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Astral Limited
(ASTRAL)
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Rating:57Neutral
Price Target:
₹1,424.00
▼(-2.99% Downside)
Action:Reiterated
Date:09/30/26
The score is supported primarily by strong financial quality (low leverage and steady growth), but is held back by weak technical momentum (below key moving averages with negative MACD) and a demanding valuation (high P/E with low dividend yield).
Positive Factors
Consistent revenue growth
Astral has maintained multi-year revenue expansion across its building-material businesses, indicating sustained demand for its piping, plumbing, adhesives, and chemical products. Continued top-line growth supports scale benefits, distribution reach, and reinvestment in future product development.
Negative Factors
Recent margin compression
Recent profitability pressure indicates that revenue growth is not translating into earnings at the margin levels achieved earlier. If gross and net margins remain below historical peaks, Astral may have less capacity to absorb cost changes, invest in growth, or expand profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Astral has maintained multi-year revenue expansion across its building-material businesses, indicating sustained demand for its piping, plumbing, adhesives, and chemical products. Continued top-line growth supports scale benefits, distribution reach, and reinvestment in future product development.
Read all positive factors
Astral Limited (ASTRAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹359.32B
Dividend Yield0.3%
Average Volume (3M)17.61K
Price to Earnings (P/E)62.6
Beta (1Y)0.78
Revenue Growth16.79%
EPS Growth18.82%
CountryIN
Employees4,899
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)21.43
Shares Outstanding268,650,180
10 Day Avg. Volume26,559
30 Day Avg. Volume17,608
Financial Highlights & Ratios
PEG Ratio33.22
Price to Book (P/B)10.59
Price to Sales (P/S)6.54
P/FCF Ratio71.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,750.00Price Target Upside19.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)26.8
Revenue Forecast (FY)₹77.88B
Astral Limited Business Overview & Revenue Model
Company Description
Astral Limited, along with its subsidiaries, is an India-based company with a global presence, specializing in the manufacturing and distribution of piping systems, water storage solutions, and various adhesives and sealants. Its core business ope...
How the Company Makes Money
Astral makes money primarily by selling building-material products across two major lines: (1) piping and plumbing systems and (2) adhesives and construction chemicals. Revenue is generated from the sale of plastic pipes, fittings, and associated ...
Astral Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.85B | 65.69B | 58.32B | 56.41B | 51.59B | 43.94B |
| Gross Profit | 18.09B | 17.36B | 22.83B | 21.55B | 17.05B | 14.53B |
| EBITDA | 10.96B | 10.54B | 9.46B | 9.25B | 8.11B | 7.55B |
| Net Income | 5.75B | 5.37B | 5.24B | 5.46B | 4.57B | 4.84B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 58.12B | 50.56B | 44.98B | 43.73B | 33.87B |
| Cash, Cash Equivalents and Short-Term Investments | 9.45B | 9.43B | 6.08B | 6.09B | 6.82B | 6.42B |
| Total Debt | 0.00 | 2.50B | 2.33B | 1.19B | 871.00M | 983.00M |
| Total Liabilities | -40.58B | 17.54B | 13.63B | 12.29B | 14.14B | 10.23B |
| Stockholders Equity | 40.58B | 40.58B | 36.17B | 31.88B | 27.11B | 23.37B |
Cash Flow | ||||||
| Free Cash Flow | 1.64B | 6.04B | 848.00M | 2.69B | 2.46B | 1.97B |
| Operating Cash Flow | 3.89B | 10.63B | 6.30B | 8.23B | 5.57B | 5.43B |
| Investing Cash Flow | -2.49B | -5.86B | -5.13B | -5.41B | -4.80B | 715.00M |
| Financing Cash Flow | -2.02B | -1.95B | -1.18B | -2.02B | -1.91B | -440.00M |
Astral Limited Technical Analysis
Negative
1467.95
Price Trends
1437.16
Negative
1442.06
Negative
1499.27
Negative
Market Momentum
-17.39
Positive
40.19
Neutral
20.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASTRAL, the sentiment is Negative. The current price of 1467.95 is above the 20-day moving average (MA) of 1394.96, above the 50-day MA of 1437.16, and below the 200-day MA of 1499.27, indicating a bearish trend. The MACD of -17.39 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 20.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASTRAL.
Astral Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹400.26B | 35.41 | ― | 1.17% | 16.64% | 33.27% | |
66 Neutral | ₹85.13B | 13.77 | ― | 1.41% | -2.24% | 54.85% | |
61 Neutral | ₹5.09B | 10.21 | ― | 1.59% | 6.12% | -27.41% | |
61 Neutral | ₹28.34B | 27.75 | ― | 0.39% | 5.10% | 347.36% | |
58 Neutral | ₹22.12B | -240.17 | ― | 0.14% | -1.99% | -132.14% | |
57 Neutral | ₹359.32B | 62.62 | ― | 0.30% | 16.79% | 18.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ASTRAL
Astral Limited
1,337.50
-107.94
-7.47%
IN:APOLLOPIPE
Apollo Pipes Ltd.
502.10
193.48
62.69%
IN:FINPIPE
Finolex Industries Limited
137.20
-47.61
-25.76%
IN:PPL
Prakash Pipes Limited
212.90
-75.03
-26.06%
IN:PRINCEPIPE
Prince Pipes And Fittings Ltd
256.35
-62.33
-19.56%
IN:SUPREMEIND
Supreme Industries Limited
3,151.00
-608.88
-16.19%
Astral Limited Corporate Events
Astral Limited Publishes Earnings Call Transcript for Investors
Aug 18, 2026
Astral Limited has notified the stock exchanges that the transcript of its earnings call held on August 12, 2026, has been made available on the investor relations section of its website. The disclosure is addressed to both BSE and NSE, confirming...
Astral Publishes Q1 FY2026 Unaudited Results Notice in Newspapers
Aug 13, 2026
Astral Limited has notified the stock exchanges that it has published a newspaper advertisement of its unaudited financial results for the first quarter ended 30 June 2026. The disclosure, made to both BSE and the National Stock Exchange, confirms...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.