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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532830 | NSE: ASTRAL

Astral Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:57 am

Market Cap 44,612 Cr.
Current Price 1,661
High / Low 2,454/1,635
Stock P/E85.3
Book Value 125
Dividend Yield0.23 %
ROCE23.2 %
ROE18.0 %
Face Value 1.00
PEG Ratio5.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Astral Ltd

Competitors of Astral Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dutron Polymers Ltd 98.4 Cr. 164 233/14140.0 47.10.91 %13.2 %9.55 % 10.0
Captain Polyplast Ltd 613 Cr. 111 122/35.140.7 20.70.00 %18.9 %20.4 % 2.00
Captain Pipes Ltd 268 Cr. 18.2 24.5/14.061.5 1.890.00 %25.0 %17.4 % 1.00
Caprihans India Ltd 206 Cr. 157 239/131 3370.00 %1.54 %15.2 % 10.0
Ashish Polyplast Ltd 18.7 Cr. 55.0 95.4/19.017.2 20.90.00 %5.18 %3.47 % 10.0
Industry Average4,935.03N/A30.30N/AN/A13.6111.52N/A

All Competitor Stocks of Astral Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales1,1287011,2001,1031,3911,2131,1721,2681,5061,2831,3631,3701,625
Expenses8745719889051,1761,0421,0281,0811,1991,0821,1431,1651,334
Operating Profit254129212198215171144186307202220205291
OPM %23%18%18%18%15%14%12%15%20%16%16%15%18%
Other Income5486161414-2121213610
Interest151251314936888
Depreciation29313132334345464446495052
Profit before tax2299818717019312899130272162177154241
Tax %23%24%23%25%25%25%24%27%24%26%26%26%25%
Net Profit17675143128144967595206119132113181
EPS in Rs6.522.765.274.755.283.322.573.467.664.464.884.236.76

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales8021,0571,4101,6781,8952,0732,5072,5783,1764,3945,1585,641
Expenses6879021,2421,4701,6331,7592,1262,1362,5393,6404,3494,723
Operating Profit115155168208261314382442638754810918
OPM %14%15%12%12%14%15%15%17%20%17%16%16%
Other Income223-4813151125353742
Interest193125301822323913134029
Depreciation18223642505781108116127178198
Profit before tax80105110132201248283306533648628734
Tax %24%24%29%22%28%29%30%18%23%24%25%26%
Net Profit617978102145176197250408490472546
EPS in Rs1.211.262.893.795.446.587.369.2515.1018.0617.0020.33
Dividend Payout %5%5%6%5%5%4%4%6%10%12%21%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)29.51%-1.27%30.77%42.16%21.38%11.93%26.90%63.20%20.10%-3.67%15.68%
Change in YoY Net Profit Growth (%)0.00%-30.77%32.04%11.39%-20.78%-9.45%14.97%36.30%-43.10%-23.77%19.35%

Astral Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:21%
TTM:6%
Compounded Profit Growth
10 Years:21%
5 Years:22%
3 Years:10%
TTM:-4%
Stock Price CAGR
10 Years:25%
5 Years:21%
3 Years:-1%
1 Year:-13%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:19%
Last Year:18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:40 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11111212121212152020272727
Reserves2303046076968351,0061,2661,4881,8762,3162,6843,1613,341
Borrowings92142203197229189275191809887119198
Other Liabilities2112373443973864685465956979521,5641,1881,148
Total Liabilities5446941,1651,3011,4621,6752,0992,2892,6733,3874,3624,4964,714
Fixed Assets2152895576457418421,1051,2551,3141,4961,9502,2992,463
CWIP12827152573814457123126151186
Investments00000000000015
Other Assets3173975826416957599139901,3021,7682,2862,0462,051
Total Assets5446941,1651,3011,4621,6752,0992,2892,6733,3874,3624,4964,714

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +6567117226114282342405664543557823
Cash from Investing Activity +-67-91-343-203-158-185-291-318-45472-478-541
Cash from Financing Activity +-22132371612-71-5-163-153-44-191-202
Net Cash Flow-24-111138-322546-7557571-11280

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow23.0013.00-35.0011.0032.00125.00107.00251.00558.00656.00723.00799.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days485060496554493232222524
Inventory Days95929284769488124889196100
Days Payable10787939680928610996938895
Cash Conversion Cycle365560386156514723203329
Working Capital Days315664304738324218182021
ROCE %32%34%21%18%22%23%23%21%29%29%24%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters55.73%55.73%55.73%55.73%55.85%55.85%55.85%55.85%55.85%54.10%54.10%54.10%
FIIs21.32%19.85%17.79%16.07%16.26%14.88%13.86%15.65%18.50%19.79%21.22%22.48%
DIIs10.72%11.62%12.70%13.60%14.37%15.23%16.50%15.87%13.21%13.66%12.85%12.45%
Public12.23%12.80%13.78%14.60%13.53%14.04%13.79%12.64%12.44%12.44%11.81%10.96%
No. of Shareholders1,71,5661,99,7562,41,9312,72,6802,70,0453,03,2813,19,8992,92,6722,95,4562,93,6022,85,6882,62,050

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis ELSS Tax Saver Fund3,518,7532.09745.312,909,9162024-12-2720.92%
UTI Flexi Cap Fund3,172,9302.77672.062,909,9162024-12-279.04%
Axis Midcap Fund2,909,9162.31616.352,909,9162024-12-270%
Nippon India Growth Fund1,903,1491.5403.112,909,9162024-12-27-34.6%
UTI Mid Cap Fund956,1901.93202.532,909,9162024-12-27-67.14%
PGIM India Midcap Opportunities Fund749,0001.56158.652,909,9162024-12-27-74.26%
Axis Growth Opportunities Fund622,4151.09131.832,909,9162024-12-27-78.61%
Axis Flexi Cap Fund584,6961.03123.842,909,9162024-12-27-79.91%
Sundaram Mid Cap Fund505,5811107.092,909,9162024-12-27-82.63%
Sundaram Mid Cap Fund - Institutional Plan505,5811107.092,909,9162024-12-27-82.63%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)20.3317.0024.0820.1316.45
Diluted EPS (Rs.)20.3317.0024.0820.1316.45
Cash EPS (Rs.)27.6324.2430.8126.4523.78
Book Value[Excl.RevalReserv]/Share (Rs.)121.46109.95117.5795.31100.56
Book Value[Incl.RevalReserv]/Share (Rs.)121.51110.00117.6395.37100.64
Revenue From Operations / Share (Rs.)209.72191.77218.61158.02170.72
PBDIT / Share (Rs.)35.7031.1039.3133.3130.13
PBIT / Share (Rs.)28.3624.4833.0027.5222.99
PBT / Share (Rs.)27.2722.9332.3626.8720.38
Net Profit / Share (Rs.)20.2917.6224.4920.6616.64
NP After MI And SOA / Share (Rs.)20.3016.9724.0720.1216.42
PBDIT Margin (%)17.0216.2117.9821.0817.65
PBIT Margin (%)13.5212.7615.0917.4113.46
PBT Margin (%)13.0011.9514.8017.0011.93
Net Profit Margin (%)9.679.1811.2013.079.74
NP After MI And SOA Margin (%)9.688.8511.0112.739.61
Return on Networth / Equity (%)17.1316.8420.7121.3416.50
Return on Capital Employeed (%)22.5921.6627.1127.8720.72
Return On Assets (%)12.1410.4414.2815.1310.82
Long Term Debt / Equity (X)0.010.010.010.010.07
Total Debt / Equity (X)0.030.020.030.020.08
Asset Turnover Ratio (%)1.271.321.271.101.01
Current Ratio (X)1.771.691.851.841.57
Quick Ratio (X)0.951.031.081.160.68
Inventory Turnover Ratio (X)3.893.994.593.233.15
Dividend Payout Ratio (NP) (%)18.4313.209.343.739.68
Dividend Payout Ratio (CP) (%)13.549.507.402.896.74
Earning Retention Ratio (%)81.5786.8090.6696.2790.32
Cash Earning Retention Ratio (%)86.4690.5092.6097.1193.26
Interest Coverage Ratio (X)33.0020.9161.2651.1111.55
Interest Coverage Ratio (Post Tax) (X)19.7512.5739.1632.697.38
Enterprise Value (Cr.)53110.3135606.8640137.4232080.5713972.90
EV / Net Operating Revenue (X)9.416.909.1310.105.42
EV / EBITDA (X)55.3042.5650.7947.9130.71
MarketCap / Net Operating Revenue (X)9.496.979.2510.235.41
Retention Ratios (%)81.5686.7990.6596.2690.31
Price / BV (X)16.8013.2717.4117.159.30
Price / Net Operating Revenue (X)9.496.979.2510.235.41
EarningsYield0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Astral Ltd as of December 31, 2024 is: 1,923.66

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, Astral Ltd is Undervalued by 15.81% compared to the current share price 1,661.00

Intrinsic Value of Astral Ltd as of December 31, 2024 is: 2,251.79

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Astral Ltd is Undervalued by 35.57% compared to the current share price 1,661.00

Last 5 Year EPS CAGR: 17.06%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.92%, which is a positive sign.
  2. The company has higher reserves (1,523.85 cr) compared to borrowings (161.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (69.08 cr) and profit (334.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 34.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 42.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Astral Ltd:
    1. Net Profit Margin: 9.67%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 22.59% (Industry Average ROCE: 13.61%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17.13% (Industry Average ROE: 11.52%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 19.75
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.95
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 85.3 (Industry average Stock P/E: 30.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Astral Ltd. is a Public Limited Listed company incorporated on 25/03/1996 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25200GJ1996PLC029134 and registration number is 029134. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 3443.30 Cr. and Equity Capital is Rs. 20.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsAstral House 207/1, B/h. Rajpath Club, Ahmedabad Gujarat 380059info@astralpipes.com
http://www.astralltd.com
Management
NamePosition Held
Mr. Sandeep P EngineerChairman & Managing Director
Mrs. Jagruti S EngineerWhole Time Director
Mr. Girish B JoshiWhole Time Director
Mrs. Kaushal D NakraniIndependent Director
Mr. Viral M JhaveriIndependent Director
Mr. C K GopalIndependent Director
Mr. Chetas DesaiIndependent Director
Mr. Dhinal ShahIndependent Director
Mr. Kairav EngineerWhole Time Director
Mr. Hiranand SavlaniWhole Time Director

FAQ

What is the latest intrinsic value of Astral Ltd?

The latest intrinsic value of Astral Ltd as on 31 December 2024 is ₹1923.66, which is 15.81% higher than the current market price of ₹1,661.00. The stock has a market capitalization of 44,612 Cr. and recorded a high/low of 2,454/1,635 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,341 Cr and total liabilities of ₹4,714 Cr.

What is the Market Cap of Astral Ltd?

The Market Cap of Astral Ltd is 44,612 Cr..

What is the current Stock Price of Astral Ltd as on 31 December 2024?

The current stock price of Astral Ltd as on 31 December 2024 is 1,661.

What is the High / Low of Astral Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Astral Ltd stocks is 2,454/1,635.

What is the Stock P/E of Astral Ltd?

The Stock P/E of Astral Ltd is 85.3.

What is the Book Value of Astral Ltd?

The Book Value of Astral Ltd is 125.

What is the Dividend Yield of Astral Ltd?

The Dividend Yield of Astral Ltd is 0.23 %.

What is the ROCE of Astral Ltd?

The ROCE of Astral Ltd is 23.2 %.

What is the ROE of Astral Ltd?

The ROE of Astral Ltd is 18.0 %.

What is the Face Value of Astral Ltd?

The Face Value of Astral Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Astral Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE