Astral Ltd. News and Updates

Name: Latest research reports of Astral Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Astral Ltd.
Rating: 3
Author: Axis Direct

Keep track of all breaking news on Astral Ltd. from all sources in a single place.

Load latest

Astral Ltd.

10 Aug 2021

1439.50

4.49%

Astral Ltd Standalone June 2021 Net Sales at Rs 517.20 crore, up 63.41% Y-o-Y

Moneycontrol

NULL

Astral Ltd. has an average target of 2088.50 from 8 brokers.

Astral Ltd.

10 Aug 2021

1439.50

4.49%

Result Update:Astral

Hold: Astral Ltd.

Recommendation

Axis Direct

We expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD' with TP of Rs 2,250.

Astral Ltd. is trading below its 150 day SMA of 1533.9

Astral Ltd.

09 Aug 2021

1439.50

4.49%

to see Rapid results content

Astral Ltd.

13 Jul 2021

1439.50

4.49%

NSE announces inclusion of Astral, Strides Pharma in F&O; segment

livemint

The market lot, scheme of strikes and quantity freeze limit of the above mentioned securities shall be informed to members on July 29, 2021 through a separate circular, the exchange stated

Astral Ltd. has lost -30.73% in the last 1 Year

Astral Ltd.

21 May 2021, 12:00AM

1439.50

4.49%

Result Update:Astral

Buy: Astral Ltd.

Axis Direct

We recommend BUY with a target price of Rs 2,250/share (upside of 17%) valuing the stock at 65x FY22E.

Astral Ltd. has lost -30.73% in the last 1 Year

Astral Ltd.

20 May 2021

1439.50

4.49%

Astral's Q4FY21 result was a beat to our and consensus estimates on key parameters. Strong demand in both pipes and adhesive segment led to healthy net sales growth, while cost cutting measures supported margins improvement. Net sales improved by 79.3% YoY to Rs11.2bn, while EBITDA was up by 126% YoY to Rs2.5bn. The company reported net profit of Rs1.7bn, growth of 241.3% YoY. Though there is marginal weakness in demand in April, 21 due to Covid-19 led state wise lockdown, the management remained confident to grow as things normalize. We believe the company is well placed to benefit from capacity expansion plan to cater to incremental demand,...

Astral Ltd. has an average target of 2088.50 from 8 brokers.

Astral Ltd.

20 May 2021

1439.50

4.49%

Astral Ltd | Q4FY21 Result Update

Buy: Astral Ltd.

Edelweiss

Growth trajectory to get steeper on strong demand

Astral Ltd. has lost -30.73% in the last 1 Year

Astral Ltd.

20 May 2021

1439.50

4.49%

Astral Poly Technik

Hold: Astral Ltd.

ICICI Securities Limited

Astral Ltd has reported an all-round performance in Q4FY21 with revenue and PAT coming in much ahead of our expectation. Consolidated revenue growth at 79% YoY to | 1128 crore was ahead of our expectation of 36% growth. This was mainly driven by strong performance of both piping and adhesive businesses. Standalone piping revenue increased 80% YoY to ~| 910 crore supported by ~26% YoY growth in volume. Strong demand from housing and construction segment helped drive volumes in Q4FY21. On the adhesive front, segment revenue growth at 78% YoY to | 241 crore...