Astral Ltd (Astral) is a manufacturer and distributor of PVC pipes. The company manufactures and markets chlorinated polyvinyl chloride (CPVC) piping, sanitaryware and faucets and drainage and plumbing systems. The company's product applications include plumbing for hot and cold water, sewerage waste and rainwater, underground application, fire sprinklers application, agriculture pressure pipes, pipes for electrical pipes and drains and waste traps. Astral also other offerings include clamps and hangers, adhesives, paints, fire sprinklers pipes and fittings, and cleaning and protectants. It markets its products under the brand name Astral. The company operates manufacturing units in Santej, Gujarat, Dholka, Gujarat, Hosur, Tamil Nadu, Ghiloth, Rajasthan, Sangli, Maharashtra and Sitarganj, Uttarakhand. Astral is headquartered in Ahmedabad, Gujarat, India.
Headquarters
India
Address
Astral House 207/1, Bh. Rajpath Club, Off. S.G. Highway, Ahmedabad, Gujarat, 380059
Website
www.astralpipes.com
Telephone
91 79 66212000
No of Employees
4,056
Industry
Construction
Ticker Symbol & Exchange
ASTRAL (NSE)
Revenue (2023)
$657.4M
17.4%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-5.6%
(2023 vs 2022)
Market Cap*
$6.3B
Net Profit Margin (2023)
XYZ
-19.6%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Sewerage Drainage Pipes and Fittings | Astral |
| Agriculture Pipes and Fittings | |
| Water Tanks | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In March, the company's plant located at Cuttack, Orissa granted CPVC Pipe manufacturing License by The Bureau of Indian Standards. |
| 2022 | Acquisitions/Mergers/Takeovers | In September, the company acquired an additional 15% stake in Seal IT Services, an adhesive manufacturer. |
| 2022 | Contracts/Agreements | In April, the company agreed to acquire 51% stake in Gem Paints for INR194 crore. |
Competitor Comparison
| Key Parameters | Astral Ltd | The Supreme Industries Ltd | Electrosteel Castings Ltd | Jain Irrigation Systems Ltd | Finolex Industries Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Ahmedabad | Mumbai | Kolkata | Jalgaon | Pune |
| State/Province | Gujarat | Maharashtra | West Bengal | Maharashtra | Maharashtra |
| No. of Employees | 4,056 | 5,458 | 2,859 | 8,593 | 1,478 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sandeep Pravin Chandra Bhai Engineer | Chairman; Managing Director | Executive Board | 2020 | - |
| Hiranand A. Savlani | Chief Financial Officer; Director | Executive Board | - | 54 |
| Girish Bhanu Bhai Joshi | Director | Executive Board | 2021 | - |
| Jagruti Sandeep Engineer | Director | Executive Board | 2017 | 57 |
| Siddharth Jain | Head - Talent Acquisition | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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