Astral Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

 

INTRODUCTION

 

Astral Ltd is a prominent company in India that specializes in the manufacturing and marketing of pipes, fittings, and adhesive products. Operating through four main segments—Pipes, Infrastructure Products, Adhesives, and Tanks—the company offers a wide range of solutions designed for both residential and industrial applications. Its product lineup includes advanced plumbing systems, such as CPVC and PVC, as well as innovative drainage and fire safety solutions. Originally founded as Astral Poly Technik Limited in 1996, the company underwent a rebranding to Astral Ltd in April 2021. Situated in Ahmedabad, India, Astral Ltd is committed to providing high-quality products and services tailored to the specific demands of its customers. The company emphasizes innovation and excellence in its offerings, reinforcing its commitment to customer satisfaction. This article explores the company's history, recent updates, key milestones, subsidiaries, and current Astral share price.

 

Astral Ltd moves in 2024:

 

• Revenue: Astral Ltd achieved a year-over-year revenue growth of 7.74% in the first quarter of the 2024-2025 fiscal year, totaling Rs. 1,395.50 crore. However, on a quarterly basis, the company experienced a decline of 14.66% in revenue compared to the previous three months.

 

• Net Profits: The net profit for Astral Ltd rose by 0.5% from the same period last year, totaling Rs. 120.40 crore in Q1 2024-2025. Conversely, there was a significant quarterly drop of 33.7% in net profits compared to the preceding three-month period.

 

• Net Profit Margins: The net profit margin for Astral Ltd decreased by 6.72% year-over-year, standing at 8.63% in Q1 2024-2025. Additionally, there was a quarterly decline of 22.31% in net profit margins over the last three months.

As investors monitor the Astral share price, these financial metrics provide insights into the company’s performance and future outlook.

 

Evolution of the Astral Limited: From Past to Present:

 

Past:

Founded in 1996 by Sandeep Engineer, Astral Poly Technik Limited initially made its mark in the Indian market by introducing industrial CPVC pipes, having licensed the CPVC resin procurement technology from Lubrizol. Within three years, the company pivoted to focus on the plumbing sector, where its CPVC pipes gained significant popularity, surpassing traditional galvanized iron (GI) pipes. In 2004, Astral expanded its product line to include lead-free polyvinyl chloride (PVC) pressure pipes. The subsequent years saw the company diversifying into various areas, including fire sprinkler systems, soil, waste, and rainwater (SWR) pipes, and underground piping solutions. A significant milestone in its growth journey occurred in 2007 when Astral went public, successfully listing its shares on the National Stock Exchange of India and the Bombay Stock Exchange.

 

Present: 

 

Today, Astral Ltd, formerly known as Astral Poly Technik Limited, continues to be a leader in the manufacturing of piping solutions in India. The introduction of PVC pipes in 2013 marked a pivotal moment as the company expanded into the agricultural sector, further diversifying its offerings. In 2016, Astral ended its partnership with Lubrizol, signaling a shift towards greater independence in its production processes. This transition was marked by the establishment of its own CPVC compounding facility in Santej, Gujarat, in collaboration with Sekisui Chemical. As Astral continues to innovate and grow, the Astral share price reflects investor confidence, with the company's consistent focus on new products and sustainable solutions keeping it at the forefront of the industry.

 

 

Timeline of Astral Limited:

 

 

Inside the Astral Limited:  

 

Astral Limited

Corporate actions: Astral Ltd declared a final dividend of Rs. 2.25 per share on 16th August 2024, with the record date set for 16th August 2024.

As of September 28, 2024, the Astral share price stands at Rs. 2,004.85.

Main News: 

• In the June 2024 quarter, Astral Limited reported a slight net profit increase of 0.50%, totaling Rs 120.40 crore, up from Rs 119.80 crore in the same period in 2023. Furthermore, sales experienced a growth of 7.83%, climbing to Rs 1,383.60 crore compared to Rs 1,283.10 crore the previous year. These results contribute positively to Astral share price trends, reflecting the company’s continued financial strength and market position.

 

• In July 2024, Astral shifted its adhesive manufacturing from the Unnao plant to nearby facilities in Rania (Kanpur Dehat) and a new plant in Dahej (Gujarat).

 

• Astral share price saw a 6.1% rise over the last seven days as of August 2024. This surge has been fueled by increased interest from foreign institutional investors and mutual funds, reflecting their confidence in the company’s long-term prospects.

Current Astral  Share Price NSE

 

 

Achievements and Milestones:

 

 

CONCLUSION

 

In conclusion, Astral Ltd has solidified its position as a leader in the building materials sector, making significant strides in piping, adhesives, and related products. Its consistent focus on innovation, sustainable solutions, and market expansion has played a key role in its growth. As the company continues to hit financial milestones and attract investor confidence, the Astral share price remains a strong indicator of its market performance and long-term prospects. With continued investments in new facilities and product lines, Astral Ltd is poised for sustained growth in the coming years.

 

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Frequently Asked Questions:

 

1. Is the existing debt-to-equity ratio impacting the Astral share price?

Yes, Astral Ltd. has maintained a low debt-to-equity ratio of 5.5%, which is considerably lower than the industry average of 40.76%. This healthier financial structure can positively influence the Astral share price by instilling investor confidence.

 

2. Where can I find the latest updates on Astral share price?

Find real-time updates and the latest share price on Enrich Money's stock analysis page here.

 

3. Has the increase in market share impacted the Astral share price?

Yes, Astral Ltd.'s market share has grown from 5.12% to 6.16% over the past five years, reflecting the company's growth and competitiveness. This increase may positively affect the Astral share price.

 

4. What impact does the current ratio have on Astral share price?

Astral Ltd. has maintained a strong current ratio of 174.44%, which is higher than the industry average of 143.83%. This strong liquidity indicates financial stability and can potentially bolster the Astral share price.

 

5. What impact does revenue growth have on the Astral share price?

Astral Ltd. has recorded a revenue growth of 17.64% in the past five years, outpacing the industry average of 13.98%. This positive performance is likely to enhance investor sentiment, positively influencing the Astral share price.

 

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