Astral (ASTRAL) had a P/E of 59.3× on 6 Nov 2026, above the industry P/E of 24.8×, and the shares are 29% below their 52-week high. Sales and net profit grew 8.4% and 5.5% a year over 3 years, with ROCE of 18% and ROE of 14%. It carries very little debt, and its dividend yield is 0.3%. It is a mid-cap company with a market cap of ₹33,678 Cr, ranked 3rd of 64 Building Products & Equipment companies by market cap; the shares fell 5.4% over the past year.
- ₹1,369.60
- ₹1,369.60
- ₹1,215.50
- ₹1,388.00
- 48.6 L
Health check
- ReturnsIn line
−5.4% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 59.3 vs industry 24.8.
- GrowthSteady
Sales +8.4%, profit +5.5% a year over 3 years.
- ProfitabilityAverage
ROCE 17.6% vs peer median 20.7%.
- Balance sheetSolid
Debt 0.08× equity, interest covered 28.3×, Piotroski 6 of 9.
- Red flags1 to check
P/E of 59.3 against an industry P/E of 24.8.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹33,678 Cr
- Mid cap
- P/E
- 59.3
- Industry 24.8
- Price to book
- 7.95
- Peers 6.27
- Dividend yield
- 0.32%
- ROE
- 14.2%
- Peers 18.7%
- ROCE
- 17.6%
- Peers 20.7%
- Debt to equity
- 0.08
- Debt ₹333 Cr
- EPS (TTM)
- ₹21.14
- Face value ₹1
- OPM (TTM)
- 15.5%
- Net margin 7.9%
- Sales growth
- +26.8%
- Latest quarter vs a year ago
- Profit growth
- −5.8%
- Latest quarter vs a year ago
- Price to sales
- 4.68
- EV/EBITDA 31.1
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 26.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 59.3 against an industry P/E of 24.8.
About Astral
Astral Limited engages in the manufacture and marketing of pipes and fittings, water tanks, and adhesives and sealants in India and internationally. The company operates in two segments, Plumbing, and Paints and Adhesives. It offers plumbing pipes and fittings, sewerage and drainage pipes and fittings, agriculture pipes and fittings, cable protection system, industrial piping system, fire protection system, urban infrastructure, ancillary products, and…
- Headquarters
- Ahmedabad
- Employees
- 4,899
- Sector
- Industrials
- ISIN
- INE006I01046
- Website
- astralltd.com
Price range
- Avg volume (3M)
- 9.1 L
- 1-year return
- minus 5.4%
- From 52-week high
- minus 29.1%
Analyst consensus
Next results expected around 4 Feb 2027
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| CERACera Sanitaryware | 4,798.70 | minus 0.06% | 6,188 | 30.6 | 20.0 | 17.3% | 12.5% | 0.03 | 4.1% | minus 23.7% |
| Median of 7 peers | – | −0.94% | 21,248 | 35.5 | 25.0 | 20.7% | 14.5% | 0.03 | 6.6% | −15.4% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,361 | 1,542 | 2,089 | 1,578 | 1,988 | |
| 1,176 | 1,304 | 1,706 | 1,347 | 1,728 | |
| 185 | 237 | 383 | 231 | 261 | |
| 13.6% | 15.4% | 18.3% | 14.7% | 13.1% | |
| 4.7 | 5.6 | 1.2 | 15.3 | 8.6 | |
| 7.9 | 8.7 | 7.4 | 8.3 | 9 | |
| 71.9 | 73.4 | 74 | 75.4 | 78.7 | |
| – | −16.5 | −6.1 | – | −9.5 | |
| 110 | 144 | 297 | 163 | 172 | |
| 27.9% | 25.4% | 28.2% | 26.2% | 25.9% | |
| 81.1 | 108 | 213 | 120 | 127 | |
| 3.02 | 4.01 | 7.93 | 4.47 | 4.73 |
Profit & loss
- Sales CAGR 3Y
- +8.4%
- Profit CAGR 3Y
- +5.5%
- EPS CAGR 3Y
- +5.5%
- ROE
- 14.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,145 | 5,629 | 5,819 | 6,554 | |
| – | +9.4% | +3.4% | +12.6% | |
| 4,334 | 4,704 | 4,874 | 5,492 | |
| 812 | 925 | 946 | 1,062 | |
| 15.8% | 16.4% | 16.3% | 16.2% | |
| −10.2 | 10.7 | 5.2 | −16.8 | |
| 14.1 | 22 | 28.3 | 26.8 | |
| 178 | 198 | 243 | 292 | |
| 6 | 17.8 | 23.1 | 3.9 | |
| 615 | 734 | 703 | 731 | |
| 25.3% | 25.6% | 26.1% | 26.8% | |
| 457 | 546 | 524 | 537 | |
| – | +19.6% | minus 4.1% | +2.4% | |
| 17.00 | 20.33 | 19.50 | 19.97 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.9 | 26.9 | 26.9 | 26.9 | |
| 2,684 | 3,161 | 3,590 | 4,031 | |
| 87.1 | 119 | 233 | 250 | |
| 1,575 | 1,190 | 1,206 | 1,504 | |
| 4,373 | 4,498 | 5,056 | 5,812 | |
| 1,596 | 2,006 | 2,426 | 2,698 | |
| 139 | 171 | 145 | 159 | |
| – | – | 29.8 | 1.9 | |
| 682 | 610 | 608 | 945 | |
| 1,956 | 1,711 | 1,847 | 2,009 | |
| 4,373 | 4,498 | 5,056 | 5,812 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 557 | 823 | 630 | 1,117 | |
| −480 | −541 | −513 | −507 | |
| −191 | −203 | −118 | −328 | |
| −113 | 79.9 | −1.3 | 282 | |
| −311 | −554 | −545 | −459 | |
| 246 | 270 | 84.8 | 658 | |
| −60.3 | −101 | −101 | −101 |
Shareholding pattern
- Promoters54.22%
- Public45.78%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.22% | 45.78% | 0.00 | |
| 30 Jun 2026 | 54.22% | 45.78% | 0.00 | |
| 31 Mar 2026 | 54.22% | 45.78% | 0.00 | |
| 31 Dec 2025 | 54.22% | 45.78% | plus 0.01 | |
| 30 Sep 2025 | 54.21% | 45.79% | – |
Major shareholders
Filings & events
News
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