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ASTRAL - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.7

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 2.7

Stock Code ASTRAL Market Cap 44,838 Cr. Current Price 1,669 ₹ High / Low 1,769 ₹
Stock P/E 77.9 Book Value 141 ₹ Dividend Yield 0.22 % ROCE 22.3 %
ROE 16.4 % Face Value 1.00 ₹ DMA 50 1,579 ₹ DMA 200 1,510 ₹
Chg in FII Hold -1.40 % Chg in DII Hold 1.70 % PAT Qtr 139 Cr. PAT Prev Qtr 150 Cr.
RSI 55.3 MACD 27.7 Volume 5,11,700 Avg Vol 1Wk 7,69,010
Low price 1,235 ₹ High price 1,769 ₹ PEG Ratio 12.2 Debt to equity 0.03
52w Index 81.3 % Qtr Profit Var 10.5 % EPS 21.0 ₹ Industry PE 21.2

📊 Financial Overview

  • Revenue & Profitability: PAT improved slightly (139 Cr. vs 150 Cr. prior), showing modest growth (+10.5%).
  • Margins & Returns: ROCE at 22.3% and ROE at 16.4% indicate healthy but not exceptional efficiency.
  • Debt: Very low debt-to-equity ratio (0.03), strong balance sheet stability.
  • Cash Flow: Conservative leverage supports long-term sustainability.

💹 Valuation Metrics

  • P/E Ratio: 77.9 vs Industry PE of 21.2 → Overvalued.
  • P/B Ratio: Current Price ₹1,669 vs Book Value ₹141 → Highly stretched.
  • PEG Ratio: 12.2 → Suggests poor valuation relative to earnings growth.
  • Intrinsic Value: Current price significantly above fair value zone.

🏢 Business Model & Competitive Advantage

  • Strong brand presence in building materials and piping solutions.
  • Efficient capital allocation with consistent profitability.
  • However, valuation multiples are far above peers, limiting upside.

📈 Entry Zone Recommendation

  • Technicals: RSI at 55.3 (neutral), MACD positive, price above 50DMA & 200DMA.
  • Suggested entry zone: ₹1,250–₹1,400 if valuation cools down.
  • Long-term holding viable only if earnings growth accelerates and valuation aligns closer to industry averages.


✅ Positive

  • Strong ROCE and ROE.
  • Low debt-to-equity ratio.
  • Consistent profitability with modest growth.

⚠️ Limitation

  • High P/E and P/B ratios make it significantly overvalued.
  • PEG ratio (12.2) indicates poor valuation relative to growth.
  • Low dividend yield (0.22%).

📉 Company Negative News

  • FII holding reduced (-1.40%).
  • Valuation multiples far exceed industry norms.

📈 Company Positive News

  • DII holding increased (+1.70%).
  • Quarterly profit growth (+10.5%).

🏭 Industry

  • Industry PE at 21.2, much lower than company’s 77.9.
  • Sector growth stable, but company valuation far exceeds peers.

🔎 Conclusion

  • Astral shows strong fundamentals in capital efficiency and profitability but is trading at unsustainable valuations.
  • Profit growth is modest, but valuation multiples are stretched.
  • Best strategy: Wait for correction towards ₹1,250–₹1,400 before entry.
  • Long-term holding viable only if earnings growth accelerates and valuation normalizes.

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