Astral Pipes is a leading company in the manufacturing of plumbing and drainage systems. The company was established in 1996 in India and today has a wide product catalogue that caters to the needs of millions of families.
It aims to provide quality products and services to its customers and has been attracting investors over the past few years. Because the company has immense growth potential and has given huge returns of up to 280% in recent years.
If we look at its year-on-year results in March 2023, the company earns a revenue of Rs 1,506 crore, which is 4.53 per cent higher. At the same time, the net income increased by 45.08 per cent to Rs 205.7 crore.
The current share price of Astral Ltd. is Rs 1922.15 and market experts are estimating that the share price will increase further to Rs 1982.50 in the next few months.
However, in this forecast, we will predict the share price of Astral Limited for the years 2023-2030 with our research and forecast system.
Overview of Astral Ltd
The company was established in 1996 with a focus on Plumbing and Drainage Systems in India. Basically, Astral Pipes is engaged in the production of CPVC Compounding (45000 MT per annum) across the country to suit the requirements of different geographies and markets.
It also provides innovative, high-performance and quality products whose values attract customers, partners and shareholders.
See also – Tata Steel target price
Today, the company caters to the needs of lakhs of households and also adds value to India’s growing real estate fraternity with an unparalleled quality identity.
The product range of this company is Plumbing Pipes & Fittings, Sewerage Drainage Pipes & Fittings, Agricultural Pipes & Fittings, Specialty Fittings, Water Tanks, Industrial Pipes & Fittings, Solvent Cement, Insulation Tubes, Cable Protection and many more.
Astral share price target 2023 to 2030
The company has consistently shown strong financial performance with a growth of up to 4,122.2 per cent in the last ten years. Therefore, if an investor had invested Rs 1 lakh, that 1 lakh would have become more than Rs 41 lahks today.
See also – NCL Research Price Target
The target price is based on our research and technical analysis, which may differ from the actual price. This is an estimated value that is not the exact share price of Astral Ltd.
| Year | Low | High |
|---|---|---|
| 2023 | 1920 | 1980 |
| 2024 | 1905 | 2050 |
| 2025 | 2250 | 2425 |
| 2026 | 2530 | 2890 |
| 2028 | 3420 | 3850 |
| 2030 | 4010 | 4550 |
Fundamentals of Astral Ltd
Astral Limited has strong management and is focused to become a leading player globally in this sector. It has a wide range of products and aims to provide quality products and services to its customers. The company has two more subsidiaries known Astral Adhesives and Bond It (USA and UK). As per our research, it is a good stock to hold for the long term.
Future Prospects of Astral Ltd
The company is almost debt free (0.03) and has registered a healthy profit growth of 21.0% CAGR in the last 5 years. If we look at its sales growth in the last 10 years, the average is 19.0%.
| Year | Sales Growth | Profit Growth |
|---|---|---|
| TTM | 17% | -5% |
| 3 Years | 26% | 22% |
| 5 Years | 20% | 21% |
| 10 Years | 20% | 22% |
Similar Stocks
Astral shareholding pattern
Before investing in any stock we should check the foreign institutional participation in the stake.
| Promoters | 55.85% |
| Foreign Institutionals | 15.65% |
| Domestic Institutions | 15.87 |
| Public | 12.64 |
Read also
FAQs
The target price for Astral shares is Rs 2250 to Rs 2425 by 2025.
The market cap of Astral Ltd in 2023 is Rs 51,440.
The target price for Astral shares in 2030 is Rs 4010 to Rs 4550.
Astral Limited is a good long-term option as it will continue to be in high demand in the real estate sector.
Disclaimer: The target price is for general information only; You should do thorough research, consider risk tolerance and consult financial experts before making an investment decision.
