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    Astral Limited

    Makes PVC/CPVC pipes, bathware, water tanks, adhesives, sealants and paints from plants in India, UK and US.

    Capital Goods
    Industrials
    View ASTRAL earnings calls
    ₹1,377.8
    -6.36% from avg

    Overview

    Price

    ₹1,377.8

    Market Cap

    ₹39.4k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1520202727272727
    Reserves1.3k1.6k2.3k2.7k3.1k3.6k3.7k4.1k
    Borrowings12229351049113256100
    Other Liabilities4885488508991.0k1.0k1.2k1.4k
    Total Liabilities1.9k2.2k3.2k3.6k4.2k4.8k5.2k5.6k
    AssetsFixed Assets8228751.4k1.5k1.9k2.3k2.8k2.4k
    CWIP43521231261469618670
    Investments339334452873713716484
    Other Assets7389621.6k1.6k1.8k2.0k2.2k2.6k
    Total Assets1.9k2.2k3.2k3.6k4.2k4.8k5.2k5.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2893395155374867886201.1k
    Cash from Investing-266-241-35087-598-517-511-606
    Cash from Financing-7-141-116-56-121-99-95-189
    SummaryCapital Expenditure
    Free Cash Flow106152360199197267129710
    FCF Margin

    Valuation

    Assumptions

    Current — ASTRAL
    Price
    ₹1,468
    EPS (TTM)
    ₹22.75
    PE (TTM)
    64.5
    Profit growth
    9.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (80.2×) and current (64.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,468
    vs
    Fair value · 15% return
    ₹1,010
    31%Overvalued

    At 9.7% growth and a 65× exit, ₹1468 only delivers your return if you pay ₹1,010. The price is currently baking in 17% growth.

    EPS grows 9.7%/yr for 5 years, then fades to 6% over 2, exits at 65×.

    YearGrowthEPS (₹)
    FY279.7%24.96
    FY289.7%27.38
    FY299.7%30.03
    FY309.7%32.95
    FY319.7%36.14
    FY327.8% ·fade38.98
    FY336.0% ·fade41.32

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Astral Limited

    Guides on how to read this kind of business and the numbers that matter.