Astral (BSE:532830) - Share price, News & Analysis

532830 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

532830 Stock Overview

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

Rewards

Earnings are forecast to grow 19.5% per year

Earnings grew by 84.4% over the past year

Risk Analysis

No risks detected for 532830 from our risk checks.

Astral Competitors

Prince Pipes and Fittings

BSE:542907

₹72.2b

Apollo Pipes

BSE:531761

₹20.9b

Pidilite Industries

BSE:500331

₹1.1t

Supreme Industries

NSEI:SUPREMEIND

₹241.3b

Price History & Performance

Summary of all time highs, changes and price drops for Astral
Historical stock prices
Current Share Price	₹1,746.35
52 Week High	₹2,525.00
52 Week Low	₹1,690.00
Beta	0.46
1 Month Change	-16.77%
3 Month Change	-6.99%
1 Year Change	-3.72%
3 Year Change	143.42%
5 Year Change	438.35%
Change since IPO	27,739.15%

Shareholder Returns

	532830	IN Building	IN Market
7D	-4.7%	-2.9%	0.7%
1Y	-3.7%	7.7%	10.6%

Return vs Industry: 532830 underperformed the Indian Building industry which returned 7.7% over the past year.

Return vs Market: 532830 underperformed the Indian Market which returned 10.6% over the past year.

Price Volatility

Is 532830's price volatile compared to industry and market?
532830 volatility
532830 Average Weekly Movement	5.4%
Building Industry Average Movement	7.7%
Market Average Movement	7.2%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: 532830 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532830's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	4,800	Sandeep Engineer	https://www.astralpipes.com

Astral Limited, together with its subsidiaries, manufactures and markets pipes, fittings, and adhesive products in India and internationally. The company operates through four segments: Pipes, Infrastructure Products, Adhesives, and Tanks. It offers chlorinated poly vinyl chloride (CPVC) and PVC plumbing systems under the Astral CPVC Pro, Astral Pex-a PRO, Astral MultiPro, Astral EcoPro uPVC, and Astral Aquarius uPVC names for residential and industrial applications.

Astral Fundamentals Summary

How do Astral's earnings and revenue compare to its market cap?
532830 fundamental statistics
Market Cap	₹352.09b
Earnings (TTM)	₹5.17b
Revenue (TTM)	₹40.81b

67.9x

P/E Ratio

8.6x

P/S Ratio

Is 532830 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
532830 income statement (TTM)
Revenue	₹40.81b
Cost of Revenue	₹26.23b
Gross Profit	₹14.58b
Other Expenses	₹9.41b
Earnings	₹5.17b

Last Reported Earnings

Dec 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	25.73
Gross Margin	35.74%
Net Profit Margin	12.67%
Debt/Equity Ratio	4.4%

How did 532830 perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

9%

Payout Ratio

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

67.87x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 532830 (₹1746.35) is trading above our estimate of fair value (₹582.33)

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 (67.9x) compared to the Indian Building industry average (24.9x).

PE vs Market: 532830 is poor value based on its PE Ratio (67.9x) compared to the Indian market (20.6x).

Price to Earnings Growth Ratio

PEG Ratio: 532830 is poor value based on its PEG Ratio (3.5x)

Price to Book Ratio

PB vs Industry: 532830 is overvalued based on its PB Ratio (16.8x) compared to the IN Building industry average (2.4x).

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

19.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532830's forecast earnings growth (19.5% per year) is above the savings rate (6.7%).

Earnings vs Market: 532830's earnings (19.5% per year) are forecast to grow faster than the Indian market (18.6% per year).

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

Revenue vs Market: 532830's revenue (15.3% per year) is forecast to grow faster than the Indian market (11.9% per year).

High Growth Revenue: 532830's revenue (15.3% 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 high in 3 years time (24.3%)

Past Performance

How has Astral performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

26.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532830 has high quality earnings.

Growing Profit Margin: 532830's current net profit margins (12.7%) are higher than last year (10.5%).

Past Earnings Growth Analysis

Earnings Trend: 532830's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: 532830's earnings growth over the past year (84.4%) exceeds its 5-year average (26.9% per year).

Earnings vs Industry: 532830 earnings growth over the past year (84.4%) exceeded the Building industry 49.9%.

Return on Equity

High ROE: 532830's Return on Equity (24.7%) is considered high.

Financial Health

How is Astral's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532830's short term assets (₹14.6B) exceed its short term liabilities (₹8.0B).

Long Term Liabilities: 532830's short term assets (₹14.6B) exceed its long term liabilities (₹753.0M).

Debt to Equity History and Analysis

Debt Level: 532830 has more cash than its total debt.

Reducing Debt: 532830's debt to equity ratio has reduced from 24.4% to 4.4% over the past 5 years.

Debt Coverage: 532830's debt is well covered by operating cash flow (652.1%).

Interest Coverage: 532830's interest payments on its debt are well covered by EBIT (446.6x coverage).

Balance Sheet

Dividend

What is Astral current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 532830's dividend (0.14%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 532830's dividend (0.14%) is low compared to the top 25% of dividend payers in the Indian market (1.58%).

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.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

4.0yrs

Average management tenure

CEO

Sandeep Engineer (60 yo)

16.08yrs

Tenure

₹84,950,000

Compensation

Mr. Sandeep Pravinbhai Engineer has been the Managing Director of Astral Poly Technik Limited since April 1, 2006. Mr. Engineer serves as Chairman of the Board at Astral Poly Technik Limited since August 2...

CEO Compensation Analysis

Compensation vs Market: Sandeep's total compensation ($USD1.10M) is above average for companies of similar size in the Indian market ($USD590.92K).

Compensation vs Earnings: Sandeep's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 532830's management team is considered experienced (4 years average tenure).

Board Members

Experienced Board: 532830's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/30
Annual Earnings	2021/03/31