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Last Updated: April 2, 2026, 2:38 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532830 | NSE: ASTRAL

Astral Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,379.81Overvalued by 12.11%vs CMP ₹1,570.00

P/E (81.9) × ROE (14.9%) × BV (₹141.00) × DY (0.24%)

₹501.56Overvalued by 68.05%vs CMP ₹1,570.00
MoS: -213% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,389.7522%Over (-11.5%)
Graham NumberEarnings₹243.7016%Over (-84.5%)
Earnings PowerEarnings₹150.4013%Over (-90.4%)
DCFCash Flow₹201.1813%Over (-87.2%)
Net Asset ValueAssets₹140.537%Over (-91%)
EV/EBITDAEnterprise₹521.479%Over (-66.8%)
Earnings YieldEarnings₹187.207%Over (-88.1%)
ROCE CapitalReturns₹348.509%Over (-77.8%)
Revenue MultipleRevenue₹325.575%Over (-79.3%)
Consensus (9 models)₹501.56100%Overvalued
Key Drivers: Wide model spread (₹141–₹1,390) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.7%

*Investments are subject to market risks

Investment Snapshot

61
Astral Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 19.7% GoodROE 14.9% GoodD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -4.96% (6mo) SellingDII holding up 4.59% MF buyingPromoter holding at 54.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 16% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +7% YoY GrowingProfit (4Q): -4% YoY Declining
Industry Rank65/100 · Strong
P/E 81.9 vs industry 54.0 Premium to peersROCE 19.7% vs industry 10.4% Above peersROE 14.9% vs industry 10.6% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Astral Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 81.9 vs Ind 54.0 | ROCE 19.7% | ROE 14.9% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.02x | IntCov 0.0x | Current 1.84x | Borrow/Reserve 0.07x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹519 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.40 pp | DII +1.70 pp | Prom +0.01 pp
Business Momentum
-30
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -2.2% | Q NP -20.0% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-68.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.07xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.40 ppLatest FII% minus previous FII%
DII Change+1.70 ppLatest DII% minus previous DII%
Promoter Change+0.01 ppLatest promoter% minus previous promoter%
Shareholder Count Change-17,856Latest shareholder count minus previous count
Quarterly Sales Change-2.2%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-20.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:38 am

Market Cap 42,186 Cr.
Current Price 1,570
Intrinsic Value₹501.56
High / Low 1,769/1,235
Stock P/E81.9
Book Value 141
Dividend Yield0.24 %
ROCE19.7 %
ROE14.9 %
Face Value 1.00
PEG Ratio113.68

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

View Share Price Target for Astral Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Astral Ltd 42,186 Cr. 1,570 1,769/1,23581.9 1410.24 %19.7 %14.9 % 1.00
Prince Pipes & Fittings Ltd 2,469 Cr. 223 388/20557.0 1440.22 %3.85 %2.73 % 10.0
Apollo Pipes Ltd 1,885 Cr. 428 495/252102 1910.16 %6.78 %4.30 % 10.0
Prakash Pipes Ltd 432 Cr. 181 480/16310.8 1911.33 %26.8 %20.5 % 10.0
Captain Polyplast Ltd 392 Cr. 65.1 96.0/52.717.3 28.00.00 %16.1 %15.0 % 2.00
Industry Average6,800.71 Cr210.0254.0187.370.26%10.40%10.62%8.00

All Competitor Stocks of Astral Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,2681,5061,2831,3631,3701,6251,3841,3701,3971,6811,3611,5771,542
Expenses 1,0811,1991,0821,1431,1651,3341,1691,1601,1781,3801,1761,3211,304
Operating Profit 186307202220205291214210219302185257237
OPM % 15%20%16%16%15%18%16%15%16%18%14%16%15%
Other Income -2121213610129129911-7
Interest 9368888101410121613
Depreciation 46444649505256606365727273
Profit before tax 130272162177154241163149154236110180144
Tax % 27%24%26%26%26%25%27%27%27%25%28%25%25%
Net Profit 9520611913211318112010911317879135108
EPS in Rs 3.467.664.464.884.236.764.484.094.256.673.025.024.01

Last Updated: February 6, 2026, 3:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0571,4101,6781,8952,0732,5072,5783,1764,3945,1585,6415,8326,162
Expenses 9021,2421,4701,6331,7592,1262,1362,5393,6404,3494,7174,8865,181
Operating Profit 155168208261314382442638754810925946981
OPM % 15%12%12%14%15%15%17%20%17%16%16%16%16%
Other Income 23-48131511253537364122
Interest 31253018223239131340294150
Depreciation 223642505781108116127178198243282
Profit before tax 105110132201248283306533648628734702670
Tax % 24%29%22%28%29%30%18%23%24%25%26%26%
Net Profit 7978102145176197250408490472546519500
EPS in Rs 1.262.893.795.446.587.369.2515.1018.0617.0020.3319.5018.72
Dividend Payout % 5%6%5%5%4%4%6%10%12%21%18%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-1.27%30.77%42.16%21.38%11.93%26.90%63.20%20.10%-3.67%15.68%-4.95%
Change in YoY Net Profit Growth (%)0.00%32.04%11.39%-20.78%-9.45%14.97%36.30%-43.10%-23.77%19.35%-20.62%

Astral Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:18%
3 Years:10%
TTM:1%
Compounded Profit Growth
10 Years:21%
5 Years:15%
3 Years:2%
TTM:-11%
Stock Price CAGR
10 Years:23%
5 Years:16%
3 Years:-6%
1 Year:-27%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:17%
Last Year:15%

Last Updated: September 4, 2025, 11:55 pm

Balance Sheet

Last Updated: December 4, 2025, 12:59 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11121212121215202027272727
Reserves 3046076968351,0061,2661,4881,8762,3162,6843,1613,5903,749
Borrowings 142203197229189275191809887119233256
Other Liabilities 2373443973864685465956979521,5641,1881,1981,166
Total Liabilities 6941,1651,3011,4621,6752,0992,2892,6733,3874,3624,4965,0485,198
Fixed Assets 2895576457418421,1051,2551,3141,4961,9502,2992,7122,773
CWIP 827152573814457123126151116186
Investments 0000000000006
Other Assets 3975826416957599139901,3021,7682,2862,0462,2202,233
Total Assets 6941,1651,3011,4621,6752,0992,2892,6733,3874,3624,4965,0485,198

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 67117226114282342405664543557823630
Cash from Investing Activity + -91-343-203-158-185-291-318-45472-478-541-513
Cash from Financing Activity + 132371612-71-5-163-153-44-191-202-118
Net Cash Flow -111138-322546-7557571-11280-1
Free Cash Flow -253291-459812219249319824727390
CFO/OP 58%85%123%60%110%110%110%122%94%89%108%85%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow13.00-35.0011.0032.00125.00107.00251.00558.00656.00723.00806.00713.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 506049655449323222252427
Inventory Days 929284769488124889196100109
Days Payable 8793968092861099693889592
Cash Conversion Cycle 556038615651472320332944
Working Capital Days 566430393727421213171625
ROCE %34%21%18%22%23%23%21%29%29%24%23%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.85%55.85%55.85%54.10%54.10%54.10%54.10%54.10%54.10%54.10%54.21%54.22%
FIIs 13.86%15.65%18.50%19.79%21.22%22.48%22.32%21.07%20.17%20.15%16.61%15.21%
DIIs 16.50%15.87%13.21%13.66%12.85%12.45%12.48%13.76%14.60%14.71%17.49%19.19%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.15%0.15%0.20%0.30%0.34%
Public 13.79%12.64%12.44%12.44%11.81%10.96%11.11%10.90%10.97%10.85%11.38%11.03%
No. of Shareholders 3,19,8992,92,6722,95,4562,93,6022,85,6882,62,0502,93,9112,97,5273,09,7142,98,4562,97,5822,79,726

Shareholding Pattern Chart

No. of Shareholders

Astral Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 5,200,000 0.95 767.834,681,5002026-01-26 03:33:3311.08%
UTI Flexi Cap Fund 3,202,100 2.01 472.823,218,9752026-02-23 08:35:29-0.52%
Nippon India Growth Mid Cap Fund 2,000,000 0.71 295.32N/AN/AN/A
UTI Mid Cap Fund 1,133,232 1.46 167.331,048,9042026-01-26 03:33:338.04%
PGIM India Midcap Fund 976,625 1.34 144.21N/AN/AN/A
UTI Large Cap Fund 923,716 1.06 136.4892,5532025-12-15 02:34:473.49%
Aditya Birla Sun Life Large and Mid Cap Fund 847,991 2.21 125.21809,8392025-12-15 08:18:284.71%
Franklin India Mid Cap Fund 775,000 0.94 114.44N/AN/AN/A
Axis Midcap Fund 634,381 0.3 93.672,909,9162025-12-08 07:12:11-78.2%
Mahindra Manulife Mid Cap Fund 606,326 2.1 89.53N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 19.5020.3317.0024.0820.13
Diluted EPS (Rs.) 19.5020.3317.0024.0820.13
Cash EPS (Rs.) 28.3427.6324.2430.8126.45
Book Value[Excl.RevalReserv]/Share (Rs.) 134.42121.46109.95117.5795.31
Book Value[Incl.RevalReserv]/Share (Rs.) 134.46121.51110.00117.6395.37
Revenue From Operations / Share (Rs.) 216.82209.72191.77218.61158.02
PBDIT / Share (Rs.) 36.7035.7031.1039.3133.31
PBIT / Share (Rs.) 27.6528.3624.4833.0027.52
PBT / Share (Rs.) 26.1227.2722.9332.3626.87
Net Profit / Share (Rs.) 19.2920.2917.6224.4920.66
NP After MI And SOA / Share (Rs.) 19.4720.3016.9724.0720.12
PBDIT Margin (%) 16.9217.0216.2117.9821.08
PBIT Margin (%) 12.7513.5212.7615.0917.41
PBT Margin (%) 12.0413.0011.9514.8017.00
Net Profit Margin (%) 8.899.679.1811.2013.07
NP After MI And SOA Margin (%) 8.989.688.8511.0112.73
Return on Networth / Equity (%) 14.4817.1316.8420.7121.34
Return on Capital Employeed (%) 19.0022.5921.6627.1127.87
Return On Assets (%) 10.3512.1410.4414.2815.13
Long Term Debt / Equity (X) 0.020.010.010.010.01
Total Debt / Equity (X) 0.030.030.020.030.02
Asset Turnover Ratio (%) 1.221.271.321.271.10
Current Ratio (X) 1.881.771.691.851.84
Quick Ratio (X) 0.990.951.031.081.16
Inventory Turnover Ratio (X) 6.063.893.994.593.23
Dividend Payout Ratio (NP) (%) 19.2218.4313.209.343.73
Dividend Payout Ratio (CP) (%) 13.1213.549.507.402.89
Earning Retention Ratio (%) 80.7881.5786.8090.6696.27
Cash Earning Retention Ratio (%) 86.8886.4690.5092.6097.11
Interest Coverage Ratio (X) 23.9033.0020.9161.2651.11
Interest Coverage Ratio (Post Tax) (X) 13.5619.7512.5739.1632.69
Enterprise Value (Cr.) 34390.3153110.3135606.8640137.4232080.57
EV / Net Operating Revenue (X) 5.909.416.909.1310.10
EV / EBITDA (X) 34.8455.3042.5650.7947.91
MarketCap / Net Operating Revenue (X) 5.969.496.979.2510.23
Retention Ratios (%) 80.7781.5686.7990.6596.26
Price / BV (X) 9.6216.8013.2717.4117.15
Price / Net Operating Revenue (X) 5.969.496.979.2510.23
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 other chemical products. Company's Total Operating Revenue is Rs. 5295.90 Cr. and Equity Capital is Rs. 26.90 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & FittingsAstral House 207/1, B/h. Rajpath Club, Ahmedabad Gujarat 380059Contact not found
Management
NamePosition Held
Mr. Sandeep P EngineerChairman & Managing Director
Mr. Hiranand SavlaniWholeTime Director & CFO
Mrs. Jagruti S EngineerWhole Time Director
Mr. Girish B JoshiWhole Time Director
Mr. Kairav EngineerWhole 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

FAQ

What is the intrinsic value of Astral Ltd and is it undervalued?

As of 05 April 2026, Astral Ltd's intrinsic value is ₹501.56, which is 68.05% lower than the current market price of ₹1,570.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.9 %), book value (₹141), dividend yield (0.24 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Astral Ltd?

Astral Ltd is trading at ₹1,570.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,769 and low of ₹1,235. The stock is currently in the middle of its 52-week range. Market cap stands at ₹42,186 Cr..

How does Astral Ltd's P/E ratio compare to its industry?

Astral Ltd has a P/E ratio of 81.9, which is above the industry average of 54.01. The premium over industry average may reflect growth expectations or speculative interest.

Is Astral Ltd financially healthy?

Key indicators for Astral Ltd: ROCE of 19.7 % indicates efficient capital utilization. Dividend yield is 0.24 %.

Is Astral Ltd profitable and how is the profit trend?

Astral Ltd reported a net profit of ₹519 Cr in Mar 2025 on revenue of ₹5,832 Cr. Compared to ₹490 Cr in Mar 2022, the net profit shows an improving trend.

Does Astral Ltd pay dividends?

Astral Ltd has a dividend yield of 0.24 % at the current price of ₹1,570.00. The company pays dividends, though the yield is modest.

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
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