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India
As of 18 Sept 2026, 03:30 pm
Between March 2019 and March 2020, Astral's Total Assets increased from ₹2,099 crore to ₹2,289 crore. During the same period, Total Liabilities also rose from ₹2,099 crore to ₹2,289 crore. Equity Capital grew from ₹12 crore to ₹15 crore, and Reserves increased from ₹1,266 crore to ₹1,488 crore. Borrowings decreased from ₹275 crore to ₹191 crore, while Fixed Assets saw an increase from ₹1,105 crore to ₹1,255 crore. Cash Flow from Operating Activities rose to ₹405 crore in March 2020 from ₹342 crore in March 2019. Free Cash Flow also improved to ₹192 crore from ₹122 crore over the same period. However, Net Cash Flow turned negative, decreasing to -₹75 crore from ₹46 crore.
At the 30th Annual General Meeting of Astral Limited on August 24, 2026, shareholders approved the adoption of audited financial statements for the year ended March 31, 2026, with 99.9273% of votes in favor. They also approved the confirmation of interim and final dividends (99.9997% support) and ratified the re-appointment of director Mr. Hiranand Savlani (99.3945% support) and the cost auditors (99.9997% support). A special resolution to re-appoint Mr. Sandeep Engineer as Managing Director passed with 81.1026% of the votes, though it faced opposition.
As of September 18, 2026, Astral's daily technical trend is indicated as bearish, with the Supertrend indicator at ₹1476.57 and the EMA 20 slope at -37.45. The weekly trend is also showing as bearish, with the Supertrend at ₹1633.6 and the EMA 20 slope at -7.66. In contrast, the monthly trend is bullish, with the Supertrend at ₹1110.2.
Over the last five years, Astral has achieved a Compounded Sales Growth of 16% and a Compounded Profit Growth of 6%. On a Trailing Twelve Months (TTM) basis, the Compounded Sales Growth stands at 17%, and the Compounded Profit Growth is 22%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Downward price movement of 3.12 standard deviations recorded on 2026-09-11.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,088.50 crore | ₹1,541.50 crore | ₹1,577.40 crore | ₹1,361.20 crore | ₹1,681.40 crore |
| Profit Before Tax | PEAK₹296.60 crore | ₹144.30 crore | ₹179.90 crore | ₹109.80 crore | ₹236.30 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹7.93 per share | ₹4.01 per share | ₹5.02 per share | ₹3.02 per share | ₹6.67 per share |
| Finance Costs | PEAK₹23.50 crore | ₹12.60 crore | ₹16 crore | ₹12.30 crore | ₹9.60 crore |
| Other Expenses | PEAK₹303.20 crore | ₹231.70 crore | ₹221 crore | ₹209.30 crore | ₹227.60 crore |
The March 2026 quarter saw a significant revenue surge that lifted profit to its highest level in the five quarters from June 2025 to March 2026. The pre-tax profit margin improved compared to both the prior-year quarter and the immediately preceding quarter, even as finance costs and other expenses rose materially.
Exchange disclosures and regulatory announcements for Astral.
Astral Limited's 30th Annual General Meeting held on August 24, 2026, resulted in the approval of five resolutions, including the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend. Shareholders re-appointed Mr. Hiranand Savlani as a director with 99.39% support and ratified the remuneration of Cost Auditors with 99.99% support. The resolution to re-appoint Mr. Sandeep Engineer as Managing Director passed with 81.10% of valid votes cast in favor.
Astral Limited held its 30th Annual General Meeting on August 24, 2026, via video conferencing, chaired by Chairman and Managing Director Sandeep Engineer. Shareholders approved the audited financial statements for the year ended March 31, 2026, confirmed an interim dividend and declared a final dividend, reappointed director Hiranand Savlani, reappointed Sandeep Engineer as Managing Director, and ratified the cost auditor's remuneration for the year ending March 31, 2027.
Astral Limited held its 30th Annual General Meeting on 24 August 2026 via video conferencing. All five resolutions were passed, including adoption of audited financial statements for the year ended 31 March 2026, confirmation of interim and final dividends, re-appointment of Mr. Hiranand Savlani as a director, re-appointment of Mr. Sandeep Engineer as Managing Director (with 81.10% in favor and 18.90% against), and ratification of cost auditors' remuneration.
At Astral Limited's Annual General Meeting held on August 24, 2026, shareholders approved the adoption of audited financial statements for the year ended March 31, 2026, with 99.9273% of votes in favor, and confirmed interim and final dividends with 99.9997% approval. The meeting also ratified the re-appointment of director Mr. Hiranand Savlani (99.3945% in favor) and cost auditors (99.9997% in favor), while a special resolution to re-appoint Mr. Sandeep Engineer as Managing Director passed with 81.1026% support despite significant opposition from public institutions.
Astral Limited issued a newspaper notice regarding the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. Shares of shareholders who have not claimed dividends for seven consecutive years from 2019-20 (1st Interim) will be transferred. The deadline for claiming unpaid dividends is November 24, 2026, after which shares will be transferred to the IEPF Authority.
On August 17, 2026, immediate relatives of Astral Limited promoters, Mr. Sujal Shroff and Mr. Aditya Shroff, sold equity shares through market sales on the NSE. Mr. Sujal Shroff sold 11,500 shares at a total value of ₹17,710,288, reducing his holding to 157,150 shares (0.0006%). Mr. Aditya Shroff sold 4,500 shares at a total value of ₹6,934,656, reducing his holding to 46,800 shares (0.0002%).
Astral Limited informed stock exchanges that the transcript of its earnings call held on August 12, 2026, has been uploaded to the investor relations section of its website.
Recent market and company developments associated with Astral.
OpenAI is reportedly discussing a new funding round that could value the ChatGPT maker above $1.2 trillion ahead of a planned IPO. The fundraising could provide flexibility on listing timelines, support acquisitions and increase investor exposure. The move comes as rival Anthropic also prepares for a potential public offering
The Sensex slipped 121 points to 74,782, while the Nifty fell 80 points to 23,398. The Nifty Bank ended 135 points higher at 56,607, while the Nifty Midcap index declined 160 points to 62,197.
Reinstated import duties and minimum import prices are curbing cheap imports, encouraging dealers to restock and driving volume growth targets for top listed players.
At the end of the closing auction session, the turnover logged on the NSE website showed a figure of ₹39,717 crore, the highest since the implementation of CAS. The average daily turnover has ranged between ₹1,000 crore to ₹1,200 crore.
As per Nuvama Alternative and Quantitative Research, as a result of Eternal's weightage being increased in the MSCI Standard Index, it could result in potential inflows of $674 million for 205 million shares.
Buy or sell indicator: Vaishali Parekh recommends three stocks to buy today — Astral, Sai Life Sciences, and ICICI Bank
Market volatility persists as Hormuz blockade, crude prices, and CPI data influence investor sentiment on D-Street.
The BSE Sensex closed at 78,080, up 114 points, while the Nifty50 ended at 24,396, down 40 points. The Nifty Bank fell 251 points to 57,635, while the midcap index gained 97 points to 64,122.
Comprehensive Section Breakdown for Astral
Strategic Vision: Manufactures and sells building materials and home improvement products.
• Product innovation in piping systems
• Diversified product portfolio in building materials
• Established manufacturing and distribution networks
Astral Ltd. reported a sharp increase in revenue and profit for the quarter ended March 31, 2026, compared to both the previous quarter and the same quarter last year. The March quarter delivered the highest quarterly revenue and profit in the five quarters from June 2025 to March 2026. Revenue was relatively stable in the first three quarters of the fiscal year before surging in the final quarter.
Revenue from operations reached ₹2,088.50 crore in the March 2026 quarter. This was 35.5% higher than the ₹1,541.50 crore recorded in the December 2025 quarter and 24.2% higher than the ₹1,681.40 crore recorded in the March 2025 quarter.
The quarterly revenue pattern across fiscal 2025-26 shows a distinct year-end concentration:
The March quarter alone accounted for about 32% of the total revenue generated in the four quarters of the fiscal year.
Profit before tax (PBT) grew to ₹296.60 crore, more than double the ₹144.30 crore reported in the immediately preceding quarter and 25.5% above the ₹236.30 crore reported in the prior-year March quarter. The year-on-year growth in PBT (25.5%) slightly outpaced revenue growth (24.2%), while the sequential profit jump far exceeded the 35.5% revenue increase.
The pre-tax profit margin improved to 14.2% in the March 2026 quarter, up from 14.1% a year earlier and from 9.4% in the December 2025 quarter.
Basic earnings per share rose to ₹7.93, compared with ₹4.01 in the previous quarter and ₹6.67 in the prior-year period. Basic and diluted EPS were equal, indicating no dilutive securities.
The largest expense component remained the cost of materials consumed, at ₹1,163.40 crore. When combined with purchases of stock-in-trade (₹38.10 crore) and changes in inventories (₹46.70 crore), raw-material-related costs formed the bulk of the cost base. Employee benefit expense was ₹154.20 crore, and depreciation was ₹74.00 crore.
Two expense lines showed notable increases relative to the prior-year March quarter:
Despite the higher finance costs and other expenses, the pre-tax margin expanded both year-on-year and sequentially.
Category: Manufacturing
Offers a comprehensive range of plumbing and drainage systems, including PVC, CPVC, and lead-free PVC pipes and fittings, as well as agriculture, fire sprinkler, and industrial piping systems.
Category: Manufacturing
Provides a variety of adhesives, sealants, specialized valves, and construction chemicals for building and infrastructure applications.
Category: Manufacturing
Offers decorative, industrial, and protective paint solutions, including emulsions, primers, and wall putty, alongside D2C brands and flooring solutions.
Key Products & Services: BondTite • BondCraft
Category: Manufacturing
Focuses on manufacturing premium and mid-range bathware products, including toilet seats, wash basins, faucets, and diverters.
Core Thesis: Diversified product offerings in building materials and home improvement solutions cater to a broad customer base.
• Product Innovation: Pioneered CPVC piping systems and launched lead-free uPVC piping systems, demonstrating a commitment to product advancement. • Market Expansion: Expanded production capabilities across multiple plant locations to cater to broader geographical markets. • Diversification: Operates across multiple segments including piping, adhesives, paints, and bathware to offer comprehensive solutions.