ASTRAL
Astral Limited
Building materials and specialty chemicals, a pioneer in CPVC pipes and fittings
Industrials›Capital Goods›Industrial Products›Plastic Products - Industrial
astralltd.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1427.40
Market cap
38,319 Cr
Stock P/E
66.6
P/B
9.45
Dividend yield
0.3%
ROE (FY26)
13.2%
ROCE (FY26)
18.9%
Operating margin (FY26)
11.7%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
105.2%
OCF / EBITDA (3Y)
87.8%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
Loading price history…
Compare with peers
Loading peers…
What you need to know
Astral makes plastic pipes, fittings, water tanks and bathware for plumbing, and also adhesives, sealants and paints, selling mainly in India with an overseas adhesives business.
Company snapshot
2ndBy market cap
Ranked among 20 companies in Plastic Products - Industrial.
Segment mix
Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 70.5% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Paints and Adhesives | 29.5% | 404 Cr | 24 Cr | 1,539 Cr |
| Plumbing | 70.5% | 966 Cr | 132 Cr | 2,776 Cr |
What we see
Positives
- ✓88% of operating profit came in as cash over the last three years — profits are backed by real cash.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,363 Cr | 1,370 Cr | 1,625 Cr | 1,384 Cr | 1,370 Cr | 1,397 Cr | 1,681 Cr | 1,361 Cr | 1,577 Cr | 1,542 Cr | 2,089 Cr | 1,578 Cr |
| Operating expenses (approx.) | 1,143 Cr | 1,165 Cr | 1,334 Cr | 1,169 Cr | 1,160 Cr | 1,178 Cr | 1,380 Cr | 1,176 Cr | 1,321 Cr | 1,304 Cr | 1,706 Cr | 1,347 Cr |
| EBITDA | 220 Cr | 205 Cr | 292 Cr | 214 Cr | 210 Cr | 220 Cr | 302 Cr | 185 Cr | 257 Cr | 237 Cr | 383 Cr | 231 Cr |
| OPM % | 16.1% | 15.0% | 17.9% | 15.5% | 15.3% | 15.7% | 18.0% | 13.6% | 16.3% | 15.4% | 18.3% | 14.7% |
| Other income | 13 Cr | 6 Cr | 10 Cr | 12 Cr | 9 Cr | 12 Cr | 9 Cr | 9 Cr | 11 Cr | 10 Cr | 17 Cr | 13 Cr |
| Interest | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 10 Cr | 14 Cr | 10 Cr | 12 Cr | 16 Cr | 13 Cr | 24 Cr | 6 Cr |
| Depreciation | 49 Cr | 50 Cr | 53 Cr | 56 Cr | 60 Cr | 63 Cr | 65 Cr | 72 Cr | 72 Cr | 73 Cr | 74 Cr | 75 Cr |
| Profit before tax | 177 Cr | 154 Cr | 241 Cr | 163 Cr | 149 Cr | 154 Cr | 236 Cr | 110 Cr | 180 Cr | 144 Cr | 297 Cr | 163 Cr |
| Tax % | 25.5% | 26.4% | 24.9% | 26.7% | 26.9% | 27.0% | 24.7% | 27.9% | 25.1% | 25.4% | 28.2% | 26.2% |
| Net profit | 132 Cr | 113 Cr | 181 Cr | 120 Cr | 109 Cr | 113 Cr | 178 Cr | 79 Cr | 135 Cr | 108 Cr | 213 Cr | 120 Cr |
| EPS (₹) | ₹4.88 | ₹4.23 | ₹6.76 | ₹4.48 | ₹4.10 | ₹4.25 | ₹6.67 | ₹3.02 | ₹5.02 | ₹4.01 | ₹7.93 | ₹4.47 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,127 Cr | 2,139 Cr | 2,507 Cr | 2,578 Cr | 3,176 Cr | 4,394 Cr | 5,159 Cr | 5,641 Cr | 5,832 Cr | 6,569 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,863 Cr | 1,822 Cr | 2,122 Cr | 2,135 Cr | 2,532 Cr | 3,639 Cr | 4,349 Cr | 4,723 Cr | 4,887 Cr | 5,507 Cr | Sign in free for the trailing twelve months |
| EBITDA | 264 Cr | 317 Cr | 385 Cr | 443 Cr | 645 Cr | 755 Cr | 810 Cr | 918 Cr | 946 Cr | 1,062 Cr | Sign in free for the trailing twelve months |
| OPM % | 12.4% | 14.8% | 15.4% | 17.2% | 20.3% | 17.2% | 15.7% | 16.3% | 16.2% | 16.2% | Sign in free for the trailing twelve months |
| Other income | 9 Cr | 13 Cr | 15 Cr | 12 Cr | 25 Cr | 35 Cr | 27 Cr | 42 Cr | 41 Cr | 47 Cr | Sign in free for the trailing twelve months |
| Interest | 18 Cr | 22 Cr | 32 Cr | 39 Cr | 13 Cr | 13 Cr | 40 Cr | 29 Cr | 41 Cr | 64 Cr | Sign in free for the trailing twelve months |
| Depreciation | 50 Cr | 57 Cr | 81 Cr | 108 Cr | 117 Cr | 127 Cr | 178 Cr | 198 Cr | 243 Cr | 292 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 201 Cr | 248 Cr | 283 Cr | 306 Cr | 533 Cr | 649 Cr | 628 Cr | 734 Cr | 703 Cr | 731 Cr | Sign in free for the trailing twelve months |
| Tax % | 28.0% | 29.2% | 30.4% | 18.5% | 23.4% | 24.4% | 24.8% | 25.6% | 26.1% | 26.8% | Sign in free for the trailing twelve months |
| Net profit | 145 Cr | 176 Cr | 197 Cr | 250 Cr | 408 Cr | 490 Cr | 473 Cr | 546 Cr | 519 Cr | 535 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹12.08 | ₹14.62 | ₹16.27 | ₹16.45 | ₹20.13 | ₹24.08 | ₹17.00 | ₹20.33 | ₹6.67 | ₹19.97 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 3.7% | 9.2% | 12.8% | 18.5% | 19.4% | 18.8% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 12 Cr | 12 Cr | 12 Cr | 15 Cr | 20 Cr | 20 Cr | 27 Cr | 27 Cr | 27 Cr | 27 Cr |
| Reserves | 835 Cr | 1,006 Cr | 1,266 Cr | 1,488 Cr | 1,876 Cr | 2,317 Cr | 2,684 Cr | 3,161 Cr | 3,590 Cr | 4,031 Cr |
| Borrowings | 162 Cr | 123 Cr | 193 Cr | 127 Cr | 40 Cr | 85 Cr | 77 Cr | 96 Cr | 144 Cr | 153 Cr |
| Other liabilities | 440 Cr | 520 Cr | 613 Cr | 643 Cr | 716 Cr | 938 Cr | 1,337 Cr | 1,133 Cr | 1,219 Cr | 1,601 Cr |
| Total liabilities | 1,462 Cr | 1,675 Cr | 2,099 Cr | 2,289 Cr | 2,673 Cr | 3,387 Cr | 4,373 Cr | 4,498 Cr | 5,056 Cr | 5,812 Cr |
| Fixed assets (net) | 507 Cr | 605 Cr | 810 Cr | 964 Cr | 1,028 Cr | 1,216 Cr | 1,457 Cr | 1,835 Cr | 2,281 Cr | 2,539 Cr |
| CWIP | 25 Cr | 73 Cr | 81 Cr | 44 Cr | 57 Cr | 123 Cr | 126 Cr | 151 Cr | 116 Cr | 89 Cr |
| Investments | — | — | 0.15 Cr | 0.20 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Loans & advances | — | — | 0.46 Cr | 0.20 Cr | 0.30 Cr | 0.40 Cr | 21 Cr | 0.60 Cr | 1 Cr | 0.70 Cr |
| Inventories | 272 Cr | 357 Cr | 396 Cr | 540 Cr | 472 Cr | 733 Cr | 875 Cr | 913 Cr | 1,011 Cr | 1,117 Cr |
| Trade receivables | 338 Cr | 307 Cr | 339 Cr | 228 Cr | 277 Cr | 269 Cr | 355 Cr | 376 Cr | 435 Cr | 475 Cr |
| Cash & bank | 18 Cr | 43 Cr | 89 Cr | 14 Cr | 71 Cr | 641 Cr | 530 Cr | 609 Cr | 608 Cr | 890 Cr |
| Other assets | 301 Cr | 289 Cr | 384 Cr | 498 Cr | 768 Cr | 404 Cr | 1,011 Cr | 613 Cr | 603 Cr | 701 Cr |
| Total assets | 1,462 Cr | 1,675 Cr | 2,099 Cr | 2,289 Cr | 2,673 Cr | 3,387 Cr | 4,373 Cr | 4,498 Cr | 5,056 Cr | 5,812 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 114 Cr | 282 Cr | 342 Cr | 405 Cr | 664 Cr | 543 Cr | 557 Cr | 823 Cr | 630 Cr | 1,117 Cr |
| Cash from investing | -158 Cr | -185 Cr | -293 Cr | -318 Cr | -454 Cr | 72 Cr | -480 Cr | -541 Cr | -513 Cr | -506 Cr |
| Cash from financing | 12 Cr | -71 Cr | -5 Cr | -163 Cr | -153 Cr | -44 Cr | -189 Cr | -202 Cr | -118 Cr | -328 Cr |
| Net cash flow | -32 Cr | 25 Cr | 44 Cr | -75 Cr | 57 Cr | 571 Cr | -112 Cr | 80 Cr | -1 Cr | 282 Cr |
| Free cash flow (OCF − Capex) | -46 Cr | 93 Cr | 117 Cr | 187 Cr | 492 Cr | 197 Cr | 246 Cr | 270 Cr | 85 Cr | 658 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 21.5% | 23.4% | 21.2% | 21.0% | 27.9% | 27.0% | 22.0% | 22.7% | 19.4% | 18.9% |
| ROE % | 16.8% | 17.0% | 15.1% | 16.3% | 21.1% | 20.5% | 15.4% | 16.7% | 14.2% | 13.2% |
| Debtor days | 58 | 52 | 49 | 32 | 32 | 22 | 25 | 24 | 27 | 26 |
| Inventory days | 78 | 96 | 87 | 120 | 91 | 88 | 95 | 96 | 107 | 106 |
| Days payable | 83 | 94 | 86 | 106 | 99 | 90 | 87 | 92 | 91 | 109 |
| Cash conversion cycle | 54 | 54 | 51 | 47 | 23 | 20 | 33 | 29 | 43 | 23 |
| OCF / EBITDA % | 43.3% | 89.0% | 88.8% | 91.5% | 103.0% | 71.9% | 68.8% | 89.7% | 66.6% | 105.2% |
| OCF / EBITDA % (3 years) | — | — | 76.4% | 89.9% | 95.9% | 87.5% | 79.8% | 77.4% | 75.2% | 87.8% |
| Debt / equity | 0.19 | 0.12 | 0.15 | 0.08 | 0.02 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 |
| Current ratio | 1.49 | 1.51 | 1.48 | 1.57 | 1.84 | 1.85 | 1.72 | 1.77 | 1.88 | 1.76 |
| Net debt / EBITDA | 0.55 | — | 0.27 | 0.26 | -0.05 | -0.74 | -0.56 | -0.56 | -0.49 | -0.69 |