Astral Limited
Astral Limited engages in the manufacture and marketing of pipes and fittings, water tanks, and adhesives and sealants in India and internationally. It operates in two segments, Plumbing, and Paints and Adhesives. It offers plumbing pipes and fittings, sewerage and drainage pipes and fittings, agriculture pipes and fittings, cable protection system, industrial piping system, fire protection syste… Read more
Astral Limited (ASTRAL) - Net Assets
Latest net assets as of September 2025: ₹37.76 Billion INR
Based on the latest financial reports, Astral Limited (ASTRAL) has net assets worth ₹37.76 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹51.98 Billion) and total liabilities (₹14.22 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹37.76 Billion |
| % of Total Assets | 72.64% |
| Annual Growth Rate | 55.41% |
| 5-Year Change | 92.63% |
| 10-Year Change | 364.6% |
| Growth Volatility | 310.18 |
Astral Limited - Net Assets Trend (2002–2025)
This chart illustrates how Astral Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Astral Limited (2002–2025)
The table below shows the annual net assets of Astral Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹36.93 Billion | +12.98% |
| 2024-03-31 | ₹32.69 Billion | +10.46% |
| 2023-03-31 | ₹29.59 Billion | +25.14% |
| 2022-03-31 | ₹23.64 Billion | +23.34% |
| 2021-03-31 | ₹19.17 Billion | +26.14% |
| 2020-03-31 | ₹15.20 Billion | +17.56% |
| 2019-03-31 | ₹12.93 Billion | +25.29% |
| 2018-03-31 | ₹10.32 Billion | +20.09% |
| 2017-03-31 | ₹8.59 Billion | +8.09% |
| 2016-03-31 | ₹7.95 Billion | +25.11% |
| 2015-03-31 | ₹6.35 Billion | +101.02% |
| 2014-03-31 | ₹3.16 Billion | +30.75% |
| 2013-03-31 | ₹2.42 Billion | +31.34% |
| 2012-03-31 | ₹1.84 Billion | +24.61% |
| 2011-03-31 | ₹1.48 Billion | +25.52% |
| 2010-03-31 | ₹1.18 Billion | +27.11% |
| 2009-03-31 | ₹925.63 Million | +15.91% |
| 2008-03-31 | ₹798.59 Million | +18.21% |
| 2007-03-31 | ₹675.58 Million | +301.63% |
| 2006-03-31 | ₹168.21 Million | +118.07% |
| 2005-03-31 | ₹77.14 Million | +44.57% |
| 2004-03-31 | ₹53.35 Million | +123.60% |
| 2003-03-31 | ₹23.86 Million | +1537.68% |
| 2002-03-31 | ₹1.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Astral Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3137800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹31.38 Billion | 86.75% |
| Common Stock | ₹269.00 Million | 0.74% |
| Other Comprehensive Income | ₹509.00 Million | 1.41% |
| Other Components | ₹4.01 Billion | 11.10% |
| Total Equity | ₹36.17 Billion | 100.00% |
Astral Limited Competitors by Market Cap
The table below lists competitors of Astral Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Andersons Inc
NASDAQ:ANDE
|
$2.24 Billion |
|
Beam Therapeutics Inc
NASDAQ:BEAM
|
$2.24 Billion |
|
Zai Lab Ltd
NASDAQ:ZLAB
|
$2.24 Billion |
|
MiTAC Holdings Corp
TW:3706
|
$2.25 Billion |
|
Greif Bros Corporation
NYSE:GEF
|
$2.24 Billion |
|
Hui Lyu Ecological Technology Groups Co Ltd
SHE:001267
|
$2.24 Billion |
|
COFCO Tunhe Sugar Co Ltd
SHG:600737
|
$2.24 Billion |
|
Smart REIT
PINK:CWYUF
|
$2.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Astral Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,881,000,000 to 36,170,000,000, a change of 4,289,000,000 (13.5%).
- Net income of 5,238,000,000 contributed positively to equity growth.
- Dividend payments of 1,007,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 63,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.24 Billion | +14.48% |
| Dividends Paid | ₹1.01 Billion | -2.78% |
| Other Comprehensive Income | ₹63.00 Million | +0.17% |
| Other Changes | ₹-5.00 Million | -0.01% |
| Total Change | ₹- | 13.45% |
Book Value vs Market Value Analysis
This analysis compares Astral Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 12.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 297777.82x to 12.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | ₹0.01 | ₹1619.70 | x |
| 2003-03-31 | ₹0.09 | ₹1619.70 | x |
| 2004-03-31 | ₹0.20 | ₹1619.70 | x |
| 2005-03-31 | ₹0.29 | ₹1619.70 | x |
| 2006-03-31 | ₹0.63 | ₹1619.70 | x |
| 2007-03-31 | ₹2.52 | ₹1619.70 | x |
| 2008-03-31 | ₹2.98 | ₹1619.70 | x |
| 2009-03-31 | ₹3.46 | ₹1619.70 | x |
| 2010-03-31 | ₹4.39 | ₹1619.70 | x |
| 2011-03-31 | ₹5.51 | ₹1619.70 | x |
| 2012-03-31 | ₹6.87 | ₹1619.70 | x |
| 2013-03-31 | ₹9.01 | ₹1619.70 | x |
| 2014-03-31 | ₹12.63 | ₹1619.70 | x |
| 2015-03-31 | ₹24.38 | ₹1619.70 | x |
| 2016-03-31 | ₹29.18 | ₹1619.70 | x |
| 2017-03-31 | ₹31.82 | ₹1619.70 | x |
| 2018-03-31 | ₹38.25 | ₹1619.70 | x |
| 2019-03-31 | ₹47.77 | ₹1619.70 | x |
| 2020-03-31 | ₹56.11 | ₹1619.70 | x |
| 2021-03-31 | ₹70.77 | ₹1619.70 | x |
| 2022-03-31 | ₹86.99 | ₹1619.70 | x |
| 2023-03-31 | ₹100.93 | ₹1619.70 | x |
| 2024-03-31 | ₹118.68 | ₹1619.70 | x |
| 2025-03-31 | ₹134.64 | ₹1619.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Astral Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.98%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.40x
- Recent ROE (14.48%) is above the historical average (-16.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -885.31% | -16.10% | 0.88x | 62.82x | ₹-13.04 Million |
| 2003 | 47.46% | 8.64% | 0.98x | 5.63x | ₹8.94 Million |
| 2004 | 51.07% | 12.39% | 1.16x | 3.55x | ₹21.91 Million |
| 2005 | 28.66% | 6.23% | 1.31x | 3.51x | ₹14.39 Million |
| 2006 | 23.01% | 7.49% | 1.12x | 2.73x | ₹21.88 Million |
| 2007 | 13.49% | 9.40% | 0.84x | 1.71x | ₹23.55 Million |
| 2008 | 21.37% | 12.57% | 0.92x | 1.85x | ₹90.83 Million |
| 2009 | 15.13% | 7.27% | 0.98x | 2.13x | ₹47.46 Million |
| 2010 | 23.56% | 9.55% | 1.11x | 2.22x | ₹159.51 Million |
| 2011 | 22.25% | 7.99% | 1.22x | 2.29x | ₹180.79 Million |
| 2012 | 21.46% | 7.00% | 1.17x | 2.61x | ₹210.89 Million |
| 2013 | 25.11% | 7.35% | 1.51x | 2.26x | ₹364.73 Million |
| 2014 | 25.03% | 7.31% | 1.55x | 2.20x | ₹473.83 Million |
| 2015 | 12.27% | 5.31% | 1.23x | 1.88x | ₹140.16 Million |
| 2016 | 12.92% | 6.02% | 1.21x | 1.77x | ₹227.85 Million |
| 2017 | 17.08% | 6.80% | 1.46x | 1.73x | ₹599.94 Million |
| 2018 | 17.19% | 8.45% | 1.24x | 1.65x | ₹732.61 Million |
| 2019 | 15.32% | 7.81% | 1.19x | 1.64x | ₹680.33 Million |
| 2020 | 16.49% | 9.62% | 1.13x | 1.52x | ₹976.10 Million |
| 2021 | 21.33% | 12.73% | 1.19x | 1.41x | ₹2.15 Billion |
| 2022 | 20.71% | 11.01% | 1.30x | 1.45x | ₹2.50 Billion |
| 2023 | 16.84% | 8.85% | 1.18x | 1.61x | ₹1.85 Billion |
| 2024 | 17.13% | 9.68% | 1.25x | 1.41x | ₹2.27 Billion |
| 2025 | 14.48% | 8.98% | 1.15x | 1.40x | ₹1.62 Billion |
Industry Comparison
This section compares Astral Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,260,348,859
- Average return on equity (ROE) among peers: 16.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Astral Limited (ASTRAL) | ₹37.76 Billion | -885.31% | 0.38x | $2.24 Billion |
| Ahlada Engineers Limited (AHLADA) | $194.68 Million | 13.60% | 2.13x | $3.12 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $82.31 Million | 22.41% | 0.08x | $103.29 Million |
| Aro Granite Industries Limited (AROGRANITE) | $1.13 Billion | 7.80% | 0.96x | $1.72 Million |
| Asian Granito India Limited (ASIANTILES) | $719.25 Million | 32.05% | 1.43x | $90.50 Million |
| Beardsell Limited (BEARDSELL) | $587.67 Million | 14.45% | 1.51x | $3.49 Million |
| Bigbloc Construction Limited (BIGBLOC) | $298.61 Million | 8.23% | 2.56x | $19.25 Million |
| BirlaNu Limited (BIRLANU) | $11.66 Billion | 18.04% | 0.91x | $134.58K |
| Blue Star Limited (BLUESTARCO) | $4.56 Billion | 11.89% | 3.77x | $2.72 Billion |
| Cera Sanitaryware Limited (CERA) | $1.12 Billion | 23.79% | 1.14x | $222.43 Million |