Astral Ltd.

NSE: ASTRAL | BSE: 532830 | ISIN: INE006I01046 | Industry: Plastic Products
| Expensive Performer
1345.1000 -19.40 (-1.42%)
NSE Apr 30, 2025 15:31 PM
Volume: 550.8K
 

logo
Astral Ltd.
28 May 2020
1345.10
-1.42%
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. has lost -23.57% in the last 6 Months
More from Astral Ltd.
Recommended