,810
Expenses	1,631	1,756	2,122	2,135	2,532	3,639	4,349	4,723	4,887	4,894
Operating Profit	496	350	385	443	645	755	810	918	946	916
OPM %	23.34	16.61	15.35	17.18	20.29	17.19	15.70	16.28	16.22	15.77
Other Income	5.52	10	12	11	18	33	23	42	41	39
Interest	18	22	32	39	13	13	40	29	41	46
Depreciation	50	57	81	108	117	127	178	198	243	260
Profit Before Tax	201	248	283	306	533	649	615	734	703	649
Tax %	27.98	29.20	30.38	18.46	23.41	24.38	25.31	25.63	26.14	26.28
Net Profit	145	176	197	250	408	490	460	546	519	479
EPS in Rs	5.39	6.51	6.85	8.88	13.90	18.02	16.99	20.33	19.50	18.96
Dividend Payout %	4.97	4.10	5.36	8.10	9.94	16.66	20.59	18.45	19.23	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	15	20	20	27	27	27
Reserves	696	835	1,006	1,266	1,488	1,876	2,317	2,684	3,161	3,590
Borrowings	131	162	123	194	132	80	98	87	119	233
Other Liabilities	465	453	534	628	654	697	952	1,575	1,190	1,206
Total Liabilities	1,304	1,462	1,675	2,099	2,289	2,673	3,387	4,373	4,498	5,056
Fixed Assets	645	741	842	1,105	1,255	1,315	1,496	1,951	2,299	2,712
CWIP	15	25	73	81	44	57	123	126	151	116
Investments	0.00	0.00	0.00	0.20	0.20	0.00	0.00	0.00	0.00	0.00
Other Assets	644	696	759	913	990	1,302	1,768	2,297	2,048	2,228
Total Assets	1,304	1,462	1,675	2,099	2,289	2,673	3,387	4,373	4,498	5,056

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	226	114	282	342	405	664	543	—	—	630
Cash from Investing Activity	-203	-158	-185	-291	-318	-454	72	0.00	0.00	-513
Cash from Financing Activity	16	12	-71	-5.00	-163	-153	-44	—	—	-118
Net Cash Flow	38	-32	25	46	-75	57	571	0.00	0.00	-1.30

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	55.85%	55.85%	55.85%	55.85%	54.10%	54.10%	54.10%	54.10%	54.10%	54.10%	54.10%	54.21%
FIIs	14.88%	13.86%	15.64%	18.50%	19.79%	21.22%	22.48%	22.32%	21.08%	20.17%	20.14%	16.61%
DIIs	15.23%	16.50%	15.87%	13.21%	13.67%	12.85%	12.45%	12.47%	13.92%	14.76%	14.90%	17.79%
Public	14.05%	13.80%	12.64%	12.44%	12.44%	11.82%	10.97%	11.11%	10.90%	10.97%	10.85%	11.39%
Total Shareholders	3,03,281	3,19,899	2,92,672	2,95,456	2,93,602	2,85,688	2,62,050	2,93,911	2,97,527	3,09,714	2,98,456	2,97,582

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 24, 2025	Integrated core strategies (a...	Bulk	Buy	1,473.35	226.74 Cr	15,38,923	0.57
Sep 25, 2025	Saumya polymers llp	Insider - Promoter Group	Acquisition	1,430.48	7.15 Cr	50,000	0.01
Sep 25, 2025	Kairav chemicals limited	Insider - Promoter Group	Acquisition	1,431.72	7.16 Cr	50,000	0.01
Aug 19, 2025	Saumya polymers llp	Insider - Promoter Group	Acquisition	1,316.03	13.16 Cr	1,00,000	0.03
Aug 19, 2025	Kairav chemicals limited	Insider - Promoter Group	Acquisition	1,314.77	13.15 Cr	1,00,000	0.03
Jun 29, 2024	Hiranand savlani huf	Insider - Other	Disposal	2,428.09	6.07 Cr	25,000	0.00
Jun 29, 2024	Pritesh nareshbhai shah	Insider - Designated Person	Disposal	2,428.27	0.27 Cr	1,100	—
Jun 27, 2024	Tarak gaurangbhai acharya	Insider - Designated Person	Disposal	2,450.04	0.25 Cr	1,000	—
Jun 27, 2024	Chirag mansukhlal pandya	Insider - Designated Person	Disposal	2,450.00	0.37 Cr	1,500	—
Jun 25, 2024	Chirag mansukhlal pandya	Insider - Designated Person	Disposal	2,386.00	0.60 Cr	2,500	—

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q4 FY23

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,283	1,363	1,370	1,625	1,384	1,370	1,397	1,681	1,361	1,577
Expenses	1,082	1,143	1,165	1,334	1,169	1,160	1,178	1,380	1,176	1,321
Operating Profit	202	220	205	292	214	210	220	302	185	257
OPM %	15.71	16.15	14.97	17.94	15.50	15.33	15.71	17.96	13.58	16.28
Other Income	12	13	6.40	10	12	8.80	12	8.90	9.10	11
Interest	5.80	8.00	7.50	7.80	7.60	10	14	9.60	12	16
Depreciation	46	49	50	53	56	60	63	65	72	72
Profit Before Tax	162	177	154	241	163	149	154	236	110	180
Tax %	26.18	25.51	26.38	24.87	26.73	26.95	26.98	24.66	27.87	25.07
Net Profit	119	132	113	181	120	109	113	178	79	135
EPS in Rs	4.46	4.88	4.23	6.76	4.48	4.10	4.25	6.67	3.02	5.02

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,127	2,106	2,507	2,578	3,176	4,394	5,159	5,641	5,832	5,810
Expenses	1,631	1,756	2,122	2,135	2,532	3,639	4,349	4,723	4,887	4,894
Operating Profit	496	350	385	443	645	755	810	918	946	916
OPM %	23.34	16.61	15.35	17.18	20.29	17.19	15.70	16.28	16.22	15.77
Other Income	5.52	10	12	11	18	33	23	42	41	39
Interest	18	22	32	39	13	13	40	29	41	46
Depreciation	50	57	81	108	117	127	178	198	243	260
Profit Before Tax	201	248	283	306	533	649	615	734	703	649
Tax %	27.98	29.20	30.38	18.46	23.41	24.38	25.31	25.63	26.14	26.28
Net Profit	145	176	197	250	408	490	460	546	519	479
EPS in Rs	5.39	6.51	6.85	8.88	13.90	18.02	16.99	20.33	19.50	18.96
Dividend Payout %	4.97	4.10	5.36	8.10	9.94	16.66	20.59	18.45	19.23	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	15	20	20	27	27	27
Reserves	696	835	1,006	1,266	1,488	1,876	2,317	2,684	3,161	3,590
Borrowings	131	162	123	194	132	80	98	87	119	233
Other Liabilities	465	453	534	628	654	697	952	1,575	1,190	1,206
Total Liabilities	1,304	1,462	1,675	2,099	2,289	2,673	3,387	4,373	4,498	5,056
Fixed Assets	645	741	842	1,105	1,255	1,315	1,496	1,951	2,299	2,712
CWIP	15	25	73	81	44	57	123	126	151	116
Investments	0.00	0.00	0.00	0.20	0.20	0.00	0.00	0.00	0.00	0.00
Other Assets	644	696	759	913	990	1,302	1,768	2,297	2,048	2,228
Total Assets	1,304	1,462	1,675	2,099	2,289	2,673	3,387	4,373	4,498	5,056

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	226	114	282	342	405	664	543	—	—	630
Cash from Investing Activity	-203	-158	-185	-291	-318	-454	72	0.00	0.00	-513
Cash from Financing Activity	16	12	-71	-5.00	-163	-153	-44	—	—	-118
Net Cash Flow	38	-32	25	46	-75	57	571	0.00	0.00	-1.30

Overview

Detailed Summary

Astral Limited is a leading manufacturer of CPVC and PVC plumbing systems for residential and industrial use, with significant market share in India.

The company has diversified into adhesives, sealants, infrastructure products, water tanks, paints, faucets, sanitaryware, becoming a comprehensive home-building material player.

Astral invested Rs. 1,400 crores in CAPEX in the last four years across verticals, fuelling growth from new plants in diverse geographies, boosting market share despite industry challenges.

Astral’s CPVC plant is nearing completion with operations starting by September 2026, addressing supply chain efficiency and boosting internal consumption capabilities.

Despite volatility in polymer prices and monsoon impacts, Astral achieved a 20% volume growth and improvement in EBITDA margin, focusing on value-added products.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

38,346 Cr

Volatility

Moderate Risk

P/E Ratio

75.3

Industry P/E

48.4

PEG Ratio

3.5

P/B Ratio

10.2

52W High

1,861.50

52W Low

1,232.00

Sales CAGR

3.39%

9.25%

20.99%

10Y

15.32%

Profit CAGR

-4.89%

7.04%

23.04%

10Y

25.59%

ROE

TTM

13.49%

15.39%

17.00%

10Y

16.71%

ROCE

TTM

18.14%

20.93%

22.83%

10Y

22.27%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SUPREMEIND	3405.85	41,594 Cr	49.06	7.27	1.04	14.82	18.33	11.35
ASTRAL	1462.45	38,346 Cr	75.28	10.16	0.26	13.49	18.14	9.71
FINPIPE	167.50	10,275 Cr	21.40	1.74	2.17	8.12	11.02	7.09
PRINCEPIPE	254.00	2,772 Cr	119.40	1.74	0.20	1.46	2.58	1.04
APOLLOPIPE	294.50	1,376 Cr	53.45	1.67	0.22	3.12	5.04	2.15
POLYSIL	299.70	688 Cr	—	16.27	0.00	-3.24	0.58	-1.72
PPL	248.85	606 Cr	11.42	1.32	0.95	11.60	16.39	9.47

Astral Ltd

Astral Ltd

ASTRAL

AI Mode

Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Forecasts

Unlock Premium Features

Upgrade

Buy

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Unlock Premium Features

Upgrade

Actions

Announcements

Documents

AI Mode

AI Mode

Technicals

Forecasts

Unlock Premium Features

Upgrade

Buy

32

1706.82 ▲ 16.71%

Upgrade

Upgrade

Upgrade

Upgrade

Shareholdings

Shareholding History

Market Transactions

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Projection

Unlock Premium Features

Upgrade

Documents

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Astral Ltd

ASTRAL

AI Mode

Overview

Sector