Astral Ltd.
Infrastructure · NSE
52-week range
₹1,247 – ₹1,769
From 52w high
-11.3%
RSI (14)
49.6
vs SMA 50 / 200
↓ 50 · ↑ 200
Astral Limited (NSE: ASTRAL) is an Infrastructure-sector pipes and adhesives manufacturer trading at Rs 1,569.8, up 21.1% over the past year. The company carries a trailing PE of 84.2 on a profit margin of 8.16% and a debt-to-equity ratio of 6.769 with a rising debt trend. A board meeting is scheduled for May 18, 2026 to approve FY26 financial results and dividend.
- ✓Revenue has grown at 10.3% CAGR over 5 years, indicating consistent top-line expansion even as earnings growth has lagged.
- ✓FCF was positive in 4 of the available fiscal years, showing the business has generated cash in most periods despite capital expenditure cycles.
- ✓Price is above the 200-DMA (Rs 1,486.0), and the 1-year return of 21.1% reflects price momentum over the period.
- ✓Forward PE of 58.1 is materially lower than the trailing PE of 84.2, reflecting analyst consensus expectation of earnings improvement; mean analyst rating of 1.75 across 28 analysts (1-5 scale, lower = more constructive).
- ✗5-year earnings CAGR of -5.6% alongside 10.3% revenue growth signals sustained margin compression — earnings have not kept pace with top-line expansion over the measurement window.
- ✗D/E of 6.769 with a rising debt trend is the most prominent leverage concern; this level of financial gearing amplifies downside in an earnings-miss scenario.
- ✗Quality score of 22 ranks last (6th of 6) among sector peers, and ROE exceeded 15% in only 3 of the available historical years, indicating inconsistent capital efficiency over the long run.
- ✗Trailing PE of 84.2 is the second-highest in the peer group (behind CGPOWER at 113.8), pricing in significant earnings recovery — any shortfall in FY26 results could pressure the multiple.
- ·A board meeting is scheduled for May 18, 2026 to approve FY26 financial results and dividend, followed by an analyst meet on May 20, 2026 — near-term earnings visibility will improve materially around these dates.
- ·Trade Brains (Apr 15, 2026) questioned whether Astral is positioned for an earnings comeback following a capex peak, framing the investment debate around post-capex margin normalisation.
- ·Geojit Financial Services published a note with a specific price target on Apr 13, 2026, reflecting active sell-side coverage; the mean analyst rating of 1.75 across 28 analysts (1-5 scale, lower = more constructive) reflects a range of views on the earnings recovery thesis.
- ?To what extent does the rising D/E ratio reflect productive capex investment versus balance-sheet stress, and what is management's stated plan for debt reduction?
- ?If FY26 results confirm margin normalisation post-capex, does the 5-year earnings decline trend reverse, and over what timeline has management guided?
- ?How does Astral's 8.16% profit margin compare to its own historical range, and what operating levers (pricing, raw-material costs, channel mix) could move it materially in either direction?
- ?Given the last-ranked quality score among peers and a PE above most of the group, what specific milestones would indicate that the earnings recovery embedded in the forward PE is on track?
PE
84.2
Forward PE
58.1
ROE
—
Profit margin
+8.2%
D/E
6.77
Dividend yield
+0.2%
Quality score
22/100
ROE 5y above 15%
3/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.