|
22 May 2025 |
Astral
|
Consensus Share Price Target
|
1442.90 |
1697.17 |
- |
17.62 |
buy
|
|
|
|
|
17 Jan 2023
|
Astral
|
ICICI Securities Limited
|
1442.90
|
2295.00
|
1975.75
(-26.97%)
|
Pre-Bonus/ Split |
Buy
|
|
|
In our view, Astral (ASTRA) stock appears well positioned to gain (in absolute term) in the immediate near term as volumes are expected to pick-up in pipe segment (from Q3) and also margins are likely to normalise (in Q4FY23E) as PVC prices have stabilised (post ~34% decline in FY23-TD).
|
|
23 Dec 2022
|
Astral
|
ICICI Securities Limited
|
1442.90
|
2295.00
|
1966.15
(-26.61%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We recently interacted with the management of Astral Ltd (ASTRA) and following are the key takeaways: a) Demand trend in pipe has improved QTD and is likely to remain healthy in H2FY23.
|
|
14 Nov 2022
|
Astral
|
ICICI Direct
|
1442.90
|
2275.00
|
1982.30
(-27.21%)
|
Pre-Bonus/ Split |
Hold
|
|
|
|
|
14 Nov 2022
|
Astral
|
ICICI Securities Limited
|
1442.90
|
2182.00
|
2061.95
(-30.02%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
Astral reported Q2FY23 consolidated revenue decline of 2.4% YoY (3-year CAGR of +20%) on a high base with plumbing segment revenue declining 10.6% YoY, while adhesive segment grew 9.8% YoY.
|
|
09 Sep 2022
|
Astral
|
ICICI Direct
|
1442.90
|
2650.00
|
2505.45
(-42.41%)
|
Target met |
Hold
|
|
|
|
|
17 Aug 2022
|
Astral
|
Axis Direct
|
1442.90
|
2225.00
|
2014.25
(-28.37%)
|
Target met |
Buy
|
|
|
We recommend a BUY with a TP of Rs 2,225 with an upside potential of 11.2%.
|
|
16 Aug 2022
|
Astral
|
IDBI Capital
|
1442.90
|
2283.00
|
2000.00
(-27.86%)
|
Target met |
Buy
|
|
|
|
|
16 Aug 2022
|
Astral
|
ICICI Direct
|
1442.90
|
2100.00
|
2000.00
(-27.86%)
|
Target met |
Hold
|
|
|
|
|
15 Aug 2022
|
Astral
|
ICICI Securities Limited
|
1442.90
|
2076.00
|
1985.55
(-27.33%)
|
Target met |
Accumulate
|
|
|
Astral Ltd reported better than expected consolidated revenue growth of 73.1% YoY (3-year CAGR of 26%) on a low base with its plumbing/adhesive segments witnessing growth of 73.8%/45.2% YoY respectively.
|
|
13 Aug 2022
|
Astral
|
Edelweiss
|
1442.90
|
2377.00
|
1985.55
(-27.33%)
|
Target met |
Buy
|
|
|
Robust performance continues amid margin pressure
|