Astral logo

Astral share price

NSE: ASTRALBSE: 532830Industrial ProductsMid Cap

Astral Limited · Formerly Astral Poly Technik · Face value ₹1 · Listed Mar 2007
Last close ₹1,365.40up ₹4.80 (0.35%)BSE ₹1,362.90

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,360.60.

29 Oct: open ₹1,362.00, high ₹1,368.20, low ₹1,349.00

52-week range of traded prices to 29 Oct 2026
₹1,311.60Low, 9 Jul 2026₹1,768.70High, 11 Mar 2026
Market cap
₹36,681 Cr217th largest listed
P/E
63.74
P/B
9.04
Dividend yield
0.29%
ROE
15.0%
ROCE
19.3%
Debt to equity
0.04
Volume, NSE
1,99,01050.8% delivered

Astral share price chart

Daily closes since Mar 2007, adjusted for splits and bonuses

−6.8%over a year · Nifty 500 −8.4%

ResultsDividend20-session average 3,79,501 shares a day, 49.4% delivered

About Astral

Astral Limited makes plastic pipes and fittings, water tanks, bathware, valves, adhesives and sealants, construction chemicals and paints for residential, commercial, industrial and infrastructure use.12 Its customers are distributors, infrastructure companies, the farm sector and tradespeople such as plumbers, masons, contractors and carpenters.3 Based in Ahmedabad, it makes its products in India, the United Kingdom and the United States.45

It reports 2 segments (plumbing; paints and adhesives) across 9 product categories, from pipes, water tanks and specialised valves to adhesives, paints and construction chemicals.67 Its brands include Astral Pipes, Bondtite, Astral Paints and Gem Paints, and its pipe lines include Silencio low-noise drainage and Fire-pro fire protection piping.895 It sells through more than 3,990 distributors and more than 2.7 lakh dealers in India, and in more than 40 countries.1 It had more than 9,500 employees, including contract staff, at the end of March 2026.10

Sandeep Engineer, its chairman and managing director, founded Astral in 1996, introducing CPVC piping (a heat-resistant plastic pipe) to India for the first time.11 It has grown through acquisitions including Seal It Services in the UK, Resinova Chemie, Sarita Water Tanks, Gem Paints and Al-Aziz Plastics.11 Seal It Services has units in the United States and Ireland, and Astral has a joint venture, Astral Pipes, in Kenya.12 The promoter and promoter group held 54.22% of its shares at the end of March 2026.13

Astral key points

Results

  • In the year to Mar 2026, consolidated revenue from operations rose 12.62% to ₹65,686 million from ₹58,324 million, and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 12.36% to ₹11,092 million.14
  • Consolidated profit after tax for the year to Mar 2026 rose 3.04% to ₹5,347 million from ₹5,189 million; the share of Astral's shareholders, excluding minority owners, was ₹5,366 million.1516
  • In the quarter to Jun 2026, consolidated sales grew 15.9% in value and the consolidated EBITDA margin was 15.5%, against 14.3% a year earlier.1718
  • The group ended March 2026 with net cash (cash, net of borrowings) of ₹7,903 million. For the year it paid an interim dividend of ₹1.50 a share; the board's recommended final dividend of ₹2.50 needed shareholders' approval, and the documents give no outcome.1920

Business segments

  • Plumbing revenue was ₹46,787 million in the year to Mar 2026, up 11.5% and 71% of group revenue, with EBITDA of ₹9,166 million, up 15.7%.2122
  • Paints and adhesives revenue rose 15.5% to ₹18,899 million in the year to Mar 2026, 29% of group revenue, with EBITDA of ₹1,926 million, up 1.1%.2319
  • Revenue by business, quarter to Jun 2026, against a year earlier24
    Itemquarter to Jun 2026quarter to Jun 2025
    Plumbing₹1,050 crore₹953 crore
    Adhesives, India₹326 crore₹261 crore
    Adhesives, UK₹121 crore₹96 crore
    Paints₹74.5 crore₹50 crore
  • In the quarter to Jun 2026, the EBITDA margin was 18.9% in plumbing against 16.4% a year earlier, 12.2% in adhesives in India against 14%, 4.9% in UK adhesives against 0.2%, and 0.1% in paints against 1%.25

Plants and capacity

  • Installed capacity, tonnes a year, end of March 202626
    Itemyear to Mar 2026
    Pipes, water tanks and bathware4,21,445
    Adhesives and sealants, India1,02,958
    Adhesives and sealants, UK and US36,686
    Paints36,000
    Total installed capacity was 5,97,089 tonnes a year.
  • The company commissioned its Kanpur plant in the year to Mar 2026 and is building a plant at Khambhat.27
  • On its earnings call of 12 Aug 2026, the company said its Kanpur plant was mostly sold out, and put utilisation at around 50% at its Hyderabad plant and 60% to 65% at its paint plants.2829

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that its 40,000-tonne captive CPVC resin plant is expected to improve volumes and margins on CPVC pipes and fittings from the year to Mar 2028.30
  • On its earnings call of 12 Aug 2026, the company said it expects to finish building the CPVC resin plant by the end of December, with trial runs and stabilisation in the quarter to Mar 2027.31
  • Astral's own (standalone) capital spending was ₹3,284 million in the year to Mar 2026; across all its businesses it spent ₹137 crore in the quarter to Jun 2026, ₹16 crore of it on the CPVC resin plant.3233

What the company expects

  • On its earnings call of 12 Aug 2026, the company said it expects plumbing volumes to grow by at least double digits in the year to Mar 2027, at an EBITDA margin of 16% to 18%.34
  • On its earnings call of 12 Aug 2026, the company said it expects 20% to 25% revenue growth in paints, which it expects to cross, and 15% to 20% in adhesives in the year to Mar 2027.3536
  • On its earnings call of 12 Aug 2026, the company said it expects UK adhesives revenue growth above double digits in the year to Mar 2027, and bathware growth of 20% to 25% a year, compounded, over the next 4 to 5 years.3738
  • On its earnings call of 12 Aug 2026, the company said it has no fixed timeline for a demerger of the chemicals business, and that the decision depends on market conditions and the business's needs.3940

Recent events

  • On 29 Jul 2026, the board withdrew the scheme it approved on 25 Jun 2026 to demerge the chemicals business into Astral Chemie and merge Al-Aziz Plastics into Astral, after an independent consultant advised against it in its present form, given the chemicals business's scale.4142
  • On 11 Jun 2026, subsidiary Astral Chemie agreed to buy 60% of Differentiated and Sustainable Solutions LLP (DSS), a Gujarat maker of specialty chemicals with capacity of 5,200 tonnes a year, for ₹39.11 crore.4344
  • On 16 Mar 2026, the company agreed to buy up to 19% of Vena Energy Sustainable Power for up to ₹9.00 crore, to take 7 MW of solar and wind power for its Santej and Dholka plants as a part-owner.4546
  • On 5 Nov 2025, the company completed buying 80% of Nexelon Chem, which is to make CPVC resin, the raw material of its CPVC pipes.4748

Last updated

All 48 sources, each with its page
  1. 1. Annual report, 31 Jul 2026, page 4
  2. 2. Annual report, 31 Jul 2026, page 5
  3. 3. Annual report, 31 Jul 2026, page 64
  4. 4. Annual report, 31 Jul 2026, page 1
  5. 5. Annual report, 31 Jul 2026, page 12
  6. 6. Annual report, 31 Jul 2026, page 218
  7. 7. Annual report, 31 Jul 2026, page 22
  8. 8. Annual report, 31 Jul 2026, page 11
  9. 9. Annual report, 31 Jul 2026, page 8
  10. 10. Annual report, 31 Jul 2026, page 23
  11. 11. Annual report, 31 Jul 2026, page 245
  12. 12. Annual report, 31 Jul 2026, page 27
  13. 13. Annual report, 31 Jul 2026, page 57
  14. 14. Annual report, 31 Jul 2026, page 27
  15. 15. Annual report, 31 Jul 2026, page 27
  16. 16. Annual report, 31 Jul 2026, page 26
  17. 17. Earnings call, 12 Aug 2026, page 6
  18. 18. Earnings call, 12 Aug 2026, page 5
  19. 19. Annual report, 31 Jul 2026, page 11
  20. 20. Annual report, 31 Jul 2026, page 27
  21. 21. Annual report, 31 Jul 2026, page 9
  22. 22. Annual report, 31 Jul 2026, page 10
  23. 23. Annual report, 31 Jul 2026, page 9
  24. 24. Earnings call, 12 Aug 2026, page 5
  25. 25. Earnings call, 12 Aug 2026, page 5
  26. 26. Annual report, 31 Jul 2026, page 6
  27. 27. Annual report, 31 Jul 2026, page 22
  28. 28. Earnings call, 12 Aug 2026, page 11
  29. 29. Earnings call, 12 Aug 2026, page 13
  30. 30. Annual report, 31 Jul 2026, page 8
  31. 31. Earnings call, 12 Aug 2026, page 3
  32. 32. Annual report, 31 Jul 2026, page 27
  33. 33. Earnings call, 12 Aug 2026, page 16
  34. 34. Earnings call, 12 Aug 2026, page 17
  35. 35. Earnings call, 12 Aug 2026, page 17
  36. 36. Earnings call, 12 Aug 2026, page 6
  37. 37. Earnings call, 12 Aug 2026, page 7
  38. 38. Earnings call, 12 Aug 2026, page 25
  39. 39. Earnings call, 12 Aug 2026, page 25
  40. 40. Earnings call, 12 Aug 2026, page 24
  41. 41. Exchange filing, 29 Jul 2026, page 1
  42. 42. Exchange filing, 25 Jun 2026, page 1
  43. 43. Exchange filing, 11 Jun 2026, page 4
  44. 44. Exchange filing, 11 Jun 2026, page 5
  45. 45. Exchange filing, 16 Mar 2026, page 2
  46. 46. Annual report, 31 Jul 2026, page 42
  47. 47. Exchange filing, 5 Nov 2025, page 1
  48. 48. Annual report, 31 Jul 2026, page 229

Results

Consolidated; ₹ crore.Astral quarterly results

Revenue growth, 12 months
+16.8%
Net profit growth, 12 months
+18.8%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,578 Crdown 24.44%
Net profit
₹120 Crdown 43.57%
Net margin
7.6%

Revenue by quarter

₹1,370 CrSep 24₹1,397 CrDec 24₹1,681 CrMar 25₹1,361 CrJun 25₹1,577 CrSep 25₹1,542 CrDec 25₹2,089 CrMar 26₹1,578 CrJun 26
Peak revenue ₹2,089 Cr, quarter to Mar 2026; lowest ₹1,361 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹109 CrSep 24₹113 CrDec 24₹178 CrMar 25₹79 CrJun 25₹135 CrSep 25₹108 CrDec 25₹213 CrMar 26₹120 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,3701,3971,6811,3611,5771,5422,0891,578
Net profit10911317879135108213120
Net margin7.9%8.1%10.6%5.8%8.5%7.0%10.2%7.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Plumbing₹4,679 Crup 11.50%71.2%
  • Paints and Adhesives₹1,890 Crup 15.51%28.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018 and Mar 2022: days before it are of the company before the change.Astral PE ratio and valuation

Price to earnings

At or below today's level on 18% of 2,415 trading days over the last 10 years.

LowestHighest
Its median76.55Industry median16.32
Price to book

At or below today's level on 2% of 1,971 trading days since Nov 2018.

LowestHighest
Its median14.15Industry median1.67
Dividend yield

At or below today's level on 99% of 2,479 trading days over the last 10 years.

LowestHighest
Its median0.11%Industry median0.56%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+23.8%+2.3%+20.8%0.3%
3 years+6.4%+5.5%+0.6%0.2%
5 years+5.9%+5.8%−0.1%0.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Astral shareholding pattern

Shareholding by group

  • Promoters54.22%
  • Foreign institutions11.09%
  • Indian institutions24.13%
  • Individuals and others10.56%
Holder
SANDEEP PRAVINBHAI ENGINEERPromoter31.57%
SAUMYA POLYMERS LLPPromoter8.54%
JAGRUTI SANDEEP ENGINEERPromoter7.56%
KAIRAV CHEMICALS LIMITEDPromoter6.55%
LIFE INSURANCE CORPORATION OF INDIA - ULIF004200910LICEND+GRW512Insurance companies6.46%
TREE LINE ASIA MASTER FUND (SINGAPORE) PTE. LIMITEDForeign portfolio investors, category I1.56%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −2.80 pts, Indian institutions +2.82 pts, mutual funds +2.98 pts.

Mutual fund holdings

156 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 78 of the 96 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 156 funds holding Astral

Bought for the first time
7
Bought again
11
Added
55
Cut
41
Held unchanged
41
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Astral insider trading

Bought on the market Sold on the market
  • Promoters and promoter group2 purchases, 0 sales₹4.88 CrNo saleNet₹4.88 Cr
  • Directors and key managers0 purchases, 2 salesNo purchase₹0.57 CrNet−₹0.57 Cr
  • Others0 purchases, 3 salesNo purchase₹2.73 CrNet−₹2.73 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Astral competitors and peers

Plastic Products - Industrial, 69 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Astral in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Supreme Industries logoSupreme IndustriesSUPREMEIND40,77636.086.38+16.6%+33.3%18.7%20.2%1.12%
Garware Hi-Tech Films logoGarware Hi-Tech FilmsGRWRHITECH16,30338.265.61+14.7%+36.2%15.7%17.1%0.17%
Kingfa Science & Technology (India) logoKingfa Science & Technology (India)KINGFA9,33641.376.67+24.1%+47.0%21.2%20.3%0.29%
Finolex Industries logoFinolex IndustriesFINPIPE8,81414.321.42−2.2%+54.8%10.0%8.8%1.94%
Time Technoplast logoTime TechnoplastTIMETECHNO8,03216.401.96+15.5%+21.3%14.0%15.2%0.92%
Prince Pipes and Fittings logoPrince Pipes and FittingsPRINCEPIPE2,86728.081.74+5.1%+338.6%6.3%7.5%0.39%
Apollo Pipes logoApollo PipesAPOLLOPIPE2,506–3.06−2.0%––−1.1%0.13%
Jain Irrigation Systems logoJain Irrigation SystemsJISLJALEQS1,729–0.30+8.8%–−0.9%4.7%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Astral dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.2Mar 170.3Mar 180.3Mar 190.6Mar 201.3Mar 212.3Mar 223.2Mar 233.8Mar 243.8Mar 254Mar 26
Highest ₹4.00 a share, year to Mar 2026.
Ex-dateTypePer share
14 Aug 2026Final₹2.50
11 Nov 2025Interim₹1.50
14 Aug 2025Final₹2.25
14 Nov 2024Interim₹1.50
16 Aug 2024Final₹2.25
27 Oct 2023Interim₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Astral announcements

Astral share price by year

Each calendar year to 2025.Astral share price history

YearClose at year endChangeHighest closeLowest close
20251,388.50−16.0%1,651.451,238.05
20241,652.25−13.4%2,417.751,652.25
20231,907.55+29.5%2,025.651,301.30
20221,472.93−13.9%1,945.611,205.74
20211,711.35+70.6%1,787.06907.28
20201,002.85+51.5%1,002.85423.98
2019662.01+30.5%694.91463.57
2018507.38+33.5%522.79342.02
2017380.09+113.9%380.30170.80
2016177.71−9.7%233.91153.86
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,361.001,371.501,340.001,360.601,355.352,81,59448.2%
27 Oct 20261,351.001,376.001,337.401,376.001,355.555,44,47955.0%
26 Oct 20261,357.001,397.101,333.101,349.001,367.787,52,00739.2%
23 Oct 20261,380.001,397.101,347.301,357.001,366.393,18,95053.1%
22 Oct 20261,381.001,386.901,357.401,386.501,374.455,18,58556.4%
21 Oct 20261,425.001,438.201,381.901,395.801,402.393,17,68845.4%
19 Oct 20261,422.801,438.201,418.501,428.001,430.362,43,81148.6%
16 Oct 20261,440.301,448.301,426.001,427.401,432.552,88,58360.7%
15 Oct 20261,444.001,469.401,438.201,443.301,454.113,64,13444.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
14 Mar 2023Bonus0.7500Holders received 1 bonus share for every 3 held.
18 Mar 2021Bonus0.7500Holders received 1 bonus share for every 3 held.
16 Sep 2019Bonus0.8000Holders received 1 bonus share for every 4 held.
25 Sep 2014Split0.5000Each share became 2.
5 Sep 2013Split0.4000Every 2 shares became 5.
15 Sep 2010Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details