Astral Ltd. News and Updates

Name: Latest research reports of Astral Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Astral Ltd.
Rating: 1
Author: BOB Capital Markets Ltd.

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Astral Ltd.

28 Aug 2019

1498.10

-0.25%

Plastic Products: Anti-dumping duty on CPVC Astral Poly a key beneficiary

Sell: Astral Ltd.

BOB Capital Markets Ltd.

India's finance ministry has imposed provisional anti-dumping duty (ADD) on CPVC resin/compounds imported from China and Korea for a period of six months starting 26 August.

BOB Capital Markets Ltd. upgraded Astral Ltd. to Buy with a price target of 1700.0 on 26 May, 2025.

Astral Ltd.

06 Aug 2019

1498.10

-0.25%

Astral Poly Technik: Q1FY20 Result Review

Hold: Astral Ltd.

IDBI Capital

The company's focus on capacity expansion in piping segment, ramping up capacity utilization in adhesive segment and restructuring of distribution network would be key growth levers for Astral. The company's overseas operations at UK, USA and Kenya are seeing traction and are expected to grow at healthy double digit in volume terms. We forecast net sales/EBITDA/PAT to grow at a CAGR of 19%/20.7%/27.1%. Maintain HOLD...

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

Astral Ltd.

05 Aug 2019

1498.10

-0.25%

Astral Poly Technik Ltd - Result Update Q1FY20

Buy: Astral Ltd.

Edelweiss

Astral Poly Technik Ltd. (ASTRAL) reported sales of INR 607cr grew by 27.2% YoY (4.4% above our estimates).

Astral Ltd. is trading below its 150 day SMA of 1515.7

Astral Ltd.

05 Aug 2019

1498.10

-0.25%

Astral Poly Technik

Hold: Astral Ltd.

ICICI Securities Limited

The company reported robust standalone revenue growth of 26% YoY (excluding Rex) led by 28% volume growth in Q1FY20. Volume growth was mainly driven by increase in distribution network, strong demand of CPVC and agriculture pipes. The company's Rex business recorded revenue of | 40 crore, which was below estimates. The company incurred a loss of one month sales, mainly due rationalisation of distribution network and streamlining of Rex line with Astral (change in GST number, implementation of SAP). On the adhesive front, muted topline growth is attributable to...

Astral Ltd. has an average target of 1918.89 from 9 brokers.

Astral Ltd.

02 Aug 2019

1498.10

-0.25%

Company news: Astral Poly Technik

Business Line

The board of directors of Astral Poly Technik on Friday approved a proposal to issue bonus shares in the proportion of 1: 4 (one bonus equity share fo

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

Astral Ltd.

02 Aug 2019

1498.10

-0.25%

Astral Poly Technik (REDUCE): Piping segment aided by Rex acquisition spurs growth

Sell: Astral Ltd.

BOB Capital Markets Ltd.

Astral Poly Technik (ASTRA) reported marginally better consolidated revenue growth than expected at 27% YoY in Q1FY20.

Astral Ltd. has lost -28.71% in the last 1 Year

Astral Ltd.

02 Aug 2019

1498.10

-0.25%

Astral Poly Tec

Buy: Astral Ltd.

Dolat Capital

Margins impacted due to RM volatility. Story remains intact. Maintain BUY Astral Poly Technik (ASTRA) Q1FY20 numbers were in line with estimates on revenue and profitability parameters. Piping segment (including Rex) reported volume growth of 41.2% YoY and revenue growth of 37% YoY. Adhesive segment reported flattish growth due to few structural changes in Resinova, which will be corrected in current quarter and management has guided for double digit growth for FY20. Margins got impacted due to inventory losses of approx. ` 70-80 mn. We believe that inventory losses...

BOB Capital Markets Ltd. upgraded Astral Ltd. to Buy with a price target of 1700.0 on 26 May, 2025.

Astral Ltd.

12 Jul 2019

1498.10

-0.25%

Astral Poly Tec

Accumulate: Astral Ltd.

Dolat Capital

We believe that ASTRA is in the investment phase and will reap long-term benefits of this strategy in the next five years. We believe that revenue growth and margin profile should rise. The company's growth trajectory remains high and return ratios are also expanding, therefore valuation...

BOB Capital Markets Ltd. upgraded Astral Ltd. to Buy with a price target of 1700.0 on 26 May, 2025.

Astral Ltd.

24 May 2019

1498.10

-0.25%

Astral Poly Tec

Buy: Astral Ltd.

Dolat Capital

One off events impact profitability. Story remains intact. Maintain BUY. Astral Poly Technik (ASTRA) Q4FY19 results were lower than our estimates on profitability parameters. The profitability was impacted, due to one-off events, such as inventory loss (in both divisions pipe and adhesive) and the Rex acquisition. We believe that inventory losses will be reversed to a large extent, as PVC prices have trended upward in 1QFY20. As the Rex acquisition cost is already reflected in the balance sheet, profitability should improve from the current level. The piping volume grew 23% YoY...