Mid Packaging

Astral Ltd.

ASTRAL

₹1495.7

-0.92% (-13.9)

Market Cap

₹40,552 Cr.

P/E

77.42

Astral Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Astral Ltd. Shareprice

Has the share price of Astral grown faster than its competition?

Astral has given lower returns compared to its competitors.
Astral has grown at ~22.87% over the last 5yrs while peers have grown at a median rate of 33.06%

Is Astral stock expensive?

Astral is not expensive.
Latest PE of Astral is 77.42, while 3 year average PE is 92.02.
Also latest EV/EBITDA of Astral is 42.38 while 3yr average is 53.91.

View FAQ's On Business

Growth Table

Astral Ltd.
Supreme Industries
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-30.51	-10.61	4.43	1.17	23.35	16.62	19.28	23.81	24.39	23.77
TTM EPS CAGR	-3.37	7.52	4.04	6.76	16.01	17.92	17.58	17.74	19.79	5.57
Sales CAGR	3.39	6.33	9.90	16.41	17.74	15.11	15.67	13.82	14.37	15.09
PAT Margin (Abs Growth)	0.76	-1.49	-3.18	-0.01	1.80	1.33	2.88	4.23	4.65	2.94
PE CAGR	-25.50	-16.35	0.78	-4.87	5.91	-0.91	1.17	5.07	3.97	17.38
CFO CAGR	47.85	23.13	7.43	19.38	19.21	19.56	32.61	17.56	24.21	28.43

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Astral Ltd.
Supreme Industries
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	1,301	1,462	1,675	2,099	2,289	2,673	3,387	4,362	4,496	5,056
Non Current Assets	667	759	899	1,175	1,283	1,364	1,602	2,083	2,466	2,907
Net Block	645	741	842	1,105	1,255	1,315	1,496	1,951	2,299	2,573
Capital Work in Progress	14.94	24.98	73.13	80.80	44.40	56.60	123	126	151	116
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	—	—	—	0.20	0.20	—	—	—	—	—
Current Assets	614	672	743	871	963	1,269	1,745	2,054	1,986	2,149
Inventory	277	272	357	397	540	472	733	875	913	1,011
Accounts Receivable	227	338	307	339	228	277	269	355	376	435
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	49.92	18.19	43.65	98.10	130	476	642	682	610	608
Liabilities	1,301	1,462	1,675	2,099	2,289	2,673	3,387	4,362	4,496	5,056
Shareholders Funds	708	847	1,018	1,278	1,503	1,896	2,337	2,711	3,188	3,617
Share Capital	11.97	11.98	11.98	12.00	15.10	20.10	20.10	26.90	26.90	26.90
Reserves	696	835	1,005	1,193	1,487	1,875	2,315	2,682	3,160	3,590
Non Current Liabilities	153	149	152	219	155	67.40	81.60	69.50	106	220
Secured Loans	131	119	92.61	138	83.60	11.50	31.10	29.50	13.80	—
Unsecured Loans	—	2.64	24.80	25.60	23.30	5.30	1.70	2.10	29.70	89.80
Current Liabilities	427	453	491	587	615	688	941	1,195	1,121	1,143
Accounts Payable	316	287	349	390	475	517	748	800	872	859
Short Term Loans	—	40.48	5.58	30.40	20.10	22.90	45.30	39.10	49.80	54.10

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Astral Ltd.
Supreme Industries
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	1,678	1,895	2,073	2,507	2,578	3,176	4,394	5,159	5,641	5,832
Operating Expenses	1,470	1,631	1,756	2,122	2,135	2,532	3,639	4,349	4,723	4,887
Raw Material	1,231	1,306	1,402	1,690	1,666	1,920	2,997	3,316	3,436	3,451
Material Cost (%)	71.83	68.80	66.74	65.72	61.90	61.99	65.16	64.51	59.38	58.69
Employee Cost	75.00	88.66	106	139	175	191	245	319	438	518
Power & Fuel Cost	36.01	43.54	53.25	65.30	70.30	64.30	77.70	102	131	—
Operating Profit	208	264	317	385	443	645	755	810	918	946
Other Income	2.33	9.12	12.68	15.40	12.10	25.10	34.90	26.70	42.10	41.30
OPM (%)	12.37	13.92	15.28	15.35	17.18	20.29	17.19	15.70	16.28	16.22
Depreciation and Amortisation	41.79	50.20	57.13	81.40	108	117	127	178	198	243
Interest	30.24	18.40	21.58	31.90	39.40	13.10	12.90	40.00	29.10	41.30
Profit Before Tax	131	201	248	283	306	533	649	615	734	703
Tax	29.56	56.16	72.45	86.10	56.50	125	158	156	188	184
Net Profit	101	145	175	196	248	404	484	457	546	519
Number of shares(Crs)	11.98	11.98	11.98	11.98	15.07	20.09	20.09	26.86	26.86	—
Dividend Payout Ratio(%)	4.75	4.14	4.10	4.29	6.09	9.94	12.46	20.62	18.47	—

TTM Values as of Mar 2025

Cash Flow

Astral Ltd.
Supreme Industries
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	226	114	282	342	405	664	543	557	823	630
Profit Before Tax	131	201	248	283	306	533	649	615	734	703
Adjustments	80.71	63.92	80.55	105	162	133	133	210	217	269
OCF Before Working Capital	212	265	329	388	468	666	781	825	951	972
Working Capital Changes	42.76	-107	16.06	30.80	18.80	114	-70.50	-103	50.00	-172
Taxes Paid	-29.21	-43.71	-62.87	-76.80	-81.50	-116	-168	-165	-177	-170
Cash from Investing Activity	-203	-158	-185	-293	-318	-454	71.50	-480	-541	-513
Net Fixed Assets Purchased	-134	-160	-184	-220	-213	-171	-345	-310	-550	-539
Fixed Assets Purchased	-136	-160	-189	-225	-218	-172	-346	-311	-554	-545
Fixed Assets Sold	1.10	0.57	5.23	5.30	4.90	0.60	1.40	1.10	3.70	5.40
Investment Purchased	—	—	-3.86	-4.00	-107	-1.90	—	-12.40	—	—
Investment Sold	—	—	0.89	0.70	1.80	0.20	8.30	9.40	24.20	22.10
Interest Recieved	0.25	0.79	0.74	5.40	1.10	3.20	3.50	3.20	6.60	4.70
Dividends Recieved	—	—	—	—	—	—	—	—	—	—
Subsidiary Investments	-69.77	—	—	—	—	—	—	—	-194	—
Cash from Financing Activity	15.65	12.05	-71.11	-5.00	-163	-153	-44.00	-191	-202	-118
Proceeds From Shares	59.00	0.08	—	0.20	—	0.10	—	—	—	—
Net Long Term Borrowings	11.07	-6.81	-7.21	46.80	-83.30	-122	-1.90	-22.80	8.40	45.60
Proceeds From Borrowings	72.45	48.07	56.93	130	21.30	1.70	22.10	5.80	35.90	48.70
Repayment From Borrowings	-61.38	-54.89	-64.14	-82.90	-105	-123	-24.00	-28.60	-27.50	-3.10
Interest Paid	-30.46	-18.80	-21.07	-31.20	-40.90	-14.00	-12.30	-36.60	-26.70	-34.20
Dividend Paid	-8.96	-2.90	-7.93	-9.40	-24.00	-15.10	-45.10	-60.30	-101	-101
Net Cash Flow	38.48	-31.74	25.46	43.60	-75.30	56.80	571	-113	79.90	-1.30
Opening Cash & Cash Equivalents	11.28	49.76	18.02	43.50	89.20	13.90	70.70	641	530	609
Effect of FX	-0.00	0.00	-0.00	0.01	—	—	—	—	—	—
Closing Cash & Cash Equivalents	49.76	18.02	43.49	89.20	13.90	70.70	641	530	609	608
Net Capex (est)	134	160	184	220	213	171	345	310	550	539
Free Cash Flow (est)	91.35	-45.48	97.97	122	192	493	199	247	273	90.20

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Astral Ltd.
Supreme Industries
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.78	0.79	0.88	0.79	0.81	0.69	1.16	1.08	0.99	0.96
Liquid Assets (Crs)	303	336	400	386	474	423	797	1,012	1,179	1,072
Current Liabilities (Crs)	390	427	453	491	587	615	688	941	1,195	1,121
Current Ratio	1.46	1.44	1.48	1.51	1.48	1.57	1.84	1.85	1.72	1.77
Current Assets (Crs)	568	614	672	743	871	963	1,269	1,745	2,054	1,986
Current Liabilities (Crs)	390	427	453	491	587	615	688	941	1,195	1,121
Interest Coverage Ratio	5.30	5.35	11.91	12.50	9.88	8.77	41.69	51.27	16.38	26.21
EBIT (Crs)	135	168	223	272	319	347	553	663	659	763
Interest Expenses (Crs)	25.45	30.24	18.40	21.58	31.90	39.40	13.10	12.90	40.00	29.10
Fixed Asset Turnover	2.05	2.44	2.28	2.09	1.88	1.62	1.80	2.12	1.91	1.74
Net Sales (Crs)	1,430	1,678	1,895	2,073	2,507	2,578	3,176	4,394	5,159	5,641
Fixed Assets (Crs)	697	687	830	990	1,332	1,589	1,768	2,074	2,705	3,240
Cash Conversion Cycle	68.53	64.86	53.22	64.20	54.90	49.37	28.58	16.07	22.92	20.75
Inventory Days	53.98	52.85	47.13	54.54	54.90	66.36	58.17	50.07	56.89	57.84
Days Receivable	44.29	44.77	48.52	55.92	47.01	40.13	28.99	22.67	22.06	23.63
Days Payable	29.74	32.76	42.43	46.26	47.00	57.13	58.58	56.67	56.03	60.71
Debt to Equity Ratio	0.33	0.28	0.27	0.19	0.22	0.12	0.04	0.04	0.03	0.03
Total Debt (Crs)	203	197	229	189	275	186	66.70	85.10	77.30	96.40
Shareholders Equity (Crs)	619	708	847	1,018	1,278	1,503	1,896	2,337	2,711	3,188
Free Cash Flow/Sales (%)	2.20	5.44	-2.40	4.73	4.88	7.45	15.52	4.52	4.79	4.84
Free Cash Flow(est) (Crs)	31.53	91.35	-45.48	97.97	122	192	493	199	247	273
Net Sales (Crs)	1,430	1,678	1,895	2,073	2,507	2,578	3,176	4,394	5,159	5,641
Profitability Ratios
Gross Margin (%)	26.65	28.17	31.20	33.26	34.28	38.10	38.01	34.84	35.49	40.62
Op Profit Margin (%)	11.77	12.37	13.92	15.28	15.35	17.18	20.29	17.19	15.70	16.28
Operating Profit (Crs)	171	210	273	329	400	455	670	790	837	960
Net Sales (Crs)	1,430	1,678	1,895	2,073	2,507	2,578	3,176	4,394	5,159	5,641
Net Profit Margin (%)	5.31	6.02	7.64	8.45	7.81	9.62	12.73	11.01	8.85	9.68
Net Profit (Crs)	75.89	101	145	175	196	248	404	484	457	546
Net Sales (Crs)	1,430	1,678	1,895	2,073	2,507	2,578	3,176	4,394	5,159	5,641
ROCE (%)	17.40	19.23	22.09	23.01	21.09	20.73	27.87	27.12	20.79	22.60
EBIT (Crs)	135	168	223	272	319	347	553	663	659	763
Capital Employed (Crs)	776	874	1,008	1,184	1,512	1,674	1,984	2,446	3,167	3,375
Return on Assets (%)	6.51	7.76	9.90	10.45	9.33	10.83	15.13	14.28	10.47	12.15
Net Profit (Crs)	75.89	101	145	175	196	248	404	484	457	546
Total Assets (Crs)	1,165	1,301	1,462	1,675	2,099	2,289	2,673	3,387	4,362	4,496
ROIC (%)	12.50	16.09	15.89	16.36	15.38	18.00	27.39	26.66	20.94	19.81
Op Profit after Taxes (Crs)	94.13	129	154	184	211	273	404	475	472	536
Invested Capital (Crs)	753	799	968	1,124	1,374	1,518	1,476	1,783	2,254	2,706
ROE (%)	12.27	14.25	17.08	17.19	15.32	16.49	21.33	20.71	16.84	17.13
Net Profit Margin (%)	5.31	6.02	7.64	8.45	7.81	9.62	12.73	11.01	8.85	9.68
Asset Turnover ratio	1.23	1.29	1.30	1.24	1.19	1.13	1.19	1.30	1.18	1.25
Equity Multiplier	1.88	1.84	1.73	1.65	1.64	1.52	1.41	1.45	1.61	1.41
Adjusted EPS	2.89	3.79	5.44	6.58	7.34	9.23	15.09	18.05	16.97	20.30
Valuation Ratios
P/E	69.10	49.76	45.32	61.27	70.99	56.31	80.36	84.06	78.76	98.05
Price to Book	8.49	7.11	7.75	10.56	11.54	9.30	17.16	17.42	13.28	16.81
EV/EBITDA	31.72	24.63	24.80	33.00	35.17	30.80	47.92	50.76	42.27	55.22
Dividend Yield (%)	0.08	0.10	0.09	0.07	0.06	0.11	0.12	0.15	0.26	0.19

Quarterly Results

Astral Ltd.
Supreme Industries
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	1,268	1,506	1,283	1,363	1,370	1,625	1,384	1,370	1,397	1,681
Operating Expenses	1,081	1,197	1,082	1,143	1,165	1,334	1,169	1,160	1,178	1,380
Increase/Decrease in Stock	16.10	43.90	-90.90	-34.40	3.40	35.90	-50.30	9.00	-44.90	58.40
Raw Material	818	869	880	852	822	923	854	804	861	932
Employee Cost	80.10	86.20	99.60	105	114	119	127	128	130	133
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	186	309	202	220	205	292	214	210	220	302
Other Income	-2.00	6.60	12.10	13.40	6.40	10.20	11.90	8.80	11.80	8.80
Interest	9.40	3.30	5.80	8.00	7.50	7.80	7.60	10.20	13.90	9.60
PBDT	175	310	208	226	204	294	219	209	217	301
Depreciation and Amortization	45.50	44.50	46.30	48.70	50.10	52.50	55.60	59.90	63.10	64.80
Profit Before Tax	130	266	162	177	154	241	163	149	154	236
Tax	34.60	65.40	42.30	45.10	40.60	60.00	43.60	40.10	41.60	58.30
Profit After Tax	94.90	201	119	132	113	181	120	109	113	178
Exceptional Items	0.00	-1.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	93.00	206	120	131	114	182	120	110	114	179
Quarterly Ratios
EPS	3.47	7.65	4.45	4.88	4.22	6.75	4.48	4.09	4.24	6.67
Operating Profit Margin	14.70	20.51	15.71	16.15	14.97	17.94	15.50	15.33	15.71	17.96
Net Profit Margin	7.51	13.79	9.30	9.66	8.27	11.16	8.64	7.93	8.07	10.59

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

71.60%

Implied Growth Rate over a 5 year period*

27.00%

Implied Growth Rate over a 10 year period*

12.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on Astral Ltd. Financials

How strong is Astral balance sheet?

Balance sheet of Astral is strong.
But short term working capital might become an issue for this company.

Is the debt of Astral increasing or decreasing?

Yes, The net debt of Astral is increasing.
Latest net debt of Astral is -₹464.4 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1,069.9 Crs.

Is the profitablity of Astral improving?

The profit is oscillating.
The profit of Astral is ₹519 Crs for TTM, ₹546 Crs for Mar 2024 and ₹457 Crs for Mar 2023.

Does Astral pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Astral latest dividend payout ratio is 18.47% and 3yr average dividend payout ratio is 17.19%

How has Astral allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery

View FAQ's On Shareholding

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Astral Ltd.

Astral Ltd.

Has the share price of Astral grown faster than its competition?

Is Astral stock expensive?

How strong is Astral balance sheet?

Is the debt of Astral increasing or decreasing?

Is the profitablity of Astral improving?

Does Astral pay decent dividends?

How has Astral allocated its funds?

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