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Earnings Call

Astral Earnings Call: Key Takeaways

Astral is executing a strategic demerger of its Chemical and Plumbing/Bathware businesses to drive transparency and hyper-growth, seeking to bring the high-margin adhesives segment out of the plumbing business's shadow.

Guidance and delivery
Management target Revenue 25.0% FY29
Highlights
Revenue growthChemicals grew to ₹1,861 Cr; overall growth remains robust and volume-led.
MarginsChemical margins to improve from FY25 as paint business turns positive.
Demand visibilityStrong domestic infrastructure tailwinds and new retail expansion in UK/US.
Management confidenceExtremely high; aggressive focus on becoming number one in specific chemistries.

Growth

Chemicals closed FY24 at ₹1,861 Cr with aspirations to reach ₹4,400-5,000 Cr by FY28-29.

Outlook

Adhesives business targeted to achieve double-digit EBITDA margins and reach ₹5,000 Cr revenue within 5 years.

Risks

Demerger operational friction, potential margin dilution from rapid paint expansion, and execution risk in scaling new UK/US retail contracts.

Source

Earnings Call filed with NSE, NSE: ASTRAL. Summary written with AI assistance from the document.

Read the document ↗

Astral Ltd: key numbers

Share price
₹1,275.00
Market cap
₹34,253 Cr
Revenue (annual)
₹6,569 Cr
Net profit (annual)
₹536.6 Cr
P/E (TTM)
60.3×Sector 51.6×
Promoter holding
54.22%+0.00% QoQ
FII holding
11.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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