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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Astral Limited is an India-based company engaged in the manufacturing of chlorinated polyvinyl chloride (CPVC) pipes and fittings. The Company operates in two segments: Plumbing and Paints and Adhesives. Its products and offerings include pipes and fittings, bathware, water…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, slow-growing business, trading cheap versus its own history.
Astral is scored on the general / industrial framework. It keeps a slim 8.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.09× reported profit. Free cash flow is worth about 1.8% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 4%/yr. Book value has grown 11%/yr. Return on equity is a healthy 13.4%. In the latest quarter profit fell 44% versus the prior quarter.
At 63× earnings, the stock sits at the 1st percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~24%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 59.29 | 38.06 | worse |
| P/B | 7.95 | 2 | worse |
| EV/EBITDA | 32.35 | 9.92 | worse |
| ROE | 13.4 | 8.42 | better |
| ROCE | 18.15 | 7 | better |
| ROA | 9.67 | — | — |
| Quick Ratio | 1.02 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Supreme Industries | 35.5 | 6.3 | 17.7% |
| Shaily ENG Plastics | 75.0 | 16.8 | 22.4% |
| Kingfa Science & Technology India | 35.6 | 5.8 | 15.4% |
Revenue has grown every year across all 4 financial years shown. 8% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (8% vs 4%) — costs are rising faster than the top line.
Operating margins have been stable around 11% — no major structural shift.
ROE at 13% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
6% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.1× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 24% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 18% above earlier ones.
Profit fell 44% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 54.2% — majority control intact. FIIs trimmed 4.1pp — foreign money is rotating out. MF holding up 3.6pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.