NSEI:ASTRAL

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.


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


Market Performance


7 Day Return

2.1%

NSEI:ASTRAL

-4.1%

IN Building

-2.3%

IN Market


1 Year Return

9.9%

NSEI:ASTRAL

-18.7%

IN Building

-14.6%

IN Market

ASTRAL outperformed the Building industry which returned -18.7% over the past year.

ASTRAL outperformed the Market in India which returned -14.6% over the past year.


Share holder returns

ASTRALIndustryMarket
7 Day2.1%-4.1%-2.3%
30 Day2.6%-5.6%-4.0%
90 Day0.2%-18.9%-10.1%
1 Year10.0%9.9%-18.2%-18.7%-12.9%-14.6%
3 Year158.4%157.8%11.2%9.0%17.9%11.8%
5 Yearn/a76.7%70.4%35.9%23.2%

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 based on future cash flows and its price relative to the stock market?

72.4x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Astral Poly Technik's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Astral Poly Technik's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Astral Poly Technik is poor value based on expected growth next year.


Price Based on Value of Assets

Astral Poly Technik is overvalued based on assets compared to the IN Building industry average.


Next Steps

  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

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

25.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Astral Poly Technik's revenue is expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).

Astral Poly Technik's earnings are expected to grow significantly at over 20% yearly.

Astral Poly Technik's revenue growth is expected to exceed the India market average.

Astral Poly Technik's earnings growth is expected to exceed the India market average.

Astral Poly Technik's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Astral Poly Technik is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

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

25.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 -2.3%).


Return on Equity

Astral Poly Technik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Astral Poly Technik used its assets more efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Astral Poly Technik has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Astral Poly Technik's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.2x debt.


Next Steps

Dividend

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

0.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Astral Poly Technik's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.65%).

Astral Poly Technik's dividend is below the markets top 25% of dividend payers in India (2.64%).

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

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).


Next Steps

Management

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

12.9yrs

Average board tenure


CEO

Sandeep Engineer (58yo)

13.3yrs

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

Sandeep's remuneration is about average for companies of similar size in India.

Sandeep's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

12.9yrs

Average Tenure

62.5yo

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.


Insider Trading

Astral Poly Technik individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹1,321,76228 Jun 19
Monica Kanuga
EntityIndividual
Shares1,000
Max Price₹1,321.76
Sell₹386,072,97529 May 19
Vijay Parikh
EntityIndividual
Shares302,005
Max Price₹1,291.21
Sell₹374,05413 Dec 18
T. Vijayan
EntityIndividual
Shares360
Max Price₹1,039.88
Sell₹8,783,93008 Dec 18
Hiranand Savlani
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares8,340
Max Price₹1,053.23
Sell₹364,47529 Nov 18
Rajeev Somani
EntityIndividual
Shares350
Max Price₹1,041.36

Ownership Breakdown


Management Team

  • Hiranand Savlani (51yo)

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹54.55m
  • Jagruti Engineer (54yo)

    Whole-Time Director

    • Tenure: 12.9yrs
    • Compensation: ₹7.75m
  • Sandeep Engineer (58yo)

    MD & Executive Director

    • Tenure: 13.3yrs
    • Compensation: ₹50.50m
  • Paresh Ambani

    Senior General Manager of Human Resources

    • Tenure: 0.0yrs
  • Siddharth Joshi

    General Manager of Marketing

    • Tenure: 0.0yrs
  • Krunal Bhatt

    Company Secretary & Compliance Officer

    • Tenure: 4.5yrs
    • Compensation: ₹2.06m

Board Members

  • Kyle Thompson (58yo)

    Non-Executive Director

    • Tenure: 21.7yrs
  • K. Shenoy (76yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: ₹350.00k
  • Jagruti Engineer (54yo)

    Whole-Time Director

    • Tenure: 12.9yrs
    • Compensation: ₹7.75m
  • Pradip Desai (67yo)

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: ₹175.00k
  • Sandeep Engineer (58yo)

    MD & Executive Director

    • Tenure: 13.3yrs
    • Compensation: ₹50.50m
  • Narasinh Balgi (76yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹250.00k
  • Anil Jani (68yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: ₹250.00k
  • Kaushal Nakrani (54yo)

    Additional Independent Director

    • Tenure: 0.4yrs
    • Compensation: ₹25.00k

Company Information

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


Key Information

  • Name: Astral Poly Technik Limited
  • Ticker: ASTRAL
  • Exchange: NSEI
  • Founded: 1996
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹149.053b
  • Shares outstanding: 120.53m
  • 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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:57
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.