Plastic products
Building Materials - Plastic Pipes
from 1,508 today
Astral Limited delivered a resilient operational and financial performance in FY26, supported by structural building material tailwinds, market share gains, and a strong balance sheet. Analysts maintain a BUY rating on the stock with an unchanged target price of Rs 1,750/share, valuing it at 51x FY28E EPS.
Astral's 1QFY27 performance was weak but industry-leading in the pipes segment. We reiterate our BUY rating on ASTRA with a revised TP of INR1,697, based on ~48x FY28E P/E.
Astral delivered a strong Q1FY27 with robust plumbing momentum, margin expansion, and diversification across new categories like paints and adhesives. We maintain our BUY rating with a target price of Rs 1,750, implying an upside of 20% from the CMP.
Astral's revenue/EBITDA/PAT grew 16%/25%/48% YoY in 1QFY27, though missing estimates by 5-13%. We reiterate our BUY rating with a revised TP of INR1,697, estimating a CAGR of 16%/22%/30% over FY26-28.
Astral delivered a healthy 1QFY27 with revenue and EBITDA rising 16% and 25% YoY respectively, supported by broad-based market-share gains and operating leverage. We maintain our BUY rating with a revised target price of INR 1,760 based on a PE multiple of 50x 1HFY29 EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
