- Total income
- ₹5,902 Cr
- Profit
- ₹524 Cr

About Astral Limited
Data last updated:
Astral Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 25 March 1996 and has been in existence for over 30 years.
Astral is ranked #403 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Sandeep Pravinbhai Engineer and family are #141 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25200GJ1996PLC029134. Its GSTIN is 24AABCA2951N1ZO (Gujarat). The company holds 25 GST registrations, of which 19 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532830 and NSE: ASTRAL.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹26.87 Cr. It was formerly known as Astral Poly Technik Limited and Astral Poly Technik Private Limited. It is led by directors including Sandeep Pravinchandra Engineer (Managing Director) and Girish Bhanubhai Joshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Astralhouse 207/1 B/Hrajpathclub Offs.G.Highway, Ahmedabad, Gujarat, India – 380059.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,568.6 Cr, a growth of 12.6% compared to the previous year. For the same year it recorded a net profit of ₹531.65 Cr (net margin 8.1%) and EBITDA of ₹1,039.3 Cr (EBITDA margin 15.8%). The net worth stands at ₹4,057.9 Cr (up 12.2% YoY). Total assets are valued at ₹4,327.5 Cr (up 10% YoY).
The company has about 2,788 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Astral Polytechnik and Astral Poly Technik. As per MCA filings, the company has open charges of ₹145 Cr and satisfied charges of ₹377.77 Cr on record. Court records list 154 cases involving the company, including 117 filed by the company and 37 filed against it; 64 cases are pending. The company has 40 deals on record (34 market trades, 5 funding rounds, 1 ipo), with disclosed funding of ₹13.16 Cr; the latest was in August 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website astralpipes.com.
Company details
Name history
Astral has undergone 4 name changes throughout its history. The current legal name is Astral Limited.
| Company Name | Status |
|---|---|
| Astral Limited | Current |
| Astral Poly Technik Limited | Previous |
| Astral Poly Technik Private Limited | Previous |
| Astral Poly Technik Limited | Previous |
CIN history
Astral has one previous CIN (Corporate Identification Number): U25200GJ1996PLC029134. The current CIN is L25200GJ1996PLC029134, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25200GJ1996PLC029134 | Current |
| U25200GJ1996PLC029134 | Previous |
Recognitions & Rankings of Astral
- Valuation
- ₹49,730 Cr
- #141 Sandeep Pravinbhai Engineer & family ₹25,400 Cr
Contact details
Astral Limited's registered office is in Ahmedabad, Gujarat. Its website is astralpipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAstralhouse 207/1 B/Hrajpathclub Offs.G.Highway, Ahmedabad, Gujarat, India – 380059
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Astral Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Astral operates two associated brands: Astral Polytechnik and Astral Poly Technik. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PVC pipes are manufactured for plumbing and drainage applications. | astralpipes.com | |
| CPVC pipes and fittings are manufactured in Ahmedabad, India. | astralcpvc.com |
Business activity
The main business activity of Astral is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Astral Limited, buy the company report.
Financials of Astral Limited
FY 2025-26 filings availableAstral Limited reported revenue of ₹6,568.6 Cr (up 12.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,569 | 5,832 | 5,641 | 5,158 | 4,394 | 3,176 | 2,578 |
| Revenue growth | +12.6% | +3.4% | +9.4% | +17.4% | +38.3% | +23.2% | - |
| EBITDA | 1,039 | 946 | 918 | 807 | 753 | 638 | 441 |
| EBITDA margin | +15.8% | +16.2% | +16.3% | +15.6% | +17.2% | +20.1% | +17.1% |
| Profit before tax | 731 | 702 | 734 | 628 | 648 | 533 | 306 |
| Net profit | 532 | 495 | 533 | 452 | 478 | 401 | 247 |
| Net profit margin | +8.1% | +8.5% | +9.5% | +8.8% | +10.9% | +12.6% | +9.6% |
| EPS (₹) | 19.95 | 19.47 | 20.30 | 16.97 | 24.07 | 20.12 | 16.42 |
| Balance sheet | |||||||
| Total assets | 4,328 | 3,934 | 3,393 | 3,049 | 2,464 | 2,000 | 1,713 |
| Net worth | 4,058 | 3,617 | 3,188 | 2,711 | 2,337 | 1,896 | 1,503 |
| Total debt | 250 | 233 | 119 | 87.10 | 98.30 | 80.20 | 191 |
| Cash & bank | 943 | 608 | 610 | 682 | 642 | 476 | 130 |
| Net working capital | 1,237 | 1,082 | 927 | 966 | 862 | 636 | 430 |
| Cash flow | |||||||
| Cash from operations | 1,117 | 630 | 823 | 557 | 543 | 664 | 405 |
| Cash from investing | (506) | (513) | (541) | (478) | 71.50 | (454) | (318) |
| Cash from financing | (328) | (118) | (202) | (191) | (44.00) | (153) | (163) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,578 | 2,088 | 1,542 | 1,577 | 1,361 | 1,681 | 1,397 | 1,370 |
| Revenue growth (YoY) | +15.9% | +24.2% | +10.3% | +15.1% | -1.6% | - | - | - |
| Other income | 12.80 | 17.30 | 9.50 | 11.40 | 9.10 | 8.90 | 11.80 | 8.80 |
| EBITDA | 231 | 377 | 221 | 257 | 185 | 302 | 219 | 210 |
| EBITDA margin | +14.7% | +18.0% | +14.3% | +16.3% | +13.6% | +18.0% | +15.7% | +15.3% |
| Depreciation | 75.40 | 74.00 | 73.40 | 72.30 | 71.90 | 64.80 | 63.10 | 59.90 |
| Interest | 5.80 | 23.50 | 12.60 | 16.00 | 12.30 | 9.60 | 13.90 | 10.20 |
| Profit before tax | 163 | 297 | 144 | 180 | 110 | 236 | 154 | 149 |
| Tax | 42.60 | 83.60 | 36.60 | 45.10 | 30.60 | 58.30 | 41.60 | 40.10 |
| Net profit | 120 | 213 | 108 | 135 | 79.20 | 178 | 113 | 109 |
| EPS (₹) | 4.47 | 7.93 | 4.01 | 5.02 | 3.02 | 6.67 | 4.25 | 4.10 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,908 | 5,296 | 5,103 | 4,612 | 3,443 | 2,486 | 2,043 |
| Revenue growth | +11.6% | +3.8% | +10.7% | +33.9% | +38.5% | +21.7% | - |
| EBITDA | 1,043 | 937 | 873 | 748 | 633 | 522 | 367 |
| EBITDA margin | +17.7% | +17.7% | +17.1% | +16.2% | +18.4% | +21.0% | +18.0% |
| Profit before tax | 824 | 759 | 735 | 601 | 547 | 439 | 254 |
| Net profit | 602 | 539 | 540 | 444 | 403 | 334 | 202 |
| Net profit margin | +10.2% | +10.2% | +10.6% | +9.6% | +11.7% | +13.5% | +9.9% |
| EPS (₹) | 22.71 | 21.05 | 20.46 | 16.65 | 20.14 | 16.26 | 13.30 |
| Balance sheet | |||||||
| Total assets | 4,226 | 3,717 | 3,184 | 2,692 | 2,042 | 1,676 | 1,454 |
| Net worth | 4,107 | 3,596 | 3,130 | 2,679 | 2,006 | 1,645 | 1,332 |
| Total debt | 100 | 113 | 49.00 | 9.70 | 34.20 | 29.20 | 122 |
| Cash & bank | 921 | 581 | 567 | 445 | 438 | 324 | 71.00 |
| Net working capital | 1,019 | 885 | 719 | 722 | 538 | 394 | 232 |
| Cash flow | |||||||
| Cash from operations | 1,084 | 620 | 788 | - | 471 | 515 | 339 |
| Cash from investing | (606) | (511) | (517) | - | (38.10) | (350) | (241) |
| Cash from financing | (189) | (95.00) | (98.90) | - | (54.00) | (116) | (141) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,368 | 1,903 | 1,382 | 1,416 | 1,207 | 1,542 | 1,270 | 1,230 |
| Revenue growth (YoY) | +13.3% | +23.4% | +8.7% | +15.1% | -3.7% | - | - | - |
| Other income | 16.70 | 17.80 | 12.80 | 12.50 | 15.30 | 11.20 | 8.50 | 12.80 |
| Total expenses | 1,143 | 1,519 | 1,158 | 1,160 | 1,028 | 1,243 | 1,049 | 1,024 |
| EBITDA | 225 | 384 | 224 | 256 | 180 | 300 | 222 | 206 |
| EBITDA margin | +16.4% | +20.2% | +16.2% | +18.1% | +14.9% | +19.4% | +17.5% | +16.8% |
| Depreciation | 57.90 | 57.00 | 57.10 | 55.60 | 55.90 | 51.30 | 49.80 | 47.30 |
| Interest | 2.20 | 21.30 | 9.30 | 12.60 | 8.70 | 7.10 | 11.10 | 7.30 |
| Profit before tax | 182 | 323 | 170 | 200 | 130 | 252 | 169 | 165 |
| Tax | 45.80 | 85.70 | 43.20 | 50.30 | 33.60 | 62.30 | 43.50 | 42.40 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,578 | 2,088 | 1,542 | 1,577 | 1,361 | 1,681 | 1,397 | 1,370 |
| Revenue growth (YoY) | +15.9% | +24.2% | +10.3% | +15.1% | -1.6% | - | - | - |
| Other income | 12.80 | 17.30 | 9.50 | 11.40 | 9.10 | 8.90 | 11.80 | 8.80 |
| EBITDA | 231 | 377 | 221 | 257 | 185 | 302 | 219 | 210 |
| EBITDA margin | +14.7% | +18.0% | +14.3% | +16.3% | +13.6% | +18.0% | +15.7% | +15.3% |
| Depreciation | 75.40 | 74.00 | 73.40 | 72.30 | 71.90 | 64.80 | 63.10 | 59.90 |
| Interest | 5.80 | 23.50 | 12.60 | 16.00 | 12.30 | 9.60 | 13.90 | 10.20 |
| Profit before tax | 163 | 297 | 144 | 180 | 110 | 236 | 154 | 149 |
| Tax | 42.60 | 83.60 | 36.60 | 45.10 | 30.60 | 58.30 | 41.60 | 40.10 |
| Net profit | 120 | 213 | 108 | 135 | 79.20 | 178 | 113 | 109 |
| EPS (₹) | 4.47 | 7.93 | 4.01 | 5.02 | 3.02 | 6.67 | 4.25 | 4.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,569 | 5,832 | 5,641 | 5,158 | 4,394 | 3,176 | 2,578 |
| Revenue growth | +12.6% | +3.4% | +9.4% | +17.4% | +38.3% | +23.2% | - |
| Other income | 47.30 | 41.30 | 42.10 | 39.70 | 34.90 | 25.10 | 12.10 |
| Total expenses | 5,529 | 4,886 | 4,723 | 4,352 | 3,641 | 2,539 | 2,137 |
| Employee cost | 590 | 518 | 438 | 319 | 245 | 191 | 175 |
| EBITDA | 1,039 | 946 | 918 | 807 | 753 | 638 | 441 |
| EBITDA margin | +15.8% | +16.2% | +16.3% | +15.6% | +17.2% | +20.1% | +17.1% |
| Depreciation | 292 | 243 | 198 | 178 | 127 | 116 | 108 |
| Interest | 64.40 | 41.30 | 29.10 | 40.00 | 12.90 | 13.10 | 39.40 |
| Profit before tax | 731 | 702 | 734 | 628 | 648 | 533 | 306 |
| Tax | 196 | 184 | 188 | 156 | 158 | 125 | 56.50 |
| Net profit | 532 | 495 | 533 | 452 | 478 | 401 | 247 |
| Net profit margin | +8.1% | +8.5% | +9.5% | +8.8% | +10.9% | +12.6% | +9.6% |
| EPS (₹) | 19.95 | 19.47 | 20.30 | 16.97 | 24.07 | 20.12 | 16.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.90 | 26.90 | 26.90 | 26.90 | 20.10 | 20.10 | 15.10 |
| Reserves & surplus | 4,031 | 3,590 | 3,161 | 2,684 | 2,316 | 1,876 | 1,488 |
| Shareholders' funds (net worth) | 4,058 | 3,617 | 3,188 | 2,711 | 2,337 | 1,896 | 1,503 |
| Minority interest | 0.00 | 75.70 | 80.40 | 248 | 27.80 | 21.20 | 16.80 |
| Secured loans | 88.60 | 65.50 | 66.40 | 75.20 | 76.40 | 52.70 | 142 |
| Unsecured loans | 162 | 168 | 53.00 | 11.90 | 21.90 | 27.50 | 49.30 |
| Total debt | 250 | 233 | 119 | 87.10 | 98.30 | 80.20 | 191 |
| Total liabilities | 4,328 | 3,934 | 3,393 | 3,049 | 2,464 | 2,000 | 1,713 |
| Assets | |||||||
| Gross block | 4,402 | 3,893 | 3,240 | 2,705 | 2,074 | 1,768 | 1,589 |
| Net block | 2,939 | 2,712 | 2,299 | 1,950 | 1,496 | 1,314 | 1,255 |
| Capital work in progress | 94.30 | 116 | 151 | 126 | 123 | 56.60 | 44.40 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 |
| Inventories | 1,117 | 1,011 | 913 | 875 | 733 | 472 | 540 |
| Sundry debtors | 475 | 435 | 376 | 354 | 269 | 277 | 228 |
| Cash & bank balances | 943 | 608 | 610 | 682 | 642 | 476 | 130 |
| Loans & advances | 103 | 94.10 | 86.80 | 338 | 101 | 44.20 | 64.70 |
| Total current assets | 2,639 | 2,149 | 1,986 | 2,249 | 1,745 | 1,269 | 963 |
| Total current liabilities | 1,402 | 1,066 | 1,059 | 1,283 | 883 | 633 | 533 |
| Net working capital | 1,237 | 1,082 | 927 | 966 | 862 | 636 | 430 |
| Total assets | 4,328 | 3,934 | 3,393 | 3,049 | 2,464 | 2,000 | 1,713 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 608 | 609 | 530 | 641 | 70.70 | 13.90 | 89.20 |
| Net cash from operating activities | 1,117 | 630 | 823 | 557 | 543 | 664 | 405 |
| Net cash from investing activities | (506) | (513) | (541) | (478) | 71.50 | (454) | (318) |
| Net cash from financing activities | (328) | (118) | (202) | (191) | (44.00) | (153) | (163) |
| Net change in cash | 282 | (1.30) | 79.90 | (112) | 571 | 56.80 | (75.30) |
| Closing cash | 943 | 608 | 610 | 682 | 642 | 476 | 130 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.6% | +3.4% | +9.4% | +17.4% | +38.3% | +23.2% | - |
| EBITDA growth | +9.9% | +3.0% | +13.8% | +7.1% | +18.2% | +44.5% | - |
| PBT growth | +4.0% | -4.2% | +16.8% | -3.1% | +21.7% | +74.1% | +8.0% |
| Net income growth | +7.5% | -7.2% | +17.9% | -5.4% | +19.1% | +62.3% | - |
| Revenue CAGR (3Y) | +8.4% | +9.9% | +21.1% | +26.0% | +20.6% | +15.3% | +10.8% |
| EBITDA CAGR (3Y) | +8.8% | +7.9% | +12.9% | +22.3% | +25.5% | +26.6% | +19.3% |
| Profitability & leverage | |||||||
| Net income margin | +8.1% | +8.9% | +9.7% | +9.2% | +11.2% | +12.9% | +9.7% |
| Return on capital employed | +19.4% | +20.8% | +25.0% | +25.5% | +30.0% | +29.7% | +21.3% |
| Return on net worth | +13.9% | +15.3% | +18.5% | +18.7% | +23.2% | +24.0% | +18.0% |
| Debt / equity | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.08 | 0.17 |
| Long-term debt / equity | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.10 |
| Interest cover | 8.61 | 5.88 | 4.04 | 6.36 | 2.06 | 2.51 | 11.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.58 | 1.64 | 1.90 | 2.16 | 2.29 | 1.89 | 1.77 |
| Inventory turnover | 6.17 | 6.06 | 6.31 | 6.42 | 7.29 | 6.27 | 5.50 |
| Debtors turnover | 14.43 | 14.38 | 15.45 | 16.54 | 16.10 | 12.59 | 9.09 |
| EPS (₹) | 19.95 | 19.47 | 20.30 | 16.97 | 24.07 | 20.12 | 16.42 |
| Dividend per share (₹) | 2.50 | 3.75 | 3.75 | 3.50 | 3.00 | 2.00 | 1.00 |
| Book value per share (₹) | 150.81 | 134.42 | 118.47 | 100.74 | 116.19 | 94.26 | 99.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,368 | 1,903 | 1,382 | 1,416 | 1,207 | 1,542 | 1,270 | 1,230 |
| Revenue growth (YoY) | +13.3% | +23.4% | +8.7% | +15.1% | -3.7% | - | - | - |
| Other income | 16.70 | 17.80 | 12.80 | 12.50 | 15.30 | 11.20 | 8.50 | 12.80 |
| Total expenses | 1,143 | 1,519 | 1,158 | 1,160 | 1,028 | 1,243 | 1,049 | 1,024 |
| EBITDA | 225 | 384 | 224 | 256 | 180 | 300 | 222 | 206 |
| EBITDA margin | +16.4% | +20.2% | +16.2% | +18.1% | +14.9% | +19.4% | +17.5% | +16.8% |
| Depreciation | 57.90 | 57.00 | 57.10 | 55.60 | 55.90 | 51.30 | 49.80 | 47.30 |
| Interest | 2.20 | 21.30 | 9.30 | 12.60 | 8.70 | 7.10 | 11.10 | 7.30 |
| Profit before tax | 182 | 323 | 170 | 200 | 130 | 252 | 169 | 165 |
| Tax | 45.80 | 85.70 | 43.20 | 50.30 | 33.60 | 62.30 | 43.50 | 42.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,908 | 5,296 | 5,103 | 4,612 | 3,443 | 2,486 | 2,043 |
| Revenue growth | +11.6% | +3.8% | +10.7% | +33.9% | +38.5% | +21.7% | - |
| Other income | 58.40 | 44.40 | 39.00 | 23.90 | 27.40 | 20.70 | 10.90 |
| Total expenses | 4,865 | 4,359 | 4,231 | 3,864 | 2,810 | 1,964 | 1,676 |
| Employee cost | 447 | 409 | 342 | 247 | 130 | 104 | 97.70 |
| EBITDA | 1,043 | 937 | 873 | 748 | 633 | 522 | 367 |
| EBITDA margin | +17.7% | +17.7% | +17.1% | +16.2% | +18.4% | +21.0% | +18.0% |
| Depreciation | 226 | 192 | 156 | 137 | 105 | 96.20 | 89.90 |
| Interest | 51.90 | 30.60 | 21.00 | 33.30 | 8.90 | 7.60 | 33.70 |
| Profit before tax | 824 | 759 | 735 | 601 | 547 | 439 | 254 |
| Tax | 213 | 192 | 185 | 153 | 142 | 112 | 53.70 |
| Net profit | 602 | 539 | 540 | 444 | 403 | 334 | 202 |
| Net profit margin | +10.2% | +10.2% | +10.6% | +9.6% | +11.7% | +13.5% | +9.9% |
| EPS (₹) | 22.71 | 21.05 | 20.46 | 16.65 | 20.14 | 16.26 | 13.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.90 | 26.90 | 26.90 | 26.90 | 20.10 | 20.10 | 15.10 |
| Reserves & surplus | 4,080 | 3,569 | 3,103 | 2,652 | 1,986 | 1,625 | 1,317 |
| Shareholders' funds (net worth) | 4,107 | 3,596 | 3,130 | 2,679 | 2,006 | 1,645 | 1,332 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 24.30 | 13.60 | 95.00 |
| Unsecured loans | 100 | 113 | 49.00 | 9.70 | 9.90 | 15.60 | 26.60 |
| Total debt | 100 | 113 | 49.00 | 9.70 | 34.20 | 29.20 | 122 |
| Total liabilities | 4,226 | 3,717 | 3,184 | 2,692 | 2,042 | 1,676 | 1,454 |
| Assets | |||||||
| Gross block | 3,624 | 3,250 | 2,696 | 2,193 | 1,534 | 1,247 | 1,098 |
| Net block | 2,436 | 2,265 | 1,896 | 1,531 | 1,058 | 875 | 822 |
| Capital work in progress | 75.90 | 95.60 | 146 | 126 | 103 | 52.20 | 42.60 |
| Investments | 484 | 371 | 371 | 287 | 334 | 334 | 339 |
| Inventories | 963 | 887 | 803 | 770 | 548 | 360 | 422 |
| Sundry debtors | 335 | 316 | 267 | 235 | 153 | 180 | 139 |
| Cash & bank balances | 921 | 581 | 567 | 445 | 438 | 324 | 71.00 |
| Loans & advances | 80.20 | 82.90 | 66.00 | 129 | 77.10 | 39.00 | 49.60 |
| Total current assets | 2,299 | 1,867 | 1,703 | 1,579 | 1,216 | 903 | 682 |
| Total current liabilities | 1,280 | 982 | 984 | 856 | 678 | 509 | 450 |
| Net working capital | 1,019 | 885 | 719 | 722 | 538 | 394 | 232 |
| Total assets | 4,226 | 3,717 | 3,184 | 2,692 | 2,042 | 1,676 | 1,454 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 581 | 567 | 394 | - | 58.60 | 10.90 | 53.10 |
| Net cash from operating activities | 1,084 | 620 | 788 | - | 471 | 515 | 339 |
| Net cash from investing activities | (606) | (511) | (517) | - | (38.10) | (350) | (241) |
| Net cash from financing activities | (189) | (95.00) | (98.90) | - | (54.00) | (116) | (141) |
| Net change in cash | 290 | 14.20 | 173 | - | 379 | 47.70 | (42.20) |
| Closing cash | 921 | 581 | 567 | - | 438 | 324 | 71.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.6% | +3.8% | +10.7% | +33.9% | +38.5% | +21.7% | - |
| EBITDA growth | +11.3% | +7.4% | +16.7% | +18.1% | +21.2% | +42.2% | - |
| PBT growth | +8.6% | +3.2% | +22.3% | +10.0% | +24.5% | +72.5% | +16.6% |
| Net income growth | +11.8% | -0.3% | +21.8% | +10.1% | +20.5% | +65.3% | - |
| Revenue CAGR (3Y) | +8.6% | +15.4% | +27.1% | +31.2% | +21.6% | +16.3% | +11.4% |
| EBITDA CAGR (3Y) | +11.7% | +14.0% | +18.7% | +26.8% | +28.0% | +30.7% | +21.1% |
| Profitability & leverage | |||||||
| Net income margin | +10.3% | +10.7% | +10.8% | +9.7% | +11.8% | +13.2% | +9.8% |
| Return on capital employed | +22.1% | +22.9% | +25.8% | - | +29.9% | +28.6% | +20.6% |
| Return on net worth | +15.9% | +16.9% | +19.0% | - | +22.2% | +22.0% | +16.2% |
| Debt / equity | 0.03 | 0.02 | 0.01 | - | 0.02 | 0.05 | 0.13 |
| Long-term debt / equity | 0.02 | 0.02 | 0.01 | - | 0.01 | 0.03 | -0.11 |
| Interest cover | 6.35 | 4.11 | 2.93 | 5.46 | 1.69 | 1.78 | 12.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.72 | 1.78 | 2.09 | - | 2.48 | 2.12 | 2.07 |
| Inventory turnover | 6.39 | 6.27 | 6.49 | - | 7.59 | 6.35 | 5.66 |
| Debtors turnover | 18.17 | 18.16 | 20.31 | - | 20.67 | 15.59 | 11.27 |
| EPS (₹) | 22.71 | 21.05 | 20.46 | 16.65 | 20.14 | 16.26 | 13.30 |
| Dividend per share (₹) | 2.50 | 3.75 | 3.75 | 3.50 | 3.00 | 2.00 | 1.00 |
| Book value per share (₹) | 152.63 | 133.63 | 116.30 | 99.56 | 99.76 | 81.79 | 88.11 |
To see the full year-wise statements and ratios of Astral Limited, buy the company report.
Board of directors of Astral Limited
Astral has 11 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Bhanubhai Joshi Also directs: Astral Coatings Private Limited | Whole-Time Director | 01 Jul 2021 | 5 Years 3 Months | Current |
| Viral Maheshbhai Jhaveri | Director | 24 Oct 2019 | 7 Years 0 Months | Current |
| Jagruti Sandeep Engineer | Whole-Time Director | 25 Mar 1996 | 30 Years 7 Months | Current |
| Chikmagalur Kalasheety Gopal | Director | 11 Feb 2020 | 6 Years 8 Months | Current |
| Sandeep Pravinchandra Engineer Also directs: Saumya Polymers LLP, Kairav Chemicals Limited, Astral Coatings Private Limited and 4 more | Managing Director | 25 Mar 1996 | 30 Years 7 Months | Current |
| Hiranand Asandas Savlani Also directs: Astral Coatings Private Limited | Whole-Time Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Astral Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 54.20%, foreign institutional investors hold 13.90%, domestic institutional investors hold 21.30% and retail and other public shareholders hold 10.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.20% | 54.20% | 54.20% | 54.20% |
| Public | 45.80% | 45.80% | 45.80% | 45.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2015 | 10549636 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open | |
| 13 Sep 2011 | 10308431 | Idbi Trusteeship Services Limited | ₹15 Cr | Open | |
| 03 Mar 2008 | 10091244 | Standard Chartered Bank | ₹30 Cr | Open | |
| 30 May 2019 | 100274960 | Axis Bank Limited | ₹1.77 Cr | Satisfied | |
| 02 Apr 2016 | 100023369 | The Hongkong and Shanghai Banking Corporation Limited | ₹187.5 Cr | Satisfied |
To see the full charge records of Astral Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Astral Limited has 40 deals on record (34 market trades, 5 funding rounds, 1 ipo), with disclosed funding of ₹13.16 Cr; the latest was in August 2026.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Market trade | ₹884.57 Cr | Buyer: Morgan Stanley Institutional Fund Inc Emerging Markets Portfolio, Nippon India Mutual Fund, GIC Singapore Seller: Saumya Polymers LLP , Kairav Chemicals Limited |
| Dec 2023 | Market trade | ₹684.25 Cr | Seller: Saumya Polymers LLP |
| Sep 2019 | Market trade | ₹692.99 Cr | Buyer: Hdfc Mutual Fund Ac Hdfc Small And Mid Cap Fund Seller: Saumya Polymers LLP |
| Aug 2017 | Market trade | ₹64.51 Cr | Seller: Saumya Polymers LLP |
| Mar 2009 | Market trade | ₹1.92 Cr | Buyer: Rajasthan Global Securities Private Limited , an individual Seller: Rajasthan Global Securities Private Limited |
To see the full deal history of Astral Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Astral Limited has 154 court cases on record: 117 filed by Astral, 37 filed against it. 64 cases are pending and 90 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 101 | 25 | 47 |
| High courts | 46 | 11 | 15 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 4 | 1 | 2 |
Cases on record (5 of 154)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4702-Transfer Petitions : Transfer Petitions under Article 139A(2) of the Constitution of India) | Filed by the company against M/S Pal Enterprise and 1 other | Pending |
| Supreme Court | Court case (2701-Intellectual Property Rights Law and Information Technology : Copyright, patent, trade mark, design, passing off) | Filed against the company by M/S. Ajay Enterprises | Disposed |
| Supreme Court | Court case (4702-Transfer Petitions : Transfer Petitions under Article 139A(2) of the Constitution of India) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Prince Pipes and Fittings Ltd. and 2 Others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Prince Pipes and Fittings Ltd. and 2 Ors. and 2 others | Pending |
To see the full case history of Astral Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Astral Limited was last rated by Care on 20 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 20 Sep 2022 |
To see the full credit ratings and regulatory alerts of Astral Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Astral Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Astral has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gem Paints Private Limited | U24220KA1980PTC003715 | |
| Esha Paints Private Limited | U24222KA2022PTC160270 | |
| Enterprise Technology Services Private Limited | U72200WB2000PTC090898 | |
| Astral Foundation | U85300GJ2020NPL112779 |
To see the full group structure of Astral Limited, buy the company report.
Employees & EPFO
Astral Limited has a workforce of 2,788 employees on its EPFO records as of Apr 10, 2024, across 3 active EPFO establishments.
GST
Astral has 25 GST registrations: 19 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA2951N1ZO | Gujarat | Active | 01 Jul 2017 |
| 24AABCA2951N3ZM | Gujarat | Active | 25 Feb 2020 |
| 07AABCA2951N1ZK | Delhi | Active | 01 Jul 2017 |
| 08AABCA2951N2ZH | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Astral Limited, buy the company report.
Recent activity
Astral Limited has 32 board changes on record since 1996: 22 appointments and 10 cessations. The latest: Kaushal Dakshesh Nakrani ceased to be Director on 16 Sep 2025.
54 earlier events are in the company report.
News
Frequently asked questions
Astral is an active public limited company based in Ahmedabad, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 25 March 1996 (30+ years old) and is registered under CIN L25200GJ1996PLC029134. Listed on BSE: 532830 and NSE: ASTRAL.
Astral reported revenue of ₹6,568.6 Cr for FY 2025-26 (up 12.6% YoY) based on consolidated financials.
Astral has 11 current directors:
- Sandeep Pravinchandra Engineer - Managing Director
- Girish Bhanubhai Joshi - Whole-Time Director
- Jagruti Sandeep Engineer - Whole-Time Director
- Hiranand Asandas Savlani - Whole-Time Director
- Kairav Sandeep Engineer - Whole-Time Director
- Viral Maheshbhai Jhaveri - Director
- Chikmagalur Kalasheety Gopal - Director
- Rajendra Kishore Mariwala - Director
- Tanvi Vishal Rangwala - Director
- Dhinal Ashvinbhai Shah - Director
- Chetas Gulabbhai Desai - Director
The latest financial statements of Astral on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Astral is 24AABCA2951N1ZO, registered in Gujarat. The company has 25 GST registrations in all, of which 19 are active and 6 are cancelled or inactive. Other active GSTINs include 24AABCA2951N3ZM (Gujarat), 07AABCA2951N1ZK (Delhi), 08AABCA2951N2ZH (Rajasthan).
The CIN (Corporate Identification Number) of Astral is L25200GJ1996PLC029134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Astral is a listed company as per MCA records. Its shares are listed on both BSE (code: 532830) and NSE (symbol: ASTRAL).
Astral has 154 court cases on record: 117 filed by the company and 37 filed against it. 64 are pending. Most are in the district courts.
Astral was incorporated on 25 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Astral has 40 deals on record (34 market trades, 5 funding rounds, 1 ipo), with disclosed funding of ₹13.16 Cr; the latest was in August 2026.