Astral Ltd. News and Updates

Name: Latest research reports of Astral Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: Astral Ltd.
Rating: 4
Author: Dolat Capital

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

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Astral Ltd.

07 Nov 2020

1526.90

-0.03%

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....

Astral Ltd. is trading above its 150 day SMA of 1522.8

Astral Ltd.

07 Nov 2020

1526.90

-0.03%

Astral Poly Technik Ltd. | Q2FY21 Result Update

Buy: Astral Ltd.

Target

Edelweiss

On a consolidated basis, Revenue/EBITDA/PAT for the quarter grew by 10.1%/20.7%/11.9%

Astral Ltd. has lost -29.77% in the last 1 Year

Astral Ltd.

06 Nov 2020

1526.90

-0.03%

Astral Poly standalone Q2 net jumps 300% on robust pipes revenues

Business Line

Board declares 100 per cent dividend

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

Astral Ltd.

10 Aug 2020

1526.90

-0.03%

Hold Astral Poly Technik; target of Rs 1120: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on Astral Poly Technik with a target price of Rs 1120 in its research report dated August 06, 2020.

Astral Ltd. is trading below its 200 day SMA of 1627.2

Astral Ltd.

07 Aug 2020

1526.90

-0.03%

Astral Poly Tec

Buy: Astral Ltd.

East India Securities Ltd

Astral Ltd. is trading above its 150 day SMA of 1522.8

Astral Ltd.

07 Aug 2020

1526.90

-0.03%

Astral Poly Technik Ltd - Result Update Q1FY21

Buy: Astral Ltd.

Target

Edelweiss

On a consolidated basis, Revenue/EBITDA/PAT for the quarter de-grew by 33.4%/41.7%/57.7% which above of our estimates.

Astral Ltd. has lost -29.77% in the last 1 Year

Astral Ltd.

06 Aug 2020

1526.90

-0.03%

Astral Poly Technik: Q1FY21 Result Review

Buy: Astral Ltd.

IDBI Capital

Astral Poly Technik's (Astral) Q1FY21 result was better than our estimates on net sales and EBITDA, while PAT was a big beat owing to lower tax outgo. Net sales declined by 33.4% YoY to Rs4bn, EBITDA was down by 41.7% YoY to Rs543mn and adjusted PAT was lower by 57.5% YoY to Rs203mn. The company's piping segment started operation from first week of May, while adhesive segment resumed operation from second half of May. Lower production and nationwide lockdown weighed on Astral's Q1FY21 performance. However, on a positive note, plastic pipes/adhesives were operational at 95%/90% capacity respectively in July. The management's prudent strategies on new...

Astral Ltd. is trading above its 150 day SMA of 1522.8

Astral Ltd.

06 Aug 2020

1526.90

-0.03%

Astral Poly Technik

Hold: Astral Ltd.

Target

ICICI Securities Limited

Piping segment demand recovery was led by semi urban, rural areas that were less impacted by pandemic. Astral recovered ~90% of piping sales volume in May-July 2020 despite nominal sales from metro regions. Further, opening of metro regions coupled with its plan to enhance dealer networks across semi urban and rural regions would help in a faster sales recovery from H2FY21E onwards. On the adhesive side, the demand recovery was impressive post ease in restrictions with ~26% sales growth in July 2020. Low base and completion of its distribution realignment strategy yielded a...

Astral Ltd. is trading below its 200 day SMA of 1627.2

Astral Ltd.

06 Aug 2020

1526.90

-0.03%

Result Update:Astral Poly Tech

Sell: Astral Ltd.

Axis Direct

Astral Polytechnik reported a relatively tepid Q1, with revenue down to Rs 404 cr (33% YoY decline) as the company sold 21784 MT pipes (?31% YoY against our expectations of almost 50% decline). We retain SELL rating on Astral Poly with target price of Rs 758/-.

Astral Ltd. has lost -29.77% in the last 1 Year

Astral Ltd.

05 Aug 2020

1526.90

-0.03%

Astral Poly Technik (REDUCE): Lockdown-hit quarter

Sell: Astral Ltd.

Target

BOB Capital Markets Ltd.

Astral Poly Technik's (ASTRA) Q1FY21 consolidated revenue declined at a slower pace than expected, posting 33% YoY contraction as the lockdown induced a 31% drop in pipe volumes.