About Astral Limited
Data last updated: 06 January 2026
Astral Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in pipe and tubes, a part of the broader manufacturing sector. Incorporated on 25 March 1996, the company has been in operation for over 30 years.
Registered with ROC Ahmedabad under CIN L25200GJ1996PLC029134. Listed on BSE: 532830 and NSE: ASTRAL.
Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹26.87 Cr. Formerly known as Astral Poly Technik Limited and Astral Poly Technik Private Limited. It is led by directors including Rajendra Kishore Mariwala and Chintankumar Mahendrabhai Patel.
Last AGM: 25 August 2025. Financial statements filed for year ended 31 March 2025. Office: Astralhouse 207/1 B/Hrajpathclub Offs.G.Highway, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,873.7 Cr, a growth of 3% compared to the previous year.
The company has a workforce of approximately 2,788 employees as per the latest available data. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands - Astral Polytechnik, Astral Poly Technik. As per MCA filings, the company has open charges of ₹170 Cr and satisfied charges of ₹352.77 Cr on record.
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.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered AddressAstralhouse 207/1 B/Hrajpathclub Offs.G.Highway, Ahmedabad, Gujarat, India – 380059
-
IndustryManufacturing, Pipe & Tubes
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Astral Limited
Astral Limited has undergone 4 name changes throughout its history. The current legal name is Astral Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Astral Limited | Current |
| Astral Poly Technik Limited | Previous |
| Astral Poly Technik Private Limited | Previous |
| Astral Poly Technik Limited | Previous |
CIN History of Astral Limited
Astral Limited 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 |
Associated Brands with Astral Limited
Astral Limited operates two associated brands: Astral Polytechnik and Astral Poly Technik. These brands represent Astral Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Astral Limited
Brands and companies operating in the same space as Astral Limited include Vectus, Aliaxis, Uponor and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Vectus
|
Vectus is recognized as a leading manufacturer of water storage solutions in India. | Noida, India, India | 1989 |
Aliaxis
|
Piping systems are designed, manufactured, and distributed for multiple sectors. | Brussels, Belgium, Belgium | 2003 |
Uponor
|
Heating, cooling, plumbing, and infrastructure solutions are provided globally. | Vantaa, Finland, Finland | 1918 |
Atkore
|
Manufacturer of cable wires | - | 1959 |
Ashirvad
|
PVC and CPVC piping systems are manufactured for plumbing applications. | Bengaluru, India, India | 1998 |
Apollo Pipes
|
Manufacturer of PVC pipes, fittings, and bathroom fixtures | Noida, India, India | 1985 |
Stelrad
|
Panel radiators are manufactured by Stelrad in the United Kingdom. | Rotherham, United Kingdom, United Kingdom | 1936 |
EJOT
|
Manufacturer of fasteners, pipe flashings, installation tools, and accessories | Bad Berleburg, Germany, Germany | 1922 |
Charlotte Pipe and Foundry
|
Manufactures pipe and fittings for plumbing markets worldwide. | Charlotte, United States, United States | 1901 |
Business Activity of Astral Limited
Astral Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | ********* |
Auditor Details of Astral Limited
Astral Limited is audited by S R B C & CO LLP (ICAI peer reviewed, certificate valid till 2029-02-28) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| S R B C & CO LLP (ICAI peer reviewed, certificate valid till 2029-02-28) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Astral Limited
Astral Limited is currently managed by 13 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kishore Mariwala | Director | 15 Jul 2025 | 0 Years 11 Months | Current |
|
Chintankumar Mahendrabhai Patel
Also directs:
Astral Limited
|
Company Secretary | 07 Nov 2024 | 1 Years 8 Months | Current |
|
Girish Bhanubhai Joshi
Also directs:
Astral Limited, Astral Coatings Private Limited
|
Whole-Time Director | 01 Jul 2021 | 5 Years 0 Months | Current |
|
Tanvi Vishal Rangwala
Also directs:
Astral Limited, Advantterra Capital Management Llp, Transformers And Rectifiers (India) Limited and 1 more
|
Director | 15 Jul 2025 | 0 Years 11 Months | Current |
| Sandeep Pravinbhai Engineer | Managing Director | 25 Mar 1996 | 30 Years 3 Months | Current |
| Jagruti Sandeep Engineer | Whole-Time Director | 25 Mar 1996 | 30 Years 3 Months | Current |
Financials of Astral Limited FY 2026 filings available
Astral Limited reported revenue of ₹6,568.6 Cr (up 12.62% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6,568.6 Cr | ₹5,832.4 Cr | ₹5,641.4 Cr | ₹5,158.5 Cr | ₹4,394 Cr | ₹3,176.3 Cr | ₹2,577.9 Cr |
| Other Income | ₹47.3 Cr | ₹41.3 Cr | ₹42.1 Cr | ₹26.7 Cr | ₹34.9 Cr | ₹25.1 Cr | ₹12.1 Cr |
| Total Income | ₹6,615.9 Cr | ₹5,873.7 Cr | ₹5,683.5 Cr | ₹5,185.2 Cr | ₹4,428.9 Cr | ₹3,201.4 Cr | ₹2,590 Cr |
| Cost of Materials Consumed | ₹3,852.7 Cr | ₹3,451.1 Cr | ₹3,477.4 Cr | ₹3,362.2 Cr | ₹3,030 Cr | ₹1,898.1 Cr | ₹1,642.9 Cr |
| Purchases of Stock-in-Trade | ₹115.5 Cr | ₹95.9 Cr | ₹67.6 Cr | ₹60.4 Cr | ₹31.4 Cr | ₹21.6 Cr | ₹22.7 Cr |
| Changes in Inventories | -₹17.1 Cr | -₹27.8 Cr | -₹86 Cr | ₹12.1 Cr | -₹133.4 Cr | ₹49.2 Cr | -₹69.9 Cr |
| Employee Benefit Expense | ₹590.4 Cr | ₹517.9 Cr | ₹438.4 Cr | ₹319.3 Cr | ₹245.3 Cr | ₹191 Cr | ₹175.2 Cr |
| Finance Costs | ₹64.4 Cr | ₹41.3 Cr | ₹29.1 Cr | ₹40 Cr | ₹12.9 Cr | ₹13.1 Cr | ₹39.4 Cr |
| Depreciation & Amortisation | ₹291.6 Cr | ₹243.4 Cr | ₹197.6 Cr | ₹178.1 Cr | ₹126.9 Cr | ₹116.5 Cr | ₹107.9 Cr |
| Other Expenses | ₹965.2 Cr | ₹849.4 Cr | ₹825.7 Cr | ₹594.6 Cr | ₹465.4 Cr | ₹371.9 Cr | ₹364.1 Cr |
| Total Expenses | ₹5,862.7 Cr | ₹5,171.2 Cr | ₹4,949.8 Cr | ₹4,566.7 Cr | ₹3,778.5 Cr | ₹2,661.4 Cr | ₹2,282.3 Cr |
| Profit Before Exceptional Items & Tax | ₹753.2 Cr | ₹702.5 Cr | ₹733.7 Cr | ₹618.5 Cr | ₹650.4 Cr | ₹540 Cr | ₹307.7 Cr |
| Exceptional Items | -₹22.6 Cr | ₹0 | ₹0 | -₹1.8 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹730.6 Cr | ₹702.5 Cr | ₹733.7 Cr | ₹616.7 Cr | ₹650.4 Cr | ₹540 Cr | ₹307.7 Cr |
| Total Tax Expense | ₹195.9 Cr | ₹183.6 Cr | ₹188 Cr | ₹155.7 Cr | ₹158.1 Cr | ₹124.8 Cr | ₹56.5 Cr |
| Net Profit | ₹534.7 Cr | ₹518.9 Cr | ₹545.6 Cr | ₹472.5 Cr | ₹490.4 Cr | ₹408.2 Cr | ₹249.6 Cr |
| attributable to Owners | ₹536.6 Cr | ₹523.8 Cr | ₹546.1 Cr | ₹456.6 Cr | ₹483.8 Cr | ₹404.4 Cr | ₹247.9 Cr |
| attributable to NCI | -₹1.9 Cr | -₹4.9 Cr | -₹50 Lakh | ₹15.9 Cr | ₹6.6 Cr | ₹3.8 Cr | ₹1.7 Cr |
| Other Comprehensive Income | ₹10.1 Cr | ₹4.2 Cr | ₹3 Cr | ₹44.6 Cr | ₹60 Lakh | ₹2.8 Cr | ₹30 Lakh |
| Total Comprehensive Income | ₹544.8 Cr | ₹523.1 Cr | ₹548.6 Cr | ₹517.1 Cr | ₹491 Cr | ₹411 Cr | ₹249.9 Cr |
| EBITDA (computed) | ₹1,109.2 Cr | ₹987.2 Cr | ₹960.4 Cr | ₹836.6 Cr | ₹790.2 Cr | ₹669.6 Cr | ₹455 Cr |
| Basic EPS | ₹19.97 | ₹6.67 | ₹20.33 | ₹17.00 | ₹24.08 | ₹20.13 | ₹16.45 |
| Diluted EPS | ₹19.97 | ₹19.50 | ₹20.33 | ₹17.00 | ₹24.08 | ₹20.13 | ₹16.45 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹5,811.9 Cr | ₹5,056 Cr | ₹4,497.9 Cr | ₹4,373.1 Cr |
| Non-current Assets | ₹3,172.8 Cr | ₹2,907.2 Cr | ₹2,512.3 Cr | ₹2,123.9 Cr |
| Current Assets | ₹2,639.1 Cr | ₹2,148.8 Cr | ₹1,985.6 Cr | ₹2,053.9 Cr |
| Property, Plant & Equipment | ₹2,538.8 Cr | ₹2,281.2 Cr | ₹1,834.6 Cr | ₹1,456.7 Cr |
| Inventories | ₹1,117.3 Cr | ₹1,011.1 Cr | ₹913.4 Cr | ₹874.6 Cr |
| Trade Receivables | ₹475.1 Cr | ₹435.3 Cr | ₹375.8 Cr | ₹354.5 Cr |
| Cash & Equivalents | ₹890.4 Cr | ₹608.1 Cr | ₹609.4 Cr | ₹529.5 Cr |
| Equity (Net Worth) | ₹4,057.9 Cr | ₹3,692.7 Cr | ₹3,268.5 Cr | ₹2,958.9 Cr |
| Equity Share Capital | ₹26.9 Cr | ₹26.9 Cr | ₹26.9 Cr | ₹26.9 Cr |
| Borrowings (Non-current) | ₹83 Cr | ₹89.8 Cr | ₹43.5 Cr | ₹31.6 Cr |
| Borrowings (Current) | ₹70.1 Cr | ₹54.1 Cr | ₹52.9 Cr | ₹45.7 Cr |
| Total Debt (computed) | ₹153.1 Cr | ₹143.9 Cr | ₹96.4 Cr | ₹77.3 Cr |
| Current Liabilities | ₹1,497.8 Cr | ₹1,143.3 Cr | ₹1,121.2 Cr | ₹1,195.4 Cr |
| Total Liabilities | ₹1,754 Cr | ₹1,363.3 Cr | ₹1,229.4 Cr | ₹1,414.2 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,117 Cr | ₹629.6 Cr | ₹823.4 Cr | ₹556.9 Cr | ₹543.1 Cr |
| Investing Cash Flow | -₹506.5 Cr | -₹512.6 Cr | -₹541 Cr | -₹479.7 Cr | ₹71.5 Cr |
| Financing Cash Flow | -₹328.2 Cr | -₹118.3 Cr | -₹202.5 Cr | -₹189 Cr | -₹44 Cr |
| Capital Expenditure | ₹459.1 Cr | ₹544.8 Cr | ₹553.9 Cr | ₹311 Cr | ₹346 Cr |
| Free Cash Flow (computed) | ₹657.9 Cr | ₹84.8 Cr | ₹269.5 Cr | ₹245.9 Cr | ₹197.1 Cr |
| Dividends Paid | ₹100.7 Cr | ₹100.7 Cr | ₹100.7 Cr | ₹60.3 Cr | ₹45.1 Cr |
| Net Change in Cash | ₹282.3 Cr | -₹1.3 Cr | ₹79.9 Cr | -₹111.8 Cr | ₹570.6 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,088.5 Cr | ₹1,541.5 Cr | ₹1,577.4 Cr | ₹1,361.2 Cr | ₹1,681.4 Cr | ₹1,397 Cr | ₹1,370.4 Cr | ₹1,383.6 Cr | ₹1,625.1 Cr | ₹1,370.2 Cr | ₹1,363 Cr | ₹1,283.1 Cr |
| Other Income | ₹17.3 Cr | ₹9.5 Cr | ₹11.4 Cr | ₹9.1 Cr | ₹8.8 Cr | ₹11.8 Cr | ₹8.8 Cr | ₹11.9 Cr | ₹10.2 Cr | ₹6.4 Cr | ₹13.4 Cr | ₹12.1 Cr |
| Total Income | ₹2,105.8 Cr | ₹1,551 Cr | ₹1,588.8 Cr | ₹1,370.3 Cr | ₹1,690.2 Cr | ₹1,408.8 Cr | ₹1,379.2 Cr | ₹1,395.5 Cr | ₹1,635.3 Cr | ₹1,376.6 Cr | ₹1,376.4 Cr | ₹1,295.2 Cr |
| Cost of Materials Consumed | ₹1,163.4 Cr | ₹920.7 Cr | ₹895.4 Cr | ₹873.2 Cr | ₹931.6 Cr | ₹861.2 Cr | ₹803.9 Cr | ₹854.4 Cr | ₹922.8 Cr | ₹822.4 Cr | ₹852.1 Cr | ₹880.1 Cr |
| Purchases of Stock-in-Trade | ₹38.1 Cr | ₹27.7 Cr | ₹28.2 Cr | ₹21.5 Cr | ₹28.8 Cr | ₹23.7 Cr | ₹24.9 Cr | ₹18.5 Cr | ₹20 Cr | ₹16.7 Cr | ₹15.1 Cr | ₹15.8 Cr |
| Changes in Inventories | ₹46.7 Cr | -₹23.6 Cr | ₹29.4 Cr | -₹69.6 Cr | ₹58.4 Cr | -₹44.9 Cr | ₹9 Cr | -₹50.3 Cr | ₹35.9 Cr | ₹3.4 Cr | -₹34.4 Cr | -₹90.9 Cr |
| Employee Benefit Expense | ₹154.2 Cr | ₹147.7 Cr | ₹146.6 Cr | ₹141.9 Cr | ₹133.1 Cr | ₹129.8 Cr | ₹128.3 Cr | ₹126.7 Cr | ₹119.4 Cr | ₹114.1 Cr | ₹105.3 Cr | ₹99.6 Cr |
| Finance Costs | ₹23.5 Cr | ₹12.6 Cr | ₹16 Cr | ₹12.3 Cr | ₹9.6 Cr | ₹13.9 Cr | ₹10.2 Cr | ₹7.6 Cr | ₹7.8 Cr | ₹7.5 Cr | ₹8 Cr | ₹5.8 Cr |
| Depreciation & Amortisation | ₹74 Cr | ₹73.4 Cr | ₹72.3 Cr | ₹71.9 Cr | ₹64.8 Cr | ₹63.1 Cr | ₹59.9 Cr | ₹55.6 Cr | ₹52.5 Cr | ₹50.1 Cr | ₹48.7 Cr | ₹46.3 Cr |
| Other Expenses | ₹303.2 Cr | ₹231.7 Cr | ₹221 Cr | ₹209.3 Cr | ₹227.6 Cr | ₹207.7 Cr | ₹194.2 Cr | ₹219.9 Cr | ₹235.5 Cr | ₹208.5 Cr | ₹204.8 Cr | ₹176.9 Cr |
| Total Expenses | ₹1,803.1 Cr | ₹1,390.2 Cr | ₹1,408.9 Cr | ₹1,260.5 Cr | ₹1,453.9 Cr | ₹1,254.5 Cr | ₹1,230.4 Cr | ₹1,232.4 Cr | ₹1,393.9 Cr | ₹1,222.7 Cr | ₹1,199.6 Cr | ₹1,133.6 Cr |
| Profit Before Exceptional Items & Tax | ₹302.7 Cr | ₹160.8 Cr | ₹179.9 Cr | ₹109.8 Cr | ₹236.3 Cr | ₹154.3 Cr | ₹148.8 Cr | ₹163.1 Cr | ₹241.4 Cr | ₹153.9 Cr | ₹176.8 Cr | ₹161.6 Cr |
| Exceptional Items | -₹6.1 Cr | -₹16.5 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹296.6 Cr | ₹144.3 Cr | ₹179.9 Cr | ₹109.8 Cr | ₹236.3 Cr | ₹154.3 Cr | ₹148.8 Cr | ₹163.1 Cr | ₹241.4 Cr | ₹153.9 Cr | ₹176.8 Cr | ₹161.6 Cr |
| Total Tax Expense | ₹83.6 Cr | ₹36.6 Cr | ₹45.1 Cr | ₹30.6 Cr | ₹58.3 Cr | ₹41.6 Cr | ₹40.1 Cr | ₹43.6 Cr | ₹60 Cr | ₹40.6 Cr | ₹45.1 Cr | ₹42.3 Cr |
| Net Profit | ₹213 Cr | ₹107.7 Cr | ₹134.8 Cr | ₹79.2 Cr | ₹178.1 Cr | ₹112.6 Cr | ₹108.7 Cr | ₹119.5 Cr | ₹181.3 Cr | ₹113.3 Cr | ₹131.7 Cr | ₹119.3 Cr |
| attributable to Owners | ₹213 Cr | ₹107.7 Cr | ₹134.8 Cr | ₹81.1 Cr | ₹179.3 Cr | ₹114.1 Cr | ₹110 Cr | ₹120.4 Cr | ₹181.6 Cr | ₹113.5 Cr | - | ₹119.8 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | -₹1.9 Cr | -₹1.2 Cr | -₹1.5 Cr | -₹1.3 Cr | -₹90 Lakh | -₹30 Lakh | -₹20 Lakh | - | -₹50 Lakh |
| Other Comprehensive Income | ₹50 Lakh | ₹90 Lakh | -₹30 Lakh | ₹9 Cr | ₹2.4 Cr | -₹7.7 Cr | ₹9 Cr | ₹50 Lakh | -₹2.3 Cr | ₹5.8 Cr | -₹3.4 Cr | ₹2.9 Cr |
| Total Comprehensive Income | ₹213.5 Cr | ₹108.6 Cr | ₹134.5 Cr | ₹88.2 Cr | ₹180.5 Cr | ₹104.9 Cr | ₹117.7 Cr | ₹120 Cr | ₹179 Cr | ₹119.1 Cr | ₹128.3 Cr | ₹122.2 Cr |
| EBITDA (computed) | ₹400.2 Cr | ₹246.8 Cr | ₹268.2 Cr | ₹194 Cr | ₹310.7 Cr | ₹231.3 Cr | ₹218.9 Cr | ₹226.3 Cr | ₹301.7 Cr | ₹211.5 Cr | ₹233.5 Cr | ₹213.7 Cr |
| Basic EPS | ₹7.93 | ₹4.01 | ₹5.02 | ₹3.02 | ₹6.67 | ₹4.25 | ₹4.10 | ₹4.48 | ₹6.76 | ₹4.23 | ₹4.88 | ₹4.46 |
| Diluted EPS | ₹7.93 | ₹4.01 | ₹5.02 | ₹3.02 | ₹6.67 | ₹4.25 | ₹4.10 | ₹4.48 | ₹6.76 | ₹4.22 | ₹4.88 | ₹4.46 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Plumbing | ₹1,534.2 Cr | ₹292.3 Cr | ₹3,177 Cr | ₹1,057.3 Cr |
| Paints and Adhesives | ₹554.3 Cr | ₹22.8 Cr | ₹1,675.9 Cr | ₹447.3 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Plumbing | ₹4,678.7 Cr | ₹686.9 Cr | - | - |
| Paints and Adhesives | ₹1,889.9 Cr | ₹103.4 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹5,907.6 Cr | ₹5,295.9 Cr | ₹5,103.4 Cr | ₹4,611.6 Cr | ₹3,443.3 Cr | ₹2,486.3 Cr | ₹2,042.8 Cr |
| Other Income | ₹58.4 Cr | ₹44.4 Cr | ₹39 Cr | ₹23.9 Cr | ₹27.4 Cr | ₹20.7 Cr | ₹10.9 Cr |
| Total Income | ₹5,966 Cr | ₹5,340.3 Cr | ₹5,142.4 Cr | ₹4,635.5 Cr | ₹3,470.7 Cr | ₹2,507 Cr | ₹2,053.7 Cr |
| Cost of Materials Consumed | ₹3,445.7 Cr | ₹3,098.1 Cr | ₹3,127.7 Cr | ₹2,998 Cr | ₹2,338.7 Cr | ₹1,453.2 Cr | ₹1,290 Cr |
| Purchases of Stock-in-Trade | ₹109.6 Cr | ₹91.8 Cr | ₹65.9 Cr | ₹60.4 Cr | ₹82.6 Cr | ₹62.3 Cr | ₹67.1 Cr |
| Changes in Inventories | -₹9.5 Cr | -₹19.8 Cr | -₹71.4 Cr | ₹6.4 Cr | -₹107.3 Cr | ₹39.1 Cr | -₹59.4 Cr |
| Employee Benefit Expense | ₹447.3 Cr | ₹408.6 Cr | ₹342.4 Cr | ₹246.6 Cr | ₹130.3 Cr | ₹104.3 Cr | ₹97.7 Cr |
| Finance Costs | ₹51.9 Cr | ₹30.6 Cr | ₹21 Cr | ₹33.3 Cr | ₹8.9 Cr | ₹7.6 Cr | ₹33.7 Cr |
| Depreciation & Amortisation | ₹225.6 Cr | ₹192.2 Cr | ₹155.6 Cr | ₹137.4 Cr | ₹105 Cr | ₹96.2 Cr | ₹89.9 Cr |
| Other Expenses | ₹853.1 Cr | ₹780.1 Cr | ₹766.1 Cr | ₹549.1 Cr | ₹364 Cr | ₹292.9 Cr | ₹277.7 Cr |
| Total Expenses | ₹5,123.7 Cr | ₹4,581.6 Cr | ₹4,407.3 Cr | ₹4,031.2 Cr | ₹2,922.2 Cr | ₹2,055.6 Cr | ₹1,796.7 Cr |
| Profit Before Exceptional Items & Tax | ₹842.3 Cr | ₹758.7 Cr | ₹735.1 Cr | ₹604.3 Cr | ₹548.5 Cr | ₹451.4 Cr | ₹257 Cr |
| Exceptional Items | -₹18.5 Cr | ₹0 | ₹0 | -₹3.3 Cr | -₹1.9 Cr | -₹12.3 Cr | -₹2.5 Cr |
| Profit Before Tax | ₹823.8 Cr | ₹758.7 Cr | ₹735.1 Cr | ₹601 Cr | ₹546.6 Cr | ₹439.1 Cr | ₹254.5 Cr |
| Total Tax Expense | ₹212.8 Cr | ₹192.4 Cr | ₹184.7 Cr | ₹153.1 Cr | ₹141.8 Cr | ₹112.2 Cr | ₹53.7 Cr |
| Net Profit | ₹611 Cr | ₹566.3 Cr | ₹550.4 Cr | ₹447.9 Cr | ₹404.8 Cr | ₹326.9 Cr | ₹200.8 Cr |
| Other Comprehensive Income | ₹0 | -₹1.4 Cr | -₹1.3 Cr | -₹1 Cr | ₹10 Lakh | ₹20 Lakh | -₹20 Lakh |
| Total Comprehensive Income | ₹611 Cr | ₹564.9 Cr | ₹549.1 Cr | ₹446.9 Cr | ₹404.9 Cr | ₹327.1 Cr | ₹200.6 Cr |
| EBITDA (computed) | ₹1,119.8 Cr | ₹981.5 Cr | ₹911.7 Cr | ₹775 Cr | ₹662.4 Cr | ₹555.2 Cr | ₹380.6 Cr |
| Basic EPS | ₹22.74 | ₹21.08 | ₹20.49 | ₹16.67 | ₹20.15 | ₹16.27 | ₹13.33 |
| Diluted EPS | ₹22.74 | ₹21.08 | ₹20.49 | ₹16.67 | ₹20.15 | ₹16.27 | ₹13.33 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹5,584 Cr | ₹4,753.6 Cr | ₹4,212.1 Cr | ₹3,587.6 Cr |
| Non-current Assets | ₹3,285.4 Cr | ₹2,886.6 Cr | ₹2,508.7 Cr | ₹2,008.9 Cr |
| Current Assets | ₹2,298.6 Cr | ₹1,867 Cr | ₹1,703.4 Cr | ₹1,578.7 Cr |
| Property, Plant & Equipment | ₹2,227.1 Cr | ₹2,052.3 Cr | ₹1,673 Cr | ₹1,305.1 Cr |
| Inventories | ₹962.8 Cr | ₹887 Cr | ₹802.9 Cr | ₹769.7 Cr |
| Trade Receivables | ₹334.6 Cr | ₹315.8 Cr | ₹267.4 Cr | ₹235.2 Cr |
| Cash & Equivalents | ₹870.9 Cr | ₹581.1 Cr | ₹566.9 Cr | ₹394.3 Cr |
| Equity (Net Worth) | ₹4,107 Cr | ₹3,595.8 Cr | ₹3,129.8 Cr | ₹2,679.3 Cr |
| Equity Share Capital | ₹26.9 Cr | ₹26.9 Cr | ₹26.9 Cr | ₹26.9 Cr |
| Borrowings (Non-current) | ₹61.9 Cr | ₹78.1 Cr | ₹29.7 Cr | ₹2.1 Cr |
| Borrowings (Current) | ₹30 Lakh | ₹30 Lakh | ₹30 Lakh | ₹0 |
| Total Debt (computed) | ₹62.2 Cr | ₹78.4 Cr | ₹30 Cr | ₹2.1 Cr |
| Current Liabilities | ₹1,294.5 Cr | ₹996 Cr | ₹993.3 Cr | ₹859.2 Cr |
| Total Liabilities | ₹1,477 Cr | ₹1,157.8 Cr | ₹1,082.3 Cr | ₹908.3 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,084.3 Cr | ₹620.5 Cr | ₹788.4 Cr | ₹486.5 Cr | ₹471.3 Cr |
| Investing Cash Flow | -₹605.5 Cr | -₹511.3 Cr | -₹516.9 Cr | -₹598 Cr | -₹38.1 Cr |
| Financing Cash Flow | -₹189 Cr | -₹95 Cr | -₹98.9 Cr | -₹121 Cr | -₹54 Cr |
| Capital Expenditure | ₹375.9 Cr | ₹495 Cr | ₹524.4 Cr | ₹291.3 Cr | ₹311.6 Cr |
| Free Cash Flow (computed) | ₹708.4 Cr | ₹125.5 Cr | ₹264 Cr | ₹195.2 Cr | ₹159.7 Cr |
| Dividends Paid | ₹100.7 Cr | ₹100.7 Cr | ₹100.7 Cr | ₹60.3 Cr | ₹45.2 Cr |
| Net Change in Cash | ₹289.8 Cr | ₹14.2 Cr | ₹172.6 Cr | -₹232.5 Cr | ₹379.2 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,902.8 Cr | ₹1,381.6 Cr | ₹1,416.1 Cr | ₹1,207.1 Cr | ₹1,542.3 Cr | ₹1,270.5 Cr | ₹1,230.1 Cr | ₹1,253 Cr | ₹1,488.1 Cr | ₹1,242.9 Cr | ₹1,223.4 Cr | ₹1,149 Cr |
| Other Income | ₹17.8 Cr | ₹12.8 Cr | ₹12.5 Cr | ₹15.3 Cr | ₹11.2 Cr | ₹8.5 Cr | ₹12.8 Cr | ₹11.9 Cr | ₹9.7 Cr | ₹8.4 Cr | ₹7.5 Cr | ₹13.4 Cr |
| Total Income | ₹1,920.6 Cr | ₹1,394.4 Cr | ₹1,428.6 Cr | ₹1,222.4 Cr | ₹1,553.5 Cr | ₹1,279 Cr | ₹1,242.9 Cr | ₹1,264.9 Cr | ₹1,497.8 Cr | ₹1,251.3 Cr | ₹1,230.9 Cr | ₹1,162.4 Cr |
| Cost of Materials Consumed | ₹1,058 Cr | ₹820.5 Cr | ₹795.2 Cr | ₹772 Cr | ₹842.3 Cr | ₹783.5 Cr | ₹713.6 Cr | ₹758.7 Cr | ₹848.6 Cr | ₹738.3 Cr | ₹757.8 Cr | ₹783 Cr |
| Purchases of Stock-in-Trade | ₹36.7 Cr | ₹26 Cr | ₹26.2 Cr | ₹20.7 Cr | ₹27.5 Cr | ₹22.9 Cr | ₹23.8 Cr | ₹17.6 Cr | ₹19.5 Cr | ₹16.5 Cr | ₹14.9 Cr | ₹15 Cr |
| Changes in Inventories | ₹41 Cr | -₹19.3 Cr | ₹31.1 Cr | -₹62.3 Cr | ₹57.6 Cr | -₹48.9 Cr | ₹8.5 Cr | -₹37 Cr | ₹24 Cr | ₹7.1 Cr | -₹26.6 Cr | -₹75.9 Cr |
| Employee Benefit Expense | ₹116.5 Cr | ₹110 Cr | ₹110.4 Cr | ₹110.4 Cr | ₹105.7 Cr | ₹101.2 Cr | ₹100.8 Cr | ₹100.9 Cr | ₹93.4 Cr | ₹88.5 Cr | ₹82.6 Cr | ₹77.9 Cr |
| Finance Costs | ₹21.3 Cr | ₹9.3 Cr | ₹12.6 Cr | ₹8.7 Cr | ₹7.1 Cr | ₹11.1 Cr | ₹7.3 Cr | ₹5.1 Cr | ₹6.1 Cr | ₹5.3 Cr | ₹5.9 Cr | ₹3.7 Cr |
| Depreciation & Amortisation | ₹57 Cr | ₹57.1 Cr | ₹55.6 Cr | ₹55.9 Cr | ₹51.3 Cr | ₹49.8 Cr | ₹47.3 Cr | ₹43.8 Cr | ₹42 Cr | ₹39.6 Cr | ₹38.1 Cr | ₹35.9 Cr |
| Other Expenses | ₹264.7 Cr | ₹204.3 Cr | ₹197.3 Cr | ₹186.8 Cr | ₹209.7 Cr | ₹190 Cr | ₹176.9 Cr | ₹203.5 Cr | ₹221.5 Cr | ₹194.9 Cr | ₹187 Cr | ₹162.7 Cr |
| Total Expenses | ₹1,595.2 Cr | ₹1,207.9 Cr | ₹1,228.4 Cr | ₹1,092.2 Cr | ₹1,301.2 Cr | ₹1,109.6 Cr | ₹1,078.2 Cr | ₹1,092.6 Cr | ₹1,255.1 Cr | ₹1,090.2 Cr | ₹1,059.7 Cr | ₹1,002.3 Cr |
| Profit Before Exceptional Items & Tax | ₹325.4 Cr | ₹186.5 Cr | ₹200.2 Cr | ₹130.2 Cr | ₹252.3 Cr | ₹169.4 Cr | ₹164.7 Cr | ₹172.3 Cr | ₹242.7 Cr | ₹161.1 Cr | ₹171.2 Cr | ₹160.1 Cr |
| Exceptional Items | -₹2 Cr | -₹16.5 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹323.4 Cr | ₹170 Cr | ₹200.2 Cr | ₹130.2 Cr | ₹252.3 Cr | ₹169.4 Cr | ₹164.7 Cr | ₹172.3 Cr | ₹242.7 Cr | ₹161.1 Cr | ₹171.2 Cr | ₹160.1 Cr |
| Total Tax Expense | ₹85.7 Cr | ₹43.2 Cr | ₹50.3 Cr | ₹33.6 Cr | ₹62.3 Cr | ₹43.5 Cr | ₹42.4 Cr | ₹44.2 Cr | ₹59.6 Cr | ₹41 Cr | ₹43.2 Cr | ₹40.9 Cr |
| Net Profit | ₹237.7 Cr | ₹126.8 Cr | ₹149.9 Cr | ₹96.6 Cr | ₹190 Cr | ₹125.9 Cr | ₹122.3 Cr | ₹128.1 Cr | ₹183.1 Cr | ₹120.1 Cr | ₹128 Cr | ₹119.2 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | -₹1.4 Cr | ₹0 | ₹0 | ₹0 | -₹1.3 Cr | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹237.7 Cr | ₹126.8 Cr | ₹149.9 Cr | ₹96.6 Cr | ₹188.6 Cr | ₹125.9 Cr | ₹122.3 Cr | ₹128.1 Cr | ₹181.8 Cr | ₹120.1 Cr | ₹128 Cr | ₹119.2 Cr |
| EBITDA (computed) | ₹403.7 Cr | ₹252.9 Cr | ₹268.4 Cr | ₹194.8 Cr | ₹310.7 Cr | ₹230.3 Cr | ₹219.3 Cr | ₹221.2 Cr | ₹290.8 Cr | ₹206 Cr | ₹215.2 Cr | ₹199.7 Cr |
| Basic EPS | ₹8.85 | ₹4.72 | ₹5.58 | ₹3.60 | ₹7.07 | ₹4.69 | ₹4.55 | ₹4.77 | ₹6.82 | ₹4.47 | ₹4.76 | ₹4.44 |
| Diluted EPS | ₹8.85 | ₹4.72 | ₹5.58 | ₹3.60 | ₹7.07 | ₹4.69 | ₹4.55 | ₹4.77 | ₹6.82 | ₹4.47 | ₹4.76 | ₹4.44 |
Shareholding Pattern of Astral Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 54.22%, foreign institutional investors hold 14.50%, domestic institutional investors hold 21.29%, retail and other public shareholders hold 9.99% of Astral Limited. The company had 258,441 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 54.22% | 54.22% | 54.21% | 54.10% | 54.10% | 54.10% |
| Public | 45.78% | 45.78% | 45.79% | 45.90% | 45.90% | 45.90% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 54.22% | 54.10% | 54.10% | 55.85% | 55.73% | 55.74% | 55.74% | 58.48% | 58.50% | 59.34% | 59.35% |
| Public | 45.78% | 45.90% | 45.90% | 44.15% | 44.27% | 44.26% | 44.26% | 41.52% | 41.50% | 40.66% | 40.65% |
| Promoter change (YoY, %pts) | +0.12 | +0.00 | -1.75 | +0.12 | -0.01 | +0.00 | -2.74 | -0.02 | -0.84 | -0.01 | - |
Board & Governance of Astral Limited
As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Astral Limited has 11 directors - 6 independent and 5 executive. The board is chaired by SANDEEP PRAVINCHANDRA ENGINEER.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| SANDEEP PRAVINCHANDRA ENGINEER | Executive Director · MD · Chairperson | 1996-03-25 | 1 |
| JAGRUTI SANDEEP ENGINEER | Executive Director | 1996-03-25 | 1 |
| GIRISH BHANUBHAI JOSHI | Executive Director | 2021-07-01 | 1 |
| KAIRAV SANDEEP ENGINEER | Executive Director | 2023-07-01 | 1 |
| HIRANAND ASANDAS SAVLANI | Executive Director | 2023-07-01 | 1 |
| VIRAL MAHESHBHAI JHAVERI | Non-Executive - Independent Director | 2019-10-24 | 1 |
| CHIKMAGALUR KALASHEETY GOPAL | Non-Executive - Independent Director | 2020-02-11 | 1 |
| CHETAS GULABBHAI DESAI | Non-Executive - Independent Director | 2023-02-07 | 1 |
| DHINAL ASHVINBHAI SHAH | Non-Executive - Independent Director | 2023-02-07 | 3 |
| TANVI VISHAL RANGWALA | Non-Executive - Independent Director | 2025-07-15 | 2 |
| RAJENDRA KISHORE MARIWALA | Non-Executive - Independent Director | 2025-07-15 | 6 |
| Committee | Members |
|---|---|
| Audit Committee | CHIKMAGALUR KALASHEETY GOPAL (Chairperson), VIRAL MAHESHBHAI JHAVERI, CHETAS GULABBHAI DESAI, DHINAL ASHVINBHAI SHAH, SANDEEP PRAVINCHANDRA ENGINEER |
| Nomination and remuneration committee | CHIKMAGALUR KALASHEETY GOPAL (Chairperson), VIRAL MAHESHBHAI JHAVERI, CHETAS GULABBHAI DESAI, DHINAL ASHVINBHAI SHAH |
| Stakeholders Relationship Committee | CHIKMAGALUR KALASHEETY GOPAL (Chairperson), SANDEEP PRAVINCHANDRA ENGINEER, VIRAL MAHESHBHAI JHAVERI |
| Risk Management Committee | CHIKMAGALUR KALASHEETY GOPAL (Chairperson), VIRAL MAHESHBHAI JHAVERI, SANDEEP PRAVINCHANDRA ENGINEER, HIRANAND ASANDAS SAVLANI |
| Corporate Social Responsibility Committee | JAGRUTI SANDEEP ENGINEER (Chairperson), VIRAL MAHESHBHAI JHAVERI, SANDEEP PRAVINCHANDRA ENGINEER |
Group Structure of Astral Limited
Astral Limited has 4 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Astral Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Gem Paints Private Limited | U24220KA1980PTC003715 | - |
| Esha Paints Private Limited | U24222KA2022PTC160270 | - |
| Enterprise Technology Services Private Limited | U72200WB2000PTC090898 | - |
| Astral Foundation | U85300GJ2020NPL112779 | - |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Astral Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2015 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open |
| 02 Jul 2013 | Others | ₹25 Cr | Open |
| 13 Sep 2011 | Idbi Trusteeship Services Limited | ₹15 Cr | Open |
| 03 Mar 2008 | Standard Chartered Bank | ₹30 Cr | Open |
| 30 May 2019 | Axis Bank Limited | ₹1.77 Cr | Satisfied |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Astral Limited
Astral Limited has a workforce of 2,788 employees as of Apr 10, 2024.
Employee Count & EPFO Data of Astral Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Astral Limited
GSTIN & GST Filing Data of Astral Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Astral Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Astral Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Astral Limited
MSME Payment Delays by Astral Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Astral Limited
Subsidiaries & Group Companies of Astral Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Astral Limited with ownership details.
MCA Filings & Documents of Astral Limited
MCA Filings & Documents of Astral Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Astral Limited
Recent News on Astral Limited
Frequently Asked Questions about Astral Limited
Astral Limited is an active public limited company in the manufacturing sector based in Ahmedabad, Gujarat, India. It was incorporated on 25 March 1996 (30+ years old) and is registered under CIN L25200GJ1996PLC029134. Listed on BSE: 532830 and NSE: ASTRAL. The company has 2,788 employees.
Astral Limited reported revenue of ₹5,873.7 Cr for FY 2025 (up 3.00% YoY).
The current directors of Astral Limited are:
- Rajendra Kishore Mariwala
- Chintankumar Mahendrabhai Patel
- Girish Bhanubhai Joshi
- Tanvi Vishal Rangwala
- Sandeep Pravinbhai Engineer
- Jagruti Sandeep Engineer
- Kairav Sandeep Engineer
- Hiranand Asandas Savlani
- Chintankumar Mahendrabhai Patel
- Viral Maheshbhai Jhaveri
- Dhinal Ashvinbhai Shah
- Chikmagalur Kalasheety Gopal
- Chetas Gulabbhai Desai
The primary industry of Astral Limited is manufacturing. The company specifically operates in pipe and tubes. The company is currently active in this sector.
Yes. Astral Limited is listed on both BSE (code: 532830) and NSE (symbol: ASTRAL).
Astral Limited can be reached at the registered office: Astralhouse 2071 BHrajpathclub Offs.G.Highway, Ahmedabad, Gujarat, India – 380059, or through the website astralpipes.com.