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Astral Poly Technik

BSE:532830
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532830
BSE
₹146B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Astral Poly Technik Limited, together with its subsidiaries, manufactures and markets pipes, fittings, and adhesive products in India and internationally. The last earnings update was 15 days ago. More info.


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532830 Share Price and Events
7 Day Returns
-1.1%
BSE:532830
-1.3%
IN Building
-0.7%
IN Market
1 Year Returns
7.1%
BSE:532830
-13%
IN Building
-12.1%
IN Market
532830 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Astral Poly Technik (532830) -1.1% -6.8% 3.1% 7.1% 153% 192.4%
IN Building -1.3% -9.5% -11% -13% 14.1% 78.7%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 532830 outperformed the Building industry which returned -13% over the past year.
  • 532830 outperformed the Market in India which returned -12.1% over the past year.
Price Volatility
532830
Industry
5yr Volatility vs Market

532830 Value

 Is Astral Poly Technik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Astral Poly Technik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Astral Poly Technik.

BSE:532830 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532830
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.158 (1 + (1- 35%) (1.89%))
1.115
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.115 * 8.6%)
17.14%

Discounted Cash Flow Calculation for BSE:532830 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Astral Poly Technik is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:532830 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.14%)
2020 2,085.38 Analyst x8 1,780.23
2021 2,922.65 Analyst x11 2,129.90
2022 3,324.10 Analyst x4 2,067.98
2023 3,698.66 Est @ 11.27% 1,964.30
2024 4,074.17 Est @ 10.15% 1,847.11
2025 4,456.00 Est @ 9.37% 1,724.60
2026 4,849.25 Est @ 8.83% 1,602.17
2027 5,258.66 Est @ 8.44% 1,483.20
2028 5,688.55 Est @ 8.17% 1,369.67
2029 6,142.92 Est @ 7.99% 1,262.64
Present value of next 10 years cash flows ₹17,231.80
BSE:532830 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹6,142.92 × (1 + 7.55%) ÷ (17.14% – 7.55%)
₹68,883.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹68,883.57 ÷ (1 + 17.14%)10
₹14,158.65
BSE:532830 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹17,231.80 + ₹14,158.65
₹31,390.45
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹31,390.45 / 120.53
₹260.44
BSE:532830 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹260.44
Current discount Discount to share price of ₹1,209.50
= -1 x (₹1,209.50 - ₹260.44) / ₹260.44
-364.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Astral Poly Technik is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Astral Poly Technik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Astral Poly Technik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532830 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹17.08
BSE:532830 Share Price ** BSE (2019-08-16) in INR ₹1209.5
India Building Industry PE Ratio Median Figure of 33 Publicly-Listed Building Companies 17.43x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Astral Poly Technik.

BSE:532830 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532830 Share Price ÷ EPS (both in INR)

= 1209.5 ÷ 17.08

70.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Poly Technik is overvalued based on earnings compared to the IN Building industry average.
  • Astral Poly Technik is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Astral Poly Technik's expected growth come at a high price?
Raw Data
BSE:532830 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 70.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
25.6%per year
India Building Industry PEG Ratio Median Figure of 10 Publicly-Listed Building Companies 1.08x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

BSE:532830 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 70.81x ÷ 25.6%

2.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Poly Technik is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Astral Poly Technik's assets?
Raw Data
BSE:532830 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹106.64
BSE:532830 Share Price * BSE (2019-08-16) in INR ₹1209.5
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 1.12x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:532830 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532830 Share Price ÷ Book Value per Share (both in INR)

= 1209.5 ÷ 106.64

11.34x

* Primary Listing of Astral Poly Technik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Poly Technik is overvalued based on assets compared to the IN Building industry average.
X
Value checks
We assess Astral Poly Technik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Astral Poly Technik has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532830 Future Performance

 How is Astral Poly Technik expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Astral Poly Technik expected to grow at an attractive rate?
  • Astral Poly Technik's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Astral Poly Technik's earnings growth is expected to exceed the India market average.
  • Astral Poly Technik's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532830 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532830 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 25.6%
BSE:532830 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 17.3%
India Building Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532830 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532830 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 41,868 4,790 4,189 5
2021-03-31 36,107 4,059 3,412 17
2020-03-31 30,166 3,348 2,621 15
BSE:532830 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 26,369 2,055
2019-03-31 25,073 3,420 1,958
2018-12-31 24,447 2,003
2018-09-30 23,233 1,938
2018-06-30 22,113 1,876
2018-03-31 20,729 2,818 1,751
2017-12-31 20,397 1,655
2017-09-30 19,610 1,519
2017-06-30 18,764 1,431
2017-03-31 21,273 1,142 1,447
2016-12-31 18,671 1,229
2016-09-30 18,196 1,115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Astral Poly Technik's earnings are expected to grow significantly at over 20% yearly.
  • Astral Poly Technik's revenue is expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532830 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Astral Poly Technik Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532830 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 34.77 41.20 28.80 5.00
2021-03-31 28.41 36.30 21.44 17.00
2020-03-31 21.77 24.20 18.84 15.00
BSE:532830 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 17.08
2019-03-31 16.27
2018-12-31 16.68
2018-09-30 16.17
2018-06-30 15.67
2018-03-31 14.62
2017-12-31 13.81
2017-09-30 12.68
2017-06-30 11.92
2017-03-31 12.08
2016-12-31 10.26
2016-09-30 9.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Astral Poly Technik is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Astral Poly Technik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Astral Poly Technik has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532830 Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Astral Poly Technik's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Astral Poly Technik has delivered over 20% year on year earnings growth in the past 5 years.
  • Astral Poly Technik's 1-year earnings growth is less than its 5-year average (9.5% vs 25.2%)
  • Astral Poly Technik's earnings growth has exceeded the IN Building industry average in the past year (9.5% vs 0.9%).
Earnings and Revenue History
Astral Poly Technik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Astral Poly Technik Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532830 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 26,368.92 2,055.06 2,483.13
2019-03-31 25,072.92 1,958.06 2,357.13
2018-12-31 24,447.24 2,002.55 2,298.89
2018-09-30 23,233.14 1,938.25 2,172.29
2018-06-30 22,113.04 1,876.15 2,097.69
2018-03-31 20,729.18 1,750.85 1,818.79
2017-12-31 20,397.36 1,654.99 1,623.80
2017-09-30 19,610.46 1,519.09 1,583.20
2017-06-30 18,763.80 1,431.30 921.90
2017-03-31 21,273.01 1,446.79 1,504.11
2016-12-31 18,670.74 1,228.98 1,421.77
2016-09-30 18,196.34 1,115.38 1,376.27
2016-06-30 17,791.24 1,027.48 1,334.27
2016-03-31 16,778.10 1,009.46 1,198.92
2015-12-31 16,574.05 792.44 1,778.43
2015-09-30 16,417.55 746.87 1,722.99
2015-06-30 15,436.60 780.82 1,626.32
2015-03-31 14,299.14 758.94 834.95
2014-03-31 10,796.39 789.15 984.10
2013-03-31 8,251.98 606.11 947.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Astral Poly Technik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Astral Poly Technik used its assets more efficiently than the IN Building industry average last year based on Return on Assets.
  • Astral Poly Technik has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Astral Poly Technik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Astral Poly Technik has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532830 Health

 How is Astral Poly Technik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Astral Poly Technik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Astral Poly Technik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Astral Poly Technik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Astral Poly Technik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Astral Poly Technik Company Filings, last reported 1 month ago.

BSE:532830 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 12,926.97 2,752.58 991.47
2019-03-31 12,926.97 2,732.60 991.47
2018-12-31 11,848.20 2,311.00 479.60
2018-09-30 11,848.20 2,311.00 479.60
2018-06-30 10,317.46 1,890.84 438.24
2018-03-31 10,317.46 1,857.74 438.24
2017-12-31 9,228.10 2,320.80 207.30
2017-09-30 9,228.10 2,320.80 207.30
2017-06-30 8,591.20 1,569.10 196.10
2017-03-31 8,591.12 2,240.40 182.76
2016-12-31 7,785.20 1,951.30 156.20
2016-09-30 7,785.20 1,951.30 156.20
2016-06-30 7,948.17 2,025.75 541.62
2016-03-31 7,215.58 1,913.28 505.83
2015-12-31 6,776.37 1,212.53 53.84
2015-09-30 6,776.37 1,212.53 53.84
2015-06-30 6,353.12 2,026.36 115.21
2015-03-31 6,353.12 1,995.58 115.21
2014-03-31 3,160.41 1,419.54 9.65
2013-03-31 2,417.16 922.92 115.23
  • Astral Poly Technik's level of debt (21.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (39.7% vs 21.1% today).
  • Debt is well covered by operating cash flow (125.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.7x coverage).
X
Financial health checks
We assess Astral Poly Technik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Astral Poly Technik has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532830 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.06%
Current annual income from Astral Poly Technik dividends. Estimated to be 0.51% next year.
If you bought ₹2,000 of Astral Poly Technik shares you are expected to receive ₹1 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Astral Poly Technik's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Astral Poly Technik's dividend is below the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532830 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532830 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 9.47 3.00
2021-03-31 5.74 9.00
2020-03-31 5.18 7.00
BSE:532830 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-07-09 0.700 0.056
2019-05-20 0.700 0.054
2018-11-14 0.650 0.058
2018-05-23 0.600 0.059
2017-11-13 0.550 0.065
2017-08-10 0.500 0.070
2017-05-30 0.500 0.077
2016-11-17 0.450 0.098
2016-03-10 0.400 0.090
2015-11-05 0.375 0.093
2015-07-15 0.375 0.091
2015-05-28 0.375 0.098
2014-10-27 0.350 0.085
2014-08-01 0.325 0.084
2014-05-05 0.325 0.102
2013-11-01 0.275 0.160
2013-07-03 0.250 0.222
2013-05-20 0.250 0.230
2012-11-09 0.225 0.298
2012-05-22 0.225 0.444
2011-05-20 0.250 0.705
2010-05-21 0.200 0.712
2009-10-14 0.200 1.159
2009-03-31 0.100 1.098

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Poly Technik is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • Astral Poly Technik is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Astral Poly Technik's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Astral Poly Technik's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess Astral Poly Technik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Astral Poly Technik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Astral Poly Technik has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532830 Management

 What is the CEO of Astral Poly Technik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sandeep Engineer
COMPENSATION ₹50,500,000
AGE 58
TENURE AS CEO 13.3 years
CEO Bio

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 gaining an experience for around a year, he decided to promote M/s Shree Chemicals, a proprietorship concern, in the year 1986, which was operational for about 10 years. Thereafter, in the year 1992, he promoted Kairav Chemicals Private Limited, a pharmaceutical venture for the manufacture of bulk drugs. Inspired by the success achieved in this venture, Mr. Engineer diversified into the business of plastic-pipe industry by collaborating with Specialty Process LLC, for further growth and development of Astral Poly Technik Limited, for introduction of CPVC in the Indian markets, thereby revolutionizing the Indian plastic-pipe industry by replacing the conventional metallic system with polymer products. He has been an Executive Director of Astral Poly Technik Limited since September 29, 2006. He is the member of Executive Committee of the Indian Plumbing Association and Chairman of the Gujarat Chapter of the association and also a member of the World Plumbing Council. He holds a Chemical Engineering degree from the University of Gujarat.

CEO Compensation
  • Sandeep's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sandeep's remuneration is about average for companies of similar size in India.
Management Team

Sandeep Engineer

TITLE
MD & Executive Director
COMPENSATION
₹51M
AGE
58
TENURE
13.3 yrs

Hiranand Savlani

TITLE
Chief Financial Officer
COMPENSATION
₹55M
AGE
51

Krunal Bhatt

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹2M
TENURE
4.5 yrs

Jagruti Engineer

TITLE
Whole-Time Director
COMPENSATION
₹8M
AGE
54

Siddharth Joshi

TITLE
General Manager of Marketing

Paresh Ambani

TITLE
Senior General Manager of Human Resources
Board of Directors Tenure

Average tenure and age of the Astral Poly Technik board of directors in years:

12.9
Average Tenure
62.5
Average Age
  • The average tenure for the Astral Poly Technik board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

K. Shenoy

TITLE
Chairman
COMPENSATION
₹350K
AGE
76

Sandeep Engineer

TITLE
MD & Executive Director
COMPENSATION
₹51M
AGE
58
TENURE
12.9 yrs

Jagruti Engineer

TITLE
Whole-Time Director
COMPENSATION
₹8M
AGE
54
TENURE
12.9 yrs

Pradip Desai

TITLE
Independent Director
COMPENSATION
₹175K
AGE
67
TENURE
12.9 yrs

Kyle Thompson

TITLE
Non-Executive Director
AGE
58
TENURE
21.7 yrs

Narasinh Balgi

TITLE
Independent Director
COMPENSATION
₹250K
AGE
76
TENURE
4.6 yrs

Anil Jani

TITLE
Non-Executive Director
COMPENSATION
₹250K
AGE
68
TENURE
4.6 yrs

Kaushal Nakrani

TITLE
Additional Independent Director
COMPENSATION
₹25K
AGE
54
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Astral Poly Technik individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
28. Jun 19 Sell Monica Kanuga Individual 24. Jun 19 25. Jun 19 -1,000 ₹1,321.76 ₹-1,321,762
29. May 19 Sell Vijay Parikh Individual 23. May 19 29. May 19 -302,005 ₹1,291.21 ₹-386,072,975
13. Dec 18 Sell T. Vijayan Individual 19. Nov 18 10. Dec 18 -360 ₹1,039.88 ₹-374,054
08. Dec 18 Sell Hiranand Savlani Individual 06. Dec 18 07. Dec 18 -8,340 ₹1,053.23 ₹-8,783,930
29. Nov 18 Sell Rajeev Somani Individual 19. Nov 18 21. Nov 18 -350 ₹1,041.36 ₹-364,475
X
Management checks
We assess Astral Poly Technik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Astral Poly Technik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532830 News

Simply Wall St News

Where Astral Poly Technik Limited (BOM:532830) Stands In Terms Of Earnings Growth Against Its Industry

After reading Astral Poly Technik Limited's (BOM:532830) latest earnings update (31 March 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … 532830's trailing twelve-month earnings (from 31 March 2018) of ₹1.75b has … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 20.44%, indicating the rate at which 532830 is growing has accelerated

Simply Wall St -

May Top Growth Stocks To Invest In

BSE:532830 Future Profit May 31st 18 Titan Company Limited (BSE:500114) Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, precision engineering components, eyewear, and accessories in India and internationally. … 500114’s projected future profit growth is a robust 21.94%, with an underlying 41.35% growth from its revenues expected over the upcoming years. … BSE:522295 Future Profit May 31st 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

532830 Company Info

Description

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.

Details
Name: Astral Poly Technik Limited
532830
Exchange: BSE
Founded: 1996
₹145,780,750,767
120,529,765
Website: http://www.astralpipes.com
Address: Astral Poly Technik Limited
Astral House,
207/1, B/h. Rajpath Club,
Ahmedabad,
Gujarat, 380059,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532830 Equity Shares Mumbai Stock Exchange IN INR 20. Mar 2007
NSEI ASTRAL Equity Shares National Stock Exchange of India IN INR 20. Mar 2007
Number of employees
Current staff
Staff numbers
0
Astral Poly Technik employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:47
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/12
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.