Astral Ltd.

NSE: ASTRAL | BSE: 532830 | ISIN: INE006I01046 | Industry: Plastic Products
| Expensive Performer
1454.9000 33.60 (2.36%)
NSE Sep 05, 2025 15:31 PM
Volume: 989.4K
 

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Astral Ltd.
15 Nov 2017
1454.90
2.36%
IDBI Capital
Astral Poly Technik (Astral) came out with a strong result, beating our estimates, led by robust volume growth of 27% YoY in plastics segment. Adhesive business also saw a healthy 15% primarily at Resinova owing to capacity expansion. Overall EBITDA margin expanded 174bps to 14.7% mainly due to 138bps expansion in Plastics division and 62bps in Adhesive business. Consequently, EBITDA grew 35% to Rs763 mn translated into 43% growth in adjusted PAT to Rs419 mn. We are raising our TP to Rs685 from Rs642. However, due to sharp movement in stock price in recent months, we downgrade to REDUCE from ACCUMULATE....
Astral Ltd.'s price crossed above 50Day SMA today
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