Astral Ltd. News and Updates

Name: Latest research reports of Astral Ltd. authored by Edelweiss and published by - Trendlyne research reports.
Item: Astral Ltd.
Rating: 5
Author: Edelweiss

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

Load latest

Astral Ltd.

26 Nov 2020

1456.70

0.99%

Astral Poly Technik adds a new growth engine in plastic tanks

Business Standard

Analysts positive on its foray, given the large industry size and synergy with existing business

Astral Ltd. average weekly volume is high.

Astral Ltd.

26 Nov 2020

1456.70

0.99%

Astral Poly Technik Ltd. | Company Update

Buy: Astral Ltd.

Edelweiss

Astral Poly Technik Ltd. has announced its foray in to the business of manufacturing /trading of plastic water storage tanks and adding new capacity

Astral Ltd. is trading at high day volume of 1.9M.

Astral Ltd.

09 Nov 2020

1456.70

0.99%

Astral Poly Technik gains 4% on healthy operational performance in Q2

Business Standard

The management said the recovery in pipe segments has picked up momentum from September 2020 onwards

Astral Ltd.'s price crossed above 100Day SMA today

Astral Ltd.

09 Nov 2020

1456.70

0.99%

Astral Poly Technik: Q2FY21 Result Review

Buy: Astral Ltd.

IDBI Capital

Astral Poly Technik's (Astral) Q2FY21 result was ahead of our and consensus estimates on key parameters. Strong demand in plumbing pipes led to healthy sales growth, while better product mix and prudent cost savings aided EBITDA margin. Net sales improved by 10.1% YoY to Rs7.4bn, EBITDA was up by 20.7% YoY to Rs1.4bn. The company reported net profit of Rs879mn, growth of 6.5% YoY. The management guided that strong recovery in demand post a subdued Q1FY21 led to higher sales volumes in piping industry. Further, the company expects demand traction to continue in H2FY21E, supported by recovery in metros. Astral's capacity expansion plan to cater to...

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

Astral Ltd.

09 Nov 2020

1456.70

0.99%

Result Update:Astral Poly Tech

Hold: Astral Ltd.

Recommendation Target

Axis Direct

With outstanding performance in H1FY21, we have re-worked our estimates for the rest of the year and FY22. We have revised our estimates upwards with change in business sentiments and opening of economy, and expect the company to post Revenue/PAT growth at CAGR of 13%/20% respectively over FY20-22

Number of FII/FPI investors decreased from 638 to 622 in Mar 2025 qtr

Astral Ltd.

09 Nov 2020

1456.70

0.99%

Astral Poly Technik

Hold: Astral Ltd.

Target

ICICI Securities Limited

Adhesive segment demand recovery was impressive post easing of restrictions with ~30% sales growth in Q2FY21. Low base, completion of its distribution realignment strategy yielded a better-than-expected performance. On the piping front, strong demand recovery was seen from September 2020 onwards, which continued in October as segment sales growth for September, October was as high as 30%, 85% YoY, respectively....

Astral Ltd. is trading at high day volume of 1.9M.

Astral Ltd.

07 Nov 2020

1456.70

0.99%

Accumulate Astral Poly Technik; target of Rs 1303: Dolat Capital Market

Moneycontrol

Dolat Capital Market recommended accumulate rating on Astral Poly Technik with a target price of Rs 1303 in its research report dated November 07, 2020.

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

Astral Ltd.

07 Nov 2020

1456.70

0.99%

Astral Poly Technik (REDUCE): Reasonably good quarter; outlook improving

Sell: Astral Ltd.

Target

BOB Capital Markets Ltd.

Astral Poly Technik's (ASTRA) consolidated revenue grew 10% YoY in Q2FY21, aided by 31% growth in the adhesives segment whereas pipes grew 4% (volumes up 2%).

Astral Ltd. is trading above its 100 day SMA of 1397.9

Astral Ltd.

07 Nov 2020

1456.70

0.99%

Astral Poly Tec

Accumulate: Astral Ltd.

Target

Dolat Capital

Astral Poly Technik (ASTRA) Q2FY21 numbers were above our estimates on revenue front and profitability front. Volume growth of 2.2% YoY and 62.4% QoQ in pipe segment as end markets opened up and company had inventory ready and robust distribution network. Pipes business showed a positive growth YoY from Sep'20 onwards. Adhesive segment from the month of July showed a positive growth after a subdued previous quarter. Margins on a full year showed growth as structural changes of eliminating stockists was undertaken....