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: 1
Author: Axis Direct

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Astral Ltd.

22 Jun 2020

1316.10

-2.16%

Initiating Coverage:Astral Poly Tech

Sell: Astral Ltd.

Axis Direct

We initiate coverage on Astral Polytechnik with a SELL recommendation and price target of Rs 758/-. India's Real Estate (esp. residential) was struggling prior to Covid-19 and has been further pushed to brink due to Covid-19 induced circumstances, viz., migration of labourers

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

Astral Ltd.

28 May 2020

1316.10

-2.16%

Hold Astral Poly Technik; target of Rs 832: East India Securities

Moneycontrol

East India Securities recommended hold rating on Astral Poly Technik with a target price of Rs 832 in its research report dated May 28, 2020.

Astral Ltd. has lost -36.40% in the last 1 Year

Buy Astral Poly Technik; target of Rs 950: ICICI Securities

Moneycontrol | 28 May 2020 2 more

Astral Ltd.

28 May 2020

1316.10

-2.16%

Astral Poly Technik: Q4FY20 Result Review

Buy: Astral Ltd.

IDBI Capital

Astral Poly Technik's (Astral) Q4FY20 result was better than our forecast. While revenue came in-line with our estimates, EBITDA and PAT were higher owing to decline in raw material prices and lower tax outgo. Revenue declined by 18.8% to Rs6.2bn, EBITDA was down by 5.3% YoY to Rs1.1bn and adjusted PAT was lower by 19.3% YoY to Rs516 mn. The management has reiterated their positive stance on both businesses and is confident to overcome this crisis with improved operational efficiency. We believe impact of COVID-19 on real estate and infrastructure would dent demand for pipes in FY21E. We have cut our FY22E net sales/EBITDA/PAT estimates by -11.7%/10.6%/-14.6% respectively. Maintain BUY with a TP of Rs1,093 (from earlier TP of Rs...

Astral Ltd.'s price crossed below 50Day SMA today

Astral Ltd.

28 May 2020

1316.10

-2.16%

Astral Poly Tec

Hold: Astral Ltd.

East India Securities Ltd

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

Astral Ltd.

27 May 2020

1316.10

-2.16%

Accumulate Astral Poly Technik; target of Rs 907: Dolat Capital

Moneycontrol

Dolat Capital recommended accumulate rating on Astral Poly Technik with a target price of Rs 907 in its research report dated May 26, 2020.

Astral Ltd. has lost -25.99% in the last 6 Months

Astral Ltd.

27 May 2020

1316.10

-2.16%

First Light | Weekly Eco Wrap, Astral Poly Technik

Sell: Astral Ltd.

BOB Capital Markets Ltd.

Weekly Wrap: Global data shows world economy improving. ASTRA: Volumes hit due to lockdown, maintain REDUCE

Astral Ltd. is trading above its 30 day SMA of 1312.2

Astral Ltd.

27 May 2020

1316.10

-2.16%

Astral Poly Technik

Hold: Astral Ltd.

Recommendation Target

ICICI Securities Limited

Strong volume gain in January-February wiped out in March During the first two months of Q4FY20 (i.e. January-February before the lockdown) the piping segment reported strong growth in volume, value by 19%, 17% YoY, respectively. However, volume shortfall during March 2020 (down 53% YoY due to lockdown) led the overall piping segment volume to decline ~13% YoY in Q4FY20. On the other hand, ~28% drop in revenue of adhesive segment in Q4FY20 was mainly due to ~60% revenue decline in March 2020. While major urban areas are still under partial lockdown, the...

Astral Ltd. has lost -25.99% in the last 6 Months

Astral Ltd.

26 May 2020

1316.10

-2.16%

Astral Poly Technik Ltd - Result Update Q4FY20

Buy: Astral Ltd.

Target

Edelweiss

On a consolidated basis, Revenue/EBITDA/PAT for the quarter de-grew by 18.8%/5.3%/20.1% which fell short of estimates by 25.3%/16.2%/33.6%.

Astral Ltd.'s price crossed below 50Day SMA today

Astral Ltd.

26 May 2020

1316.10

-2.16%

Astral Poly Tec

Accumulate: Astral Ltd.

Dolat Capital

Astral Poly Technik (ASTRA) Q4FY20 numbers below estimates on revenue front as last 12-14 days of March was lost due to lockdown, there was a pile up of inventory at depots and sales was lost due to logistics constraints and weakness in adhesives business and in line with estimates on operating profitability parameters. Adhesive segment margins on a full year showed growth as structural changes of eliminating stockists was undertaken. Stockist margins of 68% was removed which directly benefited the Company. ASTRA has plans for expansion and have acquired adjacent land at...