Astral Poly Technik Q4 Review - Healthy Margins, Story Remains Intact: Dolat Capital

Astral Poly Technik Q4 Review - Healthy Margins, Story Remains Intact: Dolat Capital

A contractor makes a measurement while installing PVC pipe inside a home under construction. (Photographer: Daniel Acker/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Astral Poly Technik Ltd.'s Q4 FY21 numbers were above our estimates on revenue front and profitability front.

Volume growth of 25.8% YoY and 15.3% QoQ in pipe segment with opening up of metro cities, new product introduction and robust distribution network.

Pipes business showed a positive growth YoY from September 2020 onwards.

Adhesive segment from the month of July showed a positive growth and the growth story has continued with positive response.

Margins on a full year showed growth as structural changes of eliminating stockists was undertaken.

Click on the attachment to read the full report:

Dolat Capital Astral Q4FY21 Result Update.pdf
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