BSE:532830

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Executive Summary

Astral Poly Technik Limited, together with its subsidiaries, manufactures and markets pipes, fittings, and adhesive products in India and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Astral Poly Technik's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532830's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.0%

532830

10.0%

IN Building

6.4%

IN Market


1 Year Return

-14.1%

532830

-30.7%

IN Building

-14.8%

IN Market

Return vs Industry: 532830 exceeded the Indian Building industry which returned -30.7% over the past year.

Return vs Market: 532830 matched the Indian Market which returned -14.8% over the past year.


Shareholder returns

532830IndustryMarket
7 Day4.0%10.0%6.4%
30 Day-1.0%5.8%9.5%
90 Day-18.6%-22.4%-7.4%
1 Year-14.0%-14.1%-28.0%-30.7%-13.1%-14.8%
3 Year79.9%79.4%-20.2%-25.1%-3.7%-8.8%
5 Year204.0%202.5%55.5%39.8%23.7%12.1%

Price Volatility Vs. Market

How volatile is Astral Poly Technik's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Astral Poly Technik undervalued compared to its fair value and its price relative to the market?

55.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532830 (₹914.65) is trading above our estimate of fair value (₹167.11)

Significantly Below Fair Value: 532830 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532830 is poor value based on its PE Ratio (55.6x) compared to the Building industry average (9.5x).

PE vs Market: 532830 is poor value based on its PE Ratio (55.6x) compared to the Indian market (10.6x).


Price to Earnings Growth Ratio

PEG Ratio: 532830 is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: 532830 is overvalued based on its PB Ratio (9.2x) compared to the IN Building industry average (0.7x).


Next Steps

Future Growth

How is Astral Poly Technik forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532830's forecast earnings growth (10.4% per year) is above the savings rate (7.2%).

Earnings vs Market: 532830's earnings (10.4% per year) are forecast to grow slower than the Indian market (18.4% per year).

High Growth Earnings: 532830's earnings are forecast to grow, but not significantly.

Revenue vs Market: 532830's revenue (7.6% per year) is forecast to grow faster than the Indian market (7.1% per year).

High Growth Revenue: 532830's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532830's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Astral Poly Technik performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532830 has high quality earnings.

Growing Profit Margin: 532830's current net profit margins (9.6%) are higher than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: 532830's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: 532830's earnings growth over the past year (26.5%) exceeds its 5-year average (24.2% per year).

Earnings vs Industry: 532830 earnings growth over the past year (26.5%) exceeded the Building industry 1.2%.


Return on Equity

High ROE: 532830's Return on Equity (16.4%) is considered low.


Next Steps

Financial Health

How is Astral Poly Technik's financial position?


Financial Position Analysis

Short Term Liabilities: 532830's short term assets (₹9.6B) exceed its short term liabilities (₹6.1B).

Long Term Liabilities: 532830's short term assets (₹9.6B) exceed its long term liabilities (₹1.5B).


Debt to Equity History and Analysis

Debt Level: 532830's debt to equity ratio (8.4%) is considered satisfactory.

Reducing Debt: 532830's debt to equity ratio has reduced from 31.4% to 8.4% over the past 5 years.

Debt Coverage: 532830's debt is well covered by operating cash flow (319.2%).

Interest Coverage: 532830's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Astral Poly Technik's current dividend yield, its reliability and sustainability?

0.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532830's dividend (0.11%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.79%).

High Dividend: 532830's dividend (0.11%) is low compared to the top 25% of dividend payers in the Indian market (3.23%).


Stability and Growth of Payments

Stable Dividend: 532830 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 532830 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 532830 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532830's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.6yrs

Average board tenure


CEO

Sandeep Engineer (58yo)

14.17yrs

Tenure

₹50,500,000

Compensation

Mr. Sandeep Pravinbhai Engineer has been the Managing Director of Astral Poly Technik Limited since April 1, 2006. Mr. Engineer started his career as Project Engineer in Cadila Laboratories Limited. After  ...


CEO Compensation Analysis

Compensation vs Market: Sandeep's total compensation ($USD668.31K) is about average for companies of similar size in the Indian market ($USD665.45K).

Compensation vs Earnings: Sandeep's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Sandeep Engineer
MD & Executive Director14.17yrs₹50.50m31.4% 43.3b
Jagruti Engineer
Whole-Time Director13.75yrs₹7.75m7.59% 10.5b
Kyle Thompson
Non-Executive Director22.5yrsno datano data
K. Shenoy
Independent Chairmanno data₹350.00kno data
Pradip Desai
Independent Director13.75yrs₹175.00k0.25% 343.0m
C. Gopal
Additional Independent Director0.33yrno datano data
Anil Jani
Non-Executive Director5.42yrs₹250.00k0.00093% 1.3m
Kaushal Nakrani
Additional Independent Director1.25yrs₹25.00kno data
Viral Jhaveri
Additional Independent Director0.67yrno datano data

9.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 532830's board of directors are considered experienced (9.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Astral Poly Technik Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astral Poly Technik Limited
  • Ticker: 532830
  • Exchange: BSE
  • Founded: 1996
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹137.803b
  • Shares outstanding: 150.66m
  • Website: https://www.astralpipes.com

Location

  • Astral Poly Technik Limited
  • Astral House
  • 207/1, B/h. Rajpath Club
  • Ahmedabad
  • Gujarat
  • 380059
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532830BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2007
ASTRALNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2007

Biography

Astral Poly Technik Limited, together with its subsidiaries, manufactures and markets pipes, fittings, and adhesive products in India and internationally. The company operates through Plastic Products and Adhesives segments. It offers chlorinated poly vinyl chloride (CPVC) and PVC plumbing systems for residential and industrial applications. The company offers pipes and fittings under the Astral CPVC Pro, Astral Pex-a PRO, and Astral Aquarius names; and surface drainage systems. It also provides ASTRAL SILENCIO low noise system; Astral DrainMaster, a drainage system for soil, waste, and rain water; ASTRAL Foamcore pipes for underground drainage systems; ASTRAL manhole chambers; ASTRAL underground drainage systems; D-Rex double walled corrugated pipes; and RexTP compact sewage treatment plant. In addition, the company offers ASTRAL Chem PRO industrial piping systems for industrial applications; and Aquarius Plus lead-free ASTM PVC solvent weld industrial piping systems. Further, it provides Pre-StiRex and Plus + StiRex ducts for post-tensioning of bridges; Bore-Well column pipes, Case-Well uPVC casing pipes, Aquasafe pressure pipes, AquaRex drain belts, and GeoRex single wall corrugated perforated pipes; and Astral Fire Pro, a CPVC piping system for automatic fire sprinklers. Additionally, the company offers ASTRAL XLPE Insu PRO insulation tubes; Astral Wire Guard conduit pipes for protection of wires and cables; and TeleRex pipes for underground cable ducting. Astral Poly Technik Limited was founded in 1996 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 13:12
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.