Astral Ltd
About
Astral Pipes is a Gujarat-born piping technologies company, aimed at innovating on existing and new products in the industry. It is known for its polyvinyl chloride, chlorinated polyvinyl chloride, and unplasticized polyvinyl chloride pipes. Its 14 manufacturing facilities in India in Maharashtra, Rajasthan, Gujarat, and Tamil Nadu are equipped with automated handling and feeding systems. Its products and stores can be found in 12 major Indian cities like Delhi, Mumbai, and Jaipur. Through its 5 major verticals—Astral Adhesives, Astral Paints, Astral Bathware, TruBuild, and BondIt—Astral provides plumbing, industrial, and agricultural pipes & fittings, fire sprinklers, ancillary products, insulation tubes, water tanks, cable protection, solvent cements, and more. The company has now come to be associated with 3 IPL teams, namely Chennai Super Kings, Gujarat Titans, and Mumbai Indians.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5770 11.3% | 5186 13.7% | 4562 44.7% | 3152 18.5% | 2660 3.7% | 2565 21.9% | 2104 10.4% | 1906 11.9% | 1704 20.0% | 1420 27.4% | 1115 31.2% | 850 39.4% | 609 47.6% | 413 32.7% | 311 46.3% | 213 - |
| Net Operating Income (INR Cr) | 5641 9.36% | 5159 17.40% | 4394 38.34% | 3176 23.21% | 2578 2.82% | 2507 20.95% | 2073 9.41% | 1895 12.93% | 1678 17.34% | 1430 32.44% | 1080 30.83% | 825 41.62% | 583 41.69% | 411 41.63% | 290 50.72% | 193 0.00% |
| Profit (INR Cr) | 546 19.6% | 457 -5.6% | 484 19.6% | 404 63.1% | 248 26.6% | 196 11.8% | 175 21.0% | 145 43.3% | 101 33.0% | 76 -3.8% | 79 30.2% | 61 53.5% | 39 20.3% | 33 18.5% | 28 98.0% | 14 - |
| Assets (INR Cr) | 3393 11.3% | 3049 23.7% | 2464 23.2% | 2000 16.7% | 1713 9.1% | 1571 28.5% | 1222 12.2% | 1089 18.5% | 920 9.6% | 839 83.2% | 458 37.2% | 334 20.2% | 278 42.1% | 196 23.0% | 159 20.8% | 132 - |
| Net Worth (INR Cr) | 3187 17.6% | 2710 16.0% | 2335 23.3% | 1895 26.2% | 1502 17.6% | 1277 25.5% | 1017 20.3% | 846 19.6% | 707 14.5% | 618 96.6% | 314 30.8% | 240 31.3% | 183 24.9% | 146 25.7% | 116 27.5% | 91 0.0% |
| Employee Cost (INR Cr) | 438 37.3% | 319 30.2% | 245 28.4% | 191 9.0% | 175 26.0% | 139 30.6% | 106 20.1% | 89 18.2% | 75 56.1% | 48 96.5% | 24 18.3% | 21 36.3% | 15 41.8% | 11 28.2% | 8 26.9% | 7 - |
| Interest Cost (INR Cr) | 29 | 40 | 13 | 13 | 39 | 32 | 22 | 18 | 30 | 25 | 31 | 19 | 23 | 4 | 5 | 5 |
| Cash & Bank Balance (INR Cr) | 610 | 682 | 642 | 476 | 130 | 98 | 44 | 18 | 50 | 12 | 1 | 12 | 36 | 10 | 4 | 2 |
| Total Debt (INR Cr) | 119 | 87 | 98 | 80 | 191 | 275 | 189 | 229 | 197 | 203 | 142 | 92 | 94 | 48 | 41 | 39 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.5% | 8.8% | 10.6% | 12.8% | 9.3% | 7.6% | 8.3% | 7.6% | 5.9% | 5.4% | 7.1% | 7.1% | 6.5% | 8.0% | 8.9% | 6.6% |
| Profit As % Of Assets | 16.1% | 15.0% | 19.6% | 20.2% | 14.5% | 12.5% | 14.3% | 13.3% | 11.0% | 9.0% | 17.2% | 18.2% | 14.2% | 16.8% | 17.4% | 10.6% |
| Profit As % Of Networth | 17.1% | 16.9% | 20.7% | 21.3% | 16.5% | 15.3% | 17.2% | 17.1% | 14.3% | 12.3% | 25.1% | 25.2% | 21.6% | 22.4% | 23.8% | 15.3% |
| Interest Cost to EBITDA % | 3.2% | 5.0% | 1.7% | 2.1% | 8.9% | 8.4% | 6.9% | 7.1% | 14.6% | 15.1% | 20.1% | 16.6% | 27.5% | 8.0% | 11.8% | 24.3% |
| Debt to Equity Ratio | 0.04 | 0.03 | 0.04 | 0.04 | 0.13 | 0.22 | 0.19 | 0.27 | 0.28 | 0.33 | 0.45 | 0.38 | 0.51 | 0.33 | 0.35 | 0.43 |
| RONW | 18.5% | 18.7% | 23.2% | 24.0% | 18.0% | 17.2% | 18.9% | 18.6% | 15.4% | 16.8% | 28.6% | 28.8% | 24.0% | 25.0% | 26.7% | 15.3% |
| ROCE | 25.0% | 25.5% | 30.0% | 29.7% | 21.3% | 22.8% | 23.6% | 22.1% | 18.7% | 21.1% | 34.4% | 32.5% | 30.9% | 26.0% | 26.6% | 16.4% |