Astral Limited (IN:ASTRAL)
:ASTRAL
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Astral Limited
(ASTRAL)
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Rating:60Neutral
Price Target:
₹1,678.00
▲(12.83% Upside)
Action:Reiterated
Date:05/20/26
Score is driven by strong financial quality (especially a conservatively levered balance sheet and steady revenue growth), but is held back by weak technical momentum and a demanding valuation (high P/E with a low dividend yield).
Positive Factors
Balance Sheet Strength
Astral’s very low leverage (debt-to-equity ~3–6%) provides durable financial flexibility, enabling sustained capex, working capital support and selective M&A without heavy refinancing risk. This balance-sheet strength helps the company withstand construction cycles and fund strategic growth.
Negative Factors
Margin Compression
Margins have trended down, with gross and net margins compressing into FY26. Sustained margin pressure from raw-material cost swings or competitive pricing would reduce internal earnings power, limit reinvestment, and weigh on ROE and cash available for strategic initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Astral’s very low leverage (debt-to-equity ~3–6%) provides durable financial flexibility, enabling sustained capex, working capital support and selective M&A without heavy refinancing risk. This balance-sheet strength helps the company withstand construction cycles and fund strategic growth.
Read all positive factors
Astral Limited (ASTRAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹420.45B
Dividend Yield0.26%
Average Volume (3M)24.14K
Price to Earnings (P/E)78.4
Beta (1Y)0.88
Revenue Growth12.62%
EPS Growth2.48%
CountryIN
Employees4,862
SectorConsumer Defensive
Sector Strength42
IndustryConstruction
Share Statistics
EPS (TTM)18.96
Shares Outstanding268,650,180
10 Day Avg. Volume24,960
30 Day Avg. Volume24,144
Financial Highlights & Ratios
PEG Ratio33.22
Price to Book (P/B)10.59
Price to Sales (P/S)6.54
P/FCF Ratio71.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,856.00Price Target Upside24.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)27.06
Revenue Forecast (FY)₹77.16B
Astral Limited Business Overview & Revenue Model
Company Description
Astral Limited, along with its subsidiaries, is an India-based company with a global presence, specializing in the manufacturing and distribution of piping systems, water storage solutions, and various adhesives and sealants. Its core business ope...
How the Company Makes Money
Astral makes money mainly by selling manufactured building-material products through distribution and retail channels. Its core revenue stream is the piping business: sale of polymer pipes and fittings (e.g., plumbing and drainage systems) to resi...
Astral Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.17B | 65.69B | 58.32B | 56.41B | 51.59B | 43.94B |
| Gross Profit | 21.31B | 17.36B | 22.83B | 21.55B | 17.05B | 14.53B |
| EBITDA | 9.22B | 10.54B | 9.21B | 9.13B | 8.04B | 7.49B |
| Net Income | 5.09B | 5.37B | 5.24B | 5.46B | 4.57B | 4.84B |
Balance Sheet | ||||||
| Total Assets | 51.98B | 58.12B | 50.56B | 44.98B | 43.73B | 33.87B |
| Cash, Cash Equivalents and Short-Term Investments | 5.55B | 9.58B | 6.08B | 6.09B | 6.82B | 6.42B |
| Total Debt | 2.56B | 2.50B | 2.33B | 1.19B | 871.00M | 983.00M |
| Total Liabilities | 14.22B | 17.54B | 13.63B | 12.29B | 14.14B | 10.23B |
| Stockholders Equity | 37.76B | 40.58B | 36.17B | 31.88B | 27.11B | 23.37B |
Cash Flow | ||||||
| Free Cash Flow | 1.64B | 6.04B | 848.00M | 2.69B | 2.46B | 1.97B |
| Operating Cash Flow | 3.89B | 10.63B | 6.30B | 8.23B | 5.57B | 5.43B |
| Investing Cash Flow | -2.49B | -5.86B | -5.13B | -5.41B | -4.80B | 715.00M |
| Financing Cash Flow | -2.02B | -1.95B | -1.18B | -2.02B | -1.91B | -440.00M |
Astral Limited Technical Analysis
Positive
1487.25
Price Trends
1551.14
Positive
1565.09
Negative
1502.96
Positive
Market Momentum
-0.33
Negative
54.65
Neutral
87.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASTRAL, the sentiment is Positive. The current price of 1487.25 is below the 20-day moving average (MA) of 1538.37, below the 50-day MA of 1551.14, and below the 200-day MA of 1502.96, indicating a bullish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 54.65 is Neutral, neither overbought nor oversold. The STOCH value of 87.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASTRAL.
Astral Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹182.59B | 19.04 | ― | 6.86% | 7.01% | 1.50% | |
68 Neutral | ₹178.40B | -73.70 | ― | 1.16% | 2.95% | -143.51% | |
64 Neutral | ₹135.70B | 44.10 | ― | 0.45% | 6.96% | -2.06% | |
63 Neutral | ₹249.99B | 23.87 | ― | ― | 17.28% | -14.67% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹420.45B | 78.37 | ― | 0.26% | 12.62% | 2.48% | |
49 Neutral | ₹449.23B | 119.55 | ― | 0.50% | -7.58% | -55.33% |
* Consumer Defensive Sector Average
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Astral Limited Corporate Events
Astral to Take Up to 19% Stake in Vena Energy Unit for Captive Green Power
Mar 16, 2026
Astral Limited has entered into a Share Subscription and Shareholders’ Agreement with Vena Energy Sustainable Power Private Limited to subscribe to equity shares and qualify as a captive user of renewable electricity from Vena’s hybrid...
Astral to Engage Global Funds at UBS Emerging India Midcaps Day in Singapore
Mar 3, 2026
Astral Limited has scheduled one-to-one and group meetings with a roster of global institutional investors during the UBS Emerging India Midcaps Corporate Day in Singapore on 9 and 10 March 2026. The company disclosed that the interactions, which ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.