Astral Poly Technik

Lower growth, lack of valuation comfort to weigh on pipes maker Astral

Plumbing revenue was up 8 per cent year-on-year (Y-o-Y) and was lower than Street estimates due to lower volume growth at 16 per cent, compared to 23 per cent in Q4FY24

Astral Q2FY24 result: Consolidated net profit up 82% YoY to Rs 131.7 cr

The revenue from operations for Q2FY24 came in at Rs 1,363 crore, compared to Rs 1,171.6 crore year-on-year

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Astral's high growth prospects reflect well in its high valuation

After gaining 40% already in FY24, the stock is trading at a PE of over 100x

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Near term margins may remain subdued for plastic pipe maker Astral

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Input cost volatility to keep plastic pipe maker Astral's margins in check

Market share gain continues, company seeks to double consolidated revenues in five years

Near-term growth on market share gains to remain robust for Astral Poly

Valuations, PVC price moderation may, however, keep the stock under pressure

Astral Poly Technik extends fall as stock turns ex-bonus in ratio of 1:3

Astral Poly Technik has outperformed the market by surging 59 per cent in the past three months, against 6.6 per cent gain in the Sensex

Astral Poly jumps 5% on fixing record date for 1:3 bonus share issue

The company has fixed March 19 as the record date for the 1:3 bonus share issue

Astral Poly Technik gains 5% in weak market as firm to consider bonus issue

The company's board of directors is scheduled to meet on February 3, 2021, to consider proposal for issue of bonus equity shares

Astral Poly Technik adds a new growth engine in plastic tanks

Analysts positive on its foray, given the large industry size and synergy with existing business

Astral Poly Technik gains 4% on healthy operational performance in Q2

The management said the recovery in pipe segments has picked up momentum from September 2020 onwards

Pidilite Industries: Investors advised to look at the stock on dips

Recovery in domestic growth and lower input costs should aid margin improvement

Astral Poly Technik tanks 17% after 2.6% equity changes hands in block deal

Thus far in the calendar year 2019, Astral Poly Technik has outperformed the market by surging 27 per cent, as compared to a marginal 0.07 per cent rise in the S&P BSE Sensex till Thursday.

Astral to invest Rs 70 crore for new production facility in Rajasthan

The company will be manufacturing pipes and fitting materials at the Rajasthan plant