Astral Limited, headquartered in Ahmedabad, India, is a prominent player in the building materials industry. With a diverse product portfolio, the company manufactures and offers a wide range of high-quality products such as adhesives, bathware, CPVC and PVC pipes, along with paints. Their commitment to quality and innovation has made them a leader in these sectors. Under the adept leadership of Managing Director Sandeep Engineer, Astral Limited has achieved substantial financial success, boasting impressive figures in revenue, net income, total assets, and equity.
In this all-encompassing article, we will explore every facet of Astral, a prominent player in the building materials industry with a diverse product portfolio and significant market presence.
About Astral
Astral Limited, formerly known as Astral Poly Technik Ltd, was established in 1996 with the vision of producing high-quality plumbing and drainage systems in India. Over the years, the company has diversified its product range to include adhesives, bathware, CPVC and PVC pipes, and paints. Its commitment to innovation and quality has driven its remarkable growth.
Below are the trading platforms that you can use to purchase Astral shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 2,237.76 | 1,945.88 |
| June 2024 | 2,318.32 | 2,015.93 |
| July 2024 | 2,295.14 | 1,995.77 |
| August 2024 | 2,386.94 | 2,075.60 |
| September 2024 | 2,482.42 | 2,158.63 |
| October 2024 | 2,433.74 | 2,116.30 |
| November 2024 | 2,506.76 | 2,179.79 |
| December 2024 | 2,569.43 | 2,234.28 |
In 2024, Astral’s share price has seen fluctuations, with projected highs and lows across the year. As of May 2024, the current share price is ₹2,072, with a notable high/low range of ₹2,150 to ₹1,540. The stock’s price-to-earnings ratio stands at 98.6, reflecting investor sentiment.
Looking ahead, price targets by year-end range from ₹2,569 (maximum) to ₹1,945 (minimum) per share. With a market cap of ₹55,672 Cr. and a book value of ₹108, Astral’s performance remains dynamic amidst market shifts
| When | Maximum Price | Minimum Price |
| January 2025 | 2,620.81 | 2,016.01 |
| February 2025 | 2,688.01 | 2,067.70 |
| March 2025 | 2,792.85 | 2,148.34 |
| April 2025 | 2,738.09 | 2,106.22 |
| May 2025 | 2,658.34 | 2,044.87 |
| June 2025 | 2,777.96 | 2,136.89 |
| July 2025 | 2,723.49 | 2,094.99 |
| August 2025 | 2,807.72 | 2,159.79 |
| September 2025 | 2,905.99 | 2,235.38 |
| October 2025 | 2,981.55 | 2,293.50 |
| November 2025 | 3,056.09 | 2,350.84 |
| December 2025 | 3,132.49 | 2,409.61 |
In 2025, Astral’s share price is anticipated to see a steady rise, with projected maximum prices reaching up to ₹3,132.49 by December and minimum prices around ₹2,016.01 in January. This forecast suggests a positive trajectory for the company’s stock performance over the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,226.46 | 2,481.90 |
| February 2026 | 3,309.19 | 2,545.53 |
| March 2026 | 3,438.25 | 2,644.81 |
| April 2026 | 3,370.84 | 2,592.95 |
| May 2026 | 3,272.66 | 2,517.43 |
| June 2026 | 3,419.93 | 2,630.71 |
| July 2026 | 3,352.87 | 2,579.13 |
| August 2026 | 3,456.57 | 2,658.90 |
| September 2026 | 3,577.54 | 2,751.96 |
| October 2026 | 3,670.56 | 2,823.51 |
| November 2026 | 3,762.32 | 2,894.10 |
| December 2026 | 3,856.38 | 2,966.45 |
| When | Maximum Price | Minimum Price |
| January 2027 | 3,933.51 | 3,025.78 |
| February 2027 | 4,034.37 | 3,103.36 |
| March 2027 | 4,191.71 | 3,224.39 |
| April 2027 | 4,109.52 | 3,161.17 |
| May 2027 | 3,989.83 | 3,069.10 |
| June 2027 | 4,169.37 | 3,207.21 |
| July 2027 | 4,087.62 | 3,144.32 |
| August 2027 | 4,214.04 | 3,241.57 |
| September 2027 | 4,361.53 | 3,355.02 |
| October 2027 | 4,474.93 | 3,442.25 |
| November 2027 | 4,586.80 | 3,528.31 |
| December 2027 | 4,701.47 | 3,616.52 |
| When | Maximum Price | Minimum Price |
| January 2028 | 4,795.50 | 3,688.85 |
| February 2028 | 4,918.46 | 3,783.43 |
| March 2028 | 5,110.28 | 3,930.99 |
| April 2028 | 5,010.08 | 3,853.91 |
| May 2028 | 4,864.16 | 3,741.66 |
| June 2028 | 5,083.04 | 3,910.03 |
| July 2028 | 4,983.37 | 3,833.37 |
| August 2028 | 5,137.50 | 3,951.92 |
| September 2028 | 5,317.31 | 4,090.24 |
| October 2028 | 5,455.56 | 4,196.59 |
| November 2028 | 5,591.95 | 4,301.50 |
| December 2028 | 5,731.75 | 4,409.04 |
| When | Maximum Price | Minimum Price |
| January 2029 | 5,846.38 | 4,497.22 |
| February 2029 | 5,996.29 | 4,612.53 |
| March 2029 | 6,230.15 | 4,792.42 |
| April 2029 | 6,107.99 | 4,698.45 |
| May 2029 | 5,930.09 | 4,561.60 |
| June 2029 | 6,196.94 | 4,766.88 |
| July 2029 | 6,075.43 | 4,673.41 |
| August 2029 | 6,263.33 | 4,817.95 |
| September 2029 | 6,482.55 | 4,986.57 |
| October 2029 | 6,651.09 | 5,116.23 |
| November 2029 | 6,817.37 | 5,244.13 |
| December 2029 | 6,987.80 | 5,375.23 |
| When | Maximum Price | Minimum Price |
| January 2030 | 7,127.56 | 5,482.74 |
| February 2030 | 7,310.32 | 5,623.32 |
| March 2030 | 7,595.42 | 5,842.63 |
| April 2030 | 7,446.49 | 5,728.07 |
| May 2030 | 7,229.60 | 5,561.23 |
| June 2030 | 7,554.94 | 5,811.49 |
| July 2030 | 7,406.80 | 5,697.54 |
| August 2030 | 7,635.88 | 5,873.75 |
| September 2030 | 7,903.13 | 6,079.33 |
| October 2030 | 8,108.61 | 6,237.39 |
| November 2030 | 8,311.33 | 6,393.33 |
| December 2030 | 8,519.11 | 6,553.16 |
Astral Financial Condition: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 2,507 | 2,578 | 3,176 | 4,394 | 5,158 |
| Expenses (Rs. Crores) | 2,126 | 2,136 | 2,539 | 3,640 | 4,349 |
| Operating Profit (Rs. Crores) | 382 | 442 | 638 | 754 | 810 |
| OPM % | 15% | 17% | 20% | 17% | 16% |
| Other Income (Rs. Crores) | 15 | 11 | 25 | 35 | 37 |
| Interest (Rs. Crores) | 32 | 39 | 13 | 13 | 40 |
| Depreciation (Rs. Crores) | 81 | 108 | 116 | 127 | 178 |
| Profit before Tax (Rs. Crores) | 283 | 306 | 533 | 648 | 628 |
| Tax % | 30% | 18% | 23% | 24% | 25% |
| Net Profit (Rs. Crores) | 197 | 250 | 408 | 490 | 472 |
| EPS (in Rs.) | 7.36 | 9.25 | 15.10 | 18.06 | 17.00 |
| Dividend Payout % | 4% | 6% | 10% | 12% | 21% |
Astral’s financial condition over the past five years showcases a consistent pattern of growth and resilience. From 2019 to 2023, the company’s sales figures have steadily risen, with a substantial increase from ₹2,507 Crores in 2019 to ₹5,158 Crores in 2023. This growth in revenue can be attributed to effective management and market presence. The operating profit margin (OPM) remained relatively stable, varying from 15% to 20% over this period.
The company’s commitment to innovation and growth is evident in its higher depreciation costs, attributed to investments in assets that enhance its operations. Despite these costs, the company’s profit before tax grew impressively, surging from ₹283 Crores in 2019 to ₹628 Crores in 2023.
The tax percentage remained moderate, and the net profit, after taxes, showed a substantial increase from ₹197 Crores in 2019 to ₹472 Crores in 2023. This growth is also reflected in the earnings per share (EPS), which went from ₹7.36 to ₹17.00 during this period.
While the company maintained a conservative dividend payout policy at the beginning of this five-year period, it later increased the payout, indicating its confidence in sustaining and sharing the profitability with its shareholders. Astral’s financial performance over these years underscores its sound financial management and resilience, making it a promising investment choice in the market.
FAQs
What was Astral’s total revenue in the fiscal year 2023?
Astral’s total revenue for the fiscal year 2023 was ₹5,158 Crores.
How has Astral’s operating profit margin evolved over the past five years?
Astral’s OPM % has remained relatively stable, ranging from 15% to 20% over the past five years.
Can Astral achieve a valuation of ₹5,000 by 2030 based on its current trajectory?
It’s possible for Astral to reach ₹5,000 by 2030 given its historical growth and strong financials, but stock prices are influenced by various factors, so potential investors should consider market dynamics and conduct thorough research before making investment decisions.
Astral share price target for 2025 suggest the share could be trading in between ₹2,016.01 and ₹3,132.49.
Astral has the highest projected maximum share price in October 2030, reaching ₹8,519.11.
Is Astral Limited debt-free?
Astral Limited is nearly debt-free, which contributes to its financial stability.
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Conclusion: Is It Advisable to Invest in Astral In 2024?
Astral displays strong financial stability, underscored by an impressive price-to-earnings (P/E) ratio. The company’s consistent revenue growth and its extensive product range covering adhesives, bathware, CPVC and PVC pipes, and paints highlight its substantial market presence. Astral’s financial solidity is further reinforced by its nearly debt-free status, showcasing a strong financial foundation.
In addition, Astral Limited’s profit and loss statement over the years reflects its financial prowess. The company’s revenue has steadily grown, demonstrating effective management and market strength. With a favorable P/E ratio indicating growth potential, Astral emerges as an enticing investment opportunity.
The company’s sound financial condition, consistent growth trajectory, favorable P/E ratio, and impressive profit and loss performance make it a compelling choice. However, as with any investment decision, a comprehensive assessment of market conditions, alignment with investment objectives, and thorough risk evaluation are essential. Seeking guidance from a financial advisor or conducting a detailed financial analysis is recommended to make an informed investment choice, given the inherent risks associated with investing.
What did we learn?
- 1 About Astral
- 2 How To Purchase Astral Shares?
- 3 Astral Share Price Target: 2024 To 2030
- 4 Astral Financial Condition: Last 5 years
- 5 FAQs
- 5.1 What was Astral’s total revenue in the fiscal year 2023?
- 5.2 How has Astral’s operating profit margin evolved over the past five years?
- 5.3 Can Astral achieve a valuation of ₹5,000 by 2030 based on its current trajectory?
- 5.4 What is the Astral share price target for 2025?
- 5.5 When does Astral have the highest projected maximum share price in 2030?
- 5.6 Is Astral Limited debt-free?
- 6 Also Read:
- 7 Conclusion: Is It Advisable to Invest in Astral In 2024?
