ASTRAL LIMITED

ASTRAL LIMITED

ASTRALNSE / BSEIndustrialsMid Cap

₹1,337.50-₹25.40 (-1.9%)

Last close · Data as of Oct 30, 2026

Market cap
₹38,636 Cr
P/E
68.7x
EV / EBITDA
42.0x
Revenue
₹5,296 Cr
Net margin
10.8%
ROCE
27.7%

-8.6% over the last year

ASTRAL LIMITED price, 1Y

Daily closes.

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Performance

Price change over each period, before dividends.

1M
-2.9%
3M
-9.2%
6M
-12.6%
1Y
-8.6%
5Y
-21.0%

52-week range

Day change -₹25.40 (-1.9%) from ₹1,363 to ₹1,338 · Last close Oct 30, 2026

Best weekday to invest, historically

The same weekly amount in ASTRAL, bought on each weekday since 2021.

AI Summary

Indian Stock

Strengths1

  • Strong 5-year revenue CAGR of 20.1%

Concerns0

    Rule-based from financial data. Not advice.

    About the company

    Astral Limited engages in the manufacture and marketing of pipes and fittings, water tanks, and adhesives and sealants in India and internationally. It operates in two segments, Plumbing, and Paints and Adhesives.

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    Astral Limited engages in the manufacture and marketing of pipes and fittings, water tanks, and adhesives and sealants in India and internationally. It operates in two segments, Plumbing, and Paints and Adhesives. It offers plumbing pipes and fittings, sewerage and drainage pipes and fittings, agriculture pipes and fittings, cable protection system, industrial piping system, fire protection system, urban infrastructure, ancillary products, and column pipe; and roto moulding, blow moulded, loft, and anti-viral copper shield water tanks. It also provides bath-ware products comprising faucets, sanitarywares, cisterns, and showers; paints, such as interior and exterior emulsions, distempers, enamels, and primer and wall putty undercoats; adhesives and sealants, including epoxy, PVA, rubber, anaerobic tapes, silicone, acrylic, hybrid, instant, solvent, specialised, industrial adhesives, and epoxy putty; specialized valves, such as compact true, single union, and industrial ball valves; construction chemicals comprising bathroom and basement waterproofing, tile adhesives and grouts, exterior roof and wall coatings, polymers and integral compounds, and repair products; and infrastructure products comprising drainage, cable protection, and PT duct systems; and specialised fittings, such as electrofusion, compression, PPR fittings, integrated and mechanica clamp, integrated composite strap-on saddles, PVC conduit for concealed wiring system, and investment castings. The company was formerly known as Astral Poly Technik Limited and changed its name to Astral Limited in April 2021. Astral Limited was incorporated in 1996 and is headquartered in Ahmedabad, India.

    Sector
    Industrials
    Shares outstanding
    26.9 Cr shares
    ISIN
    INE006I01046
    BSE code
    532830

    Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.

    Valuation

    Market cap
    ₹38,636 Cr
    P/E
    68.7x
    P/B
    10.2x
    EV / EBITDA
    42.0x
    EV / Sales
    7.5x
    P/S
    7.6x
    Earnings yield
    1.5%
    52-week high
    ₹1,746.25
    52-week low
    ₹1,318.25

    Profitability

    Operating margin
    17.2%
    Net margin
    10.8%
    EBITDA margin
    17.9%
    ROE
    17.6%
    ROCE
    27.7%
    ROA
    13.1%
    Dividend payout
    18.0%
    Tax rate
    25.0%
    Other income, % of PBT
    4.5%

    Growth

    Revenue
    ₹5,296 Cr
    Revenue growth, 1Y
    3.8%
    Revenue CAGR, 5Y
    20.1%
    EBITDA
    ₹912 Cr
    EBITDA growth, 1Y
    18.1%
    Net profit growth, 1Y
    2.9%
    Net profit CAGR, 5Y
    22.3%
    Cash from operations
    ₹788 Cr
    CFO growth, 1Y
    62.1%
    Free cash flow
    ₹14.0 Cr
    Asset growth, 1Y
    17.4%

    Solvency and efficiency

    Current ratio
    2.10
    Debt / Equity
    0.02
    Debt / Assets
    0.01
    Debt / EBITDA
    0.05
    Interest coverage
    41.86
    Financial leverage
    1.35
    CFO / Net profit
    1.43
    Cash / Market cap
    4.7%
    Cash per share
    ₹66.96
    Asset turnover
    1.21
    Fixed asset turnover
    2.69
    Capital intensity
    0.37
    Debtor days
    19 days
    Inventory turnover
    3.76
    Cash conversion cycle
    18 days

    Where the revenue went

    Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.

    ASTRAL LIMITED income statement flow, FY2025
    ASTRAL LIMITED income statement flow, FY2025: flows
    FromToAmount
    SalesExpenses₹4,359 Cr
    SalesOperating profit₹937 Cr
    Operating profitInterest₹31 Cr
    Operating profitDepreciation₹192 Cr
    Operating profitProfit before tax₹714 Cr
    Other incomeProfit before tax₹44 Cr
    Profit before taxTax and other₹193 Cr
    Profit before taxNet profit₹566 Cr

    Revenue and net profit

    Revenue grew 3.8% in FY2025; net profit is the dashed line.

    ASTRAL LIMITED revenue and net profit by fiscal year
    ASTRAL LIMITED revenue and net profit by fiscal year
    DateRevenueNet profit
    FY2021₹2,486 Cr₹327 Cr
    FY2022₹4,061 Cr₹462 Cr
    FY2023₹4,612 Cr₹448 Cr
    FY2024₹5,103 Cr₹550 Cr
    FY2025₹5,296 Cr₹566 Cr

    Cash flows

    FY2025: ₹620 Cr from operations, ₹109 Cr free after investment (dashed).

    ASTRAL LIMITED operating and free cash flow by fiscal year
    ASTRAL LIMITED operating and free cash flow by fiscal year
    DateOperating cash flowFree cash flow
    FY2021₹515 Cr₹165 Cr
    FY2022₹537 Cr₹624 Cr
    FY2023₹486 Cr-₹112 Cr
    FY2024₹788 Cr₹271 Cr
    FY2025₹620 Cr₹109 Cr

    Growth

    Latest fiscal year FY2025 (ending March): each figure with its change over the year before.

    Revenue
    ₹5,296 Cr+3.8%1Y
    Net profit
    ₹566 Cr+2.9%1Y
    Cash from operations
    ₹620 Cr
    Free cash flow
    ₹109 Cr-59.8%1Y
    Revenue CAGR, 5Y
    20.1%
    EBITDA CAGR, 5Y
    19.3%
    Net profit CAGR, 5Y
    22.3%
    YearRevenueOperating incomeEBITDANet profitCFOFCFROERevenue growth 1YNet profit growth 1Y
    FY2025₹5,296 Cr₹937 Cr—₹566 Cr₹620 Cr₹109 Cr15.7%+3.8%+2.9%

    Monthly returns

    Month-by-month returns of ASTRAL across the years, with the seasonal pattern.

    Balance sheet

    What the company owns and owes at the end of FY2025.

    LineFY2025
    Liabilities and equity₹4,754 Cr
    Equity capital₹27 Cr
    Reserves₹3,569 Cr
    Borrowings₹113 Cr
    Other liabilities₹1,045 Cr
    Assets₹4,754 Cr
    Fixed assets₹2,265 Cr
    Capital work in progress₹96 Cr
    Investments₹371 Cr
    Other assets₹2,022 Cr

    Market cap against peers

    8 peers: same sector group, nearest by size.

    1. ASTRAL LIMITED (this company)₹38,636 Cr
    2. Thermax Ltd.₹35,324 Cr

    P/E against peers

    ASTRAL trades at 68.7x earnings against a peer median of 38.3x (a 80% premium).

    Peer comparison

    Same-sector peers by market cap, with the median.

    CompanyMarket capP/EP/BROEEV/EBITDA
    ASTRAL LIMITEDASTRALthis companyP/E ↑ premium₹38,636 Cr68.7x10.2x17.6%42.0x
    Supreme Industries Ltd.SUPREMEIND₹44,014 Cr54.2x8.7x——
    Escorts Kubota LimitedESCORTS₹41,649 Cr34.4x3.5x11.5%24.8x
    KEI Industries Ltd.KEI₹41,222 Cr52.1x6.7x18.5%45.8x
    Cochin Shipyard LimitedCOCHINSHIP₹40,692 Cr53.7x7.1x16.2%33.1x
    Container Corporation Of India Ltd.CONCOR₹39,406 Cr30.8x3.1x10.4%17.0x
    AIA Engineering Ltd.AIAENG₹36,683 Cr34.3x5.2x17.5%22.9x
    Thermax Ltd.THERMAX₹35,324 Cr60.8x8.7x12.4%51.7x
    Apar Industries LtdAPARINDS₹30,778 Cr33.0x6.6x22.3%18.4x
    Peer median—38.3x5.2x15.2%25.8x

    Year-to-date ROI

    ASTRAL since 1 January, against earlier years.

    Historical volatility

    ASTRAL's day-to-day swings over 30, 60 and 180 days.

    Financial statements

    Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.

    Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.

    Operating margin by fiscal year

    ASTRAL LIMITED operating margin by fiscal year
    ASTRAL LIMITED operating margin by fiscal year
    DateOperating margin
    FY202122.0%
    FY202217.0%
    FY202316.0%
    FY202417.0%
    FY202518.0%
    LineFY2025
    RevenueSales₹5,296 Cr
    Costs
    Interest₹31 Cr
    Expenses₹4,359 Cr
    Profit before tax₹759 Cr

    Learn while you research

    Academy chapters picked for ASTRAL LIMITED and the metrics on this page.

    1. 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
    2. 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
    3. 03 Valuation Multiples ExplainedThis stock trades at a P/E of 68.7, learn when high multiples are justified.6 min read
    4. 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
    5. 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
    6. 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read
    Browse the full Equiscale Academy →