Astral Annual Analysis - Innovator, Trendsetter In The Piping Segment: Axis Securities
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Axis Securities Report
Astral Ltd. (formerly known as Astral Poly Technik Ltd.) delivered revenue growth of 23.2% in FY21, majorly driven by excellent volume and value performance by both of its pipes and adhesives divisions.
The company’s focus on value-added and higher-margin products along with the benefits of economies of scale helped it improve its profitability on a YoY basis.
Furthermore, leveraging its strong brand recall, Astral managed to pass on an increase in raw material prices to the end consumer, enabling it to sustain its margins.
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