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ASTRAL

NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???NSE:ASTRAL Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains. Historical Milestones Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL). Diverse Product Range Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives. Revenue Breakdown A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal. B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes. Inorganic Growth and International Presence Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales. Manufacturing Excellence The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha. Future Expansion Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals. Extensive Distribution Network The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities. Strategic Raw Material Sourcing The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins. New Ventures In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position. Brand Visibility Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors. Subsidiaries and Growth The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders. As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth. Source: Screener.in Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
NSE:ASTRALLong
by Peaceful-Weekend-Investing
1
Astral Ltd. Consolidating at All Time HighAstral Ltd (stock symbol: ASTRAL) initiated its rally on March 29, 2023, and has witnessed a remarkable return of approximately 52% as of today, June 29, 2023. Currently, the stock is consolidating at an all-time high and is poised to make a decisive move either upwards or downwards. The Relative Strength Index (RSI), which had previously indicated an oversold condition, has now cooled off. In the near future, there are two potential scenarios. Firstly, if Astral Ltd breaks above the level of 2023.75, it could lead to further gains and generate favorable returns. Alternatively, if the stock breaks below the level of 1926, it might experience a decline. The downside target in this case is projected to be 1735.45. It is important to note that these projections are subject to market fluctuations and should be carefully considered based on individual risk appetite and investment strategies.
NSE:ASTRAL
by JigarHathiyani
Astral trying to break the shackles Astral limited started as a plumbing and drainage solutions providing company The company is today a big name in manufacturing pipes, drainage and water storage tanks used in real estate projects. Post the success company has forayed into diverse product range from ancillary (clamps & hangers) to industrial pipes. CMP of the stock is 1483.50. Negatives of the company are High valuation (P.E. = 101.2), Declining quarterly net profit and FIIs decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit & MFS are increasing stake. Entry in the stock can be taken after closing above 1501. Target will be 1154 and 1657. Long term target will be 1700+. Stop loss in the stock should be kept at a closing below 1383.
NSE:ASTRALLong
by Happy_Candles_Investment
ASTRAL - ROUNDING BOTTOM📊 Script: ASTRAL (ASTRAL LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Capital Goods 📊 Industry: Plastic Products - Industrial 📈 ASTRAL is going to break the resistance and forming round bottom. 📈 MACD is already in positive crossover. 📈 Already crossover at Double Moving Average. 📈 Right now RSI is around 80. ✅ Buy above - 2000 🟢 Target 🎯🏆 - 2215 ⚠️ Stoploss ☠️🚫 - 1900 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:ASTRALLong
by radha_23
4