Astral Poly Technik - A sure shot multibagger

astral poly technik fundamental analysis

Astral - a Sureshot Multibagger

Astral Poly Technik Ltd (NSE: Astral) is one stock you should have in your portfolio of long term stocks. The company operates in 3 segments - Piper, Adhesives and Infra Pipes. It has already established in the housing market and is all set to dominate the infrastructure segment with its acquisition of Rex corrugated pipes. It has also entered the adhesive market giving competition to Pidilite and has roped in Varun Dhawan as the brand ambassador. The company has established in the northern and western markets and is fast capturing the southern markets as well. A new plant is being set up in the eastern region as well. 

Incorporated in 1996, Astral's market cap is now 14K Cr. The stock has seen a 52 Week trading range of Rs. 816 - Rs. 1,380 and has regularly paid a dividend to its investors.

Astral has moved from Rs.400 in 2015 to more than Rs. 1100 in 2019. The stock might see some dip in prices in tandem with the bear market for the moment.

The market cap has seen a steady increase and has now touched 15,000 crore mark, up from 4,000 crores back in 2015.

Astral has posted Net sales of 472 Cr in Q1 2019 and a net profit of 34 Cr. with a profit margin of 7.2%, this is in line with Q1 2018 profit %. In fact, Astral has seen an increase in sales vs Q1 2018.

When it comes to yearly performance, Astral has seen stable growth YoY with a 7.4% profit % in the year ending March 2019.

The promoters hold more than 50% of shares, while public shareholding is around 14%.

The company has debt which has always stayed under 200 cr. while it has seen a steady increase in assets, which has resulted in an increase in Net worth for Astral.

Check out the various charts to know more about Astral's performance.